Selfreliance Federal Credit Union Mortgage Lending & HMDA Data, 2004
In 2004, Selfreliance Federal Credit Union of Chicago, IL reported 271 mortgage applications totaling $58.6 million, down 36% from 2003. The average application was for $216,217, and applicants reported an average income of $82,671. 89% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (221), Lake County-Kenosha County, IL-WI (16) and Newark-Union, NJ-PA (10) (applications in parentheses).
| Mortgage Company & Address | Selfreliance Federal Credit Union 2332 W Chicago Avenue Chicago, IL 60622 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 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 271 |
| Total Mortgage Loan Application Amount | $58,595,000 |
| Average Mortgage Loan Application Amount | $216,217 |
| Highest Mortgage Loan Application Amount | $869,000 |
| Average Applicant Income | $82,671 |
| Highest Applicant Income | $444,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Selfreliance Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cook, Illinois | 183 | $ 43,468,000 | $ 237,530 | $ 86,000 |
| DuPage, Illinois | 25 | $ 4,207,000 | $ 168,280 | $ 60,000 |
| Lake, Illinois | 16 | $ 2,903,000 | $ 181,437 | $ 61,000 |
| Kane, Illinois | 5 | $ 924,000 | $ 184,800 | $ 59,000 |
| Will, Illinois | 5 | $ 771,000 | $ 154,200 | $ 79,000 |
| Union, New Jersey | 4 | $ 945,000 | $ 236,250 | $ 94,000 |
| McHenry, Illinois | 3 | $ 372,000 | $ 124,000 | $ 148,000 |
| Lake, Indiana | 3 | $ 245,000 | $ 81,666 | $ 47,000 |
| Bergen, New Jersey | 3 | $ 863,000 | $ 287,666 | $ 113,000 |
| Essex, New Jersey | 3 | $ 643,000 | $ 214,333 | $ 67,000 |
| Hudson, New Jersey | 3 | $ 645,000 | $ 215,000 | $ 47,000 |
| Morris, New Jersey | 3 | $ 814,000 | $ 271,333 | $ 126,000 |
| Somerset, New Jersey | 2 | $ 149,000 | $ 74,500 | $ 47,000 |
| Montgomery, New York | 2 | $ 70,000 | $ 35,000 | $ 91,000 |
| Walworth, Wisconsin | 2 | $ 550,000 | $ 275,000 | $ 94,000 |
| McLean, Illinois | 1 | $ 60,000 | $ 60,000 | $ 206,000 |
| Winnebago, Illinois | 1 | $ 126,000 | $ 126,000 | $ 40,000 |
| Porter, Indiana | 1 | $ 193,000 | $ 193,000 | $ 42,000 |
| Berrien, Michigan | 1 | $ 113,000 | $ 113,000 | $ 59,000 |
| Van Buren, Michigan | 1 | $ 88,000 | $ 88,000 | $ 98,000 |
| Atlantic, New Jersey | 1 | $ 125,000 | $ 125,000 | $ 135,000 |
| Rock, Wisconsin | 1 | $ 80,000 | $ 80,000 | $ 227,000 |
| Winnebago, Wisconsin | 1 | $ 57,000 | $ 57,000 | $ 143,000 |
Mortgage Loan Application Detail Totals for Selfreliance Federal Credit Union in 2004
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 | 143 | $33,072,000 | $143,000 | $869,000 | $60,666 | $444,000 |
| Refinancing | 128 | $25,523,000 | $168,800 | $712,000 | $96,000 | $228,000 |
| Home Improvement | 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 | 271 | $58,595,000 | $148,571 | $869,000 | $76,571 | $444,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 271 | $58,595,000 | $148,571 | $869,000 | $76,571 | $444,000 |
| 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 | 241 | $50,387,000 | $141,000 | $712,000 | $92,000 | $444,000 |
| Application Withdrawn By Applicant | 22 | $6,202,000 | $204,500 | $869,000 | $49,500 | $213,000 |
| Application Approved But Not Accepted | 4 | $1,149,000 | $287,000 | $600,000 | $91,000 | $154,000 |
| Application Denied By Financial Institution | 3 | $673,000 | $224,000 | $260,000 | $78,000 | $120,000 |
| Preapproval Denied by Financial Institution | 1 | $184,000 | $184,000 | $184,000 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 3 | $597,000 | $195,000 | $208,000 | $29,000 | $90,000 |
| Credit History | 1 | $260,000 | $260,000 | $260,000 | $120,000 | $120,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Selfreliance Federal Credit Union's 2004 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 Selfreliance Federal Credit Union'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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