Commonwealth · Kentucky · 2025

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

Commonwealth took 3,270 mortgage applications in Kentucky in 2025, ranking #9 of 856 lenders active in the state. It originated 57.2% of them and denied 24.9% (30.0% of the applications it decided), against a statewide denial rate of 18.8%.

3.3kApplicationsin KY
30.0%Decision denial ratestate 23.5%
7.25%Median ratestate 6.75%
$85,000Median loanstate $155,000
$290MVolume98 counties

Commonwealth in Kentucky vs the state

24.9%Denial rate+6.11 pts vs state
30.0%Decision denial rate+6.48 pts vs state
57.2%Origination rate-0.88 pts vs state
7.25%Median rate+0.50 pts vs state
0.24Rate spread (pts)-0.07 pts vs state
$98kMedian applicant income
1,869Loans originated
815Denied

Trend in Kentucky

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,7401,77221.9%8.25%#10
20242,5731,53223.2%8.25%#11
20253,2701,86924.9%7.25%#9

What Commonwealth lends in Kentucky

By loan purpose

Home purchase 667 20% · 19.2% denied
Refinance 369 11% · 22.0% denied
Cash-out refinance 572 17% · 21.5% denied
Home improvement 848 26% · 25.9% denied
Other / HELOC 814 25% · 32.3% denied

By loan type

Conventional 3,227 99% · 24.5% denied
FHA 20 1% · 40.0% denied
VA 1 0% · 0.0% denied
USDA / RHS 22 1% · 68.2% denied

Why it denied Kentucky applicants

Debt-to-income ratio 332 41%
Incomplete application 227 28%
Credit history 108 13%
Other 85 10%
Collateral 49 6%
Insufficient cash 6 1%
Employment history 4 0%
Unverifiable information 3 0%
Mortgage insurance denied 1 0%

Where in Kentucky

Counties with the most Commonwealth applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fayette County 44529682 18.4%
Franklin County 44228278 17.6%
Jefferson County 425232124 29.2%
Anderson County 21311465 30.5%
Scott County 20613147 22.8%
Shelby County 1639450 30.7%
Madison County 1457933 22.8%
Jessamine County 1005324 24.0%
Woodford County 975924 24.7%
Mercer County 774620 26.0%

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%
Stockton MortgageD 3,2556.1%6.63%
Stock Yards Bank & TrustB 3,04419.8%6.50%

Frequently asked questions

Kentucky: 3,270 applications in 2025, of which 1,869 were originated and 815 denied.

24.9% of all applications, or 30.0% of the applications it actually decided on. The Kentucky statewide average across all lenders was 18.8%.

The median rate on loans Commonwealth originated in Kentucky in 2025 was 7.25%, against a statewide median of 6.75%.

About this data. Figures are Commonwealth'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