L&N Federal Credit Union Mortgage Lending & HMDA Data, 2016
In 2016, L&N Federal Credit Union of Louisville, KY reported 1,743 mortgage applications totaling $258.0 million, up 6% from 2015. The average application was for $148,027, and applicants reported an average income of $83,142. 59% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (601), Cincinnati, OH-KY-IN (89) and Lexington-Fayette, KY (9) (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 | 1,743 |
| Total Mortgage Loan Application Amount | $258,012,000 |
| Average Mortgage Loan Application Amount | $148,027 |
| Highest Mortgage Loan Application Amount | $1,865,000 |
| Average Applicant Income | $83,142 |
| Highest Applicant Income | $905,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 411 | $ 65,527,000 | $ 159,433 | $ 108,000 |
| Laurel, Kentucky | 114 | $ 14,113,000 | $ 123,798 | $ 70,000 |
| Whitley, Kentucky | 71 | $ 7,938,000 | $ 111,802 | $ 71,000 |
| Bullitt, Kentucky | 53 | $ 8,293,000 | $ 156,471 | $ 77,000 |
| Kenton, Kentucky | 48 | $ 6,308,000 | $ 131,416 | $ 76,000 |
| Pulaski, Kentucky | 48 | $ 5,620,000 | $ 117,083 | $ 72,000 |
| Oldham, Kentucky | 45 | $ 9,896,000 | $ 219,911 | $ 153,000 |
| Floyd, Indiana | 32 | $ 7,776,000 | $ 243,000 | $ 113,000 |
| Clark, Indiana | 30 | $ 4,140,000 | $ 138,000 | $ 77,000 |
| Boone, Kentucky | 25 | $ 4,171,000 | $ 166,840 | $ 84,000 |
| Knox, Kentucky | 24 | $ 2,511,000 | $ 104,625 | $ 63,000 |
| Spencer, Kentucky | 16 | $ 2,747,000 | $ 171,687 | $ 92,000 |
| Nelson, Kentucky | 9 | $ 1,173,000 | $ 130,333 | $ 89,000 |
| Campbell, Kentucky | 8 | $ 932,000 | $ 116,500 | $ 69,000 |
| Fayette, Kentucky | 8 | $ 3,055,000 | $ 381,875 | $ 129,000 |
| Campbell, Tennessee | 7 | $ 546,000 | $ 78,000 | $ 54,000 |
| Harrison, Indiana | 6 | $ 840,000 | $ 140,000 | $ 96,000 |
| McCreary, Kentucky | 6 | $ 581,000 | $ 96,833 | $ 58,000 |
| Shelby, Kentucky | 6 | $ 1,613,000 | $ 268,833 | $ 120,000 |
| Jackson, Kentucky | 5 | $ 569,000 | $ 113,800 | $ 80,000 |
| Madison, Kentucky | 4 | $ 750,000 | $ 187,500 | $ 91,000 |
| Meade, Kentucky | 4 | $ 619,000 | $ 154,750 | $ 64,000 |
| Wayne, Kentucky | 4 | $ 425,000 | $ 106,250 | $ 101,000 |
| Marion, Indiana | 3 | $ 186,000 | $ 62,000 | $ 188,000 |
| Breckinridge, Kentucky | 3 | $ 478,000 | $ 159,333 | $ 115,000 |
| Clay, Kentucky | 3 | $ 261,000 | $ 87,000 | $ 184,000 |
| Hardin, Kentucky | 3 | $ 309,000 | $ 103,000 | $ 55,000 |
| Lincoln, Kentucky | 3 | $ 334,000 | $ 111,333 | $ 55,000 |
| Russell, Kentucky | 3 | $ 182,000 | $ 60,666 | $ 31,000 |
| Gallatin, Kentucky | 2 | $ 124,000 | $ 62,000 | $ 63,000 |
| Garrard, Kentucky | 2 | $ 317,000 | $ 158,500 | $ 56,000 |
| Grant, Kentucky | 2 | $ 330,000 | $ 165,000 | $ 69,000 |
| Clermont, Ohio | 2 | $ 414,000 | $ 207,000 | $ 82,000 |
| Claiborne, Tennessee | 2 | $ 431,000 | $ 215,500 | $ 106,000 |
| Davidson, Tennessee | 2 | $ 354,000 | $ 177,000 | $ 169,000 |
| Sumner, Tennessee | 2 | $ 427,000 | $ 213,500 | $ 257,000 |
| Washington, Tennessee | 2 | $ 193,000 | $ 96,500 | $ 51,000 |
| Brevard, Florida | 1 | $ 193,000 | $ 193,000 | $ 114,000 |
| Collier, Florida | 1 | $ 190,000 | $ 190,000 | $ 285,000 |
| Indian River, Florida | 1 | $ 100,000 | $ 100,000 | $ 23,000 |
| Lee, Florida | 1 | $ 60,000 | $ 60,000 | $ 143,000 |
| Sarasota, Florida | 1 | $ 278,000 | $ 278,000 | $ 162,000 |
| Dubois, Indiana | 1 | $ 98,000 | $ 98,000 | $ 68,000 |
| Monroe, Indiana | 1 | $ 85,000 | $ 85,000 | $ 61,000 |
| Scott, Indiana | 1 | $ 195,000 | $ 195,000 | $ 35,000 |
| Switzerland, Indiana | 1 | $ 172,000 | $ 172,000 | $ 75,000 |
| Washington, Indiana | 1 | $ 158,000 | $ 158,000 | $ 63,000 |
| Anderson, Kentucky | 1 | $ 220,000 | $ 220,000 | $ 188,000 |
| Bell, Kentucky | 1 | $ 117,000 | $ 117,000 | $ 114,000 |
| Jessamine, Kentucky | 1 | $ 124,000 | $ 124,000 | $ 68,000 |
| Larue, Kentucky | 1 | $ 198,000 | $ 198,000 | $ 104,000 |
| Lee, Kentucky | 1 | $ 42,000 | $ 42,000 | $ 164,000 |
| Letcher, Kentucky | 1 | $ 123,000 | $ 123,000 | $ 56,000 |
| Marshall, Kentucky | 1 | $ 56,000 | $ 56,000 | $ 469,000 |
| Owen, Kentucky | 1 | $ 111,000 | $ 111,000 | $ 113,000 |
| Warren, Kentucky | 1 | $ 142,000 | $ 142,000 | $ 110,000 |
| Adams, Ohio | 1 | $ 92,000 | $ 92,000 | $ 55,000 |
| Butler, Ohio | 1 | $ 254,000 | $ 254,000 | $ 90,000 |
| Franklin, Ohio | 1 | $ 361,000 | $ 361,000 | $ 253,000 |
| Hamilton, Ohio | 1 | $ 203,000 | $ 203,000 | $ 73,000 |
| Wilson, Tennessee | 1 | $ 100,000 | $ 100,000 | $ 81,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2016
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 | 960 | $140,115,000 | $145,000 | $640,000 | $75,000 | $606,000 |
| Refinancing | 685 | $102,641,000 | $149,000 | $1,865,000 | $93,000 | $730,000 |
| Home Improvement | 98 | $15,256,000 | $155,000 | $1,600,000 | $94,000 | $905,000 |
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 | 1,520 | $222,555,000 | $146,000 | $1,600,000 | $83,000 | $905,000 |
| Black or African American | 102 | $13,611,000 | $133,000 | $457,000 | $64,000 | $287,000 |
| Not Provided | 70 | $13,870,000 | $198,000 | $1,865,000 | $126,000 | $730,000 |
| Hispanic | 25 | $3,067,000 | $122,000 | $250,000 | $57,000 | $132,000 |
| Asian | 18 | $3,709,000 | $206,000 | $417,000 | $101,000 | $358,000 |
| American Indian or Alaskan Native | 5 | $501,000 | $100,000 | $140,000 | $97,000 | $323,000 |
| Native Hawaiin or Other Pacific Islander | 3 | $699,000 | $233,000 | $350,000 | $109,000 | $198,000 |
| 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) | 1,743 | $258,012,000 | $148,000 | $1,865,000 | $83,000 | $905,000 |
| 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 | 1,021 | $155,159,000 | $151,000 | $1,865,000 | $95,000 | $905,000 |
| Application Withdrawn By Applicant | 435 | $66,059,000 | $151,000 | $640,000 | $73,000 | $295,000 |
| Application Denied By Financial Institution | 236 | $30,114,000 | $127,000 | $434,000 | $55,000 | $358,000 |
| File Closed For Incompleteness | 51 | $6,680,000 | $130,000 | $417,000 | $69,000 | $146,000 |
| 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 | 83 | $12,086,000 | $145,000 | $434,000 | $47,000 | $358,000 |
| Credit History | 78 | $8,602,000 | $110,000 | $335,000 | $63,000 | $221,000 |
| Employment History | 14 | $1,822,000 | $130,000 | $249,000 | $40,000 | $92,000 |
| Collateral | 9 | $919,000 | $102,000 | $193,000 | $78,000 | $174,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $852,000 | $121,000 | $246,000 | $48,000 | $75,000 |
| Other | 3 | $595,000 | $198,000 | $350,000 | $55,000 | $95,000 |
| 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 2016 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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