Wallkill Valley Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2016
In 2016, Wallkill Valley Federal Savings & Loan Association of Wallkill, NY reported 126 mortgage applications totaling $30.8 million, down 4% from 2015. The average application was for $244,428, and applicants reported an average income of $103,396. 63% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Kingston, NY (60), New York-Jersey City-White Plains, NY-NJ (53) and Dutchess County-Putnam County, NY (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 | 126 |
| Total Mortgage Loan Application Amount | $30,798,000 |
| Average Mortgage Loan Application Amount | $244,428 |
| Highest Mortgage Loan Application Amount | $1,525,000 |
| Average Applicant Income | $103,396 |
| Highest Applicant Income | $1,300,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Kingston, NY | 60 | $ 11,994,000 | $ 199,900 | $ 96,000 |
| New York-Jersey City-White Plains, NY-NJ | 53 | $ 12,884,000 | $ 243,094 | $ 121,000 |
| Dutchess County-Putnam County, NY | 9 | $ 5,089,000 | $ 565,444 | $ 34,000 |
Mortgage Loan Application Detail Totals for Wallkill Valley Federal Savings & Loan Association 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 | 73 | $18,692,000 | $256,000 | $788,000 | $115,000 | $1,300,000 |
| Refinancing | 38 | $10,832,000 | $285,000 | $1,525,000 | $86,000 | $413,000 |
| Home Improvement | 15 | $1,274,000 | $84,000 | $180,000 | $91,000 | $283,000 |
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 | 80 | $16,598,000 | $207,000 | $525,000 | $104,000 | $413,000 |
| Not Provided | 23 | $5,631,000 | $244,000 | $653,000 | $191,000 | $1,300,000 |
| Not applicable | 18 | $7,255,000 | $403,000 | $1,525,000 | $0 | $0 |
| Black or African American | 2 | $575,000 | $287,000 | $405,000 | $66,000 | $117,000 |
| Hispanic | 2 | $454,000 | $227,000 | $236,000 | $87,000 | $87,000 |
| Asian | 1 | $285,000 | $285,000 | $285,000 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 126 | $30,798,000 | $244,000 | $1,525,000 | $103,000 | $1,300,000 |
| 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 | 80 | $19,519,000 | $243,000 | $1,525,000 | $105,000 | $1,300,000 |
| Application Denied By Financial Institution | 18 | $3,916,000 | $217,000 | $565,000 | $101,000 | $342,000 |
| File Closed For Incompleteness | 16 | $3,712,000 | $232,000 | $394,000 | $131,000 | $413,000 |
| Application Withdrawn By Applicant | 12 | $3,651,000 | $304,000 | $788,000 | $58,000 | $200,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 7 | $884,000 | $126,000 | $237,000 | $59,000 | $101,000 |
| Collateral | 6 | $1,704,000 | $284,000 | $565,000 | $125,000 | $207,000 |
| Credit History | 3 | $663,000 | $221,000 | $270,000 | $188,000 | $342,000 |
| Other | 2 | $665,000 | $332,000 | $410,000 | $45,000 | $45,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $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 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 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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