Wallkill Valley Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2022
In 2022, Wallkill Valley Federal Savings & Loan Association of Wallkill, NY reported 208 mortgage applications totaling $66.4 million, down 15% from 2021. The average application was for $319,086, and applicants reported an average income of $166,163. 79% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Kingston, NY (92), New York-Newark, NY (91) and New York-Jersey City-White Plains, NY-NJ (9) (applications in parentheses).
| Mortgage Company & Address | Wallkill Valley Federal Savings & Loan Association 23 Wallkill Avenue Wallkill, NY 12589 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 |
| Total Number of Mortgage Applications | 208 |
| Total Mortgage Loan Application Amount | $66,370,000 |
| Average Mortgage Loan Application Amount | $319,086 |
| Highest Mortgage Loan Application Amount | $2,175,000 |
| Average Applicant Income | $166,163 |
| Highest Applicant Income | $2,226,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wallkill Valley Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Ulster, New York | 92 | $ 28,800,000 | $ 313,043 | $ 193,000 |
| Orange, New York | 78 | $ 23,560,000 | $ 302,051 | $ 133,000 |
| Dutchess, New York | 13 | $ 3,845,000 | $ 295,769 | $ 141,000 |
| Sullivan, New York | 8 | $ 3,430,000 | $ 428,750 | $ 113,000 |
| Columbia, New York | 4 | $ 1,440,000 | $ 360,000 | $ 208,000 |
| Rockland, New York | 4 | $ 1,510,000 | $ 377,500 | $ 191,000 |
| Westchester, New York | 3 | $ 1,585,000 | $ 528,333 | $ 273,000 |
| Greene, New York | 2 | $ 540,000 | $ 270,000 | $ 201,000 |
| Rensselaer, New York | 2 | $ 350,000 | $ 175,000 | $ 0 |
| Kings, New York | 1 | $ 855,000 | $ 855,000 | $ 0 |
| Putnam, New York | 1 | $ 455,000 | $ 455,000 | $ 0 |
Mortgage Loan Application Detail Totals for Wallkill Valley Federal Savings & Loan Association 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 | 131 | $45,225,000 | $345,000 | $2,175,000 | $188,000 | $2,226,000 |
| Cash-out Refinancing | 36 | $9,410,000 | $261,000 | $645,000 | $131,000 | $407,000 |
| Refinancing | 28 | $8,990,000 | $321,000 | $1,465,000 | $129,000 | $334,000 |
| Home Improvement | 10 | $1,950,000 | $195,000 | $1,305,000 | $98,000 | $211,000 |
| Other Purpose | 2 | $90,000 | $45,000 | $45,000 | $138,000 | $174,000 |
| Not Applicable | 1 | $705,000 | $705,000 | $705,000 | $350,000 | $350,000 |
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 | 114 | $33,240,000 | $291,000 | $705,000 | $169,000 | $2,226,000 |
| Not applicable | 49 | $19,385,000 | $395,000 | $2,175,000 | $0 | $0 |
| Not Provided | 27 | $8,545,000 | $316,000 | $1,225,000 | $193,000 | $1,108,000 |
| Hispanic | 7 | $2,185,000 | $312,000 | $605,000 | $118,000 | $185,000 |
| Asian | 5 | $1,635,000 | $327,000 | $525,000 | $91,000 | $209,000 |
| Black or African American | 5 | $1,095,000 | $219,000 | $415,000 | $91,000 | $200,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $285,000 | $285,000 | $285,000 | $146,000 | $146,000 |
| 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) | 208 | $66,370,000 | $319,000 | $2,175,000 | $166,000 | $2,226,000 |
| 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 | 164 | $52,120,000 | $317,000 | $2,175,000 | $165,000 | $1,108,000 |
| Application Denied By Financial Institution | 17 | $4,735,000 | $278,000 | $535,000 | $96,000 | $255,000 |
| Application Withdrawn By Applicant | 14 | $4,860,000 | $347,000 | $605,000 | $118,000 | $425,000 |
| Application Approved But Not Accepted | 11 | $4,065,000 | $369,000 | $1,305,000 | $480,000 | $2,226,000 |
| File Closed For Incompleteness | 2 | $590,000 | $295,000 | $325,000 | $104,000 | $108,000 |
| 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 | 191 | $61,635,000 | $322,000 | $2,175,000 | $173,000 | $2,226,000 |
| Debt-To-Income Ratio | 11 | $2,875,000 | $261,000 | $525,000 | $80,000 | $185,000 |
| Credit History | 3 | $885,000 | $295,000 | $405,000 | $94,000 | $104,000 |
| Other | 1 | $535,000 | $535,000 | $535,000 | $255,000 | $255,000 |
| Unverifiable Information | 1 | $265,000 | $265,000 | $265,000 | $112,000 | $112,000 |
| Collateral | 1 | $175,000 | $175,000 | $175,000 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Wallkill Valley Federal Savings & Loan Association'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 Wallkill Valley Federal Savings & Loan Association'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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