L&N Federal Credit Union Mortgage Lending & HMDA Data, 2010
In 2010, L&N Federal Credit Union of Louisville, KY reported 1,250 mortgage applications totaling $144.0 million, down 9% from 2009. The average application was for $115,164, and applicants reported an average income of $68,728. 76% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Louisville-Jefferson County, KY-IN (573), Cincinnati-Middletown, OH-KY-IN (75) and Elizabethtown, KY (3) (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 | 1,250 |
| Total Mortgage Loan Application Amount | $143,956,000 |
| Average Mortgage Loan Application Amount | $115,164 |
| Highest Mortgage Loan Application Amount | $750,000 |
| Average Applicant Income | $68,728 |
| Highest Applicant Income | $561,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for L&N Federal Credit Union in 2010
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 | 936 | $110,481,000 | $118,000 | $750,000 | $72,000 | $561,000 |
| Home Purchase | 297 | $31,873,000 | $107,000 | $542,000 | $58,000 | $212,000 |
| Home Improvement | 17 | $1,602,000 | $94,000 | $202,000 | $76,000 | $141,000 |
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 | 1,179 | $136,314,000 | $115,000 | $750,000 | $69,000 | $561,000 |
| Black or African American | 47 | $5,332,000 | $113,000 | $240,000 | $59,000 | $229,000 |
| Hispanic | 11 | $1,088,000 | $98,000 | $196,000 | $78,000 | $149,000 |
| Asian | 8 | $941,000 | $117,000 | $300,000 | $49,000 | $129,000 |
| Not Provided | 3 | $141,000 | $47,000 | $62,000 | $47,000 | $69,000 |
| American Indian or Alaskan Native | 1 | $70,000 | $70,000 | $70,000 | $27,000 | $27,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $70,000 | $70,000 | $70,000 | $22,000 | $22,000 |
| 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) | 1,250 | $143,956,000 | $115,000 | $750,000 | $69,000 | $561,000 |
| 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 | 945 | $108,700,000 | $115,000 | $750,000 | $73,000 | $561,000 |
| Application Denied By Financial Institution | 226 | $24,736,000 | $109,000 | $586,000 | $52,000 | $255,000 |
| Application Withdrawn By Applicant | 62 | $7,390,000 | $119,000 | $335,000 | $70,000 | $200,000 |
| File Closed For Incompleteness | 14 | $2,219,000 | $158,000 | $542,000 | $47,000 | $82,000 |
| Application Approved But Not Accepted | 2 | $771,000 | $385,000 | $662,000 | $260,000 | $461,000 |
| Preapproval Denied by Financial Institution | 1 | $140,000 | $140,000 | $140,000 | $30,000 | $30,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 91 | $8,744,000 | $96,000 | $417,000 | $56,000 | $255,000 |
| Debt-To-Income Ratio | 89 | $10,239,000 | $115,000 | $389,000 | $42,000 | $119,000 |
| Collateral | 14 | $1,361,000 | $97,000 | $200,000 | $59,000 | $141,000 |
| Employment History | 10 | $1,244,000 | $124,000 | $328,000 | $54,000 | $108,000 |
| Other | 5 | $685,000 | $137,000 | $315,000 | $57,000 | $96,000 |
| Mortgage Insurance Denied | 4 | $472,000 | $118,000 | $200,000 | $65,000 | $76,000 |
| Unverifiable Information | 2 | $651,000 | $325,000 | $586,000 | $134,000 | $225,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $281,000 | $140,000 | $143,000 | $42,000 | $47,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into L&N Federal Credit Union's 2010 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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