L&N Federal Credit Union Mortgage Lending & HMDA Data, 2022
In 2022, L&N Federal Credit Union of Louisville, KY reported 2,058 mortgage applications totaling $286.4 million, down 26% from 2021. The average application was for $139,183, and applicants reported an average income of $107,303. 79% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (1,257), Cincinnati, OH-KY-IN (170) and Elizabethtown-Fort Knox, KY (20) (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 | 2,058 |
| Total Mortgage Loan Application Amount | $286,440,000 |
| Average Mortgage Loan Application Amount | $139,183 |
| Highest Mortgage Loan Application Amount | $4,405,000 |
| Average Applicant Income | $107,303 |
| Highest Applicant Income | $4,784,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 758 | $ 113,600,000 | $ 149,868 | $ 110,000 |
| Laurel, Kentucky | 183 | $ 22,125,000 | $ 120,901 | $ 104,000 |
| Bullitt, Kentucky | 170 | $ 25,360,000 | $ 149,176 | $ 118,000 |
| Whitley, Kentucky | 111 | $ 10,915,000 | $ 98,333 | $ 78,000 |
| Clark, Indiana | 108 | $ 14,690,000 | $ 136,018 | $ 99,000 |
| Pulaski, Kentucky | 101 | $ 10,045,000 | $ 99,455 | $ 72,000 |
| Kenton, Kentucky | 80 | $ 7,560,000 | $ 94,500 | $ 79,000 |
| Oldham, Kentucky | 73 | $ 13,195,000 | $ 180,753 | $ 146,000 |
| Knox, Kentucky | 60 | $ 6,240,000 | $ 104,000 | $ 85,000 |
| Floyd, Indiana | 56 | $ 8,540,000 | $ 152,500 | $ 148,000 |
| Boone, Kentucky | 55 | $ 7,405,000 | $ 134,636 | $ 92,000 |
| Spencer, Kentucky | 39 | $ 7,265,000 | $ 186,282 | $ 114,000 |
| Shelby, Kentucky | 30 | $ 6,090,000 | $ 203,000 | $ 263,000 |
| Nelson, Kentucky | 22 | $ 2,700,000 | $ 122,727 | $ 82,000 |
| Campbell, Kentucky | 15 | $ 2,485,000 | $ 165,666 | $ 176,000 |
| Harrison, Indiana | 14 | $ 2,740,000 | $ 195,714 | $ 113,000 |
| Clay, Kentucky | 12 | $ 830,000 | $ 69,166 | $ 58,000 |
| Rockcastle, Kentucky | 10 | $ 1,310,000 | $ 131,000 | $ 68,000 |
| Meade, Kentucky | 9 | $ 895,000 | $ 99,444 | $ 78,000 |
| Jackson, Kentucky | 8 | $ 770,000 | $ 96,250 | $ 171,000 |
| Washington, Indiana | 7 | $ 1,395,000 | $ 199,285 | $ 91,000 |
| Grant, Kentucky | 7 | $ 1,145,000 | $ 163,571 | $ 74,000 |
| McCreary, Kentucky | 7 | $ 1,225,000 | $ 175,000 | $ 90,000 |
| Russell, Kentucky | 7 | $ 925,000 | $ 132,142 | $ 180,000 |
| Fayette, Kentucky | 6 | $ 860,000 | $ 143,333 | $ 123,000 |
| Grayson, Kentucky | 6 | $ 600,000 | $ 100,000 | $ 230,000 |
| Hardin, Kentucky | 6 | $ 1,010,000 | $ 168,333 | $ 81,000 |
| Madison, Kentucky | 6 | $ 1,050,000 | $ 175,000 | $ 86,000 |
| Campbell, Tennessee | 6 | $ 480,000 | $ 80,000 | $ 36,000 |
| Gallatin, Kentucky | 5 | $ 685,000 | $ 137,000 | $ 78,000 |
| Larue, Kentucky | 5 | $ 525,000 | $ 105,000 | $ 74,000 |
| Bell, Kentucky | 4 | $ 330,000 | $ 82,500 | $ 110,000 |
| Breckinridge, Kentucky | 4 | $ 440,000 | $ 110,000 | $ 91,000 |
| Scott, Indiana | 3 | $ 445,000 | $ 148,333 | $ 49,000 |
| Clark, Kentucky | 3 | $ 535,000 | $ 178,333 | $ 139,000 |
| Edmonson, Kentucky | 3 | $ 395,000 | $ 131,666 | $ 82,000 |
| Lincoln, Kentucky | 3 | $ 255,000 | $ 85,000 | $ 36,000 |
| Pendleton, Kentucky | 3 | $ 575,000 | $ 191,666 | $ 106,000 |
| Scott, Kentucky | 3 | $ 355,000 | $ 118,333 | $ 53,000 |
| Montgomery, Ohio | 3 | $ 145,000 | $ 48,333 | $ 124,000 |
| Crawford, Indiana | 2 | $ 340,000 | $ 170,000 | $ 51,000 |
| Dearborn, Indiana | 2 | $ 410,000 | $ 205,000 | $ 104,000 |
| Casey, Kentucky | 2 | $ 260,000 | $ 130,000 | $ 58,000 |
| Henry, Kentucky | 2 | $ 120,000 | $ 60,000 | $ 90,000 |
| Owen, Kentucky | 2 | $ 630,000 | $ 315,000 | $ 100,000 |
| Pike, Kentucky | 2 | $ 320,000 | $ 160,000 | $ 69,000 |
| Warren, Kentucky | 2 | $ 890,000 | $ 445,000 | $ 286,000 |
| Wayne, Kentucky | 2 | $ 160,000 | $ 80,000 | $ 136,000 |
| Hamilton, Ohio | 2 | $ 240,000 | $ 120,000 | $ 138,000 |
| Scott, Tennessee | 2 | $ 210,000 | $ 105,000 | $ 150,000 |
| Perry, Indiana | 1 | $ 105,000 | $ 105,000 | $ 70,000 |
| Adair, Kentucky | 1 | $ 65,000 | $ 65,000 | $ 54,000 |
| Anderson, Kentucky | 1 | $ 55,000 | $ 55,000 | $ 95,000 |
| Boyd, Kentucky | 1 | $ 85,000 | $ 85,000 | $ 60,000 |
| Bracken, Kentucky | 1 | $ 115,000 | $ 115,000 | $ 47,000 |
| Cumberland, Kentucky | 1 | $ 465,000 | $ 465,000 | $ 75,000 |
| Daviess, Kentucky | 1 | $ 45,000 | $ 45,000 | $ 78,000 |
| Floyd, Kentucky | 1 | $ 135,000 | $ 135,000 | $ 73,000 |
| Franklin, Kentucky | 1 | $ 225,000 | $ 225,000 | $ 54,000 |
| Hancock, Kentucky | 1 | $ 65,000 | $ 65,000 | $ 100,000 |
| Hart, Kentucky | 1 | $ 235,000 | $ 235,000 | $ 67,000 |
| Leslie, Kentucky | 1 | $ 55,000 | $ 55,000 | $ 54,000 |
| Marion, Kentucky | 1 | $ 315,000 | $ 315,000 | $ 137,000 |
| Marshall, Kentucky | 1 | $ 195,000 | $ 195,000 | $ 124,000 |
| Montgomery, Kentucky | 1 | $ 155,000 | $ 155,000 | $ 68,000 |
| Woodford, Kentucky | 1 | $ 55,000 | $ 55,000 | $ 48,000 |
| Delaware, Ohio | 1 | $ 205,000 | $ 205,000 | $ 232,000 |
| Franklin, Ohio | 1 | $ 365,000 | $ 365,000 | $ 0 |
| Beaufort, South Carolina | 1 | $ 515,000 | $ 515,000 | $ 190,000 |
| Georgetown, South Carolina | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Blount, Tennessee | 1 | $ 45,000 | $ 45,000 | $ 123,000 |
| Bradley, Tennessee | 1 | $ 455,000 | $ 455,000 | $ 478,000 |
| Claiborne, Tennessee | 1 | $ 115,000 | $ 115,000 | $ 103,000 |
| Jefferson, Tennessee | 1 | $ 105,000 | $ 105,000 | $ 64,000 |
| Rutherford, Tennessee | 1 | $ 385,000 | $ 385,000 | $ 95,000 |
| Weakley, Tennessee | 1 | $ 75,000 | $ 75,000 | $ 133,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2022
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 | 909 | $89,935,000 | $98,000 | $2,135,000 | $100,000 | $4,784,000 |
| Home Purchase | 601 | $128,995,000 | $214,000 | $4,405,000 | $113,000 | $2,892,000 |
| Cash-out Refinancing | 282 | $45,790,000 | $162,000 | $1,255,000 | $106,000 | $1,235,000 |
| Home Improvement | 244 | $16,340,000 | $66,000 | $245,000 | $113,000 | $1,885,000 |
| Other Purpose | 22 | $5,380,000 | $244,000 | $2,005,000 | $207,000 | $2,517,000 |
| 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 | 1,737 | $228,965,000 | $131,000 | $2,135,000 | $104,000 | $2,580,000 |
| Not Provided | 148 | $26,240,000 | $177,000 | $805,000 | $119,000 | $2,892,000 |
| Black or African American | 115 | $13,175,000 | $114,000 | $575,000 | $86,000 | $1,109,000 |
| Hispanic | 23 | $3,875,000 | $168,000 | $475,000 | $377,000 | $4,784,000 |
| Asian | 14 | $2,330,000 | $166,000 | $425,000 | $102,000 | $261,000 |
| Not applicable | 13 | $10,015,000 | $770,000 | $4,405,000 | $0 | $0 |
| American Indian or Alaskan Native | 4 | $1,160,000 | $290,000 | $465,000 | $101,000 | $168,000 |
| 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) | 2,058 | $286,440,000 | $139,000 | $4,405,000 | $107,000 | $4,784,000 |
| 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 | 1,620 | $209,160,000 | $129,000 | $4,405,000 | $100,000 | $4,784,000 |
| Application Withdrawn By Applicant | 335 | $60,625,000 | $180,000 | $2,135,000 | $123,000 | $2,892,000 |
| Application Denied By Financial Institution | 58 | $7,430,000 | $128,000 | $575,000 | $90,000 | $1,109,000 |
| File Closed For Incompleteness | 45 | $9,225,000 | $205,000 | $705,000 | $282,000 | $2,580,000 |
| 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 | 2,000 | $279,010,000 | $139,000 | $4,405,000 | $108,000 | $4,784,000 |
| Credit History | 32 | $3,660,000 | $114,000 | $315,000 | $118,000 | $1,109,000 |
| Debt-To-Income Ratio | 14 | $2,320,000 | $165,000 | $575,000 | $54,000 | $134,000 |
| Collateral | 12 | $1,450,000 | $120,000 | $265,000 | $58,000 | $86,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 2022 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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