L&N FEDERAL CREDIT UNION
LOUISVILLE, KY
L&N FEDERAL CREDIT UNION processed 1,703 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,294 loans with a 7.9% denial rate. Other was the primary loan purpose. Based in LOUISVILLE, KY. The approval rate of 76.0% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.
Portfolio scale. L&N FEDERAL CREDIT UNION processed 1,703 HMDA-reported mortgage applications in 2024, originating 1,294 loans and denying 134 for a denial rate of 7.9% (applicants themselves withdrew 157 files before a decision). The average loan amount was $137,008 at a 8.053% average note rate, and applicants self-reported an average income of $32,000. The lender reports under LEI 549300OHIEQGELZVJP60 from LOUISVILLE, KY.
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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. L&N FEDERAL CREDIT UNION's 76.0% origination rate tells you how often an application turned into funded money; the 7.9% 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 (1,703 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.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 1,703 | 1,294 | 134 | $137,008 |
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for L&N FEDERAL CREDIT UNION (LEI: 549300OHIEQGELZVJP60) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.
Denial Analysis
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Other | 490 | 390 | $67,449 |
| Home Purchase | 409 | 280 | $263,215 |
| Cash-out Refinancing | 329 | 243 | $109,316 |
| Refinancing | 256 | 199 | $147,305 |
| Home Improvement | 219 | 182 | $86,507 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 1,473 | 77.0% | 7.3% |
| Black or African American | 129 | 69.0% | 13.2% |
| Joint | 25 | 64.0% | 12.0% |
| Asian | 11 | 72.7% | 9.1% |
| 2 or more minority races | 3 | 100.0% | 0.0% |
| American Indian or Alaska Native | 1 | 100.0% | 0.0% |
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 | 1,593 | 76.4% | 7.9% |
| Hispanic or Latino | 30 | 80.0% | 6.7% |
| Joint | 13 | 69.2% | 15.4% |
Nearby Lenders in KY
Other HMDA-reporting lenders in KY with similar activity. Compare any two side-by-side.
STOCKTON MORTGAGE CORPORATION
FRANKFORT, KY
Liberty Federal Credit Union
Louisville, KY
FARM CREDIT MID-AMERICA, ACA
LOUISVILLE, KY
MAGNOLIA BANK
Elizabethtown, KY
REPUBLIC BANK & TRUST
LOUISVILLE, KY
Mortgage Lending Guides
Frequently Asked Questions
How many mortgage applications did L&N FEDERAL CREDIT UNION process?
What is L&N FEDERAL CREDIT UNION's mortgage approval rate?
What is the average loan amount at L&N FEDERAL CREDIT UNION?
What are the most common reasons for mortgage denial at L&N FEDERAL CREDIT UNION?
What types of mortgage loans does L&N FEDERAL CREDIT UNION offer?
What loan purposes does L&N FEDERAL CREDIT UNION serve?
Where is L&N FEDERAL CREDIT UNION located?
How does L&N FEDERAL CREDIT UNION compare in lending across racial demographics?
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.