First Community Credit Union of Beloit Mortgage Lending & HMDA Data, 2023
In 2023, First Community Credit Union of Beloit of Beloit, WI reported 267 mortgage applications totaling $30.3 million, down 1% from 2022. The average application was for $113,651, and applicants reported an average income of $93,262. 71% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Janesville-Beloit, WI (112), Rockford, IL (54) and Madison, WI (32) (applications in parentheses).
| Mortgage Company & Address | First Community Credit Union of Beloit 1702 Park Ave Beloit, WI 53511 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 |
| Total Number of Mortgage Applications | 267 |
| Total Mortgage Loan Application Amount | $30,345,000 |
| Average Mortgage Loan Application Amount | $113,651 |
| Highest Mortgage Loan Application Amount | $855,000 |
| Average Applicant Income | $93,262 |
| Highest Applicant Income | $420,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Community Credit Union of Beloit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Rock, Wisconsin | 112 | $ 11,090,000 | $ 99,017 | $ 89,000 |
| Winnebago, Illinois | 51 | $ 4,095,000 | $ 80,294 | $ 87,000 |
| Green, Wisconsin | 25 | $ 2,365,000 | $ 94,600 | $ 92,000 |
| Stephenson, Illinois | 8 | $ 780,000 | $ 97,500 | $ 66,000 |
| Dane, Wisconsin | 5 | $ 185,000 | $ 37,000 | $ 96,000 |
| Boone, Illinois | 3 | $ 605,000 | $ 201,666 | $ 177,000 |
| Ogle, Illinois | 3 | $ 385,000 | $ 128,333 | $ 126,000 |
| Walworth, Wisconsin | 3 | $ 1,055,000 | $ 351,666 | $ 225,000 |
| McHenry, Illinois | 2 | $ 120,000 | $ 60,000 | $ 156,000 |
| Lincoln, South Dakota | 2 | $ 810,000 | $ 405,000 | $ 140,000 |
| Clark, Wisconsin | 2 | $ 130,000 | $ 65,000 | $ 82,000 |
| Iowa, Wisconsin | 2 | $ 310,000 | $ 155,000 | $ 97,000 |
| Jefferson, Wisconsin | 2 | $ 900,000 | $ 450,000 | $ 154,000 |
| DeKalb, Illinois | 1 | $ 35,000 | $ 35,000 | $ 147,000 |
| Jo Daviess, Illinois | 1 | $ 195,000 | $ 195,000 | $ 107,000 |
| Clinton, Iowa | 1 | $ 35,000 | $ 35,000 | $ 128,000 |
| Crawford, Wisconsin | 1 | $ 75,000 | $ 75,000 | $ 75,000 |
| Grant, Wisconsin | 1 | $ 25,000 | $ 25,000 | $ 86,000 |
| Juneau, Wisconsin | 1 | $ 75,000 | $ 75,000 | $ 48,000 |
| La Crosse, Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 41,000 |
| Lafayette, Wisconsin | 1 | $ 25,000 | $ 25,000 | $ 16,000 |
| Milwaukee, Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 99,000 |
| Price, Wisconsin | 1 | $ 305,000 | $ 305,000 | $ 145,000 |
| Racine, Wisconsin | 1 | $ 25,000 | $ 25,000 | $ 49,000 |
| Sauk, Wisconsin | 1 | $ 235,000 | $ 235,000 | $ 66,000 |
| St. Croix, Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
| Vernon, Wisconsin | 1 | $ 475,000 | $ 475,000 | $ 115,000 |
| Vilas, Wisconsin | 1 | $ 215,000 | $ 215,000 | $ 91,000 |
| Winnebago, Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 200,000 |
Mortgage Loan Application Detail Totals for First Community Credit Union of Beloit in 2023
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 | 93 | $17,005,000 | $182,000 | $855,000 | $98,000 | $420,000 |
| Other Purpose | 70 | $2,980,000 | $42,000 | $145,000 | $99,000 | $263,000 |
| Cash-out Refinancing | 67 | $7,045,000 | $105,000 | $475,000 | $77,000 | $298,000 |
| Refinancing | 35 | $2,465,000 | $70,000 | $365,000 | $96,000 | $224,000 |
| Home Improvement | 2 | $850,000 | $425,000 | $545,000 | $169,000 | $212,000 |
| Not Applicable | 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 |
|---|---|---|---|---|---|---|
| White | 207 | $23,965,000 | $115,000 | $855,000 | $97,000 | $420,000 |
| Not Provided | 43 | $4,565,000 | $106,000 | $405,000 | $86,000 | $317,000 |
| Hispanic | 9 | $765,000 | $85,000 | $205,000 | $73,000 | $136,000 |
| Black or African American | 4 | $510,000 | $127,000 | $185,000 | $59,000 | $87,000 |
| American Indian or Alaskan Native | 1 | $65,000 | $65,000 | $65,000 | $87,000 | $87,000 |
| Asian | 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 |
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) | 267 | $30,345,000 | $113,000 | $855,000 | $93,000 | $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 | 190 | $21,170,000 | $111,000 | $855,000 | $98,000 | $420,000 |
| Application Denied By Financial Institution | 29 | $2,835,000 | $97,000 | $285,000 | $74,000 | $317,000 |
| Application Withdrawn By Applicant | 24 | $2,500,000 | $104,000 | $405,000 | $91,000 | $298,000 |
| File Closed For Incompleteness | 13 | $1,895,000 | $145,000 | $285,000 | $80,000 | $128,000 |
| Preapproval Approved but not Accepted | 10 | $1,820,000 | $182,000 | $285,000 | $91,000 | $208,000 |
| Preapproval Denied by Financial Institution | 1 | $125,000 | $125,000 | $125,000 | $39,000 | $39,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 237 | $27,385,000 | $115,000 | $855,000 | $96,000 | $420,000 |
| Credit History | 14 | $1,200,000 | $85,000 | $285,000 | $103,000 | $317,000 |
| Debt-To-Income Ratio | 12 | $1,290,000 | $107,000 | $265,000 | $44,000 | $109,000 |
| Other | 2 | $260,000 | $130,000 | $195,000 | $52,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $210,000 | $105,000 | $135,000 | $51,000 | $54,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Community Credit Union of Beloit's 2023 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 First Community Credit Union of Beloit'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 Wisconsin, download the full spreadsheet
with aggregated HMDA statistics today.
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