Kentucky Federal S&L Assoc Mortgage Lending & HMDA Data, 2012
In 2012, Kentucky Federal S&L Assoc of Covington, KY reported 81 mortgage applications totaling $10.8 million, up 12% from 2011. The average application was for $133,790, and applicants reported an average income of $74,580. 86% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Cincinnati-Middletown, OH-KY-IN (75) and Lexington-Fayette, KY (1).
| Mortgage Company & Address | Kentucky Federal S&L Assoc 1050 Scott Street Covington, KY 41011 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 |
| Total Number of Mortgage Applications | 81 |
| Total Mortgage Loan Application Amount | $10,837,000 |
| Average Mortgage Loan Application Amount | $133,790 |
| Highest Mortgage Loan Application Amount | $660,000 |
| Average Applicant Income | $74,580 |
| Highest Applicant Income | $592,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Kentucky Federal S&L Assoc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Kentucky Federal S&L Assoc in 2012
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 | 45 | $6,034,000 | $134,000 | $660,000 | $63,000 | $216,000 |
| Refinancing | 35 | $4,793,000 | $136,000 | $540,000 | $91,000 | $592,000 |
| Home Improvement | 1 | $10,000 | $10,000 | $10,000 | $21,000 | $21,000 |
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 | 67 | $9,630,000 | $143,000 | $660,000 | $63,000 | $216,000 |
| Not applicable | 9 | $759,000 | $84,000 | $203,000 | $179,000 | $592,000 |
| Asian | 2 | $332,000 | $166,000 | $292,000 | $64,000 | $105,000 |
| Black or African American | 2 | $94,000 | $47,000 | $50,000 | $43,000 | $71,000 |
| Not Provided | 1 | $22,000 | $22,000 | $22,000 | $39,000 | $39,000 |
| 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) | 51 | $6,190,000 | $121,000 | $660,000 | $85,000 | $592,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 30 | $4,647,000 | $154,000 | $292,000 | $57,000 | $105,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 70 | $9,756,000 | $139,000 | $660,000 | $79,000 | $592,000 |
| Application Denied By Financial Institution | 9 | $1,001,000 | $111,000 | $540,000 | $45,000 | $138,000 |
| Preapproval Denied by Financial Institution | 2 | $80,000 | $40,000 | $50,000 | $66,000 | $71,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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 | 6 | $363,000 | $60,000 | $185,000 | $38,000 | $65,000 |
| Debt-To-Income Ratio | 4 | $678,000 | $169,000 | $540,000 | $72,000 | $138,000 |
| Employment History | 1 | $40,000 | $40,000 | $40,000 | $23,000 | $23,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Kentucky Federal S&L Assoc's 2012 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 Assoc'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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