Central Federal Savings & Loan Mortgage Lending & HMDA Data, 2006
In 2006, Central Federal Savings & Loan of Cicero, IL reported 155 mortgage applications totaling $33.5 million, up 5% from 2005. The average application was for $215,941, and applicants reported an average income of $91,748. 74% of its applications resulted in an originated loan and 9% were denied. Its largest market was Chicago-Naperville-Joliet, IL (140).
| Mortgage Company & Address | Central Federal Savings & Loan 5953 W Cermak Road Cicero, IL 60804 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 155 |
| Total Mortgage Loan Application Amount | $33,471,000 |
| Average Mortgage Loan Application Amount | $215,941 |
| Highest Mortgage Loan Application Amount | $777,000 |
| Average Applicant Income | $91,748 |
| Highest Applicant Income | $630,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Central Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 140 | $ 29,324,000 | $ 209,457 | $ 95,000 |
Mortgage Loan Application Detail Totals for Central Federal Savings & Loan in 2006
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 Purchase | 81 | $19,390,000 | $239,000 | $777,000 | $115,000 | $630,000 |
| Refinancing | 71 | $13,951,000 | $196,000 | $500,000 | $65,000 | $320,000 |
| Home Improvement | 3 | $130,000 | $43,000 | $80,000 | $97,000 | $166,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 91 | $19,063,000 | $209,000 | $777,000 | $61,000 | $168,000 |
| White | 64 | $14,408,000 | $225,000 | $600,000 | $135,000 | $630,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 154 | $33,296,000 | $216,000 | $777,000 | $92,000 | $630,000 |
| FHA-insured (Federal Housing Administration) | 1 | $175,000 | $175,000 | $175,000 | $67,000 | $67,000 |
| 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 | 115 | $23,077,000 | $200,000 | $500,000 | $104,000 | $630,000 |
| Application Withdrawn By Applicant | 16 | $3,683,000 | $230,000 | $400,000 | $54,000 | $143,000 |
| Application Denied By Financial Institution | 14 | $4,173,000 | $298,000 | $600,000 | $60,000 | $114,000 |
| Preapproval Approved but not Accepted | 5 | $1,678,000 | $335,000 | $777,000 | $66,000 | $168,000 |
| Preapproval Denied by Financial Institution | 5 | $860,000 | $172,000 | $200,000 | $43,000 | $50,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 7 | $1,611,000 | $230,000 | $400,000 | $37,000 | $75,000 |
| Credit History | 4 | $1,155,000 | $288,000 | $468,000 | $65,000 | $90,000 |
| Mortgage Insurance Denied | 4 | $748,000 | $187,000 | $234,000 | $49,000 | $58,000 |
| Collateral | 2 | $554,000 | $277,000 | $294,000 | $68,000 | $79,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $600,000 | $600,000 | $600,000 | $114,000 | $114,000 |
| Unverifiable Information | 1 | $365,000 | $365,000 | $365,000 | $85,000 | $85,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Central Federal Savings & Loan's 2006 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 Federal Savings & Loan'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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About