Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2021
In 2021, Polish & Slavic Federal Credit of Brooklyn, NY reported 1,267 mortgage applications totaling $353.1 million, down 10% from 2020. The average application was for $278,654, and applicants reported an average income of $94,898. 68% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Chicago-Naperville, IL (572), New York-Jersey City-White Plains, NY-NJ (259) and Newark, NJ-PA (60) (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 | 1,267 |
| Total Mortgage Loan Application Amount | $353,055,000 |
| Average Mortgage Loan Application Amount | $278,654 |
| Highest Mortgage Loan Application Amount | $13,505,000 |
| Average Applicant Income | $94,898 |
| Highest Applicant Income | $5,720,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 572 | $ 113,520,000 | $ 198,461 | $ 75,000 |
| New York-Jersey City-White Plains, NY-NJ | 259 | $ 137,935,000 | $ 532,567 | $ 141,725 |
| Newark, NJ-PA | 60 | $ 16,730,000 | $ 278,833 | $ 98,683 |
| East Stroudsburg, PA | 52 | $ 8,850,000 | $ 170,192 | $ 89,000 |
| New York-Newark, NY | 48 | $ 11,580,000 | $ 241,250 | $ 102,750 |
| Nassau County-Suffolk County, NY | 43 | $ 14,625,000 | $ 340,116 | $ 134,000 |
| Lake County-Kenosha County, IL-WI | 31 | $ 5,345,000 | $ 172,419 | $ 63,000 |
| Bridgeport-Stamford-Norwalk, CT | 28 | $ 9,070,000 | $ 323,928 | $ 126,000 |
| Trenton, NJ | 26 | $ 4,470,000 | $ 171,923 | $ 68,000 |
| Montgomery County-Bucks County-Chester County, PA | 21 | $ 5,595,000 | $ 266,428 | $ 95,000 |
| Elgin, IL | 18 | $ 4,600,000 | $ 255,555 | $ 76,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 15 | $ 2,545,000 | $ 169,666 | $ 74,800 |
| North Port-Sarasota-Bradenton, FL | 14 | $ 2,730,000 | $ 195,000 | $ 121,000 |
| Outside any metro area | 11 | $ 1,605,000 | $ 145,909 | $ 114,181 |
| Naples-Immokalee-Marco Island, FL | 9 | $ 3,435,000 | $ 381,666 | $ 104,000 |
| Tampa-St. Petersburg-Clearwater, FL | 9 | $ 1,995,000 | $ 221,666 | $ 94,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 6 | $ 820,000 | $ 136,666 | $ 68,000 |
| Camden, NJ | 5 | $ 825,000 | $ 165,000 | $ 85,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 445,000 | $ 89,000 | $ 73,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 4 | $ 710,000 | $ 177,500 | $ 38,000 |
| Hartford-West Hartford-East Hartford, CT | 4 | $ 810,000 | $ 202,500 | $ 110,000 |
| Philadelphia, PA | 4 | $ 650,000 | $ 162,500 | $ 67,000 |
| Kingston, NY | 3 | $ 765,000 | $ 255,000 | $ 91,000 |
| Albany-Schenectady-Troy, NY | 2 | $ 340,000 | $ 170,000 | $ 79,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 370,000 | $ 185,000 | $ 93,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 180,000 | $ 90,000 | $ 56,000 |
| Panama City, FL | 2 | $ 570,000 | $ 285,000 | $ 90,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 2 | $ 160,000 | $ 80,000 | $ 51,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 125,000 | $ 125,000 | $ 34,000 |
| Binghamton, NY | 1 | $ 75,000 | $ 75,000 | $ 105,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 185,000 | $ 185,000 | $ 63,000 |
| Harrisburg-Carlisle, PA | 1 | $ 305,000 | $ 305,000 | $ 151,000 |
| Jacksonville, FL | 1 | $ 125,000 | $ 125,000 | $ 59,000 |
| Kankakee, IL | 1 | $ 185,000 | $ 185,000 | $ 51,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 185,000 | $ 185,000 | $ 56,000 |
| New Haven-Milford, CT | 1 | $ 225,000 | $ 225,000 | $ 70,000 |
| Rochester, NY | 1 | $ 265,000 | $ 265,000 | $ 128,000 |
| Worcester, MA-CT | 1 | $ 105,000 | $ 105,000 | $ 115,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2021
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 | 552 | $149,970,000 | $271,000 | $1,465,000 | $102,000 | $5,720,000 |
| Refinancing | 351 | $72,395,000 | $206,000 | $2,905,000 | $79,000 | $508,000 |
| Cash-out Refinancing | 249 | $101,725,000 | $408,000 | $13,505,000 | $103,000 | $1,370,000 |
| Other Purpose | 92 | $23,160,000 | $251,000 | $725,000 | $94,000 | $250,000 |
| Home Improvement | 23 | $5,805,000 | $252,000 | $575,000 | $83,000 | $326,000 |
| 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 | 1,159 | $281,455,000 | $242,000 | $1,445,000 | $94,000 | $5,720,000 |
| Not applicable | 60 | $54,750,000 | $912,000 | $13,505,000 | $0 | $0 |
| Hispanic | 28 | $10,250,000 | $366,000 | $785,000 | $78,000 | $147,000 |
| Not Provided | 17 | $4,965,000 | $292,000 | $535,000 | $146,000 | $308,000 |
| Asian | 1 | $215,000 | $215,000 | $215,000 | $49,000 | $49,000 |
| Black or African American | 1 | $915,000 | $915,000 | $915,000 | $179,000 | $179,000 |
| 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) | 1,267 | $353,055,000 | $278,000 | $13,505,000 | $94,000 | $5,720,000 |
| 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 | 863 | $225,715,000 | $261,000 | $1,505,000 | $91,000 | $1,370,000 |
| Application Withdrawn By Applicant | 177 | $50,575,000 | $285,000 | $1,505,000 | $130,000 | $5,720,000 |
| Application Denied By Financial Institution | 144 | $37,010,000 | $257,000 | $1,445,000 | $73,000 | $237,000 |
| File Closed For Incompleteness | 51 | $32,245,000 | $632,000 | $13,505,000 | $94,000 | $285,000 |
| Application Approved But Not Accepted | 32 | $7,510,000 | $234,000 | $735,000 | $92,000 | $308,000 |
| 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 | 1,123 | $316,045,000 | $281,000 | $13,505,000 | $97,000 | $5,720,000 |
| Debt-To-Income Ratio | 78 | $21,690,000 | $278,000 | $1,445,000 | $66,000 | $232,000 |
| Credit History | 24 | $5,880,000 | $245,000 | $545,000 | $92,000 | $203,000 |
| Other | 17 | $4,545,000 | $267,000 | $605,000 | $84,000 | $237,000 |
| Collateral | 14 | $2,240,000 | $160,000 | $465,000 | $72,000 | $130,000 |
| Employment History | 8 | $1,640,000 | $205,000 | $345,000 | $61,000 | $131,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $105,000 | $105,000 | $105,000 | $38,000 | $38,000 |
| Mortgage Insurance Denied | 1 | $235,000 | $235,000 | $235,000 | $103,000 | $103,000 |
| Unverifiable Information | 1 | $675,000 | $675,000 | $675,000 | $64,000 | $64,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2021 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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