Cumberland Valley National Bank & Trust Co Mortgage Lending & HMDA Data, 2017
In 2017, Cumberland Valley National Bank & Trust Co of London, KY reported 261 mortgage applications totaling $46.2 million, down 23% from 2016. The average application was for $176,862, and applicants reported an average income of $68,425. 79% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Lexington-Fayette, KY (21), Louisville/Jefferson County, KY-IN (9) and Cincinnati, OH-KY-IN (1) (applications in parentheses).
| Mortgage Company & Address | Cumberland Valley National Bank & Trust Co Po Box 709 London, KY 40743 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 2003 |
| Total Number of Mortgage Applications | 261 |
| Total Mortgage Loan Application Amount | $46,161,000 |
| Average Mortgage Loan Application Amount | $176,862 |
| Highest Mortgage Loan Application Amount | $6,175,000 |
| Average Applicant Income | $68,425 |
| Highest Applicant Income | $831,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cumberland Valley National Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Laurel, Kentucky | 76 | $ 6,675,000 | $ 87,828 | $ 60,000 |
| Madison, Kentucky | 47 | $ 5,864,000 | $ 124,765 | $ 73,000 |
| Whitley, Kentucky | 37 | $ 3,992,000 | $ 107,891 | $ 51,000 |
| Pulaski, Kentucky | 35 | $ 11,464,000 | $ 327,542 | $ 69,000 |
| Fayette, Kentucky | 17 | $ 10,894,000 | $ 640,823 | $ 89,000 |
| Knox, Kentucky | 12 | $ 899,000 | $ 74,916 | $ 50,000 |
| Jefferson, Kentucky | 9 | $ 1,185,000 | $ 131,666 | $ 92,000 |
| Sevier, Tennessee | 3 | $ 866,000 | $ 288,666 | $ 277,000 |
| Jackson, Kentucky | 2 | $ 74,000 | $ 37,000 | $ 38,000 |
| McCreary, Kentucky | 2 | $ 84,000 | $ 42,000 | $ 43,000 |
| Powell, Kentucky | 2 | $ 134,000 | $ 67,000 | $ 47,000 |
| Rockcastle, Kentucky | 2 | $ 209,000 | $ 104,500 | $ 69,000 |
| Woodford, Kentucky | 2 | $ 925,000 | $ 462,500 | $ 0 |
| Charlotte, Florida | 1 | $ 155,000 | $ 155,000 | $ 60,000 |
| Sarasota, Florida | 1 | $ 200,000 | $ 200,000 | $ 93,000 |
| Bourbon, Kentucky | 1 | $ 660,000 | $ 660,000 | $ 159,000 |
| Casey, Kentucky | 1 | $ 49,000 | $ 49,000 | $ 30,000 |
| Clay, Kentucky | 1 | $ 3,000 | $ 3,000 | $ 0 |
| Franklin, Kentucky | 1 | $ 80,000 | $ 80,000 | $ 38,000 |
| Garrard, Kentucky | 1 | $ 120,000 | $ 120,000 | $ 100,000 |
| Harlan, Kentucky | 1 | $ 135,000 | $ 135,000 | $ 487,000 |
| Jessamine, Kentucky | 1 | $ 417,000 | $ 417,000 | $ 143,000 |
| Kenton, Kentucky | 1 | $ 138,000 | $ 138,000 | $ 45,000 |
| Meade, Kentucky | 1 | $ 128,000 | $ 128,000 | $ 0 |
| Owen, Kentucky | 1 | $ 415,000 | $ 415,000 | $ 129,000 |
| Russell, Kentucky | 1 | $ 156,000 | $ 156,000 | $ 35,000 |
| Wayne, Kentucky | 1 | $ 134,000 | $ 134,000 | $ 89,000 |
| Sumner, Tennessee | 1 | $ 106,000 | $ 106,000 | $ 0 |
Mortgage Loan Application Detail Totals for Cumberland Valley National Bank & Trust Co in 2017
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 119 | $24,469,000 | $205,000 | $6,175,000 | $59,000 | $566,000 |
| Refinancing | 86 | $19,399,000 | $225,000 | $5,753,000 | $85,000 | $831,000 |
| Home Improvement | 56 | $2,293,000 | $40,000 | $636,000 | $63,000 | $693,000 |
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 | 193 | $21,430,000 | $111,000 | $855,000 | $86,000 | $831,000 |
| Not applicable | 59 | $23,222,000 | $393,000 | $6,175,000 | $0 | $0 |
| Black or African American | 4 | $716,000 | $179,000 | $417,000 | $143,000 | $186,000 |
| Asian | 3 | $780,000 | $260,000 | $417,000 | $193,000 | $410,000 |
| Not Provided | 2 | $13,000 | $6,000 | $10,000 | $46,000 | $71,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 258 | $45,938,000 | $178,000 | $6,175,000 | $69,000 | $831,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $85,000 | $42,000 | $55,000 | $20,000 | $21,000 |
| VA-guaranteed (Veterans Administration) | 1 | $138,000 | $138,000 | $138,000 | $45,000 | $45,000 |
| FHA-insured (Federal Housing 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 | 205 | $32,360,000 | $157,000 | $6,175,000 | $69,000 | $831,000 |
| Application Denied By Financial Institution | 30 | $8,021,000 | $267,000 | $5,753,000 | $43,000 | $171,000 |
| Application Withdrawn By Applicant | 24 | $5,663,000 | $235,000 | $1,300,000 | $98,000 | $487,000 |
| File Closed For Incompleteness | 2 | $117,000 | $58,000 | $65,000 | $22,000 | $44,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 18 | $801,000 | $44,000 | $230,000 | $40,000 | $165,000 |
| Debt-To-Income Ratio | 6 | $6,676,000 | $1,112,000 | $5,753,000 | $36,000 | $159,000 |
| Employment History | 2 | $47,000 | $23,000 | $37,000 | $40,000 | $41,000 |
| Collateral | 2 | $171,000 | $85,000 | $100,000 | $36,000 | $42,000 |
| Unverifiable Information | 2 | $326,000 | $163,000 | $230,000 | $102,000 | $171,000 |
| Credit Application Incomplete | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cumberland Valley National Bank & Trust Co's 2017 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 Cumberland Valley National Bank & Trust Co'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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