Stephenson County, IL Mortgage Lenders & HMDA Data, 2008
In 2008, lenders reported 1,608 mortgage applications in Stephenson County, IL totaling $166.7 million, down 26% from 2007. The average application was for $103,000, and applicants reported an average income of $63,000. 44% of applications resulted in an originated loan and 25% were denied. The most active lender was Beneficial Company LLC, with 121 applications, followed by Midwest Community Bank and Countrywide Bank FSB.
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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 | 1,608 |
| Total Mortgage Loan Application Amount | $166,702,000 |
| Average Mortgage Loan Application Amount | $103,000 |
| Highest Mortgage Loan Application Amount | $3,700,000 |
| Average Applicant Income | $63,000 |
| Highest Applicant Income | $1,500,000 |
Top Mortgage Lenders in Stephenson County, IL (2008)
Ranked by the number of mortgage applications each lender reported in Stephenson County, IL in 2008.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Beneficial Company LLC Mettawa, IL |
121 | $11,471,000 | $94,000 | $59,000 |
| 2 | Midwest Community Bank Freeport, IL |
118 | $11,078,000 | $93,000 | $71,000 |
| 3 | Countrywide Bank FSB Westlake Village, CA |
112 | $12,726,000 | $113,000 | $56,000 |
| 4 | Northwest Bank of Rockford Rockford, IL |
97 | $11,241,000 | $115,000 | $82,000 |
| 5 | JPMorgan Chase Bank, NA Columbus, OH |
83 | $8,153,000 | $98,000 | $41,000 |
| 6 | Amcore Bank, N.A. Rockford, IL |
83 | $8,802,000 | $106,000 | $72,000 |
| 7 | Embrace Home Loans, Inc. Middletown, RI |
68 | $6,973,000 | $102,000 | $47,000 |
| 8 | Fifth Third Mortgage Company Cincinnati, OH |
50 | $4,679,000 | $93,000 | $55,000 |
| 9 | German-American State Bank German Valley, IL |
47 | $5,577,000 | $118,000 | $87,000 |
| 10 | Wells Fargo Bank, NA Des Moines, IA |
45 | $4,536,000 | $100,000 | $65,000 |
The tables below break down 2008 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 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 | 1,045 | $117,180,000 | $112,000 | $3,700,000 | $63,000 | $1,500,000 |
| Home Purchase | 425 | $43,414,000 | $102,000 | $1,400,000 | $65,000 | $1,020,000 |
| Home Improvement | 138 | $6,108,000 | $44,000 | $310,000 | $58,000 | $221,000 |
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 | 1,282 | $132,921,000 | $103,000 | $3,700,000 | $67,000 | $1,500,000 |
| Not Provided | 140 | $14,290,000 | $102,000 | $371,000 | $68,000 | $1,020,000 |
| Not applicable | 95 | $12,125,000 | $127,000 | $1,750,000 | $10,000 | $96,000 |
| Black or African American | 64 | $4,518,000 | $70,000 | $200,000 | $53,000 | $109,000 |
| Hispanic | 22 | $2,248,000 | $102,000 | $242,000 | $60,000 | $223,000 |
| American Indian or Alaskan Native | 2 | $75,000 | $37,000 | $51,000 | $27,000 | $28,000 |
| Asian | 2 | $279,000 | $139,000 | $191,000 | $95,000 | $108,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $246,000 | $246,000 | $246,000 | $48,000 | $48,000 |
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) | 1,234 | $129,054,000 | $104,000 | $3,700,000 | $69,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) | 300 | $31,083,000 | $103,000 | $371,000 | $48,000 | $1,020,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 63 | $5,345,000 | $84,000 | $280,000 | $20,000 | $65,000 |
| VA-guaranteed (Veterans Administration) | 11 | $1,220,000 | $110,000 | $199,000 | $34,000 | $95,000 |
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 | 714 | $76,774,000 | $107,000 | $3,700,000 | $71,000 | $755,000 |
| Application Denied By Financial Institution | 395 | $35,505,000 | $89,000 | $371,000 | $60,000 | $1,500,000 |
| Loan Purchased By The Institution | 239 | $25,699,000 | $107,000 | $374,000 | $38,000 | $462,000 |
| Application Withdrawn By Applicant | 117 | $14,350,000 | $122,000 | $1,000,000 | $68,000 | $333,000 |
| Application Approved But Not Accepted | 107 | $10,524,000 | $98,000 | $330,000 | $65,000 | $360,000 |
| File Closed For Incompleteness | 36 | $3,850,000 | $106,000 | $319,000 | $98,000 | $732,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 60 | $4,073,000 | $67,000 | $256,000 | $83,000 | $1,500,000 |
| Collateral | 48 | $5,167,000 | $107,000 | $310,000 | $57,000 | $120,000 |
| Debt-To-Income Ratio | 34 | $3,812,000 | $112,000 | $313,000 | $37,000 | $120,000 |
| Other | 18 | $1,028,000 | $57,000 | $130,000 | $60,000 | $105,000 |
| Credit Application Incomplete | 12 | $1,657,000 | $138,000 | $278,000 | $91,000 | $155,000 |
| Unverifiable Information | 7 | $550,000 | $78,000 | $124,000 | $81,000 | $268,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $393,000 | $98,000 | $111,000 | $56,000 | $81,000 |
| Employment History | 2 | $273,000 | $136,000 | $173,000 | $60,000 | $92,000 |
| 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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