Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2022
In 2022, Polish & Slavic Federal Credit of Brooklyn, NY reported 1,692 mortgage applications totaling $436.6 million, up 34% from 2021. The average application was for $258,026, and applicants reported an average income of $100,829. 70% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Chicago-Naperville, IL (775), New York-Jersey City-White Plains, NY-NJ (351) and Newark, NJ-PA (97) (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 | 1,692 |
| Total Mortgage Loan Application Amount | $436,580,000 |
| Average Mortgage Loan Application Amount | $258,026 |
| Highest Mortgage Loan Application Amount | $4,455,000 |
| Average Applicant Income | $100,829 |
| Highest Applicant Income | $3,547,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 775 | $ 160,355,000 | $ 206,909 | $ 89,000 |
| New York-Jersey City-White Plains, NY-NJ | 351 | $ 138,905,000 | $ 395,740 | $ 124,538 |
| Newark, NJ-PA | 97 | $ 24,505,000 | $ 252,628 | $ 123,360 |
| New York-Newark, NY | 88 | $ 20,880,000 | $ 237,272 | $ 103,886 |
| Nassau County-Suffolk County, NY | 53 | $ 18,135,000 | $ 342,169 | $ 160,000 |
| East Stroudsburg, PA | 46 | $ 8,190,000 | $ 178,043 | $ 78,000 |
| Trenton, NJ | 38 | $ 6,770,000 | $ 178,157 | $ 77,000 |
| Lake County-Kenosha County, IL-WI | 34 | $ 9,030,000 | $ 265,588 | $ 85,000 |
| North Port-Sarasota-Bradenton, FL | 24 | $ 6,750,000 | $ 281,250 | $ 109,000 |
| Bridgeport-Stamford-Norwalk, CT | 23 | $ 7,455,000 | $ 324,130 | $ 119,000 |
| Elgin, IL | 20 | $ 4,520,000 | $ 226,000 | $ 114,000 |
| Tampa-St. Petersburg-Clearwater, FL | 17 | $ 2,835,000 | $ 166,764 | $ 70,000 |
| Montgomery County-Bucks County-Chester County, PA | 15 | $ 3,455,000 | $ 230,333 | $ 97,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 14 | $ 2,680,000 | $ 191,428 | $ 80,142 |
| Outside any metro area | 14 | $ 2,530,000 | $ 180,714 | $ 80,285 |
| Philadelphia, PA | 13 | $ 3,165,000 | $ 243,461 | $ 78,000 |
| Hartford-West Hartford-East Hartford, CT | 9 | $ 1,925,000 | $ 213,888 | $ 77,000 |
| Gary, IN | 7 | $ 1,335,000 | $ 190,714 | $ 75,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 1,265,000 | $ 253,000 | $ 84,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 995,000 | $ 199,000 | $ 124,000 |
| Jacksonville, FL | 5 | $ 1,535,000 | $ 307,000 | $ 169,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 5 | $ 1,415,000 | $ 283,000 | $ 182,000 |
| Camden, NJ | 4 | $ 620,000 | $ 155,000 | $ 47,000 |
| Kingston, NY | 4 | $ 980,000 | $ 245,000 | $ 98,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 555,000 | $ 185,000 | $ 77,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 3 | $ 305,000 | $ 101,666 | $ 124,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 310,000 | $ 155,000 | $ 58,000 |
| Punta Gorda, FL | 2 | $ 540,000 | $ 270,000 | $ 147,000 |
| Champaign-Urbana, IL | 1 | $ 195,000 | $ 195,000 | $ 110,000 |
| Harrisburg-Carlisle, PA | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Lebanon, PA | 1 | $ 215,000 | $ 215,000 | $ 106,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 335,000 | $ 335,000 | $ 76,000 |
| New Haven-Milford, CT | 1 | $ 225,000 | $ 225,000 | $ 82,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 275,000 | $ 275,000 | $ 153,000 |
| Pittsburgh, PA | 1 | $ 135,000 | $ 135,000 | $ 47,000 |
| Port St. Lucie, FL | 1 | $ 525,000 | $ 525,000 | $ 132,000 |
| Reading, PA | 1 | $ 155,000 | $ 155,000 | $ 73,000 |
| Sebastian-Vero Beach, FL | 1 | $ 145,000 | $ 145,000 | $ 51,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 535,000 | $ 535,000 | $ 90,000 |
| Syracuse, NY | 1 | $ 45,000 | $ 45,000 | $ 32,000 |
| Utica-Rome, NY | 1 | $ 385,000 | $ 385,000 | $ 249,000 |
| York-Hanover, PA | 1 | $ 155,000 | $ 155,000 | $ 141,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2022
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 | 799 | $234,415,000 | $293,000 | $4,455,000 | $110,000 | $1,239,000 |
| Cash-out Refinancing | 427 | $110,675,000 | $259,000 | $3,005,000 | $86,000 | $460,000 |
| Refinancing | 240 | $53,500,000 | $222,000 | $1,255,000 | $90,000 | $1,316,000 |
| Home Improvement | 184 | $31,600,000 | $171,000 | $1,055,000 | $86,000 | $359,000 |
| Other Purpose | 42 | $6,390,000 | $152,000 | $255,000 | $204,000 | $3,547,000 |
| 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 | 1,535 | $346,825,000 | $225,000 | $2,045,000 | $100,000 | $3,547,000 |
| Not applicable | 80 | $65,720,000 | $821,000 | $4,455,000 | $0 | $0 |
| Hispanic | 50 | $15,940,000 | $318,000 | $745,000 | $85,000 | $164,000 |
| Not Provided | 17 | $5,805,000 | $341,000 | $725,000 | $263,000 | $1,316,000 |
| Black or African American | 3 | $355,000 | $118,000 | $255,000 | $72,000 | $111,000 |
| Asian | 2 | $650,000 | $325,000 | $545,000 | $181,000 | $300,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,692 | $436,580,000 | $258,000 | $4,455,000 | $101,000 | $3,547,000 |
| 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 | 1,179 | $301,135,000 | $255,000 | $3,005,000 | $106,000 | $3,547,000 |
| Application Denied By Financial Institution | 250 | $56,940,000 | $227,000 | $1,165,000 | $63,000 | $276,000 |
| Application Withdrawn By Applicant | 175 | $58,645,000 | $335,000 | $4,455,000 | $109,000 | $474,000 |
| File Closed For Incompleteness | 47 | $11,285,000 | $240,000 | $1,255,000 | $165,000 | $1,316,000 |
| Application Approved But Not Accepted | 41 | $8,575,000 | $209,000 | $905,000 | $76,000 | $178,000 |
| 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 | 1,442 | $379,640,000 | $263,000 | $4,455,000 | $108,000 | $3,547,000 |
| Debt-To-Income Ratio | 147 | $32,235,000 | $219,000 | $845,000 | $58,000 | $230,000 |
| Other | 42 | $12,300,000 | $292,000 | $1,165,000 | $78,000 | $276,000 |
| Credit History | 28 | $5,380,000 | $192,000 | $415,000 | $75,000 | $144,000 |
| Collateral | 19 | $2,945,000 | $155,000 | $295,000 | $79,000 | $190,000 |
| Employment History | 7 | $1,185,000 | $169,000 | $255,000 | $12,000 | $59,000 |
| Unverifiable Information | 4 | $1,040,000 | $260,000 | $435,000 | $40,000 | $94,000 |
| Credit Application Incomplete | 1 | $1,125,000 | $1,125,000 | $1,125,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $465,000 | $465,000 | $465,000 | $138,000 | $138,000 |
| Mortgage Insurance Denied | 1 | $265,000 | $265,000 | $265,000 | $64,000 | $64,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2022 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
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