Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2020
In 2020, Polish & Slavic Federal Credit of Brooklyn, NY reported 1,408 mortgage applications totaling $362.7 million, up 45% from 2019. The average application was for $257,563, and applicants reported an average income of $95,389. 62% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Chicago-Naperville, IL (691), New York-Jersey City-White Plains, NY-NJ (295) and Newark, NJ-PA (69) (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 | 1,408 |
| Total Mortgage Loan Application Amount | $362,650,000 |
| Average Mortgage Loan Application Amount | $257,563 |
| Highest Mortgage Loan Application Amount | $2,605,000 |
| Average Applicant Income | $95,389 |
| Highest Applicant Income | $7,991,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 691 | $ 126,395,000 | $ 182,916 | $ 71,000 |
| New York-Jersey City-White Plains, NY-NJ | 295 | $ 147,775,000 | $ 500,932 | $ 156,491 |
| Newark, NJ-PA | 69 | $ 16,965,000 | $ 245,869 | $ 98,695 |
| East Stroudsburg, PA | 62 | $ 8,330,000 | $ 134,354 | $ 103,000 |
| New York-Newark, NY | 53 | $ 12,185,000 | $ 229,905 | $ 112,301 |
| Nassau County-Suffolk County, NY | 40 | $ 12,510,000 | $ 312,750 | $ 130,000 |
| Trenton, NJ | 29 | $ 4,265,000 | $ 147,068 | $ 70,000 |
| Bridgeport-Stamford-Norwalk, CT | 27 | $ 6,905,000 | $ 255,740 | $ 118,000 |
| Lake County-Kenosha County, IL-WI | 25 | $ 5,035,000 | $ 201,400 | $ 70,000 |
| North Port-Sarasota-Bradenton, FL | 20 | $ 3,890,000 | $ 194,500 | $ 121,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 15 | $ 2,605,000 | $ 173,666 | $ 90,733 |
| Tampa-St. Petersburg-Clearwater, FL | 12 | $ 1,920,000 | $ 160,000 | $ 85,000 |
| Montgomery County-Bucks County-Chester County, PA | 10 | $ 2,850,000 | $ 285,000 | $ 109,000 |
| Elgin, IL | 9 | $ 2,175,000 | $ 241,666 | $ 96,000 |
| Outside any metro area | 9 | $ 1,325,000 | $ 147,222 | $ 101,333 |
| Camden, NJ | 7 | $ 1,165,000 | $ 166,428 | $ 153,000 |
| Philadelphia, PA | 6 | $ 1,150,000 | $ 191,666 | $ 49,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 5 | $ 705,000 | $ 141,000 | $ 251,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 1,360,000 | $ 340,000 | $ 92,000 |
| Naples-Immokalee-Marco Island, FL | 4 | $ 680,000 | $ 170,000 | $ 44,000 |
| Atlantic City-Hammonton, NJ | 2 | $ 230,000 | $ 115,000 | $ 73,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 370,000 | $ 185,000 | $ 22,000 |
| Rockford, IL | 2 | $ 180,000 | $ 90,000 | $ 29,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 135,000 | $ 135,000 | $ 143,000 |
| Binghamton, NY | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 175,000 | $ 175,000 | $ 229,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 55,000 | $ 55,000 | $ 87,000 |
| Glens Falls, NY | 1 | $ 165,000 | $ 165,000 | $ 130,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 115,000 | $ 115,000 | $ 21,000 |
| Kingston, NY | 1 | $ 125,000 | $ 125,000 | $ 126,000 |
| Peoria, IL | 1 | $ 285,000 | $ 285,000 | $ 92,000 |
| Punta Gorda, FL | 1 | $ 95,000 | $ 95,000 | $ 32,000 |
| Utica-Rome, NY | 1 | $ 365,000 | $ 365,000 | $ 49,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2020
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 | 613 | $126,965,000 | $207,000 | $2,495,000 | $98,000 | $7,991,000 |
| Home Purchase | 514 | $127,790,000 | $248,000 | $2,245,000 | $87,000 | $1,108,000 |
| Cash-out Refinancing | 271 | $104,495,000 | $385,000 | $2,605,000 | $106,000 | $857,000 |
| Home Improvement | 10 | $3,400,000 | $340,000 | $855,000 | $79,000 | $144,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 1,289 | $290,685,000 | $225,000 | $2,245,000 | $88,000 | $1,108,000 |
| Not applicable | 54 | $52,840,000 | $978,000 | $2,605,000 | $0 | $0 |
| Not Provided | 40 | $11,960,000 | $299,000 | $1,235,000 | $335,000 | $7,991,000 |
| Hispanic | 14 | $6,010,000 | $429,000 | $805,000 | $91,000 | $153,000 |
| Asian | 9 | $925,000 | $102,000 | $255,000 | $99,000 | $105,000 |
| Black or African American | 1 | $75,000 | $75,000 | $75,000 | $56,000 | $56,000 |
| 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) | 1,408 | $362,650,000 | $257,000 | $2,605,000 | $95,000 | $7,991,000 |
| 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 | 870 | $217,590,000 | $250,000 | $2,605,000 | $90,000 | $954,000 |
| Application Withdrawn By Applicant | 256 | $72,720,000 | $284,000 | $2,505,000 | $97,000 | $1,108,000 |
| Application Denied By Financial Institution | 198 | $50,830,000 | $256,000 | $2,245,000 | $72,000 | $478,000 |
| File Closed For Incompleteness | 49 | $13,515,000 | $275,000 | $1,315,000 | $272,000 | $7,991,000 |
| Application Approved But Not Accepted | 35 | $7,995,000 | $228,000 | $605,000 | $112,000 | $857,000 |
| 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 | 1,210 | $311,820,000 | $257,000 | $2,605,000 | $99,000 | $7,991,000 |
| Debt-To-Income Ratio | 103 | $29,385,000 | $285,000 | $2,245,000 | $65,000 | $478,000 |
| Other | 34 | $7,580,000 | $222,000 | $765,000 | $83,000 | $303,000 |
| Collateral | 28 | $5,050,000 | $180,000 | $515,000 | $71,000 | $168,000 |
| Credit History | 22 | $6,260,000 | $284,000 | $1,125,000 | $99,000 | $284,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $1,755,000 | $250,000 | $605,000 | $41,000 | $55,000 |
| Employment History | 3 | $475,000 | $158,000 | $195,000 | $84,000 | $132,000 |
| Unverifiable Information | 1 | $325,000 | $325,000 | $325,000 | $60,000 | $60,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2020 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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