Cumberland Valley National Bank & Trust Co Mortgage Lending & HMDA Data, 2019
In 2019, Cumberland Valley National Bank & Trust Co of London, KY reported 147 mortgage applications totaling $23.7 million, up 21% from 2018. The average application was for $161,462, and applicants reported an average income of $112,095. 86% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Lexington-Fayette, KY (31), Columbus, OH (1) and Louisville/Jefferson County, 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 | 147 |
| Total Mortgage Loan Application Amount | $23,735,000 |
| Average Mortgage Loan Application Amount | $161,462 |
| Highest Mortgage Loan Application Amount | $975,000 |
| Average Applicant Income | $112,095 |
| Highest Applicant Income | $626,000 |
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Valley National Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Cumberland Valley National Bank & Trust Co in 2019
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 | 94 | $14,410,000 | $153,000 | $925,000 | $119,000 | $626,000 |
| Refinancing | 23 | $6,625,000 | $288,000 | $975,000 | $134,000 | $303,000 |
| Cash-out Refinancing | 16 | $2,060,000 | $128,000 | $755,000 | $67,000 | $414,000 |
| Home Improvement | 11 | $405,000 | $36,000 | $65,000 | $80,000 | $201,000 |
| Other Purpose | 3 | $235,000 | $78,000 | $155,000 | $86,000 | $190,000 |
| 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 | 93 | $11,405,000 | $122,000 | $755,000 | $105,000 | $626,000 |
| Not applicable | 49 | $10,545,000 | $215,000 | $925,000 | $0 | $0 |
| Black or African American | 4 | $1,640,000 | $410,000 | $975,000 | $201,000 | $303,000 |
| Asian | 1 | $145,000 | $145,000 | $145,000 | $60,000 | $60,000 |
| 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 |
| 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) | 147 | $23,735,000 | $161,000 | $975,000 | $108,000 | $626,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 126 | $22,230,000 | $176,000 | $975,000 | $123,000 | $626,000 |
| Application Denied By Financial Institution | 12 | $950,000 | $79,000 | $175,000 | $57,000 | $100,000 |
| Application Withdrawn By Applicant | 8 | $540,000 | $67,000 | $115,000 | $40,000 | $78,000 |
| Application Approved But Not Accepted | 1 | $15,000 | $15,000 | $15,000 | $28,000 | $28,000 |
| File Closed For Incompleteness | 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 | 135 | $22,785,000 | $168,000 | $975,000 | $115,000 | $626,000 |
| Debt-To-Income Ratio | 7 | $605,000 | $86,000 | $175,000 | $55,000 | $94,000 |
| Credit History | 4 | $290,000 | $72,000 | $145,000 | $49,000 | $83,000 |
| Collateral | 1 | $55,000 | $55,000 | $55,000 | $100,000 | $100,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Cumberland Valley National Bank & Trust Co's 2019 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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