L&N Federal Credit Union Mortgage Lending & HMDA Data, 2023
In 2023, L&N Federal Credit Union of Louisville, KY reported 1,702 mortgage applications totaling $233.1 million, down 17% from 2022. The average application was for $136,968, and applicants reported an average income of $147,828. 77% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (1,052), Cincinnati, OH-KY-IN (116) and Elizabethtown-Fort Knox, KY (21) (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 | 1,702 |
| Total Mortgage Loan Application Amount | $233,120,000 |
| Average Mortgage Loan Application Amount | $136,968 |
| Highest Mortgage Loan Application Amount | $19,705,000 |
| Average Applicant Income | $147,828 |
| Highest Applicant Income | $9,932,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 632 | $ 78,230,000 | $ 123,781 | $ 161,000 |
| Laurel, Kentucky | 153 | $ 18,925,000 | $ 123,692 | $ 107,000 |
| Bullitt, Kentucky | 146 | $ 16,550,000 | $ 113,356 | $ 151,000 |
| Pulaski, Kentucky | 93 | $ 8,135,000 | $ 87,473 | $ 84,000 |
| Whitley, Kentucky | 91 | $ 9,065,000 | $ 99,615 | $ 199,000 |
| Clark, Indiana | 87 | $ 9,545,000 | $ 109,712 | $ 240,000 |
| Oldham, Kentucky | 63 | $ 17,285,000 | $ 274,365 | $ 153,000 |
| Kenton, Kentucky | 47 | $ 4,715,000 | $ 100,319 | $ 125,000 |
| Knox, Kentucky | 47 | $ 4,285,000 | $ 91,170 | $ 89,000 |
| Floyd, Indiana | 45 | $ 6,735,000 | $ 149,666 | $ 121,000 |
| Boone, Kentucky | 34 | $ 4,090,000 | $ 120,294 | $ 98,000 |
| Shelby, Kentucky | 25 | $ 24,555,000 | $ 982,200 | $ 204,000 |
| Spencer, Kentucky | 23 | $ 2,925,000 | $ 127,173 | $ 93,000 |
| Nelson, Kentucky | 20 | $ 2,790,000 | $ 139,500 | $ 97,000 |
| Harrison, Indiana | 15 | $ 2,195,000 | $ 146,333 | $ 94,000 |
| Henry, Kentucky | 13 | $ 1,565,000 | $ 120,384 | $ 201,000 |
| Campbell, Kentucky | 11 | $ 735,000 | $ 66,818 | $ 100,000 |
| Meade, Kentucky | 11 | $ 845,000 | $ 76,818 | $ 82,000 |
| Grant, Kentucky | 9 | $ 1,685,000 | $ 187,222 | $ 90,000 |
| Hardin, Kentucky | 9 | $ 845,000 | $ 93,888 | $ 84,000 |
| McCreary, Kentucky | 8 | $ 660,000 | $ 82,500 | $ 66,000 |
| Jackson, Kentucky | 7 | $ 865,000 | $ 123,571 | $ 62,000 |
| Madison, Kentucky | 7 | $ 865,000 | $ 123,571 | $ 92,000 |
| Breckinridge, Kentucky | 6 | $ 460,000 | $ 76,666 | $ 168,000 |
| Grayson, Kentucky | 6 | $ 590,000 | $ 98,333 | $ 96,000 |
| Lincoln, Kentucky | 6 | $ 410,000 | $ 68,333 | $ 64,000 |
| Hamilton, Ohio | 6 | $ 660,000 | $ 110,000 | $ 126,000 |
| Clay, Kentucky | 5 | $ 395,000 | $ 79,000 | $ 312,000 |
| Russell, Kentucky | 5 | $ 435,000 | $ 87,000 | $ 92,000 |
| Fayette, Kentucky | 4 | $ 1,420,000 | $ 355,000 | $ 149,000 |
| Franklin, Kentucky | 4 | $ 1,760,000 | $ 440,000 | $ 62,000 |
| Washington, Indiana | 3 | $ 545,000 | $ 181,666 | $ 99,000 |
| Gallatin, Kentucky | 3 | $ 305,000 | $ 101,666 | $ 244,000 |
| Pendleton, Kentucky | 3 | $ 95,000 | $ 31,666 | $ 113,000 |
| Rockcastle, Kentucky | 3 | $ 295,000 | $ 98,333 | $ 60,000 |
| Trimble, Kentucky | 3 | $ 325,000 | $ 108,333 | $ 131,000 |
| Wayne, Kentucky | 3 | $ 165,000 | $ 55,000 | $ 98,000 |
| Campbell, Tennessee | 3 | $ 275,000 | $ 91,666 | $ 101,000 |
| Scott, Indiana | 2 | $ 170,000 | $ 85,000 | $ 78,000 |
| Adair, Kentucky | 2 | $ 250,000 | $ 125,000 | $ 68,000 |
| Clark, Kentucky | 2 | $ 420,000 | $ 210,000 | $ 72,000 |
| Edmonson, Kentucky | 2 | $ 210,000 | $ 105,000 | $ 128,000 |
| Leslie, Kentucky | 2 | $ 140,000 | $ 70,000 | $ 72,000 |
| Rowan, Kentucky | 2 | $ 320,000 | $ 160,000 | $ 80,000 |
| Warren, Kentucky | 2 | $ 660,000 | $ 330,000 | $ 118,000 |
| Clermont, Ohio | 2 | $ 130,000 | $ 65,000 | $ 1,551,000 |
| Dearborn, Indiana | 1 | $ 65,000 | $ 65,000 | $ 144,000 |
| Jefferson, Indiana | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Monroe, Indiana | 1 | $ 65,000 | $ 65,000 | $ 129,000 |
| Orange, Indiana | 1 | $ 155,000 | $ 155,000 | $ 146,000 |
| Posey, Indiana | 1 | $ 45,000 | $ 45,000 | $ 78,000 |
| Shelby, Indiana | 1 | $ 135,000 | $ 135,000 | $ 115,000 |
| St. Joseph, Indiana | 1 | $ 25,000 | $ 25,000 | $ 156,000 |
| Anderson, Kentucky | 1 | $ 75,000 | $ 75,000 | $ 106,000 |
| Bell, Kentucky | 1 | $ 65,000 | $ 65,000 | $ 34,000 |
| Casey, Kentucky | 1 | $ 75,000 | $ 75,000 | $ 36,000 |
| Cumberland, Kentucky | 1 | $ 455,000 | $ 455,000 | $ 86,000 |
| Jessamine, Kentucky | 1 | $ 355,000 | $ 355,000 | $ 210,000 |
| Larue, Kentucky | 1 | $ 115,000 | $ 115,000 | $ 48,000 |
| Marshall, Kentucky | 1 | $ 175,000 | $ 175,000 | $ 101,000 |
| Owsley, Kentucky | 1 | $ 35,000 | $ 35,000 | $ 32,000 |
| Perry, Kentucky | 1 | $ 15,000 | $ 15,000 | $ 95,000 |
| Powell, Kentucky | 1 | $ 85,000 | $ 85,000 | $ 71,000 |
| Simpson, Kentucky | 1 | $ 235,000 | $ 235,000 | $ 70,000 |
| Taylor, Kentucky | 1 | $ 65,000 | $ 65,000 | $ 38,000 |
| Washington, Kentucky | 1 | $ 65,000 | $ 65,000 | $ 112,000 |
| Woodford, Kentucky | 1 | $ 465,000 | $ 465,000 | $ 222,000 |
| Bergen, New Jersey | 1 | $ 885,000 | $ 885,000 | $ 3,350,000 |
| Franklin, Ohio | 1 | $ 205,000 | $ 205,000 | $ 284,000 |
| Davidson, Tennessee | 1 | $ 145,000 | $ 145,000 | $ 173,000 |
| Fayette, Tennessee | 1 | $ 75,000 | $ 75,000 | $ 131,000 |
| Hamilton, Tennessee | 1 | $ 155,000 | $ 155,000 | $ 50,000 |
| Rutherford, Tennessee | 1 | $ 125,000 | $ 125,000 | $ 105,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2023
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 | 830 | $83,990,000 | $101,000 | $19,705,000 | $150,000 | $9,932,000 |
| Home Purchase | 460 | $103,680,000 | $225,000 | $1,445,000 | $142,000 | $3,350,000 |
| Home Improvement | 275 | $19,085,000 | $69,000 | $305,000 | $168,000 | $6,500,000 |
| Cash-out Refinancing | 136 | $25,790,000 | $189,000 | $3,505,000 | $113,000 | $1,226,000 |
| Other Purpose | 1 | $575,000 | $575,000 | $575,000 | $216,000 | $216,000 |
| 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 | 1,471 | $166,775,000 | $113,000 | $1,245,000 | $144,000 | $9,932,000 |
| Black or African American | 110 | $13,900,000 | $126,000 | $885,000 | $188,000 | $4,488,000 |
| Not Provided | 63 | $12,585,000 | $199,000 | $1,315,000 | $186,000 | $2,736,000 |
| Not applicable | 23 | $32,735,000 | $1,423,000 | $19,705,000 | $0 | $0 |
| Hispanic | 23 | $3,855,000 | $167,000 | $525,000 | $107,000 | $226,000 |
| Asian | 5 | $1,215,000 | $243,000 | $415,000 | $128,000 | $201,000 |
| American Indian or Alaskan Native | 4 | $830,000 | $207,000 | $565,000 | $373,000 | $761,000 |
| 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) | 1,702 | $233,120,000 | $136,000 | $19,705,000 | $148,000 | $9,932,000 |
| 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 | 1,306 | $176,790,000 | $135,000 | $19,705,000 | $128,000 | $7,436,000 |
| Application Withdrawn By Applicant | 278 | $44,870,000 | $161,000 | $655,000 | $252,000 | $9,932,000 |
| Application Denied By Financial Institution | 91 | $8,055,000 | $88,000 | $1,005,000 | $118,000 | $4,030,000 |
| File Closed For Incompleteness | 27 | $3,405,000 | $126,000 | $315,000 | $167,000 | $851,000 |
| 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 | 1,611 | $225,065,000 | $139,000 | $19,705,000 | $150,000 | $9,932,000 |
| Credit History | 43 | $2,355,000 | $54,000 | $205,000 | $68,000 | $213,000 |
| Debt-To-Income Ratio | 26 | $1,690,000 | $65,000 | $365,000 | $210,000 | $4,030,000 |
| Collateral | 15 | $1,665,000 | $111,000 | $405,000 | $78,000 | $225,000 |
| Other | 6 | $2,300,000 | $383,000 | $1,005,000 | $202,000 | $322,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 |
| 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 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into L&N Federal Credit Union's 2023 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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