First Federal Savings Bank of Champaign-Urbana Mortgage Lending & HMDA Data, 2024
In 2024, First Federal Savings Bank of Champaign-Urbana of Champaign, IL reported 131 mortgage applications totaling $28.2 million, up 12% from 2023. The average application was for $215,610, and applicants reported an average income of $144,725. 94% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Champaign-Urbana, IL (129), Dallas-Plano-Irving, TX (1) and Springfield, IL (1) (applications in parentheses).
| Mortgage Company & Address | First Federal Savings Bank of Champaign-Urbana 1311 S. Neil St. Champaign, IL 61820 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 | 131 |
| Total Mortgage Loan Application Amount | $28,245,000 |
| Average Mortgage Loan Application Amount | $215,610 |
| Highest Mortgage Loan Application Amount | $945,000 |
| Average Applicant Income | $144,725 |
| Highest Applicant Income | $915,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal Savings Bank of Champaign-Urbana filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Bank of Champaign-Urbana in 2024
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 | 76 | $19,640,000 | $258,000 | $945,000 | $176,000 | $915,000 |
| Refinancing | 23 | $3,515,000 | $152,000 | $745,000 | $93,000 | $189,000 |
| Cash-out Refinancing | 20 | $3,870,000 | $193,000 | $925,000 | $120,000 | $289,000 |
| Other Purpose | 12 | $1,220,000 | $101,000 | $355,000 | $87,000 | $183,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 80 | $17,000,000 | $212,000 | $585,000 | $152,000 | $915,000 |
| Not applicable | 30 | $7,000,000 | $233,000 | $945,000 | $0 | $0 |
| Black or African American | 9 | $1,365,000 | $151,000 | $465,000 | $153,000 | $608,000 |
| Asian | 8 | $1,590,000 | $198,000 | $365,000 | $104,000 | $196,000 |
| Hispanic | 4 | $1,290,000 | $322,000 | $925,000 | $133,000 | $289,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 131 | $28,245,000 | $215,000 | $945,000 | $148,000 | $915,000 |
| 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 | 123 | $26,935,000 | $218,000 | $945,000 | $155,000 | $915,000 |
| Application Denied By Financial Institution | 5 | $665,000 | $133,000 | $225,000 | $37,000 | $58,000 |
| Application Withdrawn By Applicant | 3 | $645,000 | $215,000 | $355,000 | $100,000 | $128,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 126 | $27,580,000 | $218,000 | $945,000 | $153,000 | $915,000 |
| Credit History | 3 | $235,000 | $78,000 | $85,000 | $42,000 | $45,000 |
| Debt-To-Income Ratio | 2 | $430,000 | $215,000 | $225,000 | $29,000 | $58,000 |
| 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 |
| 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 Bank of Champaign-Urbana's 2024 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 Bank of Champaign-Urbana'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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