Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2011
In 2011, Iroquois Federal Savings & Loan Association of Watseka, IL reported 569 mortgage applications totaling $67.8 million. The average application was for $119,112, and applicants reported an average income of $81,226. 57% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Danville, IL (281), Champaign-Urbana, IL (21) and Kankakee-Bradley, IL (16) (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 | 569 |
| Total Mortgage Loan Application Amount | $67,775,000 |
| Average Mortgage Loan Application Amount | $119,112 |
| Highest Mortgage Loan Application Amount | $5,852,000 |
| Average Applicant Income | $81,226 |
| Highest Applicant Income | $1,249,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 281 | $ 29,209,000 | $ 103,946 | $ 67,000 |
| Iroquois, Illinois | 108 | $ 8,683,000 | $ 80,398 | $ 70,000 |
| Camden, Missouri | 24 | $ 8,916,000 | $ 371,500 | $ 265,000 |
| Champaign, Illinois | 17 | $ 4,188,000 | $ 246,352 | $ 112,000 |
| Kankakee, Illinois | 16 | $ 1,951,000 | $ 121,937 | $ 107,000 |
| Newton, Indiana | 9 | $ 887,000 | $ 98,555 | $ 60,000 |
| Warren, Indiana | 7 | $ 713,000 | $ 101,857 | $ 91,000 |
| Miller, Missouri | 7 | $ 3,603,000 | $ 514,714 | $ 208,000 |
| Ford, Illinois | 4 | $ 185,000 | $ 46,250 | $ 46,000 |
| Fountain, Indiana | 4 | $ 619,000 | $ 154,750 | $ 101,000 |
| Vermillion, Indiana | 4 | $ 302,000 | $ 75,500 | $ 67,000 |
| Morgan, Missouri | 4 | $ 658,000 | $ 164,500 | $ 170,000 |
| Benton, Indiana | 3 | $ 220,000 | $ 73,333 | $ 73,000 |
| McLean, Illinois | 2 | $ 278,000 | $ 139,000 | $ 84,000 |
| White, Indiana | 2 | $ 262,000 | $ 131,000 | $ 344,000 |
| Cook, Illinois | 1 | $ 155,000 | $ 155,000 | $ 165,000 |
| Douglas, Illinois | 1 | $ 58,000 | $ 58,000 | $ 73,000 |
| Hamilton, Indiana | 1 | $ 354,000 | $ 354,000 | $ 0 |
| Lake, Indiana | 1 | $ 241,000 | $ 241,000 | $ 101,000 |
| Cole, Missouri | 1 | $ 258,000 | $ 258,000 | $ 0 |
| St. Charles, Missouri | 1 | $ 228,000 | $ 228,000 | $ 136,000 |
| St. Louis City, Missouri | 1 | $ 495,000 | $ 495,000 | $ 1,249,000 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2011
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 | 257 | $26,958,000 | $104,000 | $775,000 | $81,000 | $1,249,000 |
| Refinancing | 229 | $34,908,000 | $152,000 | $5,852,000 | $87,000 | $1,034,000 |
| Home Improvement | 83 | $5,909,000 | $71,000 | $825,000 | $66,000 | $431,000 |
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 | 519 | $54,237,000 | $104,000 | $1,425,000 | $85,000 | $1,249,000 |
| Not applicable | 20 | $10,824,000 | $541,000 | $5,852,000 | $0 | $0 |
| Black or African American | 10 | $569,000 | $56,000 | $108,000 | $43,000 | $95,000 |
| Not Provided | 8 | $821,000 | $102,000 | $410,000 | $60,000 | $165,000 |
| Hispanic | 5 | $419,000 | $83,000 | $200,000 | $80,000 | $189,000 |
| Asian | 4 | $740,000 | $185,000 | $392,000 | $153,000 | $230,000 |
| American Indian or Alaskan Native | 3 | $165,000 | $55,000 | $98,000 | $39,000 | $51,000 |
| 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) | 569 | $67,775,000 | $119,000 | $5,852,000 | $81,000 | $1,249,000 |
| 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 | 322 | $44,056,000 | $136,000 | $5,852,000 | $95,000 | $1,249,000 |
| Application Denied By Financial Institution | 121 | $11,315,000 | $93,000 | $463,000 | $63,000 | $470,000 |
| Preapproval Denied by Financial Institution | 70 | $5,312,000 | $75,000 | $269,000 | $41,000 | $114,000 |
| Application Withdrawn By Applicant | 32 | $4,391,000 | $137,000 | $775,000 | $111,000 | $864,000 |
| File Closed For Incompleteness | 14 | $1,674,000 | $119,000 | $257,000 | $75,000 | $111,000 |
| Application Approved But Not Accepted | 10 | $1,027,000 | $102,000 | $203,000 | $63,000 | $108,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 77 | $4,695,000 | $60,000 | $204,000 | $46,000 | $117,000 |
| Debt-To-Income Ratio | 61 | $6,030,000 | $98,000 | $417,000 | $57,000 | $470,000 |
| Collateral | 35 | $4,821,000 | $137,000 | $463,000 | $77,000 | $270,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $579,000 | $64,000 | $143,000 | $38,000 | $68,000 |
| Employment History | 6 | $333,000 | $55,000 | $81,000 | $36,000 | $57,000 |
| Credit Application Incomplete | 1 | $56,000 | $56,000 | $56,000 | $17,000 | $17,000 |
| Other | 1 | $33,000 | $33,000 | $33,000 | $147,000 | $147,000 |
| Unverifiable Information | 1 | $80,000 | $80,000 | $80,000 | $49,000 | $49,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Iroquois Federal Savings & Loan Association's 2011 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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