# SOUTH CENTRAL BANK, INC.

> **Canonical URL:** https://saferate.com/lenders/south-central-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


SOUTH CENTRAL BANK, INC. is a bank, headquartered in GLASGOW, KY, serving borrowers across 7 states, with 472 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 37% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 26% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300LPT41QBMAC7948
- **Headquarters:** GLASGOW, KY
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** FL, GA, IN, KY, NC, OR, TN
- **Markets (MSAs):** 6
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 98.2%
- **Brokered/Wholesale:** 1.8%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 63/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 74/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.194%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,186
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 472
- **Dollar Volume:** $117 million
- **Applications Received:** 681
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $246,907
- **Average Borrower Income:** $119,326
- **Average Property Value:** $334,407

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 69/100 | 307 | +0.239% | $1,162 | Strong 😀 |
| FHA | 71/100 | 100 | +0.280% | $1,613 | Strong 😀 |
| VA | 69/100 | 43 | -0.355% | $682 | Strong 😀 |
| USDA | 75/100 | 20 | +0.203% | $997 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 194 loans, Score: 66/100 (Strong)
- Refinance: 113 loans, Score: 72/100 (Strong)

**FHA:**
- Purchase: 99 loans, Score: 72/100 (Strong)

**VA:**
- Purchase: 41 loans, Score: 69/100 (Strong)

**USDA:**
- Purchase: 20 loans, Score: 75/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 69/100 | 356 | $92M | +0.151% | Strong 😀 |
| Refinance | 70/100 | 116 | $25M | +0.305% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| KY | 455 | 0.98% | 88/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 152 | 61/100 |
| Elizabethtown, KY | KY | 121 | 99/100 |
| Bowling Green, KY | KY | 86 | 85/100 |
| Louisville/Jefferson County, KY | KY-IN | 59 | 66/100 |
| Lexington | KY | 21 | 55/100 |
| Owensboro, KY | KY | 17 | 52/100 |

## Where This Lender Ranks

SOUTH CENTRAL BANK, INC. appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Kentucky for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/kentucky/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Kentucky for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/kentucky/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Elizabethtown, KY Banks
  - [View Full Rankings](https://saferate.com/elizabethtown-ky/best-mortgage-lenders/banks)
- 🥇 **#1** in Elizabethtown, KY for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/elizabethtown-ky/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Elizabethtown, KY for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/elizabethtown-ky/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Bowling Green, KY Banks
  - [View Full Rankings](https://saferate.com/bowling-green-ky/best-mortgage-lenders/banks)
- 🥇 **#1** in Bowling Green, KY for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/bowling-green-ky/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Elizabethtown, KY
  - [View Full Rankings](https://saferate.com/elizabethtown-ky/best-mortgage-lenders)
- 🥈 **#2** in Elizabethtown, KY for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/elizabethtown-ky/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in Elizabethtown, KY for FHA Loans
  - [View Full Rankings](https://saferate.com/elizabethtown-ky/best-mortgage-lenders/fha-loans)
- 🥈 **#2** in Elizabethtown, KY for VA Loans
  - [View Full Rankings](https://saferate.com/elizabethtown-ky/best-mortgage-lenders/va-loans)
- 🥉 **#3** in Kentucky for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/kentucky/best-mortgage-lenders/banks/va-loans)
- 🥉 **#3** in Bowling Green, KY
  - [View Full Rankings](https://saferate.com/bowling-green-ky/best-mortgage-lenders)
- 🥉 **#3** in Bowling Green, KY for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/bowling-green-ky/best-mortgage-lenders/banks/conventional-loans)
- 🥉 **#3** in Bowling Green, KY for FHA Loans
  - [View Full Rankings](https://saferate.com/bowling-green-ky/best-mortgage-lenders/fha-loans)
- 🏆 **#4** in Louisville/Jefferson County, KY for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/louisvillejefferson-county-ky/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#4** in Louisville/Jefferson County, KY for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/louisvillejefferson-county-ky/best-mortgage-lenders/banks/va-loans)
- 🏆 **#5** in Kentucky Banks
  - [View Full Rankings](https://saferate.com/kentucky/best-mortgage-lenders/banks)
- 🏆 **#6** in Kentucky for USDA Loans
  - [View Full Rankings](https://saferate.com/kentucky/best-mortgage-lenders/usda-loans)
- 🏆 **#6** in Elizabethtown, KY for Conventional Loans
  - [View Full Rankings](https://saferate.com/elizabethtown-ky/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does SOUTH CENTRAL BANK, INC. offer?

SOUTH CENTRAL BANK, INC. offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does SOUTH CENTRAL BANK, INC. offer mortgages?

SOUTH CENTRAL BANK, INC. offers mortgages in 7 states: FL, GA, IN, KY, NC, OR, TN.

### How competitive are SOUTH CENTRAL BANK, INC.'s mortgage rates?

SOUTH CENTRAL BANK, INC. has a pricing score of 63/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.194% above market average.

### What type of lender is SOUTH CENTRAL BANK, INC.?

SOUTH CENTRAL BANK, INC. is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in GLASGOW, KY.

### What is SOUTH CENTRAL BANK, INC.'s loan approval success rate?

SOUTH CENTRAL BANK, INC. has a pull-through score of 74/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/south-central-bank

### How to Cite

> "SOUTH CENTRAL BANK, INC. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/south-central-bank

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