Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2013
In 2013, Iroquois Federal Savings & Loan Association of Watseka, IL reported 592 mortgage applications totaling $76.6 million, down 15% from 2012. The average application was for $129,405, and applicants reported an average income of $77,243. 61% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Danville, IL (264), Champaign-Urbana, IL (21) and Kankakee-Bradley, IL (17) (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 | 592 |
| Total Mortgage Loan Application Amount | $76,608,000 |
| Average Mortgage Loan Application Amount | $129,405 |
| Highest Mortgage Loan Application Amount | $3,332,000 |
| Average Applicant Income | $77,243 |
| Highest Applicant Income | $1,600,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 264 | $ 20,891,000 | $ 79,132 | $ 67,000 |
| Champaign-Urbana, IL | 21 | $ 12,715,000 | $ 605,476 | $ 40,000 |
| Kankakee-Bradley, IL | 17 | $ 3,468,000 | $ 204,000 | $ 75,000 |
| Chicago-Joliet-Naperville, IL | 14 | $ 4,317,000 | $ 308,357 | $ 41,000 |
| Lafayette, IN | 7 | $ 989,000 | $ 141,285 | $ 73,000 |
| Terre Haute, IN | 7 | $ 583,000 | $ 83,285 | $ 67,000 |
| Gary, IN | 5 | $ 364,000 | $ 72,800 | $ 66,000 |
| Indianapolis-Carmel, IN | 4 | $ 575,000 | $ 143,750 | $ 139,000 |
| Bloomington-Normal, IL | 2 | $ 151,000 | $ 75,500 | $ 74,000 |
| Niles-Benton Harbor, MI | 1 | $ 164,000 | $ 164,000 | $ 0 |
| St. Louis, MO-IL | 1 | $ 68,000 | $ 68,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2013
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 | 307 | $36,215,000 | $117,000 | $1,820,000 | $85,000 | $1,600,000 |
| Refinancing | 199 | $36,119,000 | $181,000 | $3,332,000 | $71,000 | $541,000 |
| Home Improvement | 86 | $4,274,000 | $49,000 | $263,000 | $64,000 | $227,000 |
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 | 502 | $53,443,000 | $106,000 | $2,459,000 | $84,000 | $1,600,000 |
| Not applicable | 43 | $18,416,000 | $428,000 | $3,332,000 | $0 | $0 |
| Black or African American | 15 | $1,349,000 | $89,000 | $215,000 | $45,000 | $84,000 |
| Hispanic | 13 | $763,000 | $58,000 | $215,000 | $65,000 | $173,000 |
| Not Provided | 11 | $1,397,000 | $127,000 | $380,000 | $85,000 | $218,000 |
| Asian | 7 | $1,182,000 | $168,000 | $328,000 | $142,000 | $396,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $58,000 | $58,000 | $58,000 | $44,000 | $44,000 |
| 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) | 592 | $76,608,000 | $129,000 | $3,332,000 | $77,000 | $1,600,000 |
| 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 | 359 | $52,014,000 | $144,000 | $3,332,000 | $84,000 | $1,600,000 |
| Application Denied By Financial Institution | 95 | $10,856,000 | $114,000 | $1,820,000 | $61,000 | $541,000 |
| Preapproval Denied by Financial Institution | 62 | $4,850,000 | $78,000 | $245,000 | $49,000 | $218,000 |
| Application Withdrawn By Applicant | 61 | $7,154,000 | $117,000 | $387,000 | $94,000 | $302,000 |
| File Closed For Incompleteness | 10 | $1,096,000 | $109,000 | $310,000 | $80,000 | $180,000 |
| Application Approved But Not Accepted | 5 | $638,000 | $127,000 | $300,000 | $75,000 | $99,000 |
| 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 | 70 | $4,670,000 | $66,000 | $288,000 | $54,000 | $218,000 |
| Debt-To-Income Ratio | 48 | $4,516,000 | $94,000 | $415,000 | $45,000 | $148,000 |
| Collateral | 18 | $2,697,000 | $149,000 | $366,000 | $98,000 | $541,000 |
| Employment History | 9 | $659,000 | $73,000 | $146,000 | $57,000 | $128,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $951,000 | $135,000 | $280,000 | $50,000 | $67,000 |
| Unverifiable Information | 3 | $358,000 | $119,000 | $245,000 | $66,000 | $107,000 |
| Other | 2 | $1,855,000 | $927,000 | $1,820,000 | $42,000 | $85,000 |
| Credit Application Incomplete | 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 2013 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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