Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2021
In 2021, Iroquois Federal Savings & Loan Association of Watseka, IL reported 747 mortgage applications totaling $130.3 million, down 11% from 2020. The average application was for $174,397, and applicants reported an average income of $115,998. 73% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Danville, IL (215), Champaign-Urbana, IL (181) and Kankakee, IL (40) (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 | 747 |
| Total Mortgage Loan Application Amount | $130,275,000 |
| Average Mortgage Loan Application Amount | $174,397 |
| Highest Mortgage Loan Application Amount | $11,195,000 |
| Average Applicant Income | $115,998 |
| Highest Applicant Income | $7,116,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | $ 24,305,000 | $ 113,046 | $ 82,000 |
| Champaign, Illinois | 168 | $ 41,740,000 | $ 248,452 | $ 136,000 |
| Iroquois, Illinois | 108 | $ 11,380,000 | $ 105,370 | $ 75,000 |
| Camden, Missouri | 55 | $ 17,155,000 | $ 311,909 | $ 295,000 |
| Kankakee, Illinois | 40 | $ 5,620,000 | $ 140,500 | $ 82,000 |
| Piatt, Illinois | 13 | $ 2,025,000 | $ 155,769 | $ 134,000 |
| Miller, Missouri | 11 | $ 3,145,000 | $ 285,909 | $ 189,000 |
| Newton, Indiana | 10 | $ 1,080,000 | $ 108,000 | $ 59,000 |
| Fountain, Indiana | 8 | $ 820,000 | $ 102,500 | $ 93,000 |
| Cook, Illinois | 6 | $ 3,520,000 | $ 586,666 | $ 381,000 |
| Ford, Illinois | 5 | $ 1,065,000 | $ 213,000 | $ 55,000 |
| McLean, Illinois | 5 | $ 325,000 | $ 65,000 | $ 0 |
| Warren, Indiana | 5 | $ 345,000 | $ 69,000 | $ 73,000 |
| Tazewell, Illinois | 3 | $ 685,000 | $ 228,333 | $ 116,000 |
| Benton, Indiana | 3 | $ 415,000 | $ 138,333 | $ 96,000 |
| Tippecanoe, Indiana | 3 | $ 755,000 | $ 251,666 | $ 109,000 |
| Morgan, Missouri | 3 | $ 1,085,000 | $ 361,666 | $ 234,000 |
| Maricopa, Arizona | 2 | $ 370,000 | $ 185,000 | $ 196,000 |
| Lee, Florida | 2 | $ 3,250,000 | $ 1,625,000 | $ 1,110,000 |
| Douglas, Illinois | 2 | $ 230,000 | $ 115,000 | $ 0 |
| Effingham, Illinois | 2 | $ 570,000 | $ 285,000 | $ 146,000 |
| Peoria, Illinois | 2 | $ 130,000 | $ 65,000 | $ 0 |
| Will, Illinois | 2 | $ 470,000 | $ 235,000 | $ 73,000 |
| Marshall, Kentucky | 2 | $ 460,000 | $ 230,000 | $ 56,000 |
| Collier, Florida | 1 | $ 335,000 | $ 335,000 | $ 1,011,000 |
| Coles, Illinois | 1 | $ 325,000 | $ 325,000 | $ 0 |
| DuPage, Illinois | 1 | $ 145,000 | $ 145,000 | $ 109,000 |
| Fayette, Illinois | 1 | $ 145,000 | $ 145,000 | $ 180,000 |
| LaSalle, Illinois | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Macon, Illinois | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Saline, Illinois | 1 | $ 135,000 | $ 135,000 | $ 93,000 |
| Woodford, Illinois | 1 | $ 115,000 | $ 115,000 | $ 38,000 |
| Hendricks, Indiana | 1 | $ 185,000 | $ 185,000 | $ 90,000 |
| Vermillion, Indiana | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Laurel, Kentucky | 1 | $ 405,000 | $ 405,000 | $ 500,000 |
| Fayette, Tennessee | 1 | $ 165,000 | $ 165,000 | $ 209,000 |
| White, Tennessee | 1 | $ 165,000 | $ 165,000 | $ 0 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2021
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 | 425 | $69,555,000 | $163,000 | $3,055,000 | $124,000 | $7,116,000 |
| Refinancing | 279 | $57,475,000 | $206,000 | $11,195,000 | $109,000 | $1,011,000 |
| Other Purpose | 17 | $1,445,000 | $85,000 | $305,000 | $74,000 | $207,000 |
| Home Improvement | 16 | $920,000 | $57,000 | $155,000 | $92,000 | $177,000 |
| Cash-out Refinancing | 10 | $880,000 | $88,000 | $125,000 | $81,000 | $162,000 |
| 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 | 519 | $82,975,000 | $159,000 | $3,055,000 | $117,000 | $7,116,000 |
| Not applicable | 155 | $38,125,000 | $245,000 | $11,195,000 | $0 | $0 |
| Not Provided | 35 | $4,415,000 | $126,000 | $545,000 | $96,000 | $445,000 |
| Black or African American | 19 | $2,105,000 | $110,000 | $275,000 | $64,000 | $161,000 |
| Hispanic | 9 | $1,015,000 | $112,000 | $215,000 | $92,000 | $203,000 |
| Asian | 6 | $1,220,000 | $203,000 | $405,000 | $184,000 | $500,000 |
| American Indian or Alaskan Native | 1 | $45,000 | $45,000 | $45,000 | $3,000 | $3,000 |
| 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) | 744 | $130,000,000 | $174,000 | $11,195,000 | $115,000 | $7,116,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $275,000 | $91,000 | $125,000 | $53,000 | $67,000 |
| 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 | 547 | $100,095,000 | $182,000 | $11,195,000 | $131,000 | $7,116,000 |
| Application Denied By Financial Institution | 63 | $7,675,000 | $121,000 | $715,000 | $64,000 | $381,000 |
| Application Withdrawn By Applicant | 63 | $13,085,000 | $207,000 | $3,055,000 | $133,000 | $1,110,000 |
| Preapproval Denied by Financial Institution | 37 | $3,385,000 | $91,000 | $205,000 | $51,000 | $161,000 |
| Preapproval Approved but not Accepted | 22 | $3,570,000 | $162,000 | $365,000 | $78,000 | $178,000 |
| File Closed For Incompleteness | 11 | $1,325,000 | $120,000 | $525,000 | $67,000 | $124,000 |
| Application Approved But Not Accepted | 4 | $1,140,000 | $285,000 | $455,000 | $139,000 | $160,000 |
| 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 | 647 | $119,215,000 | $184,000 | $11,195,000 | $127,000 | $7,116,000 |
| Credit History | 59 | $5,455,000 | $92,000 | $715,000 | $57,000 | $381,000 |
| Debt-To-Income Ratio | 27 | $4,215,000 | $156,000 | $495,000 | $58,000 | $208,000 |
| Collateral | 6 | $780,000 | $130,000 | $195,000 | $92,000 | $158,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $400,000 | $100,000 | $125,000 | $47,000 | $63,000 |
| Employment History | 2 | $100,000 | $50,000 | $65,000 | $61,000 | $105,000 |
| Other | 1 | $15,000 | $15,000 | $15,000 | $100,000 | $100,000 |
| Unverifiable Information | 1 | $95,000 | $95,000 | $95,000 | $57,000 | $57,000 |
| 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 2021 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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