Sauk Valley Bank & Trust Company Mortgage Lending & HMDA Data, 2023
In 2023, Sauk Valley Bank & Trust Company of Sterling, IL reported 217 mortgage applications totaling $28.9 million, down 11% from 2022. The average application was for $132,972, and applicants reported an average income of $104,299. 88% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Chicago-Naperville, IL (25), Rockford, IL (16) and Elgin, IL (3) (applications in parentheses).
| Mortgage Company & Address | Sauk Valley Bank & Trust Company 3319 E Lincolnway Sterling, IL 61081 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 |
| Total Number of Mortgage Applications | 217 |
| Total Mortgage Loan Application Amount | $28,855,000 |
| Average Mortgage Loan Application Amount | $132,972 |
| Highest Mortgage Loan Application Amount | $635,000 |
| Average Applicant Income | $104,299 |
| Highest Applicant Income | $957,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sauk Valley Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 164 | $ 20,040,000 | $ 122,195 | $ 90,625 |
| Chicago-Naperville, IL | 25 | $ 3,455,000 | $ 138,200 | $ 87,000 |
| Rockford, IL | 16 | $ 2,480,000 | $ 155,000 | $ 95,000 |
| Elgin, IL | 3 | $ 555,000 | $ 185,000 | $ 524,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 330,000 | $ 165,000 | $ 226,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Janesville-Beloit, WI | 1 | $ 225,000 | $ 225,000 | $ 137,000 |
| Michigan City-La Porte, IN | 1 | $ 215,000 | $ 215,000 | $ 355,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 635,000 | $ 635,000 | $ 190,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 345,000 | $ 345,000 | $ 337,000 |
| Peoria, IL | 1 | $ 55,000 | $ 55,000 | $ 87,000 |
| Punta Gorda, FL | 1 | $ 385,000 | $ 385,000 | $ 225,000 |
Mortgage Loan Application Detail Totals for Sauk Valley Bank & Trust Company in 2023
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 | 130 | $19,300,000 | $148,000 | $635,000 | $92,000 | $957,000 |
| Refinancing | 66 | $8,140,000 | $123,000 | $595,000 | $131,000 | $700,000 |
| Cash-out Refinancing | 9 | $605,000 | $67,000 | $165,000 | $83,000 | $237,000 |
| Home Improvement | 8 | $620,000 | $77,000 | $305,000 | $111,000 | $201,000 |
| Other Purpose | 4 | $190,000 | $47,000 | $85,000 | $98,000 | $114,000 |
| 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 | 148 | $20,420,000 | $137,000 | $635,000 | $105,000 | $957,000 |
| Not applicable | 40 | $4,900,000 | $122,000 | $565,000 | $0 | $0 |
| Hispanic | 23 | $3,115,000 | $135,000 | $215,000 | $62,000 | $117,000 |
| Black or African American | 4 | $250,000 | $62,000 | $125,000 | $231,000 | $700,000 |
| Not Provided | 1 | $125,000 | $125,000 | $125,000 | $68,000 | $68,000 |
| Asian | 1 | $45,000 | $45,000 | $45,000 | $40,000 | $40,000 |
| 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) | 216 | $28,770,000 | $133,000 | $635,000 | $102,000 | $957,000 |
| FHA-insured (Federal Housing Administration) | 1 | $85,000 | $85,000 | $85,000 | $43,000 | $43,000 |
| 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 | 190 | $25,670,000 | $135,000 | $635,000 | $105,000 | $957,000 |
| Application Withdrawn By Applicant | 12 | $1,990,000 | $165,000 | $415,000 | $100,000 | $312,000 |
| Application Denied By Financial Institution | 8 | $510,000 | $63,000 | $125,000 | $48,000 | $82,000 |
| Application Approved But Not Accepted | 4 | $440,000 | $110,000 | $125,000 | $73,000 | $114,000 |
| File Closed For Incompleteness | 3 | $245,000 | $81,000 | $135,000 | $94,000 | $129,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 217 | $28,855,000 | $132,000 | $635,000 | $101,000 | $957,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sauk Valley Bank & Trust Company's 2023 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 Sauk Valley Bank & Trust Company'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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with aggregated HMDA statistics today.
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