L&N Federal Credit Union Mortgage Lending & HMDA Data, 2004
In 2004, L&N Federal Credit Union of Louisville, KY reported 766 mortgage applications totaling $72.6 million, down 43% from 2003. The average application was for $94,757, and applicants reported an average income of $58,881. 72% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Louisville, KY-IN (347), Cincinnati-Middletown, OH-KY-IN (8) and Lexington-Fayette, KY (5) (applications in parentheses).
| 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 | 766 |
| Total Mortgage Loan Application Amount | $72,584,000 |
| Average Mortgage Loan Application Amount | $94,757 |
| Highest Mortgage Loan Application Amount | $380,000 |
| Average Applicant Income | $58,881 |
| Highest Applicant Income | $360,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 287 | $ 26,666,000 | $ 92,912 | $ 60,000 |
| Laurel, Kentucky | 91 | $ 7,464,000 | $ 82,021 | $ 47,000 |
| Boone, Kentucky | 36 | $ 4,064,000 | $ 112,888 | $ 65,000 |
| Whitley, Kentucky | 33 | $ 2,535,000 | $ 76,818 | $ 44,000 |
| Kenton, Kentucky | 32 | $ 3,270,000 | $ 102,187 | $ 58,000 |
| Bullitt, Kentucky | 31 | $ 3,507,000 | $ 113,129 | $ 58,000 |
| Clark, Indiana | 22 | $ 2,032,000 | $ 92,363 | $ 51,000 |
| Floyd, Indiana | 18 | $ 1,830,000 | $ 101,666 | $ 55,000 |
| Knox, Kentucky | 15 | $ 980,000 | $ 65,333 | $ 66,000 |
| Clay, Kentucky | 12 | $ 858,000 | $ 71,500 | $ 61,000 |
| Nelson, Kentucky | 10 | $ 901,000 | $ 90,100 | $ 62,000 |
| Pulaski, Kentucky | 9 | $ 671,000 | $ 74,555 | $ 57,000 |
| Oldham, Kentucky | 8 | $ 1,432,000 | $ 179,000 | $ 89,000 |
| Hamilton, Ohio | 8 | $ 543,000 | $ 67,875 | $ 45,000 |
| Gallatin, Kentucky | 7 | $ 630,000 | $ 90,000 | $ 63,000 |
| Madison, Kentucky | 5 | $ 857,000 | $ 171,400 | $ 64,000 |
| Meade, Kentucky | 5 | $ 355,000 | $ 71,000 | $ 45,000 |
| Harrison, Indiana | 4 | $ 415,000 | $ 103,750 | $ 45,000 |
| Campbell, Kentucky | 4 | $ 354,000 | $ 88,500 | $ 60,000 |
| Grant, Kentucky | 4 | $ 259,000 | $ 64,750 | $ 72,000 |
| Jackson, Kentucky | 4 | $ 274,000 | $ 68,500 | $ 76,000 |
| Spencer, Kentucky | 4 | $ 606,000 | $ 151,500 | $ 73,000 |
| Bell, Kentucky | 3 | $ 202,000 | $ 67,333 | $ 57,000 |
| Breckinridge, Kentucky | 3 | $ 153,000 | $ 51,000 | $ 50,000 |
| Fayette, Kentucky | 3 | $ 264,000 | $ 88,000 | $ 62,000 |
| Hardin, Kentucky | 3 | $ 299,000 | $ 99,666 | $ 90,000 |
| Floyd, Kentucky | 2 | $ 225,000 | $ 112,500 | $ 58,000 |
| Grayson, Kentucky | 2 | $ 100,000 | $ 50,000 | $ 48,000 |
| Henry, Kentucky | 2 | $ 233,000 | $ 116,500 | $ 71,000 |
| Lincoln, Kentucky | 2 | $ 197,000 | $ 98,500 | $ 79,000 |
| Owsley, Kentucky | 2 | $ 145,000 | $ 72,500 | $ 48,000 |
| Pendleton, Kentucky | 2 | $ 222,000 | $ 111,000 | $ 33,000 |
| Scott, Kentucky | 2 | $ 130,000 | $ 65,000 | $ 67,000 |
| Butler, Ohio | 2 | $ 199,000 | $ 99,500 | $ 45,000 |
| Bay, Florida | 1 | $ 105,000 | $ 105,000 | $ 76,000 |
| Brevard, Florida | 1 | $ 98,000 | $ 98,000 | $ 55,000 |
| Pinellas, Florida | 1 | $ 35,000 | $ 35,000 | $ 35,000 |
| St. Johns, Florida | 1 | $ 191,000 | $ 191,000 | $ 119,000 |
| Crawford, Indiana | 1 | $ 240,000 | $ 240,000 | $ 63,000 |
| Dearborn, Indiana | 1 | $ 112,000 | $ 112,000 | $ 89,000 |
| Lawrence, Indiana | 1 | $ 61,000 | $ 61,000 | $ 58,000 |
| Madison, Indiana | 1 | $ 64,000 | $ 64,000 | $ 87,000 |
| Scott, Indiana | 1 | $ 61,000 | $ 61,000 | $ 34,000 |
| Switzerland, Indiana | 1 | $ 58,000 | $ 58,000 | $ 66,000 |
| Vanderburgh, Indiana | 1 | $ 91,000 | $ 91,000 | $ 46,000 |
| Washington, Indiana | 1 | $ 42,000 | $ 42,000 | $ 43,000 |
| Bracken, Kentucky | 1 | $ 71,000 | $ 71,000 | $ 61,000 |
| Clark, Kentucky | 1 | $ 155,000 | $ 155,000 | $ 119,000 |
| Estill, Kentucky | 1 | $ 90,000 | $ 90,000 | $ 56,000 |
| Harlan, Kentucky | 1 | $ 15,000 | $ 15,000 | $ 89,000 |
| Hart, Kentucky | 1 | $ 83,000 | $ 83,000 | $ 228,000 |
| Perry, Kentucky | 1 | $ 70,000 | $ 70,000 | $ 54,000 |
| Rockcastle, Kentucky | 1 | $ 108,000 | $ 108,000 | $ 40,000 |
| Shelby, Kentucky | 1 | $ 93,000 | $ 93,000 | $ 66,000 |
| Taylor, Kentucky | 1 | $ 99,000 | $ 99,000 | $ 21,000 |
| Trigg, Kentucky | 1 | $ 125,000 | $ 125,000 | $ 111,000 |
| Trimble, Kentucky | 1 | $ 98,000 | $ 98,000 | $ 33,000 |
| Jefferson, Tennessee | 1 | $ 161,000 | $ 161,000 | $ 37,000 |
| Shelby, Tennessee | 1 | $ 101,000 | $ 101,000 | $ 41,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union 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 | 500 | $43,671,000 | $94,400 | $377,000 | $50,200 | $228,000 |
| Home Purchase | 248 | $28,269,000 | $113,000 | $380,000 | $57,333 | $360,000 |
| Home Improvement | 18 | $644,000 | $25,000 | $109,000 | $52,000 | $111,000 |
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 | 696 | $66,027,000 | $103,333 | $380,000 | $54,166 | $360,000 |
| Black or African American | 51 | $4,780,000 | $87,500 | $256,000 | $51,250 | $169,000 |
| Hispanic | 8 | $836,000 | $86,500 | $196,000 | $53,500 | $93,000 |
| Asian | 5 | $552,000 | $115,500 | $189,000 | $82,500 | $100,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $180,000 | $60,000 | $112,000 | $55,000 | $71,000 |
| Not Provided | 2 | $107,000 | $53,500 | $77,000 | $26,500 | $36,000 |
| American Indian or Alaskan Native | 1 | $102,000 | $102,000 | $102,000 | $57,000 | $57,000 |
| Not applicable | 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) | 766 | $72,584,000 | $102,166 | $380,000 | $53,166 | $360,000 |
| 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 | 553 | $51,705,000 | $100,000 | $377,000 | $57,800 | $178,000 |
| Application Denied By Financial Institution | 169 | $16,270,000 | $92,000 | $264,000 | $47,000 | $360,000 |
| Application Withdrawn By Applicant | 31 | $3,063,000 | $100,666 | $290,000 | $51,666 | $228,000 |
| File Closed For Incompleteness | 10 | $1,259,000 | $96,250 | $380,000 | $62,750 | $353,000 |
| Application Approved But Not Accepted | 3 | $287,000 | $94,000 | $116,000 | $34,000 | $38,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 90 | $7,777,000 | $95,500 | $200,000 | $54,250 | $105,000 |
| Debt-To-Income Ratio | 59 | $6,475,000 | $102,200 | $264,000 | $42,600 | $193,000 |
| Collateral | 10 | $911,000 | $76,750 | $250,000 | $73,750 | $360,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $304,000 | $79,500 | $204,000 | $33,000 | $46,000 |
| Other | 2 | $350,000 | $175,000 | $180,000 | $71,500 | $81,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 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 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 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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