Heritage Federal Credit Union · Kentucky · 2025

Heritage Federal Credit Union in Kentucky: approval rate, denial rate and rates (2025)

Heritage Federal Credit Union took 120 mortgage applications in Kentucky in 2025, ranking #191 of 856 lenders active in the state. It originated 64.2% of them and denied 23.3% (26.2% of the applications it decided), against a statewide denial rate of 18.8%.

120Applicationsin KY
26.2%Decision denial ratestate 23.5%
7.25%Median ratestate 6.75%
$85,000Median loanstate $155,000
$13MVolume15 counties

Heritage Federal Credit Union in Kentucky vs the state

23.3%Denial rate+4.52 pts vs state
26.2%Decision denial rate+2.68 pts vs state
64.2%Origination rate+6.13 pts vs state
7.25%Median rate+0.50 pts vs state
1.17Rate spread (pts)+0.86 pts vs state
$72kMedian applicant income
77Loans originated
28Denied

Trend in Kentucky

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023653924.6%7.38%#213
20241086625.0%7.00%#182
20251207723.3%7.25%#191

What Heritage Federal Credit Union lends in Kentucky

By loan purpose

Home purchase 35 29% · 5.7% denied
Refinance 26 22% · 7.7% denied
Cash-out refinance 12 10% · 33.3% denied
Home improvement 23 19% · 56.5% denied
Other / HELOC 24 20% · 29.2% denied

By loan type

Conventional 120 100% · 23.3% denied

Why it denied Kentucky applicants

Debt-to-income ratio 10 36%
Other 9 32%
Credit history 7 25%
Collateral 1 4%
Unverifiable information 1 4%

Where in Kentucky

Counties with the most Heritage Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Henderson County 493410 20.4%
Daviess County 40258 20.0%
Ohio County 631 16.7%
Webster County 523 60.0%
McLean County 541 20.0%
Union County 403 75.0%
Muhlenberg County 321 33.3%
Nelson County 110 0.0%
Hopkins County 110 0.0%
Livingston County 110 0.0%

Other large lenders in Kentucky

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 8,42018.1%6.75%
Vanderbilt Mortgage and FinanceF 8,22044.8%9.50%
United Shore Financial ServicesB 6,8719.8%6.50%
Fifth Third BankD 5,66325.5%7.75%
U.S. BankD 4,88729.5%7.00%
Mortgage Research CenterC 3,61718.0%6.25%
PNC BankD 3,58523.7%7.40%
21st MortgageF 3,47848.0%9.95%
CommonwealthC 3,27024.9%7.25%
Stockton MortgageD 3,2556.1%6.63%

Frequently asked questions

Kentucky: 120 applications in 2025, of which 77 were originated and 28 denied.

23.3% of all applications, or 26.2% of the applications it actually decided on. The Kentucky statewide average across all lenders was 18.8%.

The median rate on loans Heritage Federal Credit Union originated in Kentucky in 2025 was 7.25%, against a statewide median of 6.75%.

About this data. Figures are Heritage Federal Credit Union's own HMDA filing for properties located in Kentucky, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology