Top Mortgage Lenders in the Richmond, KY area

Which mortgage lender in the Richmond, 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 Richmond, 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 Richmond, KY area is Guardian Savings Bank, FSB, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.14%. This means that Guardian Savings Bank, FSB provided a -0.14% lower interest rate for its customers than other lenders in Richmond, KY for a similar set of borrowers. Guardian Savings Bank, FSB has a market share of 4.6%. On the other hand, the most popular lender in the market is Ark-La-Tex Financial Services, with a market share of 16.4%. Ark-La-Tex Financial Services is an average rate lender in this area, with a “Rate Difference” of +0.08% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Richmond, 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 Richmond, KY is Guardian Savings Bank, FSB. 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 Kentucky Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Kentucky Bank. The cheapest VA mortgage provider is Central Bank & Trust Co. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guardian Savings Bank, FSB 1, -0.14% 4.56%
Central Bank & Trust Co 2, -0.13% 5.80%
Community Trust Bank, Inc 3, -0.07% 3.94%
Kentucky Bank 4, -0.06% 5.49%
Stockton Mortgage Corporation 5, -0.06% 10.47%
JPMorgan Chase Bank 6, -0.05% 3.94%
Fifth Third Bank, National Association 7, -0.02% 3.94%
Us Bank 8, -0.02% 9.22%
Bank of England 9, 0.02% 3.94%
Sierra Pacific Mortgage 10, 0.03% 5.91%
Quicken Loans 11, 0.05% 16.17%
Century Mortgage Company DBA Century Lending Company 12, 0.06% 4.46%
Fairway Independent Mort Corp 13, 0.07% 5.80%
Ark-La-Tex Financial Services 14, 0.08% 16.37%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Central Bank & Trust Co 1, -0.14% 7.34%
Us Bank 2, -0.10% 6.72%
JPMorgan Chase Bank 3, -0.08% 3.12%
Kentucky Bank 4, -0.08% 5.62%
Community Trust Bank, Inc 5, -0.07% 2.50%
Guardian Savings Bank, FSB 6, -0.07% 2.19%
Stockton Mortgage Corporation 7, -0.07% 11.72%
Fifth Third Bank, National Association 8, -0.02% 2.34%
Bank of England 9, 0.02% 5.62%
Quicken Loans 10, 0.03% 8.75%
Sierra Pacific Mortgage 11, 0.03% 8.44%
Century Mortgage Company DBA Century Lending Company 12, 0.06% 6.25%
Fairway Independent Mort Corp 13, 0.07% 8.44%
Ark-La-Tex Financial Services 14, 0.10% 20.94%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guardian Savings Bank, FSB 1, -0.17% 9.23%
Community Trust Bank, Inc 2, -0.06% 6.77%
Central Bank & Trust Co 3, -0.06% 2.77%
Kentucky Bank 4, -0.04% 5.23%
Stockton Mortgage Corporation 5, -0.02% 8.00%
Fifth Third Bank, National Association 6, -0.02% 7.08%
JPMorgan Chase Bank 7, -0.00% 5.54%
Ark-La-Tex Financial Services 8, -0.00% 7.38%
Bank of England 9, 0.00% 0.62%
Fairway Independent Mort Corp 10, 0.00% 0.62%
Sierra Pacific Mortgage 11, 0.01% 0.92%
Century Mortgage Company DBA Century Lending Company 12, 0.01% 0.92%
Us Bank 13, 0.05% 14.15%
Quicken Loans 14, 0.06% 30.77%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guardian Savings Bank, FSB 1, -0.14% 6.78%
Central Bank & Trust Co 2, -0.13% 7.09%
Stockton Mortgage Corporation 3, -0.06% 8.78%
Community Trust Bank, Inc 4, -0.06% 5.86%
JPMorgan Chase Bank 5, -0.04% 5.70%
Kentucky Bank 6, -0.03% 6.16%
Us Bank 7, -0.02% 12.02%
Fifth Third Bank, National Association 8, -0.02% 5.08%
Bank of England 9, 0.04% 3.24%
Century Mortgage Company DBA Century Lending Company 10, 0.04% 2.47%
Fairway Independent Mort Corp 11, 0.07% 2.93%
Ark-La-Tex Financial Services 12, 0.08% 16.80%
Quicken Loans 13, 0.09% 14.33%
Sierra Pacific Mortgage 14, 0.14% 2.77%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Central Bank & Trust Co 1, -0.15% 9.71%
Us Bank 2, -0.11% 8.92%
JPMorgan Chase Bank 3, -0.08% 4.99%
Stockton Mortgage Corporation 4, -0.07% 10.24%
Community Trust Bank, Inc 5, -0.06% 4.20%
Guardian Savings Bank, FSB 6, -0.06% 3.67%
Kentucky Bank 7, -0.02% 6.04%
Fifth Third Bank, National Association 8, -0.00% 2.89%
Bank of England 9, 0.04% 5.25%
Century Mortgage Company DBA Century Lending Company 10, 0.05% 3.67%
Quicken Loans 11, 0.05% 8.40%
Fairway Independent Mort Corp 12, 0.08% 4.72%
Ark-La-Tex Financial Services 13, 0.10% 22.83%
Sierra Pacific Mortgage 14, 0.15% 4.46%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guardian Savings Bank, FSB 1, -0.17% 11.19%
Community Trust Bank, Inc 2, -0.06% 8.21%
Central Bank & Trust Co 3, -0.06% 3.36%
Kentucky Bank 4, -0.04% 6.34%
Stockton Mortgage Corporation 5, -0.04% 6.72%
Fifth Third Bank, National Association 6, -0.02% 8.21%
Fairway Independent Mort Corp 7, -0.00% 0.37%
JPMorgan Chase Bank 8, -0.00% 6.72%
Ark-La-Tex Financial Services 9, -0.00% 8.21%
Bank of England 10, 0.00% 0.37%
Sierra Pacific Mortgage 11, 0.01% 0.37%
Century Mortgage Company DBA Century Lending Company 12, 0.02% 0.75%
Us Bank 13, 0.06% 16.42%
Quicken Loans 14, 0.10% 22.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Kentucky Bank 1, -0.20% 5.09%
Central Bank & Trust Co 2, -0.07% 1.39%
Stockton Mortgage Corporation 3, -0.06% 14.81%
Fifth Third Bank, National Association 4, -0.04% 2.31%
Sierra Pacific Mortgage 5, -0.04% 13.43%
Quicken Loans 6, -0.02% 21.30%
Us Bank 7, -0.01% 0.93%
Bank of England 8, -0.01% 6.02%
Century Mortgage Company DBA Century Lending Company 9, 0.08% 9.26%
Fairway Independent Mort Corp 10, 0.09% 12.50%
Ark-La-Tex Financial Services 11, 0.10% 12.96%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Kentucky Bank 1, -0.20% 6.21%
Central Bank & Trust Co 2, -0.08% 1.69%
Stockton Mortgage Corporation 3, -0.08% 15.82%
Fifth Third Bank, National Association 4, -0.05% 2.26%
Sierra Pacific Mortgage 5, -0.04% 15.82%
Us Bank 6, -0.02% 1.13%
Bank of England 7, -0.01% 6.78%
Quicken Loans 8, 0.01% 9.04%
Century Mortgage Company DBA Century Lending Company 9, 0.07% 11.30%
Fairway Independent Mort Corp 10, 0.09% 14.69%
Ark-La-Tex Financial Services 11, 0.09% 15.25%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 76.92%
Fifth Third Bank, National Association 2, 0.00% 2.56%
Sierra Pacific Mortgage 3, 0.01% 2.56%
Bank of England 4, 0.01% 2.56%
Ark-La-Tex Financial Services 5, 0.02% 2.56%
Fairway Independent Mort Corp 6, 0.02% 2.56%
Stockton Mortgage Corporation 7, 0.05% 10.26%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Kentucky Bank 1, -0.00% 33.33%
Ark-La-Tex Financial Services 2, 0.00% 33.33%
Us Bank 3, 0.00% 33.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Kentucky Bank 1, -0.00% 50.00%
Ark-La-Tex Financial Services 2, 0.00% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Central Bank & Trust Co 1, -0.09% 7.22%
Stockton Mortgage Corporation 2, -0.04% 12.37%
Fairway Independent Mort Corp 3, -0.03% 10.31%
Us Bank 4, -0.03% 8.25%
Kentucky Bank 5, -0.03% 1.03%
JPMorgan Chase Bank 6, -0.02% 1.03%
Century Mortgage Company DBA Century Lending Company 7, -0.01% 7.22%
Sierra Pacific Mortgage 8, -0.00% 10.31%
Bank of England 9, 0.00% 4.12%
Quicken Loans 10, 0.01% 17.53%
Ark-La-Tex Financial Services 11, 0.08% 20.62%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Central Bank & Trust Co 1, -0.09% 8.75%
Fairway Independent Mort Corp 2, -0.03% 12.50%
Us Bank 3, -0.03% 8.75%
Stockton Mortgage Corporation 4, -0.03% 10.00%
Kentucky Bank 5, -0.03% 1.25%
JPMorgan Chase Bank 6, -0.02% 1.25%
Quicken Loans 7, -0.01% 10.00%
Century Mortgage Company DBA Century Lending Company 8, -0.00% 7.50%
Sierra Pacific Mortgage 9, -0.00% 11.25%
Bank of England 10, 0.00% 5.00%
Ark-La-Tex Financial Services 11, 0.08% 23.75%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Stockton Mortgage Corporation 1, -0.06% 23.53%
Century Mortgage Company DBA Century Lending Company 2, -0.02% 5.88%
Sierra Pacific Mortgage 3, -0.02% 5.88%
Ark-La-Tex Financial Services 4, -0.02% 5.88%
Us Bank 5, -0.01% 5.88%
Quicken Loans 6, 0.03% 52.94%

* Data is compiled for the Richmond, KY commuting zone area, which comprises of counties of Estill County, KY, Madison County, KY, and Rockcastle County, KY. This includes cities/towns/communities of Richmond, KY as well as Berea, KY, Mount Vernon, KY, Irvine, KY, Livingston, KY, and Ravenna, 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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