First Central Savings Bank Mortgage Lending & HMDA Data, 2023
In 2023, First Central Savings Bank of Geln Cove, NY reported 388 mortgage applications totaling $264.0 million, down 34% from 2022. The average application was for $680,309, and applicants reported an average income of $199,747. 81% of its applications resulted in an originated loan and 2% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (240), Nassau County-Suffolk County, NY (73) and New York-Newark, NY (9) (applications in parentheses).
| Mortgage Company & Address | First Central Savings Bank 70 Glen Street Geln Cove, NY 11542 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 |
| Total Number of Mortgage Applications | 388 |
| Total Mortgage Loan Application Amount | $263,960,000 |
| Average Mortgage Loan Application Amount | $680,309 |
| Highest Mortgage Loan Application Amount | $3,405,000 |
| Average Applicant Income | $199,747 |
| Highest Applicant Income | $3,605,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Central Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Queens, New York | 107 | $ 79,935,000 | $ 747,056 | $ 186,000 |
| Kings, New York | 60 | $ 52,550,000 | $ 875,833 | $ 201,000 |
| Nassau, New York | 55 | $ 36,665,000 | $ 666,636 | $ 299,000 |
| Richmond, New York | 45 | $ 23,755,000 | $ 527,888 | $ 159,000 |
| Suffolk, New York | 18 | $ 10,360,000 | $ 575,555 | $ 196,000 |
| Broward, Florida | 8 | $ 6,070,000 | $ 758,750 | $ 376,000 |
| Miami-Dade, Florida | 8 | $ 4,510,000 | $ 563,750 | $ 270,000 |
| Westchester, New York | 8 | $ 4,840,000 | $ 605,000 | $ 135,000 |
| Bronx, New York | 7 | $ 4,655,000 | $ 665,000 | $ 232,000 |
| New York, New York | 7 | $ 12,465,000 | $ 1,780,714 | $ 321,000 |
| Osceola, Florida | 4 | $ 1,550,000 | $ 387,500 | $ 126,000 |
| Palm Beach, Florida | 4 | $ 2,700,000 | $ 675,000 | $ 238,000 |
| Orange, New York | 4 | $ 2,870,000 | $ 717,500 | $ 178,000 |
| Orange, Florida | 3 | $ 2,645,000 | $ 881,666 | $ 315,000 |
| Bergen, New Jersey | 3 | $ 1,355,000 | $ 451,666 | $ 113,000 |
| Dutchess, New York | 3 | $ 945,000 | $ 315,000 | $ 101,000 |
| Polk, Florida | 2 | $ 690,000 | $ 345,000 | $ 152,000 |
| Penobscot, Maine | 2 | $ 440,000 | $ 220,000 | $ 80,000 |
| Hudson, New Jersey | 2 | $ 720,000 | $ 360,000 | $ 111,000 |
| Albany, New York | 2 | $ 460,000 | $ 230,000 | $ 78,000 |
| Monroe, Pennsylvania | 2 | $ 560,000 | $ 280,000 | $ 105,000 |
| Philadelphia, Pennsylvania | 2 | $ 560,000 | $ 280,000 | $ 102,000 |
| Fairfield, Connecticut | 1 | $ 305,000 | $ 305,000 | $ 116,000 |
| New Haven, Connecticut | 1 | $ 285,000 | $ 285,000 | $ 144,000 |
| New London, Connecticut | 1 | $ 215,000 | $ 215,000 | $ 102,000 |
| Brevard, Florida | 1 | $ 305,000 | $ 305,000 | $ 89,000 |
| Hillsborough, Florida | 1 | $ 355,000 | $ 355,000 | $ 98,000 |
| Lee, Florida | 1 | $ 365,000 | $ 365,000 | $ 178,000 |
| Volusia, Florida | 1 | $ 295,000 | $ 295,000 | $ 156,000 |
| Boone, Kentucky | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Kennebec, Maine | 1 | $ 295,000 | $ 295,000 | $ 103,000 |
| Montgomery, Maryland | 1 | $ 385,000 | $ 385,000 | $ 91,000 |
| Prince George's, Maryland | 1 | $ 405,000 | $ 405,000 | $ 237,000 |
| DeSoto, Mississippi | 1 | $ 255,000 | $ 255,000 | $ 242,000 |
| Atlantic, New Jersey | 1 | $ 385,000 | $ 385,000 | $ 102,000 |
| Essex, New Jersey | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Middlesex, New Jersey | 1 | $ 405,000 | $ 405,000 | $ 110,000 |
| Ocean, New Jersey | 1 | $ 585,000 | $ 585,000 | $ 154,000 |
| Broome, New York | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Erie, New York | 1 | $ 255,000 | $ 255,000 | $ 48,000 |
| Greene, New York | 1 | $ 415,000 | $ 415,000 | $ 112,000 |
| Rockland, New York | 1 | $ 605,000 | $ 605,000 | $ 150,000 |
| Tompkins, New York | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Wake, North Carolina | 1 | $ 455,000 | $ 455,000 | $ 107,000 |
| Auglaize, Ohio | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Franklin, Ohio | 1 | $ 275,000 | $ 275,000 | $ 91,000 |
| Clackamas, Oregon | 1 | $ 565,000 | $ 565,000 | $ 102,000 |
| Multnomah, Oregon | 1 | $ 425,000 | $ 425,000 | $ 114,000 |
| Allegheny, Pennsylvania | 1 | $ 375,000 | $ 375,000 | $ 110,000 |
| Delaware, Pennsylvania | 1 | $ 385,000 | $ 385,000 | $ 107,000 |
| Lebanon, Pennsylvania | 1 | $ 225,000 | $ 225,000 | $ 102,000 |
| Pike, Pennsylvania | 1 | $ 415,000 | $ 415,000 | $ 98,000 |
| Hood, Texas | 1 | $ 1,445,000 | $ 1,445,000 | $ 0 |
| Prince William, Virginia | 1 | $ 415,000 | $ 415,000 | $ 118,000 |
Mortgage Loan Application Detail Totals for First Central Savings Bank 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 | 323 | $203,065,000 | $628,000 | $2,975,000 | $197,000 | $3,605,000 |
| Cash-out Refinancing | 37 | $33,965,000 | $917,000 | $3,405,000 | $209,000 | $456,000 |
| Refinancing | 15 | $13,785,000 | $919,000 | $3,405,000 | $155,000 | $346,000 |
| Other Purpose | 9 | $9,135,000 | $1,015,000 | $3,005,000 | $301,000 | $945,000 |
| Home Improvement | 4 | $4,010,000 | $1,002,000 | $1,655,000 | $276,000 | $397,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 |
|---|---|---|---|---|---|---|
| Asian | 203 | $120,085,000 | $591,000 | $2,975,000 | $162,000 | $617,000 |
| Not applicable | 89 | $74,245,000 | $834,000 | $3,405,000 | $0 | $0 |
| Not Provided | 47 | $31,755,000 | $675,000 | $2,255,000 | $315,000 | $3,605,000 |
| White | 32 | $26,840,000 | $838,000 | $3,005,000 | $288,000 | $945,000 |
| Hispanic | 13 | $8,365,000 | $643,000 | $1,005,000 | $178,000 | $346,000 |
| Black or African American | 3 | $2,175,000 | $725,000 | $1,065,000 | $237,000 | $428,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $495,000 | $495,000 | $495,000 | $167,000 | $167,000 |
| American Indian or Alaskan Native | 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) | 388 | $263,960,000 | $680,000 | $3,405,000 | $201,000 | $3,605,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 315 | $215,145,000 | $683,000 | $3,405,000 | $205,000 | $3,605,000 |
| File Closed For Incompleteness | 55 | $38,185,000 | $694,000 | $1,655,000 | $200,000 | $707,000 |
| Application Denied By Financial Institution | 8 | $4,570,000 | $571,000 | $1,205,000 | $97,000 | $120,000 |
| Loan Purchased By The Institution | 8 | $3,510,000 | $438,000 | $715,000 | $0 | $0 |
| Application Withdrawn By Applicant | 2 | $2,550,000 | $1,275,000 | $2,125,000 | $156,000 | $156,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 380 | $259,390,000 | $682,000 | $3,405,000 | $204,000 | $3,605,000 |
| Collateral | 6 | $3,370,000 | $561,000 | $1,205,000 | $96,000 | $120,000 |
| Unverifiable Information | 2 | $1,200,000 | $600,000 | $625,000 | $99,000 | $100,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Central Savings Bank's 2023 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess First Central Savings Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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