Monroe County, IL Mortgage Lenders & HMDA Data, 2004
In 2004, lenders reported 3,015 mortgage applications in Monroe County, IL totaling $399.1 million, down 39% from 2003. The average application was for $132,000, and applicants reported an average income of $66,000. 60% of applications resulted in an originated loan and 12% were denied. The most active lender was First National Bank of Waterloo, with 301 applications, followed by Commercial State Bank and Ameriquest Mortgage Company.
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| 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 | 3,015 |
| Total Mortgage Loan Application Amount | $399,075,000 |
| Average Mortgage Loan Application Amount | $132,000 |
| Highest Mortgage Loan Application Amount | $1,521,000 |
| Average Applicant Income | $66,000 |
| Highest Applicant Income | $780,000 |
Top Mortgage Lenders in Monroe County, IL (2004)
Ranked by the number of mortgage applications each lender reported in Monroe County, IL in 2004.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | First National Bank of Waterloo Waterloo, IL |
301 | $34,684,000 | $115,000 | $56,000 |
| 2 | Commercial State Bank Waterloo, IL |
146 | $17,781,000 | $121,000 | $66,000 |
| 3 | Ameriquest Mortgage Company Orange, CA |
137 | $19,351,000 | $141,000 | $86,000 |
| 4 | Union Planters Bank Birmingham, AL |
137 | $18,060,000 | $131,000 | $66,000 |
| 5 | Principal Residential Mortgage Long Island City, NY |
129 | $19,258,000 | $149,000 | $60,000 |
| 6 | State Bank Waterloo, IL |
124 | $14,981,000 | $120,000 | $50,000 |
| 7 | Suntrust Mortgage, Inc Richmond, VA |
108 | $13,266,000 | $122,000 | $67,000 |
| 8 | Chase Manhattan Mortgage Corp. Iselin, NJ |
94 | $14,285,000 | $151,000 | $86,000 |
| 9 | Countrywide Home Loans Westlake Village, CA |
92 | $15,085,000 | $163,000 | $68,000 |
| 10 | Wells Fargo Bank, NA Des Moines, IA |
81 | $12,720,000 | $157,000 | $57,000 |
The tables below break down 2004 mortgage applications in Monroe County, IL by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Monroe County, IL 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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,767 | $242,606,000 | $137,000 | $850,000 | $66,000 | $780,000 |
| Home Purchase | 1,068 | $146,521,000 | $137,000 | $1,521,000 | $65,000 | $659,000 |
| Home Improvement | 180 | $9,948,000 | $55,000 | $800,000 | $68,000 | $250,000 |
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 | 2,394 | $314,784,000 | $131,000 | $850,000 | $71,000 | $780,000 |
| Not Provided | 317 | $39,415,000 | $124,000 | $648,000 | $71,000 | $648,000 |
| Not applicable | 252 | $37,802,000 | $150,000 | $1,521,000 | $17,000 | $155,000 |
| Hispanic | 29 | $3,379,000 | $116,000 | $207,000 | $59,000 | $149,000 |
| Black or African American | 11 | $2,350,000 | $213,000 | $403,000 | $74,000 | $127,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $493,000 | $82,000 | $141,000 | $89,000 | $134,000 |
| American Indian or Alaskan Native | 4 | $447,000 | $111,000 | $150,000 | $57,000 | $72,000 |
| Asian | 2 | $405,000 | $202,000 | $300,000 | $51,000 | $78,000 |
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) | 2,876 | $379,246,000 | $131,000 | $1,521,000 | $68,000 | $780,000 |
| FHA-insured (Federal Housing Administration) | 86 | $11,545,000 | $134,000 | $196,000 | $49,000 | $132,000 |
| VA-guaranteed (Veterans Administration) | 42 | $6,899,000 | $164,000 | $302,000 | $43,000 | $156,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $1,385,000 | $125,000 | $180,000 | $44,000 | $75,000 |
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 | 1,811 | $239,393,000 | $132,000 | $1,521,000 | $71,000 | $659,000 |
| Application Denied By Financial Institution | 363 | $44,205,000 | $121,000 | $648,000 | $64,000 | $648,000 |
| Loan Purchased By The Institution | 357 | $51,825,000 | $145,000 | $380,000 | $37,000 | $174,000 |
| Application Withdrawn By Applicant | 244 | $31,927,000 | $130,000 | $390,000 | $77,000 | $780,000 |
| Application Approved But Not Accepted | 184 | $23,661,000 | $128,000 | $474,000 | $75,000 | $325,000 |
| File Closed For Incompleteness | 56 | $8,064,000 | $144,000 | $642,000 | $67,000 | $504,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 92 | $12,381,000 | $134,000 | $354,000 | $82,000 | $648,000 |
| Credit History | 88 | $9,211,000 | $104,000 | $280,000 | $66,000 | $420,000 |
| Collateral | 41 | $4,915,000 | $119,000 | $288,000 | $65,000 | $150,000 |
| Credit Application Incomplete | 35 | $5,522,000 | $157,000 | $648,000 | $64,000 | $221,000 |
| Debt-To-Income Ratio | 28 | $3,669,000 | $131,000 | $403,000 | $62,000 | $109,000 |
| Employment History | 5 | $525,000 | $105,000 | $236,000 | $64,000 | $144,000 |
| Unverifiable Information | 5 | $587,000 | $117,000 | $208,000 | $46,000 | $81,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $465,000 | $232,000 | $384,000 | $77,000 | $121,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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