Navy Federal Credit Union · Kentucky · 2025

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

Navy Federal Credit Union took 1,397 mortgage applications in Kentucky in 2025, ranking #35 of 856 lenders active in the state. It originated 47.8% of them and denied 21.0% (30.1% of the applications it decided), against a statewide denial rate of 18.8%.

1.4kApplicationsin KY
30.1%Decision denial ratestate 23.5%
6.63%Median ratestate 6.75%
$155,000Median loanstate $155,000
$138MVolume105 counties

Navy Federal Credit Union in Kentucky vs the state

21.0%Denial rate+2.16 pts vs state
30.1%Decision denial rate+6.56 pts vs state
47.8%Origination rate-10.22 pts vs state
6.63%Median rate-0.13 pts vs state
0.10Rate spread (pts)-0.21 pts vs state
$107kMedian applicant income
668Loans originated
293Denied

Trend in Kentucky

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,21253727.7%6.50%#32
20241,45667523.3%6.75%#29
20251,39766821.0%6.63%#35

What Navy Federal Credit Union lends in Kentucky

By loan purpose

Home purchase 535 38% · 7.1% denied
Refinance 99 7% · 11.1% denied
Cash-out refinance 172 12% · 23.3% denied
Home improvement 288 21% · 32.6% denied
Other / HELOC 303 22% · 36.3% denied

By loan type

Conventional 948 68% · 26.7% denied
VA 449 32% · 8.9% denied

Why it denied Kentucky applicants

Debt-to-income ratio 90 31%
Credit history 75 26%
Other 67 23%
Collateral 38 13%
Incomplete application 12 4%
Employment history 5 2%
Unverifiable information 5 2%
Insufficient cash 1 0%

Where in Kentucky

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

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 2159251 23.7%
Hardin County 1908945 23.7%
Christian County 702916 22.9%
Boone County 65399 13.8%
Fayette County 62298 12.9%
Kenton County 422112 28.6%
Meade County 37216 16.2%
Warren County 37177 18.9%
Oldham County 33204 12.1%
Madison County 32186 18.8%

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: 1,397 applications in 2025, of which 668 were originated and 293 denied.

21.0% of all applications, or 30.1% of the applications it actually decided on. The Kentucky statewide average across all lenders was 18.8%.

The median rate on loans Navy Federal Credit Union originated in Kentucky in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Navy 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