Illinois Service Fed S&L Assn Mortgage Lending & HMDA Data, 2012
In 2012, Illinois Service Fed S&L Assn of Chicago, IL reported 113 mortgage applications totaling $10.2 million, up 77% from 2011. The average application was for $90,628, and applicants reported an average income of $72,433. 28% of its applications resulted in an originated loan and 25% were denied. Its largest market was Chicago-Joliet-Naperville, IL (60).
| Mortgage Company & Address | Illinois Service Fed S&L Assn 4619 South King Drive Chicago, IL 60653 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 113 |
| Total Mortgage Loan Application Amount | $10,241,000 |
| Average Mortgage Loan Application Amount | $90,628 |
| Highest Mortgage Loan Application Amount | $473,000 |
| Average Applicant Income | $72,433 |
| Highest Applicant Income | $542,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Illinois Service Fed S&L Assn filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 60 | $ 6,295,000 | $ 104,916 | $ 75,000 |
Mortgage Loan Application Detail Totals for Illinois Service Fed S&L Assn in 2012
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 | 60 | $4,638,000 | $77,000 | $260,000 | $59,000 | $191,000 |
| Refinancing | 37 | $4,379,000 | $118,000 | $473,000 | $97,000 | $542,000 |
| Home Improvement | 16 | $1,224,000 | $76,000 | $175,000 | $66,000 | $175,000 |
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 | 99 | $8,421,000 | $85,000 | $473,000 | $67,000 | $332,000 |
| White | 7 | $1,319,000 | $188,000 | $406,000 | $155,000 | $542,000 |
| Not Provided | 4 | $220,000 | $55,000 | $100,000 | $40,000 | $54,000 |
| Hispanic | 3 | $281,000 | $93,000 | $101,000 | $102,000 | $163,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 113 | $10,241,000 | $90,000 | $473,000 | $72,000 | $542,000 |
| 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 |
|---|---|---|---|---|---|---|
| Preapproval Denied by Financial Institution | 38 | $2,808,000 | $73,000 | $203,000 | $56,000 | $191,000 |
| Loan Originated | 32 | $3,538,000 | $110,000 | $406,000 | $75,000 | $295,000 |
| Application Denied By Financial Institution | 28 | $2,370,000 | $84,000 | $473,000 | $83,000 | $542,000 |
| Application Withdrawn By Applicant | 8 | $1,101,000 | $137,000 | $248,000 | $110,000 | $332,000 |
| File Closed For Incompleteness | 4 | $195,000 | $48,000 | $80,000 | $42,000 | $54,000 |
| Preapproval Approved but not Accepted | 2 | $220,000 | $110,000 | $135,000 | $126,000 | $173,000 |
| Application Approved But Not Accepted | 1 | $9,000 | $9,000 | $9,000 | $47,000 | $47,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 54 | $3,891,000 | $72,000 | $203,000 | $66,000 | $542,000 |
| Debt-To-Income Ratio | 4 | $249,000 | $62,000 | $90,000 | $84,000 | $175,000 |
| Collateral | 4 | $850,000 | $212,000 | $473,000 | $85,000 | $144,000 |
| Other | 4 | $188,000 | $47,000 | $90,000 | $55,000 | $63,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Illinois Service Fed S&L Assn's 2012 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 S&L Assn'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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