Mayfield Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Mayfield averaged 6.42% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.91% and one month ago for the week of 2024-11-07, the average rate was 7.01%.

    Mayfield's average rate one year ago was 6.85%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.9%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Mayfield 30 Year Fixed Rate 2024-12-12 6.42%
    Mayfield 30 Year Fixed Rate Refi 2024-12-12 6.9%
    Mayfield 15 Year Fixed Rate 2024-12-12 5.84%
    Mayfield 15 Year Fixed Rate Refi 2024-12-12 6.44%
    Mayfield 30 Year FHA 2024-12-12 6.08%
    Mayfield 30 Year FHA Refi 2024-12-12 6.08%
    Mayfield 30 Year USDA 2024-12-12 6.2%
    Mayfield 30 Year USDA Refi 2024-12-12 6.2%
    Mayfield 30 Year VA 2024-12-12 6.18%
    Mayfield 30 Year VA Refi 2024-12-12 5.88%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Mayfield, KY.

    Mayfield Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Mayfield, KY market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Independence Bank of Kentucky 12 6.31% $3,009
    U.S. Bank 12 6.81% $3,453
    GERSHMAN INVESTMENT CORP. 11 6.61% $3,020
    STOCKTON MORTGAGE CORPORATION 9 6.72% $4,945
    Magnolia Bank 8 6.81% $2,833
    River Valley AgCredit, ACA 6 7.48% $7,068
    UNITED WHOLESALE MORTGAGE, LLC 5 6.81% $4,535
    Regions Bank 4 7.38% $2,817
    FirstTrust Home Loans, Inc. 4 6.69% $3,491
    FIRST COMMUNITY MORTGAGE, INC. 4 7.06% $4,393
    JPMorgan Chase Bank 4 7.31% $3,389
    AgFirst Farm Credit Bank 3 7.50% $3,226
    PNC Bank 3 6.46% $3,922
    QUICKEN LOANS, LLC 3 6.91% $5,270
    Mortgage Research Center, LLC 2 7.19% $2,215
    ROYAL UNITED MORTGAGE LLC 2 7.06% $15,310
    Discover Bank 2 7.87% $0
    21ST MORTGAGE CORPORATION 1 7.50% $7,845
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.25% $7,157
    Banterra Bank 1 7.61% $2,707
    CapStar Bank 1 7.75% $3,324
    EVERETT FINANCIAL, INC. 1 7.63% $5,752
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.50% $3,722
    Flanagan State Bank 1 6.75% $3,458
    FLAT BRANCH MORTGAGE, INC. 1 6.75% $2,968
    MOVEMENT MORTGAGE, LLC 1 6.99% $3,864
    Mr. Cooper ( Nationstar Mortgage ) 1 6.50% $9,306
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.88% $10,714
    NAVY FEDERAL CREDIT UNION 1 7.00% $2,198
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.50% $4,442
    Renasant Bank 1 7.38% $4,415
    RUOFF MORTGAGE COMPANY, INC. 1 8.13% $3,289
    SOUTH CENTRAL BANK, INC. 1 8.00% $2,723
    Truist 1 6.75% $3,326
    Truity Federal Credit Union 1 6.13% $4,049

    Mayfield Average Closing Costs & Other Stats

    Mayfield, KY's 35 lenders originated 438 loans during 2023. The total origination value was $60,310,000, with an average loan value of $137,694.

    Mayfield's average closing costs are $4,250.

    The top Mayfield lender as defined by loan originations is Independence Bank of Kentucky, with 12 loans originated. Their average total fees are $3,009, which is $444 lower than the next largest lender, U.S. Bank.

    The lowest fee Mayfield lenders (with over 10 loans originated) are Independence Bank of Kentucky ($3,009), GERSHMAN INVESTMENT CORP. ($3,020), U.S. Bank ($3,453), .

    The lowest rate Mayfield lenders (with over 10 loans originated) are Independence Bank of Kentucky (6.31%), GERSHMAN INVESTMENT CORP. (6.61%), U.S. Bank (6.81%), .

    Mayfield, KY Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    U.S. Bank $7,920,000 $5,745,000 -27.5% 9.5%
    FNB Bank, Inc. $8,765,000 $4,360,000 -50.3% 7.2%
    Independence Bank of Kentucky $7,340,000 $4,340,000 -40.9% 7.2%
    STOCKTON MORTGAGE CORPORATION $2,670,000 $3,740,000 40.1% 6.2%
    GERSHMAN INVESTMENT CORP. $2,275,000 $3,300,000 45.1% 5.5%
    Regions Bank $2,875,000 $2,975,000 3.5% 4.9%
    River Valley AgCredit, ACA $3,775,000 $2,790,000 -26.1% 4.6%
    QUICKEN LOANS, LLC $6,645,000 $2,735,000 -58.8% 4.5%
    Mortgage Research Center, LLC $2,335,000 $2,630,000 12.6% 4.4%
    Magnolia Bank $5,430,000 $2,525,000 -53.5% 4.2%
    UNITED WHOLESALE MORTGAGE, LLC $2,035,000 $2,445,000 20.1% 4.1%
    The Paducah Bank and Trust Company $2,300,000 $2,010,000 -12.6% 3.3%
    RUOFF MORTGAGE COMPANY, INC. $270,000 $1,290,000 377.8% 2.1%
    EVERETT FINANCIAL, INC. $2,690,000 $1,145,000 -57.4% 1.9%
    FirstTrust Home Loans, Inc. $340,000 $1,025,000 201.5% 1.7%
    VANDERBILT MORTGAGE AND FINANCE, INC. $780,000 $975,000 25.0% 1.6%
    ROYAL UNITED MORTGAGE LLC $245,000 $835,000 240.8% 1.4%
    PENNYMAC LOAN SERVICES, LLC $535,000 $765,000 43.0% 1.3%
    JPMorgan Chase Bank $660,000 n/a 1.1%
    NAVY FEDERAL CREDIT UNION $1,085,000 $610,000 -43.8% 1.0%
    AgFirst Farm Credit Bank $2,155,000 $585,000 -72.9% 1.0%
    PNC Bank $575,000 n/a 1.0%
    FIRST COMMUNITY MORTGAGE, INC. $125,000 $570,000 356.0% 0.9%
    MID AMERICA MORTGAGE, INC. $925,000 $530,000 -42.7% 0.9%
    Farmers Bank and Trust Company $525,000 n/a 0.9%
    AMERISAVE MORTGAGE CORPORATION $605,000 $505,000 -16.5% 0.8%
    FLAT BRANCH MORTGAGE, INC. $465,000 n/a 0.8%
    BROKER SOLUTIONS, INC. $425,000 n/a 0.7%
    GUARANTEED RATE, INC. $390,000 n/a 0.6%
    Bank of England $340,000 n/a 0.6%
    Renasant Bank $325,000 n/a 0.5%
    Bank of Buffalo $305,000 n/a 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $550,000 $295,000 -46.4% 0.5%
    BAY EQUITY LLC $285,000 n/a 0.5%
    First Financial Bank $455,000 $285,000 -37.4% 0.5%
    21ST MORTGAGE CORPORATION $320,000 $280,000 -12.5% 0.5%
    First Federal Bank $275,000 n/a 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $315,000 $270,000 -14.3% 0.4%
    Carrington Mortgage Services, LLC $1,155,000 $260,000 -77.5% 0.4%
    Truist $15,000 $245,000 1,533.3% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $115,000 $235,000 104.3% 0.4%
    SPRING EQ, LLC $225,000 n/a 0.4%
    EMM LOANS LLC $175,000 $215,000 22.9% 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $195,000 $215,000 10.3% 0.4%
    PLAZA HOME MORTGAGE, INC. $215,000 n/a 0.4%
    Discover Bank $35,000 $205,000 485.7% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $260,000 $205,000 -21.2% 0.3%
    CapStar Bank $265,000 $195,000 -26.4% 0.3%
    Flanagan State Bank $195,000 n/a 0.3%
    OCEANSIDE MORTGAGE COMPANY $195,000 n/a 0.3%
    USAA Federal Savings Bank $265,000 $195,000 -26.4% 0.3%
    AXIA FINANCIAL, LLC $175,000 n/a 0.3%
    BancorpSouth $175,000 n/a 0.3%
    CARDINAL FINANCIAL $175,000 n/a 0.3%
    FirstBank $470,000 $175,000 -62.8% 0.3%
    CIS Financial Services, Inc. $165,000 n/a 0.3%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $220,000 $165,000 -25.0% 0.3%
    The Federal Savings Bank $165,000 n/a 0.3%
    Community Mortgage Banc Corporation $145,000 n/a 0.2%
    POLARIS HOME FUNDING CORP. $145,000 n/a 0.2%
    Coastal Community Bank $140,000 n/a 0.2%
    Banterra Bank $135,000 n/a 0.2%
    CREDIT HUMAN FEDERAL CREDIT UNION $200,000 $135,000 -32.5% 0.2%
    MOVEMENT MORTGAGE, LLC $135,000 n/a 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $125,000 n/a 0.2%
    SOUTH CENTRAL BANK, INC. $55,000 $125,000 127.3% 0.2%
    Truity Federal Credit Union $115,000 n/a 0.2%
    CRESCENT MORTGAGE COMPANY $1,100,000 $105,000 -90.5% 0.2%
    NEW DAY FINANCIAL, LLC $270,000 $105,000 -61.1% 0.2%
    TOP FLITE FINANCIAL, INC. $755,000 $95,000 -87.4% 0.2%
    Farmers State Bank of Alto Pass $90,000 n/a 0.1%
    PHH Mortgage Corporation $85,000 n/a 0.1%
    COMMONWEALTH $15,000 $65,000 333.3% 0.1%
    Guardian Savings Bank, A Federal Savings Bank $55,000 n/a 0.1%
    UNIVERSITY OF KENTUCKY $55,000 n/a 0.1%
    Deere Employees Credit Union $35,000 $25,000 -28.6% 0.0%

    Mayfield's top lender by overall market share is U.S. Bank, with 9.5% market share. In second place, with 7.2%, is FNB Bank, Inc., having originated $4,360,000 in loans. In third place, with 7.2%, is Independence Bank of Kentucky, having originated $4,340,000 in loans. In fourth place, with 6.2%, is STOCKTON MORTGAGE CORPORATION, having originated $3,740,000 in loans. In fifth place, with 5.5%, is GERSHMAN INVESTMENT CORP., having originated $3,300,000 in loans.

    Mayfield Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Mayfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $126,250 (1.1%) $152,169 (6.1%) 0.00 125
    2018-02-01 $124,100 (-3.6%) $150,686 (-0.7%) 0.00 117
    2018-03-01 $134,450 (-1.8%) $162,991 (5.1%) 0.00 119
    2018-04-01 $137,188 (-1.7%) $157,806 (0.1%) 0.00 140
    2018-05-01 $135,000 (-3.5%) $159,738 (-1.1%) 0.00 144
    2018-06-01 $145,000 (2.2%) $164,083 (1.5%) 0.00 153
    2018-07-01 $146,125 (6.0%) $168,420 (7.3%) 0.00 156
    2018-08-01 $132,900 (2.3%) $168,994 (9.5%) 0.00 153
    2018-09-01 $124,900 (9.1%) $164,355 (8.2%) 0.00 147
    2018-10-01 $123,150 (3.4%) $164,524 (8.7%) 0.00 132
    2018-11-01 $119,200 (-5.0%) $158,550 (3.8%) 0.00 133
    2018-12-01 $121,400 (1.6%) $158,215 (6.4%) 0.00 125
    2019-01-01 $119,900 (-5.0%) $156,514 (2.9%) 0.00 106
    2019-02-01 $122,225 (-1.5%) $150,268 (-0.3%) 0.00 111
    2019-03-01 $133,929 (-0.4%) $162,740 (-0.2%) 0.00 102
    2019-04-01 $139,900 (2.0%) $173,741 (10.1%) 0.00 96
    2019-05-01 $136,175 (0.9%) $179,880 (12.6%) 0.00 113
    2019-06-01 $135,000 (-6.9%) $187,344 (14.2%) 0.00 120
    2019-07-01 $134,925 (-7.7%) $190,859 (13.3%) 0.00 110
    2019-08-01 $138,886 (4.5%) $187,120 (10.7%) 0.00 111
    2019-09-01 $144,716 (15.9%) $179,898 (9.5%) 0.00 113
    2019-10-01 $148,227 (20.4%) $172,465 (4.8%) 0.00 115
    2019-11-01 $140,200 (17.6%) $166,794 (5.2%) 0.00 112
    2019-12-01 $146,700 (20.8%) $171,667 (8.5%) 0.00 100
    2020-01-01 $148,625 (24.0%) $172,734 (10.4%) 0.00 90
    2020-02-01 $139,900 (14.5%) $177,708 (18.3%) 0.00 64
    2020-03-01 $139,000 (3.8%) $183,423 (12.7%) 0.00 63
    2020-04-01 $143,375 (2.5%) $186,396 (7.3%) 0.00 58
    2020-05-01 $159,200 (16.9%) $196,904 (9.5%) 0.00 50
    2020-06-01 $162,225 (20.2%) $209,318 (11.7%) 0.00 46
    2020-07-01 $136,150 (0.9%) $200,551 (5.1%) 0.00 42
    2020-08-01 $143,700 (3.5%) $195,120 (4.3%) 0.00 42
    2020-09-01 $162,400 (12.2%) $192,297 (6.9%) 0.00 41
    2020-10-01 $160,000 (7.9%) $204,158 (18.4%) 0.00 39
    2020-11-01 $145,925 (4.1%) $196,635 (17.9%) 0.00 34
    2020-12-01 $134,900 (-8.0%) $174,572 (1.7%) 0.00 32
    2021-01-01 $139,900 (-5.9%) $186,046 (7.7%) 0.00 31
    2021-02-01 $160,750 (14.9%) $194,018 (9.2%) 0.00 30
    2021-03-01 $175,725 (26.4%) $207,792 (13.3%) 0.00 20
    2021-04-01 $149,400 (4.2%) $181,868 (-2.4%) 0.00 27
    2021-05-01 $144,900 (-9.0%) $222,004 (12.8%) 0.00 26
    2021-06-01 $149,450 (-7.9%) $214,194 (2.3%) 0.00 33
    2021-07-01 $143,750 (5.6%) $200,670 (0.1%) 0.00 37
    2021-08-01 $149,900 (4.3%) $249,888 (28.1%) 0.00 43
    2021-09-01 $148,675 (-8.5%) $230,682 (20.0%) 0.00 48
    2021-10-01 $160,000 (0.0%) $237,649 (16.4%) 0.00 45
    2021-11-01 $185,925 (27.4%) $242,817 (23.5%) 0.00 46
    2021-12-01 $184,350 (36.7%) $246,425 (41.2%) 0.00 44
    2022-01-01 $174,900 (25.0%) $242,719 (30.5%) 0.00 33
    2022-02-01 $170,950 (6.4%) $236,884 (22.1%) 0.00 30
    2022-03-01 $219,900 (25.1%) $244,635 (17.7%) 0.00 22
    2022-04-01 $199,450 (33.5%) $241,966 (33.1%) 0.00 21
    2022-05-01 $214,725 (48.2%) $232,488 (4.7%) 0.00 25
    2022-06-01 $244,950 (63.9%) $245,278 (14.5%) 0.00 29
    2022-07-01 $229,000 (59.3%) $241,847 (20.5%) 0.00 34
    2022-08-01 $209,225 (39.6%) $233,912 (-6.4%) 0.00 43
    2022-09-01 $193,750 (30.3%) $225,117 (-2.4%) 0.00 51
    2022-10-01 $212,000 (32.5%) $229,540 (-3.4%) 0.00 50
    2022-11-01 $189,950 (2.2%) $210,418 (-13.3%) 0.00 55
    2022-12-01 $201,950 (9.6%) $231,947 (-5.9%) 0.00 45
    2023-01-01 $204,900 (17.2%) $237,482 (-2.2%) 0.00 41
    2023-02-01 $184,450 (7.9%) $238,424 (0.7%) 0.00 32
    2023-03-01 $210,000 (-4.5%) $266,429 (8.9%) 0.00 32
    2023-04-01 $204,900 (2.7%) $274,950 (13.6%) 0.00 37
    2023-05-01 $202,400 (-5.7%) $269,958 (16.1%) 0.00 35
    2023-06-01 $260,950 (6.5%) $293,565 (19.7%) 0.00 40
    2023-07-01 $269,900 (17.9%) $290,879 (20.3%) 0.00 44
    2023-08-01 $244,450 (16.8%) $269,655 (15.3%) 0.00 51
    2023-09-01 $254,750 (31.5%) $285,060 (26.6%) 0.00 51
    2023-10-01 $229,225 (8.1%) $265,360 (15.6%) 0.00 56
    2023-11-01 $215,725 (13.6%) $254,374 (20.9%) 0.00 57
    2023-12-01 $222,450 (10.2%) $258,665 (11.5%) 0.00 58
    2024-01-01 $219,750 (7.3%) $249,568 (5.1%) 0.00 57
    2024-02-01 $201,500 (9.2%) $252,324 (5.8%) 0.00 50
    2024-03-01 $227,500 (8.3%) $273,791 (2.8%) 0.00 54
    2024-04-01 $212,400 (3.7%) $273,125 (-0.7%) 0.00 53
    2024-05-01 $238,500 (17.8%) $300,558 (11.3%) 0.00 53
    2024-06-01 $245,000 (-6.1%) $296,733 (1.1%) 0.00 51
    2024-07-01 $234,800 (-13.0%) $271,660 (-6.6%) 0.00 55
    2024-08-01 $231,900 (-5.1%) $268,541 (-0.4%) 0.00 65
    2024-09-01 $229,850 (-9.8%) $273,724 (-4.0%) 0.00 74
    2024-10-01 $240,500 (4.9%) $277,437 (4.6%) 0.00 71
    2024-11-01 $265,750 (23.2%) $297,823 (17.1%) 0.00 61
    Mayfield's median listing price for 2024-11-01 was $265,750, a difference of $50,025 (23.2%) versus the prior year and $25,250 versus the prior month.

    Mayfield's median listing price comes in at 0% of the national average.

    Mayfield's average listing price for 2024-11-01 was $297,823, a difference of $43,449 (17.1%) versus the prior year and $20,386 versus the prior month.

    For the 2024-11-01 period, Mayfield had 61 MLS listings, a difference of -10 listings (-14%) versus the prior month and 4 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mayfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,773 sqft
    2018-02-01 0 days 1,760 sqft
    2018-03-01 0 days 1,875 sqft
    2018-04-01 0 days 1,764 sqft
    2018-05-01 0 days 1,764 sqft
    2018-06-01 0 days 1,786 sqft
    2018-07-01 0 days 1,853 sqft
    2018-08-01 0 days 1,766 sqft
    2018-09-01 0 days 1,698 sqft
    2018-10-01 0 days 1,710 sqft
    2018-11-01 0 days 1,703 sqft
    2018-12-01 0 days 1,700 sqft
    2019-01-01 0 days 1,705 sqft
    2019-02-01 0 days 1,688 sqft
    2019-03-01 0 days 1,743 sqft
    2019-04-01 0 days 1,772 sqft
    2019-05-01 0 days 1,752 sqft
    2019-06-01 0 days 1,817 sqft
    2019-07-01 0 days 1,820 sqft
    2019-08-01 0 days 1,777 sqft
    2019-09-01 0 days 1,799 sqft
    2019-10-01 0 days 1,806 sqft
    2019-11-01 0 days 1,751 sqft
    2019-12-01 0 days 1,901 sqft
    2020-01-01 0 days 1,942 sqft
    2020-02-01 0 days 1,913 sqft
    2020-03-01 0 days 1,882 sqft
    2020-04-01 0 days 1,887 sqft
    2020-05-01 0 days 1,907 sqft
    2020-06-01 0 days 1,900 sqft
    2020-07-01 0 days 1,804 sqft
    2020-08-01 0 days 1,800 sqft
    2020-09-01 0 days 1,858 sqft
    2020-10-01 0 days 1,800 sqft
    2020-11-01 0 days 1,730 sqft
    2020-12-01 0 days 1,613 sqft
    2021-01-01 0 days 1,691 sqft
    2021-02-01 0 days 1,755 sqft
    2021-03-01 0 days 2,000 sqft
    2021-04-01 0 days 1,697 sqft
    2021-05-01 0 days 1,872 sqft
    2021-06-01 0 days 1,801 sqft
    2021-07-01 0 days 1,620 sqft
    2021-08-01 0 days 1,803 sqft
    2021-09-01 0 days 1,791 sqft
    2021-10-01 0 days 1,754 sqft
    2021-11-01 0 days 1,772 sqft
    2021-12-01 0 days 1,847 sqft
    2022-01-01 0 days 1,765 sqft
    2022-02-01 0 days 1,773 sqft
    2022-03-01 0 days 1,663 sqft
    2022-04-01 0 days 1,800 sqft
    2022-05-01 0 days 1,677 sqft
    2022-06-01 0 days 1,746 sqft
    2022-07-01 0 days 1,893 sqft
    2022-08-01 0 days 1,774 sqft
    2022-09-01 0 days 1,774 sqft
    2022-10-01 0 days 1,680 sqft
    2022-11-01 0 days 1,609 sqft
    2022-12-01 0 days 1,735 sqft
    2023-01-01 0 days 1,755 sqft
    2023-02-01 0 days 1,643 sqft
    2023-03-01 0 days 1,639 sqft
    2023-04-01 0 days 1,653 sqft
    2023-05-01 0 days 1,788 sqft
    2023-06-01 0 days 1,944 sqft
    2023-07-01 0 days 1,874 sqft
    2023-08-01 0 days 1,708 sqft
    2023-09-01 0 days 1,792 sqft
    2023-10-01 0 days 1,829 sqft
    2023-11-01 0 days 1,741 sqft
    2023-12-01 0 days 1,776 sqft
    2024-01-01 0 days 1,830 sqft
    2024-02-01 0 days 1,704 sqft
    2024-03-01 0 days 1,738 sqft
    2024-04-01 0 days 1,645 sqft
    2024-05-01 0 days 1,779 sqft
    2024-06-01 0 days 1,791 sqft
    2024-07-01 0 days 1,683 sqft
    2024-08-01 0 days 1,698 sqft
    2024-09-01 0 days 1,815 sqft
    2024-10-01 0 days 1,800 sqft
    2024-11-01 0 days 1,867 sqft
    Mayfield's median listing age (time on market) for 2024-11-01 was 0 days.

    Mayfield's median square footage for active listings during the 2024-11-01 period was 1,867 sqft. One year prior, the average listing was 1,741 sqft.

    Mayfield, KY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 262 $44,590,000 $170,191
    Refi 56 $6,210,000 $110,893
    Other 44 $2,480,000 $56,364
    Home Improvement 41 $2,105,000 $51,341
    Cash Out Refi 35 $4,925,000 $140,714

    Mayfield's most frequently cited loan purpose was Home Purchase, with 262 originations. The 2nd most popular reason was Refi, with 56 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 152 $24,240,000 $159,474
    7-8% 93 $16,275,000 $175,000
    Over 8% 77 $4,685,000 $60,844
    5-6% 41 $7,785,000 $189,878
    3-4% 3 $35,000 $11,667
    4-5% 2 $230,000 $115,000
    <2.5% 1 $5,000 $5,000

    During 2023, Mayfield's most frequently originated rate bucket was 6-7%, with 152 originations.

    Loan Sizing (Mayfield, KY MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 177 $10,065,000 $56,864
    $100k-200k 174 $25,390,000 $145,920
    $200k-400k 78 $20,080,000 $257,436
    $400k-600k 8 $3,820,000 $477,500
    $600k-1000k 1 $955,000 $955,000

    Mayfield's loan sizing saw the bucket of loans from $100,000 or less with 177 originations, totaling $10,065,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 183 $32,545,000 $177,842
    60-80% 62 $10,090,000 $162,742
    20-40% 44 $3,280,000 $74,545
    Under 20% 40 $1,300,000 $32,500
    40-60% 33 $4,515,000 $136,818
    Over 100% 7 $1,525,000 $217,857

    Mayfield's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 183 originations, totaling $32,545,000 in origination value.