Top Mortgage Lenders in the Burnside, KY area

Which mortgage lender in the Burnside, 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 Burnside, 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 Burnside, KY area is Forcht Bank National Association, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.07%. This means that Forcht Bank National Association provided a -0.07% lower interest rate for its customers than other lenders in Burnside, KY for a similar set of borrowers. Forcht Bank National Association has a market share of 24.2%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 50.0%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.01% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Burnside, 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 Burnside, KY is Forcht Bank National Association. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Forcht Bank National Association. The cheapest VA mortgage provider is Forcht Bank National Association. 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
Forcht Bank National Association 1, -0.07% 24.16%
Quicken Loans 2, 0.01% 50.00%
Stockton Mortgage Corporation 3, 0.05% 25.84%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Forcht Bank National Association 1, -0.05% 29.00%
Quicken Loans 2, -0.02% 30.00%
Stockton Mortgage Corporation 3, 0.05% 41.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Forcht Bank National Association 1, -0.11% 17.95%
Quicken Loans 2, 0.02% 75.64%
Stockton Mortgage Corporation 3, 0.04% 6.41%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Forcht Bank National Association 1, -0.08% 32.56%
Quicken Loans 2, 0.04% 43.02%
Stockton Mortgage Corporation 3, 0.04% 24.42%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Forcht Bank National Association 1, -0.06% 37.78%
Quicken Loans 2, 0.03% 26.67%
Stockton Mortgage Corporation 3, 0.04% 35.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Forcht Bank National Association 1, -0.12% 26.83%
Stockton Mortgage Corporation 2, 0.04% 12.20%
Quicken Loans 3, 0.05% 60.98%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Forcht Bank National Association 1, -0.04% 19.44%
Quicken Loans 2, -0.03% 48.61%
Stockton Mortgage Corporation 3, 0.07% 31.94%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.06% 33.33%
Forcht Bank National Association 2, -0.05% 21.57%
Stockton Mortgage Corporation 3, 0.06% 45.10%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Forcht Bank National Association 1, -0.03% 14.29%
Quicken Loans 2, 0.00% 85.71%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Forcht Bank National Association 1, -0.04% 5.00%
Stockton Mortgage Corporation 2, -0.00% 10.00%
Quicken Loans 3, 0.00% 85.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Forcht Bank National Association 1, -0.02% 25.00%
Quicken Loans 2, -0.01% 25.00%
Stockton Mortgage Corporation 3, 0.02% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%

* Data is compiled for the Burnside, KY commuting zone area, which comprises of counties of McCreary County, KY, Pulaski County, KY, and Scott County, TN. This includes cities/towns/communities of Burnside, KY as well as Somerset, KY, Science Hill, KY, Oneida, TN, Huntsville, TN, Eubank, KY, Stearns, KY, Ferguson, KY, Robbins, TN, Winfield, TN, and Pine Knot, 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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