Applications / Mortgage Analytics / Lenders / Kentucky / Fair Way Lending
Louisville, KY · Independent non-bank lender · CFPB · 257 loans in 2025
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257
loans originated, 2025
296
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Fair Way Lending, a Louisville non-bank lender whose main state is Indiana, makes home-purchase loans to borrowers of modest means, often with government backing.
Borrowers with low or moderate incomes (LMI) took 46.0% of its loans, against 21.7% at similar lenders (independent non-bank lenders making between half and twice as many loans). That is a higher share than at about nineteen in twenty of them. Its typical loan, $225,000, is smaller than at four in five similar lenders, where it is $335,000.
Purchases made up 80.5% of its loans. The Federal Housing Administration (FHA) insured 33.9% of them, about double the 17.3% at peers, and the Department of Agriculture's Rural Housing Service (RHS) guaranteed 8.9%, where the typical similar lender made none. Manufactured homes were 3.9% of its loans. Its purchase denial rate, 2.9%, is near the middle of similar lenders.
It made 751 loans in 2020 and 750 in 2021, then 390 in 2022. Since 2023 it has made between 249 and 257 a year. Its typical rate was 3.12% in 2020 and 6.75% in 2025, which may have cut demand. Its 3% rise in 2025 compares with no change at similar lenders and growth of 10% in the whole market.
In Bloomington it ranks 19 of 229 lenders, behind Indiana University Credit Union; its share slipped from 1.6% to 1.3%, possibly as rivals grew faster there. In Lafayette-West Lafayette its share rose from 0.4% to 0.5%. In Louisville, its home city, it ranks 127 of 510.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Fair Way Lending took 296 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 80.5% · Refinance 18.7% · Home improvement 0.8%
Conventional 54.5% · FHA 33.9% · USDA (RHS or FSA) 8.9% · VA 2.7% · of 257 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Indiana | 168 | 65.4% |
| Kentucky | 44 | 17.1% |
| Georgia | 34 | 13.2% |
| Illinois | 9 | 3.5% |
| Florida | 1 | 0.4% |
| South Carolina | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Bloomington | 48 |
| Louisville/Jefferson County | 36 |
| Atlanta-Sandy Springs-Roswell | 33 |
| Lafayette-West Lafayette | 32 |
| Indianapolis-Carmel-Greenwood | 14 |
| Evansville | 6 |
| Lake County-Porter County-Jasper County | 3 |
| Kokomo | 2 |
| Terre Haute | 2 |
| Bowling Green | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 54930008MKP7T81OVK54 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 5138980 | 2016–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7472565675 |
Established 20 August 2014. Reported under HMDA 2016-2025.
Mergers, name changes, data editions and corrections: Fair Way Lending's data.
Fair Way Lending's data
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Fair Way Lending and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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