Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2013
In 2013, Polish & Slavic Federal Credit of Brooklyn, NY reported 1,273 mortgage applications totaling $275.8 million, down 5% from 2012. The average application was for $216,659, and applicants reported an average income of $74,213. 62% of its applications resulted in an originated loan and 12% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (504), Chicago-Joliet-Naperville, IL (461) and Nassau-Suffolk, NY (77) (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 | 1,273 |
| Total Mortgage Loan Application Amount | $275,807,000 |
| Average Mortgage Loan Application Amount | $216,659 |
| Highest Mortgage Loan Application Amount | $3,360,000 |
| Average Applicant Income | $74,213 |
| Highest Applicant Income | $876,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 389 | $ 42,436,000 | $ 109,089 | $ 61,000 |
| Queens, New York | 187 | $ 56,659,000 | $ 302,989 | $ 84,000 |
| Kings, New York | 108 | $ 60,737,000 | $ 562,379 | $ 61,000 |
| Bergen, New Jersey | 97 | $ 24,825,000 | $ 255,927 | $ 84,000 |
| DuPage, Illinois | 49 | $ 5,302,000 | $ 108,204 | $ 65,000 |
| Suffolk, New York | 47 | $ 10,397,000 | $ 221,212 | $ 87,000 |
| Passaic, New Jersey | 42 | $ 7,894,000 | $ 187,952 | $ 85,000 |
| Richmond, New York | 39 | $ 9,130,000 | $ 234,102 | $ 80,000 |
| Middlesex, New Jersey | 35 | $ 6,400,000 | $ 182,857 | $ 89,000 |
| Union, New Jersey | 34 | $ 5,253,000 | $ 154,500 | $ 75,000 |
| Nassau, New York | 30 | $ 9,327,000 | $ 310,900 | $ 153,000 |
| Monroe, Pennsylvania | 21 | $ 2,752,000 | $ 131,047 | $ 86,000 |
| Somerset, New Jersey | 17 | $ 3,408,000 | $ 200,470 | $ 70,000 |
| Mercer, New Jersey | 16 | $ 2,143,000 | $ 133,937 | $ 43,000 |
| Hudson, New Jersey | 13 | $ 3,415,000 | $ 262,692 | $ 66,000 |
| Lake, Illinois | 12 | $ 1,958,000 | $ 163,166 | $ 95,000 |
| Morris, New Jersey | 11 | $ 2,741,000 | $ 249,181 | $ 97,000 |
| Bucks, Pennsylvania | 10 | $ 1,491,000 | $ 149,100 | $ 49,000 |
| McHenry, Illinois | 8 | $ 808,000 | $ 101,000 | $ 53,000 |
| Will, Illinois | 8 | $ 1,018,000 | $ 127,250 | $ 97,000 |
| Sussex, New Jersey | 8 | $ 1,349,000 | $ 168,625 | $ 70,000 |
| Kane, Illinois | 7 | $ 509,000 | $ 72,714 | $ 45,000 |
| Monmouth, New Jersey | 7 | $ 2,264,000 | $ 323,428 | $ 54,000 |
| Rockland, New York | 7 | $ 1,142,000 | $ 163,142 | $ 68,000 |
| Philadelphia, Pennsylvania | 6 | $ 489,000 | $ 81,500 | $ 42,000 |
| Pike, Pennsylvania | 6 | $ 812,000 | $ 135,333 | $ 113,000 |
| New York, New York | 5 | $ 2,380,000 | $ 476,000 | $ 173,000 |
| Sullivan, New York | 5 | $ 454,000 | $ 90,800 | $ 74,000 |
| Wayne, Pennsylvania | 5 | $ 612,000 | $ 122,400 | $ 112,000 |
| Essex, New Jersey | 4 | $ 897,000 | $ 224,250 | $ 60,000 |
| Ocean, New Jersey | 4 | $ 789,000 | $ 197,250 | $ 72,000 |
| Westchester, New York | 4 | $ 1,362,000 | $ 340,500 | $ 124,000 |
| Orange, New York | 3 | $ 445,000 | $ 148,333 | $ 38,000 |
| Northampton, Pennsylvania | 3 | $ 396,000 | $ 132,000 | $ 51,000 |
| Atlantic, New Jersey | 2 | $ 224,000 | $ 112,000 | $ 34,000 |
| Burlington, New Jersey | 2 | $ 302,000 | $ 151,000 | $ 46,000 |
| Camden, New Jersey | 2 | $ 292,000 | $ 146,000 | $ 77,000 |
| Cape May, New Jersey | 2 | $ 395,000 | $ 197,500 | $ 67,000 |
| Warren, New Jersey | 2 | $ 444,000 | $ 222,000 | $ 125,000 |
| Delaware, New York | 2 | $ 157,000 | $ 78,500 | $ 41,000 |
| Putnam, New York | 2 | $ 641,000 | $ 320,500 | $ 87,000 |
| Carbon, Pennsylvania | 2 | $ 129,000 | $ 64,500 | $ 92,000 |
| Dauphin, Pennsylvania | 2 | $ 222,000 | $ 111,000 | $ 41,000 |
| Boone, Illinois | 1 | $ 78,000 | $ 78,000 | $ 66,000 |
| Champaign, Illinois | 1 | $ 115,000 | $ 115,000 | $ 46,000 |
| Dutchess, New York | 1 | $ 206,000 | $ 206,000 | $ 61,000 |
| Erie, New York | 1 | $ 64,000 | $ 64,000 | $ 70,000 |
| Lackawanna, Pennsylvania | 1 | $ 90,000 | $ 90,000 | $ 56,000 |
| Lehigh, Pennsylvania | 1 | $ 145,000 | $ 145,000 | $ 110,000 |
| Luzerne, Pennsylvania | 1 | $ 164,000 | $ 164,000 | $ 133,000 |
| Montgomery, Pennsylvania | 1 | $ 145,000 | $ 145,000 | $ 36,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2013
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 | 745 | $122,789,000 | $164,000 | $3,360,000 | $74,000 | $876,000 |
| Refinancing | 496 | $142,934,000 | $288,000 | $2,000,000 | $75,000 | $582,000 |
| Home Improvement | 32 | $10,084,000 | $315,000 | $1,500,000 | $67,000 | $211,000 |
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 | 1,224 | $246,629,000 | $201,000 | $1,800,000 | $76,000 | $876,000 |
| Not applicable | 31 | $25,183,000 | $812,000 | $3,360,000 | $0 | $0 |
| Asian | 7 | $1,676,000 | $239,000 | $445,000 | $101,000 | $134,000 |
| Hispanic | 7 | $1,396,000 | $199,000 | $360,000 | $75,000 | $120,000 |
| Not Provided | 2 | $425,000 | $212,000 | $390,000 | $59,000 | $86,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $153,000 | $153,000 | $153,000 | $102,000 | $102,000 |
| Black or African American | 1 | $345,000 | $345,000 | $345,000 | $118,000 | $118,000 |
| 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) | 1,273 | $275,807,000 | $216,000 | $3,360,000 | $74,000 | $876,000 |
| 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 | 792 | $158,376,000 | $199,000 | $2,000,000 | $73,000 | $876,000 |
| Application Withdrawn By Applicant | 218 | $53,554,000 | $245,000 | $1,700,000 | $80,000 | $384,000 |
| Application Denied By Financial Institution | 159 | $34,668,000 | $218,000 | $1,800,000 | $67,000 | $354,000 |
| File Closed For Incompleteness | 63 | $21,084,000 | $334,000 | $3,360,000 | $92,000 | $510,000 |
| Application Approved But Not Accepted | 41 | $8,125,000 | $198,000 | $560,000 | $76,000 | $180,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 17 | $4,179,000 | $245,000 | $900,000 | $42,000 | $124,000 |
| Collateral | 16 | $2,504,000 | $156,000 | $417,000 | $68,000 | $142,000 |
| Credit History | 4 | $467,000 | $116,000 | $230,000 | $59,000 | $87,000 |
| Other | 1 | $93,000 | $93,000 | $93,000 | $45,000 | $45,000 |
| Unverifiable Information | 1 | $33,000 | $33,000 | $33,000 | $46,000 | $46,000 |
| Employment History | 1 | $66,000 | $66,000 | $66,000 | $31,000 | $31,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $203,000 | $203,000 | $203,000 | $354,000 | $354,000 |
| Mortgage Insurance Denied | 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 2013 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
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