Central Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2021
In 2021, Central Federal Savings & Loan Association of Cicero, IL reported 131 mortgage applications totaling $31.5 million, down 8% from 2020. The average application was for $240,190, and applicants reported an average income of $100,572. 76% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Chicago-Naperville, IL (125), Elgin, IL (3) and Lake County-Kenosha County, IL-WI (1) (applications in parentheses).
| 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 | 131 |
| Total Mortgage Loan Application Amount | $31,465,000 |
| Average Mortgage Loan Application Amount | $240,190 |
| Highest Mortgage Loan Application Amount | $835,000 |
| Average Applicant Income | $100,572 |
| Highest Applicant Income | $420,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, IL | 125 | $ 30,435,000 | $ 243,480 | $ 99,000 |
| Elgin, IL | 3 | $ 435,000 | $ 145,000 | $ 76,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 185,000 | $ 185,000 | $ 96,000 |
| Sherman-Denison, TX | 1 | $ 245,000 | $ 245,000 | $ 348,000 |
Mortgage Loan Application Detail Totals for Central Federal Savings & Loan Association in 2021
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 | 59 | $13,085,000 | $221,000 | $835,000 | $99,000 | $420,000 |
| Home Purchase | 41 | $10,545,000 | $257,000 | $745,000 | $101,000 | $351,000 |
| Cash-out Refinancing | 31 | $7,835,000 | $252,000 | $685,000 | $103,000 | $347,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 73 | $14,895,000 | $204,000 | $435,000 | $72,000 | $151,000 |
| White | 40 | $12,940,000 | $323,000 | $835,000 | $143,000 | $420,000 |
| Not Provided | 13 | $2,815,000 | $216,000 | $445,000 | $89,000 | $155,000 |
| Asian | 2 | $350,000 | $175,000 | $255,000 | $251,000 | $351,000 |
| Black or African American | 2 | $220,000 | $110,000 | $125,000 | $110,000 | $110,000 |
| American Indian or Alaskan Native | 1 | $245,000 | $245,000 | $245,000 | $348,000 | $348,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 131 | $31,465,000 | $240,000 | $835,000 | $100,000 | $420,000 |
| 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 | 100 | $23,760,000 | $237,000 | $745,000 | $106,000 | $420,000 |
| Application Denied By Financial Institution | 18 | $4,470,000 | $248,000 | $835,000 | $80,000 | $348,000 |
| Application Withdrawn By Applicant | 7 | $2,045,000 | $292,000 | $745,000 | $106,000 | $198,000 |
| File Closed For Incompleteness | 4 | $920,000 | $230,000 | $295,000 | $67,000 | $87,000 |
| Application Approved But Not Accepted | 1 | $105,000 | $105,000 | $105,000 | $55,000 | $55,000 |
| Preapproval Denied by Financial Institution | 1 | $165,000 | $165,000 | $165,000 | $48,000 | $48,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 112 | $26,830,000 | $239,000 | $745,000 | $104,000 | $420,000 |
| Debt-To-Income Ratio | 7 | $1,985,000 | $283,000 | $835,000 | $54,000 | $100,000 |
| Credit History | 5 | $815,000 | $163,000 | $205,000 | $60,000 | $96,000 |
| Collateral | 2 | $500,000 | $250,000 | $275,000 | $0 | $0 |
| Unverifiable Information | 2 | $680,000 | $340,000 | $445,000 | $78,000 | $106,000 |
| Credit Application Incomplete | 1 | $165,000 | $165,000 | $165,000 | $57,000 | $57,000 |
| Mortgage Insurance Denied | 1 | $245,000 | $245,000 | $245,000 | $37,000 | $37,000 |
| Other | 1 | $245,000 | $245,000 | $245,000 | $348,000 | $348,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Central Federal Savings & Loan Association's 2021 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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