First Federal Savings & Loan Mortgage Lending & HMDA Data, 2003
In 2003, First Federal Savings & Loan of Kewanee, IL reported 338 mortgage applications totaling $18.5 million. The average application was for $54,633, and applicants reported an average income of $52,050. 94% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Phoenix-Mesa, AZ (14) and Peoria-Pekin, IL (1).
| Mortgage Company & Address | First Federal Savings & Loan 101 West Central Blvd Kewanee, IL 61443 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 338 |
| Total Mortgage Loan Application Amount | $18,466,000 |
| Average Mortgage Loan Application Amount | $54,633 |
| Highest Mortgage Loan Application Amount | $307,000 |
| Average Applicant Income | $52,050 |
| Highest Applicant Income | $451,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Henry, Illinois | 274 | $ 12,458,000 | $ 45,467 | $ 37,000 |
| Bureau, Illinois | 17 | $ 759,000 | $ 44,647 | $ 48,000 |
| Maricopa, Arizona | 14 | $ 2,853,000 | $ 203,785 | $ 0 |
| Whiteside, Illinois | 13 | $ 642,000 | $ 49,384 | $ 52,000 |
| Stark, Illinois | 8 | $ 451,000 | $ 56,375 | $ 56,000 |
| Knox, Illinois | 7 | $ 718,000 | $ 102,571 | $ 62,000 |
| Rock Island, Illinois | 2 | $ 110,000 | $ 55,000 | $ 81,000 |
| Gila, Arizona | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Mercer, Illinois | 1 | $ 115,000 | $ 115,000 | $ 75,000 |
| Peoria, Illinois | 1 | $ 110,000 | $ 110,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for First Federal Savings & Loan in 2003
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 (home purchase or home improvement, one-to-four family) | 224 | $12,444,000 | $131,000 | $250,000 | $29,500 | $422,000 |
| Home Purchase (one-to-four family) | 95 | $5,930,000 | $123,500 | $307,000 | $24,000 | $451,000 |
| Home Improvement (one-to-four family) | 19 | $92,000 | $4,000 | $10,000 | $30,000 | $77,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 303 | $14,993,000 | $49,000 | $250,000 | $57,000 | $451,000 |
| Not applicable | 17 | $3,163,000 | $118,000 | $307,000 | $0 | $0 |
| Hispanic | 16 | $295,000 | $18,000 | $45,000 | $30,000 | $59,000 |
| Asian or Pacific Islander | 1 | $4,000 | $4,000 | $4,000 | $18,000 | $18,000 |
| Black | 1 | $11,000 | $11,000 | $11,000 | $60,000 | $60,000 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 338 | $18,466,000 | $126,500 | $307,000 | $25,000 | $451,000 |
| 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 | 317 | $15,187,000 | $47,000 | $250,000 | $52,000 | $451,000 |
| Loan Purchased By The Institution | 15 | $3,103,000 | $206,000 | $307,000 | $0 | $0 |
| Application Withdrawn By Applicant | 3 | $85,000 | $28,000 | $42,000 | $37,000 | $50,000 |
| Application Denied By Financial Institution | 2 | $52,000 | $26,000 | $39,000 | $47,000 | $48,000 |
| Application Approved But Not Accepted | 1 | $39,000 | $39,000 | $39,000 | $22,000 | $22,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $13,000 | $13,000 | $13,000 | $48,000 | $48,000 |
| Collateral | 1 | $39,000 | $39,000 | $39,000 | $47,000 | $47,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal Savings & Loan's 2003 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 Federal Savings & Loan'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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