PlainLender

First Federal Savings Bank of Champaign-Urbana

Champaign, IL

First Federal Savings Bank of Champaign-Urbana processed 131 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 123 loans with a 3.8% denial rate. Home Purchase was the primary loan purpose. Based in Champaign, IL. The approval rate of 93.9% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. First Federal Savings Bank of Champaign-Urbana processed 131 HMDA-reported mortgage applications in 2024, originating 123 loans and denying 5 for a denial rate of 3.8% (applicants themselves withdrew 3 files before a decision). The average loan amount was $215,611. The lender reports under LEI 254900KX4PZDHAK8I871 from Champaign, IL.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. First Federal Savings Bank of Champaign-Urbana's 93.9% origination rate tells you how often an application turned into funded money; the 3.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (131 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

131
Applications
123
Originated
3.8%
Denial Rate
$215,611
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 131 123 5 $215,611

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for First Federal Savings Bank of Champaign-Urbana (LEI: 254900KX4PZDHAK8I871) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
3
Debt-to-income ratio
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 76 72 $258,421
Refinancing 23 23 $152,826
Cash-out Refinancing 20 18 $193,500
Other 12 10 $101,667

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 83 95.2% 3.6%
Black or African American 9 77.8% 22.2%
Asian 8 75.0% 0.0%
Joint 1 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 94 91.5% 5.3%
Joint 5 100.0% 0.0%
Hispanic or Latino 2 100.0% 0.0%

Nearby Lenders in IL

Other HMDA-reporting lenders in IL with similar activity. Compare any two side-by-side.

GUARANTEED RATE, INC.

CHICAGO, IL

124,492 apps 62,820 originated 5.1% denied

BMO Harris Bank NA

Chicago, IL

42,165 apps 18,166 originated 29.4% denied

Mutual of Omaha Mortgage

Lombard, IL

34,393 apps 19,951 originated 20.2% denied

GUARANTEED RATE AFFINITY, LLC

CHICAGO, IL

21,826 apps 14,587 originated 6.0% denied

THE FEDERAL SAVINGS BANK

CHICAGO, IL

20,656 apps 8,146 originated 9.3% denied
Compare First Federal Savings Bank of Champaign-Urbana vs GUARANTEED RATE, INC. →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

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Frequently Asked Questions

How many mortgage applications did First Federal Savings Bank of Champaign-Urbana process?
First Federal Savings Bank of Champaign-Urbana processed 131 mortgage applications in the 2023 HMDA reporting year. Of these, 123 were originated (approved and funded), 3 were withdrawn by the applicant, and 5 were denied.
What is First Federal Savings Bank of Champaign-Urbana's mortgage approval rate?
First Federal Savings Bank of Champaign-Urbana has an approval (origination) rate of 93.9%, meaning 93.9% of all applications resulted in a funded mortgage. The denial rate is 3.8%.
What is the average loan amount at First Federal Savings Bank of Champaign-Urbana?
The average mortgage loan amount at First Federal Savings Bank of Champaign-Urbana is $215,611.
What are the most common reasons for mortgage denial at First Federal Savings Bank of Champaign-Urbana?
The most common reasons for mortgage denial at First Federal Savings Bank of Champaign-Urbana are: Credit history, Debt-to-income ratio. In total, 5 applications were denied out of 131 total applications.
What types of mortgage loans does First Federal Savings Bank of Champaign-Urbana offer?
First Federal Savings Bank of Champaign-Urbana processes Conventional loans. The most common type is Conventional with 131 applications and an average loan amount of $215,611.
What loan purposes does First Federal Savings Bank of Champaign-Urbana serve?
First Federal Savings Bank of Champaign-Urbana serves the following loan purposes: Home Purchase (76 applications), Refinancing (23 applications), Cash-out Refinancing (20 applications), Other (12 applications). Home Purchase is the most common purpose.
Where is First Federal Savings Bank of Champaign-Urbana located?
First Federal Savings Bank of Champaign-Urbana is headquartered in Champaign, IL. The lender is identified by LEI 254900KX4PZDHAK8I871 in HMDA data.
How does First Federal Savings Bank of Champaign-Urbana compare in lending across racial demographics?
First Federal Savings Bank of Champaign-Urbana reports demographic lending data under HMDA requirements. White applicants have an approval rate of 95.2% and denial rate of 3.6%; Black or African American applicants have an approval rate of 77.8% and denial rate of 22.2%; Asian applicants have an approval rate of 75.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.