Mayfield Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Mayfield averaged 7.05% for the week of 2025-06-18, compared to the national average of 6.81% for the same period.

The average rate for the prior week (2025-06-12) was 7.28% and one month ago for the week of 2025-05-15, the average rate was 6.95%.

Mayfield's average rate one year ago was 7.49%.

For refis of the same type during the week of 2025-06-18, the average rate was 6.71%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-06-18 6.81%
Mayfield 30 Year Fixed Rate 2025-06-18 7.05%
Mayfield 30 Year Fixed Rate Refi 2025-06-18 6.71%
Mayfield 15 Year Fixed Rate 2025-06-18 5.76%
Mayfield 15 Year Fixed Rate Refi 2025-06-18 6.46%
Mayfield 30 Year FHA 2025-06-18 0.15%
Mayfield 30 Year FHA Refi 2025-06-18 -0.1%
Mayfield 30 Year USDA 2025-06-18 -0.2%
Mayfield 30 Year USDA Refi 2025-06-18 -0.2%
Mayfield 30 Year VA 2025-06-18 0.1%
Mayfield 30 Year VA Refi 2025-06-18 0%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Magnolia Bank 18 6.74% $3,091
U.S. Bank 14 6.93% $2,973
GERSHMAN INVESTMENT CORP. 13 6.89% $3,390
QUICKEN LOANS, LLC 12 6.89% $5,157
Independence Bank of Kentucky 11 6.92% $2,841
Regions Bank 9 7.28% $3,524
River Valley AgCredit, ACA 6 7.00% $6,557
UNITED WHOLESALE MORTGAGE, LLC 6 6.85% $5,055
21ST MORTGAGE CORPORATION 4 9.25% $6,232
STOCKTON MORTGAGE CORPORATION 3 7.63% $3,695
LOANDEPOT.COM, LLC 3 6.70% $6,256
UNION HOME MORTGAGE CORP. 2 6.75% $2,931
Carrington Mortgage Services, LLC 2 6.88% $5,182
VANDERBILT MORTGAGE AND FINANCE, INC. 2 8.50% $5,560
The Huntington National Bank 2 7.25% $2,124
Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $8,844
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.49% $2,304
Nations Lending Corporation 1 6.63% $5,424
NAVY FEDERAL CREDIT UNION 1 7.38% $4,013
ROYAL UNITED MORTGAGE LLC 1 7.63% $7,920
Truist 1 6.99% $3,103
ZILLOW HOME LOANS, LLC 1 7.13% $6,658
AgFirst Farm Credit Bank 1 7.88% $3,782
AMERISAVE MORTGAGE CORPORATION 1 7.50% $3,878
Barrington Bank & Trust Company, N.A. 1 6.99% $3,125
CapStar Bank 1 6.49% $3,297
EVERETT FINANCIAL, INC. 1 6.75% $7,465
First Citizens National Bank 1 6.75% $2,965
FirstTrust Home Loans, Inc. 1 6.49% $2,810
Fortera Federal Credit Union 1 6.88% $3,465
FREEDOM MORTGAGE CORPORATION 1 6.88% $3,363
GUARANTEED RATE, INC. 1 7.13% $4,022
GUILD MORTGAGE COMPANY 1 6.88% $5,398
JPMorgan Chase Bank 1 7.13% $5,731
Morgantown Bank & Trust Company, Incorporated 1 7.38% $3,063
Mortgage Research Center, LLC 1 7.63% $1,820

Mayfield Average Closing Costs & Other Stats

Mayfield, KY's 36 lenders originated 531 loans during 2024. The total origination value was $79,205,000, with an average loan value of $149,162.

Mayfield's average closing costs are $4,407.

The top Mayfield lender as defined by loan originations is Magnolia Bank, with 18 loans originated. Their average total fees are $3,091, which is $118 higher than the next largest lender, U.S. Bank.

The lowest fee Mayfield lenders (with over 10 loans originated) are Independence Bank of Kentucky ($2,841), U.S. Bank ($2,973), Magnolia Bank ($3,091), GERSHMAN INVESTMENT CORP. ($3,390) and QUICKEN LOANS, LLC ($5,157).

The lowest rate Mayfield lenders (with over 10 loans originated) are Magnolia Bank (6.74%), QUICKEN LOANS, LLC (6.89%), GERSHMAN INVESTMENT CORP. (6.89%), Independence Bank of Kentucky (6.92%) and U.S. Bank (6.93%).

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
U.S. Bank $5,745,000 $5,605,000 -2.4% 7.1%
QUICKEN LOANS, LLC $2,735,000 $5,455,000 99.5% 6.9%
GERSHMAN INVESTMENT CORP. $3,300,000 $5,060,000 53.3% 6.4%
FNB Bank, Inc. $4,360,000 $4,820,000 10.6% 6.1%
Magnolia Bank $2,525,000 $4,700,000 86.1% 5.9%
Independence Bank of Kentucky $4,340,000 $4,305,000 -0.8% 5.4%
Mortgage Research Center, LLC $2,630,000 $3,990,000 51.7% 5.0%
UNITED WHOLESALE MORTGAGE, LLC $2,445,000 $3,555,000 45.4% 4.5%
Regions Bank $2,975,000 $3,250,000 9.2% 4.1%
The Paducah Bank and Trust Company $2,010,000 $1,940,000 -3.5% 2.4%
LOANDEPOT.COM, LLC $1,820,000 n/a 2.3%
River Valley AgCredit, ACA $2,790,000 $1,815,000 -34.9% 2.3%
STOCKTON MORTGAGE CORPORATION $3,740,000 $1,770,000 -52.7% 2.2%
21ST MORTGAGE CORPORATION $280,000 $1,390,000 396.4% 1.8%
EVERETT FINANCIAL, INC. $1,145,000 $1,105,000 -3.5% 1.4%
FREEDOM MORTGAGE CORPORATION $1,070,000 n/a 1.4%
RUOFF MORTGAGE COMPANY, INC. $1,290,000 $1,030,000 -20.2% 1.3%
TOWNE MORTGAGE COMPANY $855,000 n/a 1.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $975,000 $805,000 -17.4% 1.0%
NAVY FEDERAL CREDIT UNION $610,000 $760,000 24.6% 1.0%
CROSSCOUNTRY MORTGAGE, LLC $295,000 $755,000 155.9% 1.0%
PENNYMAC LOAN SERVICES, LLC $765,000 $575,000 -24.8% 0.7%
USAA Federal Savings Bank $195,000 $530,000 171.8% 0.7%
UNION HOME MORTGAGE CORP. $500,000 n/a 0.6%
Mr. Cooper ( Nationstar Mortgage ) $270,000 $470,000 74.1% 0.6%
AgFirst Farm Credit Bank $585,000 $420,000 -28.2% 0.5%
TOP FLITE FINANCIAL, INC. $95,000 $420,000 342.1% 0.5%
MUTUAL OF OMAHA MORTGAGE, INC. $235,000 $380,000 61.7% 0.5%
The Huntington National Bank $350,000 n/a 0.4%
JPMorgan Chase Bank $660,000 $325,000 -50.8% 0.4%
PLAZA HOME MORTGAGE, INC. $215,000 $320,000 48.8% 0.4%
VILLAGE CAPITAL MORTGAGE $320,000 n/a 0.4%
ZILLOW HOME LOANS, LLC $320,000 n/a 0.4%
CIS Financial Services, Inc. $165,000 $300,000 81.8% 0.4%
Carrington Mortgage Services, LLC $260,000 $290,000 11.5% 0.4%
ENVOY MORTGAGE, LTD $275,000 n/a 0.3%
LAKEVIEW LOAN SERVICING, LLC $205,000 $265,000 29.3% 0.3%
First Financial Bank $285,000 $255,000 -10.5% 0.3%
MOVEMENT MORTGAGE, LLC $135,000 $255,000 88.9% 0.3%
Discover Bank $205,000 $250,000 22.0% 0.3%
AMERISAVE MORTGAGE CORPORATION $505,000 $245,000 -51.5% 0.3%
GUARANTEED RATE, INC. $390,000 $245,000 -37.2% 0.3%
T2 FINANCIAL LLC $235,000 n/a 0.3%
1ST SIGNATURE LENDING, LLC $225,000 n/a 0.3%
CapStar Bank $195,000 $205,000 5.1% 0.3%
Century Mortgage Company DBA Century Lending Company $200,000 n/a 0.3%
ROYAL UNITED MORTGAGE LLC $835,000 $200,000 -76.0% 0.3%
Waterstone Mortgage Corporation $185,000 n/a 0.2%
EMM LOANS LLC $215,000 $175,000 -18.6% 0.2%
The Federal Savings Bank $165,000 $175,000 6.1% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $165,000 n/a 0.2%
CARDINAL FINANCIAL $175,000 $160,000 -8.6% 0.2%
AMERICAN FINANCING CORPORATION $155,000 n/a 0.2%
PLANET HOME LENDING, LLC $155,000 n/a 0.2%
FirstBank $175,000 $150,000 -14.3% 0.2%
GUILD MORTGAGE COMPANY $145,000 n/a 0.2%
Morgantown Bank & Trust Company, Incorporated $145,000 n/a 0.2%
NEW DAY FINANCIAL, LLC $105,000 $145,000 38.1% 0.2%
Old Missouri Bank $145,000 n/a 0.2%
Truist $245,000 $145,000 -40.8% 0.2%
Fortera Federal Credit Union $135,000 n/a 0.2%
NBKC BANK $135,000 n/a 0.2%
LONGBRIDGE FINANCIAL, LLC $125,000 n/a 0.2%
FINANCE OF AMERICA REVERSE LLC $115,000 n/a 0.1%
ATLANTA POSTAL $105,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $105,000 n/a 0.1%
First Citizens National Bank $105,000 n/a 0.1%
Northpointe Bank $105,000 n/a 0.1%
Pinnacle Bank $105,000 n/a 0.1%
NEWREZ LLC $85,000 n/a 0.1%
Nations Lending Corporation $75,000 n/a 0.1%
Renasant Bank $325,000 $75,000 -76.9% 0.1%
Equity Prime Mortgage LLC $65,000 n/a 0.1%
Bank of America $55,000 n/a 0.1%
FirstTrust Home Loans, Inc. $1,025,000 $45,000 -95.6% 0.1%
Barrington Bank & Trust Company, N.A. $35,000 n/a 0.0%
Coastal Community Bank $140,000 $15,000 -89.3% 0.0%

Mayfield's top lender by overall market share is U.S. Bank, with 7.1% market share. In second place, with 6.9%, is QUICKEN LOANS, LLC, having originated $5,455,000 in loans. In third place, with 6.4%, is GERSHMAN INVESTMENT CORP., having originated $5,060,000 in loans. In fourth place, with 6.1%, is FNB Bank, Inc., having originated $4,820,000 in loans. In fifth place, with 5.9%, is Magnolia Bank, having originated $4,700,000 in loans.

Mayfield, KY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 321 $53,655,000 $167,150
Refi 80 $12,180,000 $152,250
Cash Out Refi 54 $7,740,000 $143,333
Home Improvement 41 $2,845,000 $69,390
Other 35 $2,785,000 $79,571

Mayfield's most frequently cited loan purpose was Home Purchase, with 321 originations. The 2nd most popular reason was Refi, with 80 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 191 $32,975,000 $172,644
7-8% 92 $13,630,000 $148,152
Over 8% 70 $5,910,000 $84,429
5-6% 45 $7,845,000 $174,333
3-4% 15 $105,000 $7,000
4-5% 2 $530,000 $265,000
<2.5% 1 $5,000 $5,000

During 2024, Mayfield's most frequently originated rate bucket was 6-7%, with 191 originations.

Loan Sizing (Mayfield, KY MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 233 $34,075,000 $146,245
$100,000 or less 176 $9,510,000 $54,034
$200k-400k 110 $29,020,000 $263,818
$400k-600k 8 $3,710,000 $463,750
$600k-1000k 3 $1,865,000 $621,667
$Over $1MM 1 $1,025,000 $1,025,000

Mayfield's loan sizing saw the bucket of loans from $100k-200k with 233 originations, totaling $34,075,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 213 $38,845,000 $182,371
60-80% 71 $10,355,000 $145,845
20-40% 45 $3,505,000 $77,889
Under 20% 36 $820,000 $22,778
40-60% 35 $4,185,000 $119,571
Over 100% 7 $1,585,000 $226,429

Mayfield's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 213 originations, totaling $38,845,000 in origination value.