Richmond - Berea Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Richmond - Berea 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
6.83% and
one month ago for the week of 2025-05-15, the
average rate was 6.9%.
Richmond - Berea's average rate one year ago was 6.84%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.08%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Richmond - Berea 30 Year Fixed Rate | 2025-06-18 | 7% |
| Richmond - Berea 30 Year Fixed Rate Refi | 2025-06-18 | 7.08% |
| Richmond - Berea 15 Year Fixed Rate | 2025-06-18 | 5.76% |
| Richmond - Berea 15 Year Fixed Rate Refi | 2025-06-18 | 6.46% |
| Richmond - Berea 30 Year FHA | 2025-06-18 | 0.02% |
| Richmond - Berea 30 Year FHA Refi | 2025-06-18 | 0.1% |
| Richmond - Berea 30 Year USDA | 2025-06-18 | 0.2% |
| Richmond - Berea 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Richmond - Berea 30 Year VA | 2025-06-18 | 0.29% |
| Richmond - Berea 30 Year VA Refi | 2025-06-18 | 0.1% |
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 112 lenders originated 2,285
loans during 2024. The total origination value was $520,205,000, with an average loan value of
$227,661.
Richmond - Berea's average closing costs are $4,594.
The top Richmond - Berea lender as defined by loan originations is ARK-LA-TEX FINANCIAL SERVICES, LLC., with
49 loans originated. Their average total fees are
$3,591, which is $1,639
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 ($2,277), Community Trust Bank, Inc. ($2,482), Whitaker Bank ($2,580), Central Bank ($3,042) and PARK COMMUNITY CREDIT UNION, INC. ($3,062).
The lowest rate Richmond - Berea lenders (with over 10 loans originated) are
PARK COMMUNITY CREDIT UNION, INC. (6.28%), T2 FINANCIAL LLC (6.43%), Central Bank (6.48%), Community Trust Bank, Inc. (6.50%) and Whitaker Bank (6.57%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Whitaker Bank | $40,080,000 | $27,735,000 | -30.8% | 5.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $20,065,000 | $26,195,000 | 30.6% | 5.0% |
| Stock Yards Bank & Trust Company | $14,470,000 | $22,165,000 | 53.2% | 4.3% |
| QUICKEN LOANS, LLC | $19,810,000 | $21,965,000 | 10.9% | 4.2% |
| T2 FINANCIAL LLC | $20,805,000 | n/a | 4.0% | |
| GENEVA FINANCIAL, LLC | $34,670,000 | $20,620,000 | -40.5% | 4.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $13,310,000 | $17,900,000 | 34.5% | 3.4% |
| Community Trust Bank, Inc. | $14,810,000 | $17,190,000 | 16.1% | 3.3% |
| U.S. Bank | $12,090,000 | $16,735,000 | 38.4% | 3.2% |
| COMMONWEALTH | $5,755,000 | $15,555,000 | 170.3% | 3.0% |
| Mortgage Research Center, LLC | $10,930,000 | $13,615,000 | 24.6% | 2.6% |
| STOCKTON MORTGAGE CORPORATION | $12,570,000 | $12,630,000 | 0.5% | 2.4% |
| BROKER SOLUTIONS, INC. | $1,780,000 | $11,370,000 | 538.8% | 2.2% |
| Central Bank | $13,785,000 | $11,050,000 | -19.8% | 2.1% |
| Traditional Bank, Inc. | $9,585,000 | $9,775,000 | 2.0% | 1.9% |
| Magnolia Bank | $1,035,000 | $9,770,000 | 844.0% | 1.9% |
| FREEDOM MORTGAGE CORPORATION | $2,010,000 | $7,165,000 | 256.5% | 1.4% |
| UNIVERSITY OF KENTUCKY | $12,040,000 | $7,130,000 | -40.8% | 1.4% |
| Cumberland Valley National Bank & Trust Company | $5,135,000 | $6,910,000 | 34.6% | 1.3% |
| PENNYMAC LOAN SERVICES, LLC | $2,410,000 | $6,195,000 | 157.1% | 1.2% |
| First Southern National Bank | $4,895,000 | $6,125,000 | 25.1% | 1.2% |
| RUOFF MORTGAGE COMPANY, INC. | $3,810,000 | $5,965,000 | 56.6% | 1.1% |
| The Monticello Banking Company | $4,530,000 | $5,820,000 | 28.5% | 1.1% |
| Guardian Savings Bank, A Federal Savings Bank | $9,050,000 | $5,730,000 | -36.7% | 1.1% |
| PARK COMMUNITY CREDIT UNION, INC. | $7,325,000 | $5,675,000 | -22.5% | 1.1% |
| WALKER & DUNLOP, LLC | $5,555,000 | n/a | 1.1% | |
| Fifth Third Bank | $2,880,000 | $5,485,000 | 90.5% | 1.1% |
| Ixonia Bank | $5,325,000 | n/a | 1.0% | |
| JPMorgan Chase Bank | $4,975,000 | $5,285,000 | 6.2% | 1.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $4,075,000 | $5,155,000 | 26.5% | 1.0% |
| Republic State Mortgage Co. | $2,880,000 | $5,125,000 | 78.0% | 1.0% |
| DAS Acquisition Company, LLC | $3,245,000 | $4,945,000 | 52.4% | 1.0% |
| NAVY FEDERAL CREDIT UNION | $3,665,000 | $4,830,000 | 31.8% | 0.9% |
| PNC Bank | $5,300,000 | $4,830,000 | -8.9% | 0.9% |
| Republic Bank & Trust Company | $5,240,000 | $4,145,000 | -20.9% | 0.8% |
| Bank of Lexington, Inc. | $475,000 | $4,085,000 | 760.0% | 0.8% |
| UNION HOME MORTGAGE CORP. | $2,905,000 | $4,015,000 | 38.2% | 0.8% |
| Bank of England | $3,720,000 | $3,950,000 | 6.2% | 0.8% |
| Bank of the Bluegrass & Trust Co. | $85,000 | $3,435,000 | 3,941.2% | 0.7% |
| USAA Federal Savings Bank | $1,950,000 | $3,255,000 | 66.9% | 0.6% |
| First Financial Bank | $775,000 | $3,080,000 | 297.4% | 0.6% |
| GoPrime Mortgage, Inc. | $1,695,000 | $3,045,000 | 79.6% | 0.6% |
| NEWREZ LLC | $1,445,000 | $2,815,000 | 94.8% | 0.5% |
| HOMESIDE FINANCIAL, LLC | $7,565,000 | $2,750,000 | -63.6% | 0.5% |
| Prosperity Home Mortgage, LLC | $880,000 | $2,725,000 | 209.7% | 0.5% |
| Forcht Bank | $5,170,000 | $2,580,000 | -50.1% | 0.5% |
| MEMBERS HERITAGE Credit Union | $800,000 | $2,545,000 | 218.1% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $590,000 | $2,445,000 | 314.4% | 0.5% |
| Farm Credit Mid-America, ACA | $750,000 | $2,430,000 | 224.0% | 0.5% |
| GUARANTEED RATE, INC. | $1,515,000 | $2,415,000 | 59.4% | 0.5% |
| PLANET HOME LENDING, LLC | $230,000 | $2,345,000 | 919.6% | 0.5% |
| German American Bank | $1,360,000 | $2,240,000 | 64.7% | 0.4% |
| Century Mortgage Company DBA Century Lending Company | $1,650,000 | $2,170,000 | 31.5% | 0.4% |
| LOANDEPOT.COM, LLC | $1,060,000 | $2,085,000 | 96.7% | 0.4% |
| Truist | $3,200,000 | $1,995,000 | -37.7% | 0.4% |
| Peoples Exchange Bank | $2,720,000 | $1,895,000 | -30.3% | 0.4% |
| FBC MORTGAGE, LLC | $620,000 | $1,825,000 | 194.4% | 0.4% |
| Flagstar Bank, FSB | $1,300,000 | $1,770,000 | 36.2% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,630,000 | $1,755,000 | 7.7% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $1,925,000 | $1,740,000 | -9.6% | 0.3% |
| Northpointe Bank | $5,825,000 | $1,740,000 | -70.1% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,210,000 | $1,730,000 | -46.1% | 0.3% |
| AmRes Corporation | $1,705,000 | n/a | 0.3% | |
| Carrington Mortgage Services, LLC | $310,000 | $1,705,000 | 450.0% | 0.3% |
| Armed Forces Bank | $1,585,000 | n/a | 0.3% | |
| VILLAGE CAPITAL MORTGAGE | $520,000 | $1,570,000 | 201.9% | 0.3% |
| WesBanco | $750,000 | $1,520,000 | 102.7% | 0.3% |
| LENDINGONE, LLC | $1,475,000 | n/a | 0.3% | |
| The Citizens National Bank of Somerset | $1,420,000 | n/a | 0.3% | |
| CROSSCOUNTRY MORTGAGE, LLC | $255,000 | $1,380,000 | 441.2% | 0.3% |
| 21ST MORTGAGE CORPORATION | $950,000 | $1,320,000 | 38.9% | 0.3% |
| Wells Fargo Bank | $820,000 | $1,310,000 | 59.8% | 0.3% |
| First State Bank | $1,285,000 | n/a | 0.2% | |
| American Mortgage & Equity Consultants, Inc. | $1,265,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $175,000 | $1,210,000 | 591.4% | 0.2% |
| City National Bank of West Virginia | $1,080,000 | $1,200,000 | 11.1% | 0.2% |
| The Farmers Bank | $1,535,000 | $1,180,000 | -23.1% | 0.2% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $1,110,000 | $1,155,000 | 4.1% | 0.2% |
| L & N Federal Credit Union | $530,000 | $1,140,000 | 115.1% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $795,000 | $1,125,000 | 41.5% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $510,000 | $1,095,000 | 114.7% | 0.2% |
| SWBC MORTGAGE CORPORATION | $1,090,000 | n/a | 0.2% | |
| ENVOY MORTGAGE, LTD | $1,060,000 | n/a | 0.2% | |
| Bank of America | $475,000 | $1,020,000 | 114.7% | 0.2% |
| FIELD & MAIN BANK, INC. | $235,000 | $1,005,000 | 327.7% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $980,000 | n/a | 0.2% | |
| Renasant Bank | $1,300,000 | $980,000 | -24.6% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $360,000 | $955,000 | 165.3% | 0.2% |
| AmeriHome Mortgage Company, LLC | $940,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $890,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $425,000 | $890,000 | 109.4% | 0.2% |
| The Federal Savings Bank | $650,000 | $860,000 | 32.3% | 0.2% |
| Plains Commerce Bank | $720,000 | $820,000 | 13.9% | 0.2% |
| First Financial Bank | $775,000 | $815,000 | 5.2% | 0.2% |
| Coastal Community Bank | $70,000 | $790,000 | 1,028.6% | 0.2% |
| EVERETT FINANCIAL, INC. | $270,000 | $785,000 | 190.7% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $530,000 | $690,000 | 30.2% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $415,000 | $680,000 | 63.9% | 0.1% |
| ZILLOW HOME LOANS, LLC | $900,000 | $670,000 | -25.6% | 0.1% |
| First Merchants Bank | $665,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $165,000 | $630,000 | 281.8% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $600,000 | n/a | 0.1% | |
| Abound Federal Credit Union | $240,000 | $595,000 | 147.9% | 0.1% |
| GENERAL ELECTRIC CREDIT UNION | $670,000 | $575,000 | -14.2% | 0.1% |
| The Loan Store, Inc. | $390,000 | $565,000 | 44.9% | 0.1% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $545,000 | n/a | 0.1% | |
| V.I.P. MORTGAGE, INC. | $540,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $530,000 | $535,000 | 0.9% | 0.1% |
| First Federal Bank | $510,000 | n/a | 0.1% | |
| MORTGAGE INVESTORS GROUP, INC. | $420,000 | $490,000 | 16.7% | 0.1% |
| North American Savings Bank, F.S.B. | $285,000 | $490,000 | 71.9% | 0.1% |
| First National Bank of America | $835,000 | $450,000 | -46.1% | 0.1% |
| Discover Bank | $970,000 | $440,000 | -54.6% | 0.1% |
| Morgan Stanley Private Bank | $435,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $600,000 | $430,000 | -28.3% | 0.1% |
| Community First National Bank | $405,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $345,000 | $390,000 | 13.0% | 0.1% |
| Raymond James Bank | $390,000 | n/a | 0.1% | |
| Bell Bank | $385,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $380,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $375,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $625,000 | $350,000 | -44.0% | 0.1% |
| EMM LOANS LLC | $490,000 | $345,000 | -29.6% | 0.1% |
| PREMIA MORTGAGE, LLC | $335,000 | $345,000 | 3.0% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $340,000 | $325,000 | -4.4% | 0.1% |
| EVANSVILLE TEACHERS | $1,180,000 | $315,000 | -73.3% | 0.1% |
| CARDINAL FINANCIAL | $610,000 | $310,000 | -49.2% | 0.1% |
| BAYSHORE MORTGAGE FUNDING, LLC | $305,000 | n/a | 0.1% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $305,000 | n/a | 0.1% | |
| Granite Community Bank | $295,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $295,000 | n/a | 0.1% | |
| Baxter Credit Union | $45,000 | $290,000 | 544.4% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $535,000 | $285,000 | -46.7% | 0.1% |
| SCOTT CREDIT UNION | $285,000 | n/a | 0.1% | |
| BANKSOUTH MORTGAGE COMPANY, LLC | $275,000 | n/a | 0.1% | |
| NBKC BANK | $1,505,000 | $275,000 | -81.7% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $265,000 | n/a | 0.1% | |
| ORNL Federal Credit Union | $265,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $255,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $255,000 | n/a | 0.0% | |
| VICTORY MORTGAGE, L.L.C. | $255,000 | n/a | 0.0% | |
| BAY EQUITY LLC | $115,000 | $245,000 | 113.0% | 0.0% |
| CITIZENS EQUITY FIRST | $245,000 | n/a | 0.0% | |
| Civista Bank | $245,000 | n/a | 0.0% | |
| THE MORTGAGE WAREHOUSE,LLC | $245,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $235,000 | n/a | 0.0% | |
| Heartland Bank | $235,000 | n/a | 0.0% | |
| Ally Bank | $410,000 | $225,000 | -45.1% | 0.0% |
| NEW DAY FINANCIAL, LLC | $1,705,000 | $225,000 | -86.8% | 0.0% |
| Bethpage Federal Credit Union | $215,000 | n/a | 0.0% | |
| First National Bank of Pennsylvania | $215,000 | n/a | 0.0% | |
| Nations Lending Corporation | $175,000 | $215,000 | 22.9% | 0.0% |
| The Park National Bank | $215,000 | n/a | 0.0% | |
| Independence Bank of Kentucky | $225,000 | $205,000 | -8.9% | 0.0% |
| Logan Finance Corporation | $205,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $205,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $760,000 | $195,000 | -74.3% | 0.0% |
| Old Missouri Bank | $195,000 | $195,000 | 0.0% | 0.0% |
| SOUTHWEST FUNDING, LP | $195,000 | n/a | 0.0% | |
| The Huntington National Bank | $1,815,000 | $190,000 | -89.5% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $215,000 | $185,000 | -14.0% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $180,000 | n/a | 0.0% | |
| SOUTH CENTRAL BANK, INC. | $1,795,000 | $180,000 | -90.0% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $165,000 | n/a | 0.0% | |
| Regions Bank | $865,000 | $165,000 | -80.9% | 0.0% |
| Warsaw Federal Savings and Loan Association | $165,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
| MYCUMORTGAGE, LLC | $135,000 | n/a | 0.0% | |
| York Traditions Bank | $135,000 | n/a | 0.0% | |
| BOKF | $125,000 | n/a | 0.0% | |
| CSL Financial, LLC | $115,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP. | $620,000 | $115,000 | -81.5% | 0.0% |
| THRIVENT Federal Credit Union | $195,000 | $115,000 | -41.0% | 0.0% |
| Arvest Bank | $105,000 | n/a | 0.0% | |
| Tyndall Federal Credit Union | $95,000 | n/a | 0.0% | |
| UNIFY FINANCIAL Credit Union | $65,000 | $95,000 | 46.2% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $170,000 | $85,000 | -50.0% | 0.0% |
| First Horizon Bank | $85,000 | n/a | 0.0% | |
| Central Kentucky Agricultural Credit Association | $365,000 | $75,000 | -79.5% | 0.0% |
| FirstBank | $1,025,000 | $75,000 | -92.7% | 0.0% |
| Citizens Bank of Kentucky, Inc. | $3,310,000 | $55,000 | -98.3% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| ALTRA | $35,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $35,000 | n/a | 0.0% | |
| ASHLAND Credit Union | $25,000 | n/a | 0.0% |
Richmond - Berea's top lender by overall market share is Whitaker Bank, with 5.3% market share. In second place, with 5.0%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $26,195,000 in loans. In third place, with 4.3%, is Stock Yards Bank & Trust Company, having originated $22,165,000 in loans. In fourth place, with 4.2%, is QUICKEN LOANS, LLC, having originated $21,965,000 in loans. In fifth place, with 4.0%, is T2 FINANCIAL LLC, having originated $20,805,000 in loans.
Richmond-Berea, KY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,327 | $365,755,000 | $275,625 |
| Refi | 311 | $78,335,000 | $251,881 |
| Other | 237 | $18,795,000 | $79,304 |
| Cash Out Refi | 228 | $41,230,000 | $180,833 |
| Home Improvement | 181 | $15,925,000 | $87,983 |
| NA | 1 | $165,000 | $165,000 |
Richmond - Berea's most frequently cited loan purpose was Home Purchase, with 1,327 originations. The 2nd most popular reason was Refi, with 311 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 940 | $264,870,000 | $281,777 |
| Over 8% | 436 | $48,280,000 | $110,734 |
| 7-8% | 432 | $95,920,000 | $222,037 |
| 5-6% | 263 | $73,135,000 | $278,080 |
| 3-4% | 45 | $1,715,000 | $38,111 |
| 4-5% | 11 | $2,615,000 | $237,727 |
| <2.5% | 7 | $565,000 | $80,714 |
| 2.5-3% | 2 | $350,000 | $175,000 |
During 2024, Richmond - Berea's most frequently originated rate bucket was 6-7%, with 940 originations.
Loan Sizing (Richmond-Berea, KY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 909 | $250,285,000 | $275,341 |
| $100,000 or less | 603 | $31,575,000 | $52,363 |
| $100k-200k | 578 | $87,890,000 | $152,059 |
| $400k-600k | 136 | $63,410,000 | $466,250 |
| $600k-1000k | 38 | $27,830,000 | $732,368 |
| $Over $1MM | 21 | $59,215,000 | $2,819,762 |
Richmond - Berea's loan sizing saw the bucket of loans from $200k-400k with 909 originations, totaling $250,285,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 902 | $248,260,000 | $275,233 |
| 60-80% | 374 | $120,300,000 | $321,658 |
| Under 20% | 303 | $13,395,000 | $44,208 |
| 20-40% | 261 | $27,975,000 | $107,184 |
| 40-60% | 211 | $45,915,000 | $217,607 |
| Over 100% | 49 | $21,385,000 | $436,429 |
Richmond - Berea's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 902 originations, totaling $248,260,000 in origination value.