First Equity Mortgage · Kentucky · 2025

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

First Equity Mortgage took 462 mortgage applications in Kentucky in 2025, ranking #84 of 856 lenders active in the state. It originated 60.4% of them and denied 10.2% (14.4% of the applications it decided), against a statewide denial rate of 18.8%.

462Applicationsin KY
14.4%Decision denial ratestate 23.5%
6.38%Median ratestate 6.75%
$355,000Median loanstate $155,000
$104MVolume4 counties

First Equity Mortgage in Kentucky vs the state

10.2%Denial rate-8.64 pts vs state
14.4%Decision denial rate-9.07 pts vs state
60.4%Origination rate+2.35 pts vs state
6.38%Median rate-0.38 pts vs state
0.19Rate spread (pts)-0.12 pts vs state
$137kMedian applicant income
279Loans originated
47Denied

Trend in Kentucky

YearApplicationsOriginatedDenial rateMedian rateRank in state
202332918810.9%5.99%#92
20244362738.7%6.50%#79
202546227910.2%6.38%#84

What First Equity Mortgage lends in Kentucky

By loan purpose

Home purchase 455 98% · 10.1% denied
Refinance 5 1% · 0.0% denied
Home improvement 2 0% · 50.0% denied

By loan type

Conventional 384 83% · 7.8% denied
FHA 36 8% · 27.8% denied
VA 38 8% · 18.4% denied
USDA / RHS 4 1% · 0.0% denied

Why it denied Kentucky applicants

Debt-to-income ratio 24 51%
Credit history 19 40%
Employment history 2 4%
Other 1 2%
Unverifiable information 1 2%

Where in Kentucky

Counties with the most First Equity Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Boone County 25714830 11.7%
Kenton County 1469315 10.3%
Campbell County 56381 1.8%
Grant County 301 33.3%

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: 462 applications in 2025, of which 279 were originated and 47 denied.

10.2% of all applications, or 14.4% of the applications it actually decided on. The Kentucky statewide average across all lenders was 18.8%.

The median rate on loans First Equity Mortgage originated in Kentucky in 2025 was 6.38%, against a statewide median of 6.75%.

About this data. Figures are First Equity Mortgage'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