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
7.01%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
7.05% and
one month ago for the week of 2023-08-10, the
average rate was 6.59%.
Richmond - Berea's average rate one year ago was 5.82%.
For refis of the same type during the week of 2023-09-14, the average rate
was 6.46%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Richmond - Berea 30 Year Fixed Rate | 2023-09-14 | 7.01% |
| Richmond - Berea 30 Year Fixed Rate Refi | 2023-09-14 | 6.46% |
| Richmond - Berea 15 Year Fixed Rate | 2023-09-14 | 6.61% |
| Richmond - Berea 15 Year Fixed Rate Refi | 2023-09-14 | 6.51% |
| Richmond - Berea 30 Year FHA | 2023-09-14 | 6.36% |
| Richmond - Berea 30 Year FHA Refi | 2023-09-14 | 6.79% |
| Richmond - Berea 30 Year USDA | 2023-09-14 | 6.78% |
| Richmond - Berea 30 Year USDA Refi | 2023-09-14 | 6.88% |
| Richmond - Berea 30 Year VA | 2023-09-14 | 6.32% |
| Richmond - Berea 30 Year VA Refi | 2023-09-14 | 6.91% |
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 2,933
loans during 2022. The total origination value was $628,345,000, with an average loan value of
$214,233.
Richmond - Berea's average closing costs are $4,142.
The top Richmond - Berea lender as defined by loan originations is ARK-LA-TEX FINANCIAL SERVICES, LLC., with
81 loans originated. Their average total fees are
$4,208, which is $1,705
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 ($887), Community Trust Bank, Inc. ($2,101), Central Bank ($2,352), PARK COMMUNITY CREDIT UNION, INC. ($2,493) and Stock Yards Bank & Trust Company ($3,245).
The lowest rate Richmond - Berea lenders (with over 10 loans originated) are
Guardian Savings Bank, A Federal Savings Bank (3.92%), PARK COMMUNITY CREDIT UNION, INC. (4.55%), Fifth Third Bank (4.62%), LOANDEPOT.COM, LLC (4.69%) and Hometown Lenders, Inc. (4.73%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Whitaker Bank | $31,000,000 | $37,845,000 | 22.1% | 6.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $56,860,000 | $32,250,000 | -43.3% | 5.1% |
| QUICKEN LOANS, LLC | $67,085,000 | $26,675,000 | -60.2% | 4.2% |
| GENEVA FINANCIAL, LLC | $12,800,000 | $24,745,000 | 93.3% | 3.9% |
| Community Trust Bank, Inc. | $32,190,000 | $24,445,000 | -24.1% | 3.9% |
| Central Bank & Trust Company | $26,570,000 | $23,250,000 | -12.5% | 3.7% |
| Stock Yards Bank & Trust Company | $27,260,000 | $22,775,000 | -16.5% | 3.6% |
| STOCKTON MORTGAGE CORPORATION | $36,955,000 | $19,215,000 | -48.0% | 3.1% |
| U.S. Bank | $26,515,000 | $19,135,000 | -27.8% | 3.0% |
| The Monticello Banking Company | $15,530,000 | $19,095,000 | 23.0% | 3.0% |
| Fifth Third Bank | $17,420,000 | $18,170,000 | 4.3% | 2.9% |
| Mortgage Research Center, LLC | $15,785,000 | $15,905,000 | 0.8% | 2.5% |
| Forcht Bank | $4,630,000 | $15,770,000 | 240.6% | 2.5% |
| UNIVERSITY OF KENTUCKY | $11,435,000 | $13,710,000 | 19.9% | 2.2% |
| Cumberland Valley National Bank & Trust Company | $54,060,000 | $12,715,000 | -76.5% | 2.0% |
| Traditional Bank, Inc. | $3,775,000 | $12,480,000 | 230.6% | 2.0% |
| German American Bank | $11,255,000 | n/a | 1.8% | |
| PARK COMMUNITY CREDIT UNION, INC. | $9,700,000 | $11,165,000 | 15.1% | 1.8% |
| Guardian Savings Bank, A Federal Savings Bank | $19,780,000 | $10,240,000 | -48.2% | 1.6% |
| LOANDEPOT.COM, LLC | $13,595,000 | $9,520,000 | -30.0% | 1.5% |
| JPMorgan Chase Bank | $17,250,000 | $9,340,000 | -45.9% | 1.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $10,685,000 | $8,525,000 | -20.2% | 1.4% |
| First Southern National Bank | $6,075,000 | $8,460,000 | 39.3% | 1.3% |
| PNC Bank | $7,695,000 | $7,640,000 | -0.7% | 1.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $24,805,000 | $7,275,000 | -70.7% | 1.2% |
| Bank of England | $8,140,000 | $7,020,000 | -13.8% | 1.1% |
| Hometown Lenders, Inc. | $12,920,000 | $6,880,000 | -46.7% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $20,100,000 | $5,975,000 | -70.3% | 1.0% |
| HOMESIDE FINANCIAL, LLC | $2,080,000 | $5,630,000 | 170.7% | 0.9% |
| DAS Acquisition Company, LLC | $10,720,000 | $4,845,000 | -54.8% | 0.8% |
| Republic State Mortgage Co. | $6,435,000 | $4,625,000 | -28.1% | 0.7% |
| Farm Credit Mid-America, ACA | $1,345,000 | $4,555,000 | 238.7% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $6,165,000 | $4,435,000 | -28.1% | 0.7% |
| Peoples Exchange Bank | $4,715,000 | $4,415,000 | -6.4% | 0.7% |
| GUARANTEED RATE, INC. | $2,395,000 | $4,055,000 | 69.3% | 0.6% |
| Prosperity Home Mortgage, LLC | $4,735,000 | $4,010,000 | -15.3% | 0.6% |
| Bank of America | $1,000,000 | $3,735,000 | 273.5% | 0.6% |
| Northpointe Bank | $2,705,000 | $3,435,000 | 27.0% | 0.5% |
| Truist | $4,850,000 | $3,425,000 | -29.4% | 0.5% |
| COMMONWEALTH | $4,720,000 | $3,395,000 | -28.1% | 0.5% |
| GoPrime Mortgage, Inc. | $6,405,000 | $3,375,000 | -47.3% | 0.5% |
| FINANCE OF AMERICA MORTGAGE LLC | $2,590,000 | $3,295,000 | 27.2% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,160,000 | $3,290,000 | -54.1% | 0.5% |
| Renasant Bank | $4,000,000 | $3,200,000 | -20.0% | 0.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,850,000 | $3,165,000 | -17.8% | 0.5% |
| USAA Federal Savings Bank | $1,795,000 | $3,160,000 | 76.0% | 0.5% |
| Century Mortgage Company DBA Century Lending Company | $715,000 | $2,990,000 | 318.2% | 0.5% |
| BROKER SOLUTIONS, INC. | $2,635,000 | $2,925,000 | 11.0% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $8,825,000 | $2,805,000 | -68.2% | 0.4% |
| Wells Fargo Bank | $6,195,000 | $2,765,000 | -55.4% | 0.4% |
| HOME POINT FINANCIAL CORPORATION | $1,815,000 | $2,680,000 | 47.7% | 0.4% |
| CHURCHILL MORTGAGE CORPORATION | $2,015,000 | $2,665,000 | 32.3% | 0.4% |
| The Huntington National Bank | $1,165,000 | $2,625,000 | 125.3% | 0.4% |
| FBC MORTGAGE, LLC | $3,325,000 | $2,575,000 | -22.6% | 0.4% |
| WALKER & DUNLOP, LLC | $2,535,000 | n/a | 0.4% | |
| Citizens Bank | $1,660,000 | $2,530,000 | 52.4% | 0.4% |
| EVERETT FINANCIAL, INC. | $255,000 | $2,515,000 | 886.3% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $7,445,000 | $2,355,000 | -68.4% | 0.4% |
| Republic Bank & Trust Company | $3,130,000 | $2,260,000 | -27.8% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $11,075,000 | $2,100,000 | -81.0% | 0.3% |
| The Federal Savings Bank | $1,245,000 | $1,935,000 | 55.4% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,905,000 | $1,850,000 | -2.9% | 0.3% |
| First State Bank of the Southeast, Inc. | $2,420,000 | $1,845,000 | -23.8% | 0.3% |
| The Farmers Bank | $770,000 | $1,795,000 | 133.1% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $3,385,000 | $1,775,000 | -47.6% | 0.3% |
| WesBanco Bank, Inc. | $2,180,000 | $1,770,000 | -18.8% | 0.3% |
| Citizens Commerce Bank | $705,000 | $1,725,000 | 144.7% | 0.3% |
| NEW DAY FINANCIAL, LLC | $2,660,000 | $1,725,000 | -35.2% | 0.3% |
| Sierra Pacific Mortgage Company, Inc. | $7,565,000 | $1,720,000 | -77.3% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,145,000 | $1,705,000 | -20.5% | 0.3% |
| AMERICAN MORTGAGE SERVICE COMPANY | $3,970,000 | $1,670,000 | -57.9% | 0.3% |
| Carrington Mortgage Services, LLC | $3,185,000 | $1,660,000 | -47.9% | 0.3% |
| GUARANTY HOME MORTGAGE CORPORATION | $2,510,000 | $1,605,000 | -36.1% | 0.3% |
| MID AMERICA MORTGAGE, INC. | $995,000 | $1,510,000 | 51.8% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $4,840,000 | $1,470,000 | -69.6% | 0.2% |
| NEWREZ LLC | $4,235,000 | $1,360,000 | -67.9% | 0.2% |
| CMG MORTGAGE, INC. | $470,000 | $1,315,000 | 179.8% | 0.2% |
| CALIBER HOME LOANS, INC. | $5,190,000 | $1,265,000 | -75.6% | 0.2% |
| Citizens Bank of Kentucky, Inc. | $1,880,000 | $1,180,000 | -37.2% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,085,000 | $1,115,000 | 2.8% | 0.2% |
| Flagstar Bank, FSB | $1,770,000 | $1,100,000 | -37.9% | 0.2% |
| Summit Community Bank, Inc. | $4,100,000 | $1,055,000 | -74.3% | 0.2% |
| L & N Federal Credit Union | $2,510,000 | $1,050,000 | -58.2% | 0.2% |
| KELLER MORTGAGE, LLC | $2,230,000 | $1,005,000 | -54.9% | 0.2% |
| First Financial Bank | $17,865,000 | $950,000 | -94.7% | 0.2% |
| City National Bank of West Virginia | $250,000 | $945,000 | 278.0% | 0.2% |
| ENVOY MORTGAGE, LTD | $2,295,000 | $895,000 | -61.0% | 0.1% |
| MORTGAGE SUPPLIERS, INC. | $4,610,000 | $895,000 | -80.6% | 0.1% |
| MEMBERS HERITAGE Credit Union | $2,530,000 | $885,000 | -65.0% | 0.1% |
| Union Savings Bank | $825,000 | $870,000 | 5.5% | 0.1% |
| SOUTHWEST FUNDING, LP | $855,000 | n/a | 0.1% | |
| UNIFY FINANCIAL Credit Union | $830,000 | $845,000 | 1.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $400,000 | $840,000 | 110.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,145,000 | $825,000 | -27.9% | 0.1% |
| SOUTH CENTRAL BANK, INC. | $2,470,000 | $785,000 | -68.2% | 0.1% |
| The Citizens National Bank of Somerset | $1,260,000 | $765,000 | -39.3% | 0.1% |
| BMO Harris Bank | $745,000 | n/a | 0.1% | |
| AMERICAN INTERNET MORTGAGE, INC. | $235,000 | $730,000 | 210.6% | 0.1% |
| Ally Bank | $615,000 | $715,000 | 16.3% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $820,000 | $685,000 | -16.5% | 0.1% |
| Independence Bank of Kentucky | $675,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $665,000 | $655,000 | -1.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,345,000 | $650,000 | -51.7% | 0.1% |
| BAY EQUITY LLC | $615,000 | n/a | 0.1% | |
| Armed Forces Bank | $585,000 | n/a | 0.1% | |
| NBKC BANK | $345,000 | $550,000 | 59.4% | 0.1% |
| Charles Schwab Bank, SSB | $545,000 | n/a | 0.1% | |
| Central Kentucky Agricultural Credit Association | $160,000 | $540,000 | 237.5% | 0.1% |
| UNION HOME MORTGAGE CORP. | $510,000 | $535,000 | 4.9% | 0.1% |
| Nations Lending Corporation | $845,000 | $520,000 | -38.5% | 0.1% |
| Morgan Stanley Private Bank | $515,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $205,000 | $505,000 | 146.3% | 0.1% |
| 1st National Bank | $500,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $500,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $450,000 | $485,000 | 7.8% | 0.1% |
| AMCAP MORTGAGE, LTD. | $215,000 | $475,000 | 120.9% | 0.1% |
| AMERICAN ADVISORS GROUP | $165,000 | $465,000 | 181.8% | 0.1% |
| FirstBank | $230,000 | $460,000 | 100.0% | 0.1% |
| Old National Bank | $1,860,000 | $455,000 | -75.5% | 0.1% |
| Regions Bank | $715,000 | $435,000 | -39.2% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $970,000 | $405,000 | -58.2% | 0.1% |
| THRIVE MORTGAGE, LLC | $145,000 | $405,000 | 179.3% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $1,100,000 | $400,000 | -63.6% | 0.1% |
| Arvest Bank | $395,000 | n/a | 0.1% | |
| M&T Bank | $605,000 | $395,000 | -34.7% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $395,000 | n/a | 0.1% | |
| MORTGAGE ACCESS CORP. | $380,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $2,945,000 | $370,000 | -87.4% | 0.1% |
| FLAT BRANCH MORTGAGE, INC. | $355,000 | n/a | 0.1% | |
| Plains Commerce Bank | $355,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $390,000 | $350,000 | -10.3% | 0.1% |
| DATA MORTGAGE, INC. | $345,000 | n/a | 0.1% | |
| Discover Bank | $400,000 | $345,000 | -13.8% | 0.1% |
| ANGEL OAK HOME LOANS LLC | $335,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $985,000 | $335,000 | -66.0% | 0.1% |
| Magnolia Bank | $1,335,000 | $335,000 | -74.9% | 0.1% |
| First Savings Bank | $485,000 | $330,000 | -32.0% | 0.1% |
| OPTION FINANCIAL, LLC | $135,000 | $325,000 | 140.7% | 0.1% |
| Signature Federal Credit Union | $315,000 | n/a | 0.1% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $105,000 | $315,000 | 200.0% | 0.1% |
| Florida Capital Bank | $305,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $535,000 | $295,000 | -44.9% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $135,000 | $290,000 | 114.8% | 0.0% |
| AMERIFIRST FINANCIAL CORPORATION | $750,000 | $290,000 | -61.3% | 0.0% |
| EQUITY RESOURCES, INC. | $285,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $285,000 | n/a | 0.0% | |
| INTERLINC MORTGAGE SERVICES, LLC | $195,000 | $285,000 | 46.2% | 0.0% |
| LENDSURE MORTGAGE CORP. | $285,000 | n/a | 0.0% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $940,000 | $285,000 | -69.7% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $315,000 | $275,000 | -12.7% | 0.0% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $275,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $275,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $275,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $265,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $615,000 | $260,000 | -57.7% | 0.0% |
| BETTER MORTGAGE CORPORATION | $3,795,000 | $260,000 | -93.1% | 0.0% |
| DESCO | $245,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $815,000 | $245,000 | -69.9% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $245,000 | n/a | 0.0% | |
| GVC MORTGAGE, INC. | $235,000 | n/a | 0.0% | |
| UIF CORPORATION | $235,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $535,000 | $225,000 | -57.9% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $225,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $225,000 | n/a | 0.0% | |
| VICTORY MORTGAGE, L.L.C. | $225,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,780,000 | $215,000 | -87.9% | 0.0% |
| First Merchants Bank | $205,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $3,095,000 | $205,000 | -93.4% | 0.0% |
| SPRING EQ, LLC | $25,000 | $205,000 | 720.0% | 0.0% |
| Appalachian Community Federal Credit Union | $200,000 | n/a | 0.0% | |
| AgFirst Farm Credit Bank | $195,000 | n/a | 0.0% | |
| Home Federal Bank Corporation | $315,000 | $195,000 | -38.1% | 0.0% |
| The Paducah Bank and Trust Company | $195,000 | n/a | 0.0% | |
| ALTRA | $155,000 | $185,000 | 19.4% | 0.0% |
| FAY SERVICING, LLC | $185,000 | n/a | 0.0% | |
| Peoples Bank | $365,000 | $180,000 | -50.7% | 0.0% |
| First Option Mortgage, LLC | $835,000 | $175,000 | -79.0% | 0.0% |
| HAMILTON HOME LOANS, INC. | $1,235,000 | $175,000 | -85.8% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $175,000 | $175,000 | 0.0% | 0.0% |
| The Home Loan Expert LLC | $175,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $560,000 | $175,000 | -68.8% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $75,000 | $165,000 | 120.0% | 0.0% |
| Citadel Servicing Corporation | $165,000 | n/a | 0.0% | |
| EVANSVILLE TEACHERS | $1,515,000 | $160,000 | -89.4% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $155,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $810,000 | $145,000 | -82.1% | 0.0% |
| CITIZENS EQUITY FIRST | $145,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $145,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $85,000 | $140,000 | 64.7% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $155,000 | $135,000 | -12.9% | 0.0% |
| PHH Mortgage Corporation | $295,000 | $125,000 | -57.6% | 0.0% |
| Gateway First Bank | $115,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $115,000 | n/a | 0.0% | |
| Park Lane Finance Solutions, LLC | $120,000 | $115,000 | -4.2% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $115,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $100,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $85,000 | n/a | 0.0% | |
| The Cecilian Bank | $230,000 | $85,000 | -63.0% | 0.0% |
| Mercantile Bank of Michigan | $185,000 | $75,000 | -59.5% | 0.0% |
| POLARIS HOME FUNDING CORP. | $215,000 | $75,000 | -65.1% | 0.0% |
| Centier Bank | $65,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $65,000 | n/a | 0.0% | |
| CORNING | $55,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $25,000 | n/a | 0.0% | |
| INTOUCH CREDIT UNION | $25,000 | n/a | 0.0% |
Richmond - Berea's top lender by overall market share is Whitaker Bank, with 6.0% market share. In second place, with 5.1%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $32,250,000 in loans. In third place, with 4.2%, is QUICKEN LOANS, LLC, having originated $26,675,000 in loans. In fourth place, with 3.9%, is GENEVA FINANCIAL, LLC, having originated $24,745,000 in loans. In fifth place, with 3.9%, is Community Trust Bank, Inc., having originated $24,445,000 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 |
| 2023-03-01 | $324,475 (20.8%) | $385,241 (11.5%) | 0.00 | 202 |
| 2023-04-01 | $312,900 (9.8%) | $384,931 (7.5%) | 0.00 | 165 |
| 2023-05-01 | $316,900 (6.6%) | $393,803 (11.5%) | 0.00 | 158 |
| 2023-06-01 | $319,900 (9.4%) | $380,820 (9.7%) | 0.00 | 171 |
| 2023-07-01 | $324,232 (13.8%) | $373,352 (9.0%) | 0.00 | 182 |
| 2023-08-01 | $324,616 (11.2%) | $377,945 (8.4%) | 0.00 | 185 |
Richmond - Berea's median listing price for 2023-08-01 was $324,616, a difference of
$32,641
(11.2%) versus the prior year and
$384 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 2023-08-01 was $377,945, a difference of $29,338 (8.4%) versus the prior year and $4,593 versus the prior month.
For the 2023-08-01 period, Richmond - Berea had 185 MLS listings, a difference of 3 listings (2%) versus the prior month and -29 listings (-14%) 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 2023-08-01 was $377,945, a difference of $29,338 (8.4%) versus the prior year and $4,593 versus the prior month.
For the 2023-08-01 period, Richmond - Berea had 185 MLS listings, a difference of 3 listings (2%) versus the prior month and -29 listings (-14%) 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 | 1,785 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 |
| 2023-03-01 | 0 days | 1,953 sqft |
| 2023-04-01 | 0 days | 1,900 sqft |
| 2023-05-01 | 0 days | 1,911 sqft |
| 2023-06-01 | 0 days | 1,896 sqft |
| 2023-07-01 | 0 days | 1,898 sqft |
| 2023-08-01 | 0 days | 1,870 sqft |
Richmond - Berea's median listing age (time on market) for 2023-08-01 was 0 days.
Richmond - Berea's median square footage for active listings during the 2023-08-01 period was 1,870 sqft. One year prior, the average listing was 1,800 sqft.
Richmond - Berea's median square footage for active listings during the 2023-08-01 period was 1,870 sqft. One year prior, the average listing was 1,800 sqft.
Richmond-Berea, KY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,598 | $438,790,000 | $274,587 |
| Refi | 497 | $90,595,000 | $182,284 |
| Cash Out Refi | 351 | $62,075,000 | $176,852 |
| Other | 248 | $19,290,000 | $77,782 |
| Home Improvement | 239 | $17,595,000 | $73,619 |
Richmond - Berea's most frequently cited loan purpose was Home Purchase, with 1,598 originations. The 2nd most popular reason was Refi, with 497 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 748 | $186,470,000 | $249,291 |
| 3-4% | 707 | $157,315,000 | $222,511 |
| 4-5% | 665 | $157,665,000 | $237,090 |
| 6-7% | 302 | $48,490,000 | $160,563 |
| 2.5-3% | 160 | $24,990,000 | $156,188 |
| 7-8% | 107 | $13,645,000 | $127,523 |
| <2.5% | 73 | $11,535,000 | $158,014 |
| Over 8% | 67 | $5,505,000 | $82,164 |
During 2022, Richmond - Berea's most frequently originated rate bucket was 5-6%, with 748 originations.
Loan Sizing (Richmond-Berea, KY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,010 | $271,060,000 | $268,376 |
| $100k-200k | 960 | $144,680,000 | $150,708 |
| $100,000 or less | 768 | $42,750,000 | $55,664 |
| $400k-600k | 130 | $61,130,000 | $470,231 |
| $600k-1000k | 33 | $25,405,000 | $769,848 |
| $Over $1MM | 32 | $83,320,000 | $2,603,750 |
Richmond - Berea's loan sizing saw the bucket of loans from $200k-400k with 1,010 originations, totaling $271,060,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,133 | $293,855,000 | $259,360 |
| 60-80% | 654 | $173,640,000 | $265,505 |
| 20-40% | 348 | $35,030,000 | $100,661 |
| 40-60% | 316 | $71,820,000 | $227,278 |
| Under 20% | 311 | $13,375,000 | $43,006 |
| Over 100% | 47 | $13,355,000 | $284,149 |
Richmond - Berea's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,133 originations, totaling $293,855,000 in origination value.