Central Credit Union of Illinois Mortgage Lending & HMDA Data, 2005
In 2005, Central Credit Union of Illinois of Bellwood, IL reported 301 mortgage applications totaling $13.6 million, down 12% from 2004. The average application was for $45,066, and applicants reported an average income of $69,607. 64% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (289), Lake County-Kenosha County, IL-WI (3) and Springfield, IL (1) (applications in parentheses).
| Mortgage Company & Address | Central Credit Union of Illinois 1001 Mannheim Road Bellwood, IL 60104 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 301 |
| Total Mortgage Loan Application Amount | $13,565,000 |
| Average Mortgage Loan Application Amount | $45,066 |
| Highest Mortgage Loan Application Amount | $370,000 |
| Average Applicant Income | $69,607 |
| Highest Applicant Income | $380,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Central Credit Union of Illinois filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville-Joliet, IL | 289 | $ 13,051,000 | $ 45,159 | $ 67,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 330,000 | $ 110,000 | $ 162,000 |
| Springfield, IL | 1 | $ 35,000 | $ 35,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Central Credit Union of Illinois in 2005
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Improvement | 209 | $4,737,000 | $16,250 | $150,000 | $44,000 | $360,000 |
| Refinancing | 83 | $7,698,000 | $92,000 | $370,000 | $74,000 | $380,000 |
| Home Purchase | 9 | $1,130,000 | $125,000 | $295,000 | $61,000 | $83,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 116 | $6,391,000 | $29,666 | $295,000 | $48,000 | $220,000 |
| Black or African American | 88 | $2,786,000 | $14,666 | $370,000 | $40,666 | $285,000 |
| Hispanic | 57 | $2,179,000 | $38,000 | $240,000 | $68,000 | $380,000 |
| Not Provided | 34 | $2,041,000 | $60,000 | $323,000 | $93,000 | $360,000 |
| Asian | 4 | $83,000 | $20,000 | $46,000 | $40,000 | $53,000 |
| American Indian or Alaskan Native | 1 | $35,000 | $35,000 | $35,000 | $56,000 | $56,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $50,000 | $50,000 | $50,000 | $148,000 | $148,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 301 | $13,565,000 | $22,000 | $370,000 | $44,250 | $380,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 194 | $9,629,000 | $20,666 | $295,000 | $50,333 | $285,000 |
| Application Denied By Financial Institution | 68 | $1,938,000 | $29,500 | $370,000 | $45,000 | $380,000 |
| Application Withdrawn By Applicant | 39 | $1,998,000 | $51,000 | $323,000 | $84,000 | $360,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 35 | $508,000 | $22,500 | $65,000 | $35,500 | $73,000 |
| Collateral | 12 | $538,000 | $44,000 | $208,000 | $99,000 | $380,000 |
| Debt-To-Income Ratio | 9 | $252,000 | $28,000 | $60,000 | $37,000 | $56,000 |
| Other | 1 | $75,000 | $75,000 | $75,000 | $95,000 | $95,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Central Credit Union of Illinois's 2005 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Central Credit Union of Illinois's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Illinois, download the full spreadsheet
with aggregated HMDA statistics today.
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