L&N Federal Credit Union Mortgage Lending & HMDA Data, 2009
In 2009, L&N Federal Credit Union of Louisville, KY reported 1,374 mortgage applications totaling $156.3 million, up 69% from 2008. The average application was for $113,748, and applicants reported an average income of $65,954. 65% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Louisville-Jefferson County, KY-IN (653), Cincinnati-Middletown, OH-KY-IN (62) and Elizabethtown, 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 | 1,374 |
| Total Mortgage Loan Application Amount | $156,290,000 |
| Average Mortgage Loan Application Amount | $113,748 |
| Highest Mortgage Loan Application Amount | $671,000 |
| Average Applicant Income | $65,954 |
| Highest Applicant Income | $740,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 491 | $ 55,852,000 | $ 113,751 | $ 66,000 |
| Laurel, Kentucky | 179 | $ 18,754,000 | $ 104,770 | $ 66,000 |
| Whitley, Kentucky | 85 | $ 8,776,000 | $ 103,247 | $ 60,000 |
| Knox, Kentucky | 56 | $ 5,656,000 | $ 101,000 | $ 55,000 |
| Pulaski, Kentucky | 53 | $ 5,230,000 | $ 98,679 | $ 60,000 |
| Bullitt, Kentucky | 42 | $ 5,736,000 | $ 136,571 | $ 68,000 |
| Clark, Indiana | 40 | $ 4,270,000 | $ 106,750 | $ 64,000 |
| Oldham, Kentucky | 39 | $ 7,066,000 | $ 181,179 | $ 99,000 |
| Kenton, Kentucky | 32 | $ 4,037,000 | $ 126,156 | $ 82,000 |
| Floyd, Indiana | 26 | $ 3,789,000 | $ 145,730 | $ 92,000 |
| Boone, Kentucky | 19 | $ 2,592,000 | $ 136,421 | $ 75,000 |
| Nelson, Kentucky | 15 | $ 1,695,000 | $ 113,000 | $ 77,000 |
| Spencer, Kentucky | 12 | $ 2,030,000 | $ 169,166 | $ 80,000 |
| Shelby, Kentucky | 9 | $ 1,562,000 | $ 173,555 | $ 79,000 |
| Clay, Kentucky | 7 | $ 474,000 | $ 67,714 | $ 49,000 |
| McCreary, Kentucky | 7 | $ 887,000 | $ 126,714 | $ 69,000 |
| Harrison, Indiana | 6 | $ 753,000 | $ 125,500 | $ 65,000 |
| Grayson, Kentucky | 6 | $ 545,000 | $ 90,833 | $ 100,000 |
| Campbell, Kentucky | 5 | $ 383,000 | $ 76,600 | $ 73,000 |
| Madison, Kentucky | 5 | $ 531,000 | $ 106,200 | $ 64,000 |
| Meade, Kentucky | 5 | $ 316,000 | $ 63,200 | $ 46,000 |
| Bell, Kentucky | 4 | $ 149,000 | $ 37,250 | $ 47,000 |
| Breckinridge, Kentucky | 4 | $ 340,000 | $ 85,000 | $ 91,000 |
| Gallatin, Kentucky | 4 | $ 528,000 | $ 132,000 | $ 80,000 |
| Grant, Kentucky | 4 | $ 423,000 | $ 105,750 | $ 77,000 |
| Jackson, Kentucky | 4 | $ 543,000 | $ 135,750 | $ 87,000 |
| Lincoln, Kentucky | 4 | $ 292,000 | $ 73,000 | $ 62,000 |
| Hamilton, Ohio | 4 | $ 326,000 | $ 81,500 | $ 33,000 |
| Washington, Indiana | 3 | $ 133,000 | $ 44,333 | $ 30,000 |
| Fayette, Kentucky | 3 | $ 309,000 | $ 103,000 | $ 52,000 |
| Hardin, Kentucky | 3 | $ 436,000 | $ 145,333 | $ 94,000 |
| Harlan, Kentucky | 3 | $ 249,000 | $ 83,000 | $ 84,000 |
| Russell, Kentucky | 3 | $ 197,000 | $ 65,666 | $ 83,000 |
| Wayne, Kentucky | 3 | $ 221,000 | $ 73,666 | $ 61,000 |
| Adair, Kentucky | 2 | $ 114,000 | $ 57,000 | $ 55,000 |
| Floyd, Kentucky | 2 | $ 271,000 | $ 135,500 | $ 103,000 |
| Letcher, Kentucky | 2 | $ 118,000 | $ 59,000 | $ 82,000 |
| Trimble, Kentucky | 2 | $ 194,000 | $ 97,000 | $ 105,000 |
| Clermont, Ohio | 2 | $ 244,000 | $ 122,000 | $ 94,000 |
| Campbell, Tennessee | 2 | $ 244,000 | $ 122,000 | $ 72,000 |
| Bay, Florida | 1 | $ 87,000 | $ 87,000 | $ 78,000 |
| Okaloosa, Florida | 1 | $ 130,000 | $ 130,000 | $ 43,000 |
| Pasco, Florida | 1 | $ 74,000 | $ 74,000 | $ 47,000 |
| Dubois, Indiana | 1 | $ 28,000 | $ 28,000 | $ 40,000 |
| Howard, Indiana | 1 | $ 243,000 | $ 243,000 | $ 144,000 |
| Posey, Indiana | 1 | $ 84,000 | $ 84,000 | $ 77,000 |
| Vanderburgh, Indiana | 1 | $ 72,000 | $ 72,000 | $ 50,000 |
| Anderson, Kentucky | 1 | $ 24,000 | $ 24,000 | $ 87,000 |
| Barren, Kentucky | 1 | $ 63,000 | $ 63,000 | $ 52,000 |
| Bourbon, Kentucky | 1 | $ 116,000 | $ 116,000 | $ 31,000 |
| Carroll, Kentucky | 1 | $ 128,000 | $ 128,000 | $ 159,000 |
| Clark, Kentucky | 1 | $ 107,000 | $ 107,000 | $ 76,000 |
| Edmonson, Kentucky | 1 | $ 142,000 | $ 142,000 | $ 183,000 |
| Franklin, Kentucky | 1 | $ 77,000 | $ 77,000 | $ 37,000 |
| Henry, Kentucky | 1 | $ 170,000 | $ 170,000 | $ 125,000 |
| Montgomery, Kentucky | 1 | $ 130,000 | $ 130,000 | $ 100,000 |
| Pike, Kentucky | 1 | $ 27,000 | $ 27,000 | $ 124,000 |
| Scott, Kentucky | 1 | $ 235,000 | $ 235,000 | $ 165,000 |
| Butler, Ohio | 1 | $ 87,000 | $ 87,000 | $ 90,000 |
| Warren, Ohio | 1 | $ 132,000 | $ 132,000 | $ 75,000 |
| Knox, Tennessee | 1 | $ 160,000 | $ 160,000 | $ 50,000 |
| Montgomery, Tennessee | 1 | $ 107,000 | $ 107,000 | $ 39,000 |
| Rutherford, Tennessee | 1 | $ 193,000 | $ 193,000 | $ 56,000 |
| Sevier, Tennessee | 1 | $ 152,000 | $ 152,000 | $ 95,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2009
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 | 960 | $111,207,000 | $115,000 | $671,000 | $70,000 | $596,000 |
| Home Purchase | 400 | $43,609,000 | $109,000 | $620,000 | $56,000 | $740,000 |
| Home Improvement | 14 | $1,474,000 | $105,000 | $242,000 | $73,000 | $211,000 |
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 | 1,276 | $144,046,000 | $112,000 | $620,000 | $66,000 | $740,000 |
| Black or African American | 62 | $7,372,000 | $118,000 | $417,000 | $59,000 | $248,000 |
| Asian | 17 | $2,859,000 | $168,000 | $671,000 | $89,000 | $474,000 |
| Hispanic | 14 | $1,400,000 | $100,000 | $218,000 | $61,000 | $144,000 |
| American Indian or Alaskan Native | 3 | $323,000 | $107,000 | $162,000 | $50,000 | $55,000 |
| Not Provided | 1 | $79,000 | $79,000 | $79,000 | $47,000 | $47,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $211,000 | $211,000 | $211,000 | $97,000 | $97,000 |
| 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) | 1,374 | $156,290,000 | $113,000 | $671,000 | $66,000 | $740,000 |
| 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 | 895 | $102,625,000 | $114,000 | $671,000 | $72,000 | $740,000 |
| Application Denied By Financial Institution | 221 | $22,488,000 | $101,000 | $417,000 | $49,000 | $164,000 |
| Application Withdrawn By Applicant | 175 | $21,930,000 | $125,000 | $620,000 | $64,000 | $295,000 |
| File Closed For Incompleteness | 55 | $6,101,000 | $110,000 | $230,000 | $51,000 | $144,000 |
| Application Approved But Not Accepted | 21 | $2,368,000 | $112,000 | $216,000 | $55,000 | $131,000 |
| Preapproval Approved but not Accepted | 7 | $778,000 | $111,000 | $150,000 | $56,000 | $89,000 |
| 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 | 86 | $8,398,000 | $97,000 | $375,000 | $47,000 | $164,000 |
| Debt-To-Income Ratio | 80 | $9,192,000 | $114,000 | $417,000 | $50,000 | $145,000 |
| Collateral | 18 | $1,483,000 | $82,000 | $349,000 | $54,000 | $149,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $825,000 | $82,000 | $150,000 | $43,000 | $85,000 |
| Employment History | 8 | $742,000 | $92,000 | $149,000 | $41,000 | $64,000 |
| Other | 4 | $418,000 | $104,000 | $233,000 | $41,000 | $83,000 |
| Mortgage Insurance Denied | 2 | $263,000 | $131,000 | $132,000 | $46,000 | $53,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into L&N Federal Credit Union's 2009 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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