Bedford Loan & Deposit Bank Mortgage Lending & HMDA Data, 2008
In 2008, Bedford Loan & Deposit Bank of Bedford, KY reported 211 mortgage applications totaling $16.4 million, down 26% from 2007. The average application was for $77,616, and applicants reported an average income of $50,331. 65% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Louisville-Jefferson County, KY-IN (194) and Nashville-Davidson--Murfreesboro--Franklin, TN (1).
| 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 | 211 |
| Total Mortgage Loan Application Amount | $16,377,000 |
| Average Mortgage Loan Application Amount | $77,616 |
| Highest Mortgage Loan Application Amount | $534,000 |
| Average Applicant Income | $50,331 |
| Highest Applicant Income | $171,000 |
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records Bedford Loan & Deposit Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008
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 | 94 | $8,063,000 | $85,000 | $470,000 | $54,000 | $159,000 |
| Home Purchase | 90 | $7,504,000 | $83,000 | $534,000 | $46,000 | $137,000 |
| Home Improvement | 27 | $810,000 | $30,000 | $109,000 | $52,000 | $171,000 |
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 | 203 | $15,856,000 | $78,000 | $534,000 | $51,000 | $171,000 |
| Not applicable | 2 | $117,000 | $58,000 | $67,000 | $0 | $0 |
| Asian | 2 | $45,000 | $22,000 | $23,000 | $77,000 | $77,000 |
| Black or African American | 2 | $272,000 | $136,000 | $167,000 | $54,000 | $77,000 |
| Hispanic | 2 | $87,000 | $43,000 | $60,000 | $28,000 | $30,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 192 | $14,373,000 | $74,000 | $534,000 | $51,000 | $171,000 |
| FHA-insured (Federal Housing Administration) | 18 | $1,943,000 | $107,000 | $175,000 | $40,000 | $84,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $61,000 | $61,000 | $61,000 | $36,000 | $36,000 |
| 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 | 138 | $8,811,000 | $63,000 | $470,000 | $52,000 | $171,000 |
| Application Denied By Financial Institution | 43 | $4,872,000 | $113,000 | $534,000 | $45,000 | $140,000 |
| Application Withdrawn By Applicant | 24 | $2,095,000 | $87,000 | $243,000 | $49,000 | $145,000 |
| File Closed For Incompleteness | 3 | $426,000 | $142,000 | $175,000 | $60,000 | $84,000 |
| Application Approved But Not Accepted | 3 | $173,000 | $57,000 | $78,000 | $48,000 | $81,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 1 | $79,000 | $79,000 | $79,000 | $41,000 | $41,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $254,000 | $254,000 | $254,000 | $69,000 | $69,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bedford Loan & Deposit Bank's 2008 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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