Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2012
In 2012, Iroquois Federal Savings & Loan Association of Watseka, IL reported 700 mortgage applications totaling $83.0 million, up 23% from 2011. The average application was for $118,577, and applicants reported an average income of $83,608. 60% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Danville, IL (300), Champaign-Urbana, IL (35) and Kankakee-Bradley, IL (27) (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 | 700 |
| Total Mortgage Loan Application Amount | $83,004,000 |
| Average Mortgage Loan Application Amount | $118,577 |
| Highest Mortgage Loan Application Amount | $5,715,000 |
| Average Applicant Income | $83,608 |
| Highest Applicant Income | $1,596,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Danville, IL | 300 | $ 24,587,000 | $ 81,956 | $ 75,000 |
| Champaign-Urbana, IL | 35 | $ 13,722,000 | $ 392,057 | $ 44,000 |
| Kankakee-Bradley, IL | 27 | $ 3,338,000 | $ 123,629 | $ 74,000 |
| Terre Haute, IN | 11 | $ 999,000 | $ 90,818 | $ 76,000 |
| Gary, IN | 10 | $ 862,000 | $ 86,200 | $ 81,000 |
| Chicago-Joliet-Naperville, IL | 8 | $ 2,187,000 | $ 273,375 | $ 105,000 |
| Lafayette, IN | 5 | $ 826,000 | $ 165,200 | $ 68,000 |
| Bloomington-Normal, IL | 3 | $ 566,000 | $ 188,666 | $ 82,000 |
| Indianapolis-Carmel, IN | 3 | $ 419,000 | $ 139,666 | $ 55,000 |
| St. Louis, MO-IL | 3 | $ 644,000 | $ 214,666 | $ 175,333 |
| Peoria, IL | 1 | $ 162,000 | $ 162,000 | $ 61,000 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2012
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 | 333 | $38,629,000 | $116,000 | $2,228,000 | $77,000 | $541,000 |
| Home Purchase | 288 | $32,571,000 | $113,000 | $1,472,000 | $98,000 | $1,596,000 |
| Home Improvement | 79 | $11,804,000 | $149,000 | $5,715,000 | $59,000 | $188,000 |
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 | 627 | $66,069,000 | $105,000 | $1,472,000 | $88,000 | $1,596,000 |
| Not applicable | 30 | $7,548,000 | $251,000 | $2,228,000 | $3,000 | $108,000 |
| Not Provided | 12 | $1,217,000 | $101,000 | $180,000 | $89,000 | $308,000 |
| Black or African American | 11 | $527,000 | $47,000 | $149,000 | $39,000 | $109,000 |
| Hispanic | 11 | $6,613,000 | $601,000 | $5,715,000 | $60,000 | $181,000 |
| Asian | 7 | $783,000 | $111,000 | $228,000 | $91,000 | $192,000 |
| American Indian or Alaskan Native | 2 | $247,000 | $123,000 | $148,000 | $98,000 | $149,000 |
| 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) | 700 | $83,004,000 | $118,000 | $5,715,000 | $83,000 | $1,596,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 419 | $56,430,000 | $134,000 | $5,715,000 | $88,000 | $1,537,000 |
| Application Denied By Financial Institution | 111 | $10,563,000 | $95,000 | $372,000 | $68,000 | $541,000 |
| Preapproval Denied by Financial Institution | 77 | $5,345,000 | $69,000 | $190,000 | $55,000 | $286,000 |
| Application Withdrawn By Applicant | 66 | $7,037,000 | $106,000 | $716,000 | $108,000 | $1,596,000 |
| File Closed For Incompleteness | 22 | $2,858,000 | $129,000 | $405,000 | $92,000 | $300,000 |
| Application Approved But Not Accepted | 5 | $771,000 | $154,000 | $480,000 | $101,000 | $246,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 85 | $5,778,000 | $67,000 | $350,000 | $59,000 | $286,000 |
| Debt-To-Income Ratio | 58 | $5,749,000 | $99,000 | $305,000 | $47,000 | $162,000 |
| Collateral | 31 | $3,527,000 | $113,000 | $372,000 | $103,000 | $541,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $395,000 | $56,000 | $110,000 | $56,000 | $94,000 |
| Employment History | 5 | $337,000 | $67,000 | $115,000 | $62,000 | $220,000 |
| Other | 1 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 |
| Unverifiable Information | 1 | $66,000 | $66,000 | $66,000 | $14,000 | $14,000 |
| 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 2012 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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