Wolfe County, KY Mortgage Lenders & HMDA Data, 2008
In 2008, lenders reported 270 mortgage applications in Wolfe County, KY totaling $14.9 million, down 31% from 2007. The average application was for $55,000, and applicants reported an average income of $44,000. 49% of applications resulted in an originated loan and 33% were denied. The most active lender was Whitaker Bank Inc, with 145 applications, followed by Peoples Exchange Bank and Beneficial Company LLC.
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| 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 | 270 |
| Total Mortgage Loan Application Amount | $14,919,000 |
| Average Mortgage Loan Application Amount | $55,000 |
| Highest Mortgage Loan Application Amount | $403,000 |
| Average Applicant Income | $44,000 |
| Highest Applicant Income | $278,000 |
Top Mortgage Lenders in Wolfe County, KY (2008)
Ranked by the number of mortgage applications each lender reported in Wolfe County, KY in 2008.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Whitaker Bank Inc Lexington, KY |
145 | $5,220,000 | $36,000 | $43,000 |
| 2 | Peoples Exchange Bank Winchester, KY |
12 | $527,000 | $43,000 | $56,000 |
| 3 | Beneficial Company LLC Mettawa, IL |
11 | $1,033,000 | $93,000 | $59,000 |
| 4 | Embrace Home Loans, Inc. Middletown, RI |
9 | $867,000 | $96,000 | $47,000 |
| 5 | Citifinancial Services, Inc. Baltimore, MD |
8 | $286,000 | $35,000 | $22,000 |
| 6 | Citizens Nb of Paintsville Paintsville, KY |
7 | $613,000 | $87,000 | $74,000 |
| 7 | Countrywide Bank FSB Westlake Village, CA |
6 | $571,000 | $95,000 | $65,000 |
| 8 | US Bank, N.A. Milwaukee, WI |
5 | $580,000 | $116,000 | $3,000 |
| 9 | Origen Financial Services LLC Southfield, MI |
5 | $156,000 | $31,000 | $43,000 |
| 10 | Nationstar Mortgage Coppell, TX |
4 | $303,000 | $75,000 | $21,000 |
The tables below break down 2008 mortgage applications in Wolfe County, KY by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Wolfe County, KY in 2008
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 | 114 | $8,480,000 | $74,000 | $306,000 | $48,000 | $156,000 |
| Home Improvement | 81 | $1,464,000 | $18,000 | $136,000 | $38,000 | $278,000 |
| Home Purchase | 75 | $4,975,000 | $66,000 | $403,000 | $47,000 | $134,000 |
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 | 245 | $12,593,000 | $51,000 | $403,000 | $45,000 | $156,000 |
| Not Provided | 17 | $1,530,000 | $90,000 | $247,000 | $41,000 | $134,000 |
| Not applicable | 5 | $551,000 | $110,000 | $247,000 | $55,000 | $278,000 |
| Black or African American | 2 | $198,000 | $99,000 | $138,000 | $34,000 | $53,000 |
| Hispanic | 1 | $47,000 | $47,000 | $47,000 | $13,000 | $13,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 250 | $13,170,000 | $52,000 | $403,000 | $45,000 | $278,000 |
| FHA-insured (Federal Housing Administration) | 18 | $1,594,000 | $88,000 | $205,000 | $33,000 | $80,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $155,000 | $77,000 | $83,000 | $35,000 | $37,000 |
| 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 | 131 | $7,456,000 | $56,000 | $403,000 | $49,000 | $278,000 |
| Application Denied By Financial Institution | 88 | $3,983,000 | $45,000 | $155,000 | $37,000 | $134,000 |
| Application Withdrawn By Applicant | 25 | $1,523,000 | $60,000 | $205,000 | $47,000 | $108,000 |
| Application Approved But Not Accepted | 13 | $827,000 | $63,000 | $138,000 | $45,000 | $119,000 |
| Loan Purchased By The Institution | 11 | $968,000 | $88,000 | $247,000 | $40,000 | $81,000 |
| File Closed For Incompleteness | 2 | $162,000 | $81,000 | $94,000 | $55,000 | $57,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 35 | $781,000 | $22,000 | $83,000 | $28,000 | $71,000 |
| Debt-To-Income Ratio | 12 | $421,000 | $35,000 | $148,000 | $32,000 | $115,000 |
| Collateral | 5 | $409,000 | $81,000 | $112,000 | $76,000 | $127,000 |
| Credit Application Incomplete | 3 | $220,000 | $73,000 | $110,000 | $70,000 | $134,000 |
| Other | 2 | $50,000 | $25,000 | $48,000 | $16,000 | $22,000 |
| Unverifiable Information | 1 | $99,000 | $99,000 | $99,000 | $55,000 | $55,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $20,000 | $20,000 | $20,000 | $32,000 | $32,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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