L&N Federal Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, L&N Federal Credit Union of Louisville, KY reported 1,703 mortgage applications totaling $233.3 million, about the same as 2023. The average application was for $137,008, and applicants reported an average income of $120,048. 76% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (1,047), Cincinnati, OH-KY-IN (146) 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 | 1,703 |
| Total Mortgage Loan Application Amount | $233,325,000 |
| Average Mortgage Loan Application Amount | $137,008 |
| Highest Mortgage Loan Application Amount | $8,445,000 |
| Average Applicant Income | $120,048 |
| Highest Applicant Income | $9,956,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 647 | $ 86,215,000 | $ 133,253 | $ 112,000 |
| Laurel, Kentucky | 178 | $ 23,340,000 | $ 131,123 | $ 102,000 |
| Bullitt, Kentucky | 141 | $ 18,125,000 | $ 128,546 | $ 123,000 |
| Pulaski, Kentucky | 89 | $ 9,455,000 | $ 106,235 | $ 86,000 |
| Whitley, Kentucky | 87 | $ 9,195,000 | $ 105,689 | $ 90,000 |
| Oldham, Kentucky | 73 | $ 13,685,000 | $ 187,465 | $ 180,000 |
| Kenton, Kentucky | 62 | $ 8,290,000 | $ 133,709 | $ 92,000 |
| Clark, Indiana | 56 | $ 6,410,000 | $ 114,464 | $ 136,000 |
| Floyd, Indiana | 46 | $ 11,410,000 | $ 248,043 | $ 181,000 |
| Boone, Kentucky | 41 | $ 6,255,000 | $ 152,560 | $ 109,000 |
| Knox, Kentucky | 36 | $ 3,140,000 | $ 87,222 | $ 80,000 |
| Nelson, Kentucky | 20 | $ 1,950,000 | $ 97,500 | $ 71,000 |
| Spencer, Kentucky | 18 | $ 1,800,000 | $ 100,000 | $ 98,000 |
| Campbell, Kentucky | 17 | $ 2,435,000 | $ 143,235 | $ 108,000 |
| Shelby, Kentucky | 17 | $ 2,945,000 | $ 173,235 | $ 175,000 |
| Hardin, Kentucky | 13 | $ 1,905,000 | $ 146,538 | $ 111,000 |
| Grant, Kentucky | 9 | $ 935,000 | $ 103,888 | $ 106,000 |
| Henry, Kentucky | 9 | $ 775,000 | $ 86,111 | $ 132,000 |
| Harrison, Indiana | 8 | $ 1,210,000 | $ 151,250 | $ 134,000 |
| Meade, Kentucky | 8 | $ 1,180,000 | $ 147,500 | $ 99,000 |
| Jackson, Kentucky | 7 | $ 445,000 | $ 63,571 | $ 77,000 |
| Pendleton, Kentucky | 7 | $ 1,045,000 | $ 149,285 | $ 94,000 |
| Madison, Kentucky | 6 | $ 1,140,000 | $ 190,000 | $ 109,000 |
| McCreary, Kentucky | 6 | $ 580,000 | $ 96,666 | $ 84,000 |
| Rockcastle, Kentucky | 5 | $ 595,000 | $ 119,000 | $ 97,000 |
| Washington, Indiana | 4 | $ 420,000 | $ 105,000 | $ 66,000 |
| Fayette, Kentucky | 4 | $ 1,010,000 | $ 252,500 | $ 146,000 |
| Grayson, Kentucky | 4 | $ 700,000 | $ 175,000 | $ 115,000 |
| Lincoln, Kentucky | 4 | $ 120,000 | $ 30,000 | $ 52,000 |
| Wayne, Kentucky | 4 | $ 370,000 | $ 92,500 | $ 79,000 |
| Hamilton, Ohio | 4 | $ 560,000 | $ 140,000 | $ 143,000 |
| Bell, Kentucky | 3 | $ 265,000 | $ 88,333 | $ 73,000 |
| Breckinridge, Kentucky | 3 | $ 865,000 | $ 288,333 | $ 168,000 |
| Christian, Kentucky | 3 | $ 2,145,000 | $ 715,000 | $ 0 |
| Gallatin, Kentucky | 3 | $ 195,000 | $ 65,000 | $ 38,000 |
| Harlan, Kentucky | 3 | $ 225,000 | $ 75,000 | $ 101,000 |
| Trimble, Kentucky | 3 | $ 425,000 | $ 141,666 | $ 97,000 |
| Butler, Ohio | 3 | $ 155,000 | $ 51,666 | $ 98,000 |
| Crawford, Indiana | 2 | $ 90,000 | $ 45,000 | $ 87,000 |
| Marion, Indiana | 2 | $ 240,000 | $ 120,000 | $ 61,000 |
| Adair, Kentucky | 2 | $ 110,000 | $ 55,000 | $ 60,000 |
| Clay, Kentucky | 2 | $ 140,000 | $ 70,000 | $ 74,000 |
| Edmonson, Kentucky | 2 | $ 360,000 | $ 180,000 | $ 126,000 |
| Franklin, Kentucky | 2 | $ 280,000 | $ 140,000 | $ 57,000 |
| Jessamine, Kentucky | 2 | $ 900,000 | $ 450,000 | $ 157,000 |
| Russell, Kentucky | 2 | $ 210,000 | $ 105,000 | $ 137,000 |
| Taylor, Kentucky | 2 | $ 300,000 | $ 150,000 | $ 151,000 |
| Warren, Kentucky | 2 | $ 330,000 | $ 165,000 | $ 136,000 |
| Washington, Kentucky | 2 | $ 180,000 | $ 90,000 | $ 63,000 |
| Montgomery, Ohio | 2 | $ 100,000 | $ 50,000 | $ 83,000 |
| Beaufort, South Carolina | 2 | $ 710,000 | $ 355,000 | $ 267,000 |
| Davidson, Tennessee | 2 | $ 90,000 | $ 45,000 | $ 378,000 |
| Palm Beach, Florida | 1 | $ 1,205,000 | $ 1,205,000 | $ 9,956,000 |
| Walton, Florida | 1 | $ 2,805,000 | $ 2,805,000 | $ 904,000 |
| Jefferson, Indiana | 1 | $ 165,000 | $ 165,000 | $ 114,000 |
| Johnson, Indiana | 1 | $ 175,000 | $ 175,000 | $ 62,000 |
| Scott, Indiana | 1 | $ 175,000 | $ 175,000 | $ 76,000 |
| Barren, Kentucky | 1 | $ 55,000 | $ 55,000 | $ 24,000 |
| Bourbon, Kentucky | 1 | $ 175,000 | $ 175,000 | $ 59,000 |
| Breathitt, Kentucky | 1 | $ 175,000 | $ 175,000 | $ 155,000 |
| Casey, Kentucky | 1 | $ 25,000 | $ 25,000 | $ 96,000 |
| Garrard, Kentucky | 1 | $ 145,000 | $ 145,000 | $ 37,000 |
| Greenup, Kentucky | 1 | $ 25,000 | $ 25,000 | $ 39,000 |
| Hart, Kentucky | 1 | $ 195,000 | $ 195,000 | $ 196,000 |
| Larue, Kentucky | 1 | $ 95,000 | $ 95,000 | $ 59,000 |
| Leslie, Kentucky | 1 | $ 145,000 | $ 145,000 | $ 43,000 |
| Monroe, Kentucky | 1 | $ 65,000 | $ 65,000 | $ 21,000 |
| Montgomery, Kentucky | 1 | $ 75,000 | $ 75,000 | $ 95,000 |
| Owsley, Kentucky | 1 | $ 215,000 | $ 215,000 | $ 984,000 |
| Perry, Kentucky | 1 | $ 45,000 | $ 45,000 | $ 104,000 |
| Scott, Kentucky | 1 | $ 365,000 | $ 365,000 | $ 112,000 |
| Trigg, Kentucky | 1 | $ 135,000 | $ 135,000 | $ 112,000 |
| Franklin, Ohio | 1 | $ 105,000 | $ 105,000 | $ 137,000 |
| Anderson, Tennessee | 1 | $ 295,000 | $ 295,000 | $ 137,000 |
| Campbell, Tennessee | 1 | $ 65,000 | $ 65,000 | $ 85,000 |
| Loudon, Tennessee | 1 | $ 445,000 | $ 445,000 | $ 143,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2024
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 490 | $33,050,000 | $67,000 | $1,105,000 | $98,000 | $2,220,000 |
| Home Purchase | 409 | $107,655,000 | $263,000 | $8,445,000 | $168,000 | $9,956,000 |
| Cash-out Refinancing | 329 | $35,965,000 | $109,000 | $1,005,000 | $108,000 | $1,578,000 |
| Refinancing | 256 | $37,710,000 | $147,000 | $2,805,000 | $114,000 | $1,656,000 |
| Home Improvement | 219 | $18,945,000 | $86,000 | $585,000 | $105,000 | $559,000 |
| 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 | 1,461 | $184,915,000 | $126,000 | $2,805,000 | $120,000 | $9,956,000 |
| Black or African American | 132 | $14,800,000 | $112,000 | $755,000 | $96,000 | $702,000 |
| Hispanic | 36 | $4,960,000 | $137,000 | $355,000 | $120,000 | $1,140,000 |
| Not Provided | 36 | $15,160,000 | $421,000 | $8,445,000 | $165,000 | $912,000 |
| Not applicable | 21 | $10,765,000 | $512,000 | $2,555,000 | $0 | $0 |
| Asian | 14 | $2,260,000 | $161,000 | $455,000 | $190,000 | $1,144,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $140,000 | $70,000 | $75,000 | $154,000 | $244,000 |
| American Indian or Alaskan Native | 1 | $325,000 | $325,000 | $325,000 | $160,000 | $160,000 |
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) | 1,703 | $233,325,000 | $137,000 | $8,445,000 | $120,000 | $9,956,000 |
| 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 | 1,294 | $168,820,000 | $130,000 | $2,805,000 | $113,000 | $2,312,000 |
| Application Withdrawn By Applicant | 157 | $25,625,000 | $163,000 | $765,000 | $138,000 | $1,656,000 |
| Application Denied By Financial Institution | 134 | $20,710,000 | $154,000 | $8,445,000 | $75,000 | $330,000 |
| Application Approved But Not Accepted | 86 | $15,240,000 | $177,000 | $1,205,000 | $222,000 | $9,956,000 |
| File Closed For Incompleteness | 32 | $2,930,000 | $91,000 | $275,000 | $195,000 | $1,524,000 |
| 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 | 1,569 | $212,615,000 | $135,000 | $2,805,000 | $124,000 | $9,956,000 |
| Credit History | 74 | $6,280,000 | $84,000 | $575,000 | $85,000 | $330,000 |
| Debt-To-Income Ratio | 36 | $3,440,000 | $95,000 | $385,000 | $60,000 | $130,000 |
| Collateral | 19 | $2,045,000 | $107,000 | $265,000 | $68,000 | $137,000 |
| Other | 3 | $8,845,000 | $2,948,000 | $8,445,000 | $0 | $0 |
| Employment History | 2 | $100,000 | $50,000 | $85,000 | $28,000 | $57,000 |
| 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 2024 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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