L&N Federal Credit Union Mortgage Lending & HMDA Data, 2016
In 2016, L&N Federal Credit Union of Louisville, KY reported 1,743 mortgage applications totaling $258.0 million, up 6% from 2015. The average application was for $148,027, and applicants reported an average income of $83,142. 59% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (601), Cincinnati, OH-KY-IN (89) and Lexington-Fayette, KY (9) (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 | 1,743 |
| Total Mortgage Loan Application Amount | $258,012,000 |
| Average Mortgage Loan Application Amount | $148,027 |
| Highest Mortgage Loan Application Amount | $1,865,000 |
| Average Applicant Income | $83,142 |
| Highest Applicant Income | $905,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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/Jefferson County, KY-IN | 601 | $ 101,185,000 | $ 168,361 | $ 106,485 |
| Cincinnati, OH-KY-IN | 89 | $ 12,736,000 | $ 143,101 | $ 77,224 |
| Lexington-Fayette, KY | 9 | $ 3,179,000 | $ 353,222 | $ 122,000 |
| Elizabethtown-Fort Knox, KY | 8 | $ 1,126,000 | $ 140,750 | $ 66,000 |
| Knoxville, TN | 7 | $ 546,000 | $ 78,000 | $ 54,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 5 | $ 881,000 | $ 176,200 | $ 187,000 |
| Indianapolis-Carmel-Anderson, IN | 3 | $ 186,000 | $ 62,000 | $ 188,000 |
| Johnson City, TN | 2 | $ 193,000 | $ 96,500 | $ 51,000 |
| Bloomington, IN | 1 | $ 85,000 | $ 85,000 | $ 61,000 |
| Bowling Green, KY | 1 | $ 142,000 | $ 142,000 | $ 110,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 60,000 | $ 60,000 | $ 143,000 |
| Columbus, OH | 1 | $ 361,000 | $ 361,000 | $ 253,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 190,000 | $ 190,000 | $ 285,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 278,000 | $ 278,000 | $ 162,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 193,000 | $ 193,000 | $ 114,000 |
| Sebastian-Vero Beach, FL | 1 | $ 100,000 | $ 100,000 | $ 23,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2016
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 960 | $140,115,000 | $145,000 | $640,000 | $75,000 | $606,000 |
| Refinancing | 685 | $102,641,000 | $149,000 | $1,865,000 | $93,000 | $730,000 |
| Home Improvement | 98 | $15,256,000 | $155,000 | $1,600,000 | $94,000 | $905,000 |
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 | 1,520 | $222,555,000 | $146,000 | $1,600,000 | $83,000 | $905,000 |
| Black or African American | 102 | $13,611,000 | $133,000 | $457,000 | $64,000 | $287,000 |
| Not Provided | 70 | $13,870,000 | $198,000 | $1,865,000 | $126,000 | $730,000 |
| Hispanic | 25 | $3,067,000 | $122,000 | $250,000 | $57,000 | $132,000 |
| Asian | 18 | $3,709,000 | $206,000 | $417,000 | $101,000 | $358,000 |
| American Indian or Alaskan Native | 5 | $501,000 | $100,000 | $140,000 | $97,000 | $323,000 |
| Native Hawaiin or Other Pacific Islander | 3 | $699,000 | $233,000 | $350,000 | $109,000 | $198,000 |
| 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) | 1,743 | $258,012,000 | $148,000 | $1,865,000 | $83,000 | $905,000 |
| 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 | 1,021 | $155,159,000 | $151,000 | $1,865,000 | $95,000 | $905,000 |
| Application Withdrawn By Applicant | 435 | $66,059,000 | $151,000 | $640,000 | $73,000 | $295,000 |
| Application Denied By Financial Institution | 236 | $30,114,000 | $127,000 | $434,000 | $55,000 | $358,000 |
| File Closed For Incompleteness | 51 | $6,680,000 | $130,000 | $417,000 | $69,000 | $146,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 83 | $12,086,000 | $145,000 | $434,000 | $47,000 | $358,000 |
| Credit History | 78 | $8,602,000 | $110,000 | $335,000 | $63,000 | $221,000 |
| Employment History | 14 | $1,822,000 | $130,000 | $249,000 | $40,000 | $92,000 |
| Collateral | 9 | $919,000 | $102,000 | $193,000 | $78,000 | $174,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $852,000 | $121,000 | $246,000 | $48,000 | $75,000 |
| Other | 3 | $595,000 | $198,000 | $350,000 | $55,000 | $95,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 2016 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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