L&N Federal Credit Union Mortgage Lending & HMDA Data, 2020
In 2020, L&N Federal Credit Union of Louisville, KY reported 2,881 mortgage applications totaling $489.6 million, up 102% from 2019. The average application was for $169,928, and applicants reported an average income of $94,804. 89% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (1,698), Cincinnati, OH-KY-IN (211) and Elizabethtown-Fort Knox, KY (25) (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 | 2,881 |
| Total Mortgage Loan Application Amount | $489,565,000 |
| Average Mortgage Loan Application Amount | $169,928 |
| Highest Mortgage Loan Application Amount | $3,425,000 |
| Average Applicant Income | $94,804 |
| Highest Applicant Income | $1,361,000 |
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(HMDA) records L&N Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2020
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 1,058 | $168,000,000 | $158,000 | $1,805,000 | $89,000 | $481,000 |
| Refinancing | 1,003 | $171,675,000 | $171,000 | $3,425,000 | $107,000 | $1,361,000 |
| Home Purchase | 745 | $131,585,000 | $176,000 | $1,775,000 | $85,000 | $903,000 |
| Home Improvement | 37 | $7,805,000 | $210,000 | $895,000 | $107,000 | $378,000 |
| Other Purpose | 33 | $8,185,000 | $248,000 | $515,000 | $115,000 | $281,000 |
| Not Applicable | 5 | $2,315,000 | $463,000 | $1,125,000 | $114,000 | $114,000 |
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 | 2,518 | $421,620,000 | $167,000 | $2,105,000 | $95,000 | $1,361,000 |
| Not Provided | 139 | $26,075,000 | $187,000 | $1,805,000 | $103,000 | $903,000 |
| Black or African American | 131 | $18,575,000 | $141,000 | $435,000 | $78,000 | $368,000 |
| Hispanic | 34 | $5,320,000 | $156,000 | $365,000 | $81,000 | $205,000 |
| Not applicable | 31 | $13,715,000 | $442,000 | $3,425,000 | $0 | $0 |
| Asian | 17 | $2,645,000 | $155,000 | $255,000 | $72,000 | $126,000 |
| American Indian or Alaskan Native | 4 | $560,000 | $140,000 | $215,000 | $83,000 | $100,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 2,881 | $489,565,000 | $169,000 | $3,425,000 | $94,000 | $1,361,000 |
| 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 | 2,558 | $438,250,000 | $171,000 | $3,425,000 | $94,000 | $1,108,000 |
| Application Withdrawn By Applicant | 227 | $37,445,000 | $164,000 | $1,935,000 | $100,000 | $1,361,000 |
| Application Denied By Financial Institution | 93 | $13,565,000 | $145,000 | $475,000 | $82,000 | $903,000 |
| File Closed For Incompleteness | 3 | $305,000 | $101,000 | $155,000 | $65,000 | $86,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,788 | $476,000,000 | $170,000 | $3,425,000 | $95,000 | $1,361,000 |
| Debt-To-Income Ratio | 37 | $6,265,000 | $169,000 | $475,000 | $104,000 | $903,000 |
| Credit History | 34 | $4,950,000 | $145,000 | $355,000 | $70,000 | $142,000 |
| Collateral | 15 | $1,265,000 | $84,000 | $255,000 | $50,000 | $98,000 |
| Employment History | 3 | $425,000 | $141,000 | $215,000 | $154,000 | $243,000 |
| Other | 2 | $320,000 | $160,000 | $165,000 | $95,000 | $95,000 |
| Unverifiable Information | 1 | $185,000 | $185,000 | $185,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $155,000 | $155,000 | $155,000 | $0 | $0 |
| Mortgage Insurance Denied | 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 2020 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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