Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2014
In 2014, Iroquois Federal Savings & Loan Association of Watseka, IL reported 395 mortgage applications totaling $65.7 million, down 33% from 2013. The average application was for $166,215, and applicants reported an average income of $87,491. 54% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Danville, IL (170), Chicago-Naperville-Arlington Heights, IL (20) and Champaign-Urbana, IL (13) (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 | 395 |
| Total Mortgage Loan Application Amount | $65,655,000 |
| Average Mortgage Loan Application Amount | $166,215 |
| Highest Mortgage Loan Application Amount | $6,000,000 |
| Average Applicant Income | $87,491 |
| Highest Applicant Income | $1,820,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 170 | $ 12,827,000 | $ 75,452 | $ 64,000 |
| Camden, Missouri | 47 | $ 12,600,000 | $ 268,085 | $ 202,000 |
| Iroquois, Illinois | 46 | $ 3,588,000 | $ 78,000 | $ 77,000 |
| Cook, Illinois | 19 | $ 11,383,000 | $ 599,105 | $ 35,000 |
| Champaign, Illinois | 13 | $ 14,236,000 | $ 1,095,076 | $ 75,000 |
| Miller, Missouri | 9 | $ 2,562,000 | $ 284,666 | $ 247,000 |
| Morgan, Missouri | 8 | $ 1,175,000 | $ 146,875 | $ 91,000 |
| Kankakee, Illinois | 7 | $ 772,000 | $ 110,285 | $ 74,000 |
| Newton, Indiana | 6 | $ 380,000 | $ 63,333 | $ 43,000 |
| Benton, Indiana | 2 | $ 108,000 | $ 54,000 | $ 42,000 |
| Fountain, Indiana | 2 | $ 315,000 | $ 157,500 | $ 107,000 |
| Hamilton, Indiana | 2 | $ 176,000 | $ 88,000 | $ 101,000 |
| Vermillion, Indiana | 2 | $ 191,000 | $ 95,500 | $ 100,000 |
| Warren, Indiana | 2 | $ 127,000 | $ 63,500 | $ 58,000 |
| St. Charles, Missouri | 2 | $ 270,000 | $ 135,000 | $ 40,000 |
| Grundy, Illinois | 1 | $ 2,000 | $ 2,000 | $ 66,000 |
| McLean, Illinois | 1 | $ 2,000 | $ 2,000 | $ 67,000 |
| St. Clair, Illinois | 1 | $ 384,000 | $ 384,000 | $ 0 |
| Berrien, Michigan | 1 | $ 150,000 | $ 150,000 | $ 83,000 |
| Grand Traverse, Michigan | 1 | $ 395,000 | $ 395,000 | $ 0 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2014
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 | 245 | $36,312,000 | $148,000 | $3,000,000 | $109,000 | $1,820,000 |
| Refinancing | 84 | $19,306,000 | $229,000 | $2,024,000 | $44,000 | $226,000 |
| Home Improvement | 66 | $10,037,000 | $152,000 | $6,000,000 | $63,000 | $289,000 |
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 | 314 | $40,671,000 | $129,000 | $6,000,000 | $100,000 | $1,820,000 |
| Not applicable | 38 | $19,967,000 | $525,000 | $3,000,000 | $0 | $0 |
| Black or African American | 15 | $852,000 | $56,000 | $172,000 | $51,000 | $123,000 |
| Not Provided | 11 | $1,660,000 | $150,000 | $278,000 | $77,000 | $145,000 |
| Hispanic | 10 | $732,000 | $73,000 | $286,000 | $51,000 | $117,000 |
| Asian | 6 | $1,738,000 | $289,000 | $573,000 | $205,000 | $625,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $35,000 | $35,000 | $35,000 | $32,000 | $32,000 |
| American Indian or Alaskan Native | 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) | 395 | $65,655,000 | $166,000 | $6,000,000 | $88,000 | $1,820,000 |
| 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 | 212 | $45,464,000 | $214,000 | $6,000,000 | $96,000 | $1,121,000 |
| Application Denied By Financial Institution | 69 | $7,279,000 | $105,000 | $1,356,000 | $51,000 | $212,000 |
| Preapproval Denied by Financial Institution | 53 | $4,012,000 | $75,000 | $380,000 | $81,000 | $1,820,000 |
| Application Withdrawn By Applicant | 47 | $7,104,000 | $151,000 | $1,000,000 | $108,000 | $625,000 |
| Application Approved But Not Accepted | 8 | $1,478,000 | $184,000 | $600,000 | $114,000 | $256,000 |
| File Closed For Incompleteness | 6 | $318,000 | $53,000 | $125,000 | $67,000 | $121,000 |
| 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 | 59 | $3,535,000 | $59,000 | $275,000 | $47,000 | $180,000 |
| Debt-To-Income Ratio | 35 | $4,198,000 | $119,000 | $924,000 | $51,000 | $212,000 |
| Collateral | 12 | $805,000 | $67,000 | $142,000 | $59,000 | $92,000 |
| Employment History | 8 | $714,000 | $89,000 | $135,000 | $60,000 | $117,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $554,000 | $110,000 | $440,000 | $387,000 | $1,820,000 |
| Other | 2 | $1,398,000 | $699,000 | $1,356,000 | $71,000 | $143,000 |
| Unverifiable Information | 1 | $87,000 | $87,000 | $87,000 | $29,000 | $29,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Iroquois Federal Savings & Loan Association's 2014 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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