Central Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2015
In 2015, Central Federal Savings & Loan Association of Cicero, IL reported 61 mortgage applications totaling $9.1 million, down 15% from 2014. The average application was for $148,540, and applicants reported an average income of $75,672. 61% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (57) and Elgin, IL (2).
| Mortgage Company & Address | Central Federal Savings & Loan Association 5953 W. Cermak Road Cicero, IL 60804 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 61 |
| Total Mortgage Loan Application Amount | $9,061,000 |
| Average Mortgage Loan Application Amount | $148,540 |
| Highest Mortgage Loan Application Amount | $510,000 |
| Average Applicant Income | $75,672 |
| Highest Applicant Income | $194,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Central Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Arlington Heights, IL | 57 | $ 8,509,000 | $ 149,280 | $ 77,000 |
| Elgin, IL | 2 | $ 353,000 | $ 176,500 | $ 101,000 |
Mortgage Loan Application Detail Totals for Central Federal Savings & Loan Association in 2015
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 |
|---|---|---|---|---|---|---|
| Refinancing | 35 | $5,221,000 | $149,000 | $510,000 | $77,000 | $194,000 |
| Home Purchase | 21 | $3,087,000 | $147,000 | $374,000 | $76,000 | $172,000 |
| Home Improvement | 5 | $753,000 | $150,000 | $335,000 | $65,000 | $93,000 |
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 | 33 | $4,156,000 | $125,000 | $380,000 | $59,000 | $142,000 |
| White | 26 | $4,718,000 | $181,000 | $510,000 | $97,000 | $194,000 |
| Asian | 1 | $68,000 | $68,000 | $68,000 | $111,000 | $111,000 |
| Black or African American | 1 | $119,000 | $119,000 | $119,000 | $36,000 | $36,000 |
| American Indian or Alaskan Native | 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) | 61 | $9,061,000 | $148,000 | $510,000 | $76,000 | $194,000 |
| 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 | 37 | $5,230,000 | $141,000 | $374,000 | $80,000 | $180,000 |
| Application Denied By Financial Institution | 12 | $2,195,000 | $182,000 | $510,000 | $65,000 | $194,000 |
| Application Withdrawn By Applicant | 7 | $947,000 | $135,000 | $245,000 | $78,000 | $111,000 |
| File Closed For Incompleteness | 3 | $490,000 | $163,000 | $287,000 | $96,000 | $112,000 |
| Preapproval Denied by Financial Institution | 2 | $199,000 | $99,000 | $119,000 | $22,000 | $36,000 |
| 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 |
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 | 5 | $774,000 | $154,000 | $380,000 | $43,000 | $172,000 |
| Other | 3 | $310,000 | $103,000 | $150,000 | $65,000 | $171,000 |
| Collateral | 2 | $628,000 | $314,000 | $510,000 | $115,000 | $194,000 |
| Employment History | 1 | $110,000 | $110,000 | $110,000 | $46,000 | $46,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $119,000 | $119,000 | $119,000 | $41,000 | $41,000 |
| Mortgage Insurance Denied | 1 | $313,000 | $313,000 | $313,000 | $62,000 | $62,000 |
| Credit History | 1 | $140,000 | $140,000 | $140,000 | $44,000 | $44,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Central Federal Savings & Loan Association's 2015 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 Association'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.
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