Stephenson County, IL Mortgage Lenders & HMDA Data, 2004
In 2004, lenders reported 2,883 mortgage applications in Stephenson County, IL totaling $239.6 million, down 28% from 2003. The average application was for $83,000, and applicants reported an average income of $56,000. 46% of applications resulted in an originated loan and 22% were denied. The most active lender was Midwest Community Bank, with 240 applications, followed by Countrywide Home Loans 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 | 2,883 |
| Total Mortgage Loan Application Amount | $239,559,000 |
| Average Mortgage Loan Application Amount | $83,000 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $56,000 |
| Highest Applicant Income | $3,368,000 |
Top Mortgage Lenders in Stephenson County, IL (2004)
Ranked by the number of mortgage applications each lender reported in Stephenson County, IL in 2004.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Midwest Community Bank Freeport, IL |
240 | $21,526,000 | $89,000 | $71,000 |
| 2 | Countrywide Home Loans Westlake Village, CA |
206 | $16,717,000 | $81,000 | $45,000 |
| 3 | Ameriquest Mortgage Company Orange, CA |
197 | $17,787,000 | $90,000 | $65,000 |
| 4 | Amcore Bank, N.A. Rockford, IL |
126 | $11,694,000 | $92,000 | $77,000 |
| 5 | Northwest Bank of Rockford Rockford, IL |
111 | $9,441,000 | $85,000 | $66,000 |
| 6 | US Bank, N.A. Milwaukee, WI |
105 | $8,583,000 | $81,000 | $42,000 |
| 7 | Beneficial Elmhurst, IL |
95 | $8,215,000 | $86,000 | $47,000 |
| 8 | National City Bank of Indiana Cleveland, OH |
72 | $5,236,000 | $72,000 | $37,000 |
| 9 | Gmac Mortgage LLC Ft. Washington, PA |
72 | $4,586,000 | $63,000 | $61,000 |
| 10 | Washington Mutual Bank Albion, NY |
67 | $5,657,000 | $84,000 | $24,000 |
The tables below break down 2004 mortgage applications in Stephenson 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 Stephenson 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 | 1,769 | $155,956,000 | $88,000 | $1,000,000 | $58,000 | $3,368,000 |
| Home Purchase | 923 | $77,094,000 | $83,000 | $509,000 | $49,000 | $600,000 |
| Home Improvement | 191 | $6,509,000 | $34,000 | $215,000 | $62,000 | $720,000 |
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 | 2,068 | $172,226,000 | $83,000 | $1,000,000 | $63,000 | $3,368,000 |
| Not Provided | 408 | $34,925,000 | $85,000 | $400,000 | $51,000 | $1,211,000 |
| Not applicable | 184 | $16,432,000 | $89,000 | $573,000 | $14,000 | $689,000 |
| Black or African American | 148 | $9,583,000 | $64,000 | $258,000 | $41,000 | $138,000 |
| Hispanic | 49 | $3,926,000 | $80,000 | $192,000 | $51,000 | $270,000 |
| Asian | 20 | $2,206,000 | $110,000 | $293,000 | $131,000 | $768,000 |
| American Indian or Alaskan Native | 6 | $261,000 | $43,000 | $108,000 | $39,000 | $85,000 |
| 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) | 2,615 | $220,187,000 | $84,000 | $1,000,000 | $60,000 | $3,368,000 |
| FHA-insured (Federal Housing Administration) | 224 | $15,746,000 | $70,000 | $163,000 | $28,000 | $243,000 |
| VA-guaranteed (Veterans Administration) | 43 | $3,561,000 | $82,000 | $126,000 | $22,000 | $80,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $65,000 | $65,000 | $65,000 | $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 | 1,338 | $111,507,000 | $83,000 | $1,000,000 | $69,000 | $3,368,000 |
| Application Denied By Financial Institution | 635 | $46,889,000 | $73,000 | $400,000 | $50,000 | $1,211,000 |
| Loan Purchased By The Institution | 369 | $32,733,000 | $88,000 | $518,000 | $26,000 | $366,000 |
| Application Withdrawn By Applicant | 358 | $32,823,000 | $91,000 | $380,000 | $65,000 | $1,056,000 |
| Application Approved But Not Accepted | 137 | $11,324,000 | $82,000 | $262,000 | $50,000 | $540,000 |
| File Closed For Incompleteness | 46 | $4,283,000 | $93,000 | $203,000 | $60,000 | $196,000 |
| 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 | 185 | $15,599,000 | $84,000 | $400,000 | $48,000 | $1,211,000 |
| Credit History | 164 | $10,882,000 | $66,000 | $400,000 | $45,000 | $346,000 |
| Collateral | 80 | $6,223,000 | $77,000 | $258,000 | $50,000 | $121,000 |
| Debt-To-Income Ratio | 51 | $3,789,000 | $74,000 | $204,000 | $43,000 | $280,000 |
| Credit Application Incomplete | 40 | $3,019,000 | $75,000 | $252,000 | $81,000 | $720,000 |
| Employment History | 8 | $242,000 | $30,000 | $81,000 | $83,000 | $360,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $359,000 | $71,000 | $125,000 | $39,000 | $67,000 |
| Unverifiable Information | 5 | $390,000 | $78,000 | $140,000 | $56,000 | $80,000 |
| 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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