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Ashland Credit Union

ASHLAND, KY

Ashland Credit Union processed 294 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 147 loans with a 32.3% denial rate. Cash-out Refinancing was the primary loan purpose. Based in ASHLAND, KY. The approval rate of 50.0% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Ashland Credit Union's 50.0% origination rate tells you how often an application turned into funded money; the 32.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (267 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

294
Applications
147
Originated
32.3%
Denial Rate
$109,830
Avg Loan Amount
Avg Interest Rate: 7.853% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 267 144 83 $103,689
FHA 21 0 10 $138,333
USDA 3 2 1 $148,333
VA 3 1 1 $418,333

Top loan types - Ashland Credit Union

Top loan types - Ashland Credit Union Horizontal bar chart of the top 4 items by value (applications). Top loan types - Ashland Credit Union Top 4 1. Conventional 267 2. FHA 21 3. USDA 3 4. VA 3 Top 5 loan types by application volume at Ashland Credit Union (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Ashland Credit Union (LEI: 549300ZUA8339ZH6W934) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
34
Debt-to-income ratio
31
Collateral
24
Insufficient cash
2
Unverifiable information
2
Other
1
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 225 123 $90,911
Home Purchase 59 23 $184,831
Refinancing 8 1 $107,500
Other 2 0 $35,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 246 52.9% 31.3%
Black or African American * 10 60.0% 30.0%
Joint * 3 33.3% 33.3%
Asian * 2 0.0% 100.0%
Native Hawaiian or Other Pacific Islander * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 254 53.1% 31.5%
Hispanic or Latino * 2 50.0% 0.0%
Joint * 1 0.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in KY

Other HMDA-reporting lenders in KY with similar activity. Compare any two side-by-side.

Stockton Mortgage Corporation

FRANKFORT, KY

12,011 apps 7,797 originated 6.5% denied

Liberty Federal Credit Union

Louisville, KY

6,132 apps 4,679 originated 7.9% denied

Farm Credit Mid-America, Aca

LOUISVILLE, KY

5,902 apps 4,311 originated 10.4% denied

Magnolia Bank

Elizabethtown, KY

5,338 apps 4,002 originated 7.8% denied

Republic Bank & Trust

LOUISVILLE, KY

3,866 apps 2,192 originated 13.1% denied
Compare Ashland Credit Union vs Stockton Mortgage Corporation →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Ashland Credit Union process?
Ashland Credit Union processed 294 mortgage applications in the 2024 HMDA reporting year. Of these, 147 were originated (approved and funded), 35 were withdrawn by the applicant, and 95 were denied.
What is Ashland Credit Union's mortgage approval rate?
Ashland Credit Union has an approval (origination) rate of 50.0%, meaning 50.0% of all applications resulted in a funded mortgage. The denial rate is 32.3%.
What is the average loan amount at Ashland Credit Union?
The average mortgage loan amount at Ashland Credit Union is $109,830. The average interest rate is 7.853%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at Ashland Credit Union?
The most common reasons for mortgage denial at Ashland Credit Union are: Credit history, Debt-to-income ratio, Collateral. In total, 95 applications were denied out of 294 total applications.
What types of mortgage loans does Ashland Credit Union offer?
Ashland Credit Union processes Conventional, FHA, USDA, VA loans. The most common type is Conventional with 267 applications and an average loan amount of $103,689.
What loan purposes does Ashland Credit Union serve?
Ashland Credit Union serves the following loan purposes: Cash-out Refinancing (225 applications), Home Purchase (59 applications), Refinancing (8 applications), Other (2 applications). Cash-out Refinancing is the most common purpose.
Where is Ashland Credit Union located?
Ashland Credit Union is headquartered in ASHLAND, KY. The lender is identified by LEI 549300ZUA8339ZH6W934 in HMDA data.
How does Ashland Credit Union compare in lending across racial demographics?
Ashland Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 52.9% and denial rate of 31.3%; Black or African American applicants have an approval rate of 60.0% and denial rate of 30.0%; Joint applicants have an approval rate of 33.3% and denial rate of 33.3%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.