L&N Federal Credit Union Mortgage Lending & HMDA Data, 2005
In 2005, L&N Federal Credit Union of Louisville, KY reported 669 mortgage applications totaling $64.4 million, down 13% from 2004. The average application was for $96,219, and applicants reported an average income of $54,143. 74% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Louisville, KY-IN (315), Cincinnati-Middletown, OH-KY-IN (1) and Lexington-Fayette, KY (1) (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 | 669 |
| Total Mortgage Loan Application Amount | $64,371,000 |
| Average Mortgage Loan Application Amount | $96,219 |
| Highest Mortgage Loan Application Amount | $563,000 |
| Average Applicant Income | $54,143 |
| Highest Applicant Income | $236,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Louisville, KY-IN | 315 | $ 31,814,000 | $ 100,996 | $ 51,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 115,000 | $ 115,000 | $ 38,000 |
| Lexington-Fayette, KY | 1 | $ 120,000 | $ 120,000 | $ 56,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 100,000 | $ 100,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2005
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 | 426 | $39,296,000 | $94,800 | $563,000 | $56,800 | $177,000 |
| Home Purchase | 239 | $24,939,000 | $118,333 | $322,000 | $77,000 | $236,000 |
| Home Improvement | 4 | $136,000 | $34,000 | $54,000 | $66,000 | $86,000 |
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 | 614 | $60,045,000 | $105,500 | $563,000 | $64,333 | $236,000 |
| Black or African American | 38 | $2,931,000 | $95,333 | $193,000 | $46,000 | $120,000 |
| Hispanic | 10 | $700,000 | $96,500 | $147,000 | $68,000 | $91,000 |
| Asian | 4 | $364,000 | $91,000 | $153,000 | $59,000 | $125,000 |
| American Indian or Alaskan Native | 2 | $163,000 | $81,500 | $83,000 | $53,000 | $63,000 |
| Not Provided | 1 | $168,000 | $168,000 | $168,000 | $93,000 | $93,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 669 | $64,371,000 | $105,500 | $563,000 | $64,166 | $236,000 |
| 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 | 495 | $48,809,000 | $119,200 | $563,000 | $89,800 | $236,000 |
| Application Denied By Financial Institution | 149 | $13,370,000 | $97,800 | $265,000 | $44,200 | $163,000 |
| Application Withdrawn By Applicant | 16 | $1,382,000 | $117,500 | $200,000 | $59,000 | $105,000 |
| Application Approved But Not Accepted | 7 | $599,000 | $85,000 | $102,000 | $33,000 | $60,000 |
| Preapproval Approved but not Accepted | 1 | $115,000 | $115,000 | $115,000 | $48,000 | $48,000 |
| File Closed For Incompleteness | 1 | $96,000 | $96,000 | $96,000 | $75,000 | $75,000 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Credit History | 76 | $7,071,000 | $103,800 | $265,000 | $52,400 | $163,000 |
| Debt-To-Income Ratio | 51 | $4,628,000 | $83,250 | $185,000 | $30,250 | $70,000 |
| Collateral | 7 | $387,000 | $52,500 | $145,000 | $45,000 | $102,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $512,000 | $85,000 | $125,000 | $46,333 | $63,000 |
| Other | 3 | $283,000 | $94,000 | $133,000 | $61,000 | $88,000 |
| Employment History | 2 | $267,000 | $133,000 | $193,000 | $47,000 | $61,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2005 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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