Top Mortgage Lenders in the Paintsville, KY area

Which mortgage lender in the Paintsville, KY area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Paintsville, KY area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Paintsville, KY area is Community Trust Bank, Inc, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.14%. This means that Community Trust Bank, Inc provided a -0.14% lower interest rate for its customers than other lenders in Paintsville, KY for a similar set of borrowers. Community Trust Bank, Inc has a market share of 29.6%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 36.1%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.07% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Paintsville, KY area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, the cheapest lender for Conventional mortgages in Paintsville, KY is Community Trust Bank, Inc. If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is Community Trust Bank, Inc. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Quicken Loans. The cheapest VA mortgage provider is Quicken Loans. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Community Trust Bank, Inc 1, -0.14% 29.57%
Truist Bank 2, 0.02% 8.80%
Polaris Home Funding Corp 3, 0.03% 7.45%
Us Bank 4, 0.05% 18.06%
Quicken Loans 5, 0.07% 36.12%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.02% 11.30%
Truist Bank 2, -0.01% 11.30%
Community Trust Bank, Inc 3, -0.01% 29.94%
Quicken Loans 4, 0.01% 33.33%
Polaris Home Funding Corp 5, 0.03% 14.12%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Community Trust Bank, Inc 1, -0.22% 29.32%
Polaris Home Funding Corp 2, 0.05% 3.01%
Truist Bank 3, 0.06% 7.14%
Us Bank 4, 0.08% 22.56%
Quicken Loans 5, 0.11% 37.97%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Community Trust Bank, Inc 1, -0.14% 39.62%
Truist Bank 2, 0.02% 12.46%
Us Bank 3, 0.06% 24.60%
Polaris Home Funding Corp 4, 0.07% 2.56%
Quicken Loans 5, 0.18% 20.77%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.02% 17.17%
Community Trust Bank, Inc 2, -0.01% 49.49%
Truist Bank 3, -0.01% 20.20%
Polaris Home Funding Corp 4, 0.06% 2.02%
Quicken Loans 5, 0.07% 11.11%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Community Trust Bank, Inc 1, -0.23% 35.05%
Truist Bank 2, 0.06% 8.88%
Polaris Home Funding Corp 3, 0.07% 2.80%
Us Bank 4, 0.08% 28.04%
Quicken Loans 5, 0.20% 25.23%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 73.58%
Us Bank 2, 0.01% 2.83%
Polaris Home Funding Corp 3, 0.02% 23.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 62.86%
Us Bank 2, 0.01% 4.29%
Polaris Home Funding Corp 3, 0.02% 32.86%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 94.44%
Polaris Home Funding Corp 2, 0.01% 5.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Community Trust Bank, Inc 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Community Trust Bank, Inc 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Community Trust Bank, Inc 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%

* Data is compiled for the Paintsville, KY commuting zone area, which comprises of counties of Floyd County, KY, Johnson County, KY, Lawrence County, KY, Magoffin County, KY, Martin County, KY, Pike County, KY, Logan County, WV, and Mingo County, WV. This includes cities/towns/communities of Paintsville, KY as well as Pikeville, KY, Coal Run Village, KY, Louisa, KY, Verdunville, WV, Auxier, KY, Prestonsburg, KY, Mallory, WV, Betsy Layne, KY, Henlawson, WV, Salyersville, KY, Martin, KY, Inez, KY, Chapmanville, WV, South Williamson, KY, Virgie, KY, Elkhorn City, KY, Williamson, WV, Mount Gay-Shamrock, WV, Red Jacket, WV, Delbarton, WV, Switzer, WV, Phelps, KY, Logan, WV, Warfield, KY, Wayland, KY, Wheelwright, KY, McCarr, KY, Kermit, WV, Robinette, WV, Gilbert Creek, WV, Matewan, WV, and Blaine, KY. Lenders must have made at least 30 loans in the area to be included. Source for the data comes from Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate based on the MSA, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

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