PlainLender

WHITAKER BANK INC

LEXINGTON, KY

WHITAKER BANK INC processed 824 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 656 loans with a 8.1% denial rate. Refinancing was the primary loan purpose. Based in LEXINGTON, KY. The approval rate of 79.6% 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. WHITAKER BANK INC processed 824 HMDA-reported mortgage applications in 2024, originating 656 loans and denying 67 for a denial rate of 8.1% (applicants themselves withdrew 92 files before a decision). The average loan amount was $133,180 at a 6.894% average note rate, and applicants self-reported an average income of $31,000. The lender reports under LEI 549300C3C8C6TSYT1R20 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. WHITAKER BANK INC's 79.6% origination rate tells you how often an application turned into funded money; the 8.1% 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 (816 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.

824
Applications
656
Originated
8.1%
Denial Rate
$133,180
Avg Loan Amount
Avg Interest Rate: 6.894% Avg Applicant Income: $31,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 816 656 63 $132,806
USDA 4 0 3 $137,500
FHA 4 0 1 $205,000

Top loan types — WHITAKER BANK INC

Top loan types — WHITAKER BANK INC Horizontal bar chart of the top 3 items by value (applications). Top loan types — WHITAKER BANK INC Top 3 1. Conventional 816 2. USDA 4 3. FHA 4 Top 5 loan types by application volume at WHITAKER BANK INC (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for WHITAKER BANK INC (LEI: 549300C3C8C6TSYT1R20) · 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

Credit history
15
Debt-to-income ratio
12
Collateral
4
Other
2
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Refinancing 267 236 $162,154
Other 247 174 $74,150
Home Purchase 221 172 $191,425
Home Improvement 89 74 $65,449

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 741 78.7% 8.4%
Black or African American 6 33.3% 50.0%
Asian 1 100.0% 0.0%
Joint 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 731 78.9% 8.6%
Hispanic or Latino 5 100.0% 0.0%
Joint 4 25.0% 0.0%

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 WHITAKER BANK INC 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

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Frequently Asked Questions

How many mortgage applications did WHITAKER BANK INC process?
WHITAKER BANK INC processed 824 mortgage applications in the 2023 HMDA reporting year. Of these, 656 were originated (approved and funded), 92 were withdrawn by the applicant, and 67 were denied.
What is WHITAKER BANK INC's mortgage approval rate?
WHITAKER BANK INC has an approval (origination) rate of 79.6%, meaning 79.6% of all applications resulted in a funded mortgage. The denial rate is 8.1%.
What is the average loan amount at WHITAKER BANK INC?
The average mortgage loan amount at WHITAKER BANK INC is $133,180. The average interest rate is 6.894%. The average applicant income is $31,000.
What are the most common reasons for mortgage denial at WHITAKER BANK INC?
The most common reasons for mortgage denial at WHITAKER BANK INC are: Credit history, Debt-to-income ratio, Collateral. In total, 67 applications were denied out of 824 total applications.
What types of mortgage loans does WHITAKER BANK INC offer?
WHITAKER BANK INC processes Conventional, USDA, FHA loans. The most common type is Conventional with 816 applications and an average loan amount of $132,806.
What loan purposes does WHITAKER BANK INC serve?
WHITAKER BANK INC serves the following loan purposes: Refinancing (267 applications), Other (247 applications), Home Purchase (221 applications), Home Improvement (89 applications). Refinancing is the most common purpose.
Where is WHITAKER BANK INC located?
WHITAKER BANK INC is headquartered in LEXINGTON, KY. The lender is identified by LEI 549300C3C8C6TSYT1R20 in HMDA data.
How does WHITAKER BANK INC compare in lending across racial demographics?
WHITAKER BANK INC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 78.7% and denial rate of 8.4%; Black or African American applicants have an approval rate of 33.3% and denial rate of 50.0%; Asian applicants have an approval rate of 100.0% and denial rate of 0.0%. 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.