Wallkill Valley Federal Savings & Loan Association Mortgage Lending & HMDA Data, 2021
In 2021, Wallkill Valley Federal Savings & Loan Association of Wallkill, NY reported 246 mortgage applications totaling $77.2 million, down 17% from 2020. The average application was for $313,780, and applicants reported an average income of $165,861. 80% of its applications resulted in an originated loan and 9% were denied. Its largest markets were New York-Newark, NY (118), Kingston, NY (101) and New York-Jersey City-White Plains, NY-NJ (7) (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 | 246 |
| Total Mortgage Loan Application Amount | $77,190,000 |
| Average Mortgage Loan Application Amount | $313,780 |
| Highest Mortgage Loan Application Amount | $1,455,000 |
| Average Applicant Income | $165,861 |
| Highest Applicant Income | $1,792,000 |
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Federal Savings & Loan Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 118 | $ 37,870,000 | $ 320,932 | $ 143,000 |
| Kingston, NY | 101 | $ 30,275,000 | $ 299,752 | $ 161,000 |
| Outside any metro area | 19 | $ 5,145,000 | $ 270,789 | $ 238,000 |
| New York-Jersey City-White Plains, NY-NJ | 7 | $ 2,795,000 | $ 399,285 | $ 244,000 |
| Glens Falls, NY | 1 | $ 1,105,000 | $ 1,105,000 | $ 1,792,000 |
Mortgage Loan Application Detail Totals for Wallkill Valley Federal Savings & Loan Association in 2021
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 | 90 | $27,300,000 | $303,000 | $635,000 | $141,000 | $567,000 |
| Cash-out Refinancing | 86 | $24,820,000 | $288,000 | $1,105,000 | $183,000 | $1,792,000 |
| Refinancing | 64 | $23,480,000 | $366,000 | $1,455,000 | $179,000 | $405,000 |
| Home Improvement | 5 | $1,515,000 | $303,000 | $905,000 | $165,000 | $450,000 |
| Other Purpose | 1 | $75,000 | $75,000 | $75,000 | $93,000 | $93,000 |
| 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 | 146 | $43,190,000 | $295,000 | $1,105,000 | $168,000 | $1,792,000 |
| Not Provided | 45 | $13,495,000 | $299,000 | $545,000 | $161,000 | $481,000 |
| Not applicable | 36 | $14,320,000 | $397,000 | $1,455,000 | $0 | $0 |
| Asian | 9 | $2,915,000 | $323,000 | $455,000 | $181,000 | $264,000 |
| Hispanic | 6 | $2,080,000 | $346,000 | $535,000 | $219,000 | $567,000 |
| Black or African American | 2 | $510,000 | $255,000 | $275,000 | $68,000 | $68,000 |
| 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) | 246 | $77,190,000 | $313,000 | $1,455,000 | $167,000 | $1,792,000 |
| 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 | 198 | $62,820,000 | $317,000 | $1,455,000 | $172,000 | $1,792,000 |
| Application Denied By Financial Institution | 21 | $6,495,000 | $309,000 | $535,000 | $100,000 | $317,000 |
| Application Approved But Not Accepted | 10 | $3,240,000 | $324,000 | $705,000 | $194,000 | $261,000 |
| File Closed For Incompleteness | 9 | $2,265,000 | $251,000 | $475,000 | $199,000 | $405,000 |
| Application Withdrawn By Applicant | 8 | $2,370,000 | $296,000 | $605,000 | $169,000 | $240,000 |
| 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 | 225 | $70,695,000 | $314,000 | $1,455,000 | $174,000 | $1,792,000 |
| Debt-To-Income Ratio | 9 | $2,655,000 | $295,000 | $525,000 | $85,000 | $177,000 |
| Collateral | 4 | $1,300,000 | $325,000 | $445,000 | $88,000 | $121,000 |
| Credit History | 4 | $1,030,000 | $257,000 | $445,000 | $94,000 | $167,000 |
| Other | 3 | $995,000 | $331,000 | $535,000 | $189,000 | $317,000 |
| Employment History | 1 | $515,000 | $515,000 | $515,000 | $116,000 | $116,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Wallkill Valley Federal Savings & Loan Association's 2021 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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