Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2023
In 2023, Polish & Slavic Federal Credit of Brooklyn, NY reported 709 mortgage applications totaling $179.4 million, down 58% from 2022. The average application was for $253,067, and applicants reported an average income of $145,110. 59% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Chicago-Naperville, IL (316), New York-Jersey City-White Plains, NY-NJ (133) and Newark, NJ-PA (37) (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 | 709 |
| Total Mortgage Loan Application Amount | $179,425,000 |
| Average Mortgage Loan Application Amount | $253,067 |
| Highest Mortgage Loan Application Amount | $2,605,000 |
| Average Applicant Income | $145,110 |
| Highest Applicant Income | $7,269,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 229 | $ 48,725,000 | $ 212,772 | $ 101,000 |
| DuPage, Illinois | 39 | $ 5,465,000 | $ 140,128 | $ 156,000 |
| Queens, New York | 39 | $ 13,235,000 | $ 339,358 | $ 316,000 |
| Will, Illinois | 34 | $ 7,310,000 | $ 215,000 | $ 116,000 |
| Bergen, New Jersey | 33 | $ 7,555,000 | $ 228,939 | $ 367,000 |
| Suffolk, New York | 23 | $ 6,995,000 | $ 304,130 | $ 114,000 |
| Monroe, Pennsylvania | 20 | $ 3,320,000 | $ 166,000 | $ 157,000 |
| Kings, New York | 19 | $ 21,235,000 | $ 1,117,631 | $ 92,000 |
| Passaic, New Jersey | 18 | $ 4,750,000 | $ 263,888 | $ 365,000 |
| Union, New Jersey | 15 | $ 6,005,000 | $ 400,333 | $ 276,000 |
| Lake, Illinois | 14 | $ 3,010,000 | $ 215,000 | $ 73,000 |
| McHenry, Illinois | 14 | $ 3,300,000 | $ 235,714 | $ 81,000 |
| Richmond, New York | 14 | $ 2,030,000 | $ 145,000 | $ 109,000 |
| Kane, Illinois | 13 | $ 2,615,000 | $ 201,153 | $ 100,000 |
| Nassau, New York | 12 | $ 3,060,000 | $ 255,000 | $ 127,000 |
| Mercer, New Jersey | 11 | $ 2,165,000 | $ 196,818 | $ 81,000 |
| Middlesex, New Jersey | 11 | $ 1,665,000 | $ 151,363 | $ 101,000 |
| Bucks, Pennsylvania | 10 | $ 2,270,000 | $ 227,000 | $ 79,000 |
| Morris, New Jersey | 8 | $ 2,040,000 | $ 255,000 | $ 143,000 |
| Fairfield, Connecticut | 7 | $ 1,985,000 | $ 283,571 | $ 217,000 |
| Hartford, Connecticut | 7 | $ 1,605,000 | $ 229,285 | $ 97,000 |
| Orange, New York | 6 | $ 920,000 | $ 153,333 | $ 88,000 |
| Duval, Florida | 5 | $ 635,000 | $ 127,000 | $ 129,000 |
| Pasco, Florida | 5 | $ 1,295,000 | $ 259,000 | $ 51,000 |
| Sarasota, Florida | 5 | $ 2,095,000 | $ 419,000 | $ 152,000 |
| Essex, New Jersey | 5 | $ 1,365,000 | $ 273,000 | $ 95,000 |
| Hudson, New Jersey | 5 | $ 2,755,000 | $ 551,000 | $ 77,000 |
| Monmouth, New Jersey | 5 | $ 1,125,000 | $ 225,000 | $ 109,000 |
| Philadelphia, Pennsylvania | 5 | $ 545,000 | $ 109,000 | $ 56,000 |
| Hunterdon, New Jersey | 4 | $ 840,000 | $ 210,000 | $ 175,000 |
| Ocean, New Jersey | 4 | $ 1,220,000 | $ 305,000 | $ 86,000 |
| Somerset, New Jersey | 4 | $ 820,000 | $ 205,000 | $ 144,000 |
| Manatee, Florida | 3 | $ 585,000 | $ 195,000 | $ 60,000 |
| Lake, Indiana | 3 | $ 535,000 | $ 178,333 | $ 65,000 |
| Sullivan, New York | 3 | $ 285,000 | $ 95,000 | $ 105,000 |
| Northampton, Pennsylvania | 3 | $ 375,000 | $ 125,000 | $ 56,000 |
| Pike, Pennsylvania | 3 | $ 555,000 | $ 185,000 | $ 90,000 |
| New Haven, Connecticut | 2 | $ 670,000 | $ 335,000 | $ 97,000 |
| Broward, Florida | 2 | $ 830,000 | $ 415,000 | $ 316,000 |
| Palm Beach, Florida | 2 | $ 860,000 | $ 430,000 | $ 109,000 |
| Pinellas, Florida | 2 | $ 440,000 | $ 220,000 | $ 57,000 |
| Iroquois, Illinois | 2 | $ 200,000 | $ 100,000 | $ 94,000 |
| Kankakee, Illinois | 2 | $ 210,000 | $ 105,000 | $ 103,000 |
| Porter, Indiana | 2 | $ 430,000 | $ 215,000 | $ 101,000 |
| Burlington, New Jersey | 2 | $ 630,000 | $ 315,000 | $ 110,000 |
| Camden, New Jersey | 2 | $ 290,000 | $ 145,000 | $ 37,000 |
| Sussex, New Jersey | 2 | $ 600,000 | $ 300,000 | $ 137,000 |
| Delaware, New York | 2 | $ 640,000 | $ 320,000 | $ 146,000 |
| New York, New York | 2 | $ 790,000 | $ 395,000 | $ 1,317,000 |
| York, Pennsylvania | 2 | $ 1,040,000 | $ 520,000 | $ 111,000 |
| Litchfield, Connecticut | 1 | $ 435,000 | $ 435,000 | $ 112,000 |
| Bay, Florida | 1 | $ 245,000 | $ 245,000 | $ 70,000 |
| Charlotte, Florida | 1 | $ 295,000 | $ 295,000 | $ 125,000 |
| Collier, Florida | 1 | $ 205,000 | $ 205,000 | $ 20,000 |
| Flagler, Florida | 1 | $ 285,000 | $ 285,000 | $ 65,000 |
| Hernando, Florida | 1 | $ 225,000 | $ 225,000 | $ 100,000 |
| Hillsborough, Florida | 1 | $ 175,000 | $ 175,000 | $ 78,000 |
| Indian River, Florida | 1 | $ 205,000 | $ 205,000 | $ 92,000 |
| Miami-Dade, Florida | 1 | $ 225,000 | $ 225,000 | $ 50,000 |
| Orange, Florida | 1 | $ 45,000 | $ 45,000 | $ 48,000 |
| Walton, Florida | 1 | $ 235,000 | $ 235,000 | $ 149,000 |
| Kendall, Illinois | 1 | $ 95,000 | $ 95,000 | $ 142,000 |
| LaPorte, Indiana | 1 | $ 375,000 | $ 375,000 | $ 115,000 |
| Atlantic, New Jersey | 1 | $ 315,000 | $ 315,000 | $ 174,000 |
| Warren, New Jersey | 1 | $ 445,000 | $ 445,000 | $ 257,000 |
| Bronx, New York | 1 | $ 75,000 | $ 75,000 | $ 144,000 |
| Broome, New York | 1 | $ 175,000 | $ 175,000 | $ 207,000 |
| Dutchess, New York | 1 | $ 55,000 | $ 55,000 | $ 43,000 |
| Rockland, New York | 1 | $ 55,000 | $ 55,000 | $ 86,000 |
| Westchester, New York | 1 | $ 465,000 | $ 465,000 | $ 97,000 |
| Carbon, Pennsylvania | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Delaware, Pennsylvania | 1 | $ 135,000 | $ 135,000 | $ 123,000 |
| Lackawanna, Pennsylvania | 1 | $ 255,000 | $ 255,000 | $ 70,000 |
| Montgomery, Pennsylvania | 1 | $ 75,000 | $ 75,000 | $ 174,000 |
| Wayne, Pennsylvania | 1 | $ 155,000 | $ 155,000 | $ 141,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2023
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 | 335 | $97,165,000 | $290,000 | $2,605,000 | $123,000 | $2,633,000 |
| Cash-out Refinancing | 191 | $52,655,000 | $275,000 | $2,505,000 | $181,000 | $7,269,000 |
| Home Improvement | 115 | $17,205,000 | $149,000 | $505,000 | $104,000 | $515,000 |
| Refinancing | 37 | $8,185,000 | $221,000 | $625,000 | $277,000 | $6,231,000 |
| Other Purpose | 31 | $4,215,000 | $135,000 | $305,000 | $158,000 | $2,353,000 |
| 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 | 648 | $143,710,000 | $221,000 | $1,605,000 | $133,000 | $7,269,000 |
| Not applicable | 28 | $28,240,000 | $1,008,000 | $2,605,000 | $0 | $0 |
| Hispanic | 16 | $3,580,000 | $223,000 | $545,000 | $94,000 | $178,000 |
| Not Provided | 10 | $2,350,000 | $235,000 | $605,000 | $888,000 | $4,449,000 |
| American Indian or Alaskan Native | 1 | $215,000 | $215,000 | $215,000 | $48,000 | $48,000 |
| Asian | 1 | $95,000 | $95,000 | $95,000 | $164,000 | $164,000 |
| Black or African American | 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) | 709 | $179,425,000 | $253,000 | $2,605,000 | $145,000 | $7,269,000 |
| 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 | 421 | $101,855,000 | $241,000 | $2,205,000 | $116,000 | $1,305,000 |
| Application Denied By Financial Institution | 131 | $32,165,000 | $245,000 | $2,605,000 | $101,000 | $2,353,000 |
| Application Withdrawn By Applicant | 112 | $34,600,000 | $308,000 | $2,505,000 | $279,000 | $7,269,000 |
| File Closed For Incompleteness | 36 | $9,630,000 | $267,000 | $1,755,000 | $242,000 | $4,449,000 |
| Application Approved But Not Accepted | 9 | $1,175,000 | $130,000 | $255,000 | $95,000 | $204,000 |
| 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 | 578 | $147,260,000 | $254,000 | $2,505,000 | $155,000 | $7,269,000 |
| Debt-To-Income Ratio | 73 | $17,155,000 | $235,000 | $1,205,000 | $68,000 | $282,000 |
| Other | 20 | $8,730,000 | $436,000 | $2,605,000 | $76,000 | $189,000 |
| Credit History | 19 | $3,435,000 | $180,000 | $515,000 | $203,000 | $2,353,000 |
| Collateral | 10 | $1,200,000 | $120,000 | $395,000 | $135,000 | $426,000 |
| Unverifiable Information | 4 | $780,000 | $195,000 | $205,000 | $91,000 | $133,000 |
| Credit Application Incomplete | 3 | $305,000 | $101,000 | $155,000 | $244,000 | $473,000 |
| Employment History | 1 | $115,000 | $115,000 | $115,000 | $31,000 | $31,000 |
| Mortgage Insurance Denied | 1 | $445,000 | $445,000 | $445,000 | $257,000 | $257,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2023 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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