Woodford County, IL Mortgage Lenders & HMDA Data, 2023
In 2023, lenders reported 1,085 mortgage applications in Woodford County, IL totaling $150.1 million, down 24% from 2022. The average application was for $138,000, and applicants reported an average income of $109,000. 64% of applications resulted in an originated loan and 12% were denied. The most active lender was Citizens Equity First Credit U, with 192 applications, followed by Morton Community Bank and Goodfield State Bank.
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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 | 1,085 |
| Total Mortgage Loan Application Amount | $150,105,000 |
| Average Mortgage Loan Application Amount | $138,000 |
| Highest Mortgage Loan Application Amount | $1,485,000 |
| Average Applicant Income | $109,000 |
| Highest Applicant Income | $1,121,000 |
Top Mortgage Lenders in Woodford County, IL (2023)
Ranked by the number of mortgage applications each lender reported in Woodford County, IL in 2023.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Citizens Equity First Credit U Peoria, IL |
192 | $19,410,000 | $101,000 | $113,000 |
| 2 | Morton Community Bank Morton, IL |
129 | $13,245,000 | $102,000 | $100,000 |
| 3 | Goodfield State Bank Goodfield, IL |
94 | $13,910,000 | $147,000 | $123,000 |
| 4 | Flat Branch Mortgage, Inc. Columbia, MO |
41 | $8,125,000 | $198,000 | $128,000 |
| 5 | US Bank, N.A. Cincinnati, OH |
40 | $5,000,000 | $125,000 | $83,000 |
| 6 | Flanagan State Bank Flanagan, IL |
34 | $4,250,000 | $125,000 | $121,000 |
| 7 | Commerce Bank Kansas City, MO |
25 | $1,255,000 | $50,000 | $71,000 |
| 8 | Newrez LLC Fort Washington, PA |
23 | $3,135,000 | $136,000 | $76,000 |
| 9 | PNC Bank N.A. Pittsburgh, PA |
23 | $3,255,000 | $141,000 | $120,000 |
| 10 | Caliber Home Loans, Inc. Wilmington, DE |
22 | $3,380,000 | $153,000 | $78,000 |
The tables below break down 2023 mortgage applications in Woodford 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 Woodford County, IL in 2023
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 583 | $105,245,000 | $180,000 | $1,485,000 | $106,000 | $841,000 |
| Home Improvement | 141 | $7,465,000 | $52,000 | $325,000 | $120,000 | $1,121,000 |
| Other Purpose | 132 | $8,460,000 | $64,000 | $425,000 | $110,000 | $720,000 |
| Refinancing | 127 | $14,705,000 | $115,000 | $445,000 | $107,000 | $525,000 |
| Cash-out Refinancing | 95 | $13,695,000 | $144,000 | $485,000 | $110,000 | $834,000 |
| Not Applicable | 7 | $535,000 | $76,000 | $165,000 | $0 | $0 |
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 | 890 | $119,070,000 | $133,000 | $775,000 | $111,000 | $1,121,000 |
| Not Provided | 84 | $10,960,000 | $130,000 | $405,000 | $93,000 | $612,000 |
| Not applicable | 67 | $13,675,000 | $204,000 | $1,485,000 | $208,000 | $298,000 |
| Hispanic | 21 | $2,915,000 | $138,000 | $225,000 | $73,000 | $130,000 |
| Black or African American | 9 | $1,395,000 | $155,000 | $525,000 | $89,000 | $290,000 |
| Asian | 8 | $1,460,000 | $182,000 | $305,000 | $106,000 | $184,000 |
| American Indian or Alaskan Native | 4 | $280,000 | $70,000 | $135,000 | $89,000 | $126,000 |
| 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) | 902 | $115,310,000 | $127,000 | $1,485,000 | $110,000 | $1,121,000 |
| FHA-insured (Federal Housing Administration) | 120 | $19,500,000 | $162,000 | $415,000 | $81,000 | $462,000 |
| VA-guaranteed (Veterans Administration) | 55 | $14,335,000 | $260,000 | $775,000 | $155,000 | $826,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $960,000 | $120,000 | $185,000 | $52,000 | $73,000 |
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 | 692 | $103,490,000 | $149,000 | $1,485,000 | $115,000 | $1,121,000 |
| Application Withdrawn By Applicant | 129 | $15,925,000 | $123,000 | $605,000 | $109,000 | $826,000 |
| Application Denied By Financial Institution | 127 | $10,785,000 | $84,000 | $455,000 | $87,000 | $826,000 |
| Loan Purchased By The Institution | 86 | $15,010,000 | $174,000 | $635,000 | $71,000 | $298,000 |
| File Closed For Incompleteness | 28 | $2,740,000 | $97,000 | $285,000 | $78,000 | $170,000 |
| Application Approved But Not Accepted | 23 | $2,155,000 | $93,000 | $325,000 | $140,000 | $841,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 853 | $122,445,000 | $143,000 | $775,000 | $111,000 | $1,121,000 |
| Debt-To-Income Ratio | 147 | $20,645,000 | $140,000 | $1,485,000 | $100,000 | $525,000 |
| Credit History | 42 | $3,130,000 | $74,000 | $455,000 | $108,000 | $826,000 |
| Collateral | 19 | $1,535,000 | $80,000 | $265,000 | $94,000 | $325,000 |
| Credit Application Incomplete | 10 | $1,080,000 | $108,000 | $325,000 | $147,000 | $550,000 |
| Other | 10 | $580,000 | $58,000 | $145,000 | $63,000 | $150,000 |
| Unverifiable Information | 2 | $540,000 | $270,000 | $375,000 | $113,000 | $126,000 |
| Employment History | 2 | $150,000 | $75,000 | $95,000 | $57,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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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