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 6.43% for the week of 2024-02-22, compared to the national average of 6.9% for the same period.

The average rate for the prior week (2024-02-15) was 6.5% and one month ago for the week of 2024-01-18, the average rate was 6.13%.

Richmond - Berea's average rate one year ago was 6.38%.

For refis of the same type during the week of 2024-02-22, the average rate was 6.08%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-22 6.9%
Richmond - Berea 30 Year Fixed Rate 2024-02-22 6.43%
Richmond - Berea 30 Year Fixed Rate Refi 2024-02-22 6.08%
Richmond - Berea 15 Year Fixed Rate 2024-02-22 6.39%
Richmond - Berea 15 Year Fixed Rate Refi 2024-02-22 6.59%
Richmond - Berea 30 Year FHA 2024-02-22 -0.43%
Richmond - Berea 30 Year FHA Refi 2024-02-22 0.2%
Richmond - Berea 30 Year USDA 2024-02-22 0.1%
Richmond - Berea 30 Year USDA Refi 2024-02-22 0%
Richmond - Berea 30 Year VA 2024-02-22 -0.09%
Richmond - Berea 30 Year VA Refi 2024-02-22 -0.2%
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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
ARK-LA-TEX FINANCIAL SERVICES, LLC. 81 5.21% $4,208
QUICKEN LOANS, LLC 63 4.82% $5,913
GENEVA FINANCIAL, LLC 59 5.26% $4,861
STOCKTON MORTGAGE CORPORATION 47 5.10% $3,993
U.S. Bank 42 5.07% $3,381
Central Bank 30 4.81% $2,352
PARK COMMUNITY CREDIT UNION, INC. 30 4.55% $2,493
JPMorgan Chase Bank 30 5.14% $3,534
Guardian Savings Bank, A Federal Savings Bank 27 3.92% $887
Community Trust Bank, Inc. 27 4.95% $2,101
Stock Yards Bank & Trust Company 25 5.00% $3,245
LOANDEPOT.COM, LLC 22 4.69% $3,987
Bank of England 18 5.26% $5,163
Fifth Third Bank 17 4.62% $3,539
UNITED WHOLESALE MORTGAGE, LLC 16 5.51% $4,877
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 4.99% $3,772
Hometown Lenders, Inc. 13 4.73% $4,904
HOMESIDE FINANCIAL, LLC 13 5.97% $3,791
Republic State Mortgage Co. 12 4.93% $5,603
Prosperity Home Mortgage, LLC 9 5.29% $4,342
PNC Bank 9 4.79% $3,860
Farm Credit Mid-America, ACA 9 5.05% $7,869
Renasant Bank 9 4.40% $4,238
Mr. Cooper ( Nationstar Mortgage ) 8 5.03% $6,366
FREEDOM MORTGAGE CORPORATION 8 4.56% $5,300
Wells Fargo Bank 8 4.56% $4,056
GUARANTEED RATE, INC. 8 5.64% $4,366
FINANCE OF AMERICA MORTGAGE LLC 8 5.11% $5,672
Republic Bank & Trust Company 7 4.70% $3,282
Northpointe Bank 7 4.36% $6,673
Bank of America 6 4.94% $6,386
PROVIDENT FUNDING ASSOCIATES, L.P. 6 4.79% $3,561
GoPrime Mortgage, Inc. 6 5.69% $5,899
Citizens Bank 5 4.50% $4,261
COMMONWEALTH 5 3.98% $2,465
CHURCHILL MORTGAGE CORPORATION 5 4.65% $4,708
EVERETT FINANCIAL, INC. 5 5.68% $2,237
FBC MORTGAGE, LLC 5 4.67% $4,357
GUARANTY HOME MORTGAGE CORPORATION 5 4.20% $2,958
AMERISAVE MORTGAGE CORPORATION 5 4.95% $9,503
The Huntington National Bank 5 4.37% $3,973
Traditional Bank, Inc. 4 4.74% $2,556
Whitaker Bank 4 5.75% $3,386
Mortgage Research Center, LLC 4 4.06% $2,405
WesBanco 4 3.75% $3,809
MUTUAL OF OMAHA MORTGAGE, INC. 4 6.56% $5,401
NAVY FEDERAL CREDIT UNION 4 5.53% $3,391
DAS Acquisition Company, LLC 4 4.66% $4,851
L & N Federal Credit Union 4 5.16% $2,278
LAKEVIEW LOAN SERVICING, LLC 4 5.34% $4,573
KELLER MORTGAGE, LLC 4 4.13% $3,646
ZILLOW HOME LOANS, LLC 3 4.75% $4,652
Ally Bank 3 5.17% $3,994
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.13% $5,646
BROKER SOLUTIONS, INC. 3 4.50% $5,125
CROSSCOUNTRY MORTGAGE, LLC 3 5.50% $6,211
First Financial Bank 3 4.71% $3,269
HOME POINT FINANCIAL CORPORATION 3 4.71% $4,593
MOVEMENT MORTGAGE, LLC 3 4.21% $4,336
Peoples Exchange Bank 3 4.87% $2,777
The Citizens National Bank of Somerset 3 4.38% $2,728
UNIFY FINANCIAL Credit Union 3 4.70% $1,448
Union Savings Bank 3 3.67% $333
VANDERBILT MORTGAGE AND FINANCE, INC. 3 8.08% $6,538
The Monticello Banking Company 2 4.38% $3,137
MEMBERS HERITAGE Credit Union 2 3.88% $2,691
CARDINAL FINANCIAL 2 4.06% $2,198
PENNYMAC LOAN SERVICES, LLC 2 4.63% $6,305
AMERICAN MORTGAGE SERVICE COMPANY 2 5.06% $5,052
Truist 2 5.93% $4,025
BETTER MORTGAGE CORPORATION 2 4.00% $4,637
BAY EQUITY LLC 2 5.81% $3,252
UNION HOME MORTGAGE CORP. 2 6.38% $4,895
Wyndham Capital Mortgage, Inc. 2 5.19% $6,733
AMERICAN INTERNET MORTGAGE, INC. 2 4.44% $3,017
MORTGAGE ACCESS CORP. 2 5.38% $4,544
City National Bank of West Virginia 2 3.38% $1,812
First Savings Bank 2 4.19% $6,641
GUARANTEED RATE AFFINITY, LLC 2 4.44% $5,195
ENVOY MORTGAGE, LTD 2 3.75% $5,275
Forcht Bank 2 4.12% $2,207
ROYAL UNITED MORTGAGE LLC 2 4.38% $4,660
Century Mortgage Company DBA Century Lending Company 2 3.50% $5,634
1st National Bank 2 4.69% $3,720
PHH Mortgage Corporation 1 3.88% $4,299
PLAZA HOME MORTGAGE, INC. 1 3.63% $2,994
CALIBER HOME LOANS, INC. 1 3.25% $1,575
POLARIS HOME FUNDING CORP. 1 6.63% $3,863
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.13% $7,812
BMO Harris Bank 1 4.25% $5,033
RELIANCE FIRST CAPITAL, LLC 1 4.99% $5,519
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.50% $4,831
Arvest Bank 1 3.75% $3,613
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 8.38% $10,913
RUOFF MORTGAGE COMPANY, INC. 1 6.63% $4,018
Signature Federal Credit Union 1 5.75% $9,157
SOUTH CENTRAL BANK, INC. 1 5.38% $2,758
ANGEL OAK HOME LOANS LLC 1 8.38% $7,449
AmeriHome Mortgage Company, LLC 1 3.75% $2,711
SUCCESS MORTGAGE PARTNERS, INC. 1 5.38% $11,788
Summit Community Bank, Inc. 1 5.97% $3,740
SWBC MORTGAGE CORPORATION 1 4.13% $2,640
AgFirst Farm Credit Bank 1 5.88% $3,281
The Federal Savings Bank 1 5.25% $4,381
The Home Loan Expert LLC 1 4.88% $4,518
AMERIFIRST FINANCIAL CORPORATION 1 6.50% $3,957
The Paducah Bank and Trust Company 1 3.63% $3,337
THRIVE MORTGAGE, LLC 1 6.25% $8,135
TOP FLITE FINANCIAL, INC. 1 3.88% $9,467
UIF CORPORATION 1 6.00% $7,591
ACADEMY MORTGAGE CORPORATION 1 5.50% $6,196
USAA Federal Savings Bank 1 5.25% $2,440
AMERICAN FINANCING CORPORATION 1 5.00% $4,148
German American Bank 1 3.75% $3,979
Gateway First Bank 1 4.50% $4,973
Florida Capital Bank 1 3.88% $9,031
GUIDANCE RESIDENTIAL, LLC 1 7.50% $4,824
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $3,724
First Merchants Bank 1 5.25% $3,428
FirstBank 1 3.75% $3,133
Discover Bank 1 8.49% $0
LENDSURE MORTGAGE CORP. 1 9.00% $13,830
DESCO 1 3.00% $3,044
CORNERSTONE HOME LENDING, INC. 1 5.38% $3,406
MICHIGAN MUTUAL, INC. 1 3.63% $2,644
MID AMERICA MORTGAGE, INC. 1 4.13% $3,814
Morgan Stanley Private Bank 1 3.00% $4,027
VAN DYK MORTGAGE CORPORATION 1 3.25% $5,046
CITIZENS EQUITY FIRST 1 3.38% $1,478
M&T Bank 1 4.75% $2,993
Citadel Servicing Corporation 1 7.75% $7,044
NATIONS RELIABLE LENDING, LLC 1 5.25% $8,630
Charles Schwab Bank, SSB 1 1.80% $5,853
NBKC BANK 1 4.50% $9,490
OPTION FINANCIAL, LLC 1 5.38% $9,708
Peoples Bank 1 6.13% $3,084
ALTRA 1 5.50% $3,887

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 $184,550 (8.8%) $221,723 (10.6%) 0.00 348
2018-02-01 $183,175 (11.1%) $221,075 (10.2%) 0.00 329
2018-03-01 $188,000 (11.6%) $227,809 (10.4%) 0.00 308
2018-04-01 $196,225 (15.8%) $233,873 (10.5%) 0.00 294
2018-05-01 $197,950 (13.2%) $235,809 (7.9%) 0.00 318
2018-06-01 $189,900 (8.5%) $225,902 (1.6%) 0.00 359
2018-07-01 $189,900 (9.2%) $223,806 (2.4%) 0.00 375
2018-08-01 $189,900 (5.6%) $225,571 (0.8%) 0.00 403
2018-09-01 $199,900 (11.1%) $230,878 (3.1%) 0.00 406
2018-10-01 $209,450 (16.4%) $237,852 (8.8%) 0.00 411
2018-11-01 $199,400 (9.3%) $238,093 (8.6%) 0.00 403
2018-12-01 $198,900 (7.6%) $236,189 (6.3%) 0.00 386
2019-01-01 $197,250 (6.9%) $231,249 (4.3%) 0.00 348
2019-02-01 $189,900 (3.7%) $240,205 (8.7%) 0.00 350
2019-03-01 $192,921 (2.6%) $244,505 (7.3%) 0.00 351
2019-04-01 $202,475 (3.2%) $256,933 (9.9%) 0.00 341
2019-05-01 $214,175 (8.2%) $266,795 (13.1%) 0.00 322
2019-06-01 $217,500 (14.5%) $267,543 (18.4%) 0.00 334
2019-07-01 $219,675 (15.7%) $270,957 (21.1%) 0.00 354
2019-08-01 $215,427 (13.4%) $267,995 (18.8%) 0.00 375
2019-09-01 $212,318 (6.2%) $261,743 (13.4%) 0.00 406
2019-10-01 $210,295 (0.4%) $258,201 (8.6%) 0.00 426
2019-11-01 $215,000 (7.8%) $258,479 (8.6%) 0.00 412
2019-12-01 $213,250 (7.2%) $240,182 (1.7%) 0.00 372
2020-01-01 $215,000 (9.0%) $242,740 (5.0%) 0.00 350
2020-02-01 $215,000 (13.2%) $242,038 (0.8%) 0.00 332
2020-03-01 $219,900 (14.0%) $251,932 (3.0%) 0.00 319
2020-04-01 $219,900 (8.6%) $254,438 (-1.0%) 0.00 315
2020-05-01 $224,900 (5.0%) $259,660 (-2.7%) 0.00 258
2020-06-01 $236,425 (8.7%) $265,097 (-0.9%) 0.00 216
2020-07-01 $239,900 (9.2%) $282,981 (4.4%) 0.00 209
2020-08-01 $229,950 (6.7%) $314,266 (17.3%) 0.00 183
2020-09-01 $231,175 (8.9%) $359,347 (37.3%) 0.00 177
2020-10-01 $239,900 (14.1%) $321,011 (24.3%) 0.00 177
2020-11-01 $236,400 (10.0%) $316,387 (22.4%) 0.00 185
2020-12-01 $232,400 (9.0%) $309,929 (29.0%) 0.00 177
2021-01-01 $234,900 (9.3%) $319,568 (31.7%) 0.00 165
2021-02-01 $246,975 (14.9%) $330,647 (36.6%) 0.00 144
2021-03-01 $254,161 (15.6%) $349,012 (38.5%) 0.00 127
2021-04-01 $245,675 (11.7%) $351,637 (38.2%) 0.00 113
2021-05-01 $269,900 (20.0%) $365,079 (40.6%) 0.00 114
2021-06-01 $253,911 (7.4%) $325,541 (22.8%) 0.00 144
2021-07-01 $249,900 (4.2%) $323,568 (14.3%) 0.00 156
2021-08-01 $242,950 (5.7%) $276,257 (-12.1%) 0.00 224
2021-09-01 $240,450 (4.0%) $286,127 (-20.4%) 0.00 222
2021-10-01 $244,450 (1.9%) $280,558 (-12.6%) 0.00 222
2021-11-01 $246,450 (4.3%) $281,097 (-11.2%) 0.00 210
2021-12-01 $249,900 (7.5%) $300,302 (-3.1%) 0.00 180
2022-01-01 $249,900 (6.4%) $304,452 (-4.7%) 0.00 148
2022-02-01 $259,900 (5.2%) $323,945 (-2.0%) 0.00 113
2022-03-01 $267,400 (5.2%) $336,781 (-3.5%) 0.00 110
2022-04-01 $269,900 (9.9%) $348,121 (-1.0%) 0.00 111
2022-05-01 $290,700 (7.7%) $342,252 (-6.3%) 0.00 148
2022-06-01 $288,500 (13.6%) $339,414 (4.3%) 0.00 193
2022-07-01 $275,000 (10.0%) $330,721 (2.2%) 0.00 214
2022-08-01 $289,950 (19.4%) $340,895 (23.4%) 0.00 228
2022-09-01 $294,725 (22.6%) $348,842 (21.9%) 0.00 251
2022-10-01 $299,900 (22.7%) $353,670 (26.1%) 0.00 283
2022-11-01 $294,425 (19.5%) $337,107 (19.9%) 0.00 293
2022-12-01 $289,900 (16.0%) $333,892 (11.2%) 0.00 278
2023-01-01 $289,900 (16.0%) $342,302 (12.4%) 0.00 262
2023-02-01 $302,895 (16.5%) $368,416 (13.7%) 0.00 231
2023-03-01 $314,925 (17.8%) $378,289 (12.3%) 0.00 215
2023-04-01 $305,841 (13.3%) $377,813 (8.5%) 0.00 180
2023-05-01 $310,225 (6.7%) $384,077 (12.2%) 0.00 175
2023-06-01 $316,175 (9.6%) $373,318 (10.0%) 0.00 187
2023-07-01 $317,450 (15.4%) $364,377 (10.2%) 0.00 199
2023-08-01 $321,682 (10.9%) $367,088 (7.7%) 0.00 200
2023-09-01 $309,900 (5.2%) $351,595 (0.8%) 0.00 217
2023-10-01 $304,950 (1.7%) $347,954 (-1.6%) 0.00 242
2023-11-01 $319,450 (8.5%) $361,666 (7.3%) 0.00 266
2023-12-01 $319,900 (10.4%) $360,155 (7.9%) 0.00 241
Richmond - Berea's median listing price for 2023-12-01 was $319,900, a difference of $30,000 (10.4%) versus the prior year and $450 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 2023-12-01 was $360,155, a difference of $26,263 (7.9%) versus the prior year and $-1,511 versus the prior month.

For the 2023-12-01 period, Richmond - Berea had 241 MLS listings, a difference of -25 listings (-9%) versus the prior month and -37 listings (-13%) 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 1,984 sqft
2018-02-01 0 days 1,962 sqft
2018-03-01 0 days 1,931 sqft
2018-04-01 0 days 1,991 sqft
2018-05-01 0 days 2,000 sqft
2018-06-01 0 days 1,940 sqft
2018-07-01 0 days 1,997 sqft
2018-08-01 0 days 1,944 sqft
2018-09-01 0 days 1,973 sqft
2018-10-01 0 days 1,991 sqft
2018-11-01 0 days 1,944 sqft
2018-12-01 0 days 1,900 sqft
2019-01-01 0 days 1,907 sqft
2019-02-01 0 days 1,851 sqft
2019-03-01 0 days 1,878 sqft
2019-04-01 0 days 1,943 sqft
2019-05-01 0 days 2,023 sqft
2019-06-01 0 days 2,005 sqft
2019-07-01 0 days 2,029 sqft
2019-08-01 0 days 2,005 sqft
2019-09-01 0 days 1,993 sqft
2019-10-01 0 days 1,985 sqft
2019-11-01 0 days 1,929 sqft
2019-12-01 0 days 1,866 sqft
2020-01-01 0 days 1,860 sqft
2020-02-01 0 days 1,860 sqft
2020-03-01 0 days 1,936 sqft
2020-04-01 0 days 1,982 sqft
2020-05-01 0 days 1,888 sqft
2020-06-01 0 days 1,916 sqft
2020-07-01 0 days 1,864 sqft
2020-08-01 0 days 1,939 sqft
2020-09-01 0 days 1,982 sqft
2020-10-01 0 days 2,000 sqft
2020-11-01 0 days 1,909 sqft
2020-12-01 0 days 1,835 sqft
2021-01-01 0 days 1,862 sqft
2021-02-01 0 days 1,953 sqft
2021-03-01 0 days 1,989 sqft
2021-04-01 0 days 1,961 sqft
2021-05-01 0 days 1,948 sqft
2021-06-01 0 days 1,938 sqft
2021-07-01 0 days 1,872 sqft
2021-08-01 0 days 1,815 sqft
2021-09-01 0 days 1,770 sqft
2021-10-01 0 days 1,770 sqft
2021-11-01 0 days 1,810 sqft
2021-12-01 0 days 1,800 sqft
2022-01-01 0 days 1,740 sqft
2022-02-01 0 days 1,730 sqft
2022-03-01 0 days 1,715 sqft
2022-04-01 0 days 1,774 sqft
2022-05-01 0 days 1,730 sqft
2022-06-01 0 days 1,787 sqft
2022-07-01 0 days 1,760 sqft
2022-08-01 0 days 1,797 sqft
2022-09-01 0 days 1,817 sqft
2022-10-01 0 days 1,813 sqft
2022-11-01 0 days 1,800 sqft
2022-12-01 0 days 1,742 sqft
2023-01-01 0 days 1,743 sqft
2023-02-01 0 days 1,795 sqft
2023-03-01 0 days 1,916 sqft
2023-04-01 0 days 1,886 sqft
2023-05-01 0 days 1,898 sqft
2023-06-01 0 days 1,878 sqft
2023-07-01 0 days 1,894 sqft
2023-08-01 0 days 1,836 sqft
2023-09-01 0 days 1,820 sqft
2023-10-01 0 days 1,800 sqft
2023-11-01 0 days 1,814 sqft
2023-12-01 0 days 1,809 sqft
Richmond - Berea's median listing age (time on market) for 2023-12-01 was 0 days.

Richmond - Berea's median square footage for active listings during the 2023-12-01 period was 1,809 sqft. One year prior, the average listing was 1,742 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.