Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2005
In 2005, Polish & Slavic Federal Credit of Brooklyn, NY reported 671 mortgage applications totaling $194.7 million, down 6% from 2004. The average application was for $290,235, and applicants reported an average income of $95,506. 82% of its applications resulted in an originated loan and 2% were denied. Its largest markets were New York-Wayne-White Plains, NY-NJ (251), Newark-Union, NJ-PA (106) and Edison, NJ (64) (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 | 671 |
| Total Mortgage Loan Application Amount | $194,748,000 |
| Average Mortgage Loan Application Amount | $290,235 |
| Highest Mortgage Loan Application Amount | $926,000 |
| Average Applicant Income | $95,506 |
| Highest Applicant Income | $510,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Wayne-White Plains, NY-NJ | 251 | $ 88,208,000 | $ 351,426 | $ 97,000 |
| Newark-Union, NJ-PA | 106 | $ 28,058,000 | $ 264,698 | $ 107,000 |
| Edison, NJ | 64 | $ 13,843,000 | $ 216,296 | $ 90,000 |
| Nassau-Suffolk, NY | 51 | $ 14,430,000 | $ 282,941 | $ 105,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 11 | $ 2,283,000 | $ 207,545 | $ 77,000 |
| Trenton-Ewing, NJ | 5 | $ 553,000 | $ 110,600 | $ 61,000 |
| Camden, NJ | 2 | $ 360,000 | $ 180,000 | $ 58,000 |
| Kingston, NY | 2 | $ 495,000 | $ 247,500 | $ 174,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 133,000 | $ 133,000 | $ 58,000 |
| Atlantic City, NJ | 1 | $ 116,000 | $ 116,000 | $ 100,000 |
| Glens Falls, NY | 1 | $ 130,000 | $ 130,000 | $ 89,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2005
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 | 389 | $119,572,000 | $309,000 | $926,000 | $98,500 | $510,000 |
| Refinancing | 156 | $40,817,000 | $262,500 | $725,000 | $93,000 | $420,000 |
| Home Improvement | 126 | $34,359,000 | $271,000 | $800,000 | $89,000 | $343,000 |
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 | 667 | $193,436,000 | $290,000 | $926,000 | $95,000 | $510,000 |
| Hispanic | 3 | $963,000 | $279,500 | $500,000 | $97,000 | $204,000 |
| Asian | 1 | $349,000 | $349,000 | $349,000 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 671 | $194,748,000 | $290,500 | $926,000 | $95,000 | $510,000 |
| 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 | 550 | $160,371,000 | $291,000 | $926,000 | $103,500 | $510,000 |
| Application Withdrawn By Applicant | 78 | $22,458,000 | $290,500 | $717,000 | $77,500 | $258,000 |
| Application Approved But Not Accepted | 26 | $6,952,000 | $269,000 | $600,000 | $98,000 | $249,000 |
| Application Denied By Financial Institution | 15 | $4,527,000 | $311,500 | $900,000 | $95,500 | $192,000 |
| File Closed For Incompleteness | 2 | $440,000 | $220,000 | $250,000 | $42,000 | $84,000 |
| 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 | 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 2005 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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