L&N Federal Credit Union Mortgage Lending & HMDA Data, 2008
In 2008, L&N Federal Credit Union of Louisville, KY reported 811 mortgage applications totaling $92.7 million, about the same as 2007. The average application was for $114,255, and applicants reported an average income of $61,675. 55% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Louisville-Jefferson County, KY-IN (275), Cincinnati-Middletown, OH-KY-IN (40) and Lexington-Fayette, KY (2) (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 | 811 |
| Total Mortgage Loan Application Amount | $92,661,000 |
| Average Mortgage Loan Application Amount | $114,255 |
| Highest Mortgage Loan Application Amount | $648,000 |
| Average Applicant Income | $61,675 |
| 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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 249 | $ 30,006,000 | $ 120,506 | $ 66,000 |
| Laurel, Kentucky | 82 | $ 8,641,000 | $ 105,378 | $ 62,000 |
| Whitley, Kentucky | 67 | $ 5,878,000 | $ 87,731 | $ 57,000 |
| Knox, Kentucky | 42 | $ 3,867,000 | $ 92,071 | $ 50,000 |
| Pulaski, Kentucky | 24 | $ 2,448,000 | $ 102,000 | $ 52,000 |
| Bullitt, Kentucky | 21 | $ 2,840,000 | $ 135,238 | $ 69,000 |
| Kenton, Kentucky | 17 | $ 1,891,000 | $ 111,235 | $ 61,000 |
| Boone, Kentucky | 15 | $ 1,882,000 | $ 125,466 | $ 83,000 |
| Clark, Indiana | 14 | $ 1,413,000 | $ 100,928 | $ 56,000 |
| Oldham, Kentucky | 13 | $ 2,056,000 | $ 158,153 | $ 90,000 |
| McCreary, Kentucky | 8 | $ 904,000 | $ 113,000 | $ 52,000 |
| Clay, Kentucky | 7 | $ 585,000 | $ 83,571 | $ 50,000 |
| Floyd, Indiana | 6 | $ 632,000 | $ 105,333 | $ 74,000 |
| Fayette, Kentucky | 5 | $ 557,000 | $ 111,400 | $ 63,000 |
| Spencer, Kentucky | 5 | $ 679,000 | $ 135,800 | $ 67,000 |
| Rockcastle, Kentucky | 4 | $ 385,000 | $ 96,250 | $ 61,000 |
| Harrison, Indiana | 3 | $ 525,000 | $ 175,000 | $ 75,000 |
| Bell, Kentucky | 3 | $ 156,000 | $ 52,000 | $ 48,000 |
| Gallatin, Kentucky | 3 | $ 246,000 | $ 82,000 | $ 50,000 |
| Marion, Kentucky | 3 | $ 476,000 | $ 158,666 | $ 74,000 |
| Meade, Kentucky | 3 | $ 234,000 | $ 78,000 | $ 32,000 |
| Shelby, Kentucky | 3 | $ 757,000 | $ 252,333 | $ 68,000 |
| Campbell, Tennessee | 3 | $ 286,000 | $ 95,333 | $ 39,000 |
| Washington, Indiana | 2 | $ 334,000 | $ 167,000 | $ 104,000 |
| Boyle, Kentucky | 2 | $ 410,000 | $ 205,000 | $ 37,000 |
| Breckinridge, Kentucky | 2 | $ 140,000 | $ 70,000 | $ 45,000 |
| Campbell, Kentucky | 2 | $ 144,000 | $ 72,000 | $ 58,000 |
| Jackson, Kentucky | 2 | $ 187,000 | $ 93,500 | $ 72,000 |
| Perry, Kentucky | 2 | $ 198,000 | $ 99,000 | $ 65,000 |
| Russell, Kentucky | 2 | $ 221,000 | $ 110,500 | $ 34,000 |
| Wayne, Kentucky | 2 | $ 152,000 | $ 76,000 | $ 114,000 |
| Claiborne, Tennessee | 2 | $ 229,000 | $ 114,500 | $ 44,000 |
| Crawford, Indiana | 1 | $ 92,000 | $ 92,000 | $ 114,000 |
| Orange, Indiana | 1 | $ 100,000 | $ 100,000 | $ 42,000 |
| Ripley, Indiana | 1 | $ 70,000 | $ 70,000 | $ 109,000 |
| Scott, Indiana | 1 | $ 103,000 | $ 103,000 | $ 47,000 |
| Bourbon, Kentucky | 1 | $ 132,000 | $ 132,000 | $ 83,000 |
| Clinton, Kentucky | 1 | $ 83,000 | $ 83,000 | $ 49,000 |
| Cumberland, Kentucky | 1 | $ 129,000 | $ 129,000 | $ 102,000 |
| Edmonson, Kentucky | 1 | $ 170,000 | $ 170,000 | $ 44,000 |
| Grant, Kentucky | 1 | $ 131,000 | $ 131,000 | $ 52,000 |
| Grayson, Kentucky | 1 | $ 76,000 | $ 76,000 | $ 68,000 |
| Hardin, Kentucky | 1 | $ 146,000 | $ 146,000 | $ 67,000 |
| Hart, Kentucky | 1 | $ 40,000 | $ 40,000 | $ 86,000 |
| Hopkins, Kentucky | 1 | $ 98,000 | $ 98,000 | $ 123,000 |
| Larue, Kentucky | 1 | $ 228,000 | $ 228,000 | $ 69,000 |
| Letcher, Kentucky | 1 | $ 59,000 | $ 59,000 | $ 50,000 |
| Montgomery, Kentucky | 1 | $ 114,000 | $ 114,000 | $ 87,000 |
| Nelson, Kentucky | 1 | $ 75,000 | $ 75,000 | $ 26,000 |
| Pendleton, Kentucky | 1 | $ 70,000 | $ 70,000 | $ 60,000 |
| Clermont, Ohio | 1 | $ 292,000 | $ 292,000 | $ 104,000 |
| Hamilton, Ohio | 1 | $ 124,000 | $ 124,000 | $ 66,000 |
| Medina, Ohio | 1 | $ 192,000 | $ 192,000 | $ 100,000 |
| Muskingum, Ohio | 1 | $ 40,000 | $ 40,000 | $ 54,000 |
| Blount, Tennessee | 1 | $ 176,000 | $ 176,000 | $ 111,000 |
| Rutherford, Tennessee | 1 | $ 92,000 | $ 92,000 | $ 90,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2008
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 | 433 | $49,266,000 | $113,000 | $375,000 | $63,000 | $360,000 |
| Home Purchase | 366 | $42,261,000 | $115,000 | $648,000 | $60,000 | $278,000 |
| Home Improvement | 12 | $1,134,000 | $94,000 | $207,000 | $65,000 | $129,000 |
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 | 740 | $83,944,000 | $113,000 | $648,000 | $62,000 | $360,000 |
| Black or African American | 54 | $6,363,000 | $117,000 | $420,000 | $59,000 | $233,000 |
| Hispanic | 8 | $913,000 | $114,000 | $214,000 | $65,000 | $109,000 |
| Asian | 4 | $716,000 | $179,000 | $236,000 | $78,000 | $201,000 |
| American Indian or Alaskan Native | 2 | $200,000 | $100,000 | $100,000 | $51,000 | $54,000 |
| Not Provided | 2 | $328,000 | $164,000 | $192,000 | $64,000 | $81,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $197,000 | $197,000 | $197,000 | $102,000 | $102,000 |
| 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) | 811 | $92,661,000 | $114,000 | $648,000 | $62,000 | $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 | 450 | $50,461,000 | $112,000 | $476,000 | $65,000 | $278,000 |
| Application Denied By Financial Institution | 192 | $21,433,000 | $111,000 | $565,000 | $50,000 | $360,000 |
| Application Withdrawn By Applicant | 86 | $11,306,000 | $131,000 | $648,000 | $65,000 | $278,000 |
| File Closed For Incompleteness | 49 | $5,353,000 | $109,000 | $355,000 | $77,000 | $360,000 |
| Preapproval Approved but not Accepted | 21 | $2,402,000 | $114,000 | $180,000 | $55,000 | $127,000 |
| Application Approved But Not Accepted | 13 | $1,706,000 | $131,000 | $325,000 | $70,000 | $176,000 |
| 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 | 78 | $8,671,000 | $111,000 | $274,000 | $52,000 | $136,000 |
| Debt-To-Income Ratio | 73 | $8,883,000 | $121,000 | $565,000 | $42,000 | $108,000 |
| Collateral | 14 | $1,017,000 | $72,000 | $184,000 | $97,000 | $360,000 |
| Employment History | 9 | $796,000 | $88,000 | $140,000 | $37,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $771,000 | $128,000 | $233,000 | $58,000 | $94,000 |
| Other | 4 | $389,000 | $97,000 | $199,000 | $42,000 | $69,000 |
| Mortgage Insurance Denied | 2 | $195,000 | $97,000 | $124,000 | $49,000 | $53,000 |
| Unverifiable Information | 1 | $182,000 | $182,000 | $182,000 | $74,000 | $74,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into L&N Federal Credit Union's 2008 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About