Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2009
In 2009, Polish & Slavic Federal Credit of Brooklyn, NY reported 585 mortgage applications totaling $187.0 million, up 23% from 2008. The average application was for $319,574, and applicants reported an average income of $97,676. 66% of its applications resulted in an originated loan and 6% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (359), Newark-Union, NJ-PA (60) and Edison-New Brunswick, NJ (45) (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 | 585 |
| Total Mortgage Loan Application Amount | $186,951,000 |
| Average Mortgage Loan Application Amount | $319,574 |
| Highest Mortgage Loan Application Amount | $2,120,000 |
| Average Applicant Income | $97,676 |
| Highest Applicant Income | $624,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 107 | $ 55,378,000 | $ 517,551 | $ 113,000 |
| Queens, New York | 106 | $ 37,450,000 | $ 353,301 | $ 80,000 |
| Bergen, New Jersey | 56 | $ 16,636,000 | $ 297,071 | $ 95,000 |
| Middlesex, New Jersey | 30 | $ 5,467,000 | $ 182,233 | $ 71,000 |
| Union, New Jersey | 30 | $ 7,612,000 | $ 253,733 | $ 85,000 |
| Passaic, New Jersey | 29 | $ 7,831,000 | $ 270,034 | $ 93,000 |
| Suffolk, New York | 26 | $ 6,380,000 | $ 245,384 | $ 108,000 |
| Richmond, New York | 23 | $ 7,035,000 | $ 305,869 | $ 114,000 |
| Hudson, New Jersey | 22 | $ 5,284,000 | $ 240,181 | $ 93,000 |
| Nassau, New York | 18 | $ 6,826,000 | $ 379,222 | $ 186,000 |
| Mercer, New Jersey | 16 | $ 3,020,000 | $ 188,750 | $ 96,000 |
| Morris, New Jersey | 14 | $ 4,055,000 | $ 289,642 | $ 86,000 |
| Philadelphia, Pennsylvania | 10 | $ 1,016,000 | $ 101,600 | $ 56,000 |
| Somerset, New Jersey | 9 | $ 1,850,000 | $ 205,555 | $ 59,000 |
| Monroe, Pennsylvania | 9 | $ 1,159,000 | $ 128,777 | $ 63,000 |
| Bucks, Pennsylvania | 6 | $ 846,000 | $ 141,000 | $ 82,000 |
| Burlington, New Jersey | 5 | $ 943,000 | $ 188,600 | $ 66,000 |
| Essex, New Jersey | 5 | $ 1,465,000 | $ 293,000 | $ 148,000 |
| Monmouth, New Jersey | 5 | $ 1,071,000 | $ 214,200 | $ 74,000 |
| New York, New York | 5 | $ 5,850,000 | $ 1,170,000 | $ 398,000 |
| Sullivan, New York | 5 | $ 461,000 | $ 92,200 | $ 63,000 |
| Sussex, New Jersey | 4 | $ 779,000 | $ 194,750 | $ 79,000 |
| Putnam, New York | 4 | $ 957,000 | $ 239,250 | $ 104,000 |
| Westchester, New York | 4 | $ 1,423,000 | $ 355,750 | $ 203,000 |
| Lehigh, Pennsylvania | 4 | $ 570,000 | $ 142,500 | $ 55,000 |
| Pike, Pennsylvania | 4 | $ 640,000 | $ 160,000 | $ 84,000 |
| Hunterdon, New Jersey | 3 | $ 741,000 | $ 247,000 | $ 110,000 |
| Orange, New York | 3 | $ 453,000 | $ 151,000 | $ 98,000 |
| Luzerne, Pennsylvania | 3 | $ 331,000 | $ 110,333 | $ 83,000 |
| Warren, New Jersey | 2 | $ 656,000 | $ 328,000 | $ 145,000 |
| Columbia, New York | 2 | $ 155,000 | $ 77,500 | $ 88,000 |
| Rockland, New York | 2 | $ 450,000 | $ 225,000 | $ 98,000 |
| Carbon, Pennsylvania | 2 | $ 197,000 | $ 98,500 | $ 87,000 |
| Montgomery, Pennsylvania | 2 | $ 532,000 | $ 266,000 | $ 67,000 |
| Ocean, New Jersey | 1 | $ 280,000 | $ 280,000 | $ 88,000 |
| Bronx, New York | 1 | $ 65,000 | $ 65,000 | $ 122,000 |
| Broome, New York | 1 | $ 85,000 | $ 85,000 | $ 62,000 |
| Cayuga, New York | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Delaware, New York | 1 | $ 46,000 | $ 46,000 | $ 105,000 |
| Dutchess, New York | 1 | $ 218,000 | $ 218,000 | $ 96,000 |
| Essex, New York | 1 | $ 125,000 | $ 125,000 | $ 24,000 |
| Ulster, New York | 1 | $ 200,000 | $ 200,000 | $ 176,000 |
| Chester, Pennsylvania | 1 | $ 113,000 | $ 113,000 | $ 34,000 |
| Northampton, Pennsylvania | 1 | $ 95,000 | $ 95,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2009
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 | 310 | $94,225,000 | $303,000 | $2,120,000 | $103,000 | $624,000 |
| Refinancing | 213 | $72,622,000 | $340,000 | $1,500,000 | $91,000 | $382,000 |
| Home Improvement | 62 | $20,104,000 | $324,000 | $840,000 | $94,000 | $380,000 |
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 | 564 | $170,924,000 | $303,000 | $2,120,000 | $101,000 | $624,000 |
| Not applicable | 18 | $15,022,000 | $834,000 | $1,640,000 | $0 | $0 |
| Asian | 2 | $752,000 | $376,000 | $378,000 | $204,000 | $240,000 |
| Hispanic | 1 | $253,000 | $253,000 | $253,000 | $144,000 | $144,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 585 | $186,951,000 | $319,000 | $2,120,000 | $98,000 | $624,000 |
| 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 | 387 | $113,740,000 | $293,000 | $2,120,000 | $97,000 | $624,000 |
| Application Withdrawn By Applicant | 119 | $43,221,000 | $363,000 | $1,640,000 | $108,000 | $607,000 |
| Application Approved But Not Accepted | 44 | $13,502,000 | $306,000 | $750,000 | $107,000 | $380,000 |
| Application Denied By Financial Institution | 34 | $15,990,000 | $470,000 | $1,500,000 | $64,000 | $382,000 |
| File Closed For Incompleteness | 1 | $498,000 | $498,000 | $498,000 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 3 | $2,026,000 | $675,000 | $1,310,000 | $18,000 | $54,000 |
| Debt-To-Income Ratio | 3 | $2,520,000 | $840,000 | $1,350,000 | $0 | $0 |
| Credit History | 2 | $794,000 | $397,000 | $571,000 | $32,000 | $64,000 |
| Mortgage Insurance Denied | 1 | $728,000 | $728,000 | $728,000 | $185,000 | $185,000 |
| Other | 1 | $1,500,000 | $1,500,000 | $1,500,000 | $0 | $0 |
| Unverifiable Information | 1 | $120,000 | $120,000 | $120,000 | $94,000 | $94,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2009 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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