Gershman Investment · Kentucky · 2025

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

Gershman Investment took 424 mortgage applications in Kentucky in 2025, ranking #88 of 856 lenders active in the state. It originated 77.4% of them and denied 4.0% (4.9% of the applications it decided), against a statewide denial rate of 18.8%.

424Applicationsin KY
4.9%Decision denial ratestate 23.5%
6.38%Median ratestate 6.75%
$135,000Median loanstate $155,000
$47MVolume27 counties

Gershman Investment in Kentucky vs the state

4.0%Denial rate-14.80 pts vs state
4.9%Decision denial rate-18.56 pts vs state
77.4%Origination rate+19.32 pts vs state
6.38%Median rate-0.38 pts vs state
0.35Rate spread (pts)+0.04 pts vs state
$65kMedian applicant income
328Loans originated
17Denied

Trend in Kentucky

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232201777.7%6.63%#112
20243392455.9%6.50%#92
20254243284.0%6.38%#88

What Gershman Investment lends in Kentucky

By loan purpose

Home purchase 404 95% · 3.2% denied
Refinance 7 2% · 0.0% denied
Cash-out refinance 13 3% · 30.8% denied

By loan type

Conventional 210 50% · 2.9% denied
FHA 161 38% · 6.2% denied
VA 35 8% · 2.9% denied
USDA / RHS 18 4% · 0.0% denied

Why it denied Kentucky applicants

Credit history 5 29%
Debt-to-income ratio 4 24%
Other 3 18%
Insufficient cash 2 12%
Collateral 2 12%
Incomplete application 1 6%

Where in Kentucky

Counties with the most Gershman Investment applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
McCracken County 107824 3.7%
Marshall County 69542 2.9%
Graves County 56463 5.4%
Hopkins County 51382 3.9%
Calloway County 30240 0.0%
Christian County 21113 14.3%
Caldwell County 1291 8.3%
Crittenden County 11100 0.0%
Trigg County 1051 10.0%
Webster County 880 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: 424 applications in 2025, of which 328 were originated and 17 denied.

4.0% of all applications, or 4.9% of the applications it actually decided on. The Kentucky statewide average across all lenders was 18.8%.

The median rate on loans Gershman Investment originated in Kentucky in 2025 was 6.38%, against a statewide median of 6.75%.

About this data. Figures are Gershman Investment'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