Iroquois Federal Savings And Loan Association Mortgage Rates, Fees & Info
Watseka, ILLEI: 54930084WKZ9NTQ0QS94
Tax ID: 37-0348365
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Iroquois Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Iroquois Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Champaign, Danville, Kankakee, Chicago, and Plymouth among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Iroquois Federal Savings And Loan Association has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
243Origination Dollar Volume (All Markets)
$45,835,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 88 | $16,800,000 | $190,909 | $0 | 0.00% |
| DANVILLE, IL (FHA|USDA|VA) | 73 | $10,355,000 | $141,849 | $0 | 0.00% |
| Outside of Metro Areas | 46 | $9,430,000 | $205,000 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 11 | $2,625,000 | $238,636 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $0 | 0.00% |
| Plymouth, IN (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| DECATUR, IL (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Effingham, IL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Pontiac, IL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Iroquois Federal Savings and Loan Association based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 243 | $45,835,000 | $188,621 | $0 | 0.00% |
For 2024, Iroquois Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 243 originations.
Loan Reason
For 2024, Iroquois Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 202 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 243 | $45,835,000 | $188,621 | $0 | 0.00% |
For 2024, Iroquois Federal Savings And Loan Association's most frequently cited loan duration was Other, with 243 originations.
Loan Sizing
2024 saw Iroquois Federal Savings And Loan Association place emphasis on $100k-200k loans with 84 originations, totaling $11,710,000 in origination value.
Applicant Income
Iroquois Federal Savings And Loan Association lent most frequently to those with incomes in the $150k-250k range, with 28 originations. The second most popular income band? $75k-100k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 243 | $45,835,000 | $188,621 | $0 | 0.00% |
Iroquois Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 243 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.60%
Iroquois Federal Savings And Loan Association has an average approval rate.
Pick Rate
Approvals leading to origination87.24%
Iroquois Federal Savings And Loan Association has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 243 | $45,835,000 | $188,621 |