KeyBank · Kentucky · 2025

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

KeyBank took 24 mortgage applications in Kentucky in 2025, ranking #334 of 856 lenders active in the state. It originated 62.5% of them and denied 16.7% (20.0% of the applications it decided), against a statewide denial rate of 18.8%.

24Applicationsin KY
20.0%Decision denial ratestate 23.5%
6.38%Median ratestate 6.75%
$215,000Median loanstate $155,000
$3.5MVolume6 counties

KeyBank in Kentucky vs the state

16.7%Denial rate-2.14 pts vs state
20.0%Decision denial rate-3.49 pts vs state
62.5%Origination rate+4.46 pts vs state
6.38%Median rate-0.38 pts vs state
-0.07Rate spread (pts)-0.38 pts vs state
$109kMedian applicant income
15Loans originated
4Denied

Trend in Kentucky

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023301820.0%7.63%#286
202417935.3%6.88%#353
2025241516.7%6.38%#334

What KeyBank lends in Kentucky

By loan purpose

Home purchase 10 42% · 10.0% denied
Refinance 3 13% · 0.0% denied
Cash-out refinance 5 21% · 40.0% denied
Home improvement 6 25% · 16.7% denied

By loan type

Conventional 23 96% · 13.0% denied
FHA 1 4% · 100.0% denied

Why it denied Kentucky applicants

Incomplete application 2 50%
Credit history 2 50%

Where in Kentucky

Counties with the most KeyBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kenton County 741 14.3%
Campbell County 733 42.9%
Boone County 540 0.0%
Jefferson County 220 0.0%
Fayette County 210 0.0%
Warren County 110 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: 24 applications in 2025, of which 15 were originated and 4 denied.

16.7% of all applications, or 20.0% of the applications it actually decided on. The Kentucky statewide average across all lenders was 18.8%.

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

About this data. Figures are KeyBank'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