Purchase Originations
233
Median Total Costs
$3,438
−48.5% vs national ($6,680)
↑ $17 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$1,450
Median Lender Credits
$250
Denial Rate
15.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 233 | 6.625% | $3,438 | $1,450 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Kentucky | 225 | 6.625% | $3,418 | #51 |
| Tennessee | 4 | 6.812% | $3,578 | — |
| Indiana | 2 | 6.562% | $5,084 | — |
| Florida | 1 | 7.250% | $11,022 | — |
| South Carolina | 1 | 5.750% | $3,637 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,637 | 6.950% | — | 15 | −$801 | |
| 2 | $2,881 | 6.725% | — | 10 | −$557 | |
| 3 | $2,894 | 6.500% | — | 49 | −$544 | |
| 4 | $2,921 | 6.688% | — | 10 | −$517 | |
| 5 | $3,246 | 6.438% | — | 4 | −$192 | |
| 6 | $3,259 | 6.750% | — | 15 | −$179 | |
| 7 | $3,360 | 7.000% | — | 5 | −$78 | |
| 8 | $3,578 | 7.062% | — | 2 | +$140 | |
| 9 | $3,704 | 6.500% | — | 17 | +$266 | |
| 10 | $3,782 | 6.562% | — | 8 | +$344 | |
| 11 | $3,845 | 6.625% | — | 15 | +$407 | |
| 12 | $4,185 | 6.950% | — | 3 | +$747 | |
| 13 | $4,213 | 6.562% | — | 30 | +$775 | |
| 14 | $4,446 | 6.950% | — | 11 | +$1,008 | |
| 15 | $4,824 | 6.950% | — | 6 | +$1,386 | |
| 16 | $4,906 | 6.125% | — | 1 | +$1,468 | |
| 17 | $5,212 | 6.500% | — | 7 | +$1,774 | |
| 18 | $5,262 | 7.000% | — | 1 | +$1,824 | |
| 19 | $5,489 | 6.562% | — | 4 | +$2,051 | |
| 20 | $6,172 | 6.875% | — | 3 | +$2,734 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Independence Bank of Kentucky | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $215,000 | $335,000 | −$120,000 (−35.8%) |
| Median total closing costs | $3,438 | $7,127 | −$3,689 (−51.8%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.