Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2022
In 2022, Iroquois Federal Savings & Loan Association of Watseka, IL reported 545 mortgage applications totaling $127.2 million, down 27% from 2021. The average application was for $233,348, and applicants reported an average income of $135,381. 74% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Champaign-Urbana, IL (178), Danville, IL (132) and Kankakee, IL (29) (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 | 545 |
| Total Mortgage Loan Application Amount | $127,175,000 |
| Average Mortgage Loan Application Amount | $233,348 |
| Highest Mortgage Loan Application Amount | $6,505,000 |
| Average Applicant Income | $135,381 |
| Highest Applicant Income | $3,059,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Champaign-Urbana, IL | 178 | $ 57,580,000 | $ 323,483 | $ 239,000 |
| Danville, IL | 132 | $ 15,760,000 | $ 119,393 | $ 90,000 |
| Outside any metro area | 118 | $ 26,390,000 | $ 223,644 | $ 136,904 |
| Kankakee, IL | 29 | $ 7,955,000 | $ 274,310 | $ 114,000 |
| Chicago-Naperville, IL | 8 | $ 3,870,000 | $ 483,750 | $ 471,000 |
| Terre Haute, IN | 5 | $ 595,000 | $ 119,000 | $ 111,000 |
| Bloomington, IL | 3 | $ 1,115,000 | $ 371,666 | $ 65,000 |
| Gary, IN | 3 | $ 245,000 | $ 81,666 | $ 55,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 570,000 | $ 285,000 | $ 161,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 275,000 | $ 275,000 | $ 725,000 |
| Columbus, OH | 1 | $ 255,000 | $ 255,000 | $ 66,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 1,225,000 | $ 1,225,000 | $ 714,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 155,000 | $ 155,000 | $ 129,000 |
| Decatur, IL | 1 | $ 545,000 | $ 545,000 | $ 316,000 |
| Elgin, IL | 1 | $ 425,000 | $ 425,000 | $ 165,000 |
| Kansas City, MO-KS | 1 | $ 315,000 | $ 315,000 | $ 144,000 |
| Lafayette-West Lafayette, IN | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Lexington-Fayette, KY | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Muncie, IN | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 815,000 | $ 815,000 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 445,000 | $ 445,000 | $ 0 |
| Port St. Lucie, FL | 1 | $ 285,000 | $ 285,000 | $ 135,000 |
| St. Louis, MO-IL | 1 | $ 295,000 | $ 295,000 | $ 143,000 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2022
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 | 373 | $79,675,000 | $213,000 | $3,005,000 | $144,000 | $3,059,000 |
| Refinancing | 139 | $44,985,000 | $323,000 | $6,505,000 | $121,000 | $775,000 |
| Home Improvement | 16 | $1,190,000 | $74,000 | $285,000 | $100,000 | $335,000 |
| Other Purpose | 12 | $760,000 | $63,000 | $225,000 | $106,000 | $352,000 |
| Cash-out Refinancing | 5 | $565,000 | $113,000 | $175,000 | $76,000 | $97,000 |
| 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 | 320 | $59,000,000 | $184,000 | $1,595,000 | $128,000 | $3,059,000 |
| Not applicable | 181 | $60,485,000 | $334,000 | $6,505,000 | $0 | $0 |
| Not Provided | 16 | $2,440,000 | $152,000 | $465,000 | $169,000 | $995,000 |
| Black or African American | 13 | $1,895,000 | $145,000 | $285,000 | $190,000 | $514,000 |
| Hispanic | 9 | $1,455,000 | $161,000 | $425,000 | $222,000 | $1,376,000 |
| Asian | 5 | $1,845,000 | $369,000 | $625,000 | $264,000 | $834,000 |
| American Indian or Alaskan Native | 1 | $55,000 | $55,000 | $55,000 | $47,000 | $47,000 |
| 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) | 540 | $126,720,000 | $234,000 | $6,505,000 | $137,000 | $3,059,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $310,000 | $77,000 | $135,000 | $32,000 | $59,000 |
| VA-guaranteed (Veterans Administration) | 1 | $145,000 | $145,000 | $145,000 | $16,000 | $16,000 |
| 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 | 401 | $102,575,000 | $255,000 | $6,505,000 | $164,000 | $3,059,000 |
| Application Denied By Financial Institution | 40 | $6,620,000 | $165,000 | $1,595,000 | $79,000 | $359,000 |
| Application Withdrawn By Applicant | 34 | $7,140,000 | $210,000 | $1,225,000 | $122,000 | $714,000 |
| Preapproval Approved but not Accepted | 26 | $4,210,000 | $161,000 | $285,000 | $97,000 | $262,000 |
| Preapproval Denied by Financial Institution | 26 | $2,920,000 | $112,000 | $305,000 | $59,000 | $178,000 |
| Application Approved But Not Accepted | 12 | $1,660,000 | $138,000 | $315,000 | $84,000 | $184,000 |
| File Closed For Incompleteness | 6 | $2,050,000 | $341,000 | $805,000 | $185,000 | $436,000 |
| 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 | 479 | $117,635,000 | $245,000 | $6,505,000 | $151,000 | $3,059,000 |
| Credit History | 33 | $2,525,000 | $76,000 | $175,000 | $65,000 | $352,000 |
| Debt-To-Income Ratio | 22 | $5,270,000 | $239,000 | $1,595,000 | $74,000 | $359,000 |
| Employment History | 4 | $410,000 | $102,000 | $245,000 | $61,000 | $132,000 |
| Collateral | 4 | $460,000 | $115,000 | $265,000 | $91,000 | $187,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $790,000 | $395,000 | $655,000 | $98,000 | $105,000 |
| Other | 1 | $85,000 | $85,000 | $85,000 | $101,000 | $101,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2022 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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