Bank of America · Kentucky · 2025

Bank of America in Kentucky: approval rate, denial rate and rates (2025)

Bank of America took 677 mortgage applications in Kentucky in 2025, ranking #65 of 856 lenders active in the state. It originated 37.7% of them and denied 34.4% (47.2% of the applications it decided), against a statewide denial rate of 18.8%.

677Applicationsin KY
47.2%Decision denial ratestate 23.5%
6.25%Median ratestate 6.75%
$105,000Median loanstate $155,000
$52MVolume89 counties

Bank of America in Kentucky vs the state

34.4%Denial rate+15.61 pts vs state
47.2%Decision denial rate+23.68 pts vs state
37.7%Origination rate-20.37 pts vs state
6.25%Median rate-0.50 pts vs state
0.43Rate spread (pts)+0.12 pts vs state
$100kMedian applicant income
255Loans originated
233Denied

Trend in Kentucky

YearApplicationsOriginatedDenial rateMedian rateRank in state
202372719955.3%7.24%#57
202458922838.4%6.99%#63
202567725534.4%6.25%#65

What Bank of America lends in Kentucky

By loan purpose

Home purchase 184 27% · 16.9% denied
Refinance 60 9% · 18.3% denied
Cash-out refinance 12 2% · 33.3% denied
Home improvement 271 40% · 44.7% denied
Other / HELOC 150 22% · 44.0% denied

By loan type

Conventional 662 98% · 34.6% denied
FHA 11 2% · 18.2% denied
VA 4 1% · 50.0% denied

Why it denied Kentucky applicants

Credit history 143 61%
Debt-to-income ratio 55 24%
Collateral 17 7%
Other 6 3%
Insufficient cash 4 2%
Unverifiable information 4 2%
Employment history 3 1%
Incomplete application 1 0%

Where in Kentucky

Counties with the most Bank of America applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 1929250 26.0%
Fayette County 884323 26.1%
Kenton County 32915 46.9%
Boone County 2695 19.2%
Oldham County 25125 20.0%
Scott County 2089 45.0%
Warren County 1894 22.2%
Madison County 1566 40.0%
Campbell County 1373 23.1%
Nelson County 1245 41.7%

Other large lenders in Kentucky

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 8,42018.1%6.75%
Vanderbilt Mortgage and FinanceF 8,22044.8%9.50%
United Shore Financial ServicesB 6,8719.8%6.50%
Fifth Third BankD 5,66325.5%7.75%
U.S. BankD 4,88729.5%7.00%
Mortgage Research CenterC 3,61718.0%6.25%
PNC BankD 3,58523.7%7.40%
21st MortgageF 3,47848.0%9.95%
CommonwealthC 3,27024.9%7.25%
Stockton MortgageD 3,2556.1%6.63%

Frequently asked questions

Kentucky: 677 applications in 2025, of which 255 were originated and 233 denied.

34.4% of all applications, or 47.2% of the applications it actually decided on. The Kentucky statewide average across all lenders was 18.8%.

The median rate on loans Bank of America originated in Kentucky in 2025 was 6.25%, against a statewide median of 6.75%.

About this data. Figures are Bank of America's own HMDA filing for properties located in Kentucky, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology