Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2016
In 2016, Iroquois Federal Savings & Loan Association of Watseka, IL reported 547 mortgage applications totaling $106.1 million, up 2% from 2015. The average application was for $194,001, and applicants reported an average income of $86,864. 61% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Danville, IL (211), Champaign-Urbana, IL (70) and Chicago-Naperville-Arlington Heights, IL (19) (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 | 547 |
| Total Mortgage Loan Application Amount | $106,119,000 |
| Average Mortgage Loan Application Amount | $194,001 |
| Highest Mortgage Loan Application Amount | $8,774,000 |
| Average Applicant Income | $86,864 |
| Highest Applicant Income | $1,290,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 211 | $ 20,065,000 | $ 95,094 | $ 71,000 |
| Champaign-Urbana, IL | 70 | $ 35,866,000 | $ 512,371 | $ 89,000 |
| Chicago-Naperville-Arlington Heights, IL | 19 | $ 7,014,000 | $ 369,157 | $ 32,000 |
| Kankakee, IL | 10 | $ 2,616,000 | $ 261,600 | $ 58,000 |
| Gary, IN | 9 | $ 752,000 | $ 83,555 | $ 77,000 |
| Terre Haute, IN | 5 | $ 500,000 | $ 100,000 | $ 53,000 |
| Bloomington, IL | 3 | $ 360,000 | $ 120,000 | $ 34,000 |
| Sebastian-Vero Beach, FL | 3 | $ 2,169,000 | $ 723,000 | $ 395,000 |
| Lafayette-West Lafayette, IN | 2 | $ 244,000 | $ 122,000 | $ 132,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 3,100,000 | $ 1,550,000 | $ 0 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 30,000 | $ 30,000 | $ 180,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 1,500,000 | $ 1,500,000 | $ 1,156,000 |
| Columbia, MO | 1 | $ 116,000 | $ 116,000 | $ 90,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 760,000 | $ 760,000 | $ 0 |
| Dallas-Plano-Irving, TX | 1 | $ 352,000 | $ 352,000 | $ 212,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 124,000 | $ 124,000 | $ 256,000 |
| Peoria, IL | 1 | $ 133,000 | $ 133,000 | $ 158,000 |
| Silver Spring-Frederick-Rockville, MD | 1 | $ 488,000 | $ 488,000 | $ 90,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 80,000 | $ 80,000 | $ 0 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2016
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 | 309 | $52,059,000 | $168,000 | $4,480,000 | $97,000 | $1,156,000 |
| Refinancing | 168 | $38,509,000 | $229,000 | $8,774,000 | $79,000 | $1,290,000 |
| Home Improvement | 70 | $15,551,000 | $222,000 | $4,120,000 | $61,000 | $256,000 |
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 | 418 | $55,592,000 | $132,000 | $1,640,000 | $98,000 | $1,290,000 |
| Not applicable | 73 | $44,918,000 | $615,000 | $8,774,000 | $0 | $0 |
| Not Provided | 23 | $3,355,000 | $145,000 | $396,000 | $192,000 | $1,024,000 |
| Hispanic | 14 | $808,000 | $57,000 | $107,000 | $60,000 | $133,000 |
| Black or African American | 13 | $539,000 | $41,000 | $86,000 | $68,000 | $192,000 |
| Asian | 5 | $889,000 | $177,000 | $248,000 | $78,000 | $120,000 |
| American Indian or Alaskan Native | 1 | $18,000 | $18,000 | $18,000 | $16,000 | $16,000 |
| Native Hawaiin 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) | 536 | $105,367,000 | $196,000 | $8,774,000 | $88,000 | $1,290,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $752,000 | $68,000 | $150,000 | $36,000 | $74,000 |
| 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 | 333 | $79,338,000 | $238,000 | $8,774,000 | $92,000 | $1,290,000 |
| Application Denied By Financial Institution | 81 | $9,439,000 | $116,000 | $636,000 | $83,000 | $1,024,000 |
| Application Withdrawn By Applicant | 65 | $10,154,000 | $156,000 | $1,000,000 | $99,000 | $589,000 |
| Preapproval Denied by Financial Institution | 36 | $2,781,000 | $77,000 | $240,000 | $47,000 | $120,000 |
| File Closed For Incompleteness | 21 | $2,239,000 | $106,000 | $256,000 | $74,000 | $256,000 |
| Application Approved But Not Accepted | 11 | $2,168,000 | $197,000 | $1,300,000 | $53,000 | $205,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 53 | $6,961,000 | $131,000 | $636,000 | $60,000 | $224,000 |
| Credit History | 49 | $3,291,000 | $67,000 | $163,000 | $58,000 | $149,000 |
| Collateral | 8 | $1,089,000 | $136,000 | $455,000 | $71,000 | $208,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $226,000 | $56,000 | $114,000 | $25,000 | $37,000 |
| Unverifiable Information | 2 | $268,000 | $134,000 | $240,000 | $522,000 | $1,024,000 |
| Other | 1 | $385,000 | $385,000 | $385,000 | $703,000 | $703,000 |
| 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 2016 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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