Kentucky
Mortgage Loan Application
Totals and Details
in 2020

Find mortgage statistics and mortgage data for Kentucky.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2020 in all of Kentucky.
You can organize this information by metropolitan area and by county.

Years 2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 284,112
Total Mortgage Loan Application Amount $51,864,000,000
Average Mortgage Loan Application Amount $182,000
Highest Mortgage Loan Application Amount $60,775,000
Average Applicant Income $96,000
Highest Applicant Income $9,999,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Kentucky, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Kentucky in 2020

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 114,025 $22,720,965,000 $199,000 $43,785,000 $106,000 $7,246,000
Home Purchase 109,921 $20,173,825,000 $183,000 $60,775,000 $83,000 $9,999,000
Cash-out Refinancing 35,868 $6,866,780,000 $191,000 $32,645,000 $99,000 $4,680,000
Home Improvement 10,419 $823,095,000 $78,000 $39,375,000 $108,000 $9,875,000
Other Purpose 10,367 $865,625,000 $83,000 $4,305,000 $110,000 $9,834,000
Not Applicable 3,512 $413,710,000 $117,000 $1,125,000 $56,000 $200,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 214,276 $37,391,320,000 $174,000 $23,975,000 $97,000 $9,999,000
Not Provided 24,244 $4,533,480,000 $186,000 $5,085,000 $100,000 $9,834,000
Not applicable 22,391 $5,884,525,000 $262,000 $60,775,000 $85,000 $1,032,000
Black or African American 10,880 $1,782,140,000 $163,000 $5,815,000 $77,000 $6,837,000
Hispanic 6,281 $1,011,295,000 $161,000 $1,485,000 $72,000 $3,510,000
Asian 4,312 $933,890,000 $216,000 $2,305,000 $111,000 $2,400,000
American Indian or Alaskan Native 850 $128,030,000 $150,000 $835,000 $76,000 $1,050,000
Native Hawaiian or Other Pacific Islander 161 $30,745,000 $190,000 $515,000 $91,000 $650,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 213,779 $39,178,015,000 $183,000 $60,775,000 $102,000 $9,875,000
FHA-insured (Federal Housing Administration) 34,185 $5,547,955,000 $162,000 $21,285,000 $61,000 $9,999,000
VA-guaranteed (Veterans Administration) 27,091 $5,839,775,000 $215,000 $1,125,000 $75,000 $1,221,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 9,057 $1,298,255,000 $143,000 $2,305,000 $49,000 $1,227,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 168,092 $32,595,280,000 $193,000 $60,775,000 $100,000 $9,834,000
Application Denied By Financial Institution 35,279 $4,711,885,000 $133,000 $10,055,000 $75,000 $9,999,000
Application Withdrawn By Applicant 33,439 $6,343,305,000 $189,000 $24,665,000 $99,000 $9,999,000
Loan Purchased By The Institution 26,193 $4,974,815,000 $189,000 $2,205,000 $94,000 $1,440,000
File Closed For Incompleteness 14,527 $2,170,135,000 $149,000 $3,505,000 $86,000 $9,875,000
Application Approved But Not Accepted 6,523 $1,060,545,000 $162,000 $21,075,000 $94,000 $3,274,000
Preapproval Denied by Financial Institution 35 $3,845,000 $109,000 $275,000 $36,000 $99,000
Preapproval Approved but not Accepted 24 $4,190,000 $174,000 $805,000 $93,000 $435,000

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 238,215 $45,145,265,000 $189,000 $60,775,000 $98,000 $9,999,000
Debt-To-Income Ratio 19,141 $3,269,235,000 $170,000 $20,705,000 $86,000 $7,246,000
Credit History 12,815 $1,317,255,000 $102,000 $10,055,000 $73,000 $9,999,000
Collateral 4,114 $576,800,000 $140,000 $3,105,000 $97,000 $8,400,000
Credit Application Incomplete 3,861 $677,965,000 $175,000 $5,815,000 $101,000 $2,465,000
Other 2,841 $437,885,000 $154,000 $7,795,000 $89,000 $2,124,000
Unverifiable Information 1,722 $216,690,000 $125,000 $1,505,000 $74,000 $1,011,000
Insufficient Cash (Downpayment, Closing Cost) 749 $123,495,000 $164,000 $6,405,000 $79,000 $2,547,000
Employment History 642 $97,650,000 $152,000 $885,000 $58,000 $747,000
Mortgage Insurance Denied 12 $1,760,000 $146,000 $325,000 $71,000 $133,000
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Mortgage Loan Application Totals in 2020 by Kentucky Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
BOWLING GREEN, KY 11,982 $ 2,341,360,000 $ 195,000 $ 92,000
ELIZABETHTOWN-FORT KNOX, KY 11,729 $ 2,097,715,000 $ 178,000 $ 87,000
LEXINGTON-FAYETTE, KY 39,131 $ 8,322,015,000 $ 212,000 $ 112,000
LOUISVILLE/JEFFERSON COUNTY, KY-IN 84,684 $ 17,920,640,000 $ 211,000 $ 105,000
OWENSBORO, KY 7,426 $ 1,129,170,000 $ 152,000 $ 85,000
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Mortgage Loan Application Totals in 2020 by Kentucky County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Adair 446 $ 54,780,000 $ 122,000 $ 66,000
Allen 1,354 $ 192,150,000 $ 141,000 $ 76,000
Anderson 1,769 $ 277,865,000 $ 157,000 $ 79,000
Ballard 293 $ 34,735,000 $ 118,000 $ 75,000
Barren 2,528 $ 358,200,000 $ 141,000 $ 82,000
Bath 369 $ 45,115,000 $ 122,000 $ 65,000
Bell 741 $ 74,895,000 $ 101,000 $ 65,000
Boone 13,690 $ 2,830,790,000 $ 206,000 $ 104,000
Bourbon 1,003 $ 184,995,000 $ 184,000 $ 99,000
Boyd 2,315 $ 297,665,000 $ 128,000 $ 87,000
Boyle 1,373 $ 225,935,000 $ 164,000 $ 86,000
Bracken 340 $ 42,880,000 $ 126,000 $ 78,000
Breathitt 255 $ 23,945,000 $ 93,000 $ 65,000
Breckinridge 1,052 $ 148,200,000 $ 140,000 $ 85,000
Bullitt 8,212 $ 1,458,420,000 $ 177,000 $ 80,000
Butler 526 $ 63,350,000 $ 120,000 $ 70,000
Caldwell 414 $ 53,020,000 $ 128,000 $ 78,000
Calloway 1,429 $ 222,065,000 $ 155,000 $ 88,000
Campbell 8,212 $ 1,518,140,000 $ 184,000 $ 103,000
Carlisle 117 $ 16,815,000 $ 143,000 $ 84,000
Carroll 426 $ 56,600,000 $ 132,000 $ 73,000
Carter 1,075 $ 123,625,000 $ 115,000 $ 68,000
Casey 390 $ 50,260,000 $ 128,000 $ 64,000
Christian 2,810 $ 400,500,000 $ 142,000 $ 83,000
Clark 2,435 $ 419,525,000 $ 172,000 $ 82,000
Clay 532 $ 49,270,000 $ 92,000 $ 57,000
Clinton 203 $ 23,475,000 $ 115,000 $ 77,000
Crittenden 276 $ 31,750,000 $ 115,000 $ 74,000
Cumberland 185 $ 23,695,000 $ 128,000 $ 86,000
Daviess 6,570 $ 1,022,250,000 $ 155,000 $ 87,000
Edmonson 788 $ 118,060,000 $ 149,000 $ 91,000
Elliott 132 $ 14,460,000 $ 109,000 $ 67,000
Estill 428 $ 54,060,000 $ 126,000 $ 69,000
Fayette 23,435 $ 5,115,465,000 $ 218,000 $ 119,000
Fleming 531 $ 64,165,000 $ 120,000 $ 70,000
Floyd 1,249 $ 141,515,000 $ 113,000 $ 75,000
Franklin 3,490 $ 574,830,000 $ 164,000 $ 83,000
Fulton 123 $ 15,465,000 $ 125,000 $ 59,000
Gallatin 536 $ 72,850,000 $ 135,000 $ 74,000
Garrard 1,085 $ 171,105,000 $ 157,000 $ 79,000
Grant 1,590 $ 256,470,000 $ 161,000 $ 84,000
Graves 1,275 $ 160,625,000 $ 125,000 $ 79,000
Grayson 1,502 $ 205,230,000 $ 136,000 $ 88,000
Green 412 $ 45,980,000 $ 111,000 $ 63,000
Greenup 1,886 $ 247,470,000 $ 131,000 $ 85,000
Hancock 484 $ 63,080,000 $ 130,000 $ 69,000
Hardin 8,727 $ 1,614,045,000 $ 184,000 $ 89,000
Harlan 574 $ 50,550,000 $ 88,000 $ 60,000
Harrison 913 $ 141,355,000 $ 154,000 $ 75,000
Hart 887 $ 107,625,000 $ 121,000 $ 88,000
Henderson 2,614 $ 361,100,000 $ 138,000 $ 83,000
Henry 967 $ 156,915,000 $ 162,000 $ 82,000
Hickman 82 $ 10,760,000 $ 131,000 $ 70,000
Hopkins 2,210 $ 280,290,000 $ 126,000 $ 77,000
Jackson 420 $ 40,570,000 $ 96,000 $ 54,000
Jefferson 61,119 $ 12,665,245,000 $ 207,000 $ 105,000
Jessamine 4,285 $ 968,625,000 $ 226,000 $ 120,000
Johnson 966 $ 115,660,000 $ 119,000 $ 75,000
Kenton 14,576 $ 2,686,270,000 $ 184,000 $ 102,000
Knott 324 $ 32,840,000 $ 101,000 $ 65,000
Knox 1,168 $ 138,530,000 $ 118,000 $ 64,000
Larue 805 $ 114,215,000 $ 141,000 $ 75,000
Laurel 3,136 $ 413,470,000 $ 131,000 $ 71,000
Lawrence 583 $ 67,235,000 $ 115,000 $ 73,000
Lee 136 $ 11,830,000 $ 86,000 $ 58,000
Leslie 167 $ 14,845,000 $ 88,000 $ 61,000
Letcher 496 $ 45,180,000 $ 91,000 $ 70,000
Lewis 334 $ 32,590,000 $ 97,000 $ 63,000
Lincoln 891 $ 113,165,000 $ 127,000 $ 65,000
Livingston 338 $ 40,860,000 $ 120,000 $ 76,000
Logan 1,177 $ 163,575,000 $ 138,000 $ 74,000
Lyon 502 $ 92,000,000 $ 183,000 $ 112,000
Madison 6,114 $ 1,131,250,000 $ 185,000 $ 84,000
Magoffin 304 $ 32,420,000 $ 106,000 $ 63,000
Marion 916 $ 123,870,000 $ 135,000 $ 74,000
Marshall 1,476 $ 222,200,000 $ 150,000 $ 96,000
Martin 197 $ 20,815,000 $ 105,000 $ 67,000
Mason 561 $ 76,615,000 $ 136,000 $ 82,000
McCracken 3,472 $ 587,220,000 $ 169,000 $ 99,000
McCreary 322 $ 30,830,000 $ 95,000 $ 54,000
McLean 372 $ 43,840,000 $ 117,000 $ 75,000
Meade 2,197 $ 369,455,000 $ 168,000 $ 83,000
Menifee 274 $ 27,170,000 $ 99,000 $ 67,000
Mercer 1,373 $ 217,665,000 $ 158,000 $ 85,000
Metcalfe 373 $ 40,595,000 $ 108,000 $ 63,000
Monroe 434 $ 50,100,000 $ 115,000 $ 73,000
Montgomery 1,572 $ 224,770,000 $ 142,000 $ 74,000
Morgan 266 $ 29,030,000 $ 109,000 $ 66,000
Muhlenberg 1,193 $ 144,105,000 $ 120,000 $ 76,000
Nelson 3,378 $ 579,990,000 $ 171,000 $ 79,000
Nicholas 272 $ 31,030,000 $ 114,000 $ 70,000
Ohio 873 $ 108,555,000 $ 124,000 $ 73,000
Oldham 7,953 $ 2,215,485,000 $ 278,000 $ 138,000
Owen 598 $ 84,740,000 $ 141,000 $ 87,000
Owsley 56 $ 5,890,000 $ 105,000 $ 62,000
Pendleton 796 $ 111,250,000 $ 139,000 $ 77,000
Perry 609 $ 73,855,000 $ 121,000 $ 81,000
Pike 1,952 $ 255,520,000 $ 130,000 $ 89,000
Powell 514 $ 61,310,000 $ 119,000 $ 74,000
Pulaski 3,092 $ 451,050,000 $ 145,000 $ 86,000
Robertson 78 $ 10,770,000 $ 138,000 $ 72,000
Rockcastle 552 $ 66,330,000 $ 120,000 $ 65,000
Rowan 918 $ 132,520,000 $ 144,000 $ 81,000
Russell 797 $ 99,055,000 $ 124,000 $ 82,000
Scott 5,887 $ 1,203,095,000 $ 204,000 $ 96,000
Shelby 4,380 $ 984,180,000 $ 224,000 $ 105,000
Simpson 1,317 $ 202,425,000 $ 153,000 $ 74,000
Spencer 2,053 $ 440,395,000 $ 214,000 $ 96,000
Taylor 861 $ 108,595,000 $ 126,000 $ 67,000
Todd 370 $ 51,270,000 $ 138,000 $ 81,000
Trigg 847 $ 142,125,000 $ 167,000 $ 99,000
Trimble 481 $ 67,555,000 $ 140,000 $ 76,000
Union 413 $ 47,625,000 $ 115,000 $ 74,000
Warren 9,314 $ 1,967,800,000 $ 211,000 $ 96,000
Washington 516 $ 75,840,000 $ 146,000 $ 78,000
Wayne 760 $ 91,960,000 $ 121,000 $ 76,000
Webster 461 $ 51,895,000 $ 112,000 $ 111,000
Whitley 1,655 $ 195,465,000 $ 118,000 $ 62,000
Wolfe 174 $ 19,080,000 $ 109,000 $ 70,000
Woodford 2,086 $ 430,310,000 $ 206,000 $ 102,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in Kentucky.

If you prefer, you can download a copy of the entire list of mortgage lenders in Kentucky and search similar information back through 2003.

Download the Kentucky Lender List