Bay Equity · Kentucky · 2025

Bay Equity in Kentucky: approval rate, denial rate and rates (2025)

Bay Equity took 217 mortgage applications in Kentucky in 2025, ranking #139 of 856 lenders active in the state. It originated 76.5% of them and denied 5.1% (6.2% of the applications it decided), against a statewide denial rate of 18.8%.

217Applicationsin KY
6.2%Decision denial ratestate 23.5%
6.75%Median ratestate 6.75%
$205,000Median loanstate $155,000
$35MVolume30 counties

Bay Equity in Kentucky vs the state

5.1%Denial rate-13.74 pts vs state
6.2%Decision denial rate-17.31 pts vs state
76.5%Origination rate+18.46 pts vs state
6.75%Median rate0.00 pts vs state
0.31Rate spread (pts)0.00 pts vs state
$77kMedian applicant income
166Loans originated
11Denied

Trend in Kentucky

YearApplicationsOriginatedDenial rateMedian rateRank in state
202375535.3%6.75%#202
2024100701.0%6.63%#192
20252171665.1%6.75%#139

What Bay Equity lends in Kentucky

By loan purpose

Home purchase 202 93% · 5.5% denied
Refinance 6 3% · 0.0% denied
Cash-out refinance 9 4% · 0.0% denied

By loan type

Conventional 149 69% · 2.7% denied
FHA 54 25% · 11.1% denied
VA 8 4% · 12.5% denied
USDA / RHS 6 3% · 0.0% denied

Why it denied Kentucky applicants

Debt-to-income ratio 6 55%
Credit history 2 18%
Employment history 2 18%
Collateral 1 9%

Where in Kentucky

Counties with the most Bay Equity applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 94771 1.1%
Warren County 21134 19.0%
Edmonson County 1682 12.5%
Bullitt County 13120 0.0%
Barren County 961 11.1%
Nelson County 880 0.0%
Shelby County 741 14.3%
Fayette County 640 0.0%
Hardin County 440 0.0%
Hart County 431 25.0%

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: 217 applications in 2025, of which 166 were originated and 11 denied.

5.1% of all applications, or 6.2% of the applications it actually decided on. The Kentucky statewide average across all lenders was 18.8%.

The median rate on loans Bay Equity originated in Kentucky in 2025 was 6.75%, against a statewide median of 6.75%.

About this data. Figures are Bay Equity'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