L&N Federal Credit Union Mortgage Lending & HMDA Data, 2020
In 2020, L&N Federal Credit Union of Louisville, KY reported 2,881 mortgage applications totaling $489.6 million, up 102% from 2019. The average application was for $169,928, and applicants reported an average income of $94,804. 89% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (1,698), Cincinnati, OH-KY-IN (211) and Elizabethtown-Fort Knox, KY (25) (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 | 2,881 |
| Total Mortgage Loan Application Amount | $489,565,000 |
| Average Mortgage Loan Application Amount | $169,928 |
| Highest Mortgage Loan Application Amount | $3,425,000 |
| Average Applicant Income | $94,804 |
| Highest Applicant Income | $1,361,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,022 | $ 182,070,000 | $ 178,150 | $ 95,000 |
| Laurel, Kentucky | 309 | $ 42,135,000 | $ 136,359 | $ 82,000 |
| Whitley, Kentucky | 216 | $ 26,590,000 | $ 123,101 | $ 74,000 |
| Bullitt, Kentucky | 207 | $ 39,005,000 | $ 188,429 | $ 99,000 |
| Clark, Indiana | 139 | $ 21,865,000 | $ 157,302 | $ 89,000 |
| Oldham, Kentucky | 136 | $ 38,010,000 | $ 279,485 | $ 135,000 |
| Pulaski, Kentucky | 123 | $ 18,155,000 | $ 147,601 | $ 82,000 |
| Floyd, Indiana | 85 | $ 14,615,000 | $ 171,941 | $ 96,000 |
| Boone, Kentucky | 83 | $ 14,745,000 | $ 177,650 | $ 100,000 |
| Kenton, Kentucky | 81 | $ 14,805,000 | $ 182,777 | $ 105,000 |
| Knox, Kentucky | 77 | $ 9,915,000 | $ 128,766 | $ 83,000 |
| Spencer, Kentucky | 50 | $ 11,230,000 | $ 224,600 | $ 124,000 |
| Shelby, Kentucky | 33 | $ 6,475,000 | $ 196,212 | $ 91,000 |
| Nelson, Kentucky | 30 | $ 5,080,000 | $ 169,333 | $ 81,000 |
| McCreary, Kentucky | 23 | $ 2,855,000 | $ 124,130 | $ 87,000 |
| Madison, Kentucky | 21 | $ 4,035,000 | $ 192,142 | $ 129,000 |
| Harrison, Indiana | 20 | $ 3,700,000 | $ 185,000 | $ 114,000 |
| Clay, Kentucky | 17 | $ 1,975,000 | $ 116,176 | $ 55,000 |
| Campbell, Kentucky | 14 | $ 2,720,000 | $ 194,285 | $ 85,000 |
| Grant, Kentucky | 13 | $ 1,995,000 | $ 153,461 | $ 101,000 |
| Meade, Kentucky | 13 | $ 1,925,000 | $ 148,076 | $ 104,000 |
| Fayette, Kentucky | 12 | $ 2,410,000 | $ 200,833 | $ 112,000 |
| Hardin, Kentucky | 12 | $ 2,120,000 | $ 176,666 | $ 89,000 |
| Jackson, Kentucky | 10 | $ 960,000 | $ 96,000 | $ 67,000 |
| Campbell, Tennessee | 9 | $ 955,000 | $ 106,111 | $ 73,000 |
| Bell, Kentucky | 7 | $ 835,000 | $ 119,285 | $ 67,000 |
| Grayson, Kentucky | 7 | $ 845,000 | $ 120,714 | $ 113,000 |
| Lincoln, Kentucky | 7 | $ 1,015,000 | $ 145,000 | $ 60,000 |
| Pendleton, Kentucky | 7 | $ 1,565,000 | $ 223,571 | $ 93,000 |
| Russell, Kentucky | 6 | $ 630,000 | $ 105,000 | $ 117,000 |
| Hamilton, Ohio | 6 | $ 840,000 | $ 140,000 | $ 108,000 |
| Breckinridge, Kentucky | 5 | $ 685,000 | $ 137,000 | $ 66,000 |
| Rockcastle, Kentucky | 5 | $ 665,000 | $ 133,000 | $ 95,000 |
| Wayne, Kentucky | 5 | $ 805,000 | $ 161,000 | $ 81,000 |
| Anderson, Kentucky | 4 | $ 700,000 | $ 175,000 | $ 119,000 |
| Henry, Kentucky | 4 | $ 650,000 | $ 162,500 | $ 88,000 |
| Owen, Kentucky | 4 | $ 640,000 | $ 160,000 | $ 88,000 |
| Trimble, Kentucky | 4 | $ 610,000 | $ 152,500 | $ 39,000 |
| Franklin, Kentucky | 3 | $ 555,000 | $ 185,000 | $ 75,000 |
| Gallatin, Kentucky | 3 | $ 235,000 | $ 78,333 | $ 78,000 |
| Scott, Indiana | 2 | $ 200,000 | $ 100,000 | $ 87,000 |
| Washington, Indiana | 2 | $ 290,000 | $ 145,000 | $ 103,000 |
| Allen, Kentucky | 2 | $ 330,000 | $ 165,000 | $ 90,000 |
| Edmonson, Kentucky | 2 | $ 530,000 | $ 265,000 | $ 116,000 |
| Harlan, Kentucky | 2 | $ 90,000 | $ 45,000 | $ 0 |
| Hart, Kentucky | 2 | $ 400,000 | $ 200,000 | $ 369,000 |
| Butler, Ohio | 2 | $ 290,000 | $ 145,000 | $ 122,000 |
| Grainger, Tennessee | 2 | $ 220,000 | $ 110,000 | $ 72,000 |
| Scott, Tennessee | 2 | $ 280,000 | $ 140,000 | $ 99,000 |
| Crawford, Indiana | 1 | $ 135,000 | $ 135,000 | $ 44,000 |
| Dearborn, Indiana | 1 | $ 255,000 | $ 255,000 | $ 110,000 |
| Jackson, Indiana | 1 | $ 145,000 | $ 145,000 | $ 89,000 |
| Warrick, Indiana | 1 | $ 115,000 | $ 115,000 | $ 83,000 |
| Barren, Kentucky | 1 | $ 165,000 | $ 165,000 | $ 278,000 |
| Bourbon, Kentucky | 1 | $ 155,000 | $ 155,000 | $ 102,000 |
| Casey, Kentucky | 1 | $ 125,000 | $ 125,000 | $ 79,000 |
| Clinton, Kentucky | 1 | $ 55,000 | $ 55,000 | $ 73,000 |
| Estill, Kentucky | 1 | $ 155,000 | $ 155,000 | $ 37,000 |
| Garrard, Kentucky | 1 | $ 185,000 | $ 185,000 | $ 100,000 |
| Green, Kentucky | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Jessamine, Kentucky | 1 | $ 125,000 | $ 125,000 | $ 76,000 |
| Johnson, Kentucky | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Knott, Kentucky | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Lee, Kentucky | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Letcher, Kentucky | 1 | $ 45,000 | $ 45,000 | $ 32,000 |
| Mercer, Kentucky | 1 | $ 195,000 | $ 195,000 | $ 84,000 |
| Montgomery, Kentucky | 1 | $ 135,000 | $ 135,000 | $ 66,000 |
| Morgan, Kentucky | 1 | $ 165,000 | $ 165,000 | $ 73,000 |
| Ohio, Kentucky | 1 | $ 95,000 | $ 95,000 | $ 53,000 |
| Pike, Kentucky | 1 | $ 295,000 | $ 295,000 | $ 318,000 |
| Powell, Kentucky | 1 | $ 65,000 | $ 65,000 | $ 59,000 |
| Scott, Kentucky | 1 | $ 265,000 | $ 265,000 | $ 139,000 |
| Washington, Kentucky | 1 | $ 55,000 | $ 55,000 | $ 75,000 |
| Delaware, Ohio | 1 | $ 515,000 | $ 515,000 | $ 188,000 |
| Franklin, Ohio | 1 | $ 405,000 | $ 405,000 | $ 201,000 |
| Warren, Ohio | 1 | $ 295,000 | $ 295,000 | $ 177,000 |
| Claiborne, Tennessee | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Hawkins, Tennessee | 1 | $ 85,000 | $ 85,000 | $ 56,000 |
| Sullivan, Tennessee | 1 | $ 155,000 | $ 155,000 | $ 60,000 |
| Sumner, Tennessee | 1 | $ 325,000 | $ 325,000 | $ 271,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2020
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 1,058 | $168,000,000 | $158,000 | $1,805,000 | $89,000 | $481,000 |
| Refinancing | 1,003 | $171,675,000 | $171,000 | $3,425,000 | $107,000 | $1,361,000 |
| Home Purchase | 745 | $131,585,000 | $176,000 | $1,775,000 | $85,000 | $903,000 |
| Home Improvement | 37 | $7,805,000 | $210,000 | $895,000 | $107,000 | $378,000 |
| Other Purpose | 33 | $8,185,000 | $248,000 | $515,000 | $115,000 | $281,000 |
| Not Applicable | 5 | $2,315,000 | $463,000 | $1,125,000 | $114,000 | $114,000 |
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 | 2,518 | $421,620,000 | $167,000 | $2,105,000 | $95,000 | $1,361,000 |
| Not Provided | 139 | $26,075,000 | $187,000 | $1,805,000 | $103,000 | $903,000 |
| Black or African American | 131 | $18,575,000 | $141,000 | $435,000 | $78,000 | $368,000 |
| Hispanic | 34 | $5,320,000 | $156,000 | $365,000 | $81,000 | $205,000 |
| Not applicable | 31 | $13,715,000 | $442,000 | $3,425,000 | $0 | $0 |
| Asian | 17 | $2,645,000 | $155,000 | $255,000 | $72,000 | $126,000 |
| American Indian or Alaskan Native | 4 | $560,000 | $140,000 | $215,000 | $83,000 | $100,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 2,881 | $489,565,000 | $169,000 | $3,425,000 | $94,000 | $1,361,000 |
| 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 | 2,558 | $438,250,000 | $171,000 | $3,425,000 | $94,000 | $1,108,000 |
| Application Withdrawn By Applicant | 227 | $37,445,000 | $164,000 | $1,935,000 | $100,000 | $1,361,000 |
| Application Denied By Financial Institution | 93 | $13,565,000 | $145,000 | $475,000 | $82,000 | $903,000 |
| File Closed For Incompleteness | 3 | $305,000 | $101,000 | $155,000 | $65,000 | $86,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,788 | $476,000,000 | $170,000 | $3,425,000 | $95,000 | $1,361,000 |
| Debt-To-Income Ratio | 37 | $6,265,000 | $169,000 | $475,000 | $104,000 | $903,000 |
| Credit History | 34 | $4,950,000 | $145,000 | $355,000 | $70,000 | $142,000 |
| Collateral | 15 | $1,265,000 | $84,000 | $255,000 | $50,000 | $98,000 |
| Employment History | 3 | $425,000 | $141,000 | $215,000 | $154,000 | $243,000 |
| Other | 2 | $320,000 | $160,000 | $165,000 | $95,000 | $95,000 |
| Unverifiable Information | 1 | $185,000 | $185,000 | $185,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $155,000 | $155,000 | $155,000 | $0 | $0 |
| Mortgage Insurance Denied | 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 2020 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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