First Federal Savings & Loan A Mortgage Lending & HMDA Data, 2013
In 2013, First Federal Savings & Loan A of Kewanee, IL reported 98 mortgage applications totaling $4.8 million, down 6% from 2012. The average application was for $48,530, and applicants reported an average income of $52,418. 60% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Davenport-Moline-Rock Island, IA-IL (86), Peoria, IL (2) and Phoenix-Mesa-Glendale, AZ (1) (applications in parentheses).
| Mortgage Company & Address | First Federal Savings & Loan A 101 West Central Blvd Kewanee, IL 61443 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 98 |
| Total Mortgage Loan Application Amount | $4,756,000 |
| Average Mortgage Loan Application Amount | $48,530 |
| Highest Mortgage Loan Application Amount | $302,000 |
| Average Applicant Income | $52,418 |
| Highest Applicant Income | $157,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal Savings & Loan A filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 First Federal Savings & Loan A in 2013
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 Improvement | 37 | $1,280,000 | $34,000 | $150,000 | $51,000 | $157,000 |
| Home Purchase | 32 | $1,560,000 | $48,000 | $170,000 | $49,000 | $136,000 |
| Refinancing | 29 | $1,916,000 | $66,000 | $302,000 | $58,000 | $123,000 |
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 |
|---|---|---|---|---|---|---|
| White | 82 | $4,052,000 | $49,000 | $302,000 | $56,000 | $157,000 |
| Hispanic | 12 | $405,000 | $33,000 | $123,000 | $39,000 | $80,000 |
| Not applicable | 2 | $150,000 | $75,000 | $133,000 | $0 | $0 |
| Not Provided | 1 | $113,000 | $113,000 | $113,000 | $57,000 | $57,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $36,000 | $36,000 | $36,000 | $26,000 | $26,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 98 | $4,756,000 | $48,000 | $302,000 | $53,000 | $157,000 |
| 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 | 59 | $2,767,000 | $46,000 | $150,000 | $57,000 | $157,000 |
| Application Denied By Financial Institution | 28 | $1,401,000 | $50,000 | $170,000 | $48,000 | $108,000 |
| Application Approved But Not Accepted | 6 | $227,000 | $37,000 | $85,000 | $36,000 | $64,000 |
| Application Withdrawn By Applicant | 3 | $46,000 | $15,000 | $28,000 | $32,000 | $46,000 |
| File Closed For Incompleteness | 1 | $13,000 | $13,000 | $13,000 | $30,000 | $30,000 |
| Loan Purchased By The Institution | 1 | $302,000 | $302,000 | $302,000 | $122,000 | $122,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 21 | $994,000 | $47,000 | $123,000 | $52,000 | $108,000 |
| Debt-To-Income Ratio | 5 | $317,000 | $63,000 | $170,000 | $28,000 | $47,000 |
| Employment History | 2 | $90,000 | $45,000 | $60,000 | $55,000 | $58,000 |
| 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 |
| 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 Federal Savings & Loan A's 2013 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 A'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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