# L & N Federal Credit Union

> **Canonical URL:** https://saferate.com/lenders/l-n-federal-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


L & N Federal Credit Union is a credit union, headquartered in LOUISVILLE, KY, serving borrowers across 5 states, with 361 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 54% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 45% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300OHIEQGELZVJP60
- **Headquarters:** LOUISVILLE, KY
- **Geographic Reach:** Regional
- **States Served:** 5
- **State List:** FL, IN, KY, OH, TN
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 46/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 55/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.071%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $395
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 361
- **Dollar Volume:** $85 million
- **Applications Received:** 567
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $235,360
- **Average Borrower Income:** $131,709
- **Average Property Value:** $316,607

## Safe Rate Awards 🏆

- ⭐ **Refinance Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 58/100 | 356 | +0.082% | $395 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 229 loans, Score: 53/100 (Sound)
- Refinance: 127 loans, Score: 67/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 51/100 | 232 | $59M | +0.148% | Sound ☺️ |
| Refinance | 65/100 | 129 | $26M | -0.069% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| KY | 327 | 0.70% | 85/100 |
| IN | 28 | 0.03% | 50/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Louisville/Jefferson County, KY | KY-IN | 196 | 85/100 |
| Non |  | 114 | 58/100 |
| Cincinnati, OH |  | 33 | 58/100 |

## Where This Lender Ranks

L & N Federal Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#6** in Kentucky Credit Unions
  - [View Full Rankings](https://saferate.com/kentucky/best-mortgage-lenders/credit-unions)
- 🏆 **#6** in Kentucky for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/kentucky/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#7** in Louisville/Jefferson County, KY for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/louisvillejefferson-county-ky/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#8** in Louisville/Jefferson County, KY Credit Unions
  - [View Full Rankings](https://saferate.com/louisvillejefferson-county-ky/best-mortgage-lenders/credit-unions)

## Frequently Asked Questions

### What loan types does L & N Federal Credit Union offer?

L & N Federal Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does L & N Federal Credit Union offer mortgages?

L & N Federal Credit Union offers mortgages in 5 states: FL, IN, KY, OH, TN.

### How competitive are L & N Federal Credit Union's mortgage rates?

L & N Federal Credit Union has a pricing score of 46/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.071% above market average.

### What type of lender is L & N Federal Credit Union?

L & N Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in LOUISVILLE, KY.

### What is L & N Federal Credit Union's loan approval success rate?

L & N Federal Credit Union has a pull-through score of 55/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/l-n-federal-credit-union

### How to Cite

> "L & N Federal Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/l-n-federal-credit-union

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