Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2014
In 2014, Polish & Slavic Federal Credit of Brooklyn, NY reported 817 mortgage applications totaling $202.5 million, down 36% from 2013. The average application was for $247,858, and applicants reported an average income of $67,057. 66% of its applications resulted in an originated loan and 10% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (378), Chicago-Naperville-Arlington Heights, IL (260) and Newark, NJ-PA (50) (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 | 817 |
| Total Mortgage Loan Application Amount | $202,500,000 |
| Average Mortgage Loan Application Amount | $247,858 |
| Highest Mortgage Loan Application Amount | $1,760,000 |
| Average Applicant Income | $67,057 |
| Highest Applicant Income | $600,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Jersey City-White Plains, NY-NJ | 378 | $ 139,149,000 | $ 368,119 | $ 71,227 |
| Chicago-Naperville-Arlington Heights, IL | 260 | $ 33,135,000 | $ 127,442 | $ 55,000 |
| Newark, NJ-PA | 50 | $ 9,680,000 | $ 193,600 | $ 81,000 |
| Nassau County-Suffolk County, NY | 34 | $ 7,929,000 | $ 233,205 | $ 103,000 |
| Trenton, NJ | 18 | $ 2,352,000 | $ 130,666 | $ 59,000 |
| East Stroudsburg, PA | 15 | $ 1,022,000 | $ 68,133 | $ 60,000 |
| Montgomery County-Bucks County-Chester County, PA | 12 | $ 1,786,000 | $ 148,833 | $ 55,000 |
| Philadelphia, PA | 7 | $ 590,000 | $ 84,285 | $ 27,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 6 | $ 828,000 | $ 138,000 | $ 71,000 |
| Lake County-Kenosha County, IL-WI | 6 | $ 1,145,000 | $ 190,833 | $ 59,000 |
| Dutchess County-Putnam County, NY | 4 | $ 327,000 | $ 81,750 | $ 41,000 |
| Albany-Schenectady-Troy, NY | 3 | $ 265,000 | $ 88,333 | $ 66,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 3 | $ 273,000 | $ 91,000 | $ 44,333 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 181,000 | $ 60,333 | $ 34,000 |
| Camden, NJ | 2 | $ 413,000 | $ 206,500 | $ 68,000 |
| Elgin, IL | 2 | $ 368,000 | $ 184,000 | $ 114,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 740,000 | $ 370,000 | $ 169,000 |
| Jacksonville, FL | 1 | $ 55,000 | $ 55,000 | $ 33,000 |
| Lakeland-Winter Haven, FL | 1 | $ 92,000 | $ 92,000 | $ 69,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 255,000 | $ 255,000 | $ 214,000 |
| Ocean City, NJ | 1 | $ 215,000 | $ 215,000 | $ 120,000 |
| Port St. Lucie, FL | 1 | $ 598,000 | $ 598,000 | $ 177,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 141,000 | $ 141,000 | $ 32,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 84,000 | $ 84,000 | $ 79,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2014
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 | 515 | $104,412,000 | $202,000 | $1,760,000 | $66,000 | $397,000 |
| Refinancing | 260 | $86,457,000 | $332,000 | $1,700,000 | $69,000 | $600,000 |
| Home Improvement | 42 | $11,631,000 | $276,000 | $780,000 | $68,000 | $417,000 |
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 | 746 | $167,855,000 | $225,000 | $1,760,000 | $70,000 | $600,000 |
| Not applicable | 45 | $25,337,000 | $563,000 | $1,700,000 | $0 | $0 |
| Asian | 13 | $4,976,000 | $382,000 | $1,300,000 | $85,000 | $144,000 |
| Hispanic | 8 | $2,802,000 | $350,000 | $780,000 | $85,000 | $142,000 |
| Not Provided | 3 | $642,000 | $214,000 | $332,000 | $91,000 | $136,000 |
| Black or African American | 2 | $888,000 | $444,000 | $796,000 | $34,000 | $69,000 |
| 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) | 817 | $202,500,000 | $247,000 | $1,760,000 | $67,000 | $600,000 |
| 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 | 536 | $130,247,000 | $242,000 | $1,760,000 | $65,000 | $417,000 |
| Application Withdrawn By Applicant | 135 | $36,622,000 | $271,000 | $1,600,000 | $72,000 | $600,000 |
| Application Denied By Financial Institution | 82 | $16,120,000 | $196,000 | $645,000 | $59,000 | $272,000 |
| File Closed For Incompleteness | 46 | $13,535,000 | $294,000 | $780,000 | $88,000 | $244,000 |
| Application Approved But Not Accepted | 18 | $5,976,000 | $332,000 | $1,575,000 | $67,000 | $282,000 |
| 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 | 20 | $4,532,000 | $226,000 | $645,000 | $43,000 | $115,000 |
| Collateral | 8 | $1,851,000 | $231,000 | $534,000 | $80,000 | $272,000 |
| Credit History | 6 | $1,564,000 | $260,000 | $642,000 | $51,000 | $94,000 |
| Other | 4 | $517,000 | $129,000 | $192,000 | $21,000 | $52,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2014 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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