L&N Federal Credit Union Mortgage Lending & HMDA Data, 2013
In 2013, L&N Federal Credit Union of Louisville, KY reported 1,225 mortgage applications totaling $132.7 million, down 21% from 2012. The average application was for $108,353, and applicants reported an average income of $68,664. 61% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (519), Cincinnati-Middletown, OH-KY-IN (75) and Lexington-Fayette, KY (4) (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 | 1,225 |
| Total Mortgage Loan Application Amount | $132,733,000 |
| Average Mortgage Loan Application Amount | $108,353 |
| Highest Mortgage Loan Application Amount | $760,000 |
| Average Applicant Income | $68,664 |
| Highest Applicant Income | $1,310,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 421 | $ 47,704,000 | $ 113,311 | $ 72,000 |
| Laurel, Kentucky | 134 | $ 11,557,000 | $ 86,246 | $ 65,000 |
| Whitley, Kentucky | 69 | $ 5,632,000 | $ 81,623 | $ 64,000 |
| Bullitt, Kentucky | 54 | $ 6,417,000 | $ 118,833 | $ 68,000 |
| Pulaski, Kentucky | 46 | $ 4,353,000 | $ 94,630 | $ 60,000 |
| Knox, Kentucky | 41 | $ 3,783,000 | $ 92,268 | $ 69,000 |
| Kenton, Kentucky | 39 | $ 3,525,000 | $ 90,384 | $ 57,000 |
| Clark, Indiana | 25 | $ 2,304,000 | $ 92,160 | $ 64,000 |
| Boone, Kentucky | 22 | $ 2,334,000 | $ 106,090 | $ 70,000 |
| Oldham, Kentucky | 22 | $ 4,769,000 | $ 216,772 | $ 114,000 |
| Floyd, Indiana | 12 | $ 1,109,000 | $ 92,416 | $ 60,000 |
| Harrison, Indiana | 6 | $ 809,000 | $ 134,833 | $ 100,000 |
| Clay, Kentucky | 6 | $ 554,000 | $ 92,333 | $ 72,000 |
| McCreary, Kentucky | 6 | $ 514,000 | $ 85,666 | $ 59,000 |
| Wayne, Kentucky | 6 | $ 349,000 | $ 58,166 | $ 54,000 |
| Campbell, Kentucky | 5 | $ 460,000 | $ 92,000 | $ 49,000 |
| Spencer, Kentucky | 5 | $ 608,000 | $ 121,600 | $ 76,000 |
| Meade, Kentucky | 4 | $ 316,000 | $ 79,000 | $ 68,000 |
| Nelson, Kentucky | 4 | $ 469,000 | $ 117,250 | $ 74,000 |
| Pendleton, Kentucky | 4 | $ 558,000 | $ 139,500 | $ 92,000 |
| Scott, Tennessee | 4 | $ 518,000 | $ 129,500 | $ 95,000 |
| Bell, Kentucky | 3 | $ 231,000 | $ 77,000 | $ 55,000 |
| Fayette, Kentucky | 3 | $ 500,000 | $ 166,666 | $ 242,000 |
| Grant, Kentucky | 3 | $ 269,000 | $ 89,666 | $ 63,000 |
| Hardin, Kentucky | 3 | $ 200,000 | $ 66,666 | $ 121,000 |
| Marion, Kentucky | 3 | $ 568,000 | $ 189,333 | $ 113,000 |
| Russell, Kentucky | 3 | $ 220,000 | $ 73,333 | $ 55,000 |
| Shelby, Kentucky | 3 | $ 247,000 | $ 82,333 | $ 56,000 |
| Campbell, Tennessee | 3 | $ 320,000 | $ 106,666 | $ 104,000 |
| Lake, Florida | 2 | $ 240,000 | $ 120,000 | $ 95,000 |
| Breckinridge, Kentucky | 2 | $ 80,000 | $ 40,000 | $ 93,000 |
| Grayson, Kentucky | 2 | $ 187,000 | $ 93,500 | $ 47,000 |
| Jackson, Kentucky | 2 | $ 130,000 | $ 65,000 | $ 71,000 |
| Madison, Kentucky | 2 | $ 200,000 | $ 100,000 | $ 63,000 |
| Perry, Kentucky | 2 | $ 165,000 | $ 82,500 | $ 87,000 |
| Columbiana, Ohio | 2 | $ 23,000 | $ 11,500 | $ 13,000 |
| Brevard, Florida | 1 | $ 43,000 | $ 43,000 | $ 92,000 |
| Charlotte, Florida | 1 | $ 33,000 | $ 33,000 | $ 16,000 |
| DeSoto, Florida | 1 | $ 36,000 | $ 36,000 | $ 16,000 |
| Manatee, Florida | 1 | $ 86,000 | $ 86,000 | $ 70,000 |
| Okaloosa, Florida | 1 | $ 172,000 | $ 172,000 | $ 122,000 |
| Bartholomew, Indiana | 1 | $ 150,000 | $ 150,000 | $ 130,000 |
| Dearborn, Indiana | 1 | $ 146,000 | $ 146,000 | $ 80,000 |
| Washington, Indiana | 1 | $ 125,000 | $ 125,000 | $ 102,000 |
| Bracken, Kentucky | 1 | $ 24,000 | $ 24,000 | $ 50,000 |
| Carroll, Kentucky | 1 | $ 121,000 | $ 121,000 | $ 175,000 |
| Gallatin, Kentucky | 1 | $ 80,000 | $ 80,000 | $ 130,000 |
| Green, Kentucky | 1 | $ 61,000 | $ 61,000 | $ 12,000 |
| Harlan, Kentucky | 1 | $ 52,000 | $ 52,000 | $ 54,000 |
| Hart, Kentucky | 1 | $ 89,000 | $ 89,000 | $ 141,000 |
| Hopkins, Kentucky | 1 | $ 91,000 | $ 91,000 | $ 130,000 |
| Jessamine, Kentucky | 1 | $ 178,000 | $ 178,000 | $ 116,000 |
| Lincoln, Kentucky | 1 | $ 90,000 | $ 90,000 | $ 72,000 |
| Mercer, Kentucky | 1 | $ 85,000 | $ 85,000 | $ 105,000 |
| Montgomery, Kentucky | 1 | $ 109,000 | $ 109,000 | $ 99,000 |
| Owen, Kentucky | 1 | $ 173,000 | $ 173,000 | $ 56,000 |
| Pike, Kentucky | 1 | $ 288,000 | $ 288,000 | $ 101,000 |
| Taylor, Kentucky | 1 | $ 98,000 | $ 98,000 | $ 80,000 |
| Warren, Kentucky | 1 | $ 201,000 | $ 201,000 | $ 127,000 |
| Butler, Ohio | 1 | $ 46,000 | $ 46,000 | $ 45,000 |
| Clermont, Ohio | 1 | $ 100,000 | $ 100,000 | $ 43,000 |
| Hamilton, Ohio | 1 | $ 40,000 | $ 40,000 | $ 13,000 |
| Warren, Ohio | 1 | $ 167,000 | $ 167,000 | $ 418,000 |
| Claiborne, Tennessee | 1 | $ 65,000 | $ 65,000 | $ 52,000 |
| Grainger, Tennessee | 1 | $ 120,000 | $ 120,000 | $ 117,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2013
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 | 703 | $72,023,000 | $102,000 | $724,000 | $69,000 | $418,000 |
| Home Purchase | 485 | $57,581,000 | $118,000 | $760,000 | $68,000 | $1,310,000 |
| Home Improvement | 37 | $3,129,000 | $84,000 | $300,000 | $71,000 | $393,000 |
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 | 1,096 | $118,875,000 | $108,000 | $724,000 | $69,000 | $1,310,000 |
| Black or African American | 90 | $7,985,000 | $88,000 | $404,000 | $55,000 | $371,000 |
| Asian | 17 | $2,952,000 | $173,000 | $760,000 | $103,000 | $362,000 |
| Hispanic | 9 | $1,096,000 | $121,000 | $192,000 | $45,000 | $65,000 |
| American Indian or Alaskan Native | 8 | $1,359,000 | $169,000 | $400,000 | $81,000 | $235,000 |
| Not Provided | 3 | $165,000 | $55,000 | $82,000 | $55,000 | $67,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $150,000 | $150,000 | $150,000 | $65,000 | $65,000 |
| Not applicable | 1 | $151,000 | $151,000 | $151,000 | $83,000 | $83,000 |
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) | 1,225 | $132,733,000 | $108,000 | $760,000 | $68,000 | $1,310,000 |
| 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 | 750 | $77,865,000 | $103,000 | $724,000 | $73,000 | $1,310,000 |
| Application Withdrawn By Applicant | 251 | $29,015,000 | $115,000 | $350,000 | $65,000 | $218,000 |
| Application Denied By Financial Institution | 223 | $25,592,000 | $114,000 | $760,000 | $57,000 | $371,000 |
| File Closed For Incompleteness | 1 | $261,000 | $261,000 | $261,000 | $108,000 | $108,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 93 | $10,653,000 | $114,000 | $404,000 | $46,000 | $108,000 |
| Credit History | 81 | $8,976,000 | $110,000 | $398,000 | $63,000 | $371,000 |
| Collateral | 15 | $1,354,000 | $90,000 | $267,000 | $57,000 | $121,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $625,000 | $89,000 | $164,000 | $52,000 | $126,000 |
| Mortgage Insurance Denied | 7 | $1,455,000 | $207,000 | $400,000 | $91,000 | $235,000 |
| Employment History | 6 | $479,000 | $79,000 | $131,000 | $47,000 | $86,000 |
| Other | 5 | $410,000 | $82,000 | $147,000 | $60,000 | $105,000 |
| Unverifiable Information | 3 | $192,000 | $64,000 | $88,000 | $32,000 | $64,000 |
| Credit Application Incomplete | 1 | $180,000 | $180,000 | $180,000 | $135,000 | $135,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into L&N Federal Credit Union's 2013 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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