Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2015
In 2015, Iroquois Federal Savings & Loan Association of Watseka, IL reported 534 mortgage applications totaling $104.5 million, up 35% from 2014. The average application was for $195,771, and applicants reported an average income of $90,204. 59% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Danville, IL (215), Champaign-Urbana, IL (39) and Chicago-Naperville-Arlington Heights, IL (39) (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 | 534 |
| Total Mortgage Loan Application Amount | $104,542,000 |
| Average Mortgage Loan Application Amount | $195,771 |
| Highest Mortgage Loan Application Amount | $8,840,000 |
| Average Applicant Income | $90,204 |
| Highest Applicant Income | $1,740,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 215 | $ 20,086,000 | $ 93,423 | $ 84,000 |
| Iroquois, Illinois | 67 | $ 5,174,000 | $ 77,223 | $ 69,000 |
| Camden, Missouri | 58 | $ 12,357,000 | $ 213,051 | $ 171,000 |
| Champaign, Illinois | 38 | $ 36,473,000 | $ 959,815 | $ 151,000 |
| Cook, Illinois | 34 | $ 15,378,000 | $ 452,294 | $ 24,000 |
| Kankakee, Illinois | 19 | $ 2,693,000 | $ 141,736 | $ 72,000 |
| Miller, Missouri | 12 | $ 2,398,000 | $ 199,833 | $ 165,000 |
| Newton, Indiana | 8 | $ 634,000 | $ 79,250 | $ 48,000 |
| Morgan, Missouri | 7 | $ 1,230,000 | $ 175,714 | $ 151,000 |
| Fountain, Indiana | 5 | $ 509,000 | $ 101,800 | $ 54,000 |
| Will, Illinois | 4 | $ 1,362,000 | $ 340,500 | $ 33,000 |
| McLean, Illinois | 2 | $ 268,000 | $ 134,000 | $ 91,000 |
| Moultrie, Illinois | 2 | $ 30,000 | $ 15,000 | $ 0 |
| Hamilton, Indiana | 2 | $ 353,000 | $ 176,500 | $ 75,000 |
| DuPage, Illinois | 1 | $ 228,000 | $ 228,000 | $ 0 |
| Edgar, Illinois | 1 | $ 104,000 | $ 104,000 | $ 131,000 |
| Ford, Illinois | 1 | $ 123,000 | $ 123,000 | $ 53,000 |
| Benton, Indiana | 1 | $ 4,000 | $ 4,000 | $ 85,000 |
| Tippecanoe, Indiana | 1 | $ 141,000 | $ 141,000 | $ 48,000 |
| Vermillion, Indiana | 1 | $ 120,000 | $ 120,000 | $ 62,000 |
| Warren, Indiana | 1 | $ 16,000 | $ 16,000 | $ 170,000 |
| Cole, Missouri | 1 | $ 392,000 | $ 392,000 | $ 76,000 |
| St. Charles, Missouri | 1 | $ 348,000 | $ 348,000 | $ 250,000 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2015
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 | 309 | $61,310,000 | $198,000 | $8,840,000 | $96,000 | $920,000 |
| Refinancing | 145 | $37,929,000 | $261,000 | $3,704,000 | $89,000 | $1,740,000 |
| Home Improvement | 80 | $5,303,000 | $66,000 | $900,000 | $70,000 | $446,000 |
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 | 422 | $49,577,000 | $117,000 | $900,000 | $101,000 | $1,740,000 |
| Not applicable | 59 | $48,382,000 | $820,000 | $8,840,000 | $0 | $0 |
| Not Provided | 18 | $2,509,000 | $139,000 | $388,000 | $119,000 | $279,000 |
| Asian | 13 | $2,395,000 | $184,000 | $360,000 | $152,000 | $326,000 |
| Black or African American | 11 | $823,000 | $74,000 | $356,000 | $67,000 | $246,000 |
| Hispanic | 8 | $522,000 | $65,000 | $120,000 | $63,000 | $157,000 |
| American Indian or Alaskan Native | 3 | $334,000 | $111,000 | $153,000 | $80,000 | $167,000 |
| 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) | 529 | $104,274,000 | $197,000 | $8,840,000 | $91,000 | $1,740,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $268,000 | $53,000 | $90,000 | $33,000 | $64,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 315 | $79,584,000 | $252,000 | $8,840,000 | $86,000 | $920,000 |
| Application Denied By Financial Institution | 84 | $9,813,000 | $116,000 | $1,575,000 | $67,000 | $366,000 |
| Application Withdrawn By Applicant | 63 | $8,475,000 | $134,000 | $468,000 | $165,000 | $1,740,000 |
| Preapproval Denied by Financial Institution | 51 | $4,017,000 | $78,000 | $350,000 | $47,000 | $157,000 |
| File Closed For Incompleteness | 14 | $1,841,000 | $131,000 | $360,000 | $124,000 | $326,000 |
| Application Approved But Not Accepted | 7 | $812,000 | $116,000 | $252,000 | $105,000 | $188,000 |
| 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 | 63 | $3,812,000 | $60,000 | $312,000 | $58,000 | $366,000 |
| Debt-To-Income Ratio | 45 | $5,731,000 | $127,000 | $500,000 | $54,000 | $222,000 |
| Collateral | 18 | $2,036,000 | $113,000 | $328,000 | $85,000 | $244,000 |
| Employment History | 4 | $282,000 | $70,000 | $125,000 | $44,000 | $85,000 |
| Other | 3 | $1,706,000 | $568,000 | $1,575,000 | $25,000 | $76,000 |
| Unverifiable Information | 1 | $163,000 | $163,000 | $163,000 | $119,000 | $119,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $100,000 | $100,000 | $100,000 | $60,000 | $60,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Iroquois Federal Savings & Loan Association's 2015 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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