Richmond - Berea Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Richmond - Berea averaged
6.73%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.96% and
one month ago for the week of 2023-02-09, the
average rate was 6.25%.
Richmond - Berea's average rate one year ago was 4.08%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.83%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Richmond - Berea 30 Year Fixed Rate | 2023-03-16 | 6.73% |
| Richmond - Berea 30 Year Fixed Rate Refi | 2023-03-16 | 6.83% |
| Richmond - Berea 15 Year Fixed Rate | 2023-03-16 | 6.83% |
| Richmond - Berea 15 Year Fixed Rate Refi | 2023-03-16 | 5.94% |
| Richmond - Berea 30 Year FHA | 2023-03-16 | 6.58% |
| Richmond - Berea 30 Year FHA Refi | 2023-03-16 | 6.5% |
| Richmond - Berea 30 Year USDA | 2023-03-16 | 6.79% |
| Richmond - Berea 30 Year USDA Refi | 2023-03-16 | 6.8% |
| Richmond - Berea 30 Year VA | 2023-03-16 | 6.39% |
| Richmond - Berea 30 Year VA Refi | 2023-03-16 | 6.27% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Richmond-Berea, KY.
Richmond - Berea 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 Richmond-Berea, 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.).
Richmond - Berea Average Closing Costs & Other Stats
Richmond-Berea, KY's 137 lenders originated 4,207
loans during 2021. The total origination value was $908,455,000, with an average loan value of
$215,939.
Richmond - Berea's average closing costs are $3,879.
The top Richmond - Berea lender as defined by loan originations is ARK-LA-TEX FINANCIAL SERVICES, LLC., with
157 loans originated. Their average total fees are
$3,430, which is $964
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Richmond - Berea lenders (with over 10 loans originated) are
Guardian Savings Bank, A Federal Savings Bank ($824), JPMorgan Chase Bank ($1,990), PARK COMMUNITY CREDIT UNION, INC. ($2,111), Central Bank & Trust Company ($2,186) and Community Trust Bank, Inc. ($2,255).
The lowest rate Richmond - Berea lenders (with over 10 loans originated) are
PROVIDENT FUNDING ASSOCIATES, L.P. (2.78%), Central Bank & Trust Company (2.88%), AMERISAVE MORTGAGE CORPORATION (2.95%), AMERICAN MORTGAGE SERVICE COMPANY (2.98%) and Guardian Savings Bank, A Federal Savings Bank (2.98%).
Richmond-Berea, 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $50,835,000 | $67,085,000 | 32.0% | 7.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $55,265,000 | $56,860,000 | 2.9% | 6.3% |
| Cumberland Valley National Bank & Trust Company | $10,845,000 | $54,060,000 | 398.5% | 6.0% |
| STOCKTON MORTGAGE CORPORATION | $38,880,000 | $36,955,000 | -5.0% | 4.1% |
| Community Trust Bank, Inc. | $24,525,000 | $32,190,000 | 31.3% | 3.5% |
| Whitaker Bank | $680,000 | $31,000,000 | 4,458.8% | 3.4% |
| Stock Yards Bank & Trust Company | $335,000 | $27,260,000 | 8,037.3% | 3.0% |
| Central Bank & Trust Company | $24,245,000 | $26,570,000 | 9.6% | 2.9% |
| U.S. Bank | $25,305,000 | $26,515,000 | 4.8% | 2.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $27,230,000 | $24,805,000 | -8.9% | 2.7% |
| FREEDOM MORTGAGE CORPORATION | $23,645,000 | $20,100,000 | -15.0% | 2.2% |
| Guardian Savings Bank, A Federal Savings Bank | $19,015,000 | $19,780,000 | 4.0% | 2.2% |
| First Financial Bank | $370,000 | $17,865,000 | 4,728.4% | 2.0% |
| Fifth Third Bank | $17,340,000 | $17,420,000 | 0.5% | 1.9% |
| JPMorgan Chase Bank | $10,725,000 | $17,250,000 | 60.8% | 1.9% |
| Mortgage Research Center, LLC | $11,000,000 | $15,785,000 | 43.5% | 1.7% |
| The Monticello Banking Company | $465,000 | $15,530,000 | 3,239.8% | 1.7% |
| LOANDEPOT.COM, LLC | $7,935,000 | $13,595,000 | 71.3% | 1.5% |
| Kentucky Bank | $43,805,000 | $13,480,000 | -69.2% | 1.5% |
| Hometown Lenders, Inc. | $15,340,000 | $12,920,000 | -15.8% | 1.4% |
| GENEVA FINANCIAL, LLC | $12,800,000 | n/a | 1.4% | |
| UNIVERSITY OF KENTUCKY | $9,480,000 | $11,435,000 | 20.6% | 1.3% |
| PENNYMAC LOAN SERVICES, LLC | $3,205,000 | $11,075,000 | 245.6% | 1.2% |
| DAS Acquisition Company, LLC | $7,025,000 | $10,720,000 | 52.6% | 1.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,215,000 | $10,685,000 | 153.5% | 1.2% |
| PARK COMMUNITY CREDIT UNION, INC. | $11,830,000 | $9,700,000 | -18.0% | 1.1% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $9,285,000 | n/a | 1.0% | |
| AMERISAVE MORTGAGE CORPORATION | $6,265,000 | $8,825,000 | 40.9% | 1.0% |
| Bank of England | $10,855,000 | $8,140,000 | -25.0% | 0.9% |
| PNC Bank | $6,500,000 | $7,695,000 | 18.4% | 0.8% |
| Sierra Pacific Mortgage Company, Inc. | $1,205,000 | $7,565,000 | 527.8% | 0.8% |
| LAKEVIEW LOAN SERVICING, LLC | $2,895,000 | $7,445,000 | 157.2% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,145,000 | $7,160,000 | 0.2% | 0.8% |
| Republic State Mortgage Co. | $6,745,000 | $6,435,000 | -4.6% | 0.7% |
| GoPrime Mortgage, Inc. | $9,355,000 | $6,405,000 | -31.5% | 0.7% |
| Wells Fargo Bank | $4,850,000 | $6,195,000 | 27.7% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $4,540,000 | $6,165,000 | 35.8% | 0.7% |
| First Southern National Bank | $5,125,000 | $6,075,000 | 18.5% | 0.7% |
| CALIBER HOME LOANS, INC. | $3,480,000 | $5,190,000 | 49.1% | 0.6% |
| Truist Bank | $5,445,000 | $4,850,000 | -10.9% | 0.5% |
| MOVEMENT MORTGAGE, LLC | $19,585,000 | $4,840,000 | -75.3% | 0.5% |
| Prosperity Home Mortgage, LLC | $2,030,000 | $4,735,000 | 133.3% | 0.5% |
| COMMONWEALTH | $6,295,000 | $4,720,000 | -25.0% | 0.5% |
| Peoples Exchange Bank | $5,135,000 | $4,715,000 | -8.2% | 0.5% |
| Forcht Bank | $13,255,000 | $4,630,000 | -65.1% | 0.5% |
| MORTGAGE SUPPLIERS, INC. | $4,605,000 | $4,610,000 | 0.1% | 0.5% |
| NEWREZ LLC | $2,220,000 | $4,235,000 | 90.8% | 0.5% |
| Summit Community Bank, Inc. | $4,100,000 | n/a | 0.5% | |
| Renasant Bank | $4,200,000 | $4,000,000 | -4.8% | 0.4% |
| AMERICAN MORTGAGE SERVICE COMPANY | $3,530,000 | $3,970,000 | 12.5% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,790,000 | $3,850,000 | 38.0% | 0.4% |
| BETTER MORTGAGE CORPORATION | $2,165,000 | $3,795,000 | 75.3% | 0.4% |
| Traditional Bank, Inc. | $3,110,000 | $3,775,000 | 21.4% | 0.4% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $3,030,000 | $3,385,000 | 11.7% | 0.4% |
| FBC MORTGAGE, LLC | $845,000 | $3,325,000 | 293.5% | 0.4% |
| Carrington Mortgage Services, LLC | $2,900,000 | $3,185,000 | 9.8% | 0.4% |
| Republic Bank & Trust Company | $5,590,000 | $3,130,000 | -44.0% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,460,000 | $3,095,000 | 25.8% | 0.3% |
| VILLAGE CAPITAL & INVESTMENT LLC | $1,140,000 | $2,945,000 | 158.3% | 0.3% |
| Northpointe Bank | $3,100,000 | $2,705,000 | -12.7% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,465,000 | $2,660,000 | 81.6% | 0.3% |
| BROKER SOLUTIONS, INC. | $2,730,000 | $2,635,000 | -3.5% | 0.3% |
| FINANCE OF AMERICA MORTGAGE LLC | $4,650,000 | $2,590,000 | -44.3% | 0.3% |
| MEMBERS HERITAGE Credit Union | $750,000 | $2,530,000 | 237.3% | 0.3% |
| GUARANTY HOME MORTGAGE CORPORATION | $1,945,000 | $2,510,000 | 29.0% | 0.3% |
| L & N Federal Credit Union | $3,675,000 | $2,510,000 | -31.7% | 0.3% |
| SOUTH CENTRAL BANK, INC. | $3,200,000 | $2,470,000 | -22.8% | 0.3% |
| First State Bank of the Southeast, Inc. | $1,535,000 | $2,420,000 | 57.7% | 0.3% |
| GUARANTEED RATE, INC. | $135,000 | $2,395,000 | 1,674.1% | 0.3% |
| ENVOY MORTGAGE, LTD | $310,000 | $2,295,000 | 640.3% | 0.3% |
| KELLER MORTGAGE, LLC | $3,650,000 | $2,230,000 | -38.9% | 0.2% |
| First Guaranty Mortgage Corporation | $320,000 | $2,215,000 | 592.2% | 0.2% |
| WesBanco Bank, Inc. | $1,530,000 | $2,180,000 | 42.5% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $965,000 | $2,145,000 | 122.3% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $670,000 | $2,080,000 | 210.4% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $1,635,000 | $2,015,000 | 23.2% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,380,000 | $1,905,000 | -20.0% | 0.2% |
| Citizens Bank of Kentucky, Inc. | $5,330,000 | $1,880,000 | -64.7% | 0.2% |
| Old National Bank | $330,000 | $1,860,000 | 463.6% | 0.2% |
| HOME POINT FINANCIAL CORPORATION | $5,180,000 | $1,815,000 | -65.0% | 0.2% |
| USAA Federal Savings Bank | $5,375,000 | $1,795,000 | -66.6% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,620,000 | $1,780,000 | 9.9% | 0.2% |
| Flagstar Bank, FSB | $1,895,000 | $1,770,000 | -6.6% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $95,000 | $1,760,000 | 1,752.6% | 0.2% |
| PLANET HOME LENDING, LLC | $420,000 | $1,725,000 | 310.7% | 0.2% |
| Citizens Bank | $510,000 | $1,660,000 | 225.5% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $3,195,000 | $1,655,000 | -48.2% | 0.2% |
| EVANSVILLE TEACHERS | $1,095,000 | $1,515,000 | 38.4% | 0.2% |
| Farm Credit Mid-America, ACA | $860,000 | $1,345,000 | 56.4% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,285,000 | $1,345,000 | 4.7% | 0.1% |
| Magnolia Bank | $1,360,000 | $1,335,000 | -1.8% | 0.1% |
| The Citizens National Bank of Somerset | $565,000 | $1,260,000 | 123.0% | 0.1% |
| The Federal Savings Bank | $1,735,000 | $1,245,000 | -28.2% | 0.1% |
| HAMILTON HOME LOANS, INC. | $1,235,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $1,215,000 | n/a | 0.1% | |
| Commonwealth Bank and Trust Company | $2,075,000 | $1,180,000 | -43.1% | 0.1% |
| The Huntington National Bank | $730,000 | $1,165,000 | 59.6% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,505,000 | $1,145,000 | -23.9% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $310,000 | $1,100,000 | 254.8% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $330,000 | $1,085,000 | 228.8% | 0.1% |
| Bank of America | $380,000 | $1,000,000 | 163.2% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $995,000 | n/a | 0.1% | |
| Bank of Lexington, Inc. | $165,000 | $985,000 | 497.0% | 0.1% |
| CLEARPATH LENDING | $985,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $1,535,000 | $970,000 | -36.8% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $480,000 | $940,000 | 95.8% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $910,000 | $855,000 | -6.0% | 0.1% |
| Nations Lending Corporation | $765,000 | $845,000 | 10.5% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $840,000 | n/a | 0.1% | |
| First Option Mortgage, LLC | $155,000 | $835,000 | 438.7% | 0.1% |
| UNIFY FINANCIAL Credit Union | $830,000 | n/a | 0.1% | |
| Union Savings Bank | $2,065,000 | $825,000 | -60.0% | 0.1% |
| GUILD MORTGAGE COMPANY | $225,000 | $820,000 | 264.4% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $820,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $615,000 | $815,000 | 32.5% | 0.1% |
| AmeriHome Mortgage Company, LLC | $145,000 | $810,000 | 458.6% | 0.1% |
| Abound Federal Credit Union | $780,000 | n/a | 0.1% | |
| The Farmers Bank | $1,295,000 | $770,000 | -40.5% | 0.1% |
| AMERIFIRST FINANCIAL CORPORATION | $1,605,000 | $750,000 | -53.3% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $715,000 | n/a | 0.1% | |
| Regions Bank | $715,000 | n/a | 0.1% | |
| HALLMARK HOME MORTGAGE, LLC | $590,000 | $710,000 | 20.3% | 0.1% |
| Citizens Commerce Bank | $705,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $1,865,000 | $665,000 | -64.3% | 0.1% |
| Ally Bank | $145,000 | $615,000 | 324.1% | 0.1% |
| AMERICAN FINANCING CORPORATION | $615,000 | n/a | 0.1% | |
| Manufacturers and Traders Trust Company | $605,000 | n/a | 0.1% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $580,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $605,000 | $560,000 | -7.4% | 0.1% |
| EMM LOANS LLC | $275,000 | $550,000 | 100.0% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $5,410,000 | $535,000 | -90.1% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $720,000 | $535,000 | -25.7% | 0.1% |
| UNION HOME MORTGAGE CORP. | $510,000 | n/a | 0.1% | |
| InterContinental Capital Group, Inc | $450,000 | $490,000 | 8.9% | 0.1% |
| First Savings Bank | $505,000 | $485,000 | -4.0% | 0.1% |
| Texana Bank | $485,000 | n/a | 0.1% | |
| Hometown Equity Mortgage, LLC | $195,000 | $475,000 | 143.6% | 0.1% |
| CMG MORTGAGE, INC. | $245,000 | $470,000 | 91.8% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $795,000 | $450,000 | -43.4% | 0.0% |
| HANCOCK MORTGAGE PARTNERS, LLC | $445,000 | n/a | 0.0% | |
| CRESCENT MORTGAGE COMPANY | $390,000 | $425,000 | 9.0% | 0.0% |
| Ameris Bank | $420,000 | n/a | 0.0% | |
| Discover Bank | $125,000 | $400,000 | 220.0% | 0.0% |
| ZILLOW HOME LOANS, LLC | $400,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $465,000 | $390,000 | -16.1% | 0.0% |
| First Federal Bank of the Midwest | $375,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $365,000 | n/a | 0.0% | |
| Inwood National Bank | $365,000 | n/a | 0.0% | |
| Peoples Bank | $135,000 | $365,000 | 170.4% | 0.0% |
| SIRVA MORTGAGE, INC. | $365,000 | n/a | 0.0% | |
| Cf Bank | $355,000 | n/a | 0.0% | |
| NBKC BANK | $1,160,000 | $345,000 | -70.3% | 0.0% |
| BOKF | $335,000 | n/a | 0.0% | |
| IMPAC MORTGAGE CORP. | $325,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $315,000 | n/a | 0.0% | |
| Home Federal Bank Corporation | $205,000 | $315,000 | 53.7% | 0.0% |
| MYCUMORTGAGE, LLC | $290,000 | $315,000 | 8.6% | 0.0% |
| HOMESTEAD FUNDING CORP. | $305,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $305,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $235,000 | $300,000 | 27.7% | 0.0% |
| PHH Mortgage Corporation | $380,000 | $295,000 | -22.4% | 0.0% |
| Strong Home Mortgage, LLC | $215,000 | $295,000 | 37.2% | 0.0% |
| First Federal Bank of Kansas City | $285,000 | n/a | 0.0% | |
| Commercial Bank | $470,000 | $280,000 | -40.4% | 0.0% |
| MORTGAGE INVESTORS GROUP, INC. | $235,000 | $270,000 | 14.9% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $225,000 | $265,000 | 17.8% | 0.0% |
| EVERETT FINANCIAL, INC. | $2,855,000 | $255,000 | -91.1% | 0.0% |
| STEARNS LENDING, LLC | $255,000 | n/a | 0.0% | |
| City National Bank of West Virginia | $1,985,000 | $250,000 | -87.4% | 0.0% |
| EASTMAN | $475,000 | $245,000 | -48.4% | 0.0% |
| Paramount Bank | $245,000 | n/a | 0.0% | |
| FIELD & MAIN BANK, INC. | $685,000 | $240,000 | -65.0% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $235,000 | n/a | 0.0% | |
| Kentucky Farmers Bank Corporation | $235,000 | n/a | 0.0% | |
| FirstBank | $925,000 | $230,000 | -75.1% | 0.0% |
| The Cecilian Bank | $230,000 | n/a | 0.0% | |
| Baxter Credit Union | $225,000 | n/a | 0.0% | |
| INTERCAP LENDING INC. | $225,000 | n/a | 0.0% | |
| AMCAP MORTGAGE, LTD. | $215,000 | n/a | 0.0% | |
| CARDINAL CREDIT UNION, INC. | $215,000 | n/a | 0.0% | |
| Pinnacle Bank | $215,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP. | $1,345,000 | $215,000 | -84.0% | 0.0% |
| SOFI LENDING CORP. | $280,000 | $215,000 | -23.2% | 0.0% |
| Equity Prime Mortgage LLC | $205,000 | n/a | 0.0% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $205,000 | n/a | 0.0% | |
| INTERLINC MORTGAGE SERVICES, LLC | $195,000 | n/a | 0.0% | |
| PARTNERS 1ST Federal Credit Union | $195,000 | n/a | 0.0% | |
| Mercantile Bank of Michigan | $185,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $175,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $225,000 | $175,000 | -22.2% | 0.0% |
| AMERICAN ADVISORS GROUP | $165,000 | n/a | 0.0% | |
| Amerifirst Financial, Inc. | $165,000 | n/a | 0.0% | |
| AmRes Corporation | $165,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $165,000 | n/a | 0.0% | |
| Central Kentucky Agricultural Credit Association | $435,000 | $160,000 | -63.2% | 0.0% |
| ALTRA | $155,000 | n/a | 0.0% | |
| IAA Credit Union | $155,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $605,000 | $155,000 | -74.4% | 0.0% |
| Warsaw Federal Savings and Loan Association | $155,000 | n/a | 0.0% | |
| PARSONS Federal Credit Union | $145,000 | n/a | 0.0% | |
| THRIVE MORTGAGE, LLC | $145,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $285,000 | $135,000 | -52.6% | 0.0% |
| Citizens Union Bank of Shelbyville | $630,000 | $135,000 | -78.6% | 0.0% |
| OPTION FINANCIAL, LLC | $135,000 | n/a | 0.0% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $125,000 | n/a | 0.0% | |
| Georgia Banking Company | $125,000 | n/a | 0.0% | |
| Park Lane Finance Solutions, LLC | $45,000 | $120,000 | 166.7% | 0.0% |
| Colten Mortgage, LLC | $115,000 | n/a | 0.0% | |
| First National Bank of America | $250,000 | $115,000 | -54.0% | 0.0% |
| TOWNE MORTGAGE COMPANY | $115,000 | n/a | 0.0% | |
| CIS Financial Services, Inc. | $105,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $105,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $105,000 | n/a | 0.0% | |
| The Union Bank Company | $255,000 | $105,000 | -58.8% | 0.0% |
| Western Ohio Mortgage Corporation | $1,460,000 | $95,000 | -93.5% | 0.0% |
| State Department Federal Credit Union | $85,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $1,030,000 | $85,000 | -91.7% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $75,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| WRIGHT-PATT CREDIT UNION, INC. | $55,000 | $55,000 | 0.0% | 0.0% |
| SPRING EQ, LLC | $25,000 | n/a | 0.0% |
Richmond - Berea's top lender by overall market share is QUICKEN LOANS, LLC, with 7.4% market share. In second place, with 6.3%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $56,860,000 in loans. In third place, with 6.0%, is Cumberland Valley National Bank & Trust Company, having originated $54,060,000 in loans. In fourth place, with 4.1%, is STOCKTON MORTGAGE CORPORATION, having originated $36,955,000 in loans. In fifth place, with 3.5%, is Community Trust Bank, Inc., having originated $32,190,000 in loans.
Richmond - Berea Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Richmond - Berea (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $188,450 (6.5%) | $229,599 (9.1%) | 0.00 | 323 |
| 2018-02-01 | $189,000 (8.7%) | $228,888 (9.4%) | 0.00 | 306 |
| 2018-03-01 | $194,900 (11.9%) | $236,510 (11.0%) | 0.00 | 279 |
| 2018-04-01 | $204,450 (16.8%) | $241,850 (11.1%) | 0.00 | 264 |
| 2018-05-01 | $208,000 (15.6%) | $244,950 (9.1%) | 0.00 | 285 |
| 2018-06-01 | $195,000 (8.4%) | $235,511 (3.6%) | 0.00 | 322 |
| 2018-07-01 | $198,500 (10.3%) | $234,474 (4.5%) | 0.00 | 334 |
| 2018-08-01 | $199,900 (8.4%) | $235,533 (3.1%) | 0.00 | 362 |
| 2018-09-01 | $217,900 (19.1%) | $241,108 (5.0%) | 0.00 | 366 |
| 2018-10-01 | $219,700 (20.1%) | $246,239 (9.7%) | 0.00 | 376 |
| 2018-11-01 | $210,975 (13.7%) | $247,463 (9.6%) | 0.00 | 366 |
| 2018-12-01 | $209,950 (11.1%) | $245,062 (7.4%) | 0.00 | 347 |
| 2019-01-01 | $208,950 (10.9%) | $240,202 (4.6%) | 0.00 | 316 |
| 2019-02-01 | $199,200 (5.4%) | $248,616 (8.6%) | 0.00 | 321 |
| 2019-03-01 | $203,400 (4.4%) | $252,874 (6.9%) | 0.00 | 319 |
| 2019-04-01 | $210,500 (3.0%) | $265,724 (9.9%) | 0.00 | 308 |
| 2019-05-01 | $219,900 (5.7%) | $276,790 (13.0%) | 0.00 | 291 |
| 2019-06-01 | $226,000 (15.9%) | $278,436 (18.2%) | 0.00 | 302 |
| 2019-07-01 | $226,450 (14.1%) | $280,812 (19.8%) | 0.00 | 316 |
| 2019-08-01 | $217,818 (9.0%) | $274,935 (16.7%) | 0.00 | 342 |
| 2019-09-01 | $214,545 (-1.5%) | $267,368 (10.9%) | 0.00 | 375 |
| 2019-10-01 | $213,814 (-2.7%) | $263,797 (7.1%) | 0.00 | 397 |
| 2019-11-01 | $219,900 (4.2%) | $261,759 (5.8%) | 0.00 | 383 |
| 2019-12-01 | $215,000 (2.4%) | $243,269 (-0.7%) | 0.00 | 348 |
| 2020-01-01 | $217,350 (4.0%) | $246,776 (2.7%) | 0.00 | 325 |
| 2020-02-01 | $219,900 (10.4%) | $245,233 (-1.4%) | 0.00 | 303 |
| 2020-03-01 | $219,900 (8.1%) | $255,449 (1.0%) | 0.00 | 295 |
| 2020-04-01 | $219,950 (4.5%) | $259,413 (-2.4%) | 0.00 | 288 |
| 2020-05-01 | $229,000 (4.1%) | $265,851 (-4.0%) | 0.00 | 229 |
| 2020-06-01 | $238,913 (5.7%) | $270,630 (-2.8%) | 0.00 | 190 |
| 2020-07-01 | $242,425 (7.1%) | $289,336 (3.0%) | 0.00 | 192 |
| 2020-08-01 | $235,400 (8.1%) | $325,428 (18.4%) | 0.00 | 164 |
| 2020-09-01 | $237,025 (10.5%) | $376,082 (40.7%) | 0.00 | 160 |
| 2020-10-01 | $259,900 (21.6%) | $333,962 (26.6%) | 0.00 | 161 |
| 2020-11-01 | $249,100 (13.3%) | $330,895 (26.4%) | 0.00 | 169 |
| 2020-12-01 | $238,400 (10.9%) | $322,673 (32.6%) | 0.00 | 159 |
| 2021-01-01 | $244,900 (12.7%) | $335,672 (36.0%) | 0.00 | 147 |
| 2021-02-01 | $254,225 (15.6%) | $341,920 (39.4%) | 0.00 | 134 |
| 2021-03-01 | $264,000 (20.1%) | $361,134 (41.4%) | 0.00 | 119 |
| 2021-04-01 | $262,225 (19.2%) | $366,294 (41.2%) | 0.00 | 102 |
| 2021-05-01 | $279,950 (22.3%) | $386,920 (45.5%) | 0.00 | 102 |
| 2021-06-01 | $264,900 (10.9%) | $339,619 (25.5%) | 0.00 | 130 |
| 2021-07-01 | $259,900 (7.2%) | $338,744 (17.1%) | 0.00 | 139 |
| 2021-08-01 | $254,700 (8.2%) | $287,361 (-11.7%) | 0.00 | 198 |
| 2021-09-01 | $249,900 (5.4%) | $299,446 (-20.4%) | 0.00 | 195 |
| 2021-10-01 | $249,900 (-3.9%) | $294,379 (-11.9%) | 0.00 | 192 |
| 2021-11-01 | $254,500 (2.2%) | $293,964 (-11.2%) | 0.00 | 182 |
| 2021-12-01 | $255,450 (7.2%) | $309,980 (-3.9%) | 0.00 | 166 |
| 2022-01-01 | $257,450 (5.1%) | $317,532 (-5.4%) | 0.00 | 134 |
| 2022-02-01 | $268,450 (5.6%) | $337,826 (-1.2%) | 0.00 | 104 |
| 2022-03-01 | $268,675 (1.8%) | $345,398 (-4.4%) | 0.00 | 100 |
| 2022-04-01 | $284,900 (8.7%) | $357,977 (-2.3%) | 0.00 | 103 |
| 2022-05-01 | $297,175 (6.2%) | $353,181 (-8.7%) | 0.00 | 138 |
| 2022-06-01 | $292,400 (10.4%) | $347,282 (2.3%) | 0.00 | 185 |
| 2022-07-01 | $285,000 (9.7%) | $342,617 (1.1%) | 0.00 | 201 |
| 2022-08-01 | $291,975 (14.6%) | $348,607 (21.3%) | 0.00 | 214 |
| 2022-09-01 | $299,975 (20.0%) | $357,087 (19.3%) | 0.00 | 236 |
| 2022-10-01 | $299,950 (20.0%) | $361,516 (22.8%) | 0.00 | 262 |
| 2022-11-01 | $299,575 (17.7%) | $345,229 (17.4%) | 0.00 | 276 |
| 2022-12-01 | $298,900 (17.0%) | $340,437 (9.8%) | 0.00 | 263 |
| 2023-01-01 | $289,900 (12.6%) | $345,575 (8.8%) | 0.00 | 248 |
| 2023-02-01 | $308,625 (15.0%) | $372,732 (10.3%) | 0.00 | 217 |
Richmond - Berea's median listing price for 2023-02-01 was $308,625, a difference of
$40,175
(15.0%) versus the prior year and
$18,725 versus the prior month.
Richmond - Berea's median listing price comes in at 0% of the national average.
Richmond - Berea's average listing price for 2023-02-01 was $372,732, a difference of $34,906 (10.3%) versus the prior year and $27,157 versus the prior month.
For the 2023-02-01 period, Richmond - Berea had 217 MLS listings, a difference of -31 listings (-13%) versus the prior month and 113 listings (109%) versus the prior year.
Richmond - Berea's median listing price comes in at 0% of the national average.
Richmond - Berea's average listing price for 2023-02-01 was $372,732, a difference of $34,906 (10.3%) versus the prior year and $27,157 versus the prior month.
For the 2023-02-01 period, Richmond - Berea had 217 MLS listings, a difference of -31 listings (-13%) versus the prior month and 113 listings (109%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Richmond - Berea (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,025 sqft |
| 2018-02-01 | 0 days | 2,000 sqft |
| 2018-03-01 | 0 days | 1,949 sqft |
| 2018-04-01 | 0 days | 1,996 sqft |
| 2018-05-01 | 0 days | 2,000 sqft |
| 2018-06-01 | 0 days | 2,000 sqft |
| 2018-07-01 | 0 days | 2,007 sqft |
| 2018-08-01 | 0 days | 2,000 sqft |
| 2018-09-01 | 0 days | 2,000 sqft |
| 2018-10-01 | 0 days | 2,000 sqft |
| 2018-11-01 | 0 days | 2,007 sqft |
| 2018-12-01 | 0 days | 1,963 sqft |
| 2019-01-01 | 0 days | 1,946 sqft |
| 2019-02-01 | 0 days | 1,869 sqft |
| 2019-03-01 | 0 days | 1,914 sqft |
| 2019-04-01 | 0 days | 1,969 sqft |
| 2019-05-01 | 0 days | 2,057 sqft |
| 2019-06-01 | 0 days | 2,063 sqft |
| 2019-07-01 | 0 days | 2,056 sqft |
| 2019-08-01 | 0 days | 2,032 sqft |
| 2019-09-01 | 0 days | 2,007 sqft |
| 2019-10-01 | 0 days | 1,991 sqft |
| 2019-11-01 | 0 days | 1,920 sqft |
| 2019-12-01 | 0 days | 1,869 sqft |
| 2020-01-01 | 0 days | 1,861 sqft |
| 2020-02-01 | 0 days | 1,893 sqft |
| 2020-03-01 | 0 days | 1,969 sqft |
| 2020-04-01 | 0 days | 2,010 sqft |
| 2020-05-01 | 0 days | 1,936 sqft |
| 2020-06-01 | 0 days | 1,925 sqft |
| 2020-07-01 | 0 days | 1,885 sqft |
| 2020-08-01 | 0 days | 2,010 sqft |
| 2020-09-01 | 0 days | 2,053 sqft |
| 2020-10-01 | 0 days | 2,114 sqft |
| 2020-11-01 | 0 days | 1,966 sqft |
| 2020-12-01 | 0 days | 1,865 sqft |
| 2021-01-01 | 0 days | 1,942 sqft |
| 2021-02-01 | 0 days | 1,976 sqft |
| 2021-03-01 | 0 days | 2,043 sqft |
| 2021-04-01 | 0 days | 2,027 sqft |
| 2021-05-01 | 0 days | 2,036 sqft |
| 2021-06-01 | 0 days | 1,969 sqft |
| 2021-07-01 | 0 days | 1,901 sqft |
| 2021-08-01 | 0 days | 1,850 sqft |
| 2021-09-01 | 0 days | 1,783 sqft |
| 2021-10-01 | 0 days | 1,795 sqft |
| 2021-11-01 | 0 days | 1,822 sqft |
| 2021-12-01 | 0 days | 1,817 sqft |
| 2022-01-01 | 0 days | 1,745 sqft |
| 2022-02-01 | 0 days | 1,734 sqft |
| 2022-03-01 | 0 days | 1,722 sqft |
| 2022-04-01 | 0 days | 1,815 sqft |
| 2022-05-01 | 0 days | 1,779 sqft |
| 2022-06-01 | 0 days | 1,797 sqft |
| 2022-07-01 | 0 days | 1,787 sqft |
| 2022-08-01 | 0 days | 1,800 sqft |
| 2022-09-01 | 0 days | 1,820 sqft |
| 2022-10-01 | 0 days | 1,824 sqft |
| 2022-11-01 | 0 days | 1,813 sqft |
| 2022-12-01 | 0 days | 1,756 sqft |
| 2023-01-01 | 0 days | 1,747 sqft |
| 2023-02-01 | 0 days | 1,822 sqft |
Richmond - Berea's median listing age (time on market) for 2023-02-01 was 0 days.
Richmond - Berea's median square footage for active listings during the 2023-02-01 period was 1,822 sqft. One year prior, the average listing was 1,734 sqft.
Richmond - Berea's median square footage for active listings during the 2023-02-01 period was 1,822 sqft. One year prior, the average listing was 1,734 sqft.
Richmond-Berea, KY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,831 | $491,605,000 | $268,490 |
| Refi | 1,549 | $281,785,000 | $181,914 |
| Cash Out Refi | 572 | $114,550,000 | $200,262 |
| Home Improvement | 144 | $11,180,000 | $77,639 |
| Other | 111 | $9,335,000 | $84,099 |
Richmond - Berea's most frequently cited loan purpose was Home Purchase, with 1,831 originations. The 2nd most popular reason was Refi, with 1,549 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,637 | $380,065,000 | $232,172 |
| 2.5-3% | 1,492 | $303,610,000 | $203,492 |
| <2.5% | 656 | $128,740,000 | $196,250 |
| 4-5% | 170 | $24,470,000 | $143,941 |
| 5-6% | 76 | $2,700,000 | $35,526 |
| 6-7% | 37 | $3,305,000 | $89,324 |
| Over 8% | 34 | $2,370,000 | $69,706 |
| 7-8% | 19 | $1,295,000 | $68,158 |
During 2021, Richmond - Berea's most frequently originated rate bucket was 3-4%, with 1,637 originations.
Loan Sizing (Richmond-Berea, KY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,944 | $293,120,000 | $150,782 |
| $200k-400k | 1,410 | $369,130,000 | $261,794 |
| $100,000 or less | 678 | $41,750,000 | $61,578 |
| $400k-600k | 127 | $58,725,000 | $462,402 |
| $600k-1000k | 26 | $19,360,000 | $744,615 |
| $Over $1MM | 22 | $126,370,000 | $5,744,091 |
Richmond - Berea's loan sizing saw the bucket of loans from $100k-200k with 1,944 originations, totaling $293,120,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,725 | $381,545,000 | $221,186 |
| 60-80% | 1,225 | $281,015,000 | $229,400 |
| 40-60% | 504 | $103,730,000 | $205,813 |
| 20-40% | 259 | $24,745,000 | $95,541 |
| Under 20% | 184 | $9,020,000 | $49,022 |
| Over 100% | 68 | $16,700,000 | $245,588 |
Richmond - Berea's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,725 originations, totaling $381,545,000 in origination value.