Mount Sterling Mortgage Rates & Closing Costs
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% |
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.).
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.