Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2011
In 2011, Polish & Slavic Federal Credit of Brooklyn, NY reported 1,071 mortgage applications totaling $236.4 million, up 32% from 2010. The average application was for $220,704, and applicants reported an average income of $82,095. 60% of its applications resulted in an originated loan and 9% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (494), Chicago-Joliet-Naperville, IL (316) and Newark-Union, NJ-PA (73) (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 | 1,071 |
| Total Mortgage Loan Application Amount | $236,375,000 |
| Average Mortgage Loan Application Amount | $220,704 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $82,095 |
| Highest Applicant Income | $674,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cook, Illinois | 266 | $ 29,334,000 | $ 110,278 | $ 69,000 |
| Queens, New York | 170 | $ 49,037,000 | $ 288,452 | $ 90,000 |
| Kings, New York | 114 | $ 54,263,000 | $ 475,991 | $ 95,000 |
| Bergen, New Jersey | 97 | $ 22,035,000 | $ 227,164 | $ 88,000 |
| Passaic, New Jersey | 44 | $ 8,938,000 | $ 203,136 | $ 76,000 |
| Suffolk, New York | 42 | $ 7,695,000 | $ 183,214 | $ 92,000 |
| DuPage, Illinois | 37 | $ 4,345,000 | $ 117,432 | $ 60,000 |
| Middlesex, New Jersey | 33 | $ 6,418,000 | $ 194,484 | $ 86,000 |
| Union, New Jersey | 30 | $ 6,686,000 | $ 222,866 | $ 76,000 |
| Hudson, New Jersey | 28 | $ 5,705,000 | $ 203,750 | $ 78,000 |
| Richmond, New York | 26 | $ 7,034,000 | $ 270,538 | $ 74,000 |
| Morris, New Jersey | 24 | $ 5,531,000 | $ 230,458 | $ 80,000 |
| Mercer, New Jersey | 17 | $ 1,920,000 | $ 112,941 | $ 63,000 |
| Monroe, Pennsylvania | 15 | $ 1,647,000 | $ 109,800 | $ 86,000 |
| Nassau, New York | 13 | $ 4,136,000 | $ 318,153 | $ 113,000 |
| Somerset, New Jersey | 11 | $ 2,121,000 | $ 192,818 | $ 101,000 |
| Monmouth, New Jersey | 9 | $ 1,838,000 | $ 204,222 | $ 77,000 |
| Lake, Illinois | 8 | $ 885,000 | $ 110,625 | $ 71,000 |
| Pike, Pennsylvania | 8 | $ 972,000 | $ 121,500 | $ 87,000 |
| Will, Illinois | 6 | $ 615,000 | $ 102,500 | $ 75,000 |
| Essex, New Jersey | 6 | $ 1,356,000 | $ 226,000 | $ 167,000 |
| Sullivan, New York | 6 | $ 1,299,000 | $ 216,500 | $ 111,000 |
| New York, New York | 5 | $ 3,150,000 | $ 630,000 | $ 154,000 |
| Kane, Illinois | 4 | $ 280,000 | $ 70,000 | $ 43,000 |
| Hunterdon, New Jersey | 4 | $ 798,000 | $ 199,500 | $ 72,000 |
| Ocean, New Jersey | 4 | $ 900,000 | $ 225,000 | $ 110,000 |
| Westchester, New York | 4 | $ 1,246,000 | $ 311,500 | $ 182,000 |
| Bucks, Pennsylvania | 4 | $ 629,000 | $ 157,250 | $ 74,000 |
| McHenry, Illinois | 3 | $ 348,000 | $ 116,000 | $ 110,000 |
| Warren, New Jersey | 3 | $ 650,000 | $ 216,666 | $ 62,000 |
| Orange, New York | 3 | $ 219,000 | $ 73,000 | $ 59,000 |
| Rockland, New York | 3 | $ 841,000 | $ 280,333 | $ 66,000 |
| Philadelphia, Pennsylvania | 3 | $ 221,000 | $ 73,666 | $ 98,000 |
| Chenango, New York | 2 | $ 182,000 | $ 91,000 | $ 93,000 |
| Delaware, New York | 2 | $ 105,000 | $ 52,500 | $ 68,000 |
| Putnam, New York | 2 | $ 765,000 | $ 382,500 | $ 181,000 |
| Putnam, Illinois | 1 | $ 65,000 | $ 65,000 | $ 57,000 |
| Atlantic, New Jersey | 1 | $ 175,000 | $ 175,000 | $ 42,000 |
| Burlington, New Jersey | 1 | $ 207,000 | $ 207,000 | $ 138,000 |
| Cape May, New Jersey | 1 | $ 50,000 | $ 50,000 | $ 36,000 |
| Sussex, New Jersey | 1 | $ 408,000 | $ 408,000 | $ 118,000 |
| Bronx, New York | 1 | $ 350,000 | $ 350,000 | $ 62,000 |
| Broome, New York | 1 | $ 40,000 | $ 40,000 | $ 46,000 |
| Dutchess, New York | 1 | $ 180,000 | $ 180,000 | $ 36,000 |
| Otsego, New York | 1 | $ 50,000 | $ 50,000 | $ 48,000 |
| Rensselaer, New York | 1 | $ 76,000 | $ 76,000 | $ 30,000 |
| Saratoga, New York | 1 | $ 150,000 | $ 150,000 | $ 52,000 |
| Schoharie, New York | 1 | $ 110,000 | $ 110,000 | $ 26,000 |
| Lackawanna, Pennsylvania | 1 | $ 104,000 | $ 104,000 | $ 191,000 |
| Montgomery, Pennsylvania | 1 | $ 123,000 | $ 123,000 | $ 66,000 |
| Northampton, Pennsylvania | 1 | $ 143,000 | $ 143,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2011
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 | 565 | $97,870,000 | $173,000 | $900,000 | $83,000 | $516,000 |
| Refinancing | 445 | $120,967,000 | $271,000 | $2,000,000 | $80,000 | $425,000 |
| Home Improvement | 61 | $17,538,000 | $287,000 | $750,000 | $89,000 | $674,000 |
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 | 1,050 | $223,510,000 | $212,000 | $2,000,000 | $83,000 | $674,000 |
| Not applicable | 16 | $11,700,000 | $731,000 | $1,776,000 | $0 | $0 |
| Asian | 4 | $1,120,000 | $280,000 | $464,000 | $105,000 | $302,000 |
| Black or African American | 1 | $45,000 | $45,000 | $45,000 | $60,000 | $60,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,071 | $236,375,000 | $220,000 | $2,000,000 | $82,000 | $674,000 |
| 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 | 644 | $127,596,000 | $198,000 | $1,776,000 | $82,000 | $450,000 |
| Application Withdrawn By Applicant | 253 | $62,150,000 | $245,000 | $2,000,000 | $86,000 | $674,000 |
| Application Denied By Financial Institution | 100 | $27,944,000 | $279,000 | $1,600,000 | $80,000 | $482,000 |
| Application Approved But Not Accepted | 41 | $8,308,000 | $202,000 | $613,000 | $65,000 | $175,000 |
| File Closed For Incompleteness | 33 | $10,377,000 | $314,000 | $1,600,000 | $90,000 | $234,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 15 | $5,604,000 | $373,000 | $650,000 | $130,000 | $482,000 |
| Debt-To-Income Ratio | 11 | $4,358,000 | $396,000 | $1,600,000 | $53,000 | $114,000 |
| Credit History | 4 | $1,266,000 | $316,000 | $650,000 | $169,000 | $425,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $750,000 | $750,000 | $750,000 | $0 | $0 |
| Other | 1 | $300,000 | $300,000 | $300,000 | $112,000 | $112,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 2011 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.
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