Kentucky Federal S & L Assn Mortgage Lending & HMDA Data, 2005
In 2005, Kentucky Federal S & L Assn of Covington, KY reported 64 mortgage applications totaling $6.8 million, up 12% from 2004. The average application was for $105,484, and applicants reported an average income of $67,484. 83% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Lexington-Fayette, KY (17) and Cincinnati-Middletown, OH-KY-IN (6).
| 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 | 64 |
| Total Mortgage Loan Application Amount | $6,751,000 |
| Average Mortgage Loan Application Amount | $105,484 |
| Highest Mortgage Loan Application Amount | $358,000 |
| Average Applicant Income | $67,484 |
| Highest Applicant Income | $311,000 |
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records Kentucky Federal S & L Assn filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lexington-Fayette, KY | 17 | $ 1,877,000 | $ 110,411 | $ 76,000 |
| Cincinnati-Middletown, OH-KY-IN | 6 | $ 805,000 | $ 134,166 | $ 130,000 |
Mortgage Loan Application Detail Totals for Kentucky Federal S & L Assn in 2005
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 | 34 | $3,822,000 | $117,000 | $280,000 | $103,500 | $311,000 |
| Refinancing | 27 | $2,894,000 | $143,000 | $358,000 | $76,500 | $304,000 |
| Home Improvement | 3 | $35,000 | $11,000 | $25,000 | $37,000 | $75,000 |
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 | 55 | $6,114,000 | $121,000 | $358,000 | $97,000 | $311,000 |
| Black or African American | 7 | $491,000 | $70,000 | $120,000 | $38,000 | $70,000 |
| Asian | 2 | $146,000 | $73,000 | $117,000 | $53,000 | $53,000 |
| 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 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) | 64 | $6,751,000 | $118,000 | $358,000 | $94,500 | $311,000 |
| 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 | 53 | $5,882,000 | $121,000 | $358,000 | $98,500 | $311,000 |
| Application Denied By Financial Institution | 7 | $480,000 | $68,000 | $120,000 | $30,000 | $70,000 |
| Application Withdrawn By Applicant | 3 | $239,000 | $79,000 | $95,000 | $66,000 | $102,000 |
| File Closed For Incompleteness | 1 | $150,000 | $150,000 | $150,000 | $70,000 | $70,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 5 | $369,000 | $73,000 | $120,000 | $18,000 | $33,000 |
| Collateral | 1 | $56,000 | $56,000 | $56,000 | $70,000 | $70,000 |
| Credit History | 1 | $55,000 | $55,000 | $55,000 | $29,000 | $29,000 |
| Credit Application Incomplete | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Kentucky Federal S & L Assn's 2005 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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