Central Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2012
In 2012, Central Federal Savings & Loan Association of Cicero, IL reported 76 mortgage applications totaling $9.4 million, down 16% from 2011. The average application was for $124,210, and applicants reported an average income of $65,960. 54% of its applications resulted in an originated loan and 13% were denied. Its largest market was Chicago-Joliet-Naperville, IL (55).
| 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 | 76 |
| Total Mortgage Loan Application Amount | $9,440,000 |
| Average Mortgage Loan Application Amount | $124,210 |
| Highest Mortgage Loan Application Amount | $402,000 |
| Average Applicant Income | $65,960 |
| Highest Applicant Income | $291,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Central Federal Savings & Loan Association in 2012
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 | 43 | $4,063,000 | $94,000 | $256,000 | $64,000 | $179,000 |
| Refinancing | 31 | $5,012,000 | $161,000 | $402,000 | $67,000 | $291,000 |
| Home Improvement | 2 | $365,000 | $182,000 | $225,000 | $92,000 | $95,000 |
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 | 41 | $4,294,000 | $104,000 | $270,000 | $61,000 | $179,000 |
| White | 31 | $4,520,000 | $145,000 | $402,000 | $65,000 | $165,000 |
| Asian | 2 | $418,000 | $209,000 | $250,000 | $166,000 | $291,000 |
| Black or African American | 2 | $208,000 | $104,000 | $128,000 | $92,000 | $93,000 |
| 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) | 70 | $8,647,000 | $123,000 | $402,000 | $67,000 | $291,000 |
| FHA-insured (Federal Housing Administration) | 6 | $793,000 | $132,000 | $192,000 | $56,000 | $93,000 |
| 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 | 41 | $5,412,000 | $132,000 | $402,000 | $74,000 | $291,000 |
| Preapproval Approved but not Accepted | 14 | $1,340,000 | $95,000 | $192,000 | $57,000 | $119,000 |
| Application Denied By Financial Institution | 10 | $1,543,000 | $154,000 | $248,000 | $64,000 | $105,000 |
| Preapproval Denied by Financial Institution | 7 | $678,000 | $96,000 | $168,000 | $43,000 | $93,000 |
| Application Withdrawn By Applicant | 4 | $467,000 | $116,000 | $225,000 | $61,000 | $95,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application 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 |
|---|---|---|---|---|---|---|
| Collateral | 7 | $991,000 | $141,000 | $248,000 | $68,000 | $105,000 |
| Debt-To-Income Ratio | 5 | $549,000 | $109,000 | $220,000 | $42,000 | $65,000 |
| Other | 2 | $238,000 | $119,000 | $135,000 | $37,000 | $48,000 |
| Credit History | 2 | $275,000 | $137,000 | $147,000 | $73,000 | $93,000 |
| Employment History | 1 | $168,000 | $168,000 | $168,000 | $41,000 | $41,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Central Federal Savings & Loan Association's 2012 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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