Wallkill Valley Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2023
In 2023, Wallkill Valley Federal Savings & Loan Association of Wallkill, NY reported 149 mortgage applications totaling $46.1 million, down 28% from 2022. The average application was for $309,496, and applicants reported an average income of $229,409. 77% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Kingston, NY (80), New York-Newark, NY (58) and New York-Jersey City-White Plains, NY-NJ (2) (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 | 149 |
| Total Mortgage Loan Application Amount | $46,115,000 |
| Average Mortgage Loan Application Amount | $309,496 |
| Highest Mortgage Loan Application Amount | $1,255,000 |
| Average Applicant Income | $229,409 |
| Highest Applicant Income | $3,173,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 80 | $ 25,110,000 | $ 313,875 | $ 254,000 |
| Orange, New York | 47 | $ 12,415,000 | $ 264,148 | $ 160,000 |
| Dutchess, New York | 11 | $ 4,845,000 | $ 440,454 | $ 244,000 |
| Delaware, New York | 5 | $ 1,505,000 | $ 301,000 | $ 232,000 |
| Sullivan, New York | 4 | $ 1,670,000 | $ 417,500 | $ 258,000 |
| Putnam, New York | 1 | $ 445,000 | $ 445,000 | $ 355,000 |
| Westchester, New York | 1 | $ 125,000 | $ 125,000 | $ 1,256,000 |
Mortgage Loan Application Detail Totals for Wallkill Valley Federal Savings & Loan Association 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 | 99 | $36,925,000 | $372,000 | $1,255,000 | $249,000 | $3,173,000 |
| Home Improvement | 19 | $1,685,000 | $88,000 | $305,000 | $195,000 | $1,256,000 |
| Refinancing | 12 | $3,300,000 | $275,000 | $515,000 | $140,000 | $242,000 |
| Cash-out Refinancing | 11 | $3,265,000 | $296,000 | $605,000 | $262,000 | $696,000 |
| Other Purpose | 8 | $940,000 | $117,000 | $225,000 | $158,000 | $329,000 |
| 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 | 96 | $29,360,000 | $305,000 | $1,255,000 | $242,000 | $3,173,000 |
| Not Provided | 25 | $6,915,000 | $276,000 | $645,000 | $235,000 | $1,256,000 |
| Not applicable | 15 | $4,745,000 | $316,000 | $775,000 | $0 | $0 |
| Hispanic | 9 | $3,305,000 | $367,000 | $705,000 | $106,000 | $210,000 |
| Black or African American | 2 | $530,000 | $265,000 | $445,000 | $238,000 | $355,000 |
| Asian | 1 | $405,000 | $405,000 | $405,000 | $93,000 | $93,000 |
| American Indian or Alaskan Native | 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) | 149 | $46,115,000 | $309,000 | $1,255,000 | $232,000 | $3,173,000 |
| 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 | 114 | $33,430,000 | $293,000 | $855,000 | $211,000 | $1,256,000 |
| Application Withdrawn By Applicant | 14 | $6,250,000 | $446,000 | $925,000 | $485,000 | $3,173,000 |
| Application Denied By Financial Institution | 9 | $1,345,000 | $149,000 | $605,000 | $155,000 | $696,000 |
| Application Approved But Not Accepted | 8 | $3,590,000 | $448,000 | $1,255,000 | $216,000 | $439,000 |
| File Closed For Incompleteness | 4 | $1,500,000 | $375,000 | $705,000 | $217,000 | $340,000 |
| 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 | 140 | $44,770,000 | $319,000 | $1,255,000 | $237,000 | $3,173,000 |
| Credit History | 5 | $1,185,000 | $237,000 | $605,000 | $210,000 | $696,000 |
| Debt-To-Income Ratio | 3 | $85,000 | $28,000 | $45,000 | $49,000 | $60,000 |
| Collateral | 1 | $75,000 | $75,000 | $75,000 | $198,000 | $198,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 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 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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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