Wells Fargo Bank · Kentucky · 2025

Wells Fargo Bank in Kentucky: approval rate, denial rate and rates (2025)

Wells Fargo Bank took 320 mortgage applications in Kentucky in 2025, ranking #104 of 856 lenders active in the state. It originated 47.5% of them and denied 20.3% (29.6% of the applications it decided), against a statewide denial rate of 18.8%.

320Applicationsin KY
29.6%Decision denial ratestate 23.5%
6.38%Median ratestate 6.75%
$175,000Median loanstate $155,000
$35MVolume75 counties

Wells Fargo Bank in Kentucky vs the state

20.3%Denial rate+1.50 pts vs state
29.6%Decision denial rate+6.06 pts vs state
47.5%Origination rate-10.54 pts vs state
6.38%Median rate-0.38 pts vs state
0.14Rate spread (pts)-0.18 pts vs state
$90kMedian applicant income
152Loans originated
65Denied

Trend in Kentucky

YearApplicationsOriginatedDenial rateMedian rateRank in state
202349623723.2%6.38%#73
202438817725.0%6.50%#84
202532015220.3%6.38%#104

What Wells Fargo Bank lends in Kentucky

By loan purpose

Home purchase 154 48% · 16.9% denied
Refinance 20 6% · 15.0% denied
Cash-out refinance 121 38% · 19.0% denied
Home improvement 4 1% · 25.0% denied
Other / HELOC 21 7% · 57.1% denied

By loan type

Conventional 270 84% · 18.5% denied
FHA 36 11% · 30.6% denied
VA 14 4% · 28.6% denied

Why it denied Kentucky applicants

Debt-to-income ratio 27 42%
Collateral 11 17%
Credit history 10 15%
Other 10 15%
Insufficient cash 6 9%
Incomplete application 1 2%

Where in Kentucky

Counties with the most Wells Fargo Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 772717 22.1%
Fayette County 23143 13.0%
Boone County 1291 8.3%
Hardin County 1154 36.4%
Warren County 1042 20.0%
Bullitt County 1062 20.0%
Daviess County 952 22.2%
McCracken County 941 11.1%
Kenton County 732 28.6%
Scott County 750 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: 320 applications in 2025, of which 152 were originated and 65 denied.

20.3% of all applications, or 29.6% of the applications it actually decided on. The Kentucky statewide average across all lenders was 18.8%.

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

About this data. Figures are Wells Fargo 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