BMO Bank · Kentucky · 2025

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

BMO Bank took 18 mortgage applications in Kentucky in 2025, ranking #365 of 856 lenders active in the state. It originated 11.1% of them and denied 50.0% (81.8% of the applications it decided), against a statewide denial rate of 18.8%.

18Applicationsin KY
81.8%Decision denial ratestate 23.5%
7.68%Median ratestate 6.75%
$165,000Median loanstate $155,000
$1.4MVolume11 counties

BMO Bank in Kentucky vs the state

50.0%Denial rate+31.19 pts vs state
81.8%Decision denial rate+58.33 pts vs state
11.1%Origination rate-46.93 pts vs state
7.68%Median rate+0.92 pts vs state
0.78Rate spread (pts)+0.47 pts vs state
$194kMedian applicant income
2Loans originated
9Denied

Trend in Kentucky

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023291134.5%6.13%#290
2024331145.5%7.50%#287
202518250.0%7.68%#365

What BMO Bank lends in Kentucky

By loan purpose

Home purchase 4 22% · 0.0% denied
Refinance 2 11% · 50.0% denied
Cash-out refinance 2 11% · 0.0% denied
Home improvement 1 6% · 100.0% denied
Other / HELOC 9 50% · 77.8% denied

By loan type

Conventional 18 100% · 50.0% denied

Why it denied Kentucky applicants

Credit history 4 44%
Other 3 33%
Incomplete application 1 11%
Collateral 1 11%

Where in Kentucky

Counties with the most BMO Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Boyd County 402 50.0%
Bullitt County 303 100.0%
Jefferson County 201 50.0%
Fayette County 201 50.0%
Boyle County 110 0.0%
Madison County 100 0.0%
Oldham County 101 100.0%
Jessamine County 110 0.0%
Franklin County 101 100.0%
Kenton County 100 0.0%

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: 18 applications in 2025, of which 2 were originated and 9 denied.

50.0% of all applications, or 81.8% of the applications it actually decided on. The Kentucky statewide average across all lenders was 18.8%.

The median rate on loans BMO Bank originated in Kentucky in 2025 was 7.68%, against a statewide median of 6.75%.

About this data. Figures are BMO Bank'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