Central Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2022
In 2022, Central Federal Savings & Loan Association of Cicero, IL reported 117 mortgage applications totaling $27.3 million, down 11% from 2021. The average application was for $233,717, and applicants reported an average income of $115,888. 70% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Chicago-Naperville, IL (111), Elgin, IL (1) 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 | 117 |
| Total Mortgage Loan Application Amount | $27,345,000 |
| Average Mortgage Loan Application Amount | $233,717 |
| Highest Mortgage Loan Application Amount | $845,000 |
| Average Applicant Income | $115,888 |
| Highest Applicant Income | $821,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 | 58 | $15,870,000 | $273,000 | $845,000 | $135,000 | $821,000 |
| Cash-out Refinancing | 30 | $5,860,000 | $195,000 | $675,000 | $101,000 | $475,000 |
| Refinancing | 27 | $5,315,000 | $196,000 | $495,000 | $95,000 | $365,000 |
| Home Improvement | 2 | $300,000 | $150,000 | $265,000 | $67,000 | $106,000 |
| 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 | 65 | $12,155,000 | $187,000 | $785,000 | $82,000 | $430,000 |
| White | 44 | $12,750,000 | $289,000 | $805,000 | $168,000 | $821,000 |
| Asian | 4 | $1,620,000 | $405,000 | $845,000 | $137,000 | $246,000 |
| Not Provided | 2 | $400,000 | $200,000 | $355,000 | $40,000 | $63,000 |
| American Indian or Alaskan Native | 1 | $315,000 | $315,000 | $315,000 | $0 | $0 |
| Black or African American | 1 | $105,000 | $105,000 | $105,000 | $87,000 | $87,000 |
| 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) | 117 | $27,345,000 | $233,000 | $845,000 | $116,000 | $821,000 |
| 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 | 82 | $21,000,000 | $256,000 | $845,000 | $128,000 | $821,000 |
| Application Withdrawn By Applicant | 15 | $2,755,000 | $183,000 | $725,000 | $112,000 | $252,000 |
| Application Denied By Financial Institution | 10 | $1,990,000 | $199,000 | $425,000 | $76,000 | $153,000 |
| File Closed For Incompleteness | 8 | $1,410,000 | $176,000 | $305,000 | $66,000 | $112,000 |
| Application Approved But Not Accepted | 2 | $190,000 | $95,000 | $165,000 | $59,000 | $64,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 107 | $25,355,000 | $236,000 | $845,000 | $119,000 | $821,000 |
| Debt-To-Income Ratio | 4 | $940,000 | $235,000 | $345,000 | $76,000 | $153,000 |
| Other | 3 | $345,000 | $115,000 | $195,000 | $75,000 | $106,000 |
| Collateral | 2 | $530,000 | $265,000 | $425,000 | $87,000 | $87,000 |
| Employment History | 1 | $175,000 | $175,000 | $175,000 | $65,000 | $65,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 2022 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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