Maysville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Maysville averaged
6.89%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.92% and
one month ago for the week of 2024-10-03, the
average rate was 5.92%.
Maysville's average rate one year ago was 7.66%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.69%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Maysville 30 Year Fixed Rate | 2024-11-07 | 6.89% |
| Maysville 30 Year Fixed Rate Refi | 2024-11-07 | 6.69% |
| Maysville 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Maysville 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Maysville 30 Year FHA | 2024-11-07 | 6.53% |
| Maysville 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Maysville 30 Year USDA | 2024-11-07 | 6.28% |
| Maysville 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Maysville 30 Year VA | 2024-11-07 | 6.44% |
| Maysville 30 Year VA Refi | 2024-11-07 | 6.44% |
Maysville 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 Maysville, 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 |
|---|---|---|---|
| U.S. Bank | 10 | 7.02% | $3,007 |
| Peoples Bank | 5 | 7.40% | $2,567 |
| S1L, Inc. | 3 | 6.38% | $4,891 |
| QUICKEN LOANS, LLC | 3 | 7.25% | $5,745 |
| Pathways Financial Credit Union, Inc. | 2 | 6.56% | $3,508 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 8.25% | $4,998 |
| JPMorgan Chase Bank | 1 | 7.38% | $1,024 |
| MEMBERS HERITAGE Credit Union | 1 | 6.88% | $5,552 |
| Nations Lending Corporation | 1 | 5.88% | $4,748 |
| NAVY FEDERAL CREDIT UNION | 1 | 7.63% | $3,768 |
| Sharefax Credit Union | 1 | 6.63% | $0 |
| STOCKTON MORTGAGE CORPORATION | 1 | 7.38% | $8,837 |
| THRIVE MORTGAGE, LLC | 1 | 6.88% | $6,713 |
| Truist | 1 | 7.88% | $4,034 |
| UNION HOME MORTGAGE CORP. | 1 | 8.50% | $2,442 |
| VANDERBILT MORTGAGE AND FINANCE, INC. | 1 | 7.75% | $7,225 |
| AMCAP MORTGAGE, LTD. | 1 | 6.88% | $3,751 |
| Warsaw Federal Savings and Loan Association | 1 | 7.25% | $2,142 |
| Central Bank | 1 | 6.50% | $4,395 |
| Farm Credit Mid-America, ACA | 1 | 7.38% | $6,109 |
| Fifth Third Bank | 1 | 6.88% | $4,065 |
| First State Bank | 1 | 6.50% | $2,220 |
| Guardian Savings Bank, A Federal Savings Bank | 1 | 6.75% | $3,164 |
Maysville Average Closing Costs & Other Stats
Maysville, KY's 23 lenders originated 207
loans during 2023. The total origination value was $27,555,000, with an average loan value of
$133,116.
Maysville's average closing costs are $4,593.
The top Maysville lender as defined by loan originations is U.S. Bank, with
10 loans originated. Their average total fees are
$3,007, which is $439
higher than the next largest lender,
Peoples Bank.
The lowest fee Maysville lenders (with over 10 loans originated) are
U.S. Bank ($3,007), .
The lowest rate Maysville lenders (with over 10 loans originated) are
U.S. Bank (7.02%), .
Maysville, 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 | $4,080,000 | $3,370,000 | -17.4% | 12.2% |
| QUICKEN LOANS, LLC | $3,745,000 | $2,055,000 | -45.1% | 7.5% |
| Peoples Bank | $2,275,000 | $1,925,000 | -15.4% | 7.0% |
| S1L, Inc. | $160,000 | $875,000 | 446.9% | 3.2% |
| STOCKTON MORTGAGE CORPORATION | $670,000 | $825,000 | 23.1% | 3.0% |
| Equity Prime Mortgage LLC | $1,005,000 | $810,000 | -19.4% | 2.9% |
| Carrington Mortgage Services, LLC | $925,000 | $805,000 | -13.0% | 2.9% |
| PENNYMAC LOAN SERVICES, LLC | $625,000 | $785,000 | 25.6% | 2.8% |
| DAS Acquisition Company, LLC | $510,000 | $645,000 | 26.5% | 2.3% |
| Farm Credit Mid-America, ACA | $500,000 | $595,000 | 19.0% | 2.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $495,000 | $595,000 | 20.2% | 2.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $555,000 | n/a | 2.0% | |
| Community Trust Bank, Inc. | $1,135,000 | $515,000 | -54.6% | 1.9% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $485,000 | n/a | 1.8% | |
| Pathways Financial Credit Union, Inc. | $1,090,000 | $430,000 | -60.6% | 1.6% |
| SOUTHWEST STAGE FUNDING, LLC | $410,000 | n/a | 1.5% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $75,000 | $390,000 | 420.0% | 1.4% |
| JPMorgan Chase Bank | $135,000 | $390,000 | 188.9% | 1.4% |
| First Federal Bank of the Midwest | $385,000 | n/a | 1.4% | |
| THRIVE MORTGAGE, LLC | $335,000 | n/a | 1.2% | |
| The First National Bank of Brooksville | $325,000 | n/a | 1.2% | |
| LOANDEPOT.COM, LLC | $505,000 | $320,000 | -36.6% | 1.2% |
| Fifth Third Bank | $915,000 | $295,000 | -67.8% | 1.1% |
| Mortgage Research Center, LLC | $1,520,000 | $295,000 | -80.6% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $660,000 | $260,000 | -60.6% | 0.9% |
| Union Savings Bank | $65,000 | $235,000 | 261.5% | 0.9% |
| MEMBERS HERITAGE Credit Union | $225,000 | n/a | 0.8% | |
| The Huntington National Bank | $435,000 | $225,000 | -48.3% | 0.8% |
| First State Bank | $220,000 | n/a | 0.8% | |
| Warsaw Federal Savings and Loan Association | $205,000 | n/a | 0.7% | |
| BROKER SOLUTIONS, INC. | $135,000 | $195,000 | 44.4% | 0.7% |
| Guardian Savings Bank, A Federal Savings Bank | $335,000 | $195,000 | -41.8% | 0.7% |
| TRIAD FINANCIAL SERVICES, INC. | $175,000 | n/a | 0.6% | |
| LENDINGONE, LLC | $75,000 | $165,000 | 120.0% | 0.6% |
| Central Bank | $235,000 | $160,000 | -31.9% | 0.6% |
| AMCAP MORTGAGE, LTD. | $155,000 | n/a | 0.6% | |
| MORTGAGE INVESTORS GROUP, INC. | $155,000 | n/a | 0.6% | |
| Stock Yards Bank & Trust Company | $375,000 | $150,000 | -60.0% | 0.5% |
| First Guaranty Bank | $145,000 | n/a | 0.5% | |
| COMMONWEALTH | $85,000 | $140,000 | 64.7% | 0.5% |
| UNION HOME MORTGAGE CORP. | $770,000 | $140,000 | -81.8% | 0.5% |
| AXIA FINANCIAL, LLC | $135,000 | n/a | 0.5% | |
| AMERISAVE MORTGAGE CORPORATION | $615,000 | $125,000 | -79.7% | 0.5% |
| LIBERTY HOME MORTGAGE CORPORATION | $125,000 | n/a | 0.5% | |
| Nations Lending Corporation | $185,000 | $115,000 | -37.8% | 0.4% |
| Coastal Community Bank | $105,000 | n/a | 0.4% | |
| LONGBRIDGE FINANCIAL, LLC | $105,000 | n/a | 0.4% | |
| ROYAL UNITED MORTGAGE LLC | $95,000 | $105,000 | 10.5% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $445,000 | $95,000 | -78.7% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $45,000 | $70,000 | 55.6% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $65,000 | n/a | 0.2% | |
| MYCUMORTGAGE, LLC | $65,000 | n/a | 0.2% | |
| Truist | $35,000 | $65,000 | 85.7% | 0.2% |
| 21ST MORTGAGE CORPORATION | $55,000 | n/a | 0.2% | |
| First Financial Bank | $55,000 | n/a | 0.2% | |
| City National Bank of West Virginia | $70,000 | $45,000 | -35.7% | 0.2% |
| UNIVERSITY OF KENTUCKY | $15,000 | $45,000 | 200.0% | 0.2% |
| First Commonwealth Bank | $35,000 | n/a | 0.1% | |
| Sharefax Credit Union | $25,000 | n/a | 0.1% | |
| Whitaker Bank | $25,000 | $25,000 | 0.0% | 0.1% |
Maysville's top lender by overall market share is U.S. Bank, with 12.2% market share. In second place, with 7.5%, is QUICKEN LOANS, LLC, having originated $2,055,000 in loans. In third place, with 7.0%, is Peoples Bank, having originated $1,925,000 in loans. In fourth place, with 3.2%, is S1L, Inc., having originated $875,000 in loans. In fifth place, with 3.0%, is STOCKTON MORTGAGE CORPORATION, having originated $825,000 in loans.
Maysville, KY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 123 | $19,555,000 | $158,984 |
| Home Improvement | 31 | $1,905,000 | $61,452 |
| Other | 19 | $925,000 | $48,684 |
| Cash Out Refi | 19 | $2,825,000 | $148,684 |
| Refi | 15 | $2,345,000 | $156,333 |
Maysville's most frequently cited loan purpose was Home Purchase, with 123 originations. The 2nd most popular reason was Home Improvement, with 31 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 57 | $8,905,000 | $156,228 |
| 7-8% | 53 | $7,965,000 | $150,283 |
| Over 8% | 34 | $3,000,000 | $88,235 |
| 5-6% | 14 | $2,120,000 | $151,429 |
| 3-4% | 8 | $370,000 | $46,250 |
| 4-5% | 3 | $235,000 | $78,333 |
During 2023, Maysville's most frequently originated rate bucket was 6-7%, with 57 originations.
Loan Sizing (Maysville, KY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 86 | $4,300,000 | $50,000 |
| $100k-200k | 79 | $11,505,000 | $145,633 |
| $200k-400k | 37 | $9,535,000 | $257,703 |
| $400k-600k | 5 | $2,215,000 | $443,000 |
Maysville's loan sizing saw the bucket of loans from $100,000 or less with 86 originations, totaling $4,300,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 86 | $14,430,000 | $167,791 |
| 60-80% | 23 | $3,435,000 | $149,348 |
| 20-40% | 22 | $1,710,000 | $77,727 |
| Under 20% | 20 | $680,000 | $34,000 |
| 40-60% | 11 | $1,275,000 | $115,909 |
| Over 100% | 3 | $635,000 | $211,667 |
Maysville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 86 originations, totaling $14,430,000 in origination value.