Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2019
In 2019, Iroquois Federal Savings & Loan Association of Watseka, IL reported 488 mortgage applications totaling $87.7 million, up 8% from 2018. The average application was for $179,733, and applicants reported an average income of $95,432. 71% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Danville, IL (154), Champaign-Urbana, IL (104) and Kankakee, IL (34) (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 | 488 |
| Total Mortgage Loan Application Amount | $87,710,000 |
| Average Mortgage Loan Application Amount | $179,733 |
| Highest Mortgage Loan Application Amount | $5,655,000 |
| Average Applicant Income | $95,432 |
| Highest Applicant Income | $617,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 154 | $ 17,130,000 | $ 111,233 | $ 76,000 |
| Outside any metro area | 120 | $ 17,400,000 | $ 145,000 | $ 112,300 |
| Champaign-Urbana, IL | 104 | $ 33,630,000 | $ 323,365 | $ 177,000 |
| Kankakee, IL | 34 | $ 4,520,000 | $ 132,941 | $ 68,000 |
| Chicago-Naperville, IL | 13 | $ 7,485,000 | $ 575,769 | $ 206,000 |
| Lafayette-West Lafayette, IN | 6 | $ 750,000 | $ 125,000 | $ 52,000 |
| Gary, IN | 3 | $ 245,000 | $ 81,666 | $ 147,000 |
| Peoria, IL | 3 | $ 205,000 | $ 68,333 | $ 0 |
| Elgin, IL | 2 | $ 290,000 | $ 145,000 | $ 139,000 |
| St. Louis, MO-IL | 2 | $ 560,000 | $ 280,000 | $ 107,000 |
| Terre Haute, IN | 2 | $ 220,000 | $ 110,000 | $ 52,000 |
| Bloomington, IL | 1 | $ 25,000 | $ 25,000 | $ 0 |
| Jefferson City, MO | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Lakeland-Winter Haven, FL | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 425,000 | $ 425,000 | $ 127,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 405,000 | $ 405,000 | $ 0 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2019
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 | 314 | $42,450,000 | $135,000 | $1,305,000 | $94,000 | $617,000 |
| Refinancing | 147 | $42,705,000 | $290,000 | $5,655,000 | $105,000 | $480,000 |
| Home Improvement | 17 | $1,485,000 | $87,000 | $605,000 | $64,000 | $120,000 |
| Other Purpose | 8 | $810,000 | $101,000 | $405,000 | $55,000 | $68,000 |
| Cash-out Refinancing | 2 | $260,000 | $130,000 | $135,000 | $46,000 | $63,000 |
| 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 | 361 | $53,455,000 | $148,000 | $5,655,000 | $97,000 | $617,000 |
| Not applicable | 102 | $31,200,000 | $305,000 | $5,605,000 | $0 | $0 |
| Black or African American | 9 | $1,385,000 | $153,000 | $445,000 | $86,000 | $206,000 |
| Hispanic | 8 | $920,000 | $115,000 | $195,000 | $72,000 | $226,000 |
| Asian | 5 | $485,000 | $97,000 | $145,000 | $74,000 | $129,000 |
| Not Provided | 3 | $265,000 | $88,000 | $135,000 | $116,000 | $173,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 479 | $87,085,000 | $181,000 | $5,655,000 | $97,000 | $617,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $410,000 | $68,000 | $105,000 | $47,000 | $67,000 |
| VA-guaranteed (Veterans Administration) | 2 | $180,000 | $90,000 | $95,000 | $47,000 | $54,000 |
| FHA-insured (Federal Housing Administration) | 1 | $35,000 | $35,000 | $35,000 | $11,000 | $11,000 |
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 | 346 | $69,270,000 | $200,000 | $5,655,000 | $108,000 | $617,000 |
| Application Withdrawn By Applicant | 51 | $9,415,000 | $184,000 | $2,645,000 | $101,000 | $420,000 |
| Application Denied By Financial Institution | 40 | $3,420,000 | $85,000 | $525,000 | $55,000 | $161,000 |
| Preapproval Denied by Financial Institution | 29 | $2,165,000 | $74,000 | $195,000 | $49,000 | $120,000 |
| Preapproval Approved but not Accepted | 10 | $1,520,000 | $152,000 | $285,000 | $84,000 | $190,000 |
| Application Approved But Not Accepted | 6 | $870,000 | $145,000 | $275,000 | $92,000 | $184,000 |
| File Closed For Incompleteness | 6 | $1,050,000 | $175,000 | $475,000 | $119,000 | $344,000 |
| 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 | 419 | $82,125,000 | $196,000 | $5,655,000 | $106,000 | $617,000 |
| Credit History | 43 | $2,785,000 | $64,000 | $175,000 | $53,000 | $120,000 |
| Debt-To-Income Ratio | 17 | $1,815,000 | $106,000 | $525,000 | $42,000 | $81,000 |
| Collateral | 6 | $740,000 | $123,000 | $285,000 | $85,000 | $161,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $160,000 | $80,000 | $85,000 | $27,000 | $33,000 |
| Other | 1 | $85,000 | $85,000 | $85,000 | $54,000 | $54,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2019 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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