Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2020
In 2020, Iroquois Federal Savings & Loan Association of Watseka, IL reported 840 mortgage applications totaling $141.6 million, up 72% from 2019. The average application was for $168,535, and applicants reported an average income of $110,554. 71% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Danville, IL (240), Champaign-Urbana, IL (159) and Kankakee, IL (70) (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 | 840 |
| Total Mortgage Loan Application Amount | $141,570,000 |
| Average Mortgage Loan Application Amount | $168,535 |
| Highest Mortgage Loan Application Amount | $6,485,000 |
| Average Applicant Income | $110,554 |
| Highest Applicant Income | $974,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 240 | $ 31,170,000 | $ 129,875 | $ 88,000 |
| Champaign, Illinois | 154 | $ 39,870,000 | $ 258,896 | $ 143,000 |
| Iroquois, Illinois | 113 | $ 11,725,000 | $ 103,761 | $ 76,000 |
| Camden, Missouri | 71 | $ 15,745,000 | $ 221,760 | $ 185,000 |
| Kankakee, Illinois | 70 | $ 10,310,000 | $ 147,285 | $ 107,000 |
| Newton, Indiana | 17 | $ 1,735,000 | $ 102,058 | $ 88,000 |
| Miller, Missouri | 16 | $ 3,600,000 | $ 225,000 | $ 122,000 |
| Cook, Illinois | 12 | $ 3,860,000 | $ 321,666 | $ 229,000 |
| Fountain, Indiana | 7 | $ 795,000 | $ 113,571 | $ 90,000 |
| Warren, Indiana | 7 | $ 935,000 | $ 133,571 | $ 68,000 |
| Douglas, Illinois | 6 | $ 600,000 | $ 100,000 | $ 248,000 |
| McLean, Illinois | 6 | $ 550,000 | $ 91,666 | $ 73,000 |
| Piatt, Illinois | 5 | $ 995,000 | $ 199,000 | $ 112,000 |
| Morgan, Missouri | 5 | $ 945,000 | $ 189,000 | $ 125,000 |
| St. Louis, Missouri | 5 | $ 1,215,000 | $ 243,000 | $ 162,000 |
| Edgar, Illinois | 4 | $ 1,460,000 | $ 365,000 | $ 548,000 |
| Hamilton, Indiana | 4 | $ 350,000 | $ 87,500 | $ 63,000 |
| Jasper, Indiana | 4 | $ 1,190,000 | $ 297,500 | $ 178,000 |
| Vermillion, Indiana | 4 | $ 680,000 | $ 170,000 | $ 68,000 |
| Collier, Florida | 3 | $ 1,785,000 | $ 595,000 | $ 409,000 |
| St. Charles, Missouri | 3 | $ 735,000 | $ 245,000 | $ 356,000 |
| Pinellas, Florida | 2 | $ 550,000 | $ 275,000 | $ 222,000 |
| St. Lucie, Florida | 2 | $ 410,000 | $ 205,000 | $ 55,000 |
| Ford, Illinois | 2 | $ 150,000 | $ 75,000 | $ 81,000 |
| Tippecanoe, Indiana | 2 | $ 140,000 | $ 70,000 | $ 38,000 |
| St. Joseph, Michigan | 2 | $ 730,000 | $ 365,000 | $ 421,000 |
| Jasper, Missouri | 2 | $ 390,000 | $ 195,000 | $ 166,000 |
| Hernando, Florida | 1 | $ 175,000 | $ 175,000 | $ 654,000 |
| Jackson, Florida | 1 | $ 95,000 | $ 95,000 | $ 56,000 |
| Lee, Florida | 1 | $ 325,000 | $ 325,000 | $ 194,000 |
| Clark, Illinois | 1 | $ 365,000 | $ 365,000 | $ 300,000 |
| Coles, Illinois | 1 | $ 55,000 | $ 55,000 | $ 0 |
| De Witt, Illinois | 1 | $ 265,000 | $ 265,000 | $ 0 |
| DuPage, Illinois | 1 | $ 195,000 | $ 195,000 | $ 222,000 |
| Jo Daviess, Illinois | 1 | $ 205,000 | $ 205,000 | $ 146,000 |
| Kendall, Illinois | 1 | $ 145,000 | $ 145,000 | $ 67,000 |
| Macon, Illinois | 1 | $ 75,000 | $ 75,000 | $ 40,000 |
| Madison, Illinois | 1 | $ 65,000 | $ 65,000 | $ 40,000 |
| Monroe, Illinois | 1 | $ 65,000 | $ 65,000 | $ 226,000 |
| Tazewell, Illinois | 1 | $ 55,000 | $ 55,000 | $ 20,000 |
| Will, Illinois | 1 | $ 205,000 | $ 205,000 | $ 191,000 |
| Lake, Indiana | 1 | $ 125,000 | $ 125,000 | $ 125,000 |
| Vigo, Indiana | 1 | $ 115,000 | $ 115,000 | $ 82,000 |
| White, Indiana | 1 | $ 205,000 | $ 205,000 | $ 92,000 |
| Johnson, Kansas | 1 | $ 485,000 | $ 485,000 | $ 211,000 |
| Clay, Missouri | 1 | $ 205,000 | $ 205,000 | $ 257,000 |
| Jackson, Missouri | 1 | $ 85,000 | $ 85,000 | $ 159,000 |
| Stone, Missouri | 1 | $ 295,000 | $ 295,000 | $ 112,000 |
| Horry, South Carolina | 1 | $ 65,000 | $ 65,000 | $ 0 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2020
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 |
|---|---|---|---|---|---|---|
| Refinancing | 405 | $70,595,000 | $174,000 | $5,425,000 | $120,000 | $974,000 |
| Home Purchase | 354 | $62,420,000 | $176,000 | $6,485,000 | $97,000 | $734,000 |
| Cash-out Refinancing | 53 | $6,655,000 | $125,000 | $495,000 | $106,000 | $468,000 |
| Home Improvement | 17 | $1,165,000 | $68,000 | $175,000 | $106,000 | $421,000 |
| Other Purpose | 11 | $735,000 | $66,000 | $175,000 | $228,000 | $779,000 |
| 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 | 658 | $95,820,000 | $145,000 | $1,005,000 | $112,000 | $974,000 |
| Not applicable | 106 | $35,470,000 | $334,000 | $6,485,000 | $0 | $0 |
| Not Provided | 33 | $4,495,000 | $136,000 | $425,000 | $116,000 | $430,000 |
| Black or African American | 18 | $2,070,000 | $115,000 | $395,000 | $102,000 | $654,000 |
| Hispanic | 16 | $1,980,000 | $123,000 | $235,000 | $114,000 | $201,000 |
| Asian | 5 | $1,255,000 | $251,000 | $715,000 | $177,000 | $308,000 |
| American Indian or Alaskan Native | 2 | $140,000 | $70,000 | $115,000 | $87,000 | $132,000 |
| 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) | 835 | $141,255,000 | $169,000 | $6,485,000 | $112,000 | $974,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $315,000 | $63,000 | $85,000 | $51,000 | $77,000 |
| 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 | 598 | $109,240,000 | $182,000 | $6,485,000 | $120,000 | $886,000 |
| Application Withdrawn By Applicant | 100 | $15,400,000 | $154,000 | $515,000 | $120,000 | $974,000 |
| Application Denied By Financial Institution | 77 | $8,785,000 | $114,000 | $735,000 | $79,000 | $584,000 |
| Preapproval Denied by Financial Institution | 36 | $2,950,000 | $81,000 | $195,000 | $57,000 | $208,000 |
| File Closed For Incompleteness | 14 | $2,310,000 | $165,000 | $495,000 | $112,000 | $272,000 |
| Preapproval Approved but not Accepted | 13 | $2,015,000 | $155,000 | $295,000 | $86,000 | $192,000 |
| Application Approved But Not Accepted | 2 | $870,000 | $435,000 | $715,000 | $229,000 | $308,000 |
| 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 | 727 | $129,835,000 | $178,000 | $6,485,000 | $120,000 | $974,000 |
| Credit History | 62 | $5,370,000 | $86,000 | $265,000 | $57,000 | $208,000 |
| Debt-To-Income Ratio | 32 | $3,280,000 | $102,000 | $225,000 | $58,000 | $179,000 |
| Collateral | 11 | $1,825,000 | $165,000 | $735,000 | $139,000 | $584,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $615,000 | $123,000 | $275,000 | $96,000 | $316,000 |
| Unverifiable Information | 2 | $350,000 | $175,000 | $265,000 | $116,000 | $189,000 |
| Other | 1 | $295,000 | $295,000 | $295,000 | $468,000 | $468,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Iroquois Federal Savings & Loan Association's 2020 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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