Paducah Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Paducah averaged 7% 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 6.73% and one month ago for the week of 2025-05-15, the average rate was 6.9%.

Paducah's average rate one year ago was 7.14%.

For refis of the same type during the week of 2025-06-18, the average rate was 7.41%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-06-18 6.81%
Paducah 30 Year Fixed Rate 2025-06-18 7%
Paducah 30 Year Fixed Rate Refi 2025-06-18 7.41%
Paducah 15 Year Fixed Rate 2025-06-18 5.86%
Paducah 15 Year Fixed Rate Refi 2025-06-18 6.16%
Paducah 30 Year FHA 2025-06-18 0.18%
Paducah 30 Year FHA Refi 2025-06-18 -0.2%
Paducah 30 Year USDA 2025-06-18 0.2%
Paducah 30 Year USDA Refi 2025-06-18 0.1%
Paducah 30 Year VA 2025-06-18 0.44%
Paducah 30 Year VA Refi 2025-06-18 -0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Paducah, KY-IL.

Paducah 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 Paducah, KY-IL 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
GERSHMAN INVESTMENT CORP. 34 6.68% $3,554
QUICKEN LOANS, LLC 30 6.81% $5,242
U.S. Bank 27 6.79% $3,820
Independence Bank of Kentucky 27 6.66% $3,338
UNITED WHOLESALE MORTGAGE, LLC 26 6.73% $5,162
Regions Bank 23 6.88% $3,620
STOCKTON MORTGAGE CORPORATION 18 6.98% $4,915
EVERETT FINANCIAL, INC. 16 7.01% $4,723
Community Mortgage Banc Corporation 16 6.59% $3,156
Old National Bank 12 6.21% $3,636
Magnolia Bank 12 6.82% $3,487
JPMorgan Chase Bank 6 6.79% $3,407
NAVY FEDERAL CREDIT UNION 6 7.00% $3,596
VANDERBILT MORTGAGE AND FINANCE, INC. 6 7.93% $5,583
Wells Fargo Bank 6 6.75% $4,979
RUOFF MORTGAGE COMPANY, INC. 5 7.08% $3,497
Truist 5 6.86% $4,231
SIU 4 5.94% $1,972
UNION HOME MORTGAGE CORP. 4 6.84% $3,305
DAS Acquisition Company, LLC 3 7.20% $3,986
Renasant Bank 3 6.71% $3,907
LOANDEPOT.COM, LLC 3 6.98% $5,193
CapStar Bank 3 6.33% $2,963
21ST MORTGAGE CORPORATION 2 8.82% $7,270
BROKER SOLUTIONS, INC. 2 7.31% $6,409
EVANSVILLE TEACHERS 2 6.31% $3,275
FirstBank 2 8.33% $3,844
FirstTrust Home Loans, Inc. 2 6.43% $2,928
FLAT BRANCH MORTGAGE, INC. 2 7.38% $3,678
Mr. Cooper ( Nationstar Mortgage ) 2 6.56% $5,728
MUTUAL OF OMAHA MORTGAGE, INC. 2 7.25% $12,973
River Valley AgCredit, ACA 2 7.08% $6,562
ROYAL UNITED MORTGAGE LLC 2 6.81% $4,456
Ixonia Bank 1 7.63% $5,683
First Federal Bank 1 7.00% $3,525
FIRST COMMUNITY MORTGAGE, INC. 1 6.13% $4,322
First Citizens National Bank 1 5.88% $2,407
MORIA DEVELOPMENT, INC. 1 6.62% $6,587
MORTGAGE INVESTORS GROUP, INC. 1 6.99% $3,304
Mortgage Research Center, LLC 1 7.13% $2,115
ASCEND FEDERAL CREDIT UNION 1 6.38% $3,498
M&T Bank 1 7.50% $6,144
American Mortgage & Equity Consultants, Inc. 1 7.38% $9,200
First American Bank 1 6.50% $3,391
NEWREZ LLC 1 6.88% $6,978
Fifth Third Bank 1 6.49% $3,997
PENNYMAC LOAN SERVICES, LLC 1 7.50% $3,617
PENTAGON FEDERAL CREDIT UNION 1 7.00% $2,400
PLAZA HOME MORTGAGE, INC. 1 7.88% $3,994
PNC Bank 1 6.50% $4,992
PREMIA MORTGAGE, LLC 1 7.13% $3,320
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.13% $5,937
CROSSCOUNTRY MORTGAGE, LLC 1 6.50% $4,625
COMPEER FINANCIAL, FLCA 1 7.50% $1,602
ALTRA 1 7.35% $4,002
ZILLOW HOME LOANS, LLC 1 7.00% $4,551
CMG MORTGAGE, INC. 1 10.50% $6,067
S1L, Inc. 1 7.38% $4,936
SIRVA MORTGAGE, INC. 1 6.63% $0
Citizens Bank 1 6.50% $4,193
CALCON MUTUAL MORTGAGE LLC 1 6.63% $4,194
SWBC MORTGAGE CORPORATION 1 5.63% $3,625
TOWNE MORTGAGE COMPANY 1 6.75% $3,333
BMO Harris Bank 1 6.38% $5,211
UBS Bank USA 1 6.75% $4,311
BETTER MORTGAGE CORPORATION 1 6.38% $2,293
Bank of Tennessee 1 6.63% $11,631
USAA Federal Savings Bank 1 6.50% $4,541
FREEDOM MORTGAGE CORPORATION 1 7.00% $3,170
Flagstar Bank, FSB 1 8.00% $3,056
GUILD MORTGAGE COMPANY 1 6.99% $3,321
First Mid Bank & Trust 1 6.13% $2,664

Paducah Average Closing Costs & Other Stats

Paducah, KY-IL's 72 lenders originated 1,430 loans during 2024. The total origination value was $246,280,000, with an average loan value of $172,224.

Paducah's average closing costs are $4,198.

The top Paducah lender as defined by loan originations is GERSHMAN INVESTMENT CORP., with 34 loans originated. Their average total fees are $3,554, which is $1,688 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Paducah lenders (with over 10 loans originated) are Community Mortgage Banc Corporation ($3,156), Independence Bank of Kentucky ($3,338), Magnolia Bank ($3,487), GERSHMAN INVESTMENT CORP. ($3,554) and Regions Bank ($3,620).

The lowest rate Paducah lenders (with over 10 loans originated) are Old National Bank (6.21%), Community Mortgage Banc Corporation (6.59%), Independence Bank of Kentucky (6.66%), GERSHMAN INVESTMENT CORP. (6.68%) and UNITED WHOLESALE MORTGAGE, LLC (6.73%).

Paducah, KY-IL 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
The Paducah Bank and Trust Company $30,655,000 $35,960,000 17.3% 14.6%
Independence Bank of Kentucky $20,520,000 $20,875,000 1.7% 8.5%
QUICKEN LOANS, LLC $14,570,000 $13,100,000 -10.1% 5.3%
U.S. Bank $10,005,000 $12,850,000 28.4% 5.2%
GERSHMAN INVESTMENT CORP. $9,560,000 $12,240,000 28.0% 5.0%
Mortgage Research Center, LLC $8,475,000 $11,830,000 39.6% 4.8%
UNITED WHOLESALE MORTGAGE, LLC $4,690,000 $10,195,000 117.4% 4.1%
Regions Bank $9,895,000 $9,850,000 -0.5% 4.0%
EVERETT FINANCIAL, INC. $10,275,000 $8,710,000 -15.2% 3.5%
FNB Bank, Inc. $9,460,000 $8,065,000 -14.7% 3.3%
STOCKTON MORTGAGE CORPORATION $10,465,000 $5,330,000 -49.1% 2.2%
Old National Bank $3,870,000 n/a 1.6%
Community Mortgage Banc Corporation $2,730,000 $3,700,000 35.5% 1.5%
Magnolia Bank $2,250,000 $3,585,000 59.3% 1.5%
PENNYMAC LOAN SERVICES, LLC $1,160,000 $3,195,000 175.4% 1.3%
NAVY FEDERAL CREDIT UNION $615,000 $2,920,000 374.8% 1.2%
LOANDEPOT.COM, LLC $3,150,000 $2,895,000 -8.1% 1.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,775,000 $2,735,000 54.1% 1.1%
21ST MORTGAGE CORPORATION $1,860,000 $2,555,000 37.4% 1.0%
RUOFF MORTGAGE COMPANY, INC. $2,865,000 $2,465,000 -14.0% 1.0%
Truist $2,460,000 $2,320,000 -5.7% 0.9%
USAA Federal Savings Bank $1,475,000 $2,200,000 49.2% 0.9%
FREEDOM MORTGAGE CORPORATION $980,000 $1,920,000 95.9% 0.8%
Presidential Bank, FSB $1,900,000 n/a 0.8%
Renasant Bank $715,000 $1,705,000 138.5% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $1,910,000 $1,545,000 -19.1% 0.6%
UNION HOME MORTGAGE CORP. $505,000 $1,540,000 205.0% 0.6%
DAS Acquisition Company, LLC $565,000 $1,535,000 171.7% 0.6%
Farmers Bank and Trust Company $710,000 $1,405,000 97.9% 0.6%
JPMorgan Chase Bank $200,000 $1,375,000 587.5% 0.6%
NEW DAY FINANCIAL, LLC $380,000 $1,320,000 247.4% 0.5%
Banterra Bank $1,860,000 $1,205,000 -35.2% 0.5%
BROKER SOLUTIONS, INC. $755,000 $1,095,000 45.0% 0.4%
Heritage Federal Credit Union $1,085,000 n/a 0.4%
River Valley AgCredit, ACA $2,520,000 $1,060,000 -57.9% 0.4%
TOP FLITE FINANCIAL, INC. $340,000 $1,020,000 200.0% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $1,275,000 $1,015,000 -20.4% 0.4%
The Federal Savings Bank $480,000 $1,000,000 108.3% 0.4%
Wells Fargo Bank $710,000 $955,000 34.5% 0.4%
PNC Bank $185,000 $910,000 391.9% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $180,000 $870,000 383.3% 0.4%
VILLAGE CAPITAL MORTGAGE $1,085,000 $870,000 -19.8% 0.4%
MORTGAGE SOLUTIONS OF COLORADO, LLC $380,000 $825,000 117.1% 0.3%
NEWREZ LLC $495,000 $800,000 61.6% 0.3%
CapStar Bank $1,665,000 $790,000 -52.6% 0.3%
GUILD MORTGAGE COMPANY $765,000 n/a 0.3%
BMO Harris Bank $755,000 n/a 0.3%
FLAT BRANCH MORTGAGE, INC. $935,000 $755,000 -19.3% 0.3%
PREMIA MORTGAGE, LLC $730,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $2,590,000 $665,000 -74.3% 0.3%
MORIA DEVELOPMENT, INC. $640,000 n/a 0.3%
LAKEVIEW LOAN SERVICING, LLC $85,000 $615,000 623.5% 0.2%
EVANSVILLE TEACHERS $460,000 $555,000 20.7% 0.2%
DOMINION FINANCIAL SERVICES, LLC $200,000 $550,000 175.0% 0.2%
Equity Prime Mortgage LLC $295,000 $530,000 79.7% 0.2%
T2 FINANCIAL LLC $485,000 $505,000 4.1% 0.2%
AMERICAN FINANCING CORPORATION $445,000 $500,000 12.4% 0.2%
HOMESIDE FINANCIAL, LLC $710,000 $480,000 -32.4% 0.2%
SIU $170,000 $480,000 182.4% 0.2%
ROYAL UNITED MORTGAGE LLC $300,000 $460,000 53.3% 0.2%
CANOPY MORTGAGE, LLC $445,000 n/a 0.2%
UBS Bank USA $275,000 $445,000 61.8% 0.2%
GUARANTEED RATE, INC. $225,000 $440,000 95.6% 0.2%
TOWNE MORTGAGE COMPANY $360,000 $440,000 22.2% 0.2%
SOUTH CENTRAL BANK, INC. $435,000 n/a 0.2%
FIRST COMMUNITY MORTGAGE, INC. $410,000 n/a 0.2%
ACOPIA, LLC $450,000 $400,000 -11.1% 0.2%
Coastal Community Bank $50,000 $400,000 700.0% 0.2%
First Financial Bank $670,000 $395,000 -41.0% 0.2%
Plains Commerce Bank $115,000 $375,000 226.1% 0.2%
FirstBank $25,000 $365,000 1,360.0% 0.1%
ZILLOW HOME LOANS, LLC $250,000 $350,000 40.0% 0.1%
First Federal Bank $305,000 $345,000 13.1% 0.1%
Discover Bank $615,000 $335,000 -45.5% 0.1%
Fifth Third Bank $370,000 $310,000 -16.2% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $305,000 n/a 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $295,000 $305,000 3.4% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $305,000 n/a 0.1%
SIRVA MORTGAGE, INC. $305,000 n/a 0.1%
Bank of Tennessee $295,000 n/a 0.1%
American Mortgage & Equity Consultants, Inc. $285,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $310,000 $280,000 -9.7% 0.1%
BancorpSouth $265,000 n/a 0.1%
Century Mortgage Company DBA Century Lending Company $265,000 n/a 0.1%
Carrington Mortgage Services, LLC $320,000 $255,000 -20.3% 0.1%
Citizens Bank $655,000 $250,000 -61.8% 0.1%
ALLIED MORTGAGE GROUP, INC. $235,000 n/a 0.1%
MOVEMENT MORTGAGE, LLC $350,000 $235,000 -32.9% 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $225,000 n/a 0.1%
Farm Credit Mid-America, ACA $965,000 $225,000 -76.7% 0.1%
Ixonia Bank $220,000 n/a 0.1%
Legence Bank $725,000 $220,000 -69.7% 0.1%
OCMBC, INC. $155,000 $215,000 38.7% 0.1%
PHH Mortgage Corporation $35,000 $215,000 514.3% 0.1%
PLANET HOME LENDING, LLC $125,000 $215,000 72.0% 0.1%
Legends Bank $205,000 n/a 0.1%
MYCUMORTGAGE, LLC $390,000 $205,000 -47.4% 0.1%
Planters Bank, Inc. $165,000 $205,000 24.2% 0.1%
Barrington Bank & Trust Company, N.A. $470,000 $200,000 -57.4% 0.1%
ALTRA $195,000 n/a 0.1%
First Citizens National Bank $195,000 n/a 0.1%
First Mid Bank & Trust $195,000 n/a 0.1%
The Bradford National Bank of Greenville $115,000 $195,000 69.6% 0.1%
CALCON MUTUAL MORTGAGE LLC $185,000 n/a 0.1%
M&T Bank $165,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $305,000 $165,000 -45.9% 0.1%
PLAZA HOME MORTGAGE, INC. $165,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $400,000 $155,000 -61.3% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $155,000 n/a 0.1%
Prosperity Home Mortgage, LLC $770,000 $155,000 -79.9% 0.1%
Cumberland Valley National Bank & Trust Company $145,000 n/a 0.1%
First Southern National Bank $145,000 n/a 0.1%
DEEPHAVEN MORTGAGE LLC $255,000 $135,000 -47.1% 0.1%
Flagstar Bank, FSB $245,000 $135,000 -44.9% 0.1%
Bank of America $375,000 $130,000 -65.3% 0.1%
CLEARPATH LENDING $125,000 n/a 0.1%
GVC MORTGAGE, INC. $125,000 n/a 0.1%
PREMIER MORTGAGE RESOURCES, L.L.C. $125,000 n/a 0.1%
FirstTrust Home Loans, Inc. $3,355,000 $120,000 -96.4% 0.0%
ASCEND FEDERAL CREDIT UNION $115,000 n/a 0.0%
CIS Financial Services, Inc. $230,000 $115,000 -50.0% 0.0%
CMG MORTGAGE, INC. $420,000 $105,000 -75.0% 0.0%
COMMONWEALTH $105,000 n/a 0.0%
SWBC MORTGAGE CORPORATION $105,000 n/a 0.0%
Cornerstone First Mortgage, Inc $95,000 n/a 0.0%
First American Bank $95,000 n/a 0.0%
S1L, Inc. $95,000 n/a 0.0%
AMWEST FUNDING CORP. $85,000 n/a 0.0%
MORTGAGE INVESTORS GROUP, INC. $135,000 $85,000 -37.0% 0.0%
Southern Bank $75,000 n/a 0.0%
MEMBER FIRST MORTGAGE, LLC $65,000 n/a 0.0%
ASHLAND Credit Union $55,000 n/a 0.0%
Central Bank $55,000 n/a 0.0%
COMPEER FINANCIAL, FLCA $55,000 n/a 0.0%
Fortera Federal Credit Union $55,000 n/a 0.0%
Illinois State Police Federal Credit Union $45,000 n/a 0.0%
Park Lane Finance Solutions, LLC $15,000 $45,000 200.0% 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%

Paducah's top lender by overall market share is The Paducah Bank and Trust Company, with 14.6% market share. In second place, with 8.5%, is Independence Bank of Kentucky, having originated $20,875,000 in loans. In third place, with 5.3%, is QUICKEN LOANS, LLC, having originated $13,100,000 in loans. In fourth place, with 5.2%, is U.S. Bank, having originated $12,850,000 in loans. In fifth place, with 5.0%, is GERSHMAN INVESTMENT CORP., having originated $12,240,000 in loans.

Paducah, KY-IL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 921 $178,535,000 $193,849
Refi 176 $29,700,000 $168,750
Cash Out Refi 142 $22,470,000 $158,239
Home Improvement 97 $8,575,000 $88,402
Other 94 $7,000,000 $74,468

Paducah's most frequently cited loan purpose was Home Purchase, with 921 originations. The 2nd most popular reason was Refi, with 176 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 489 $94,285,000 $192,812
7-8% 247 $45,275,000 $183,300
Over 8% 220 $19,230,000 $87,409
5-6% 134 $28,610,000 $213,507
3-4% 22 $200,000 $9,091
<2.5% 8 $40,000 $5,000
4-5% 6 $1,020,000 $170,000
2.5-3% 1 $155,000 $155,000

During 2024, Paducah's most frequently originated rate bucket was 6-7%, with 489 originations.

Loan Sizing (Paducah, KY-IL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 505 $73,525,000 $145,594
$100,000 or less 487 $28,125,000 $57,752
$200k-400k 360 $97,160,000 $269,889
$400k-600k 56 $26,500,000 $473,214
$600k-1000k 17 $12,745,000 $749,706
$Over $1MM 5 $8,225,000 $1,645,000

Paducah's loan sizing saw the bucket of loans from $100k-200k with 505 originations, totaling $73,525,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 545 $108,305,000 $198,725
60-80% 203 $37,785,000 $186,133
Under 20% 124 $7,580,000 $61,129
20-40% 112 $9,720,000 $86,786
40-60% 104 $15,940,000 $153,269
Over 100% 23 $4,845,000 $210,652

Paducah's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 545 originations, totaling $108,305,000 in origination value.