Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2018
In 2018, Iroquois Federal Savings & Loan Association of Watseka, IL reported 452 mortgage applications totaling $96.8 million, down 6% from 2017. The average application was for $214,048, and applicants reported an average income of $112,090. 71% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Danville, IL (130), Champaign-Urbana, IL (112) and Kankakee, IL (21) (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 | 452 |
| Total Mortgage Loan Application Amount | $96,750,000 |
| Average Mortgage Loan Application Amount | $214,048 |
| Highest Mortgage Loan Application Amount | $15,005,000 |
| Average Applicant Income | $112,090 |
| Highest Applicant Income | $3,805,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 130 | $ 10,680,000 | $ 82,153 | $ 71,000 |
| Champaign, Illinois | 105 | $ 45,925,000 | $ 437,380 | $ 142,000 |
| Camden, Missouri | 53 | $ 11,345,000 | $ 214,056 | $ 251,000 |
| Iroquois, Illinois | 48 | $ 4,210,000 | $ 87,708 | $ 71,000 |
| Kankakee, Illinois | 21 | $ 2,635,000 | $ 125,476 | $ 108,000 |
| Cook, Illinois | 7 | $ 2,835,000 | $ 405,000 | $ 758,000 |
| Piatt, Illinois | 7 | $ 1,595,000 | $ 227,857 | $ 197,000 |
| Miller, Missouri | 6 | $ 980,000 | $ 163,333 | $ 152,000 |
| Douglas, Illinois | 5 | $ 445,000 | $ 89,000 | $ 113,000 |
| McLean, Illinois | 4 | $ 410,000 | $ 102,500 | $ 0 |
| Vermillion, Indiana | 4 | $ 420,000 | $ 105,000 | $ 98,000 |
| Morgan, Missouri | 4 | $ 810,000 | $ 202,500 | $ 179,000 |
| Newton, Indiana | 3 | $ 335,000 | $ 111,666 | $ 65,000 |
| Clay, Indiana | 2 | $ 7,520,000 | $ 3,760,000 | $ 42,000 |
| Hamilton, Indiana | 2 | $ 280,000 | $ 140,000 | $ 78,000 |
| St. Lucie, Florida | 1 | $ 285,000 | $ 285,000 | $ 0 |
| DuPage, Illinois | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Livingston, Illinois | 1 | $ 85,000 | $ 85,000 | $ 83,000 |
| Benton, Indiana | 1 | $ 95,000 | $ 95,000 | $ 74,000 |
| Fountain, Indiana | 1 | $ 125,000 | $ 125,000 | $ 53,000 |
| Marshall, Indiana | 1 | $ 115,000 | $ 115,000 | $ 226,000 |
| Parke, Indiana | 1 | $ 165,000 | $ 165,000 | $ 64,000 |
| Vigo, Indiana | 1 | $ 125,000 | $ 125,000 | $ 77,000 |
| Warren, Indiana | 1 | $ 115,000 | $ 115,000 | $ 93,000 |
| Laclede, Missouri | 1 | $ 1,205,000 | $ 1,205,000 | $ 646,000 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2018
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 | 312 | $46,200,000 | $148,000 | $2,685,000 | $115,000 | $3,805,000 |
| Refinancing | 113 | $45,585,000 | $403,000 | $15,005,000 | $110,000 | $758,000 |
| Home Improvement | 21 | $4,455,000 | $212,000 | $2,375,000 | $77,000 | $182,000 |
| Cash-out Refinancing | 3 | $265,000 | $88,000 | $125,000 | $99,000 | $146,000 |
| Other Purpose | 3 | $245,000 | $81,000 | $185,000 | $147,000 | $325,000 |
| 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 | 321 | $48,405,000 | $150,000 | $5,305,000 | $116,000 | $3,805,000 |
| Not applicable | 104 | $46,320,000 | $445,000 | $15,005,000 | $0 | $0 |
| Not Provided | 12 | $760,000 | $63,000 | $165,000 | $46,000 | $87,000 |
| Black or African American | 9 | $645,000 | $71,000 | $185,000 | $51,000 | $103,000 |
| Hispanic | 4 | $220,000 | $55,000 | $105,000 | $145,000 | $318,000 |
| Asian | 2 | $400,000 | $200,000 | $295,000 | $114,000 | $192,000 |
| 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) | 441 | $95,725,000 | $217,000 | $15,005,000 | $115,000 | $3,805,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $705,000 | $78,000 | $125,000 | $44,000 | $66,000 |
| FHA-insured (Federal Housing Administration) | 2 | $320,000 | $160,000 | $175,000 | $93,000 | $101,000 |
| 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 | $80,100,000 | $248,000 | $15,005,000 | $132,000 | $3,805,000 |
| Application Denied By Financial Institution | 36 | $3,510,000 | $97,000 | $685,000 | $67,000 | $560,000 |
| Application Withdrawn By Applicant | 32 | $7,250,000 | $226,000 | $1,385,000 | $133,000 | $758,000 |
| Preapproval Denied by Financial Institution | 22 | $1,470,000 | $66,000 | $125,000 | $40,000 | $69,000 |
| Preapproval Approved but not Accepted | 19 | $2,365,000 | $124,000 | $245,000 | $67,000 | $144,000 |
| Application Approved But Not Accepted | 14 | $1,200,000 | $85,000 | $285,000 | $64,000 | $179,000 |
| File Closed For Incompleteness | 7 | $855,000 | $122,000 | $245,000 | $94,000 | $168,000 |
| 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 | 394 | $91,770,000 | $232,000 | $15,005,000 | $124,000 | $3,805,000 |
| Credit History | 30 | $1,770,000 | $59,000 | $245,000 | $46,000 | $105,000 |
| Debt-To-Income Ratio | 20 | $1,960,000 | $98,000 | $435,000 | $41,000 | $110,000 |
| Collateral | 6 | $1,070,000 | $178,000 | $685,000 | $157,000 | $560,000 |
| Employment History | 1 | $85,000 | $85,000 | $85,000 | $74,000 | $74,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $95,000 | $95,000 | $95,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Iroquois Federal Savings & Loan Association's 2018 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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