Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2017
In 2017, Iroquois Federal Savings & Loan Association of Watseka, IL reported 482 mortgage applications totaling $113.2 million, down 12% from 2016. The average application was for $234,840, and applicants reported an average income of $92,402. 71% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Danville, IL (171), Champaign-Urbana, IL (103) and Kankakee, 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 | 482 |
| Total Mortgage Loan Application Amount | $113,193,000 |
| Average Mortgage Loan Application Amount | $234,840 |
| Highest Mortgage Loan Application Amount | $10,875,000 |
| Average Applicant Income | $92,402 |
| Highest Applicant Income | $1,920,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 171 | $ 17,002,000 | $ 99,426 | $ 72,000 |
| Champaign, Illinois | 95 | $ 58,089,000 | $ 611,463 | $ 55,000 |
| Camden, Missouri | 64 | $ 14,360,000 | $ 224,375 | $ 184,000 |
| Iroquois, Illinois | 50 | $ 3,238,000 | $ 64,760 | $ 78,000 |
| Kankakee, Illinois | 16 | $ 2,385,000 | $ 149,062 | $ 86,000 |
| Miller, Missouri | 9 | $ 2,221,000 | $ 246,777 | $ 158,000 |
| Piatt, Illinois | 7 | $ 797,000 | $ 113,857 | $ 18,000 |
| Cook, Illinois | 6 | $ 3,473,000 | $ 578,833 | $ 404,000 |
| Newton, Indiana | 6 | $ 493,000 | $ 82,166 | $ 59,000 |
| Morgan, Missouri | 5 | $ 839,000 | $ 167,800 | $ 112,000 |
| Collier, Florida | 3 | $ 4,758,000 | $ 1,586,000 | $ 760,000 |
| Fountain, Indiana | 3 | $ 276,000 | $ 92,000 | $ 84,000 |
| McLean, Illinois | 2 | $ 240,000 | $ 120,000 | $ 84,000 |
| Lake, Indiana | 2 | $ 113,000 | $ 56,500 | $ 0 |
| Vermillion, Indiana | 2 | $ 701,000 | $ 350,500 | $ 154,000 |
| Boone, Missouri | 2 | $ 652,000 | $ 326,000 | $ 68,000 |
| St. Lucie, Florida | 1 | $ 174,000 | $ 174,000 | $ 202,000 |
| Coles, Illinois | 1 | $ 25,000 | $ 25,000 | $ 0 |
| Douglas, Illinois | 1 | $ 320,000 | $ 320,000 | $ 0 |
| Ford, Illinois | 1 | $ 50,000 | $ 50,000 | $ 25,000 |
| Tazewell, Illinois | 1 | $ 82,000 | $ 82,000 | $ 0 |
| White, Indiana | 1 | $ 149,000 | $ 149,000 | $ 38,000 |
| Jefferson, Kentucky | 1 | $ 5,000 | $ 5,000 | $ 117,000 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2017
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 | 296 | $57,447,000 | $194,000 | $10,875,000 | $93,000 | $1,758,000 |
| Refinancing | 105 | $49,282,000 | $469,000 | $9,779,000 | $108,000 | $1,920,000 |
| Home Improvement | 81 | $6,464,000 | $79,000 | $716,000 | $70,000 | $395,000 |
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 | 354 | $47,514,000 | $134,000 | $2,200,000 | $117,000 | $1,920,000 |
| Not applicable | 87 | $61,646,000 | $708,000 | $10,875,000 | $0 | $0 |
| Not Provided | 17 | $2,332,000 | $137,000 | $350,000 | $88,000 | $275,000 |
| Black or African American | 16 | $1,030,000 | $64,000 | $212,000 | $64,000 | $128,000 |
| Hispanic | 7 | $625,000 | $89,000 | $171,000 | $64,000 | $106,000 |
| Asian | 1 | $46,000 | $46,000 | $46,000 | $84,000 | $84,000 |
| 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) | 466 | $111,900,000 | $240,000 | $10,875,000 | $94,000 | $1,920,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 16 | $1,293,000 | $80,000 | $162,000 | $40,000 | $84,000 |
| 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 | 343 | $91,227,000 | $265,000 | $10,875,000 | $86,000 | $1,758,000 |
| Application Withdrawn By Applicant | 48 | $13,342,000 | $277,000 | $2,200,000 | $183,000 | $1,920,000 |
| Application Denied By Financial Institution | 46 | $4,059,000 | $88,000 | $936,000 | $63,000 | $344,000 |
| Preapproval Denied by Financial Institution | 31 | $2,611,000 | $84,000 | $195,000 | $47,000 | $110,000 |
| Application Approved But Not Accepted | 8 | $1,407,000 | $175,000 | $640,000 | $168,000 | $747,000 |
| File Closed For Incompleteness | 5 | $407,000 | $81,000 | $124,000 | $78,000 | $136,000 |
| Preapproval Approved but not Accepted | 1 | $140,000 | $140,000 | $140,000 | $82,000 | $82,000 |
| 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 | 47 | $2,988,000 | $63,000 | $195,000 | $55,000 | $162,000 |
| Debt-To-Income Ratio | 20 | $1,524,000 | $76,000 | $212,000 | $37,000 | $73,000 |
| Collateral | 5 | $1,654,000 | $330,000 | $936,000 | $153,000 | $344,000 |
| Unverifiable Information | 2 | $77,000 | $38,000 | $48,000 | $45,000 | $66,000 |
| Employment History | 2 | $265,000 | $132,000 | $165,000 | $54,000 | $57,000 |
| Other | 1 | $162,000 | $162,000 | $162,000 | $84,000 | $84,000 |
| Credit Application Incomplete | 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 Iroquois Federal Savings & Loan Association's 2017 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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