Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2024
In 2024, Polish & Slavic Federal Credit of Brooklyn, NY reported 838 mortgage applications totaling $257.3 million, up 18% from 2023. The average application was for $307,040, and applicants reported an average income of $199,363. 57% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Chicago-Naperville, IL (368), New York-Jersey City-White Plains, NY-NJ (161) and Newark, NJ-PA (39) (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 | 838 |
| Total Mortgage Loan Application Amount | $257,300,000 |
| Average Mortgage Loan Application Amount | $307,040 |
| Highest Mortgage Loan Application Amount | $7,505,000 |
| Average Applicant Income | $199,363 |
| Highest Applicant Income | $8,462,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 368 | $ 82,200,000 | $ 223,369 | $ 160,000 |
| New York-Jersey City-White Plains, NY-NJ | 161 | $ 92,115,000 | $ 572,142 | $ 193,335 |
| Outside any metro area | 41 | $ 6,985,000 | $ 170,365 | $ 160,365 |
| Newark, NJ-PA | 39 | $ 10,365,000 | $ 265,769 | $ 277,000 |
| Nassau County-Suffolk County, NY | 36 | $ 18,180,000 | $ 505,000 | $ 198,000 |
| Lakewood-New Brunswick, NJ | 35 | $ 8,965,000 | $ 256,142 | $ 559,000 |
| Lake County-Kenosha County, IL-WI | 23 | $ 4,225,000 | $ 183,695 | $ 158,000 |
| Elgin, IL | 20 | $ 3,340,000 | $ 167,000 | $ 90,000 |
| Trenton, NJ | 17 | $ 3,765,000 | $ 221,470 | $ 161,000 |
| North Port-Sarasota-Bradenton, FL | 13 | $ 3,905,000 | $ 300,384 | $ 140,000 |
| Bridgeport-Stamford-Norwalk, CT | 9 | $ 2,605,000 | $ 289,444 | $ 930,000 |
| Waterbury-Shelton, CT | 9 | $ 1,835,000 | $ 203,888 | $ 121,000 |
| Lake County-Porter County-Jasper County, IN | 7 | $ 2,375,000 | $ 339,285 | $ 96,000 |
| Montgomery County-Bucks County-Chester County, PA | 7 | $ 4,405,000 | $ 629,285 | $ 135,000 |
| Hartford-West Hartford-East Hartford, CT | 5 | $ 1,055,000 | $ 211,000 | $ 67,000 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | 5 | $ 955,000 | $ 191,000 | $ 119,000 |
| Camden, NJ | 4 | $ 740,000 | $ 185,000 | $ 1,113,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 3 | $ 365,000 | $ 121,666 | $ 43,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 905,000 | $ 301,666 | $ 84,000 |
| Naples-Immokalee-Marco Island, FL | 3 | $ 1,095,000 | $ 365,000 | $ 272,000 |
| St. Petersburg-Clearwater-Largo, FL | 3 | $ 955,000 | $ 318,333 | $ 84,000 |
| Tampa, FL | 3 | $ 405,000 | $ 135,000 | $ 75,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 3 | $ 415,000 | $ 138,333 | $ 93,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 130,000 | $ 65,000 | $ 54,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 730,000 | $ 365,000 | $ 91,000 |
| Kingston, NY | 2 | $ 510,000 | $ 255,000 | $ 173,000 |
| Punta Gorda, FL | 2 | $ 610,000 | $ 305,000 | $ 114,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 245,000 | $ 245,000 | $ 60,000 |
| Bloomington, IL | 1 | $ 145,000 | $ 145,000 | $ 95,000 |
| Jacksonville, FL | 1 | $ 155,000 | $ 155,000 | $ 144,000 |
| Lakeland-Winter Haven, FL | 1 | $ 285,000 | $ 285,000 | $ 89,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 755,000 | $ 755,000 | $ 320,000 |
| New Haven-Milford, CT | 1 | $ 405,000 | $ 405,000 | $ 139,000 |
| Philadelphia, PA | 1 | $ 145,000 | $ 145,000 | $ 249,000 |
| Port St. Lucie, FL | 1 | $ 205,000 | $ 205,000 | $ 310,000 |
| Reading, PA | 1 | $ 165,000 | $ 165,000 | $ 41,000 |
| Rockford, IL | 1 | $ 255,000 | $ 255,000 | $ 205,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 125,000 | $ 125,000 | $ 46,000 |
| Sebastian-Vero Beach, FL | 1 | $ 235,000 | $ 235,000 | $ 75,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 45,000 | $ 45,000 | $ 64,000 |
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2024
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 | 399 | $128,665,000 | $322,000 | $2,705,000 | $235,000 | $8,462,000 |
| Home Improvement | 150 | $22,640,000 | $150,000 | $805,000 | $131,000 | $3,526,000 |
| Cash-out Refinancing | 143 | $81,385,000 | $569,000 | $7,505,000 | $223,000 | $3,092,000 |
| Other Purpose | 111 | $16,025,000 | $144,000 | $755,000 | $168,000 | $6,429,000 |
| Refinancing | 35 | $8,585,000 | $245,000 | $755,000 | $89,000 | $345,000 |
| 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 | 728 | $164,550,000 | $226,000 | $1,645,000 | $184,000 | $7,473,000 |
| Not applicable | 61 | $79,845,000 | $1,308,000 | $7,505,000 | $0 | $0 |
| Hispanic | 22 | $7,040,000 | $320,000 | $745,000 | $109,000 | $210,000 |
| Not Provided | 20 | $3,860,000 | $193,000 | $795,000 | $586,000 | $8,462,000 |
| Asian | 5 | $1,525,000 | $305,000 | $515,000 | $947,000 | $4,320,000 |
| Black or African American | 2 | $480,000 | $240,000 | $425,000 | $115,000 | $135,000 |
| 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) | 838 | $257,300,000 | $307,000 | $7,505,000 | $197,000 | $8,462,000 |
| 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 | 476 | $140,340,000 | $294,000 | $2,605,000 | $121,000 | $850,000 |
| Application Withdrawn By Applicant | 152 | $56,270,000 | $370,000 | $7,505,000 | $507,000 | $8,462,000 |
| Application Denied By Financial Institution | 135 | $26,115,000 | $193,000 | $635,000 | $109,000 | $3,526,000 |
| File Closed For Incompleteness | 55 | $24,745,000 | $449,000 | $7,005,000 | $223,000 | $3,092,000 |
| Application Approved But Not Accepted | 20 | $9,830,000 | $491,000 | $1,405,000 | $129,000 | $345,000 |
| 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 | 703 | $231,185,000 | $328,000 | $7,505,000 | $215,000 | $8,462,000 |
| Debt-To-Income Ratio | 82 | $15,730,000 | $191,000 | $585,000 | $71,000 | $478,000 |
| Credit History | 25 | $3,715,000 | $148,000 | $635,000 | $219,000 | $3,526,000 |
| Other | 13 | $1,935,000 | $148,000 | $285,000 | $113,000 | $485,000 |
| Collateral | 10 | $2,570,000 | $257,000 | $465,000 | $141,000 | $208,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,590,000 | $397,000 | $555,000 | $116,000 | $116,000 |
| Unverifiable Information | 1 | $575,000 | $575,000 | $575,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2024 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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