Looking for a different lender?
I
Independence Bank of Kentucky
Bank|Owensboro, KY|Regional
Loans Originated
305
Applications
436
Volume
$69 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Sound
Safe Rate Awards⭐Conventional Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.186%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,434
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
70.0%
Percentage of applications that result in closed loans
Report Card
Independence Bank of Kentucky performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Strong | Regional · 5 metro areas · 5 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$228,377
Average Borrower Income
$142,361
Average Property Value
$328,082
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 303 | 99.3% | +0.185% | $1,437 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Sound | Sound | 268 | 87.9% | +0.184% | $1,451 |
Refinance | Sound | Sound | Sound | Acceptable | 37 | 12.1% | +0.202% | $1,302 |
Geographic Coverage
Metro Areas
4
States Served
5
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
FLINKYMSTN
Top Metro Areas by Place Specialization Score
1
Paducah, KY, KY-ILMSA
Volume: 33Mix: 10.82%
Place Specialization
Exceptional
2
Owensboro, KY, KYMSA
Volume: 46Mix: 15.08%
Place Specialization
Strong
3
Louisville/Jefferson County, KY, KY-INMSA
Volume: 28Mix: 9.18%
Place Specialization
Sound
4
Bowling Green, KY, KYMSA
Volume: 20Mix: 6.56%
Place Specialization
Sound
Top States by Place Specialization Score
1
KYState
Volume: 294Mix: 96.39%
Place Specialization
Exceptional
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
Ready to Get Started?
Compare Independence Bank of Kentucky with other lenders or get personalized recommendations.