Wallkill Valley Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2020
In 2020, Wallkill Valley Federal Savings & Loan Association of Wallkill, NY reported 297 mortgage applications totaling $80.7 million, up 48% from 2019. The average application was for $271,565, and applicants reported an average income of $158,723. 76% of its applications resulted in an originated loan and 7% were denied. Its largest markets were New York-Newark, NY (146), Kingston, NY (128) and New York-Jersey City-White Plains, NY-NJ (15) (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 | 297 |
| Total Mortgage Loan Application Amount | $80,655,000 |
| Average Mortgage Loan Application Amount | $271,565 |
| Highest Mortgage Loan Application Amount | $855,000 |
| Average Applicant Income | $158,723 |
| Highest Applicant Income | $1,955,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| New York-Newark, NY | 146 | $ 39,000,000 | $ 267,123 | $ 137,000 |
| Kingston, NY | 128 | $ 34,240,000 | $ 267,500 | $ 174,000 |
| New York-Jersey City-White Plains, NY-NJ | 15 | $ 5,765,000 | $ 384,333 | $ 252,000 |
| Outside any metro area | 8 | $ 1,650,000 | $ 206,250 | $ 93,000 |
Mortgage Loan Application Detail Totals for Wallkill Valley Federal Savings & Loan Association in 2020
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 | 113 | $30,085,000 | $266,000 | $795,000 | $152,000 | $1,955,000 |
| Cash-out Refinancing | 88 | $25,230,000 | $286,000 | $705,000 | $158,000 | $1,435,000 |
| Refinancing | 85 | $23,765,000 | $279,000 | $855,000 | $171,000 | $460,000 |
| Home Improvement | 10 | $1,550,000 | $155,000 | $325,000 | $144,000 | $237,000 |
| Other Purpose | 1 | $25,000 | $25,000 | $25,000 | $86,000 | $86,000 |
| 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 | 196 | $53,320,000 | $272,000 | $845,000 | $161,000 | $1,955,000 |
| Not Provided | 45 | $13,205,000 | $293,000 | $795,000 | $168,000 | $639,000 |
| Not applicable | 36 | $8,880,000 | $246,000 | $855,000 | $0 | $0 |
| Hispanic | 14 | $3,520,000 | $251,000 | $415,000 | $107,000 | $254,000 |
| Asian | 3 | $965,000 | $321,000 | $405,000 | $104,000 | $150,000 |
| Black or African American | 3 | $765,000 | $255,000 | $315,000 | $152,000 | $305,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 297 | $80,655,000 | $271,000 | $855,000 | $158,000 | $1,955,000 |
| 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 | 225 | $59,005,000 | $262,000 | $845,000 | $154,000 | $1,435,000 |
| Application Approved But Not Accepted | 24 | $7,770,000 | $323,000 | $855,000 | $263,000 | $1,955,000 |
| Application Withdrawn By Applicant | 21 | $6,035,000 | $287,000 | $635,000 | $159,000 | $397,000 |
| Application Denied By Financial Institution | 20 | $5,710,000 | $285,000 | $705,000 | $108,000 | $254,000 |
| File Closed For Incompleteness | 7 | $2,135,000 | $305,000 | $525,000 | $150,000 | $253,000 |
| 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 | 277 | $74,945,000 | $270,000 | $855,000 | $163,000 | $1,955,000 |
| Debt-To-Income Ratio | 7 | $2,315,000 | $330,000 | $705,000 | $98,000 | $254,000 |
| Employment History | 4 | $1,130,000 | $282,000 | $355,000 | $95,000 | $150,000 |
| Other | 4 | $1,130,000 | $282,000 | $485,000 | $121,000 | $140,000 |
| Collateral | 2 | $480,000 | $240,000 | $255,000 | $148,000 | $187,000 |
| Credit Application Incomplete | 1 | $185,000 | $185,000 | $185,000 | $51,000 | $51,000 |
| Credit History | 1 | $385,000 | $385,000 | $385,000 | $192,000 | $192,000 |
| Unverifiable Information | 1 | $85,000 | $85,000 | $85,000 | $69,000 | $69,000 |
| 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 2020 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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