Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2025
In 2025, Iroquois Federal Savings & Loan Association of Watseka, IL reported 387 mortgage applications totaling $82.9 million, up 10% from 2024. The average application was for $214,198, and applicants reported an average income of $161,516. 70% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Champaign-Urbana, IL (87), Kankakee, IL (28) and Chicago-Naperville, IL (12) (applications in parentheses).
| Mortgage Company & Address | Iroquois Federal Savings & Loan Association 201 E Cherry St Watseka, IL 60970 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 | 387 |
| Total Mortgage Loan Application Amount | $82,895,000 |
| Average Mortgage Loan Application Amount | $214,198 |
| Highest Mortgage Loan Application Amount | $3,805,000 |
| Average Applicant Income | $161,516 |
| Highest Applicant Income | $2,519,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Iroquois Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Vermilion, Illinois | 119 | $ 19,295,000 | $ 162,142 | $ 150,000 |
| Champaign, Illinois | 83 | $ 20,145,000 | $ 242,710 | $ 173,000 |
| Kankakee, Illinois | 28 | $ 4,250,000 | $ 151,785 | $ 124,000 |
| Iroquois, Illinois | 25 | $ 3,155,000 | $ 126,200 | $ 90,000 |
| Camden, Missouri | 23 | $ 6,325,000 | $ 275,000 | $ 161,000 |
| Fountain, Indiana | 6 | $ 1,260,000 | $ 210,000 | $ 151,000 |
| DuPage, Illinois | 5 | $ 2,555,000 | $ 511,000 | $ 0 |
| Douglas, Illinois | 4 | $ 630,000 | $ 157,500 | $ 80,000 |
| Miller, Missouri | 4 | $ 1,670,000 | $ 417,500 | $ 213,000 |
| Cook, Illinois | 3 | $ 785,000 | $ 261,666 | $ 177,000 |
| Will, Illinois | 3 | $ 1,375,000 | $ 458,333 | $ 413,000 |
| Jasper, Indiana | 3 | $ 1,645,000 | $ 548,333 | $ 160,000 |
| Morgan, Missouri | 3 | $ 1,625,000 | $ 541,666 | $ 161,000 |
| Coles, Illinois | 2 | $ 120,000 | $ 60,000 | $ 48,000 |
| Ford, Illinois | 2 | $ 290,000 | $ 145,000 | $ 181,000 |
| Piatt, Illinois | 2 | $ 720,000 | $ 360,000 | $ 107,000 |
| Tazewell, Illinois | 2 | $ 150,000 | $ 75,000 | $ 0 |
| Hendricks, Indiana | 2 | $ 210,000 | $ 105,000 | $ 0 |
| Newton, Indiana | 2 | $ 120,000 | $ 60,000 | $ 57,000 |
| Tippecanoe, Indiana | 2 | $ 770,000 | $ 385,000 | $ 659,000 |
| Baldwin, Alabama | 1 | $ 425,000 | $ 425,000 | $ 2,329,000 |
| Broward, Florida | 1 | $ 3,805,000 | $ 3,805,000 | $ 2,519,000 |
| Franklin, Florida | 1 | $ 545,000 | $ 545,000 | $ 0 |
| Grundy, Illinois | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Lake, Illinois | 1 | $ 455,000 | $ 455,000 | $ 161,000 |
| LaSalle, Illinois | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Livingston, Illinois | 1 | $ 135,000 | $ 135,000 | $ 57,000 |
| McLean, Illinois | 1 | $ 55,000 | $ 55,000 | $ 64,000 |
| Peoria, Illinois | 1 | $ 125,000 | $ 125,000 | $ 26,000 |
| Saline, Illinois | 1 | $ 145,000 | $ 145,000 | $ 59,000 |
| Hamilton, Indiana | 1 | $ 205,000 | $ 205,000 | $ 71,000 |
| Johnson, Indiana | 1 | $ 205,000 | $ 205,000 | $ 71,000 |
| Oldham, Kentucky | 1 | $ 145,000 | $ 145,000 | $ 243,000 |
| Boone, Missouri | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Sevier, Tennessee | 1 | $ 495,000 | $ 495,000 | $ 630,000 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2025
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 | 280 | $57,270,000 | $204,000 | $1,295,000 | $162,000 | $2,329,000 |
| Refinancing | 76 | $22,160,000 | $291,000 | $3,805,000 | $177,000 | $2,519,000 |
| Home Improvement | 17 | $2,515,000 | $147,000 | $985,000 | $121,000 | $275,000 |
| Other Purpose | 14 | $950,000 | $67,000 | $155,000 | $117,000 | $275,000 |
| Cash-out Refinancing | 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 | 228 | $43,950,000 | $192,000 | $3,805,000 | $168,000 | $2,519,000 |
| Not applicable | 118 | $31,680,000 | $268,000 | $1,295,000 | $0 | $0 |
| Black or African American | 21 | $3,765,000 | $179,000 | $765,000 | $124,000 | $844,000 |
| Hispanic | 9 | $1,715,000 | $190,000 | $755,000 | $127,000 | $697,000 |
| Asian | 7 | $1,475,000 | $210,000 | $385,000 | $130,000 | $169,000 |
| Not Provided | 4 | $310,000 | $77,000 | $135,000 | $34,000 | $46,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 387 | $82,895,000 | $214,000 | $3,805,000 | $160,000 | $2,519,000 |
| 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 | 272 | $62,230,000 | $228,000 | $3,805,000 | $197,000 | $2,519,000 |
| Application Withdrawn By Applicant | 33 | $6,735,000 | $204,000 | $855,000 | $148,000 | $697,000 |
| Preapproval Approved but not Accepted | 27 | $5,075,000 | $187,000 | $515,000 | $109,000 | $570,000 |
| Application Denied By Financial Institution | 22 | $2,510,000 | $114,000 | $445,000 | $68,000 | $216,000 |
| Preapproval Denied by Financial Institution | 21 | $3,285,000 | $156,000 | $385,000 | $77,000 | $181,000 |
| Application Approved But Not Accepted | 9 | $2,535,000 | $281,000 | $705,000 | $132,000 | $216,000 |
| File Closed For Incompleteness | 3 | $525,000 | $175,000 | $205,000 | $73,000 | $134,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 344 | $77,100,000 | $224,000 | $3,805,000 | $176,000 | $2,519,000 |
| Credit History | 21 | $2,265,000 | $107,000 | $275,000 | $81,000 | $216,000 |
| Debt-To-Income Ratio | 18 | $2,960,000 | $164,000 | $445,000 | $65,000 | $163,000 |
| Collateral | 2 | $130,000 | $65,000 | $75,000 | $48,000 | $64,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $440,000 | $220,000 | $235,000 | $92,000 | $92,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Iroquois Federal Savings & Loan Association's 2025 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 Iroquois Federal Savings & Loan Association'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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