Iroquois Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2024
In 2024, Iroquois Federal Savings & Loan Association of Watseka, IL reported 352 mortgage applications totaling $65.7 million, down 24% from 2023. The average application was for $186,761, and applicants reported an average income of $134,897. 69% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Champaign-Urbana, IL (108), Kankakee, IL (12) and Decatur, IL (5) (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 | 352 |
| Total Mortgage Loan Application Amount | $65,740,000 |
| Average Mortgage Loan Application Amount | $186,761 |
| Highest Mortgage Loan Application Amount | $1,125,000 |
| Average Applicant Income | $134,897 |
| Highest Applicant Income | $870,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 212 | $ 36,750,000 | $ 173,349 | $ 118,306 |
| Champaign-Urbana, IL | 108 | $ 20,980,000 | $ 194,259 | $ 183,000 |
| Kankakee, IL | 12 | $ 2,830,000 | $ 235,833 | $ 104,000 |
| Decatur, IL | 5 | $ 665,000 | $ 133,000 | $ 0 |
| Chicago-Naperville, IL | 3 | $ 1,385,000 | $ 461,666 | $ 351,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 790,000 | $ 395,000 | $ 102,000 |
| Lafayette-West Lafayette, IN | 2 | $ 540,000 | $ 270,000 | $ 320,000 |
| Peoria, IL | 2 | $ 260,000 | $ 130,000 | $ 0 |
| Jefferson City, MO | 1 | $ 305,000 | $ 305,000 | $ 124,000 |
| Kansas City, MO-KS | 1 | $ 255,000 | $ 255,000 | $ 86,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 65,000 | $ 65,000 | $ 86,000 |
| Punta Gorda, FL | 1 | $ 325,000 | $ 325,000 | $ 170,000 |
| St. Louis, MO-IL | 1 | $ 465,000 | $ 465,000 | $ 290,000 |
Mortgage Loan Application Detail Totals for Iroquois Federal Savings & Loan Association in 2024
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 | 299 | $57,935,000 | $193,000 | $1,125,000 | $132,000 | $621,000 |
| Refinancing | 39 | $7,005,000 | $179,000 | $855,000 | $177,000 | $870,000 |
| Other Purpose | 7 | $385,000 | $55,000 | $205,000 | $86,000 | $270,000 |
| Home Improvement | 7 | $415,000 | $59,000 | $205,000 | $73,000 | $147,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 204 | $39,110,000 | $191,000 | $825,000 | $139,000 | $870,000 |
| Not applicable | 103 | $19,175,000 | $186,000 | $1,125,000 | $0 | $0 |
| Black or African American | 21 | $3,765,000 | $179,000 | $765,000 | $114,000 | $351,000 |
| Hispanic | 10 | $1,360,000 | $136,000 | $365,000 | $84,000 | $244,000 |
| Asian | 6 | $1,440,000 | $240,000 | $415,000 | $188,000 | $477,000 |
| Not Provided | 5 | $515,000 | $103,000 | $205,000 | $102,000 | $176,000 |
| American Indian or Alaskan Native | 3 | $375,000 | $125,000 | $165,000 | $46,000 | $80,000 |
| 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) | 352 | $65,740,000 | $186,000 | $1,125,000 | $135,000 | $870,000 |
| 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 | 243 | $45,835,000 | $188,000 | $1,125,000 | $153,000 | $857,000 |
| Preapproval Approved but not Accepted | 27 | $5,105,000 | $189,000 | $665,000 | $99,000 | $278,000 |
| Application Withdrawn By Applicant | 27 | $7,245,000 | $268,000 | $615,000 | $198,000 | $870,000 |
| Preapproval Denied by Financial Institution | 23 | $2,665,000 | $115,000 | $255,000 | $58,000 | $138,000 |
| Application Denied By Financial Institution | 19 | $2,795,000 | $147,000 | $615,000 | $60,000 | $138,000 |
| File Closed For Incompleteness | 9 | $1,605,000 | $178,000 | $825,000 | $149,000 | $600,000 |
| Application Approved But Not Accepted | 4 | $490,000 | $122,000 | $285,000 | $115,000 | $185,000 |
| 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 | 310 | $60,280,000 | $194,000 | $1,125,000 | $151,000 | $870,000 |
| Credit History | 28 | $2,490,000 | $88,000 | $255,000 | $47,000 | $104,000 |
| Debt-To-Income Ratio | 10 | $2,350,000 | $235,000 | $615,000 | $85,000 | $138,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $555,000 | $185,000 | $255,000 | $88,000 | $138,000 |
| Collateral | 1 | $65,000 | $65,000 | $65,000 | $40,000 | $40,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Iroquois Federal Savings & Loan Association's 2024 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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