Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2016
In 2016, Polish & Slavic Federal Credit of Brooklyn, NY reported 949 mortgage applications totaling $233.1 million, down 4% from 2015. The average application was for $245,582, and applicants reported an average income of $68,320. 62% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (440), New York-Jersey City-White Plains, NY-NJ (296) and Newark, NJ-PA (53) (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 | 949 |
| Total Mortgage Loan Application Amount | $233,058,000 |
| Average Mortgage Loan Application Amount | $245,582 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $68,320 |
| Highest Applicant Income | $1,216,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Polish & Slavic Federal Credit in 2016
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 | 534 | $115,449,000 | $216,000 | $2,000,000 | $70,000 | $1,216,000 |
| Refinancing | 346 | $99,647,000 | $287,000 | $2,500,000 | $63,000 | $549,000 |
| Home Improvement | 69 | $17,962,000 | $260,000 | $1,200,000 | $82,000 | $288,000 |
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 | 907 | $207,103,000 | $228,000 | $2,500,000 | $69,000 | $580,000 |
| Not applicable | 31 | $23,499,000 | $758,000 | $1,800,000 | $0 | $0 |
| Hispanic | 8 | $2,066,000 | $258,000 | $552,000 | $236,000 | $1,216,000 |
| Asian | 2 | $115,000 | $57,000 | $58,000 | $92,000 | $99,000 |
| Not Provided | 1 | $275,000 | $275,000 | $275,000 | $133,000 | $133,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin 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) | 949 | $233,058,000 | $245,000 | $2,500,000 | $69,000 | $1,216,000 |
| 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 | 593 | $135,417,000 | $228,000 | $1,800,000 | $66,000 | $580,000 |
| Application Denied By Financial Institution | 144 | $36,870,000 | $256,000 | $2,000,000 | $69,000 | $1,216,000 |
| Application Withdrawn By Applicant | 134 | $39,011,000 | $291,000 | $2,300,000 | $69,000 | $549,000 |
| File Closed For Incompleteness | 50 | $15,168,000 | $303,000 | $2,500,000 | $87,000 | $318,000 |
| Application Approved But Not Accepted | 28 | $6,592,000 | $235,000 | $600,000 | $78,000 | $254,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 57 | $16,928,000 | $296,000 | $2,000,000 | $59,000 | $346,000 |
| Collateral | 24 | $4,876,000 | $203,000 | $900,000 | $123,000 | $1,216,000 |
| Credit History | 20 | $4,709,000 | $235,000 | $525,000 | $63,000 | $150,000 |
| Other | 13 | $2,539,000 | $195,000 | $400,000 | $49,000 | $162,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $2,138,000 | $267,000 | $750,000 | $56,000 | $102,000 |
| Employment History | 3 | $924,000 | $308,000 | $600,000 | $28,000 | $62,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2016 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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