Kentucky Federal S & L Assn Mortgage Lending & HMDA Data, 2004
In 2004, Kentucky Federal S & L Assn of Covington, KY reported 57 mortgage applications totaling $7.1 million, down 53% from 2003. The average application was for $124,736, and applicants reported an average income of $81,578. 84% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Lexington-Fayette, KY (13) and Cincinnati-Middletown, OH-KY-IN (2).
| Mortgage Company & Address | Kentucky Federal S & L Assn 1050 Scott Street Covington, KY 41011 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 57 |
| Total Mortgage Loan Application Amount | $7,110,000 |
| Average Mortgage Loan Application Amount | $124,736 |
| Highest Mortgage Loan Application Amount | $500,000 |
| Average Applicant Income | $81,578 |
| Highest Applicant Income | $831,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Kentucky Federal S & L Assn filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Kenton, Kentucky | 15 | $ 1,303,000 | $ 86,866 | $ 67,000 |
| Boone, Kentucky | 14 | $ 1,524,000 | $ 108,857 | $ 140,000 |
| Fayette, Kentucky | 8 | $ 2,006,000 | $ 250,750 | $ 87,000 |
| Grant, Kentucky | 5 | $ 334,000 | $ 66,800 | $ 62,000 |
| Pendleton, Kentucky | 4 | $ 215,000 | $ 53,750 | $ 55,000 |
| Campbell, Kentucky | 3 | $ 337,000 | $ 112,333 | $ 36,000 |
| Scott, Kentucky | 2 | $ 364,000 | $ 182,000 | $ 80,000 |
| Woodford, Kentucky | 2 | $ 362,000 | $ 181,000 | $ 128,000 |
| Hamilton, Ohio | 2 | $ 375,000 | $ 187,500 | $ 77,000 |
| Anderson, Kentucky | 1 | $ 65,000 | $ 65,000 | $ 60,000 |
| Jessamine, Kentucky | 1 | $ 225,000 | $ 225,000 | $ 92,000 |
Mortgage Loan Application Detail Totals for Kentucky Federal S & L Assn 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 | 30 | $4,725,000 | $171,000 | $500,000 | $88,500 | $831,000 |
| Home Purchase | 26 | $2,378,000 | $91,000 | $475,000 | $63,000 | $138,000 |
| Home Improvement | 1 | $7,000 | $7,000 | $7,000 | $58,000 | $58,000 |
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 | 50 | $6,501,000 | $125,000 | $500,000 | $72,000 | $831,000 |
| Black or African American | 4 | $185,000 | $46,000 | $84,000 | $24,000 | $40,000 |
| Hispanic | 2 | $169,000 | $84,000 | $89,000 | $64,000 | $70,000 |
| Asian | 1 | $255,000 | $255,000 | $255,000 | $103,000 | $103,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 57 | $7,110,000 | $154,500 | $500,000 | $79,500 | $831,000 |
| 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 | 48 | $6,153,000 | $156,000 | $500,000 | $83,500 | $831,000 |
| Application Withdrawn By Applicant | 4 | $406,000 | $101,000 | $141,000 | $85,000 | $87,000 |
| File Closed For Incompleteness | 2 | $99,000 | $49,000 | $60,000 | $39,000 | $54,000 |
| Application Approved But Not Accepted | 2 | $237,000 | $118,000 | $157,000 | $47,000 | $57,000 |
| Application Denied By Financial Institution | 1 | $215,000 | $215,000 | $215,000 | $34,000 | $34,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $215,000 | $215,000 | $215,000 | $34,000 | $34,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Kentucky Federal S & L Assn'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 Kentucky Federal S & L Assn'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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