Illinois Service Fed Savings & Mortgage Lending & HMDA Data, 2010
In 2010, Illinois Service Fed Savings & of Chicago, IL reported 80 mortgage applications totaling $10.8 million, down 33% from 2009. The average application was for $135,200, and applicants reported an average income of $68,575. 55% of its applications resulted in an originated loan and 19% were denied. Its largest market was Chicago-Joliet-Naperville, IL (66).
| Mortgage Company & Address | Illinois Service Fed Savings & 4619 South King Drive Chicago, IL 60653 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 | 80 |
| Total Mortgage Loan Application Amount | $10,816,000 |
| Average Mortgage Loan Application Amount | $135,200 |
| Highest Mortgage Loan Application Amount | $880,000 |
| Average Applicant Income | $68,575 |
| Highest Applicant Income | $284,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Illinois Service Fed Savings & filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cook, Illinois | 66 | $ 9,683,000 | $ 146,712 | $ 72,000 |
| LaSalle, Illinois | 3 | $ 129,000 | $ 43,000 | $ 61,000 |
Mortgage Loan Application Detail Totals for Illinois Service Fed Savings & in 2010
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 | 44 | $5,530,000 | $125,000 | $880,000 | $70,000 | $284,000 |
| Refinancing | 34 | $5,186,000 | $152,000 | $470,000 | $68,000 | $178,000 |
| Home Improvement | 2 | $100,000 | $50,000 | $80,000 | $47,000 | $94,000 |
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 |
|---|---|---|---|---|---|---|
| Black or African American | 71 | $10,056,000 | $141,000 | $880,000 | $68,000 | $284,000 |
| White | 8 | $640,000 | $80,000 | $152,000 | $81,000 | $156,000 |
| Hispanic | 1 | $120,000 | $120,000 | $120,000 | $48,000 | $48,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 80 | $10,816,000 | $135,000 | $880,000 | $69,000 | $284,000 |
| 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 | 44 | $5,035,000 | $114,000 | $417,000 | $73,000 | $171,000 |
| Application Denied By Financial Institution | 15 | $2,145,000 | $143,000 | $300,000 | $40,000 | $100,000 |
| Preapproval Denied by Financial Institution | 10 | $973,000 | $97,000 | $225,000 | $45,000 | $68,000 |
| Application Approved But Not Accepted | 6 | $1,361,000 | $226,000 | $470,000 | $118,000 | $178,000 |
| File Closed For Incompleteness | 3 | $1,235,000 | $411,000 | $880,000 | $127,000 | $284,000 |
| Application Withdrawn By Applicant | 1 | $36,000 | $36,000 | $36,000 | $32,000 | $32,000 |
| Preapproval Approved but not Accepted | 1 | $31,000 | $31,000 | $31,000 | $102,000 | $102,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 11 | $1,439,000 | $130,000 | $290,000 | $41,000 | $100,000 |
| Credit History | 10 | $1,243,000 | $124,000 | $300,000 | $41,000 | $77,000 |
| Credit Application Incomplete | 3 | $305,000 | $101,000 | $135,000 | $50,000 | $68,000 |
| Collateral | 1 | $131,000 | $131,000 | $131,000 | $39,000 | $39,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Illinois Service Fed Savings &'s 2010 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 Illinois Service Fed Savings &'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 Illinois, download the full spreadsheet
with aggregated HMDA statistics today.
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