L&N Federal Credit Union Mortgage Lending & HMDA Data, 2019
In 2019, L&N Federal Credit Union of Louisville, KY reported 1,425 mortgage applications totaling $229.8 million, up 31% from 2018. The average application was for $161,294, and applicants reported an average income of $89,524. 85% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (811), Cincinnati, OH-KY-IN (94) and Elizabethtown-Fort Knox, KY (15) (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 | 1,425 |
| Total Mortgage Loan Application Amount | $229,845,000 |
| Average Mortgage Loan Application Amount | $161,294 |
| Highest Mortgage Loan Application Amount | $2,055,000 |
| Average Applicant Income | $89,524 |
| Highest Applicant Income | $1,660,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 811 | $ 145,665,000 | $ 179,611 | $ 94,630 |
| Outside any metro area | 484 | $ 62,980,000 | $ 130,123 | $ 77,037 |
| Cincinnati, OH-KY-IN | 94 | $ 12,850,000 | $ 136,702 | $ 86,319 |
| Elizabethtown-Fort Knox, KY | 15 | $ 2,175,000 | $ 145,000 | $ 77,000 |
| Lexington-Fayette, KY | 10 | $ 2,520,000 | $ 252,000 | $ 117,000 |
| Bowling Green, KY | 2 | $ 590,000 | $ 295,000 | $ 412,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 480,000 | $ 240,000 | $ 66,000 |
| Bloomington, IN | 1 | $ 125,000 | $ 125,000 | $ 74,000 |
| Cleveland-Elyria, OH | 1 | $ 35,000 | $ 35,000 | $ 160,000 |
| Columbus, OH | 1 | $ 175,000 | $ 175,000 | $ 101,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 365,000 | $ 365,000 | $ 200,000 |
| Evansville, IN-KY | 1 | $ 175,000 | $ 175,000 | $ 46,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 1,525,000 | $ 1,525,000 | $ 1,660,000 |
| Knoxville, TN | 1 | $ 185,000 | $ 185,000 | $ 101,000 |
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2019
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 | 584 | $96,600,000 | $165,000 | $2,055,000 | $87,000 | $1,660,000 |
| Cash-out Refinancing | 554 | $84,560,000 | $152,000 | $805,000 | $85,000 | $557,000 |
| Refinancing | 262 | $40,260,000 | $153,000 | $2,005,000 | $98,000 | $900,000 |
| Other Purpose | 24 | $8,160,000 | $340,000 | $585,000 | $161,000 | $525,000 |
| Home Improvement | 1 | $265,000 | $265,000 | $265,000 | $135,000 | $135,000 |
| 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 | 1,255 | $197,145,000 | $157,000 | $1,525,000 | $86,000 | $1,660,000 |
| Black or African American | 85 | $11,745,000 | $138,000 | $485,000 | $75,000 | $212,000 |
| Not Provided | 60 | $16,970,000 | $282,000 | $2,055,000 | $189,000 | $900,000 |
| Hispanic | 13 | $1,935,000 | $148,000 | $365,000 | $81,000 | $188,000 |
| American Indian or Alaskan Native | 5 | $615,000 | $123,000 | $165,000 | $71,000 | $125,000 |
| Asian | 5 | $1,045,000 | $209,000 | $425,000 | $93,000 | $159,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $165,000 | $165,000 | $165,000 | $63,000 | $63,000 |
| 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) | 1,425 | $229,845,000 | $161,000 | $2,055,000 | $90,000 | $1,660,000 |
| 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 | 1,208 | $197,880,000 | $163,000 | $2,055,000 | $93,000 | $1,660,000 |
| Application Withdrawn By Applicant | 141 | $22,325,000 | $158,000 | $485,000 | $82,000 | $283,000 |
| Application Denied By Financial Institution | 76 | $9,640,000 | $126,000 | $485,000 | $56,000 | $249,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 1,349 | $220,205,000 | $163,000 | $2,055,000 | $91,000 | $1,660,000 |
| Debt-To-Income Ratio | 34 | $5,340,000 | $157,000 | $485,000 | $50,000 | $249,000 |
| Credit History | 30 | $3,440,000 | $114,000 | $285,000 | $63,000 | $193,000 |
| Collateral | 8 | $600,000 | $75,000 | $125,000 | $65,000 | $146,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $190,000 | $95,000 | $145,000 | $49,000 | $51,000 |
| Other | 1 | $15,000 | $15,000 | $15,000 | $26,000 | $26,000 |
| Employment History | 1 | $55,000 | $55,000 | $55,000 | $26,000 | $26,000 |
| 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 2019 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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