Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2023
In 2023, Polish & Slavic Federal Credit of Brooklyn, NY reported 709 mortgage applications totaling $179.4 million, down 58% from 2022. The average application was for $253,067, and applicants reported an average income of $145,110. 59% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Chicago-Naperville, IL (316), New York-Jersey City-White Plains, NY-NJ (133) and Newark, NJ-PA (37) (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 | 709 |
| Total Mortgage Loan Application Amount | $179,425,000 |
| Average Mortgage Loan Application Amount | $253,067 |
| Highest Mortgage Loan Application Amount | $2,605,000 |
| Average Applicant Income | $145,110 |
| Highest Applicant Income | $7,269,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 316 | $ 64,800,000 | $ 205,063 | $ 109,000 |
| New York-Jersey City-White Plains, NY-NJ | 133 | $ 52,945,000 | $ 398,082 | $ 295,368 |
| Newark, NJ-PA | 37 | $ 11,405,000 | $ 308,243 | $ 184,648 |
| Nassau County-Suffolk County, NY | 35 | $ 10,055,000 | $ 287,285 | $ 118,000 |
| New York-Newark, NY | 31 | $ 5,805,000 | $ 187,258 | $ 101,129 |
| East Stroudsburg, PA | 20 | $ 3,320,000 | $ 166,000 | $ 157,000 |
| Elgin, IL | 14 | $ 2,710,000 | $ 193,571 | $ 103,000 |
| Lake County-Kenosha County, IL-WI | 14 | $ 3,010,000 | $ 215,000 | $ 73,000 |
| Montgomery County-Bucks County-Chester County, PA | 11 | $ 2,345,000 | $ 213,181 | $ 88,000 |
| Trenton, NJ | 11 | $ 2,165,000 | $ 196,818 | $ 81,000 |
| Outside any metro area | 9 | $ 1,715,000 | $ 190,555 | $ 116,777 |
| Tampa-St. Petersburg-Clearwater, FL | 9 | $ 2,135,000 | $ 237,222 | $ 61,000 |
| North Port-Sarasota-Bradenton, FL | 8 | $ 2,680,000 | $ 335,000 | $ 117,000 |
| Bridgeport-Stamford-Norwalk, CT | 7 | $ 1,985,000 | $ 283,571 | $ 217,000 |
| Hartford-West Hartford-East Hartford, CT | 7 | $ 1,605,000 | $ 229,285 | $ 97,000 |
| Philadelphia, PA | 6 | $ 680,000 | $ 113,333 | $ 67,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 5 | $ 1,075,000 | $ 215,000 | $ 96,200 |
| Gary, IN | 5 | $ 965,000 | $ 193,000 | $ 79,000 |
| Jacksonville, FL | 5 | $ 635,000 | $ 127,000 | $ 129,000 |
| Camden, NJ | 4 | $ 920,000 | $ 230,000 | $ 73,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 830,000 | $ 415,000 | $ 316,000 |
| Kankakee, IL | 2 | $ 210,000 | $ 105,000 | $ 103,000 |
| New Haven-Milford, CT | 2 | $ 670,000 | $ 335,000 | $ 97,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 860,000 | $ 430,000 | $ 109,000 |
| York-Hanover, PA | 2 | $ 1,040,000 | $ 520,000 | $ 111,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 315,000 | $ 315,000 | $ 174,000 |
| Binghamton, NY | 1 | $ 175,000 | $ 175,000 | $ 207,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 235,000 | $ 235,000 | $ 149,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 285,000 | $ 285,000 | $ 65,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 225,000 | $ 225,000 | $ 50,000 |
| Michigan City-La Porte, IN | 1 | $ 375,000 | $ 375,000 | $ 115,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 205,000 | $ 205,000 | $ 20,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 45,000 | $ 45,000 | $ 48,000 |
| Panama City, FL | 1 | $ 245,000 | $ 245,000 | $ 70,000 |
| Punta Gorda, FL | 1 | $ 295,000 | $ 295,000 | $ 125,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 255,000 | $ 255,000 | $ 70,000 |
| Sebastian-Vero Beach, FL | 1 | $ 205,000 | $ 205,000 | $ 92,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2023
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 | 335 | $97,165,000 | $290,000 | $2,605,000 | $123,000 | $2,633,000 |
| Cash-out Refinancing | 191 | $52,655,000 | $275,000 | $2,505,000 | $181,000 | $7,269,000 |
| Home Improvement | 115 | $17,205,000 | $149,000 | $505,000 | $104,000 | $515,000 |
| Refinancing | 37 | $8,185,000 | $221,000 | $625,000 | $277,000 | $6,231,000 |
| Other Purpose | 31 | $4,215,000 | $135,000 | $305,000 | $158,000 | $2,353,000 |
| 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 | 648 | $143,710,000 | $221,000 | $1,605,000 | $133,000 | $7,269,000 |
| Not applicable | 28 | $28,240,000 | $1,008,000 | $2,605,000 | $0 | $0 |
| Hispanic | 16 | $3,580,000 | $223,000 | $545,000 | $94,000 | $178,000 |
| Not Provided | 10 | $2,350,000 | $235,000 | $605,000 | $888,000 | $4,449,000 |
| American Indian or Alaskan Native | 1 | $215,000 | $215,000 | $215,000 | $48,000 | $48,000 |
| Asian | 1 | $95,000 | $95,000 | $95,000 | $164,000 | $164,000 |
| Black or African American | 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) | 709 | $179,425,000 | $253,000 | $2,605,000 | $145,000 | $7,269,000 |
| 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 | 421 | $101,855,000 | $241,000 | $2,205,000 | $116,000 | $1,305,000 |
| Application Denied By Financial Institution | 131 | $32,165,000 | $245,000 | $2,605,000 | $101,000 | $2,353,000 |
| Application Withdrawn By Applicant | 112 | $34,600,000 | $308,000 | $2,505,000 | $279,000 | $7,269,000 |
| File Closed For Incompleteness | 36 | $9,630,000 | $267,000 | $1,755,000 | $242,000 | $4,449,000 |
| Application Approved But Not Accepted | 9 | $1,175,000 | $130,000 | $255,000 | $95,000 | $204,000 |
| 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 | 578 | $147,260,000 | $254,000 | $2,505,000 | $155,000 | $7,269,000 |
| Debt-To-Income Ratio | 73 | $17,155,000 | $235,000 | $1,205,000 | $68,000 | $282,000 |
| Other | 20 | $8,730,000 | $436,000 | $2,605,000 | $76,000 | $189,000 |
| Credit History | 19 | $3,435,000 | $180,000 | $515,000 | $203,000 | $2,353,000 |
| Collateral | 10 | $1,200,000 | $120,000 | $395,000 | $135,000 | $426,000 |
| Unverifiable Information | 4 | $780,000 | $195,000 | $205,000 | $91,000 | $133,000 |
| Credit Application Incomplete | 3 | $305,000 | $101,000 | $155,000 | $244,000 | $473,000 |
| Employment History | 1 | $115,000 | $115,000 | $115,000 | $31,000 | $31,000 |
| Mortgage Insurance Denied | 1 | $445,000 | $445,000 | $445,000 | $257,000 | $257,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2023 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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