Kentucky Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Kentucky averaged
6.2%
for the week of 2024-08-29, compared to the national average of
6.35% for the same period.
The average rate for the prior week (2024-08-22) was
6.41% and
one month ago for the week of 2024-07-25, the
average rate was 6.63%.
Kentucky's average rate one year ago was 7.08%.
For refis of the same type during the week of 2024-08-29, the average rate
was 6.46%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-08-29 | 6.35% |
| Kentucky 30 Year Fixed Rate | 2024-08-29 | 6.2% |
| Kentucky 30 Year Fixed Rate Refi | 2024-08-29 | 6.46% |
| Kentucky 15 Year Fixed Rate | 2024-08-29 | 5.95% |
| Kentucky 15 Year Fixed Rate Refi | 2024-08-29 | 6.34% |
| Kentucky 30 Year FHA | 2024-08-29 | 5.85% |
| Kentucky 30 Year FHA Refi | 2024-08-29 | 6.12% |
| Kentucky 30 Year USDA | 2024-08-29 | 5.89% |
| Kentucky 30 Year USDA Refi | 2024-08-29 | 6.32% |
| Kentucky 30 Year VA | 2024-08-29 | 5.95% |
| Kentucky 30 Year VA Refi | 2024-08-29 | 4.7% |
Kentucky 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 Kentucky 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.).
Kentucky Average Closing Costs & Other Stats
Kentucky's 447 lenders originated 82,377
loans during 2023. The total origination value was $16,656,295,000, with an average loan value of
$202,196.
Kentucky's average closing costs are $4,213.
The top Kentucky lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
1,654 loans originated. Their average total fees are
$5,624, which is $289
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Kentucky lenders (with over 10 loans originated) are
Discover Bank ($0), TRANSCEND ($409), PREMIA MORTGAGE, LLC ($1,010), City National Bank of West Virginia ($1,396) and Commercial Bank ($1,531).
The lowest rate Kentucky lenders (with over 10 loans originated) are
Raymond James Bank (5.43%), GENERAL ELECTRIC CREDIT UNION (5.88%), PULTE MORTGAGE LLC (5.92%), Whitaker Bank (5.93%) and DHI MORTGAGE COMPANY, LTD. (5.94%).
Kentucky 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $848,450,000 | $803,055,000 | -5.4% | 4.8% |
| QUICKEN LOANS, LLC | $996,870,000 | $707,610,000 | -29.0% | 4.2% |
| Stock Yards Bank & Trust Company | $437,915,000 | $430,210,000 | -1.8% | 2.6% |
| STOCKTON MORTGAGE CORPORATION | $468,955,000 | $412,700,000 | -12.0% | 2.5% |
| Republic Bank & Trust Company | $513,200,000 | $393,605,000 | -23.3% | 2.4% |
| Northpointe Bank | $300,455,000 | $340,215,000 | 13.2% | 2.0% |
| Mortgage Research Center, LLC | $388,325,000 | $330,840,000 | -14.8% | 2.0% |
| Community Trust Bank, Inc. | $318,920,000 | $307,105,000 | -3.7% | 1.8% |
| U.S. Bank | $505,205,000 | $294,500,000 | -41.7% | 1.8% |
| EVANSVILLE TEACHERS | $527,230,000 | $294,465,000 | -44.1% | 1.8% |
| Fifth Third Bank | $594,820,000 | $281,475,000 | -52.7% | 1.7% |
| PNC Bank | $475,700,000 | $267,810,000 | -43.7% | 1.6% |
| Central Bank | $225,000 | $251,660,000 | 111,748.9% | 1.5% |
| Guardian Savings Bank, A Federal Savings Bank | $332,720,000 | $225,425,000 | -32.2% | 1.4% |
| VICTORY MORTGAGE, L.L.C. | $214,630,000 | $218,650,000 | 1.9% | 1.3% |
| GREYSTONE SERVICING COMPANY LLC | $55,905,000 | $209,130,000 | 274.1% | 1.3% |
| SOUTH CENTRAL BANK, INC. | $260,000,000 | $207,365,000 | -20.2% | 1.2% |
| RUOFF MORTGAGE COMPANY, INC. | $205,990,000 | $196,830,000 | -4.4% | 1.2% |
| THRIVE MORTGAGE, LLC | $64,625,000 | $189,610,000 | 193.4% | 1.1% |
| JPMorgan Chase Bank | $286,830,000 | $187,310,000 | -34.7% | 1.1% |
| Traditional Bank, Inc. | $214,605,000 | $185,360,000 | -13.6% | 1.1% |
| WesBanco | $230,940,000 | $183,225,000 | -20.7% | 1.1% |
| COMMONWEALTH | $178,815,000 | $176,260,000 | -1.4% | 1.1% |
| Independence Bank of Kentucky | $256,435,000 | $173,770,000 | -32.2% | 1.0% |
| The Huntington National Bank | $262,115,000 | $168,270,000 | -35.8% | 1.0% |
| Truist | $267,215,000 | $165,280,000 | -38.1% | 1.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $271,730,000 | $164,065,000 | -39.6% | 1.0% |
| UNIVERSITY OF KENTUCKY | $287,980,000 | $163,935,000 | -43.1% | 1.0% |
| L & N Federal Credit Union | $186,115,000 | $159,610,000 | -14.2% | 1.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $210,505,000 | $152,080,000 | -27.8% | 0.9% |
| First Financial Bank | $26,310,000 | $149,675,000 | 468.9% | 0.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $122,910,000 | $142,145,000 | 15.6% | 0.9% |
| Abound Federal Credit Union | $149,870,000 | $137,920,000 | -8.0% | 0.8% |
| Whitaker Bank | $121,085,000 | $133,565,000 | 10.3% | 0.8% |
| PARK COMMUNITY CREDIT UNION, INC. | $176,495,000 | $133,390,000 | -24.4% | 0.8% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $103,080,000 | $130,510,000 | 26.6% | 0.8% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $126,585,000 | $120,395,000 | -4.9% | 0.7% |
| Prosperity Home Mortgage, LLC | $177,385,000 | $119,580,000 | -32.6% | 0.7% |
| GENEVA FINANCIAL, LLC | $120,975,000 | $112,570,000 | -6.9% | 0.7% |
| HOMESIDE FINANCIAL, LLC | $62,480,000 | $110,635,000 | 77.1% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $122,895,000 | $109,445,000 | -10.9% | 0.7% |
| German American Bank | $202,175,000 | $109,135,000 | -46.0% | 0.7% |
| Forcht Bank | $142,190,000 | $108,190,000 | -23.9% | 0.6% |
| ORIX REAL ESTATE CAPITAL, LLC | $33,855,000 | $106,900,000 | 215.8% | 0.6% |
| GUARANTEED RATE, INC. | $167,745,000 | $105,525,000 | -37.1% | 0.6% |
| The Cecilian Bank | $137,030,000 | $104,120,000 | -24.0% | 0.6% |
| Farm Credit Mid-America, ACA | $157,520,000 | $102,790,000 | -34.7% | 0.6% |
| Magnolia Bank | $132,740,000 | $102,275,000 | -23.0% | 0.6% |
| Old National Bank | $162,645,000 | $101,090,000 | -37.8% | 0.6% |
| Bank of England | $115,130,000 | $99,235,000 | -13.8% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $125,590,000 | $98,640,000 | -21.5% | 0.6% |
| CBRE MULTIFAMILY CAPITAL, INC. | $125,170,000 | $97,095,000 | -22.4% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $217,470,000 | $96,040,000 | -55.8% | 0.6% |
| UNION HOME MORTGAGE CORP. | $85,400,000 | $94,975,000 | 11.2% | 0.6% |
| Citizens Bank | $325,000 | $94,020,000 | 28,829.2% | 0.6% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $113,375,000 | $89,450,000 | -21.1% | 0.5% |
| City National Bank of West Virginia | $75,530,000 | $88,835,000 | 17.6% | 0.5% |
| WALKER & DUNLOP, LLC | $162,260,000 | $85,880,000 | -47.1% | 0.5% |
| First Southern National Bank | $117,335,000 | $80,210,000 | -31.6% | 0.5% |
| Regions Bank | $58,490,000 | $80,190,000 | 37.1% | 0.5% |
| Century Mortgage Company DBA Century Lending Company | $88,695,000 | $78,315,000 | -11.7% | 0.5% |
| Merchants Bank of Indiana | $16,780,000 | $74,910,000 | 346.4% | 0.4% |
| Edmonton State Bank | $96,735,000 | $71,285,000 | -26.3% | 0.4% |
| INTERLINC MORTGAGE SERVICES, LLC | $105,410,000 | $70,210,000 | -33.4% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $160,410,000 | $70,205,000 | -56.2% | 0.4% |
| EVERETT FINANCIAL, INC. | $132,075,000 | $68,055,000 | -48.5% | 0.4% |
| Plains Commerce Bank | $26,400,000 | $66,330,000 | 151.3% | 0.4% |
| FIRST EQUITY MORTGAGE INCORPORATED | $69,325,000 | $65,950,000 | -4.9% | 0.4% |
| The Monticello Banking Company | $120,550,000 | $61,450,000 | -49.0% | 0.4% |
| Republic State Mortgage Co. | $94,020,000 | $60,795,000 | -35.3% | 0.4% |
| Wilson & Muir Bank & Trust Company | $84,240,000 | $59,720,000 | -29.1% | 0.4% |
| GENERAL ELECTRIC CREDIT UNION | $54,195,000 | $59,610,000 | 10.0% | 0.4% |
| BROKER SOLUTIONS, INC. | $65,615,000 | $59,485,000 | -9.3% | 0.4% |
| Union Savings Bank | $97,660,000 | $57,690,000 | -40.9% | 0.3% |
| Franklin Bank & Trust Company | $40,055,000 | $57,365,000 | 43.2% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $134,310,000 | $56,860,000 | -57.7% | 0.3% |
| Wells Fargo Bank | $166,735,000 | $55,635,000 | -66.6% | 0.3% |
| 21ST MORTGAGE CORPORATION | $53,240,000 | $55,375,000 | 4.0% | 0.3% |
| Limestone Bank, Inc. | $59,135,000 | $54,125,000 | -8.5% | 0.3% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $66,375,000 | $54,100,000 | -18.5% | 0.3% |
| West Point Bank | $74,365,000 | $53,495,000 | -28.1% | 0.3% |
| Peoples Exchange Bank | $113,275,000 | $51,415,000 | -54.6% | 0.3% |
| USAA Federal Savings Bank | $90,115,000 | $50,415,000 | -44.1% | 0.3% |
| American Bank & Trust Company, Inc. | $181,885,000 | $48,930,000 | -73.1% | 0.3% |
| LOANDEPOT.COM, LLC | $170,560,000 | $48,845,000 | -71.4% | 0.3% |
| PULTE MORTGAGE LLC | $46,125,000 | $47,840,000 | 3.7% | 0.3% |
| Grandbridge Real Estate Capital LLC | $3,955,000 | $45,025,000 | 1,038.4% | 0.3% |
| Carrington Mortgage Services, LLC | $65,030,000 | $44,110,000 | -32.2% | 0.3% |
| Farmers Bank and Trust Company | $71,575,000 | $42,285,000 | -40.9% | 0.3% |
| The Paducah Bank and Trust Company | $56,160,000 | $41,085,000 | -26.8% | 0.2% |
| River City Bank, Inc. | $44,950,000 | $41,035,000 | -8.7% | 0.2% |
| Bank of America | $74,735,000 | $40,715,000 | -45.5% | 0.2% |
| FIELD & MAIN BANK, INC. | $22,850,000 | $40,380,000 | 76.7% | 0.2% |
| NEWREZ LLC | $47,845,000 | $38,820,000 | -18.9% | 0.2% |
| Heritage Bank, Inc. | $43,930,000 | $38,125,000 | -13.2% | 0.2% |
| FBC MORTGAGE, LLC | $66,865,000 | $37,875,000 | -43.4% | 0.2% |
| CMG MORTGAGE, INC. | $61,045,000 | $37,860,000 | -38.0% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $45,300,000 | $37,585,000 | -17.0% | 0.2% |
| Flagstar Bank, FSB | $47,490,000 | $37,025,000 | -22.0% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $65,355,000 | $36,400,000 | -44.3% | 0.2% |
| The Lincoln National Bank of Hodgenville | $46,895,000 | $36,260,000 | -22.7% | 0.2% |
| Heartland Bank | $68,970,000 | $35,735,000 | -48.2% | 0.2% |
| Peoples Bank | $1,810,000 | $35,705,000 | 1,872.7% | 0.2% |
| The Park National Bank | $9,680,000 | $34,650,000 | 258.0% | 0.2% |
| Planters Bank, Inc. | $73,870,000 | $34,070,000 | -53.9% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $56,650,000 | $33,890,000 | -40.2% | 0.2% |
| CARDINAL FINANCIAL | $67,600,000 | $33,825,000 | -50.0% | 0.2% |
| First Savings Bank | $51,135,000 | $33,540,000 | -34.4% | 0.2% |
| FIRST COMMUNITY MORTGAGE, INC. | $25,835,000 | $33,520,000 | 29.7% | 0.2% |
| Third Federal Savings and Loan Association of Cleveland | $56,655,000 | $33,395,000 | -41.1% | 0.2% |
| NEW DAY FINANCIAL, LLC | $50,210,000 | $33,055,000 | -34.2% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $33,080,000 | $32,615,000 | -1.4% | 0.2% |
| Cumberland Valley National Bank & Trust Company | $42,090,000 | $31,690,000 | -24.7% | 0.2% |
| Morgantown Bank & Trust Company, Incorporated | $30,250,000 | $31,490,000 | 4.1% | 0.2% |
| First Harrison Bank | $37,080,000 | $31,180,000 | -15.9% | 0.2% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $73,465,000 | $30,425,000 | -58.6% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $27,135,000 | $29,650,000 | 9.3% | 0.2% |
| The Citizens National Bank of Somerset | $72,435,000 | $29,385,000 | -59.4% | 0.2% |
| BERKADIA COMMERCIAL MORTGAGE LLC | $76,425,000 | $29,045,000 | -62.0% | 0.2% |
| Meade County Bank | $41,780,000 | $28,345,000 | -32.2% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $20,450,000 | $27,740,000 | 35.6% | 0.2% |
| FNB Bank, Inc. | $185,000 | $27,270,000 | 14,640.5% | 0.2% |
| FirstBank | $40,935,000 | $27,010,000 | -34.0% | 0.2% |
| Bank of Lexington, Inc. | $23,210,000 | $26,715,000 | 15.1% | 0.2% |
| ENVOY MORTGAGE, LTD | $52,210,000 | $26,715,000 | -48.8% | 0.2% |
| United Southern Bank | $27,835,000 | $26,555,000 | -4.6% | 0.2% |
| United Cumberland Bank | $25,240,000 | $26,550,000 | 5.2% | 0.2% |
| The Federal Savings Bank | $32,760,000 | $26,245,000 | -19.9% | 0.2% |
| BAYSHORE MORTGAGE FUNDING, LLC | $25,640,000 | $25,815,000 | 0.7% | 0.2% |
| DAS Acquisition Company, LLC | $29,955,000 | $25,755,000 | -14.0% | 0.2% |
| Discover Bank | $16,345,000 | $25,700,000 | 57.2% | 0.2% |
| Bank of Edmonson County | $19,880,000 | $25,515,000 | 28.3% | 0.2% |
| Equity Prime Mortgage LLC | $29,635,000 | $25,010,000 | -15.6% | 0.2% |
| Webster Bank | $24,645,000 | n/a | 0.1% | |
| POLARIS HOME FUNDING CORP. | $33,655,000 | $24,240,000 | -28.0% | 0.1% |
| The Farmers Bank | $5,695,000 | $24,010,000 | 321.6% | 0.1% |
| Morgan Stanley Private Bank | $40,275,000 | $23,905,000 | -40.6% | 0.1% |
| GERSHMAN INVESTMENT CORP. | $17,235,000 | $23,495,000 | 36.3% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $16,195,000 | $22,885,000 | 41.3% | 0.1% |
| THE MORTGAGE WAREHOUSE,LLC | $63,455,000 | $22,555,000 | -64.5% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $71,420,000 | $20,250,000 | -71.6% | 0.1% |
| Citizens Bank of Kentucky, Inc. | $25,485,000 | $19,755,000 | -22.5% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $23,620,000 | $19,350,000 | -18.1% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $12,045,000 | $18,715,000 | 55.4% | 0.1% |
| Bank of the Bluegrass & Trust Co. | $18,350,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $26,055,000 | $17,935,000 |