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Madison County, Kentucky · 2025

Mortgage lenders in Madison County, KY: denial rates and top lenders (2025)

253 lenders acted on 4,122 mortgage applications for properties in Madison County in 2025. 16.7% were denied (Kentucky: 18.8%). Median rate on closed loans 6.63%; median loan $185,000; median property value $305,000.

4.1kApplications
16.7%Denial ratestate 18.8%
6.63%Median ratestate 6.75%
$185,000Median loan
$305,000Median property value

Largest lenders in Madison County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Ark-La-Tex Financial Services, LLC. A 201156 1.5%6.63%
2 Rocket Mortgage C 198150 16.7%6.63%
3 U.S. Bank D 195115 21.5%6.88%
4 T2 Financial B 186155 3.2%6.38%
5 Vanderbilt Mortgage and Finance F 18418 51.1%10.99%
6 University of Kentucky B 16392 18.4%7.00%
7 Whitaker Bank B 153135 5.9%6.50%
8 Commonwealth C 14579 22.8%7.25%
9 21st Mortgage F 12310 53.7%10.48%
10 Mortgage Research Center C 11659 17.2%6.38%
11 Fifth Third Bank D 10160 22.8%7.23%
12 United Shore Financial Services B 9971 14.1%6.00%
13 Freedom Mortgage B 9852 5.1%6.25%
14 Community Trust Bank B 9465 16.0%7.25%
15 Broker Solutions D 9156 3.3%6.50%
16 Stockton Mortgage D 8453 8.3%6.50%
17 Stock Yards Bank & Trust B 8453 16.7%6.50%
18 Central Bank & Trust B 7966 6.3%7.50%
19 Park Federal Credit Union B 7448 13.5%7.50%
20 PNC Bank D 7141 18.3%7.40%
21 Pennymac Loan Services C 6031 13.3%5.99%
22 Guardian Savings Bank B 5741 7.0%6.50%
23 Newrez D 4316 14.0%6.31%
24 JPMorgan Chase Bank B 4224 11.9%6.56%
25 New Day Financial F 419 26.8%6.75%

Best approval odds in Madison County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Ark-La-Tex Financial Services, LLC.1611.9%
2T2 Financial1723.5%
3Broker Solutions595.1%
4Whitaker Bank1446.3%
5Central Bank & Trust736.9%
6Freedom Mortgage707.1%
7Stockton Mortgage6011.7%
8United Shore Financial Services9115.4%
9Park Federal Credit Union5917.0%
10Rocket Mortgage19117.3%

What Madison County borrowers applied for

By loan purpose

Home purchase 2,057 50% · 13.6% denied
Refinance 662 16% · 11.6% denied
Cash-out refinance 593 14% · 22.3% denied
Home improvement 389 9% · 22.1% denied
Other / HELOC 421 10% · 26.8% denied

By loan type

Conventional 2,921 71% · 19.1% denied
FHA 671 16% · 11.5% denied
VA 469 11% · 11.1% denied
USDA / RHS 61 1% · 3.3% denied

Why applications were denied

Credit history 256 38%
Debt-to-income ratio 186 28%
Collateral 71 11%
Incomplete application 66 10%
Other 39 6%
Unverifiable information 34 5%
Insufficient cash 14 2%
Employment history 9 1%

Madison County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20233,1591,92917.8%6.88%$155,000
20243,6032,16818.5%6.88%$165,000
20254,1222,44216.7%6.63%$185,000

Frequently asked questions

16.7% of applications in Madison County were denied in 2025, against 18.8% statewide in Kentucky.

Ark-La-Tex Financial Services, LLC., with 201 applications in 2025 and a denial rate of 1.5%.

The median mortgage application in Madison County in 2025 was for $185,000; the median property value on originated loans was $305,000.