Cumberland Valley National Bank & Trust Co Mortgage Lending & HMDA Data, 2023
In 2023, Cumberland Valley National Bank & Trust Co of London, KY reported 170 mortgage applications totaling $40.2 million, down 23% from 2022. The average application was for $236,176, and applicants reported an average income of $140,776. 78% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Lexington-Fayette, KY (27), Louisville/Jefferson County, KY-IN (11) and Cincinnati, OH-KY-IN (2) (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 | 170 |
| Total Mortgage Loan Application Amount | $40,150,000 |
| Average Mortgage Loan Application Amount | $236,176 |
| Highest Mortgage Loan Application Amount | $2,195,000 |
| Average Applicant Income | $140,776 |
| Highest Applicant Income | $981,000 |
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Valley National Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 42 | $ 8,320,000 | $ 198,095 | $ 104,000 |
| Madison, Kentucky | 30 | $ 5,500,000 | $ 183,333 | $ 109,000 |
| Fayette, Kentucky | 20 | $ 6,590,000 | $ 329,500 | $ 294,000 |
| Pulaski, Kentucky | 17 | $ 4,815,000 | $ 283,235 | $ 133,000 |
| Jefferson, Kentucky | 10 | $ 1,710,000 | $ 171,000 | $ 187,000 |
| Whitley, Kentucky | 8 | $ 1,240,000 | $ 155,000 | $ 249,000 |
| Knox, Kentucky | 6 | $ 1,280,000 | $ 213,333 | $ 121,000 |
| Jackson, Kentucky | 3 | $ 225,000 | $ 75,000 | $ 121,000 |
| Powell, Kentucky | 3 | $ 575,000 | $ 191,666 | $ 252,000 |
| Rockcastle, Kentucky | 3 | $ 255,000 | $ 85,000 | $ 39,000 |
| Bourbon, Kentucky | 2 | $ 390,000 | $ 195,000 | $ 0 |
| Grayson, Kentucky | 2 | $ 280,000 | $ 140,000 | $ 240,000 |
| Rowan, Kentucky | 2 | $ 2,480,000 | $ 1,240,000 | $ 0 |
| Scott, Kentucky | 2 | $ 490,000 | $ 245,000 | $ 300,000 |
| Sevier, Tennessee | 2 | $ 810,000 | $ 405,000 | $ 98,000 |
| Osceola, Florida | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Barren, Kentucky | 1 | $ 85,000 | $ 85,000 | $ 50,000 |
| Bell, Kentucky | 1 | $ 45,000 | $ 45,000 | $ 38,000 |
| Boone, Kentucky | 1 | $ 135,000 | $ 135,000 | $ 43,000 |
| Boyle, Kentucky | 1 | $ 125,000 | $ 125,000 | $ 43,000 |
| Campbell, Kentucky | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Clark, Kentucky | 1 | $ 675,000 | $ 675,000 | $ 0 |
| Franklin, Kentucky | 1 | $ 35,000 | $ 35,000 | $ 69,000 |
| Jessamine, Kentucky | 1 | $ 205,000 | $ 205,000 | $ 78,000 |
| Lee, Kentucky | 1 | $ 55,000 | $ 55,000 | $ 14,000 |
| Leslie, Kentucky | 1 | $ 175,000 | $ 175,000 | $ 91,000 |
| McCreary, Kentucky | 1 | $ 105,000 | $ 105,000 | $ 35,000 |
| Spencer, Kentucky | 1 | $ 265,000 | $ 265,000 | $ 81,000 |
| Warren, Kentucky | 1 | $ 175,000 | $ 175,000 | $ 168,000 |
| Wolfe, Kentucky | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Woodford, Kentucky | 1 | $ 505,000 | $ 505,000 | $ 0 |
| Campbell, Tennessee | 1 | $ 385,000 | $ 385,000 | $ 183,000 |
| Knox, Tennessee | 1 | $ 1,685,000 | $ 1,685,000 | $ 981,000 |
Mortgage Loan Application Detail Totals for Cumberland Valley National Bank & Trust Co in 2023
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 | 108 | $28,010,000 | $259,000 | $2,195,000 | $146,000 | $676,000 |
| Refinancing | 32 | $8,490,000 | $265,000 | $1,685,000 | $152,000 | $981,000 |
| Cash-out Refinancing | 19 | $2,325,000 | $122,000 | $315,000 | $90,000 | $208,000 |
| Home Improvement | 7 | $885,000 | $126,000 | $405,000 | $142,000 | $525,000 |
| Other Purpose | 4 | $440,000 | $110,000 | $215,000 | $149,000 | $432,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 117 | $22,065,000 | $188,000 | $1,685,000 | $134,000 | $981,000 |
| Not applicable | 46 | $16,940,000 | $368,000 | $2,195,000 | $0 | $0 |
| Not Provided | 4 | $740,000 | $185,000 | $435,000 | $217,000 | $420,000 |
| Asian | 1 | $195,000 | $195,000 | $195,000 | $466,000 | $466,000 |
| Black or African American | 1 | $105,000 | $105,000 | $105,000 | $166,000 | $166,000 |
| Hispanic | 1 | $105,000 | $105,000 | $105,000 | $43,000 | $43,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 159 | $38,715,000 | $243,000 | $2,195,000 | $146,000 | $981,000 |
| FHA-insured (Federal Housing Administration) | 7 | $815,000 | $116,000 | $225,000 | $55,000 | $131,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $620,000 | $155,000 | $265,000 | $57,000 | $91,000 |
| 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 | 132 | $34,360,000 | $260,000 | $2,195,000 | $161,000 | $981,000 |
| Application Denied By Financial Institution | 22 | $3,470,000 | $157,000 | $755,000 | $92,000 | $676,000 |
| Application Withdrawn By Applicant | 15 | $2,285,000 | $152,000 | $425,000 | $69,000 | $144,000 |
| File Closed For Incompleteness | 1 | $35,000 | $35,000 | $35,000 | $72,000 | $72,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 148 | $36,680,000 | $247,000 | $2,195,000 | $147,000 | $981,000 |
| Credit History | 12 | $1,530,000 | $127,000 | $385,000 | $65,000 | $183,000 |
| Debt-To-Income Ratio | 4 | $710,000 | $177,000 | $435,000 | $56,000 | $96,000 |
| Collateral | 3 | $315,000 | $105,000 | $165,000 | $66,000 | $92,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $160,000 | $80,000 | $115,000 | $38,000 | $38,000 |
| Employment History | 1 | $755,000 | $755,000 | $755,000 | $676,000 | $676,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cumberland Valley National Bank & Trust Co's 2023 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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