Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2023
In 2023, Iroquois Federal Savings & Loan Association of Watseka, IL reported 466 mortgage applications totaling $118.4 million, down 14% from 2022. The average application was for $254,034, and applicants reported an average income of $141,916. 68% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Champaign-Urbana, IL (128), Danville, IL (98) and Kankakee, IL (36) (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 | 466 |
| Total Mortgage Loan Application Amount | $118,380,000 |
| Average Mortgage Loan Application Amount | $254,034 |
| Highest Mortgage Loan Application Amount | $20,075,000 |
| Average Applicant Income | $141,916 |
| Highest Applicant Income | $1,563,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Champaign, Illinois | 122 | $ 48,190,000 | $ 395,000 | $ 171,000 |
| Vermilion, Illinois | 98 | $ 8,530,000 | $ 87,040 | $ 88,000 |
| Kankakee, Illinois | 36 | $ 5,150,000 | $ 143,055 | $ 186,000 |
| Camden, Missouri | 33 | $ 14,485,000 | $ 438,939 | $ 249,000 |
| Iroquois, Illinois | 27 | $ 2,265,000 | $ 83,888 | $ 64,000 |
| Macon, Illinois | 22 | $ 2,040,000 | $ 92,727 | $ 123,000 |
| Piatt, Illinois | 6 | $ 1,480,000 | $ 246,666 | $ 179,000 |
| Miller, Missouri | 5 | $ 2,465,000 | $ 493,000 | $ 430,000 |
| Cook, Illinois | 4 | $ 1,270,000 | $ 317,500 | $ 351,000 |
| Douglas, Illinois | 4 | $ 1,730,000 | $ 432,500 | $ 0 |
| Ford, Illinois | 4 | $ 500,000 | $ 125,000 | $ 74,000 |
| Coles, Illinois | 3 | $ 4,295,000 | $ 1,431,666 | $ 97,000 |
| McLean, Illinois | 3 | $ 575,000 | $ 191,666 | $ 590,000 |
| Peoria, Illinois | 3 | $ 1,255,000 | $ 418,333 | $ 0 |
| Lee, Florida | 2 | $ 1,060,000 | $ 530,000 | $ 1,563,000 |
| Logan, Illinois | 2 | $ 130,000 | $ 65,000 | $ 0 |
| Fountain, Indiana | 2 | $ 430,000 | $ 215,000 | $ 192,000 |
| Tippecanoe, Indiana | 2 | $ 140,000 | $ 70,000 | $ 881,000 |
| Morgan, Missouri | 2 | $ 1,260,000 | $ 630,000 | $ 313,000 |
| St. Louis, Missouri | 2 | $ 360,000 | $ 180,000 | $ 72,000 |
| Maricopa, Arizona | 1 | $ 855,000 | $ 855,000 | $ 245,000 |
| Broward, Florida | 1 | $ 2,685,000 | $ 2,685,000 | $ 843,000 |
| Collier, Florida | 1 | $ 665,000 | $ 665,000 | $ 340,000 |
| Manatee, Florida | 1 | $ 475,000 | $ 475,000 | $ 459,000 |
| Cumberland, Illinois | 1 | $ 405,000 | $ 405,000 | $ 0 |
| DeKalb, Illinois | 1 | $ 155,000 | $ 155,000 | $ 112,000 |
| DuPage, Illinois | 1 | $ 1,915,000 | $ 1,915,000 | $ 0 |
| Lake, Illinois | 1 | $ 265,000 | $ 265,000 | $ 233,000 |
| LaSalle, Illinois | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Ogle, Illinois | 1 | $ 245,000 | $ 245,000 | $ 112,000 |
| Will, Illinois | 1 | $ 255,000 | $ 255,000 | $ 151,000 |
| Jasper, Indiana | 1 | $ 2,485,000 | $ 2,485,000 | $ 0 |
| Newton, Indiana | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Marion, Iowa | 1 | $ 105,000 | $ 105,000 | $ 310,000 |
| Riley, Kansas | 1 | $ 235,000 | $ 235,000 | $ 0 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2023
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 | 385 | $103,005,000 | $267,000 | $20,075,000 | $145,000 | $1,563,000 |
| Refinancing | 56 | $10,470,000 | $186,000 | $1,915,000 | $147,000 | $705,000 |
| Home Improvement | 17 | $4,305,000 | $253,000 | $2,505,000 | $52,000 | $145,000 |
| Other Purpose | 8 | $600,000 | $75,000 | $245,000 | $149,000 | $326,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 269 | $50,335,000 | $187,000 | $2,685,000 | $144,000 | $1,563,000 |
| Not applicable | 166 | $62,550,000 | $376,000 | $20,075,000 | $0 | $0 |
| Black or African American | 15 | $1,535,000 | $102,000 | $295,000 | $125,000 | $510,000 |
| Asian | 6 | $1,310,000 | $218,000 | $625,000 | $147,000 | $445,000 |
| Hispanic | 5 | $2,045,000 | $409,000 | $1,455,000 | $102,000 | $180,000 |
| Not Provided | 5 | $605,000 | $121,000 | $225,000 | $171,000 | $324,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 465 | $118,255,000 | $254,000 | $20,075,000 | $143,000 | $1,563,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $125,000 | $125,000 | $125,000 | $65,000 | $65,000 |
| 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 | 319 | $94,595,000 | $296,000 | $20,075,000 | $190,000 | $1,563,000 |
| Preapproval Denied by Financial Institution | 41 | $4,355,000 | $106,000 | $275,000 | $61,000 | $176,000 |
| Application Denied By Financial Institution | 40 | $5,590,000 | $139,000 | $785,000 | $73,000 | $340,000 |
| Preapproval Approved but not Accepted | 28 | $5,510,000 | $196,000 | $965,000 | $101,000 | $466,000 |
| Application Withdrawn By Applicant | 26 | $6,230,000 | $239,000 | $1,965,000 | $139,000 | $443,000 |
| Application Approved But Not Accepted | 8 | $1,750,000 | $218,000 | $715,000 | $161,000 | $336,000 |
| File Closed For Incompleteness | 4 | $350,000 | $87,000 | $195,000 | $118,000 | $324,000 |
| 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 | 385 | $108,435,000 | $281,000 | $20,075,000 | $171,000 | $1,563,000 |
| Credit History | 45 | $4,315,000 | $95,000 | $665,000 | $62,000 | $340,000 |
| Debt-To-Income Ratio | 26 | $3,730,000 | $143,000 | $655,000 | $63,000 | $281,000 |
| Employment History | 4 | $320,000 | $80,000 | $105,000 | $47,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,200,000 | $300,000 | $785,000 | $82,000 | $161,000 |
| Collateral | 2 | $380,000 | $190,000 | $215,000 | $233,000 | $263,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2023 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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