Sauk Valley Bank & Trust Company Mortgage Lending & HMDA Data, 2024
In 2024, Sauk Valley Bank & Trust Company of Sterling, IL reported 248 mortgage applications totaling $40.9 million, up 14% from 2023. The average application was for $165,000, and applicants reported an average income of $95,641. 93% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Chicago-Naperville, IL (29), Rockford, IL (13) and Elgin, IL (7) (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 | 248 |
| Total Mortgage Loan Application Amount | $40,920,000 |
| Average Mortgage Loan Application Amount | $165,000 |
| Highest Mortgage Loan Application Amount | $1,685,000 |
| Average Applicant Income | $95,641 |
| Highest Applicant Income | $754,000 |
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Sauk Valley Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 184 | $ 23,190,000 | $ 126,032 | $ 87,786 |
| Chicago-Naperville, IL | 29 | $ 9,195,000 | $ 317,068 | $ 124,000 |
| Rockford, IL | 13 | $ 3,585,000 | $ 275,769 | $ 103,000 |
| Elgin, IL | 7 | $ 1,485,000 | $ 212,142 | $ 126,000 |
| Janesville-Beloit, WI | 6 | $ 1,340,000 | $ 223,333 | $ 150,000 |
| Davenport-Moline-Rock Island, IA-IL | 5 | $ 875,000 | $ 175,000 | $ 174,600 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 275,000 | $ 275,000 | $ 182,000 |
| Springfield, IL | 1 | $ 125,000 | $ 125,000 | $ 51,000 |
| St. George, UT | 1 | $ 495,000 | $ 495,000 | $ 0 |
Mortgage Loan Application Detail Totals for Sauk Valley Bank & Trust Company 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 | 159 | $30,885,000 | $194,000 | $1,685,000 | $96,000 | $754,000 |
| Refinancing | 71 | $8,645,000 | $121,000 | $785,000 | $95,000 | $700,000 |
| Home Improvement | 9 | $335,000 | $37,000 | $115,000 | $77,000 | $150,000 |
| Other Purpose | 7 | $835,000 | $119,000 | $415,000 | $117,000 | $157,000 |
| Cash-out Refinancing | 2 | $220,000 | $110,000 | $145,000 | $99,000 | $132,000 |
| 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 | $22,580,000 | $152,000 | $1,345,000 | $97,000 | $754,000 |
| Not applicable | 70 | $14,080,000 | $201,000 | $1,685,000 | $0 | $0 |
| Hispanic | 29 | $4,115,000 | $141,000 | $305,000 | $67,000 | $113,000 |
| Black or African American | 1 | $145,000 | $145,000 | $145,000 | $700,000 | $700,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 248 | $40,920,000 | $165,000 | $1,685,000 | $96,000 | $754,000 |
| 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 | 231 | $38,975,000 | $168,000 | $1,685,000 | $97,000 | $754,000 |
| Application Withdrawn By Applicant | 8 | $1,240,000 | $155,000 | $315,000 | $118,000 | $205,000 |
| Application Denied By Financial Institution | 7 | $535,000 | $76,000 | $185,000 | $45,000 | $61,000 |
| Application Approved But Not Accepted | 2 | $170,000 | $85,000 | $155,000 | $95,000 | $117,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 248 | $40,920,000 | $165,000 | $1,685,000 | $96,000 | $754,000 |
| 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 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 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.
For a list of all lenders in Illinois, download the full spreadsheet
with aggregated HMDA statistics today.
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