L&N Federal Credit Union Mortgage Lending & HMDA Data, 2014
In 2014, L&N Federal Credit Union of Louisville, KY reported 1,313 mortgage applications totaling $171.7 million, up 7% from 2013. The average application was for $130,793, and applicants reported an average income of $71,443. 55% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (538), Cincinnati, OH-KY-IN (100) and Elizabethtown-Fort Knox, 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 | 1,313 |
| Total Mortgage Loan Application Amount | $171,732,000 |
| Average Mortgage Loan Application Amount | $130,793 |
| Highest Mortgage Loan Application Amount | $1,400,000 |
| Average Applicant Income | $71,443 |
| Highest Applicant Income | $1,140,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 391 | $ 52,182,000 | $ 133,457 | $ 72,000 |
| Laurel, Kentucky | 99 | $ 10,999,000 | $ 111,101 | $ 71,000 |
| Bullitt, Kentucky | 64 | $ 9,374,000 | $ 146,468 | $ 69,000 |
| Whitley, Kentucky | 63 | $ 6,015,000 | $ 95,476 | $ 62,000 |
| Kenton, Kentucky | 38 | $ 5,640,000 | $ 148,421 | $ 73,000 |
| Knox, Kentucky | 35 | $ 3,809,000 | $ 108,828 | $ 58,000 |
| Pulaski, Kentucky | 34 | $ 4,311,000 | $ 126,794 | $ 78,000 |
| Boone, Kentucky | 33 | $ 5,133,000 | $ 155,545 | $ 85,000 |
| Oldham, Kentucky | 26 | $ 6,217,000 | $ 239,115 | $ 108,000 |
| Clark, Indiana | 20 | $ 2,814,000 | $ 140,700 | $ 73,000 |
| Floyd, Indiana | 13 | $ 1,723,000 | $ 132,538 | $ 95,000 |
| Campbell, Kentucky | 10 | $ 1,200,000 | $ 120,000 | $ 75,000 |
| Grant, Kentucky | 10 | $ 1,037,000 | $ 103,700 | $ 69,000 |
| Shelby, Kentucky | 10 | $ 1,431,000 | $ 143,100 | $ 57,000 |
| McCreary, Kentucky | 7 | $ 646,000 | $ 92,285 | $ 69,000 |
| Nelson, Kentucky | 6 | $ 947,000 | $ 157,833 | $ 73,000 |
| Spencer, Kentucky | 6 | $ 741,000 | $ 123,500 | $ 85,000 |
| Clay, Kentucky | 5 | $ 382,000 | $ 76,400 | $ 58,000 |
| Meade, Kentucky | 4 | $ 396,000 | $ 99,000 | $ 87,000 |
| Clermont, Ohio | 4 | $ 609,000 | $ 152,250 | $ 59,000 |
| Harrison, Indiana | 3 | $ 323,000 | $ 107,666 | $ 190,000 |
| Grayson, Kentucky | 3 | $ 273,000 | $ 91,000 | $ 169,000 |
| Harlan, Kentucky | 3 | $ 264,000 | $ 88,000 | $ 60,000 |
| Harrison, Kentucky | 3 | $ 269,000 | $ 89,666 | $ 53,000 |
| Russell, Kentucky | 3 | $ 345,000 | $ 115,000 | $ 74,000 |
| Ohio, Indiana | 2 | $ 218,000 | $ 109,000 | $ 68,000 |
| Breckinridge, Kentucky | 2 | $ 196,000 | $ 98,000 | $ 50,000 |
| Fayette, Kentucky | 2 | $ 317,000 | $ 158,500 | $ 72,000 |
| Franklin, Kentucky | 2 | $ 168,000 | $ 84,000 | $ 89,000 |
| Henry, Kentucky | 2 | $ 364,000 | $ 182,000 | $ 63,000 |
| Owen, Kentucky | 2 | $ 219,000 | $ 109,500 | $ 48,000 |
| Powell, Kentucky | 2 | $ 91,000 | $ 45,500 | $ 79,000 |
| Scott, Tennessee | 2 | $ 386,000 | $ 193,000 | $ 109,000 |
| Charlotte, Florida | 1 | $ 77,000 | $ 77,000 | $ 38,000 |
| Collier, Florida | 1 | $ 247,000 | $ 247,000 | $ 281,000 |
| Hillsborough, Florida | 1 | $ 55,000 | $ 55,000 | $ 46,000 |
| St. Lucie, Florida | 1 | $ 102,000 | $ 102,000 | $ 75,000 |
| Scott, Indiana | 1 | $ 162,000 | $ 162,000 | $ 47,000 |
| Washington, Indiana | 1 | $ 111,000 | $ 111,000 | $ 54,000 |
| Anderson, Kentucky | 1 | $ 259,000 | $ 259,000 | $ 86,000 |
| Barren, Kentucky | 1 | $ 98,000 | $ 98,000 | $ 63,000 |
| Bell, Kentucky | 1 | $ 47,000 | $ 47,000 | $ 12,000 |
| Boyd, Kentucky | 1 | $ 33,000 | $ 33,000 | $ 221,000 |
| Boyle, Kentucky | 1 | $ 248,000 | $ 248,000 | $ 141,000 |
| Casey, Kentucky | 1 | $ 328,000 | $ 328,000 | $ 141,000 |
| Cumberland, Kentucky | 1 | $ 101,000 | $ 101,000 | $ 198,000 |
| Edmonson, Kentucky | 1 | $ 39,000 | $ 39,000 | $ 90,000 |
| Floyd, Kentucky | 1 | $ 204,000 | $ 204,000 | $ 112,000 |
| Gallatin, Kentucky | 1 | $ 87,000 | $ 87,000 | $ 80,000 |
| Jackson, Kentucky | 1 | $ 135,000 | $ 135,000 | $ 93,000 |
| Madison, Kentucky | 1 | $ 149,000 | $ 149,000 | $ 98,000 |
| Mercer, Kentucky | 1 | $ 90,000 | $ 90,000 | $ 151,000 |
| Ohio, Kentucky | 1 | $ 38,000 | $ 38,000 | $ 9,000 |
| Pendleton, Kentucky | 1 | $ 124,000 | $ 124,000 | $ 54,000 |
| Perry, Kentucky | 1 | $ 150,000 | $ 150,000 | $ 68,000 |
| Rockcastle, Kentucky | 1 | $ 150,000 | $ 150,000 | $ 48,000 |
| Scott, Kentucky | 1 | $ 69,000 | $ 69,000 | $ 38,000 |
| Trimble, Kentucky | 1 | $ 175,000 | $ 175,000 | $ 84,000 |
| Wayne, Kentucky | 1 | $ 109,000 | $ 109,000 | $ 67,000 |
| Butler, Ohio | 1 | $ 120,000 | $ 120,000 | $ 102,000 |
| Franklin, Ohio | 1 | $ 190,000 | $ 190,000 | $ 70,000 |
| Campbell, Tennessee | 1 | $ 31,000 | $ 31,000 | $ 81,000 |
| Davidson, Tennessee | 1 | $ 255,000 | $ 255,000 | $ 54,000 |
| Hawkins, Tennessee | 1 | $ 100,000 | $ 100,000 | $ 49,000 |
| Sumner, Tennessee | 1 | $ 227,000 | $ 227,000 | $ 143,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2014
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 783 | $107,354,000 | $137,000 | $750,000 | $70,000 | $1,140,000 |
| Refinancing | 485 | $59,754,000 | $123,000 | $1,400,000 | $74,000 | $445,000 |
| Home Improvement | 45 | $4,624,000 | $102,000 | $278,000 | $69,000 | $153,000 |
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 | 1,178 | $153,874,000 | $130,000 | $1,400,000 | $72,000 | $1,140,000 |
| Black or African American | 86 | $9,914,000 | $115,000 | $408,000 | $65,000 | $659,000 |
| Hispanic | 20 | $2,388,000 | $119,000 | $266,000 | $59,000 | $151,000 |
| Not Provided | 13 | $2,693,000 | $207,000 | $400,000 | $75,000 | $175,000 |
| Asian | 8 | $1,037,000 | $129,000 | $312,000 | $104,000 | $348,000 |
| American Indian or Alaskan Native | 5 | $1,373,000 | $274,000 | $750,000 | $98,000 | $166,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $453,000 | $151,000 | $250,000 | $51,000 | $63,000 |
| 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) | 1,313 | $171,732,000 | $130,000 | $1,400,000 | $72,000 | $1,140,000 |
| 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 | 719 | $95,333,000 | $132,000 | $750,000 | $78,000 | $445,000 |
| Application Withdrawn By Applicant | 299 | $39,204,000 | $131,000 | $450,000 | $69,000 | $659,000 |
| Application Denied By Financial Institution | 279 | $35,059,000 | $125,000 | $1,400,000 | $55,000 | $283,000 |
| File Closed For Incompleteness | 16 | $2,136,000 | $133,000 | $350,000 | $133,000 | $1,140,000 |
| 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 | 127 | $17,871,000 | $140,000 | $1,400,000 | $52,000 | $283,000 |
| Credit History | 102 | $11,520,000 | $112,000 | $456,000 | $61,000 | $192,000 |
| Collateral | 16 | $1,718,000 | $107,000 | $480,000 | $54,000 | $131,000 |
| Employment History | 10 | $1,078,000 | $107,000 | $190,000 | $38,000 | $79,000 |
| Other | 7 | $688,000 | $98,000 | $295,000 | $37,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $618,000 | $123,000 | $185,000 | $52,000 | $93,000 |
| Mortgage Insurance Denied | 5 | $494,000 | $98,000 | $121,000 | $58,000 | $105,000 |
| 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 2014 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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