L&N Federal Credit Union Mortgage Lending & HMDA Data, 2021
In 2021, L&N Federal Credit Union of Louisville, KY reported 2,768 mortgage applications totaling $429.0 million, down 4% from 2020. The average application was for $154,996, and applicants reported an average income of $97,544. 78% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (1,680), Cincinnati, OH-KY-IN (224) and Elizabethtown-Fort Knox, KY (23) (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 | 2,768 |
| Total Mortgage Loan Application Amount | $429,030,000 |
| Average Mortgage Loan Application Amount | $154,996 |
| Highest Mortgage Loan Application Amount | $18,505,000 |
| Average Applicant Income | $97,544 |
| Highest Applicant Income | $2,958,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,080 | $ 184,710,000 | $ 171,027 | $ 103,000 |
| Laurel, Kentucky | 273 | $ 33,965,000 | $ 124,413 | $ 100,000 |
| Bullitt, Kentucky | 188 | $ 32,630,000 | $ 173,563 | $ 93,000 |
| Whitley, Kentucky | 156 | $ 18,060,000 | $ 115,769 | $ 75,000 |
| Pulaski, Kentucky | 140 | $ 16,510,000 | $ 117,928 | $ 67,000 |
| Clark, Indiana | 125 | $ 16,625,000 | $ 133,000 | $ 90,000 |
| Oldham, Kentucky | 106 | $ 21,910,000 | $ 206,698 | $ 162,000 |
| Kenton, Kentucky | 87 | $ 11,925,000 | $ 137,068 | $ 100,000 |
| Floyd, Indiana | 83 | $ 11,615,000 | $ 139,939 | $ 83,000 |
| Boone, Kentucky | 72 | $ 11,500,000 | $ 159,722 | $ 93,000 |
| Knox, Kentucky | 69 | $ 6,935,000 | $ 100,507 | $ 78,000 |
| Nelson, Kentucky | 41 | $ 6,695,000 | $ 163,292 | $ 133,000 |
| Spencer, Kentucky | 39 | $ 5,655,000 | $ 145,000 | $ 112,000 |
| Shelby, Kentucky | 22 | $ 4,560,000 | $ 207,272 | $ 126,000 |
| Harrison, Indiana | 20 | $ 3,410,000 | $ 170,500 | $ 89,000 |
| Campbell, Kentucky | 20 | $ 2,780,000 | $ 139,000 | $ 99,000 |
| Grant, Kentucky | 18 | $ 2,750,000 | $ 152,777 | $ 77,000 |
| McCreary, Kentucky | 18 | $ 1,690,000 | $ 93,888 | $ 50,000 |
| Madison, Kentucky | 15 | $ 2,585,000 | $ 172,333 | $ 101,000 |
| Clay, Kentucky | 14 | $ 1,100,000 | $ 78,571 | $ 87,000 |
| Meade, Kentucky | 14 | $ 2,070,000 | $ 147,857 | $ 79,000 |
| Pendleton, Kentucky | 10 | $ 970,000 | $ 97,000 | $ 72,000 |
| Henry, Kentucky | 9 | $ 1,055,000 | $ 117,222 | $ 83,000 |
| Jackson, Kentucky | 9 | $ 645,000 | $ 71,666 | $ 110,000 |
| Washington, Indiana | 8 | $ 1,120,000 | $ 140,000 | $ 103,000 |
| Fayette, Kentucky | 8 | $ 1,360,000 | $ 170,000 | $ 95,000 |
| Hardin, Kentucky | 8 | $ 3,730,000 | $ 466,250 | $ 76,000 |
| Russell, Kentucky | 7 | $ 835,000 | $ 119,285 | $ 84,000 |
| Breckinridge, Kentucky | 5 | $ 585,000 | $ 117,000 | $ 70,000 |
| Wayne, Kentucky | 5 | $ 545,000 | $ 109,000 | $ 104,000 |
| Clermont, Ohio | 5 | $ 595,000 | $ 119,000 | $ 79,000 |
| Bell, Kentucky | 4 | $ 400,000 | $ 100,000 | $ 47,000 |
| Boyle, Kentucky | 4 | $ 430,000 | $ 107,500 | $ 74,000 |
| Grayson, Kentucky | 4 | $ 540,000 | $ 135,000 | $ 65,000 |
| Rockcastle, Kentucky | 4 | $ 320,000 | $ 80,000 | $ 83,000 |
| Trimble, Kentucky | 4 | $ 320,000 | $ 80,000 | $ 52,000 |
| Washington, Kentucky | 4 | $ 600,000 | $ 150,000 | $ 78,000 |
| Hamilton, Ohio | 4 | $ 470,000 | $ 117,500 | $ 83,000 |
| Anderson, Kentucky | 3 | $ 315,000 | $ 105,000 | $ 66,000 |
| Carroll, Kentucky | 3 | $ 225,000 | $ 75,000 | $ 31,000 |
| Edmonson, Kentucky | 3 | $ 475,000 | $ 158,333 | $ 105,000 |
| Gallatin, Kentucky | 3 | $ 385,000 | $ 128,333 | $ 73,000 |
| Warren, Kentucky | 3 | $ 475,000 | $ 158,333 | $ 92,000 |
| Butler, Ohio | 3 | $ 535,000 | $ 178,333 | $ 64,000 |
| Dearborn, Indiana | 2 | $ 330,000 | $ 165,000 | $ 99,000 |
| Scott, Indiana | 2 | $ 420,000 | $ 210,000 | $ 60,000 |
| Harlan, Kentucky | 2 | $ 210,000 | $ 105,000 | $ 81,000 |
| Letcher, Kentucky | 2 | $ 170,000 | $ 85,000 | $ 65,000 |
| Lincoln, Kentucky | 2 | $ 210,000 | $ 105,000 | $ 75,000 |
| Perry, Kentucky | 2 | $ 220,000 | $ 110,000 | $ 101,000 |
| Taylor, Kentucky | 2 | $ 380,000 | $ 190,000 | $ 44,000 |
| Campbell, Tennessee | 2 | $ 160,000 | $ 80,000 | $ 51,000 |
| Claiborne, Tennessee | 2 | $ 290,000 | $ 145,000 | $ 95,000 |
| Routt, Colorado | 1 | $ 1,155,000 | $ 1,155,000 | $ 0 |
| Collier, Florida | 1 | $ 3,805,000 | $ 3,805,000 | $ 1,526,000 |
| Crawford, Indiana | 1 | $ 85,000 | $ 85,000 | $ 63,000 |
| Dubois, Indiana | 1 | $ 355,000 | $ 355,000 | $ 92,000 |
| Hendricks, Indiana | 1 | $ 35,000 | $ 35,000 | $ 80,000 |
| Vanderburgh, Indiana | 1 | $ 185,000 | $ 185,000 | $ 56,000 |
| Allen, Kentucky | 1 | $ 45,000 | $ 45,000 | $ 137,000 |
| Barren, Kentucky | 1 | $ 65,000 | $ 65,000 | $ 79,000 |
| Bourbon, Kentucky | 1 | $ 165,000 | $ 165,000 | $ 98,000 |
| Boyd, Kentucky | 1 | $ 225,000 | $ 225,000 | $ 134,000 |
| Breathitt, Kentucky | 1 | $ 95,000 | $ 95,000 | $ 82,000 |
| Franklin, Kentucky | 1 | $ 195,000 | $ 195,000 | $ 58,000 |
| Hart, Kentucky | 1 | $ 175,000 | $ 175,000 | $ 90,000 |
| Jessamine, Kentucky | 1 | $ 115,000 | $ 115,000 | $ 22,000 |
| Larue, Kentucky | 1 | $ 35,000 | $ 35,000 | $ 32,000 |
| Leslie, Kentucky | 1 | $ 135,000 | $ 135,000 | $ 68,000 |
| McCracken, Kentucky | 1 | $ 175,000 | $ 175,000 | $ 198,000 |
| Montgomery, Kentucky | 1 | $ 155,000 | $ 155,000 | $ 68,000 |
| Owen, Kentucky | 1 | $ 435,000 | $ 435,000 | $ 150,000 |
| Owsley, Kentucky | 1 | $ 75,000 | $ 75,000 | $ 67,000 |
| Pike, Kentucky | 1 | $ 165,000 | $ 165,000 | $ 75,000 |
| Powell, Kentucky | 1 | $ 145,000 | $ 145,000 | $ 118,000 |
| Franklin, Ohio | 1 | $ 425,000 | $ 425,000 | $ 98,000 |
| Greene, Ohio | 1 | $ 285,000 | $ 285,000 | $ 101,000 |
| Montgomery, Ohio | 1 | $ 145,000 | $ 145,000 | $ 47,000 |
| Cocke, Tennessee | 1 | $ 45,000 | $ 45,000 | $ 69,000 |
| Knox, Tennessee | 1 | $ 145,000 | $ 145,000 | $ 81,000 |
| Scott, Tennessee | 1 | $ 95,000 | $ 95,000 | $ 77,000 |
| Sumner, Tennessee | 1 | $ 655,000 | $ 655,000 | $ 274,000 |
| Wilson, Tennessee | 1 | $ 215,000 | $ 215,000 | $ 34,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2021
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 | 1,157 | $121,365,000 | $104,000 | $1,505,000 | $100,000 | $2,958,000 |
| Home Purchase | 794 | $184,770,000 | $232,000 | $18,505,000 | $96,000 | $1,526,000 |
| Cash-out Refinancing | 468 | $74,910,000 | $160,000 | $1,685,000 | $82,000 | $765,000 |
| Home Improvement | 190 | $26,870,000 | $141,000 | $1,275,000 | $137,000 | $1,760,000 |
| Other Purpose | 159 | $21,115,000 | $132,000 | $935,000 | $86,000 | $298,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 2,347 | $332,555,000 | $141,000 | $3,805,000 | $98,000 | $2,958,000 |
| Not Provided | 168 | $28,530,000 | $169,000 | $695,000 | $120,000 | $1,992,000 |
| Black or African American | 164 | $20,910,000 | $127,000 | $475,000 | $81,000 | $1,884,000 |
| Hispanic | 34 | $4,990,000 | $146,000 | $385,000 | $64,000 | $219,000 |
| Not applicable | 28 | $37,190,000 | $1,328,000 | $18,505,000 | $79,000 | $107,000 |
| Asian | 12 | $2,310,000 | $192,000 | $545,000 | $115,000 | $229,000 |
| American Indian or Alaskan Native | 8 | $1,240,000 | $155,000 | $225,000 | $142,000 | $840,000 |
| 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) | 2,768 | $429,030,000 | $154,000 | $18,505,000 | $98,000 | $2,958,000 |
| 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 | 2,158 | $332,420,000 | $154,000 | $18,505,000 | $90,000 | $1,553,000 |
| Application Withdrawn By Applicant | 502 | $82,530,000 | $164,000 | $695,000 | $133,000 | $2,958,000 |
| Application Denied By Financial Institution | 83 | $10,775,000 | $129,000 | $605,000 | $69,000 | $220,000 |
| File Closed For Incompleteness | 22 | $2,990,000 | $135,000 | $355,000 | $109,000 | $1,418,000 |
| Preapproval Approved but not Accepted | 2 | $240,000 | $120,000 | $195,000 | $63,000 | $94,000 |
| Application Approved But Not Accepted | 1 | $75,000 | $75,000 | $75,000 | $40,000 | $40,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 2,685 | $418,255,000 | $155,000 | $18,505,000 | $99,000 | $2,958,000 |
| Credit History | 43 | $4,845,000 | $112,000 | $385,000 | $81,000 | $193,000 |
| Debt-To-Income Ratio | 29 | $4,315,000 | $148,000 | $605,000 | $46,000 | $180,000 |
| Collateral | 9 | $995,000 | $110,000 | $305,000 | $72,000 | $220,000 |
| Employment History | 1 | $545,000 | $545,000 | $545,000 | $180,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $75,000 | $75,000 | $75,000 | $33,000 | $33,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into L&N Federal Credit Union's 2021 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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