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Mercer County, Kentucky · 2025

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

160 lenders acted on 1,119 mortgage applications for properties in Mercer County in 2025. 21.5% were denied (Kentucky: 18.8%). Median rate on closed loans 6.50%; median loan $155,000; median property value $265,000.

1.1kApplications
21.5%Denial ratestate 18.8%
6.50%Median ratestate 6.75%
$155,000Median loan
$265,000Median property value

Largest lenders in Mercer County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Commonwealth C 7746 26.0%7.31%
2 Whitaker Bank B 6957 10.1%6.38%
3 Rocket Mortgage C 6436 34.4%6.88%
4 Fifth Third Bank D 4819 43.8%8.25%
5 Broker Solutions D 4829 6.3%6.38%
6 Community Trust Bank B 4035 10.0%6.25%
7 Ark-La-Tex Financial Services, LLC. A 3323 6.1%6.38%
8 Vanderbilt Mortgage and Finance F 334 42.4%10.13%
9 First Financial Bank D 3221 31.3%5.99%
10 United Shore Financial Services B 3123 16.1%6.25%
11 Abound Federal Credit Union C 2720 14.8%7.13%
12 Mortgage Research Center C 2612 19.2%6.19%
13 University of Kentucky B 2515 32.0%7.50%
14 Freedom Mortgage B 219 9.5%6.25%
15 AmeriSave Mortgage D 205 70.0%7.75%
16 Stockton Mortgage D 179 5.9%6.50%
17 T2 Financial B 1717 0.0%6.25%
18 PNC Bank D 166 50.0%7.42%
19 21st Mortgage F 161 56.3%10.58%
20 Newrez D 166 6.3%6.19%
21 Guardian Savings Bank B 1510 6.7%6.31%
22 Pennymac Loan Services C 145 21.4%5.88%
23 Navy Federal Credit Union D 138 15.4%6.69%
24 Loandepot.Com D 124 50.0%8.06%
25 WesBanco Bank B 107 30.0%6.63%

Best approval odds in Mercer County

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

#LenderDecidedDecision denial rate
1Whitaker Bank6510.8%
2Commonwealth6729.9%
3Rocket Mortgage6136.1%

What Mercer County borrowers applied for

By loan purpose

Home purchase 507 45% · 13.2% denied
Refinance 167 15% · 21.0% denied
Cash-out refinance 230 21% · 28.3% denied
Home improvement 100 9% · 34.0% denied
Other / HELOC 115 10% · 33.9% denied

By loan type

Conventional 785 70% · 23.3% denied
FHA 194 17% · 20.1% denied
VA 110 10% · 15.5% denied
USDA / RHS 30 3% · 3.3% denied

Why applications were denied

Credit history 78 33%
Debt-to-income ratio 52 22%
Collateral 39 17%
Incomplete application 25 11%
Unverifiable information 14 6%
Other 13 6%
Insufficient cash 11 5%
Employment history 4 2%

Mercer County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202396457618.6%6.88%$140,000
202493556017.9%6.88%$155,000
20251,11962521.5%6.50%$155,000

Frequently asked questions

21.5% of applications in Mercer County were denied in 2025, against 18.8% statewide in Kentucky.

Commonwealth, with 77 applications in 2025 and a denial rate of 26.0%.

The median mortgage application in Mercer County in 2025 was for $155,000; the median property value on originated loans was $265,000.