Stephenson County, IL Mortgage Lenders & HMDA Data, 2015
In 2015, lenders reported 965 mortgage applications in Stephenson County, IL totaling $94.2 million, up 9% from 2014. The average application was for $97,000, and applicants reported an average income of $63,000. 54% of applications resulted in an originated loan and 20% were denied. The most active lender was Union Savings Bank, with 124 applications, followed by US Bank, N.A. and Northwest Bank of Rockford.
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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 | 965 |
| Total Mortgage Loan Application Amount | $94,181,000 |
| Average Mortgage Loan Application Amount | $97,000 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $63,000 |
| Highest Applicant Income | $1,700,000 |
Top Mortgage Lenders in Stephenson County, IL (2015)
Ranked by the number of mortgage applications each lender reported in Stephenson County, IL in 2015.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Union Savings Bank Freeport, IL |
124 | $10,159,000 | $81,000 | $59,000 |
| 2 | US Bank, N.A. Cincinnati, OH |
91 | $11,397,000 | $125,000 | $71,000 |
| 3 | Northwest Bank of Rockford Rockford, IL |
72 | $6,612,000 | $91,000 | $89,000 |
| 4 | Midwest Community Bank Freeport, IL |
56 | $4,961,000 | $88,000 | $58,000 |
| 5 | Wells Fargo Bank NA Minneapolis, MN |
37 | $3,272,000 | $88,000 | $49,000 |
| 6 | Academy Mortgage Corporation Salt Lake City, UT |
34 | $3,161,000 | $92,000 | $52,000 |
| 7 | Cornerstone Credit Union Freeport, IL |
29 | $857,000 | $29,000 | $54,000 |
| 8 | JPMorgan Chase Bank, NA Columbus, OH |
24 | $1,973,000 | $82,000 | $19,000 |
| 9 | Plaza Home Mortgage, Inc San Diego, CA |
23 | $2,352,000 | $102,000 | $65,000 |
| 10 | Alpine Bank & Trust Co. Rockford, IL |
19 | $1,823,000 | $95,000 | $59,000 |
The tables below break down 2015 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 2015
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 | 461 | $47,560,000 | $103,000 | $1,500,000 | $69,000 | $1,700,000 |
| Home Purchase | 425 | $38,619,000 | $90,000 | $315,000 | $56,000 | $495,000 |
| Home Improvement | 79 | $8,002,000 | $101,000 | $5,000,000 | $71,000 | $907,000 |
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 | 775 | $73,700,000 | $95,000 | $1,500,000 | $70,000 | $1,700,000 |
| Not applicable | 85 | $12,497,000 | $147,000 | $5,000,000 | $14,000 | $467,000 |
| Not Provided | 53 | $4,301,000 | $81,000 | $296,000 | $71,000 | $300,000 |
| Black or African American | 30 | $1,843,000 | $61,000 | $184,000 | $36,000 | $118,000 |
| Hispanic | 17 | $1,432,000 | $84,000 | $158,000 | $64,000 | $139,000 |
| American Indian or Alaskan Native | 2 | $195,000 | $97,000 | $158,000 | $49,000 | $71,000 |
| Asian | 2 | $128,000 | $64,000 | $122,000 | $46,000 | $56,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $85,000 | $85,000 | $85,000 | $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) | 650 | $62,788,000 | $96,000 | $5,000,000 | $74,000 | $1,700,000 |
| FHA-insured (Federal Housing Administration) | 170 | $17,207,000 | $101,000 | $231,000 | $40,000 | $244,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 76 | $5,518,000 | $72,000 | $128,000 | $31,000 | $76,000 |
| VA-guaranteed (Veterans Administration) | 69 | $8,668,000 | $125,000 | $327,000 | $59,000 | $280,000 |
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 | 524 | $50,901,000 | $97,000 | $1,500,000 | $71,000 | $1,700,000 |
| Application Denied By Financial Institution | 197 | $14,561,000 | $73,000 | $284,000 | $56,000 | $907,000 |
| Loan Purchased By The Institution | 116 | $10,933,000 | $94,000 | $315,000 | $28,000 | $467,000 |
| Application Withdrawn By Applicant | 66 | $11,514,000 | $174,000 | $5,000,000 | $73,000 | $278,000 |
| File Closed For Incompleteness | 36 | $3,630,000 | $100,000 | $327,000 | $58,000 | $280,000 |
| Application Approved But Not Accepted | 26 | $2,642,000 | $101,000 | $317,000 | $105,000 | $391,000 |
| 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 | 38 | $1,752,000 | $46,000 | $132,000 | $77,000 | $907,000 |
| Collateral | 30 | $2,459,000 | $81,000 | $162,000 | $64,000 | $169,000 |
| Debt-To-Income Ratio | 24 | $1,616,000 | $67,000 | $208,000 | $45,000 | $140,000 |
| Other | 15 | $982,000 | $65,000 | $175,000 | $50,000 | $97,000 |
| Credit Application Incomplete | 14 | $1,444,000 | $103,000 | $154,000 | $62,000 | $133,000 |
| Unverifiable Information | 7 | $469,000 | $67,000 | $170,000 | $50,000 | $92,000 |
| Employment History | 4 | $194,000 | $48,000 | $77,000 | $48,000 | $94,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $372,000 | $124,000 | $209,000 | $70,000 | $115,000 |
| 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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