Bedford Loan & Deposit Bank Mortgage Lending & HMDA Data, 2004
In 2004, Bedford Loan & Deposit Bank of Bedford, KY reported 232 mortgage applications totaling $15.0 million, down 31% from 2003. The average application was for $64,646, and applicants reported an average income of $44,310. 66% of its applications resulted in an originated loan and 20% were denied. Its largest market was Louisville, KY-IN (206).
| Mortgage Company & Address | Bedford Loan & Deposit Bank P.O. Box 276 45 Hwy 42 E Bedford, KY 40006 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 232 |
| Total Mortgage Loan Application Amount | $14,998,000 |
| Average Mortgage Loan Application Amount | $64,646 |
| Highest Mortgage Loan Application Amount | $260,000 |
| Average Applicant Income | $44,310 |
| Highest Applicant Income | $150,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bedford Loan & Deposit Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Bedford Loan & Deposit Bank in 2004
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 | 118 | $7,672,000 | $64,500 | $260,000 | $44,000 | $150,000 |
| Home Purchase | 101 | $6,937,000 | $60,500 | $245,000 | $41,000 | $150,000 |
| Home Improvement | 13 | $389,000 | $29,000 | $134,000 | $39,000 | $85,000 |
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 | 224 | $14,352,000 | $62,000 | $260,000 | $43,000 | $150,000 |
| Hispanic | 3 | $170,000 | $56,000 | $96,000 | $39,000 | $43,000 |
| American Indian or Alaskan Native | 2 | $329,000 | $164,000 | $233,000 | $45,000 | $75,000 |
| Asian | 2 | $86,000 | $43,000 | $61,000 | $38,000 | $49,000 |
| Black or African American | 1 | $61,000 | $61,000 | $61,000 | $23,000 | $23,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 225 | $14,510,000 | $62,000 | $260,000 | $42,500 | $150,000 |
| FHA-insured (Federal Housing Administration) | 7 | $488,000 | $69,000 | $105,000 | $40,000 | $71,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 153 | $9,158,000 | $69,000 | $245,000 | $47,000 | $150,000 |
| Application Denied By Financial Institution | 46 | $3,184,000 | $70,500 | $260,000 | $32,500 | $98,000 |
| Application Withdrawn By Applicant | 28 | $2,443,000 | $64,500 | $233,000 | $56,500 | $90,000 |
| Application Approved But Not Accepted | 4 | $171,000 | $35,000 | $70,000 | $27,000 | $34,000 |
| File Closed For Incompleteness | 1 | $42,000 | $42,000 | $42,000 | $27,000 | $27,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Credit History | 20 | $1,043,000 | $57,500 | $150,000 | $31,000 | $98,000 |
| Debt-To-Income Ratio | 14 | $1,386,000 | $99,000 | $260,000 | $24,000 | $67,000 |
| Collateral | 7 | $432,000 | $61,000 | $106,000 | $51,000 | $98,000 |
| Other | 3 | $179,000 | $65,000 | $89,000 | $29,000 | $34,000 |
| Unverifiable Information | 2 | $144,000 | $72,000 | $128,000 | $40,000 | $40,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bedford Loan & Deposit Bank's 2004 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Bedford Loan & Deposit Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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