Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2019
In 2019, Polish & Slavic Federal Credit of Brooklyn, NY reported 973 mortgage applications totaling $251.4 million, up 12% from 2018. The average application was for $258,350, and applicants reported an average income of $90,503. 66% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Chicago-Naperville, IL (492), New York-Jersey City-White Plains, NY-NJ (213) and New York-Newark, NY (41) (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 | 973 |
| Total Mortgage Loan Application Amount | $251,375,000 |
| Average Mortgage Loan Application Amount | $258,350 |
| Highest Mortgage Loan Application Amount | $2,205,000 |
| Average Applicant Income | $90,503 |
| Highest Applicant Income | $1,144,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chicago-Naperville, IL | 492 | $ 88,960,000 | $ 180,813 | $ 74,000 |
| New York-Jersey City-White Plains, NY-NJ | 213 | $ 106,055,000 | $ 497,910 | $ 123,901 |
| New York-Newark, NY | 41 | $ 8,325,000 | $ 203,048 | $ 98,292 |
| Newark, NJ-PA | 38 | $ 10,460,000 | $ 275,263 | $ 130,578 |
| East Stroudsburg, PA | 25 | $ 3,175,000 | $ 127,000 | $ 102,000 |
| Lake County-Kenosha County, IL-WI | 19 | $ 4,245,000 | $ 223,421 | $ 80,000 |
| Nassau County-Suffolk County, NY | 19 | $ 6,545,000 | $ 344,473 | $ 129,000 |
| Montgomery County-Bucks County-Chester County, PA | 14 | $ 3,520,000 | $ 251,428 | $ 88,000 |
| Elgin, IL | 12 | $ 2,060,000 | $ 171,666 | $ 70,000 |
| Trenton, NJ | 12 | $ 2,090,000 | $ 174,166 | $ 59,000 |
| Outside any metro area | 9 | $ 1,005,000 | $ 111,666 | $ 122,888 |
| Bridgeport-Stamford-Norwalk, CT | 8 | $ 2,230,000 | $ 278,750 | $ 116,000 |
| Camden, NJ | 8 | $ 900,000 | $ 112,500 | $ 53,000 |
| North Port-Sarasota-Bradenton, FL | 8 | $ 1,270,000 | $ 158,750 | $ 155,000 |
| Philadelphia, PA | 7 | $ 1,055,000 | $ 150,714 | $ 53,000 |
| Hartford-West Hartford-East Hartford, CT | 6 | $ 850,000 | $ 141,666 | $ 56,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 4 | $ 650,000 | $ 162,500 | $ 84,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 580,000 | $ 145,000 | $ 104,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 330,000 | $ 82,500 | $ 77,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 490,000 | $ 245,000 | $ 171,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 370,000 | $ 185,000 | $ 212,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 245,000 | $ 245,000 | $ 82,000 |
| Kingston, NY | 1 | $ 175,000 | $ 175,000 | $ 103,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 225,000 | $ 225,000 | $ 60,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 195,000 | $ 195,000 | $ 0 |
| New Haven-Milford, CT | 1 | $ 245,000 | $ 245,000 | $ 56,000 |
| Norwich-New London, CT | 1 | $ 375,000 | $ 375,000 | $ 90,000 |
| Port St. Lucie, FL | 1 | $ 145,000 | $ 145,000 | $ 34,000 |
| Syracuse, NY | 1 | $ 135,000 | $ 135,000 | $ 41,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2019
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 | 464 | $116,920,000 | $251,000 | $2,035,000 | $86,000 | $742,000 |
| Refinancing | 276 | $55,090,000 | $199,000 | $1,425,000 | $84,000 | $600,000 |
| Cash-out Refinancing | 228 | $78,210,000 | $343,000 | $2,205,000 | $108,000 | $1,144,000 |
| Home Improvement | 4 | $910,000 | $227,000 | $355,000 | $63,000 | $106,000 |
| Other Purpose | 1 | $245,000 | $245,000 | $245,000 | $96,000 | $96,000 |
| 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 | 891 | $196,375,000 | $220,000 | $1,355,000 | $89,000 | $1,144,000 |
| Not applicable | 51 | $46,525,000 | $912,000 | $2,205,000 | $0 | $0 |
| Not Provided | 21 | $5,885,000 | $280,000 | $745,000 | $163,000 | $863,000 |
| Hispanic | 8 | $2,140,000 | $267,000 | $675,000 | $73,000 | $121,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 973 | $251,375,000 | $258,000 | $2,205,000 | $90,000 | $1,144,000 |
| 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 | 642 | $165,280,000 | $257,000 | $2,205,000 | $90,000 | $1,144,000 |
| Application Withdrawn By Applicant | 188 | $48,540,000 | $258,000 | $1,355,000 | $93,000 | $742,000 |
| Application Denied By Financial Institution | 102 | $24,050,000 | $235,000 | $1,755,000 | $71,000 | $259,000 |
| File Closed For Incompleteness | 24 | $9,470,000 | $394,000 | $1,195,000 | $166,000 | $863,000 |
| Application Approved But Not Accepted | 17 | $4,035,000 | $237,000 | $795,000 | $90,000 | $364,000 |
| 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 | 871 | $227,325,000 | $260,000 | $2,205,000 | $92,000 | $1,144,000 |
| Debt-To-Income Ratio | 47 | $11,045,000 | $235,000 | $645,000 | $54,000 | $167,000 |
| Credit History | 22 | $5,260,000 | $239,000 | $555,000 | $90,000 | $259,000 |
| Collateral | 16 | $2,810,000 | $175,000 | $335,000 | $84,000 | $180,000 |
| Other | 11 | $1,965,000 | $178,000 | $355,000 | $95,000 | $177,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $2,820,000 | $705,000 | $1,755,000 | $72,000 | $113,000 |
| Unverifiable Information | 1 | $115,000 | $115,000 | $115,000 | $24,000 | $24,000 |
| Employment History | 1 | $35,000 | $35,000 | $35,000 | $42,000 | $42,000 |
| Credit Application Incomplete | 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 2019 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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