Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2021
In 2021, Polish & Slavic Federal Credit of Brooklyn, NY reported 1,267 mortgage applications totaling $353.1 million, down 10% from 2020. The average application was for $278,654, and applicants reported an average income of $94,898. 68% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Chicago-Naperville, IL (572), New York-Jersey City-White Plains, NY-NJ (259) and Newark, NJ-PA (60) (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 | 1,267 |
| Total Mortgage Loan Application Amount | $353,055,000 |
| Average Mortgage Loan Application Amount | $278,654 |
| Highest Mortgage Loan Application Amount | $13,505,000 |
| Average Applicant Income | $94,898 |
| Highest Applicant Income | $5,720,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 460 | $ 89,960,000 | $ 195,565 | $ 74,000 |
| Queens, New York | 91 | $ 47,115,000 | $ 517,747 | $ 108,000 |
| Kings, New York | 53 | $ 42,405,000 | $ 800,094 | $ 143,000 |
| Monroe, Pennsylvania | 52 | $ 8,850,000 | $ 170,192 | $ 89,000 |
| Bergen, New Jersey | 50 | $ 27,130,000 | $ 542,600 | $ 148,000 |
| DuPage, Illinois | 46 | $ 10,270,000 | $ 223,260 | $ 96,000 |
| Will, Illinois | 33 | $ 6,785,000 | $ 205,606 | $ 65,000 |
| McHenry, Illinois | 32 | $ 6,260,000 | $ 195,625 | $ 70,000 |
| Lake, Illinois | 31 | $ 5,345,000 | $ 172,419 | $ 63,000 |
| Fairfield, Connecticut | 28 | $ 9,070,000 | $ 323,928 | $ 126,000 |
| Mercer, New Jersey | 26 | $ 4,470,000 | $ 171,923 | $ 68,000 |
| Suffolk, New York | 25 | $ 8,095,000 | $ 323,800 | $ 128,000 |
| Passaic, New Jersey | 23 | $ 6,045,000 | $ 262,826 | $ 87,000 |
| Middlesex, New Jersey | 22 | $ 4,360,000 | $ 198,181 | $ 98,000 |
| Richmond, New York | 20 | $ 6,600,000 | $ 330,000 | $ 83,000 |
| Morris, New Jersey | 18 | $ 4,690,000 | $ 260,555 | $ 103,000 |
| Nassau, New York | 18 | $ 6,530,000 | $ 362,777 | $ 141,000 |
| Kane, Illinois | 17 | $ 4,345,000 | $ 255,588 | $ 76,000 |
| Bucks, Pennsylvania | 17 | $ 4,885,000 | $ 287,352 | $ 101,000 |
| Union, New Jersey | 14 | $ 3,650,000 | $ 260,714 | $ 90,000 |
| Sussex, New Jersey | 11 | $ 3,585,000 | $ 325,909 | $ 133,000 |
| Pike, Pennsylvania | 11 | $ 1,725,000 | $ 156,818 | $ 75,000 |
| Sarasota, Florida | 10 | $ 1,870,000 | $ 187,000 | $ 117,000 |
| Hudson, New Jersey | 10 | $ 4,440,000 | $ 444,000 | $ 828,000 |
| Monmouth, New Jersey | 10 | $ 2,860,000 | $ 286,000 | $ 90,000 |
| Collier, Florida | 9 | $ 3,435,000 | $ 381,666 | $ 104,000 |
| Pinellas, Florida | 7 | $ 1,745,000 | $ 249,285 | $ 87,000 |
| Palm Beach, Florida | 6 | $ 820,000 | $ 136,666 | $ 68,000 |
| Essex, New Jersey | 6 | $ 3,080,000 | $ 513,333 | $ 73,000 |
| Ocean, New Jersey | 6 | $ 1,810,000 | $ 301,666 | $ 78,000 |
| Somerset, New Jersey | 6 | $ 1,500,000 | $ 250,000 | $ 160,000 |
| Sullivan, New York | 6 | $ 620,000 | $ 103,333 | $ 74,000 |
| Broward, Florida | 5 | $ 445,000 | $ 89,000 | $ 73,000 |
| Hartford, Connecticut | 4 | $ 810,000 | $ 202,500 | $ 110,000 |
| Manatee, Florida | 4 | $ 860,000 | $ 215,000 | $ 132,000 |
| Burlington, New Jersey | 4 | $ 680,000 | $ 170,000 | $ 97,000 |
| Warren, New Jersey | 4 | $ 900,000 | $ 225,000 | $ 88,000 |
| Carbon, Pennsylvania | 4 | $ 600,000 | $ 150,000 | $ 85,000 |
| Lehigh, Pennsylvania | 4 | $ 550,000 | $ 137,500 | $ 45,000 |
| Montgomery, Pennsylvania | 4 | $ 710,000 | $ 177,500 | $ 60,000 |
| Flagler, Florida | 3 | $ 555,000 | $ 185,000 | $ 29,000 |
| Dutchess, New York | 3 | $ 665,000 | $ 221,666 | $ 103,000 |
| Putnam, New York | 3 | $ 705,000 | $ 235,000 | $ 130,000 |
| Rockland, New York | 3 | $ 775,000 | $ 258,333 | $ 61,000 |
| Ulster, New York | 3 | $ 765,000 | $ 255,000 | $ 91,000 |
| Westchester, New York | 3 | $ 1,015,000 | $ 338,333 | $ 111,000 |
| Northampton, Pennsylvania | 3 | $ 495,000 | $ 165,000 | $ 82,000 |
| Philadelphia, Pennsylvania | 3 | $ 545,000 | $ 181,666 | $ 67,000 |
| Bay, Florida | 2 | $ 570,000 | $ 285,000 | $ 90,000 |
| Brevard, Florida | 2 | $ 180,000 | $ 90,000 | $ 56,000 |
| Osceola, Florida | 2 | $ 370,000 | $ 185,000 | $ 93,000 |
| Pasco, Florida | 2 | $ 250,000 | $ 125,000 | $ 119,000 |
| Bronx, New York | 2 | $ 1,520,000 | $ 760,000 | $ 113,000 |
| Litchfield, Connecticut | 1 | $ 265,000 | $ 265,000 | $ 145,000 |
| New Haven, Connecticut | 1 | $ 225,000 | $ 225,000 | $ 70,000 |
| Windham, Connecticut | 1 | $ 105,000 | $ 105,000 | $ 115,000 |
| Duval, Florida | 1 | $ 125,000 | $ 125,000 | $ 59,000 |
| Lee, Florida | 1 | $ 185,000 | $ 185,000 | $ 63,000 |
| Miami-Dade, Florida | 1 | $ 185,000 | $ 185,000 | $ 56,000 |
| Volusia, Florida | 1 | $ 155,000 | $ 155,000 | $ 64,000 |
| Carroll, Illinois | 1 | $ 145,000 | $ 145,000 | $ 433,000 |
| Grundy, Illinois | 1 | $ 245,000 | $ 245,000 | $ 40,000 |
| Kankakee, Illinois | 1 | $ 185,000 | $ 185,000 | $ 51,000 |
| Kendall, Illinois | 1 | $ 255,000 | $ 255,000 | $ 80,000 |
| Atlantic, New Jersey | 1 | $ 125,000 | $ 125,000 | $ 34,000 |
| Gloucester, New Jersey | 1 | $ 145,000 | $ 145,000 | $ 34,000 |
| Albany, New York | 1 | $ 225,000 | $ 225,000 | $ 113,000 |
| Broome, New York | 1 | $ 75,000 | $ 75,000 | $ 105,000 |
| Columbia, New York | 1 | $ 105,000 | $ 105,000 | $ 23,000 |
| Greene, New York | 1 | $ 285,000 | $ 285,000 | $ 136,000 |
| Livingston, New York | 1 | $ 265,000 | $ 265,000 | $ 128,000 |
| New York, New York | 1 | $ 185,000 | $ 185,000 | $ 131,000 |
| Orange, New York | 1 | $ 385,000 | $ 385,000 | $ 136,000 |
| Schoharie, New York | 1 | $ 115,000 | $ 115,000 | $ 46,000 |
| Dauphin, Pennsylvania | 1 | $ 305,000 | $ 305,000 | $ 151,000 |
| Delaware, Pennsylvania | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Lackawanna, Pennsylvania | 1 | $ 95,000 | $ 95,000 | $ 40,000 |
| Luzerne, Pennsylvania | 1 | $ 65,000 | $ 65,000 | $ 62,000 |
| Wayne, Pennsylvania | 1 | $ 185,000 | $ 185,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2021
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 | 552 | $149,970,000 | $271,000 | $1,465,000 | $102,000 | $5,720,000 |
| Refinancing | 351 | $72,395,000 | $206,000 | $2,905,000 | $79,000 | $508,000 |
| Cash-out Refinancing | 249 | $101,725,000 | $408,000 | $13,505,000 | $103,000 | $1,370,000 |
| Other Purpose | 92 | $23,160,000 | $251,000 | $725,000 | $94,000 | $250,000 |
| Home Improvement | 23 | $5,805,000 | $252,000 | $575,000 | $83,000 | $326,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 1,159 | $281,455,000 | $242,000 | $1,445,000 | $94,000 | $5,720,000 |
| Not applicable | 60 | $54,750,000 | $912,000 | $13,505,000 | $0 | $0 |
| Hispanic | 28 | $10,250,000 | $366,000 | $785,000 | $78,000 | $147,000 |
| Not Provided | 17 | $4,965,000 | $292,000 | $535,000 | $146,000 | $308,000 |
| Asian | 1 | $215,000 | $215,000 | $215,000 | $49,000 | $49,000 |
| Black or African American | 1 | $915,000 | $915,000 | $915,000 | $179,000 | $179,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,267 | $353,055,000 | $278,000 | $13,505,000 | $94,000 | $5,720,000 |
| 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 | 863 | $225,715,000 | $261,000 | $1,505,000 | $91,000 | $1,370,000 |
| Application Withdrawn By Applicant | 177 | $50,575,000 | $285,000 | $1,505,000 | $130,000 | $5,720,000 |
| Application Denied By Financial Institution | 144 | $37,010,000 | $257,000 | $1,445,000 | $73,000 | $237,000 |
| File Closed For Incompleteness | 51 | $32,245,000 | $632,000 | $13,505,000 | $94,000 | $285,000 |
| Application Approved But Not Accepted | 32 | $7,510,000 | $234,000 | $735,000 | $92,000 | $308,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,123 | $316,045,000 | $281,000 | $13,505,000 | $97,000 | $5,720,000 |
| Debt-To-Income Ratio | 78 | $21,690,000 | $278,000 | $1,445,000 | $66,000 | $232,000 |
| Credit History | 24 | $5,880,000 | $245,000 | $545,000 | $92,000 | $203,000 |
| Other | 17 | $4,545,000 | $267,000 | $605,000 | $84,000 | $237,000 |
| Collateral | 14 | $2,240,000 | $160,000 | $465,000 | $72,000 | $130,000 |
| Employment History | 8 | $1,640,000 | $205,000 | $345,000 | $61,000 | $131,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $105,000 | $105,000 | $105,000 | $38,000 | $38,000 |
| Mortgage Insurance Denied | 1 | $235,000 | $235,000 | $235,000 | $103,000 | $103,000 |
| Unverifiable Information | 1 | $675,000 | $675,000 | $675,000 | $64,000 | $64,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2021 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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