Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2003
In 2003, Polish & Slavic Federal Credit of Brooklyn, NY reported 1,407 mortgage applications totaling $277.0 million. The average application was for $196,896, and applicants reported an average income of $90,749. 85% of its applications resulted in an originated loan and 1% were denied. Its largest markets were New York, NY (531), Bergen-Passaic, NJ (324) and Newark, NJ (200) (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 | 1,407 |
| Total Mortgage Loan Application Amount | $277,034,000 |
| Average Mortgage Loan Application Amount | $196,896 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $90,749 |
| Highest Applicant Income | $738,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York, NY | 531 | $ 120,388,000 | $ 226,719 | $ 87,000 |
| Bergen-Passaic, NJ | 324 | $ 60,072,000 | $ 185,407 | $ 76,000 |
| Newark, NJ | 200 | $ 34,800,000 | $ 174,000 | $ 94,000 |
| Nassau-Suffolk, NY | 106 | $ 21,370,000 | $ 201,603 | $ 101,000 |
| Middlesex-Somerset-Hunterdon, NJ | 93 | $ 14,874,000 | $ 159,935 | $ 85,000 |
| Jersey City, NJ | 75 | $ 14,507,000 | $ 193,426 | $ 45,000 |
| Monmouth-Ocean, NJ | 27 | $ 4,735,000 | $ 175,370 | $ 128,000 |
| Newburgh, NY-PA | 14 | $ 2,042,000 | $ 145,857 | $ 64,000 |
| Trenton, NJ | 8 | $ 1,148,000 | $ 143,500 | $ 62,000 |
| Albany-Schenectady-Troy, NY | 3 | $ 231,000 | $ 77,000 | $ 27,000 |
| Dutchess County, NY | 3 | $ 625,000 | $ 208,333 | $ 84,000 |
| Binghamton, NY | 2 | $ 155,000 | $ 77,500 | $ 18,000 |
| Glens Falls, NY | 2 | $ 153,000 | $ 76,500 | $ 170,000 |
| Rochester, NY | 2 | $ 166,000 | $ 83,000 | $ 61,000 |
| Vineland-Millville-Bridgeton, NJ | 1 | $ 115,000 | $ 115,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 1,037 | $194,196,000 | $188,000 | $1,000,000 | $99,000 | $738,000 |
| Home Purchase (one-to-four family) | 258 | $58,229,000 | $230,500 | $585,000 | $98,000 | $336,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 110 | $24,329,000 | $200,000 | $780,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 2 | $280,000 | $140,000 | $200,000 | $154,000 | $213,000 |
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 | 1,403 | $275,795,000 | $196,500 | $1,000,000 | $83,500 | $738,000 |
| Asian or Pacific Islander | 3 | $1,053,000 | $351,000 | $358,000 | $150,000 | $153,000 |
| Hispanic | 1 | $186,000 | $186,000 | $186,000 | $90,000 | $90,000 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Black | 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) | 1,406 | $276,899,000 | $197,000 | $1,000,000 | $84,500 | $738,000 |
| VA-guaranteed (Veterans Administration) | 1 | $135,000 | $135,000 | $135,000 | $131,000 | $131,000 |
| 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 |
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 | 1,198 | $233,896,000 | $196,500 | $1,000,000 | $83,500 | $738,000 |
| Application Withdrawn By Applicant | 125 | $25,388,000 | $203,000 | $432,000 | $91,500 | $314,000 |
| Application Approved But Not Accepted | 61 | $12,294,000 | $189,500 | $413,000 | $97,000 | $720,000 |
| Application Denied By Financial Institution | 16 | $4,078,000 | $245,000 | $562,000 | $60,500 | $116,000 |
| File Closed For Incompleteness | 7 | $1,378,000 | $281,500 | $400,000 | $34,000 | $144,000 |
| Loan Purchased By The 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2003 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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