Members Heritage CU Mortgage Lending & HMDA Data, 2021
In 2021, Members Heritage CU of Lexington, KY reported 381 mortgage applications totaling $48.3 million, up 127% from 2020. The average application was for $126,784, and applicants reported an average income of $91,774. 83% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Lexington-Fayette, KY (272), Louisville/Jefferson County, KY-IN (9) and Cincinnati, OH-KY-IN (6) (applications in parentheses).
| Mortgage Company & Address | Members Heritage CU 440 Park Place Lexington, KY 40511 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 381 |
| Total Mortgage Loan Application Amount | $48,305,000 |
| Average Mortgage Loan Application Amount | $126,784 |
| Highest Mortgage Loan Application Amount | $695,000 |
| Average Applicant Income | $91,774 |
| Highest Applicant Income | $985,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Members Heritage CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Members Heritage CU in 2021
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 Improvement | 139 | $12,355,000 | $88,000 | $485,000 | $106,000 | $985,000 |
| Refinancing | 78 | $11,680,000 | $149,000 | $545,000 | $87,000 | $280,000 |
| Home Purchase | 69 | $13,255,000 | $192,000 | $395,000 | $79,000 | $300,000 |
| Cash-out Refinancing | 60 | $9,260,000 | $154,000 | $695,000 | $79,000 | $183,000 |
| Other Purpose | 35 | $1,755,000 | $50,000 | $215,000 | $93,000 | $219,000 |
| 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 | 317 | $40,715,000 | $128,000 | $695,000 | $95,000 | $985,000 |
| Black or African American | 44 | $5,450,000 | $123,000 | $345,000 | $67,000 | $143,000 |
| Not Provided | 11 | $975,000 | $88,000 | $165,000 | $102,000 | $184,000 |
| Hispanic | 4 | $430,000 | $107,000 | $175,000 | $55,000 | $86,000 |
| Asian | 2 | $460,000 | $230,000 | $355,000 | $131,000 | $200,000 |
| American Indian or Alaskan Native | 1 | $195,000 | $195,000 | $195,000 | $60,000 | $60,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $55,000 | $55,000 | $55,000 | $151,000 | $151,000 |
| 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) | 381 | $48,305,000 | $126,000 | $695,000 | $92,000 | $985,000 |
| 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 | 318 | $40,070,000 | $126,000 | $695,000 | $95,000 | $985,000 |
| Application Withdrawn By Applicant | 34 | $4,730,000 | $139,000 | $385,000 | $76,000 | $200,000 |
| Application Denied By Financial Institution | 13 | $1,675,000 | $128,000 | $525,000 | $73,000 | $280,000 |
| Application Approved But Not Accepted | 11 | $955,000 | $86,000 | $215,000 | $95,000 | $170,000 |
| File Closed For Incompleteness | 5 | $875,000 | $175,000 | $285,000 | $77,000 | $132,000 |
| 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 | 368 | $46,630,000 | $126,000 | $695,000 | $93,000 | $985,000 |
| Credit History | 6 | $510,000 | $85,000 | $165,000 | $54,000 | $90,000 |
| Collateral | 4 | $460,000 | $115,000 | $205,000 | $77,000 | $129,000 |
| Other | 1 | $65,000 | $65,000 | $65,000 | $43,000 | $43,000 |
| Unverifiable Information | 1 | $115,000 | $115,000 | $115,000 | $0 | $0 |
| Employment History | 1 | $525,000 | $525,000 | $525,000 | $280,000 | $280,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Members Heritage CU's 2021 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 Members Heritage CU'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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