First Merchants Bank in Kentucky vs the state
16.7%Denial rate-2.14 pts vs state
16.7%Decision denial rate-6.82 pts vs state
83.3%Origination rate+25.29 pts vs state
6.75%Median rate0.00 pts vs state
0.07Rate spread (pts)-0.24 pts vs state
$255kMedian applicant income
5Loans originated
1Denied
Trend in Kentucky
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5 | 4 | 0.0% | 6.50% | #464 |
| 2024 | 13 | 7 | 7.7% | 6.75% | #384 |
| 2025 | 6 | 5 | 16.7% | 6.75% | #475 |
What First Merchants Bank lends in Kentucky
By loan purpose
By loan type
Why it denied Kentucky applicants
Where in Kentucky
Counties with the most First Merchants Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Muhlenberg County | 2 | 2 | 0 | 0.0% |
| Nelson County | 1 | 1 | 0 | 0.0% |
| Fayette County | 1 | 1 | 0 | 0.0% |
| Kenton County | 1 | 1 | 0 | 0.0% |
| Jefferson County | 1 | 0 | 1 | 100.0% |
Other large lenders in Kentucky
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 8,420 | 18.1% | 6.75% |
| Vanderbilt Mortgage and Finance | F | 8,220 | 44.8% | 9.50% |
| United Shore Financial Services | B | 6,871 | 9.8% | 6.50% |
| Fifth Third Bank | D | 5,663 | 25.5% | 7.75% |
| U.S. Bank | D | 4,887 | 29.5% | 7.00% |
| Mortgage Research Center | C | 3,617 | 18.0% | 6.25% |
| PNC Bank | D | 3,585 | 23.7% | 7.40% |
| 21st Mortgage | F | 3,478 | 48.0% | 9.95% |
| Commonwealth | C | 3,270 | 24.9% | 7.25% |
| Stockton Mortgage | D | 3,255 | 6.1% | 6.63% |
Frequently asked questions
Kentucky: 6 applications in 2025, of which 5 were originated and 1 denied.
16.7% of all applications, or 16.7% of the applications it actually decided on. The Kentucky statewide average across all lenders was 18.8%.
The median rate on loans First Merchants Bank originated in Kentucky in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are First Merchants 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