Stock Yards Bank & Trust Mortgage Interest Rate and Cost Review

Is Stock Yards Bank & Trust a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Stock Yards Bank & Trust with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (-0.07%)
Loan Related Closing Costslower than average (-$391)
National Rate and Closing Cost Rating(4.0)
Websitehttps://www.syb.com

On average, Stock Yards Bank & Trust’s interest rates were similar to those of other lenders (-0.07%) for a comparable set of borrowers. Its average total loan related closing cost was lower than those of other lenders, with a difference of -$391. Overall, combining interest rates and closing costs we estimate that Stock Yards Bank & Trust tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

Stock Yards Bank & Trust’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Stock Yards Bank & Trust was most active in:

  1. Louisville, KY
  2. Cincinnati, OH
  3. Elizabethtown, KY
  4. Indianapolis, IN
  5. Madison, IN

You can click through to check out Stock Yards Bank & Trust’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Stock Yards Bank & Trust’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Stock Yards Bank & Trust originated Conforming, FHA, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingFHAUSDAVA
Interest Rate Difference-0.01%-0.09%-0.00%-0.06%
Loan Related Closing Cost Difference-$316-$316-$33-$68
Cost Adjusted Rate Difference-0.05%-0.13%-0.00%-0.06%
Star Rating(3.5)(4.0)(3.5)(4.0)
Refinance MortgagesConformingFHAVA
Interest Rate Difference-0.15%-0.05%-0.07%
Loan Related Closing Cost Difference-$553-$136-$376
Cost Adjusted Rate Difference-0.22%-0.07%-0.11%
Star Rating(4.5)(4.0)(4.0)

As a summary, Stock Yards Bank & Trust is cheap for FHA and VA purchase mortgages. It is similar to other lenders for Conforming and USDA purchase mortgages. For refinancing mortgages, Stock Yards Bank & Trust is cheap for Conforming, FHA and VA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Stock Yards Bank & Trust:

Registered name: Stock Yards Bank and Trust Co
Registered city and state: Louisville, KY, 40206
Regulator: Federal Deposit Insurance Corporation (FDIC)
Top holder: STOCK YARDS 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 Stock Yards Bank & Trust’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.