Independence Bank of Kentucky closing costs and rates (2024)
In 2024, Independence Bank of Kentucky originated 265 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $3,421. That is $3,320 below the national median of $6,741. Independence Bank of Kentucky is most active in Kentucky with 256 originations there.
Purchase Originations
265
Median Total Costs
$3,421
−49.3% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,240
Median Lender Credits
$250
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 265 | 6.625% | $3,421 | $1,240 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,693 | 6.375% | — | 3 | −$728 | |
| 2 | $2,704 | 6.312% | — | 2 | −$717 | |
| 3 | $2,791 | 7.125% | — | 9 | −$630 | |
| 4 | $2,845 | 6.500% | — | 34 | −$576 | |
| 5 | $2,883 | 6.500% | — | 10 | −$538 | |
| 6 | $2,895 | 6.562% | — | 18 | −$526 | |
| 7 | $3,025 | 6.812% | — | 14 | −$396 | |
| 8 | $3,130 | 6.750% | — | 27 | −$291 | |
| 9 | $3,131 | 7.500% | — | 6 | −$290 | |
| 10 | $3,649 | 6.125% | — | 3 | +$228 | |
| 11 | $3,709 | 6.250% | — | 6 | +$288 | |
| 12 | $3,897 | 6.375% | — | 13 | +$476 | |
| 13 | $3,966 | 6.250% | — | 3 | +$545 | |
| 14 | $4,036 | 6.500% | — | 21 | +$615 | |
| 15 | $4,255 | 6.875% | — | 15 | +$834 | |
| 16 | $4,256 | 6.625% | — | 37 | +$835 | |
| 17 | $4,391 | 6.562% | — | 8 | +$970 | |
| 18 | $4,417 | 6.812% | — | 10 | +$996 | |
| 19 | $4,644 | 6.875% | — | 5 | +$1,223 | |
| 20 | $4,753 | 6.500% | — | 3 | +$1,332 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
Data source: HMDA Modified Loan Application Register 2024, 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.