Community Trust Bank Mortgage Interest Rate and Cost Review

Is Community Trust Bank a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Community Trust Bank to those of other lenders for a comparable set of borrowers. Here is our review of Community Trust Bank nationally:

Review ItemCommunity Trust Bank
Interest Ratesimilar to other lenders (-0.08%)
Loan Related Closing Costssimilar to other lenders (-$137)
National Rate and Closing Cost Star Rating(4)

On average, Community Trust Bank’s interest rates were similar to those of other lenders (-0.08%). Its loan related closing costs were also similar to those of other lenders, with a difference of -$137. Overall, combining interest rates and closing costs we estimate that Community Trust Bank tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars. We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Community Trust Bank, its website is located at: https://www.ctbi.com.

Community Trust Bank’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders in your area, click here. In particular, among the cities we track Community Trust Bank was most active in:

  1. Paintsville, KY
  2. Lexington-Fayette, KY
  3. Hazard, KY
  4. Huntington, WV
  5. London, KY

In addition, Community Trust Bank is our top ranked/best mortgage lender in terms of interest rate and closing costs in:

  1. Paintsville, KY, overall
  2. Hazard, KY, overall
  3. Campbellsville, KY, overall

Community Trust Bank’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Community Trust Bank originated Conforming and Jumbo mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingJumbo
Interest Rate Difference-0.06%-0.00%
Loan Related Closing Cost Difference-$76-$55
Cost Adjusted Rate Difference-0.07%-0.00%
National Star Rating(4)(3.5)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.11%-0.01%
Loan Related Closing Cost Difference-$198-$27
Cost Adjusted Rate Difference-0.14%-0.01%
Average Star Rating(4)(3.5)

As a summary, Community Trust Bank is cheap for Conforming purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. For refinancing, Community Trust Bank is cheap for Conforming mortgage refinance. It is similar to other lenders for Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Community Trust Bank:

Registered name: Community Trust Bank, Inc
Registered city and state: Pikeville, KY, 41502
Regulator: Federal Reserve System (FRS)
Top holder: COMMUNITY TRUST BANCORP, INC.

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Community Trust Bank’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.