Union Federal Savings & Loan Mortgage Lending & HMDA Data, 2008
In 2008, Union Federal Savings & Loan of Kewanee, IL reported 169 mortgage applications totaling $29.2 million, down 8% from 2007. The average application was for $172,704, and applicants reported an average income of $69,988. 89% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Madison, WI (78), Davenport-Moline-Rock Island, IA-IL (73) and Green Bay, WI (2) (applications in parentheses).
| Mortgage Company & Address | Union Federal Savings & Loan 104 N. Tremont St Kewanee, IL 61443 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 169 |
| Total Mortgage Loan Application Amount | $29,187,000 |
| Average Mortgage Loan Application Amount | $172,704 |
| Highest Mortgage Loan Application Amount | $1,219,000 |
| Average Applicant Income | $69,988 |
| Highest Applicant Income | $697,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Union Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Dane, Wisconsin | 76 | $ 22,625,000 | $ 297,697 | $ 78,000 |
| Henry, Illinois | 62 | $ 3,023,000 | $ 48,758 | $ 52,000 |
| Rock Island, Illinois | 8 | $ 480,000 | $ 60,000 | $ 80,000 |
| Bureau, Illinois | 3 | $ 162,000 | $ 54,000 | $ 29,000 |
| McDonough, Illinois | 2 | $ 70,000 | $ 35,000 | $ 48,000 |
| Scott, Iowa | 2 | $ 220,000 | $ 110,000 | $ 44,000 |
| Brown, Wisconsin | 2 | $ 133,000 | $ 66,500 | $ 50,000 |
| Columbia, Wisconsin | 2 | $ 516,000 | $ 258,000 | $ 117,000 |
| Rock, Wisconsin | 2 | $ 227,000 | $ 113,500 | $ 43,000 |
| Mercer, Illinois | 1 | $ 20,000 | $ 20,000 | $ 55,000 |
| Peoria, Illinois | 1 | $ 450,000 | $ 450,000 | $ 0 |
| Stark, Illinois | 1 | $ 94,000 | $ 94,000 | $ 101,000 |
| Whiteside, Illinois | 1 | $ 80,000 | $ 80,000 | $ 108,000 |
| Clark, Wisconsin | 1 | $ 148,000 | $ 148,000 | $ 185,000 |
| Vilas, Wisconsin | 1 | $ 258,000 | $ 258,000 | $ 107,000 |
| Waukesha, Wisconsin | 1 | $ 565,000 | $ 565,000 | $ 697,000 |
Mortgage Loan Application Detail Totals for Union Federal Savings & Loan in 2008
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 |
|---|---|---|---|---|---|---|
| Refinancing | 72 | $13,963,000 | $193,000 | $1,219,000 | $67,000 | $697,000 |
| Home Purchase | 70 | $12,046,000 | $172,000 | $744,000 | $80,000 | $500,000 |
| Home Improvement | 27 | $3,178,000 | $117,000 | $350,000 | $52,000 | $135,000 |
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 | 126 | $16,437,000 | $130,000 | $645,000 | $83,000 | $697,000 |
| Not applicable | 26 | $10,972,000 | $422,000 | $1,219,000 | $0 | $0 |
| Hispanic | 12 | $422,000 | $35,000 | $108,000 | $52,000 | $75,000 |
| Asian | 3 | $1,121,000 | $373,000 | $462,000 | $257,000 | $500,000 |
| Not Provided | 2 | $235,000 | $117,000 | $203,000 | $25,000 | $50,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 169 | $29,187,000 | $172,000 | $1,219,000 | $70,000 | $697,000 |
| 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 | 151 | $27,197,000 | $180,000 | $1,219,000 | $72,000 | $697,000 |
| Application Approved But Not Accepted | 6 | $670,000 | $111,000 | $284,000 | $56,000 | $137,000 |
| Application Denied By Financial Institution | 6 | $516,000 | $86,000 | $155,000 | $43,000 | $75,000 |
| Application Withdrawn By Applicant | 4 | $716,000 | $179,000 | $294,000 | $69,000 | $107,000 |
| Preapproval Denied by Financial Institution | 2 | $88,000 | $44,000 | $52,000 | $30,000 | $34,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 4 | $259,000 | $64,000 | $155,000 | $43,000 | $75,000 |
| Debt-To-Income Ratio | 4 | $345,000 | $86,000 | $152,000 | $37,000 | $49,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Federal Savings & Loan's 2008 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 Union Federal Savings & Loan'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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About