L&N Federal Credit Union Mortgage Lending & HMDA Data, 2006
In 2006, L&N Federal Credit Union of Louisville, KY reported 713 mortgage applications totaling $74.2 million, up 7% from 2005. The average application was for $104,124, and applicants reported an average income of $57,920. 67% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Louisville-Jefferson County, KY-IN (342), Cincinnati-Middletown, OH-KY-IN (41) and Elizabethtown, KY (1) (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 | 713 |
| Total Mortgage Loan Application Amount | $74,241,000 |
| Average Mortgage Loan Application Amount | $104,124 |
| Highest Mortgage Loan Application Amount | $456,000 |
| Average Applicant Income | $57,920 |
| Highest Applicant Income | $301,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 266 | $ 28,308,000 | $ 106,421 | $ 58,000 |
| Laurel, Kentucky | 90 | $ 8,256,000 | $ 91,733 | $ 60,000 |
| Whitley, Kentucky | 55 | $ 5,343,000 | $ 97,145 | $ 54,000 |
| Knox, Kentucky | 36 | $ 2,974,000 | $ 82,611 | $ 51,000 |
| Bullitt, Kentucky | 35 | $ 4,282,000 | $ 122,342 | $ 62,000 |
| Pulaski, Kentucky | 30 | $ 2,125,000 | $ 70,833 | $ 45,000 |
| Clark, Indiana | 17 | $ 1,421,000 | $ 83,588 | $ 57,000 |
| Boone, Kentucky | 16 | $ 2,149,000 | $ 134,312 | $ 63,000 |
| Kenton, Kentucky | 14 | $ 1,584,000 | $ 113,142 | $ 62,000 |
| Floyd, Indiana | 7 | $ 1,081,000 | $ 154,428 | $ 74,000 |
| Shelby, Kentucky | 7 | $ 1,381,000 | $ 197,285 | $ 60,000 |
| Meade, Kentucky | 5 | $ 294,000 | $ 58,800 | $ 55,000 |
| Oldham, Kentucky | 5 | $ 1,126,000 | $ 225,200 | $ 85,000 |
| Spencer, Kentucky | 5 | $ 532,000 | $ 106,400 | $ 97,000 |
| Campbell, Kentucky | 4 | $ 276,000 | $ 69,000 | $ 90,000 |
| Clay, Kentucky | 4 | $ 171,000 | $ 42,750 | $ 38,000 |
| Henry, Kentucky | 4 | $ 931,000 | $ 232,750 | $ 73,000 |
| Nelson, Kentucky | 4 | $ 441,000 | $ 110,250 | $ 64,000 |
| Perry, Kentucky | 4 | $ 417,000 | $ 104,250 | $ 79,000 |
| Breckinridge, Kentucky | 3 | $ 321,000 | $ 107,000 | $ 48,000 |
| Hardin, Kentucky | 3 | $ 207,000 | $ 69,000 | $ 27,000 |
| Bell, Kentucky | 2 | $ 217,000 | $ 108,500 | $ 52,000 |
| Bracken, Kentucky | 2 | $ 182,000 | $ 91,000 | $ 107,000 |
| Franklin, Kentucky | 2 | $ 119,000 | $ 59,500 | $ 82,000 |
| Gallatin, Kentucky | 2 | $ 108,000 | $ 54,000 | $ 81,000 |
| Harlan, Kentucky | 2 | $ 209,000 | $ 104,500 | $ 54,000 |
| Jackson, Kentucky | 2 | $ 127,000 | $ 63,500 | $ 31,000 |
| McCreary, Kentucky | 2 | $ 200,000 | $ 100,000 | $ 33,000 |
| Owen, Kentucky | 2 | $ 208,000 | $ 104,000 | $ 55,000 |
| Clermont, Ohio | 2 | $ 186,000 | $ 93,000 | $ 72,000 |
| Hamilton, Ohio | 2 | $ 143,000 | $ 71,500 | $ 45,000 |
| Alachua, Florida | 1 | $ 100,000 | $ 100,000 | $ 125,000 |
| Sarasota, Florida | 1 | $ 160,000 | $ 160,000 | $ 40,000 |
| Harrison, Indiana | 1 | $ 119,000 | $ 119,000 | $ 24,000 |
| Jefferson, Indiana | 1 | $ 233,000 | $ 233,000 | $ 91,000 |
| Switzerland, Indiana | 1 | $ 187,000 | $ 187,000 | $ 67,000 |
| Adair, Kentucky | 1 | $ 29,000 | $ 29,000 | $ 92,000 |
| Allen, Kentucky | 1 | $ 172,000 | $ 172,000 | $ 263,000 |
| Barren, Kentucky | 1 | $ 55,000 | $ 55,000 | $ 45,000 |
| Breathitt, Kentucky | 1 | $ 64,000 | $ 64,000 | $ 59,000 |
| Carroll, Kentucky | 1 | $ 92,000 | $ 92,000 | $ 45,000 |
| Clark, Kentucky | 1 | $ 40,000 | $ 40,000 | $ 26,000 |
| Clinton, Kentucky | 1 | $ 54,000 | $ 54,000 | $ 45,000 |
| Edmonson, Kentucky | 1 | $ 52,000 | $ 52,000 | $ 69,000 |
| Estill, Kentucky | 1 | $ 119,000 | $ 119,000 | $ 35,000 |
| Fayette, Kentucky | 1 | $ 180,000 | $ 180,000 | $ 116,000 |
| Grant, Kentucky | 1 | $ 30,000 | $ 30,000 | $ 57,000 |
| Hopkins, Kentucky | 1 | $ 345,000 | $ 345,000 | $ 125,000 |
| Larue, Kentucky | 1 | $ 103,000 | $ 103,000 | $ 51,000 |
| Leslie, Kentucky | 1 | $ 100,000 | $ 100,000 | $ 54,000 |
| Madison, Kentucky | 1 | $ 192,000 | $ 192,000 | $ 53,000 |
| Pendleton, Kentucky | 1 | $ 73,000 | $ 73,000 | $ 51,000 |
| Powell, Kentucky | 1 | $ 56,000 | $ 56,000 | $ 50,000 |
| Rockcastle, Kentucky | 1 | $ 65,000 | $ 65,000 | $ 43,000 |
| Trimble, Kentucky | 1 | $ 44,000 | $ 44,000 | $ 37,000 |
| Blount, Tennessee | 1 | $ 54,000 | $ 54,000 | $ 171,000 |
| Claiborne, Tennessee | 1 | $ 77,000 | $ 77,000 | $ 23,000 |
| Knox, Tennessee | 1 | $ 104,000 | $ 104,000 | $ 51,000 |
| Unicoi, Tennessee | 1 | $ 138,000 | $ 138,000 | $ 72,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2006
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 | 405 | $40,629,000 | $100,000 | $456,000 | $57,000 | $263,000 |
| Home Purchase | 298 | $33,397,000 | $112,000 | $417,000 | $59,000 | $301,000 |
| Home Improvement | 10 | $215,000 | $21,000 | $50,000 | $63,000 | $131,000 |
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 | 651 | $68,172,000 | $104,000 | $456,000 | $58,000 | $301,000 |
| Black or African American | 53 | $5,102,000 | $96,000 | $345,000 | $52,000 | $125,000 |
| Hispanic | 5 | $432,000 | $86,000 | $145,000 | $94,000 | $197,000 |
| Asian | 2 | $320,000 | $160,000 | $170,000 | $112,000 | $118,000 |
| Not Provided | 1 | $111,000 | $111,000 | $111,000 | $25,000 | $25,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $104,000 | $104,000 | $104,000 | $29,000 | $29,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 713 | $74,241,000 | $104,000 | $456,000 | $58,000 | $301,000 |
| 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 | 478 | $49,426,000 | $103,000 | $456,000 | $60,000 | $279,000 |
| Application Denied By Financial Institution | 177 | $18,268,000 | $103,000 | $372,000 | $48,000 | $301,000 |
| Application Withdrawn By Applicant | 40 | $4,650,000 | $116,000 | $379,000 | $75,000 | $301,000 |
| File Closed For Incompleteness | 13 | $1,391,000 | $107,000 | $168,000 | $59,000 | $118,000 |
| Preapproval Approved but not Accepted | 4 | $396,000 | $99,000 | $124,000 | $50,000 | $68,000 |
| Preapproval Denied by Financial Institution | 1 | $110,000 | $110,000 | $110,000 | $54,000 | $54,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 84 | $8,004,000 | $95,000 | $200,000 | $50,000 | $111,000 |
| Debt-To-Income Ratio | 63 | $7,126,000 | $113,000 | $372,000 | $41,000 | $109,000 |
| Collateral | 17 | $1,724,000 | $101,000 | $225,000 | $63,000 | $301,000 |
| Employment History | 6 | $550,000 | $91,000 | $120,000 | $35,000 | $56,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $265,000 | $88,000 | $125,000 | $50,000 | $52,000 |
| Unverifiable Information | 2 | $179,000 | $89,000 | $110,000 | $53,000 | $54,000 |
| Other | 1 | $113,000 | $113,000 | $113,000 | $42,000 | $42,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into L&N Federal Credit Union's 2006 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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