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UNIVERSITY OF KY FCU

LEXINGTON, KY

UNIVERSITY OF KY FCU processed 2,521 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,441 loans with a 24.3% denial rate. Home Improvement was the primary loan purpose. Based in LEXINGTON, KY. The approval rate of 57.2% 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. UNIVERSITY OF KY FCU processed 2,521 HMDA-reported mortgage applications in 2024, originating 1,441 loans and denying 612 for a denial rate of 24.3% (applicants themselves withdrew 199 files before a decision). The average loan amount was $120,772 at a 8.358% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 549300V5YG1VXZAU5G02 from LEXINGTON, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. UNIVERSITY OF KY FCU's 57.2% origination rate tells you how often an application turned into funded money; the 24.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,521 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.

2,521
Applications
1,441
Originated
24.3%
Denial Rate
$120,772
Avg Loan Amount
Avg Interest Rate: 8.358% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,521 1,441 612 $120,772

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for UNIVERSITY OF KY FCU (LEI: 549300V5YG1VXZAU5G02) · 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

Debt-to-income ratio
363
Credit history
246
Other
81
Collateral
75
Employment history
20
Unverifiable information
14
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 1,006 621 $97,316
Refinancing 783 449 $153,365
Other 541 274 $80,730
Home Purchase 191 97 $224,110

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,971 58.6% 23.4%
Black or African American 144 38.9% 40.3%
Asian 121 50.4% 31.4%
Joint 45 60.0% 24.4%
American Indian or Alaska Native 11 54.5% 18.2%
Native Hawaiian or Other Pacific Islander 5 40.0% 40.0%
2 or more minority races 3 0.0% 66.7%

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 2,166 57.3% 24.5%
Hispanic or Latino 79 38.0% 38.0%
Joint 65 56.9% 27.7%

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 UNIVERSITY OF KY FCU vs STOCKTON MORTGAGE CORPORATION →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did UNIVERSITY OF KY FCU process?
UNIVERSITY OF KY FCU processed 2,521 mortgage applications in the 2023 HMDA reporting year. Of these, 1,441 were originated (approved and funded), 199 were withdrawn by the applicant, and 612 were denied.
What is UNIVERSITY OF KY FCU's mortgage approval rate?
UNIVERSITY OF KY FCU has an approval (origination) rate of 57.2%, meaning 57.2% of all applications resulted in a funded mortgage. The denial rate is 24.3%.
What is the average loan amount at UNIVERSITY OF KY FCU?
The average mortgage loan amount at UNIVERSITY OF KY FCU is $120,772. The average interest rate is 8.358%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at UNIVERSITY OF KY FCU?
The most common reasons for mortgage denial at UNIVERSITY OF KY FCU are: Debt-to-income ratio, Credit history, Other. In total, 612 applications were denied out of 2,521 total applications.
What types of mortgage loans does UNIVERSITY OF KY FCU offer?
UNIVERSITY OF KY FCU processes Conventional loans. The most common type is Conventional with 2,521 applications and an average loan amount of $120,772.
What loan purposes does UNIVERSITY OF KY FCU serve?
UNIVERSITY OF KY FCU serves the following loan purposes: Home Improvement (1,006 applications), Refinancing (783 applications), Other (541 applications), Home Purchase (191 applications). Home Improvement is the most common purpose.
Where is UNIVERSITY OF KY FCU located?
UNIVERSITY OF KY FCU is headquartered in LEXINGTON, KY. The lender is identified by LEI 549300V5YG1VXZAU5G02 in HMDA data.
How does UNIVERSITY OF KY FCU compare in lending across racial demographics?
UNIVERSITY OF KY FCU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 58.6% and denial rate of 23.4%; Black or African American applicants have an approval rate of 38.9% and denial rate of 40.3%; Asian applicants have an approval rate of 50.4% and denial rate of 31.4%. 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.