Polish & Slavic Federal Credit Union Mortgage Rates, Fees & InfoNew York, NY
Tax ID: 11-2433592
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewPolish & Slavic Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Polish & Slavic Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New York, Chicago, Bridgeport, Philadelphia, and Trenton among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)
Polish & Slavic Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Polish & Slavic Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||5.81%||3/30/23|
|30 Year Conventional Purchase||6.04%||3/30/23|
|30 Year Conventional Refi||5.88%||3/30/23|
|30 Year Cash-out Refi||6.00%||3/30/23|
|15 Year Conventional Purchase||5.26%||3/30/23|
|15 Year Conventional Refi||5.24%||3/30/23|
|15 Year Cash-out Refi||5.24%||3/30/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Origination Dollar Volume (All Markets)$301,135,000
Polish & Slavic Federal Credit Union's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.83%.
Relative Fees (Closing Costs)
Polish & Slavic Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,905.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
|Market||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)||384||$138,950,000||$361,849||$5,039||4.02%|
|Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)||601||$121,865,000||$202,770||$4,519||4.15%|
|BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA)||16||$5,400,000||$337,500||$4,439||4.02%|
|Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)||24||$5,160,000||$215,000||$4,337||4.02%|
|TRENTON-PRINCETON, NJ (FHA|USDA|VA)||32||$5,150,000||$160,938||$3,944||3.84%|
|EAST STROUDSBURG, PA (FHA|USDA|VA)||30||$5,070,000||$169,000||$4,075||3.84%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||18||$4,410,000||$245,000||$4,515||3.79%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||14||$2,480,000||$177,143||$4,094||4.82%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||8||$1,870,000||$233,750||$4,644||3.92%|
|ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA)||10||$1,810,000||$181,000||$4,637||3.68%|
|Outside of Metro Areas||7||$1,145,000||$163,571||$3,454||4.02%|
|HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)||4||$980,000||$245,000||$3,610||5.22%|
|JACKSONVILLE, FL (FHA|USDA|VA)||3||$775,000||$258,333||$4,386||4.21%|
|CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)||3||$675,000||$225,000||$4,810||4.33%|
|DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA)||3||$555,000||$185,000||$4,129||3.13%|
|SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA)||1||$535,000||$535,000||$3,945||3.88%|
|PORT ST. LUCIE, FL (FHA|USDA|VA)||1||$525,000||$525,000||$7,028||4.25%|
|Pottsville, PA (FHA|USDA|VA)||1||$485,000||$485,000||$13,179||5.25%|
|UTICA-ROME, NY (FHA|USDA|VA)||1||$385,000||$385,000||$4,905||4.25%|
|KINGSTON, NY (FHA|USDA|VA)||2||$360,000||$180,000||$4,721||4.88%|
|POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA)||2||$340,000||$170,000||$4,387||3.25%|
|SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA)||3||$305,000||$101,667||$3,706||3.17%|
|PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)||1||$275,000||$275,000||$4,113||3.88%|
|PUNTA GORDA, FL (FHA|USDA|VA)||1||$275,000||$275,000||$5,425||3.88%|
|NEW HAVEN-MILFORD, CT (FHA|USDA|VA)||1||$225,000||$225,000||$4,812||6.63%|
|LEBANON, PA (FHA|USDA|VA)||1||$215,000||$215,000||$5,010||4.25%|
|Angola, IN (FHA|USDA|VA)||1||$205,000||$205,000||$2,351||3.25%|
|CHAMPAIGN-URBANA, IL (FHA|USDA|VA)||1||$195,000||$195,000||$2,248||4.63%|
|Torrington, CT (FHA|USDA|VA)||1||$175,000||$175,000||$4,476||3.25%|
|PITTSBURGH, PA (FHA|USDA|VA)||1||$135,000||$135,000||$4,106||5.00%|
|Ottawa, IL (FHA|USDA|VA)||1||$105,000||$105,000||$0||3.25%|
|NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)||1||$55,000||$55,000||$0||5.50%|
|SYRACUSE, NY (FHA|USDA|VA)||1||$45,000||$45,000||$0||3.38%|
We use machine learning to identify the top lenders compared against POLISH & SLAVIC FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 30
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Polish & Slavic Federal Credit Union's most frequently originated type of loan was Conventional, with 821 originations. Their 2nd most popular type was HELOC, with 358 originations.
For 2022, Polish & Slavic Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 627 originations. The 2nd most popular reason was Cash Out Refi, with 255 originations.
For 2022, Polish & Slavic Federal Credit Union's most frequently cited loan duration was 30 Year, with 471 originations. The 2nd most popular length was Other, with 408 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Polish & Slavic Federal Credit Union's average total fees were $4,905, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 324 originations.
During 2022, Polish & Slavic Federal Credit Union's average interest rate for loans was 3.93%, while their most frequently originated rate bucket for loans was 3-4%, with 474 originations.
2022 saw Polish & Slavic Federal Credit Union place emphasis on $200k-400k loans with 458 originations, totaling $123,260,000 in origination value.
Polish & Slavic Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 306 originations. The second most popular income band? $100k-150k, with 242 originations.
Applicant Debt to Income Ratio
Polish & Slavic Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 183 originations. The next most common DTI ratio? 30-36%, with 175 originations.
Approval RatesTotal approvals of all applications
Polish & Slavic Federal Credit Union has an average approval rate.
Pick RateApprovals leading to origination
Polish & Slavic Federal Credit Union has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|