Polish & Slavic Federal Credit Mortgage Lending & HMDA Data, 2018
In 2018, Polish & Slavic Federal Credit of Brooklyn, NY reported 868 mortgage applications totaling $239.1 million, down 13% from 2017. The average application was for $275,506, and applicants reported an average income of $80,175. 70% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (396), New York-Jersey City-White Plains, NY-NJ (263) and Newark, NJ-PA (41) (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 | 868 |
| Total Mortgage Loan Application Amount | $239,140,000 |
| Average Mortgage Loan Application Amount | $275,506 |
| Highest Mortgage Loan Application Amount | $2,505,000 |
| Average Applicant Income | $80,175 |
| Highest Applicant Income | $1,050,000 |
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records Polish & Slavic Federal Credit filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018
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 | 523 | $125,185,000 | $239,000 | $2,175,000 | $81,000 | $1,050,000 |
| Refinancing | 175 | $40,035,000 | $228,000 | $1,335,000 | $75,000 | $307,000 |
| Cash-out Refinancing | 168 | $72,710,000 | $432,000 | $2,505,000 | $83,000 | $840,000 |
| Home Improvement | 2 | $1,210,000 | $605,000 | $905,000 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 802 | $177,850,000 | $221,000 | $1,305,000 | $80,000 | $1,050,000 |
| Not applicable | 59 | $58,705,000 | $995,000 | $2,505,000 | $0 | $0 |
| Hispanic | 4 | $1,460,000 | $365,000 | $835,000 | $76,000 | $137,000 |
| Not Provided | 3 | $1,125,000 | $375,000 | $695,000 | $131,000 | $180,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 868 | $239,140,000 | $275,000 | $2,505,000 | $80,000 | $1,050,000 |
| 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 | 606 | $158,760,000 | $261,000 | $2,505,000 | $81,000 | $1,050,000 |
| Application Withdrawn By Applicant | 130 | $44,340,000 | $341,000 | $2,175,000 | $90,000 | $840,000 |
| Application Denied By Financial Institution | 95 | $23,695,000 | $249,000 | $2,105,000 | $62,000 | $246,000 |
| File Closed For Incompleteness | 20 | $6,310,000 | $315,000 | $695,000 | $92,000 | $286,000 |
| Application Approved But Not Accepted | 17 | $6,035,000 | $355,000 | $1,605,000 | $78,000 | $164,000 |
| 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 | 773 | $215,445,000 | $278,000 | $2,505,000 | $83,000 | $1,050,000 |
| Debt-To-Income Ratio | 47 | $10,725,000 | $228,000 | $1,105,000 | $54,000 | $246,000 |
| Other | 16 | $4,820,000 | $301,000 | $1,805,000 | $78,000 | $163,000 |
| Credit History | 15 | $5,025,000 | $335,000 | $2,105,000 | $82,000 | $170,000 |
| Collateral | 13 | $2,445,000 | $188,000 | $405,000 | $68,000 | $115,000 |
| Employment History | 2 | $310,000 | $155,000 | $185,000 | $27,000 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $235,000 | $235,000 | $235,000 | $59,000 | $59,000 |
| Unverifiable Information | 1 | $135,000 | $135,000 | $135,000 | $47,000 | $47,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Polish & Slavic Federal Credit's 2018 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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