Paducah Mortgage Rates & Closing Costs
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% |
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.).
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.