L & N Federal Credit Union · Kentucky · 2025

L & N Federal Credit Union in Kentucky: approval rate, denial rate and rates (2025)

L & N Federal Credit Union took 1,956 mortgage applications in Kentucky in 2025, ranking #21 of 856 lenders active in the state. It originated 77.7% of them and denied 7.5% (8.6% of the applications it decided), against a statewide denial rate of 18.8%.

2.0kApplicationsin KY
8.6%Decision denial ratestate 23.5%
7.00%Median ratestate 6.75%
$105,000Median loanstate $155,000
$239MVolume58 counties

L & N Federal Credit Union in Kentucky vs the state

7.5%Denial rate-11.35 pts vs state
8.6%Decision denial rate-14.87 pts vs state
77.7%Origination rate+19.62 pts vs state
7.00%Median rate+0.25 pts vs state
0.24Rate spread (pts)-0.08 pts vs state
$90kMedian applicant income
1,519Loans originated
146Denied

Trend in Kentucky

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,5261,1685.6%8.25%#21
20241,5631,1858.2%8.00%#25
20251,9561,5197.5%7.00%#21

What L & N Federal Credit Union lends in Kentucky

By loan purpose

Home purchase 508 26% · 2.6% denied
Refinance 272 14% · 12.5% denied
Cash-out refinance 362 19% · 13.8% denied
Home improvement 107 5% · 7.5% denied
Other / HELOC 707 36% · 5.8% denied

By loan type

Conventional 1,956 100% · 7.5% denied

Why it denied Kentucky applicants

Credit history 83 57%
Debt-to-income ratio 48 33%
Collateral 11 8%
Employment history 3 2%
Insufficient cash 1 1%

Where in Kentucky

Counties with the most L & N Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 79460761 7.7%
Laurel County 19114911 5.8%
Bullitt County 17614318 10.2%
Pulaski County 1381149 6.5%
Oldham County 104896 5.8%
Whitley County 100746 6.0%
Kenton County 70517 10.0%
Boone County 55453 5.5%
Knox County 47352 4.3%
Nelson County 34300 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: 1,956 applications in 2025, of which 1,519 were originated and 146 denied.

7.5% of all applications, or 8.6% of the applications it actually decided on. The Kentucky statewide average across all lenders was 18.8%.

The median rate on loans L & N Federal Credit Union originated in Kentucky in 2025 was 7.00%, against a statewide median of 6.75%.

About this data. Figures are L & N 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