L&N Federal Credit Union Mortgage Lending & HMDA Data, 2007
In 2007, L&N Federal Credit Union of Louisville, KY reported 810 mortgage applications totaling $90.6 million, up 14% from 2006. The average application was for $111,911, and applicants reported an average income of $59,564. 57% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Louisville-Jefferson County, KY-IN (354), Cincinnati-Middletown, OH-KY-IN (44) and Akron, OH (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 | 810 |
| Total Mortgage Loan Application Amount | $90,648,000 |
| Average Mortgage Loan Application Amount | $111,911 |
| Highest Mortgage Loan Application Amount | $558,000 |
| Average Applicant Income | $59,564 |
| Highest Applicant Income | $250,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 249 | $ 28,440,000 | $ 114,216 | $ 61,000 |
| Laurel, Kentucky | 106 | $ 9,830,000 | $ 92,735 | $ 55,000 |
| Whitley, Kentucky | 47 | $ 4,029,000 | $ 85,723 | $ 52,000 |
| Knox, Kentucky | 35 | $ 3,094,000 | $ 88,400 | $ 54,000 |
| Bullitt, Kentucky | 34 | $ 3,554,000 | $ 104,529 | $ 60,000 |
| Pulaski, Kentucky | 32 | $ 3,774,000 | $ 117,937 | $ 44,000 |
| Kenton, Kentucky | 24 | $ 2,737,000 | $ 114,041 | $ 63,000 |
| Oldham, Kentucky | 23 | $ 3,967,000 | $ 172,478 | $ 94,000 |
| Clark, Indiana | 17 | $ 1,909,000 | $ 112,294 | $ 54,000 |
| Boone, Kentucky | 10 | $ 1,209,000 | $ 120,900 | $ 68,000 |
| Spencer, Kentucky | 9 | $ 1,816,000 | $ 201,777 | $ 84,000 |
| Clay, Kentucky | 7 | $ 477,000 | $ 68,142 | $ 67,000 |
| Floyd, Indiana | 6 | $ 591,000 | $ 98,500 | $ 56,000 |
| Meade, Kentucky | 6 | $ 616,000 | $ 102,666 | $ 70,000 |
| Nelson, Kentucky | 6 | $ 665,000 | $ 110,833 | $ 67,000 |
| Madison, Kentucky | 4 | $ 518,000 | $ 129,500 | $ 53,000 |
| Shelby, Kentucky | 4 | $ 1,041,000 | $ 260,250 | $ 93,000 |
| Breckinridge, Kentucky | 3 | $ 219,000 | $ 73,000 | $ 74,000 |
| Grant, Kentucky | 3 | $ 437,000 | $ 145,666 | $ 82,000 |
| Pendleton, Kentucky | 3 | $ 257,000 | $ 85,666 | $ 40,000 |
| Rockcastle, Kentucky | 3 | $ 283,000 | $ 94,333 | $ 65,000 |
| Volusia, Florida | 2 | $ 245,000 | $ 122,500 | $ 125,000 |
| Washington, Indiana | 2 | $ 124,000 | $ 62,000 | $ 63,000 |
| Campbell, Kentucky | 2 | $ 246,000 | $ 123,000 | $ 63,000 |
| Carroll, Kentucky | 2 | $ 219,000 | $ 109,500 | $ 70,000 |
| Grayson, Kentucky | 2 | $ 81,000 | $ 40,500 | $ 48,000 |
| Henry, Kentucky | 2 | $ 201,000 | $ 100,500 | $ 46,000 |
| McCreary, Kentucky | 2 | $ 107,000 | $ 53,500 | $ 48,000 |
| Owen, Kentucky | 2 | $ 71,000 | $ 35,500 | $ 46,000 |
| Russell, Kentucky | 2 | $ 249,000 | $ 124,500 | $ 105,000 |
| Wayne, Kentucky | 2 | $ 157,000 | $ 78,500 | $ 35,000 |
| Blount, Tennessee | 2 | $ 300,000 | $ 150,000 | $ 171,000 |
| Campbell, Tennessee | 2 | $ 220,000 | $ 110,000 | $ 58,000 |
| Alachua, Florida | 1 | $ 230,000 | $ 230,000 | $ 84,000 |
| Pasco, Florida | 1 | $ 175,000 | $ 175,000 | $ 75,000 |
| Crawford, Indiana | 1 | $ 51,000 | $ 51,000 | $ 39,000 |
| Harrison, Indiana | 1 | $ 57,000 | $ 57,000 | $ 0 |
| Jefferson, Indiana | 1 | $ 240,000 | $ 240,000 | $ 80,000 |
| Ripley, Indiana | 1 | $ 105,000 | $ 105,000 | $ 58,000 |
| Adair, Kentucky | 1 | $ 75,000 | $ 75,000 | $ 18,000 |
| Anderson, Kentucky | 1 | $ 55,000 | $ 55,000 | $ 161,000 |
| Boyle, Kentucky | 1 | $ 210,000 | $ 210,000 | $ 93,000 |
| Fayette, Kentucky | 1 | $ 70,000 | $ 70,000 | $ 181,000 |
| Franklin, Kentucky | 1 | $ 51,000 | $ 51,000 | $ 41,000 |
| Gallatin, Kentucky | 1 | $ 200,000 | $ 200,000 | $ 127,000 |
| Garrard, Kentucky | 1 | $ 150,000 | $ 150,000 | $ 48,000 |
| Hardin, Kentucky | 1 | $ 240,000 | $ 240,000 | $ 53,000 |
| Harlan, Kentucky | 1 | $ 60,000 | $ 60,000 | $ 59,000 |
| Hart, Kentucky | 1 | $ 38,000 | $ 38,000 | $ 70,000 |
| Jackson, Kentucky | 1 | $ 80,000 | $ 80,000 | $ 77,000 |
| Jessamine, Kentucky | 1 | $ 60,000 | $ 60,000 | $ 69,000 |
| Montgomery, Kentucky | 1 | $ 132,000 | $ 132,000 | $ 79,000 |
| Perry, Kentucky | 1 | $ 58,000 | $ 58,000 | $ 64,000 |
| Pike, Kentucky | 1 | $ 109,000 | $ 109,000 | $ 71,000 |
| Trimble, Kentucky | 1 | $ 120,000 | $ 120,000 | $ 70,000 |
| Clermont, Ohio | 1 | $ 230,000 | $ 230,000 | $ 60,000 |
| Franklin, Ohio | 1 | $ 75,000 | $ 75,000 | $ 42,000 |
| Hamilton, Ohio | 1 | $ 103,000 | $ 103,000 | $ 37,000 |
| Summit, Ohio | 1 | $ 120,000 | $ 120,000 | $ 37,000 |
| Claiborne, Tennessee | 1 | $ 110,000 | $ 110,000 | $ 82,000 |
| Knox, Tennessee | 1 | $ 252,000 | $ 252,000 | $ 83,000 |
| Rutherford, Tennessee | 1 | $ 194,000 | $ 194,000 | $ 53,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2007
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 | $45,530,000 | $112,000 | $558,000 | $62,000 | $250,000 |
| Home Purchase | 379 | $42,597,000 | $112,000 | $417,000 | $57,000 | $205,000 |
| Home Improvement | 26 | $2,521,000 | $96,000 | $378,000 | $59,000 | $152,000 |
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 | 732 | $81,894,000 | $111,000 | $480,000 | $60,000 | $250,000 |
| Black or African American | 61 | $6,668,000 | $109,000 | $558,000 | $52,000 | $227,000 |
| Hispanic | 13 | $1,531,000 | $117,000 | $258,000 | $56,000 | $108,000 |
| Not Provided | 2 | $250,000 | $125,000 | $150,000 | $69,000 | $88,000 |
| Asian | 1 | $189,000 | $189,000 | $189,000 | $75,000 | $75,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $116,000 | $116,000 | $116,000 | $149,000 | $149,000 |
| 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) | 810 | $90,648,000 | $111,000 | $558,000 | $60,000 | $250,000 |
| 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 | 463 | $51,307,000 | $110,000 | $378,000 | $64,000 | $250,000 |
| Application Denied By Financial Institution | 228 | $23,704,000 | $103,000 | $558,000 | $52,000 | $239,000 |
| Application Withdrawn By Applicant | 45 | $5,454,000 | $121,000 | $480,000 | $57,000 | $172,000 |
| Preapproval Approved but not Accepted | 41 | $5,861,000 | $142,000 | $417,000 | $65,000 | $155,000 |
| File Closed For Incompleteness | 27 | $3,567,000 | $132,000 | $328,000 | $48,000 | $109,000 |
| Application Approved But Not Accepted | 6 | $755,000 | $125,000 | $258,000 | $62,000 | $108,000 |
| Preapproval Denied by Financial Institution | 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 | 95 | $9,816,000 | $103,000 | $295,000 | $58,000 | $136,000 |
| Debt-To-Income Ratio | 88 | $9,181,000 | $104,000 | $302,000 | $41,000 | $135,000 |
| Collateral | 19 | $1,540,000 | $81,000 | $225,000 | $54,000 | $141,000 |
| Employment History | 6 | $659,000 | $109,000 | $160,000 | $34,000 | $57,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $452,000 | $75,000 | $114,000 | $44,000 | $58,000 |
| Other | 1 | $558,000 | $558,000 | $558,000 | $227,000 | $227,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2007 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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