L&N Federal Credit Union Mortgage Lending & HMDA Data, 2003
In 2003, L&N Federal Credit Union of Louisville, KY reported 1,344 mortgage applications totaling $99.6 million. The average application was for $74,084, and applicants reported an average income of $60,385. 88% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Louisville, KY-IN (616) and Cincinnati, OH-KY-IN (5).
| Mortgage Company & Address | L&N Federal Credit Union 9265 Smyrna Parkway Louisville, KY 40229 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 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,344 |
| Total Mortgage Loan Application Amount | $99,569,000 |
| Average Mortgage Loan Application Amount | $74,084 |
| Highest Mortgage Loan Application Amount | $340,000 |
| Average Applicant Income | $60,385 |
| Highest Applicant Income | $444,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Jefferson, Kentucky | 559 | $ 40,824,000 | $ 73,030 | $ 62,000 |
| Laurel, Kentucky | 221 | $ 14,788,000 | $ 66,914 | $ 47,000 |
| Whitley, Kentucky | 63 | $ 4,086,000 | $ 64,857 | $ 58,000 |
| Bullitt, Kentucky | 61 | $ 5,244,000 | $ 85,967 | $ 59,000 |
| Kenton, Kentucky | 60 | $ 4,962,000 | $ 82,700 | $ 54,000 |
| Knox, Kentucky | 57 | $ 3,397,000 | $ 59,596 | $ 47,000 |
| Boone, Kentucky | 49 | $ 4,552,000 | $ 92,897 | $ 50,000 |
| Clark, Indiana | 37 | $ 2,777,000 | $ 75,054 | $ 73,000 |
| Floyd, Indiana | 32 | $ 2,678,000 | $ 83,687 | $ 47,000 |
| Oldham, Kentucky | 19 | $ 1,795,000 | $ 94,473 | $ 78,000 |
| Harrison, Indiana | 14 | $ 1,401,000 | $ 100,071 | $ 54,000 |
| Hardin, Kentucky | 11 | $ 534,000 | $ 48,545 | $ 54,000 |
| Campbell, Kentucky | 9 | $ 718,000 | $ 79,777 | $ 81,000 |
| Washington, Indiana | 8 | $ 625,000 | $ 78,125 | $ 49,000 |
| Nelson, Kentucky | 8 | $ 506,000 | $ 63,250 | $ 58,000 |
| Perry, Kentucky | 8 | $ 678,000 | $ 84,750 | $ 63,000 |
| Harlan, Kentucky | 7 | $ 346,000 | $ 49,428 | $ 43,000 |
| Rockcastle, Kentucky | 7 | $ 576,000 | $ 82,285 | $ 68,000 |
| Shelby, Kentucky | 7 | $ 656,000 | $ 93,714 | $ 61,000 |
| Campbell, Tennessee | 7 | $ 377,000 | $ 53,857 | $ 38,000 |
| Gallatin, Kentucky | 6 | $ 473,000 | $ 78,833 | $ 70,000 |
| Meade, Kentucky | 6 | $ 582,000 | $ 97,000 | $ 56,000 |
| Clay, Kentucky | 5 | $ 316,000 | $ 63,200 | $ 59,000 |
| Spencer, Kentucky | 5 | $ 488,000 | $ 97,600 | $ 61,000 |
| Grant, Kentucky | 4 | $ 252,000 | $ 63,000 | $ 71,000 |
| Jackson, Kentucky | 4 | $ 251,000 | $ 62,750 | $ 54,000 |
| Madison, Kentucky | 4 | $ 323,000 | $ 80,750 | $ 70,000 |
| Dearborn, Indiana | 3 | $ 244,000 | $ 81,333 | $ 56,000 |
| Bell, Kentucky | 3 | $ 242,000 | $ 80,666 | $ 57,000 |
| Boyd, Kentucky | 3 | $ 180,000 | $ 60,000 | $ 52,000 |
| Floyd, Kentucky | 3 | $ 231,000 | $ 77,000 | $ 54,000 |
| Hamilton, Ohio | 3 | $ 305,000 | $ 101,666 | $ 92,000 |
| Crawford, Indiana | 2 | $ 111,000 | $ 55,500 | $ 40,000 |
| Greenup, Kentucky | 2 | $ 175,000 | $ 87,500 | $ 67,000 |
| Lee, Kentucky | 2 | $ 145,000 | $ 72,500 | $ 60,000 |
| Pendleton, Kentucky | 2 | $ 146,000 | $ 73,000 | $ 69,000 |
| Woodford, Kentucky | 2 | $ 119,000 | $ 59,500 | $ 107,000 |
| Butler, Ohio | 2 | $ 159,000 | $ 79,500 | $ 47,000 |
| Scioto, Ohio | 2 | $ 41,000 | $ 20,500 | $ 54,000 |
| Bay, Florida | 1 | $ 81,000 | $ 81,000 | $ 0 |
| Hillsborough, Florida | 1 | $ 81,000 | $ 81,000 | $ 28,000 |
| Pasco, Florida | 1 | $ 111,000 | $ 111,000 | $ 60,000 |
| Jackson, Indiana | 1 | $ 38,000 | $ 38,000 | $ 0 |
| Lawrence, Indiana | 1 | $ 25,000 | $ 25,000 | $ 58,000 |
| Monroe, Indiana | 1 | $ 83,000 | $ 83,000 | $ 62,000 |
| Switzerland, Indiana | 1 | $ 28,000 | $ 28,000 | $ 44,000 |
| Boyle, Kentucky | 1 | $ 84,000 | $ 84,000 | $ 91,000 |
| Breathitt, Kentucky | 1 | $ 123,000 | $ 123,000 | $ 101,000 |
| Breckinridge, Kentucky | 1 | $ 67,000 | $ 67,000 | $ 54,000 |
| Carroll, Kentucky | 1 | $ 48,000 | $ 48,000 | $ 56,000 |
| Fayette, Kentucky | 1 | $ 150,000 | $ 150,000 | $ 93,000 |
| Graves, Kentucky | 1 | $ 20,000 | $ 20,000 | $ 93,000 |
| Grayson, Kentucky | 1 | $ 70,000 | $ 70,000 | $ 40,000 |
| Harrison, Kentucky | 1 | $ 42,000 | $ 42,000 | $ 46,000 |
| Henry, Kentucky | 1 | $ 82,000 | $ 82,000 | $ 28,000 |
| Lawrence, Kentucky | 1 | $ 130,000 | $ 130,000 | $ 83,000 |
| Montgomery, Kentucky | 1 | $ 90,000 | $ 90,000 | $ 63,000 |
| Owen, Kentucky | 1 | $ 75,000 | $ 75,000 | $ 84,000 |
| Pike, Kentucky | 1 | $ 86,000 | $ 86,000 | $ 193,000 |
| Powell, Kentucky | 1 | $ 97,000 | $ 97,000 | $ 59,000 |
| Pulaski, Kentucky | 1 | $ 93,000 | $ 93,000 | $ 32,000 |
| Scott, Kentucky | 1 | $ 88,000 | $ 88,000 | $ 63,000 |
| Wayne, Kentucky | 1 | $ 94,000 | $ 94,000 | $ 52,000 |
| Clermont, Ohio | 1 | $ 124,000 | $ 124,000 | $ 146,000 |
| Lawrence, Ohio | 1 | $ 145,000 | $ 145,000 | $ 81,000 |
| Warren, Ohio | 1 | $ 166,000 | $ 166,000 | $ 109,000 |
| Claiborne, Tennessee | 1 | $ 54,000 | $ 54,000 | $ 71,000 |
| Greene, Tennessee | 1 | $ 120,000 | $ 120,000 | $ 114,000 |
| Rutherford, Tennessee | 1 | $ 196,000 | $ 196,000 | $ 121,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2003
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 (home purchase or home improvement, one-to-four family) | 1,160 | $84,512,000 | $81,400 | $340,000 | $59,400 | $331,000 |
| Home Purchase (one-to-four family) | 143 | $13,465,000 | $100,000 | $239,000 | $51,333 | $444,000 |
| Home Improvement (one-to-four family) | 41 | $1,592,000 | $45,000 | $178,000 | $64,500 | $147,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 1,270 | $93,861,000 | $80,666 | $340,000 | $55,666 | $444,000 |
| Black | 55 | $4,136,000 | $94,500 | $226,000 | $81,500 | $183,000 |
| Information not provided by applicant in mail or telephone application | 11 | $842,000 | $75,500 | $138,000 | $68,000 | $85,000 |
| Asian or Pacific Islander | 7 | $561,000 | $90,000 | $145,000 | $75,000 | $107,000 |
| American Indian or Alaskan Native | 1 | $169,000 | $169,000 | $169,000 | $117,000 | $117,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 1,344 | $99,569,000 | $80,833 | $340,000 | $56,500 | $444,000 |
| 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 | 1,178 | $87,358,000 | $85,200 | $340,000 | $67,000 | $444,000 |
| Application Denied By Financial Institution | 107 | $7,276,000 | $65,400 | $233,000 | $40,800 | $101,000 |
| Application Withdrawn By Applicant | 47 | $3,744,000 | $76,600 | $288,000 | $30,800 | $155,000 |
| File Closed For Incompleteness | 7 | $690,000 | $112,000 | $138,000 | $46,000 | $96,000 |
| Application Approved But Not Accepted | 5 | $501,000 | $100,000 | $128,000 | $45,000 | $74,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Credit History | 48 | $2,981,000 | $69,250 | $140,000 | $46,750 | $90,000 |
| Debt-To-Income Ratio | 38 | $2,827,000 | $51,666 | $233,000 | $36,000 | $101,000 |
| Collateral | 6 | $271,000 | $47,000 | $112,000 | $44,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $245,000 | $122,000 | $145,000 | $47,000 | $49,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into L&N Federal Credit Union's 2003 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 L&N Federal Credit Union'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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