Mount Sterling Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Mount Sterling averaged 6.91% 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 7.34% and one month ago for the week of 2025-05-15, the average rate was 7.11%.

Mount Sterling's average rate one year ago was 7.25%.

For refis of the same type during the week of 2025-06-18, the average rate was 7.21%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-06-18 6.81%
Mount Sterling 30 Year Fixed Rate 2025-06-18 6.91%
Mount Sterling 30 Year Fixed Rate Refi 2025-06-18 7.21%
Mount Sterling 15 Year Fixed Rate 2025-06-18 5.86%
Mount Sterling 15 Year Fixed Rate Refi 2025-06-18 6.16%
Mount Sterling 30 Year FHA 2025-06-18 -0.05%
Mount Sterling 30 Year FHA Refi 2025-06-18 -0.1%
Mount Sterling 30 Year USDA 2025-06-18 0%
Mount Sterling 30 Year USDA Refi 2025-06-18 0.1%
Mount Sterling 30 Year VA 2025-06-18 0.2%
Mount Sterling 30 Year VA Refi 2025-06-18 -0.2%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Mount Sterling, KY.

Mount Sterling 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 Mount Sterling, 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
Traditional Bank, Inc. 22 7.07% $3,193
QUICKEN LOANS, LLC 19 6.87% $6,140
UNITED WHOLESALE MORTGAGE, LLC 10 7.04% $6,594
Peoples Exchange Bank 10 7.02% $2,392
Republic State Mortgage Co. 9 6.61% $7,730
STOCKTON MORTGAGE CORPORATION 7 6.82% $6,297
Community Trust Bank, Inc. 6 6.52% $2,317
Whitaker Bank 6 6.58% $1,993
Farm Credit Mid-America, ACA 5 7.30% $5,948
U.S. Bank 5 7.27% $4,445
NAVY FEDERAL CREDIT UNION 4 6.16% $6,972
Central Bank 4 7.09% $2,437
COMMONWEALTH 3 6.38% $2,326
Stock Yards Bank & Trust Company 3 6.83% $3,047
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.91% $4,823
Bank of England 3 7.46% $8,387
VANDERBILT MORTGAGE AND FINANCE, INC. 3 8.42% $6,972
Truist 2 6.49% $3,325
BROKER SOLUTIONS, INC. 2 8.06% $5,109
CALCON MUTUAL MORTGAGE LLC 2 6.94% $5,077
Century Mortgage Company DBA Century Lending Company 2 6.94% $3,185
EVERETT FINANCIAL, INC. 2 7.06% $4,472
Guardian Savings Bank, A Federal Savings Bank 2 7.19% $2,831
LOANDEPOT.COM, LLC 2 6.93% $5,471
Magnolia Bank 2 6.88% $8,810
MEMBERS HERITAGE Credit Union 2 6.75% $4,530
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.75% $7,192
Mr. Cooper ( Nationstar Mortgage ) 2 7.38% $7,047
NBKC BANK 2 7.00% $4,574
PARK COMMUNITY CREDIT UNION, INC. 2 7.13% $2,778
Prosperity Home Mortgage, LLC 2 7.00% $3,671
The Huntington National Bank 2 7.06% $4,019
21ST MORTGAGE CORPORATION 2 10.03% $3,693
UNION HOME MORTGAGE CORP. 2 6.88% $4,456
Wells Fargo Bank 2 7.19% $7,015
Old National Bank 1 6.38% $3,028
ON Q FINANCIAL, INC. 1 7.63% $3,400
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.38% $4,372
Peoples Bank 1 6.63% $4,461
Flagstar Bank, FSB 1 6.75% $8,231
PLAZA HOME MORTGAGE, INC. 1 7.50% $5,069
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.13% $5,109
Fifth Third Bank 1 6.88% $4,028
RELIANCE FIRST CAPITAL, LLC 1 7.13% $4,954
Republic Bank & Trust Company 1 6.25% $5,076
FBC MORTGAGE, LLC 1 5.88% $3,911
ROYAL UNITED MORTGAGE LLC 1 7.38% $6,028
RUOFF MORTGAGE COMPANY, INC. 1 6.38% $10,085
GUILD MORTGAGE COMPANY 1 7.00% $3,128
Ixonia Bank 1 6.63% $5,591
JPMorgan Chase Bank 1 6.99% $4,762
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.99% $4,828
DESCO 1 6.50% $2,263
AMERISAVE MORTGAGE CORPORATION 1 7.13% $4,152
City National Bank of West Virginia 1 6.45% $1,753
ZILLOW HOME LOANS, LLC 1 6.75% $6,205
GoPrime Mortgage, Inc. 1 7.25% $7,329
AmeriHome Mortgage Company, LLC 1 6.99% $5,697
North American Savings Bank, F.S.B. 1 7.25% $16,348
Northpointe Bank 1 6.63% $4,076

Mount Sterling Average Closing Costs & Other Stats

Mount Sterling, KY's 60 lenders originated 881 loans during 2024. The total origination value was $140,935,000, with an average loan value of $159,972.

Mount Sterling's average closing costs are $4,637.

The top Mount Sterling lender as defined by loan originations is Traditional Bank, Inc., with 22 loans originated. Their average total fees are $3,193, which is $2,947 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Mount Sterling lenders (with over 10 loans originated) are Peoples Exchange Bank ($2,392), Traditional Bank, Inc. ($3,193), QUICKEN LOANS, LLC ($6,140), UNITED WHOLESALE MORTGAGE, LLC ($6,594) and .

The lowest rate Mount Sterling lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.87%), Peoples Exchange Bank (7.02%), UNITED WHOLESALE MORTGAGE, LLC (7.04%), Traditional Bank, Inc. (7.07%) and .

Mount Sterling, 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
Traditional Bank, Inc. $14,375,000 $15,155,000 5.4% 10.8%
Peoples Exchange Bank $2,800,000 $11,020,000 293.6% 7.8%
Republic State Mortgage Co. $8,740,000 $9,120,000 4.3% 6.5%
QUICKEN LOANS, LLC $6,750,000 $8,030,000 19.0% 5.7%
Community Trust Bank, Inc. $7,025,000 $6,715,000 -4.4% 4.8%
Mortgage Research Center, LLC $4,665,000 $6,510,000 39.5% 4.6%
UNITED WHOLESALE MORTGAGE, LLC $1,565,000 $5,270,000 236.7% 3.7%
UNION HOME MORTGAGE CORP. $5,965,000 $4,275,000 -28.3% 3.0%
STOCKTON MORTGAGE CORPORATION $2,330,000 $3,900,000 67.4% 2.8%
Whitaker Bank $3,785,000 $3,620,000 -4.4% 2.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $3,680,000 $2,760,000 -25.0% 2.0%
Stock Yards Bank & Trust Company $2,440,000 $2,690,000 10.2% 1.9%
Farm Credit Mid-America, ACA $2,080,000 $2,540,000 22.1% 1.8%
U.S. Bank $1,000,000 $2,505,000 150.5% 1.8%
Bank of England $1,090,000 $2,465,000 126.1% 1.7%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $2,715,000 $1,940,000 -28.5% 1.4%
BROKER SOLUTIONS, INC. $300,000 $1,905,000 535.0% 1.4%
FREEDOM MORTGAGE CORPORATION $750,000 $1,840,000 145.3% 1.3%
Mr. Cooper ( Nationstar Mortgage ) $770,000 $1,775,000 130.5% 1.3%
UNIVERSITY OF KENTUCKY $495,000 $1,735,000 250.5% 1.2%
Prosperity Home Mortgage, LLC $1,095,000 $1,610,000 47.0% 1.1%
EVERETT FINANCIAL, INC. $490,000 $1,455,000 196.9% 1.0%
CROSSCOUNTRY MORTGAGE, LLC $510,000 $1,315,000 157.8% 0.9%
NAVY FEDERAL CREDIT UNION $385,000 $1,200,000 211.7% 0.9%
MORTGAGE SOLUTIONS OF COLORADO, LLC $85,000 $1,145,000 1,247.1% 0.8%
PENNYMAC LOAN SERVICES, LLC $865,000 $1,125,000 30.1% 0.8%
LOANDEPOT.COM, LLC $285,000 $1,085,000 280.7% 0.8%
21ST MORTGAGE CORPORATION $630,000 $1,050,000 66.7% 0.7%
Central Bank $530,000 $995,000 87.7% 0.7%
Fifth Third Bank $340,000 $945,000 177.9% 0.7%
T2 FINANCIAL LLC $940,000 n/a 0.7%
COMMONWEALTH $1,155,000 $880,000 -23.8% 0.6%
Guardian Savings Bank, A Federal Savings Bank $620,000 $815,000 31.5% 0.6%
NEWREZ LLC $1,140,000 $810,000 -28.9% 0.6%
DAS Acquisition Company, LLC $525,000 $710,000 35.2% 0.5%
GENEVA FINANCIAL, LLC $2,450,000 $700,000 -71.4% 0.5%
PLANET HOME LENDING, LLC $105,000 $660,000 528.6% 0.5%
Carrington Mortgage Services, LLC $560,000 $615,000 9.8% 0.4%
First Grayson Bank $635,000 $570,000 -10.2% 0.4%
Magnolia Bank $570,000 n/a 0.4%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $300,000 $560,000 86.7% 0.4%
Equity Prime Mortgage LLC $350,000 $545,000 55.7% 0.4%
City National Bank of West Virginia $2,395,000 $535,000 -77.7% 0.4%
MEMBERS HERITAGE Credit Union $520,000 $520,000 0.0% 0.4%
VILLAGE CAPITAL MORTGAGE $330,000 $490,000 48.5% 0.3%
RUOFF MORTGAGE COMPANY, INC. $170,000 $480,000 182.4% 0.3%
Bank of Lexington, Inc. $475,000 n/a 0.3%
ZILLOW HOME LOANS, LLC $125,000 $475,000 280.0% 0.3%
NEW DAY FINANCIAL, LLC $610,000 $465,000 -23.8% 0.3%
The Farmers Bank $465,000 n/a 0.3%
MID AMERICA MORTGAGE, INC. $440,000 n/a 0.3%
The Huntington National Bank $75,000 $435,000 480.0% 0.3%
Ixonia Bank $430,000 n/a 0.3%
Truist $275,000 $430,000 56.4% 0.3%
North American Savings Bank, F.S.B. $415,000 n/a 0.3%
GoPrime Mortgage, Inc. $635,000 $410,000 -35.4% 0.3%
SWBC MORTGAGE CORPORATION $410,000 n/a 0.3%
FirstBank $65,000 $400,000 515.4% 0.3%
Wells Fargo Bank $105,000 $390,000 271.4% 0.3%
Northpointe Bank $510,000 $385,000 -24.5% 0.3%
JPMorgan Chase Bank $1,140,000 $380,000 -66.7% 0.3%
Century Mortgage Company DBA Century Lending Company $1,420,000 $375,000 -73.6% 0.3%
First Financial Bank $185,000 $375,000 102.7% 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $365,000 n/a 0.3%
First Guaranty Bank $355,000 n/a 0.3%
NORWICH COMMERCIAL GROUP, INC. $345,000 n/a 0.2%
Peoples Bank $130,000 $345,000 165.4% 0.2%
Paramount Residential Mortgage Group, Inc. $340,000 n/a 0.2%
RELIANCE FIRST CAPITAL, LLC $195,000 $340,000 74.4% 0.2%
AMERISAVE MORTGAGE CORPORATION $630,000 $335,000 -46.8% 0.2%
Wilson & Muir Bank & Trust Company $335,000 n/a 0.2%
TOP FLITE FINANCIAL, INC. $330,000 n/a 0.2%
DESCO $325,000 n/a 0.2%
Forcht Bank $275,000 n/a 0.2%
HOMESIDE FINANCIAL, LLC $1,000,000 $275,000 -72.5% 0.2%
Plains Commerce Bank $275,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $475,000 $270,000 -43.2% 0.2%
AmRes Corporation $265,000 n/a 0.2%
Barrington Bank & Trust Company, N.A. $355,000 $255,000 -28.2% 0.2%
PARK COMMUNITY CREDIT UNION, INC. $460,000 $245,000 -46.7% 0.2%
Citizens Bank $220,000 $230,000 4.5% 0.2%
Republic Bank & Trust Company $225,000 n/a 0.2%
USAA Federal Savings Bank $445,000 $225,000 -49.4% 0.2%
NBKC BANK $195,000 $220,000 12.8% 0.2%
RESIDENTIAL BANCORP $220,000 n/a 0.2%
SUN WEST MORTGAGE COMPANY, INC. $145,000 $220,000 51.7% 0.2%
CALCON MUTUAL MORTGAGE LLC $200,000 n/a 0.1%
Old National Bank $195,000 n/a 0.1%
SOUTH CENTRAL BANK, INC. $780,000 $195,000 -75.0% 0.1%
BAY EQUITY LLC $185,000 n/a 0.1%
FBC MORTGAGE, LLC $185,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $300,000 $180,000 -40.0% 0.1%
Flagstar Bank, FSB $525,000 $175,000 -66.7% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $690,000 $175,000 -74.6% 0.1%
Citizens Bank of Kentucky, Inc. $165,000 n/a 0.1%
DEEPHAVEN MORTGAGE LLC $165,000 n/a 0.1%
TJC Mortgage, Inc. $165,000 n/a 0.1%
GUILD MORTGAGE COMPANY $155,000 n/a 0.1%
MOVEMENT MORTGAGE, LLC $245,000 $155,000 -36.7% 0.1%
CARDINAL FINANCIAL $735,000 $145,000 -80.3% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $145,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $145,000 $135,000 -6.9% 0.1%
PLAZA HOME MORTGAGE, INC. $135,000 n/a 0.1%
EVANSVILLE TEACHERS $275,000 $130,000 -52.7% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $200,000 $125,000 -37.5% 0.1%
Discover Bank $160,000 $120,000 -25.0% 0.1%
ON Q FINANCIAL, INC. $115,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $320,000 $115,000 -64.1% 0.1%
CITY FIRST MORTGAGE SERVICES, L.L.C. $85,000 n/a 0.1%
CMG MORTGAGE, INC. $395,000 $85,000 -78.5% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $75,000 n/a 0.1%
EUSTIS AND AMERICAN MORTGAGE COMPANY $75,000 n/a 0.1%
L & N Federal Credit Union $75,000 n/a 0.1%
Nations Lending Corporation $105,000 $75,000 -28.6% 0.1%
MYCUMORTGAGE, LLC $55,000 n/a 0.0%
PNC Bank $840,000 $25,000 -97.0% 0.0%
Coastal Community Bank $35,000 $15,000 -57.1% 0.0%

Mount Sterling's top lender by overall market share is Traditional Bank, Inc., with 10.8% market share. In second place, with 7.8%, is Peoples Exchange Bank, having originated $11,020,000 in loans. In third place, with 6.5%, is Republic State Mortgage Co., having originated $9,120,000 in loans. In fourth place, with 5.7%, is QUICKEN LOANS, LLC, having originated $8,030,000 in loans. In fifth place, with 4.8%, is Community Trust Bank, Inc., having originated $6,715,000 in loans.

Mount Sterling, KY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 485 $95,155,000 $196,196
Refi 143 $19,765,000 $138,217
Cash Out Refi 90 $14,060,000 $156,222
Home Improvement 87 $5,915,000 $67,989
Other 76 $6,040,000 $79,474

Mount Sterling's most frequently cited loan purpose was Home Purchase, with 485 originations. The 2nd most popular reason was Refi, with 143 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 315 $69,015,000 $219,095
Over 8% 212 $18,320,000 $86,415
7-8% 183 $30,265,000 $165,383
5-6% 73 $13,985,000 $191,575
3-4% 25 $265,000 $10,600
2.5-3% 5 $485,000 $97,000
4-5% 2 $580,000 $290,000
<2.5% 1 $5,000 $5,000

During 2024, Mount Sterling's most frequently originated rate bucket was 6-7%, with 315 originations.

Loan Sizing (Mount Sterling, KY MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 322 $17,300,000 $53,727
$100k-200k 319 $47,085,000 $147,602
$200k-400k 208 $54,500,000 $262,019
$400k-600k 27 $12,645,000 $468,333
$600k-1000k 4 $2,840,000 $710,000
$Over $1MM 1 $6,565,000 $6,565,000

Mount Sterling's loan sizing saw the bucket of loans from $100,000 or less with 322 originations, totaling $17,300,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 330 $66,760,000 $202,303
60-80% 141 $32,795,000 $232,589
20-40% 134 $10,490,000 $78,284
Under 20% 101 $3,465,000 $34,307
40-60% 71 $10,165,000 $143,169
Over 100% 23 $5,405,000 $235,000

Mount Sterling's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 330 originations, totaling $66,760,000 in origination value.