Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2006
In 2006, Polish & Slavic Federal Credit of Brooklyn, NY reported 458 mortgage applications totaling $143.7 million, down 32% from 2005. The average application was for $313,770, and applicants reported an average income of $120,364. 83% of its applications resulted in an originated loan and 2% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (292), Newark-Union, NJ-PA (53) and Nassau-Suffolk, NY (41) (applications in parentheses).
| Mortgage Company & Address | Polish & Slavic Federal Credit 100 McGuinness Blvd Brooklyn, NY 11222 Tel #: available with data download |
| Federal Regulator | * available with data download |
| 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 | 458 |
| Total Mortgage Loan Application Amount | $143,707,000 |
| Average Mortgage Loan Application Amount | $313,770 |
| Highest Mortgage Loan Application Amount | $1,820,000 |
| Average Applicant Income | $120,364 |
| Highest Applicant Income | $1,188,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Kings, New York | 91 | $ 40,682,000 | $ 447,054 | $ 101,000 |
| Queens, New York | 79 | $ 27,189,000 | $ 344,164 | $ 104,000 |
| Bergen, New Jersey | 49 | $ 15,679,000 | $ 319,979 | $ 154,000 |
| Union, New Jersey | 28 | $ 6,828,000 | $ 243,857 | $ 103,000 |
| Middlesex, New Jersey | 27 | $ 6,383,000 | $ 236,407 | $ 107,000 |
| Passaic, New Jersey | 27 | $ 7,728,000 | $ 286,222 | $ 120,000 |
| Hudson, New Jersey | 22 | $ 5,499,000 | $ 249,954 | $ 116,000 |
| Suffolk, New York | 22 | $ 6,151,000 | $ 279,590 | $ 163,000 |
| Nassau, New York | 19 | $ 6,083,000 | $ 320,157 | $ 157,000 |
| Richmond, New York | 16 | $ 4,351,000 | $ 271,937 | $ 130,000 |
| Morris, New Jersey | 15 | $ 4,312,000 | $ 287,466 | $ 136,000 |
| Sullivan, New York | 10 | $ 1,568,000 | $ 156,800 | $ 127,000 |
| Orange, New York | 7 | $ 1,843,000 | $ 263,285 | $ 144,000 |
| Essex, New Jersey | 5 | $ 1,383,000 | $ 276,600 | $ 158,000 |
| Sussex, New Jersey | 5 | $ 1,326,000 | $ 265,200 | $ 110,000 |
| Mercer, New Jersey | 4 | $ 597,000 | $ 149,250 | $ 74,000 |
| Ocean, New Jersey | 4 | $ 648,000 | $ 162,000 | $ 99,000 |
| Somerset, New Jersey | 4 | $ 1,269,000 | $ 317,250 | $ 204,000 |
| Ulster, New York | 4 | $ 413,000 | $ 103,250 | $ 148,000 |
| Westchester, New York | 3 | $ 690,000 | $ 230,000 | $ 131,000 |
| Bronx, New York | 2 | $ 566,000 | $ 283,000 | $ 79,000 |
| Chenango, New York | 2 | $ 360,000 | $ 180,000 | $ 99,000 |
| Monroe, New York | 2 | $ 163,000 | $ 81,500 | $ 55,000 |
| Rockland, New York | 2 | $ 515,000 | $ 257,500 | $ 109,000 |
| Atlantic, New Jersey | 1 | $ 228,000 | $ 228,000 | $ 301,000 |
| Burlington, New Jersey | 1 | $ 164,000 | $ 164,000 | $ 107,000 |
| Cumberland, New Jersey | 1 | $ 150,000 | $ 150,000 | $ 222,000 |
| Monmouth, New Jersey | 1 | $ 264,000 | $ 264,000 | $ 89,000 |
| Warren, New Jersey | 1 | $ 135,000 | $ 135,000 | $ 57,000 |
| Delaware, New York | 1 | $ 120,000 | $ 120,000 | $ 99,000 |
| Niagara, New York | 1 | $ 32,000 | $ 32,000 | $ 31,000 |
| Putnam, New York | 1 | $ 238,000 | $ 238,000 | $ 169,000 |
| Saratoga, New York | 1 | $ 150,000 | $ 150,000 | $ 58,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2006
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 | 277 | $95,369,000 | $344,000 | $1,500,000 | $122,000 | $728,000 |
| Home Improvement | 110 | $25,395,000 | $230,000 | $910,000 | $121,000 | $610,000 |
| Refinancing | 71 | $22,943,000 | $323,000 | $1,820,000 | $113,000 | $1,188,000 |
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 | 454 | $140,728,000 | $309,000 | $1,820,000 | $121,000 | $1,188,000 |
| Not applicable | 4 | $2,979,000 | $744,000 | $1,500,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 458 | $143,707,000 | $313,000 | $1,820,000 | $120,000 | $1,188,000 |
| 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 | 382 | $116,696,000 | $305,000 | $1,820,000 | $120,000 | $1,188,000 |
| Application Withdrawn By Applicant | 38 | $12,297,000 | $323,000 | $910,000 | $110,000 | $343,000 |
| Application Approved But Not Accepted | 29 | $11,384,000 | $392,000 | $910,000 | $133,000 | $600,000 |
| Application Denied By Financial Institution | 8 | $3,180,000 | $397,000 | $600,000 | $126,000 | $586,000 |
| File Closed For Incompleteness | 1 | $150,000 | $150,000 | $150,000 | $122,000 | $122,000 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Credit History | 4 | $1,510,000 | $377,000 | $600,000 | $56,000 | $144,000 |
| Collateral | 1 | $500,000 | $500,000 | $500,000 | $586,000 | $586,000 |
| Other | 1 | $340,000 | $340,000 | $340,000 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Polish & Slavic Federal Credit's 2006 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 Polish & Slavic Federal Credit'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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