L&N Federal Credit Union Mortgage Lending & HMDA Data, 2017
In 2017, L&N Federal Credit Union of Louisville, KY reported 1,263 mortgage applications totaling $187.8 million, down 28% from 2016. The average application was for $148,701, and applicants reported an average income of $80,536. 84% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (763), Cincinnati, OH-KY-IN (93) and Elizabethtown-Fort Knox, KY (14) (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 | 1,263 |
| Total Mortgage Loan Application Amount | $187,810,000 |
| Average Mortgage Loan Application Amount | $148,701 |
| Highest Mortgage Loan Application Amount | $2,050,000 |
| Average Applicant Income | $80,536 |
| Highest Applicant Income | $496,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 472 | $ 76,046,000 | $ 161,114 | $ 81,000 |
| Laurel, Kentucky | 145 | $ 17,739,000 | $ 122,337 | $ 72,000 |
| Bullitt, Kentucky | 99 | $ 16,112,000 | $ 162,747 | $ 83,000 |
| Whitley, Kentucky | 73 | $ 7,029,000 | $ 96,287 | $ 69,000 |
| Oldham, Kentucky | 60 | $ 13,445,000 | $ 224,083 | $ 125,000 |
| Clark, Indiana | 45 | $ 5,925,000 | $ 131,666 | $ 79,000 |
| Pulaski, Kentucky | 43 | $ 5,556,000 | $ 129,209 | $ 61,000 |
| Kenton, Kentucky | 35 | $ 4,209,000 | $ 120,257 | $ 77,000 |
| Floyd, Indiana | 34 | $ 5,959,000 | $ 175,264 | $ 90,000 |
| Boone, Kentucky | 31 | $ 5,925,000 | $ 191,129 | $ 78,000 |
| Knox, Kentucky | 30 | $ 2,810,000 | $ 93,666 | $ 62,000 |
| Shelby, Kentucky | 21 | $ 3,978,000 | $ 189,428 | $ 92,000 |
| Spencer, Kentucky | 21 | $ 3,725,000 | $ 177,380 | $ 93,000 |
| Campbell, Kentucky | 13 | $ 2,121,000 | $ 163,153 | $ 92,000 |
| McCreary, Kentucky | 13 | $ 991,000 | $ 76,230 | $ 46,000 |
| Nelson, Kentucky | 13 | $ 2,194,000 | $ 168,769 | $ 92,000 |
| Jackson, Kentucky | 9 | $ 808,000 | $ 89,777 | $ 38,000 |
| Meade, Kentucky | 7 | $ 579,000 | $ 82,714 | $ 52,000 |
| Fayette, Kentucky | 6 | $ 1,424,000 | $ 237,333 | $ 163,000 |
| Grant, Kentucky | 6 | $ 1,126,000 | $ 187,666 | $ 109,000 |
| Hardin, Kentucky | 6 | $ 648,000 | $ 108,000 | $ 61,000 |
| Harrison, Indiana | 5 | $ 600,000 | $ 120,000 | $ 88,000 |
| Clay, Kentucky | 5 | $ 497,000 | $ 99,400 | $ 72,000 |
| Washington, Indiana | 4 | $ 477,000 | $ 119,250 | $ 70,000 |
| Breckinridge, Kentucky | 4 | $ 416,000 | $ 104,000 | $ 64,000 |
| Madison, Kentucky | 4 | $ 548,000 | $ 137,000 | $ 57,000 |
| Rockcastle, Kentucky | 4 | $ 441,000 | $ 110,250 | $ 58,000 |
| Wayne, Kentucky | 4 | $ 368,000 | $ 92,000 | $ 45,000 |
| Grayson, Kentucky | 3 | $ 229,000 | $ 76,333 | $ 66,000 |
| Taylor, Kentucky | 3 | $ 220,000 | $ 73,333 | $ 57,000 |
| Clermont, Ohio | 3 | $ 287,000 | $ 95,666 | $ 51,000 |
| Campbell, Tennessee | 3 | $ 424,000 | $ 141,333 | $ 75,000 |
| Collier, Florida | 2 | $ 290,000 | $ 145,000 | $ 165,000 |
| Sarasota, Florida | 2 | $ 263,000 | $ 131,500 | $ 87,000 |
| Bell, Kentucky | 2 | $ 225,000 | $ 112,500 | $ 48,000 |
| Casey, Kentucky | 2 | $ 216,000 | $ 108,000 | $ 57,000 |
| Clinton, Kentucky | 2 | $ 199,000 | $ 99,500 | $ 78,000 |
| Pendleton, Kentucky | 2 | $ 177,000 | $ 88,500 | $ 55,000 |
| Russell, Kentucky | 2 | $ 367,000 | $ 183,500 | $ 61,000 |
| Bay, Florida | 1 | $ 130,000 | $ 130,000 | $ 154,000 |
| Charlotte, Florida | 1 | $ 100,000 | $ 100,000 | $ 30,000 |
| Putnam, Florida | 1 | $ 220,000 | $ 220,000 | $ 147,000 |
| Orange, Indiana | 1 | $ 43,000 | $ 43,000 | $ 42,000 |
| Scott, Indiana | 1 | $ 88,000 | $ 88,000 | $ 58,000 |
| Boyle, Kentucky | 1 | $ 135,000 | $ 135,000 | $ 53,000 |
| Calloway, Kentucky | 1 | $ 61,000 | $ 61,000 | $ 17,000 |
| Carroll, Kentucky | 1 | $ 87,000 | $ 87,000 | $ 60,000 |
| Edmonson, Kentucky | 1 | $ 98,000 | $ 98,000 | $ 190,000 |
| Floyd, Kentucky | 1 | $ 232,000 | $ 232,000 | $ 166,000 |
| Gallatin, Kentucky | 1 | $ 194,000 | $ 194,000 | $ 69,000 |
| Hart, Kentucky | 1 | $ 25,000 | $ 25,000 | $ 97,000 |
| Henry, Kentucky | 1 | $ 185,000 | $ 185,000 | $ 91,000 |
| Jessamine, Kentucky | 1 | $ 140,000 | $ 140,000 | $ 57,000 |
| Larue, Kentucky | 1 | $ 275,000 | $ 275,000 | $ 120,000 |
| Marion, Kentucky | 1 | $ 57,000 | $ 57,000 | $ 132,000 |
| McCracken, Kentucky | 1 | $ 97,000 | $ 97,000 | $ 130,000 |
| Owen, Kentucky | 1 | $ 67,000 | $ 67,000 | $ 81,000 |
| Perry, Kentucky | 1 | $ 90,000 | $ 90,000 | $ 66,000 |
| Scott, Kentucky | 1 | $ 185,000 | $ 185,000 | $ 81,000 |
| Hamilton, Ohio | 1 | $ 48,000 | $ 48,000 | $ 29,000 |
| Warren, Ohio | 1 | $ 98,000 | $ 98,000 | $ 32,000 |
| Jefferson, Tennessee | 1 | $ 162,000 | $ 162,000 | $ 73,000 |
| Sevier, Tennessee | 1 | $ 250,000 | $ 250,000 | $ 408,000 |
| Smith, Tennessee | 1 | $ 150,000 | $ 150,000 | $ 81,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2017
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 | 585 | $84,162,000 | $143,000 | $1,285,000 | $80,000 | $471,000 |
| Home Purchase | 560 | $89,609,000 | $160,000 | $2,050,000 | $81,000 | $496,000 |
| Home Improvement | 118 | $14,039,000 | $118,000 | $400,000 | $81,000 | $246,000 |
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 | 1,156 | $167,775,000 | $145,000 | $1,520,000 | $81,000 | $496,000 |
| Black or African American | 36 | $4,684,000 | $130,000 | $310,000 | $64,000 | $140,000 |
| Not Provided | 29 | $3,931,000 | $135,000 | $469,000 | $112,000 | $471,000 |
| Hispanic | 17 | $1,800,000 | $105,000 | $318,000 | $57,000 | $150,000 |
| Not applicable | 13 | $7,435,000 | $571,000 | $2,050,000 | $0 | $0 |
| Asian | 7 | $1,313,000 | $187,000 | $424,000 | $73,000 | $134,000 |
| American Indian or Alaskan Native | 4 | $707,000 | $176,000 | $400,000 | $107,000 | $161,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $165,000 | $165,000 | $165,000 | $77,000 | $77,000 |
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) | 1,263 | $187,810,000 | $148,000 | $2,050,000 | $80,000 | $496,000 |
| 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 | 1,064 | $159,328,000 | $149,000 | $2,050,000 | $82,000 | $496,000 |
| Application Withdrawn By Applicant | 112 | $16,486,000 | $147,000 | $630,000 | $75,000 | $341,000 |
| Application Denied By Financial Institution | 87 | $11,996,000 | $137,000 | $1,520,000 | $67,000 | $367,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 37 | $4,236,000 | $114,000 | $304,000 | $57,000 | $143,000 |
| Credit History | 30 | $3,541,000 | $118,000 | $326,000 | $79,000 | $367,000 |
| Collateral | 9 | $1,680,000 | $186,000 | $830,000 | $66,000 | $142,000 |
| Other | 5 | $1,868,000 | $373,000 | $1,520,000 | $95,000 | $166,000 |
| Employment History | 3 | $290,000 | $96,000 | $105,000 | $51,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2017 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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