Polish & Slavic Federal Credit Union Mortgage Rates, Fees & Info
New York, NYLEI: 549300RUKY2I2HQ2AI44
Tax ID: 11-2433592
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Polish & Slavic Federal Credit Union is a smaller credit union specializing in Home Purchase, Refi, and Cash Out Refi loans. Polish & Slavic Federal Credit Union has a high proportion of conventional loans. Their top markets include New York, Chicago, Bridgeport, East Stroudsburg, and Philadelphia among others. Polish & Slavic Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Polish & Slavic Federal Credit Union is typically an average fee lendor.Originations
863Origination Dollar Volume (All Markets)
$225,715,000Awards
POLISH & SLAVIC FEDERAL CREDIT UNION - 2021
POLISH & SLAVIC FEDERAL CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Polish & Slavic Federal Credit Union's average 30 year fixed rate mortgage of loans were
3.11%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.04%.
Relative Fees
Polish & Slavic Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $4,161.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 281 | $109,115,000 | $388,310 | $4,314 | 3.17% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 433 | $84,725,000 | $195,670 | $3,314 | 3.07% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 21 | $6,595,000 | $314,048 | $4,169 | 3.10% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 29 | $4,685,000 | $161,552 | $3,941 | 3.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 18 | $4,060,000 | $225,556 | $4,132 | 3.01% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 21 | $3,655,000 | $174,048 | $3,836 | 2.97% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $1,925,000 | $385,000 | $4,810 | 3.08% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 8 | $1,840,000 | $230,000 | $4,221 | 2.98% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,755,000 | $250,714 | $3,989 | 3.18% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 8 | $1,670,000 | $208,750 | $3,770 | 3.09% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $1,190,000 | $148,750 | $3,986 | 3.14% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $4,096 | 2.96% |
| Outside of Metro Areas | 4 | $570,000 | $142,500 | $4,247 | 3.09% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,170 | 3.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,171 | 3.19% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,829 | 3.06% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,070 | 2.88% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,538 | 3.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,857 | 3.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.50% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,496 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,801 | 3.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.25% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,812 | 3.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,106 | 3.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,368 | 3.25% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,045 | 2.88% |
Polish & Slavic Federal Credit Union's top markets include New York, Chicago, Bridgeport, East Stroudsburg, and Philadelphia among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 863 | $225,715,000 | $261,547 | $3,737 | 3.10% |
For the 2021 period, Polish & Slavic Federal Credit Union's most frequently originated loan type of loans were Conventional, with 863 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 408 | $109,930,000 | $269,436 | $4,753 | 3.15% |
| Refi | 234 | $46,510,000 | $198,761 | $2,746 | 2.98% |
| Cash Out Refi | 154 | $53,050,000 | $344,481 | $3,107 | 3.17% |
| Other | 53 | $13,025,000 | $245,755 | $3,163 | 2.99% |
| Home Improvement | 14 | $3,200,000 | $228,571 | $2,884 | 3.12% |
For the 2021, Polish & Slavic Federal Credit Union's most frequently cited loan purpose of loans were Home Purchase, with 408 originations. The 2nd most popular reason of loans were Refi, with 234 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 428 | $113,760,000 | $265,794 | $4,161 | 3.11% |
| 15 Year | 289 | $60,555,000 | $209,533 | $3,031 | 3.08% |
| 20 Year | 74 | $16,720,000 | $225,946 | $3,380 | 3.02% |
| Other | 44 | $30,750,000 | $698,864 | $0 | 3.57% |
| 10 Year | 28 | $3,930,000 | $140,357 | $2,720 | 2.65% |
For the 2021, Polish & Slavic Federal Credit Union's most frequently cited loan length of loans were 30 Year, with 428 originations. The 2nd most popular length of loans were 15 Year, with 289 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 609 | $132,175,000 | $217,036 |
| $1k-2k | 97 | $30,935,000 | $318,918 |
| $2k-3k | 4 | $2,740,000 | $685,000 |
$4,161 of loans were Polish & Slavic Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 609 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 436 | $93,970,000 | $215,528 |
| 3-4% | 410 | $128,330,000 | $313,000 |
| <2.5% | 15 | $2,335,000 | $155,667 |
| 4-5% | 1 | $615,000 | $615,000 |
During 2021, Polish & Slavic Federal Credit Union's average interest rate of loans were 3.11%, while their most frequently originated rate bucket of loans were 2.5-3%, with 436 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 342 | $94,440,000 | $276,140 | $3,990 | 3.12% |
| $100k-200k | 299 | $44,465,000 | $148,712 | $3,213 | 3.01% |
| $100,000 or less | 102 | $8,020,000 | $78,627 | $3,073 | 3.06% |
| $400k-600k | 68 | $33,100,000 | $486,765 | $5,135 | 3.23% |
| $600k-1MM | 38 | $28,010,000 | $737,105 | $5,965 | 3.36% |
| $1MM+ | 14 | $17,680,000 | $1,262,857 | $7,852 | 3.54% |
2021 saw Polish & Slavic Federal Credit Union place emphasis on $200k-400k loans with 342 originations, totaling $94,440,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 225 | $47,005,000 | $208,911 | $3,631 | 3.06% |
| $50k or less | 186 | $26,610,000 | $143,065 | $3,348 | 3.03% |
| $75k-100k | 149 | $37,395,000 | $250,973 | $3,884 | 3.08% |
| $100k-150k | 144 | $38,350,000 | $266,319 | $3,855 | 3.09% |
| $150k-250k | 56 | $18,380,000 | $328,214 | $4,331 | 3.02% |
| $250k+ | 22 | $11,270,000 | $512,273 | $5,214 | 3.19% |
Polish & Slavic Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 225 originations. The second most popular income band? $50k or less, with 186 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 134 | $28,690,000 | $214,104 | $3,626 | 3.01% |
| 30-36% | 121 | $29,575,000 | $244,421 | $3,968 | 3.04% |
| <20% | 63 | $15,335,000 | $243,413 | $4,038 | 3.16% |
| 50-60% | 52 | $13,400,000 | $257,692 | $3,615 | 3.15% |
| 49% | 42 | $9,190,000 | $218,810 | $3,814 | 3.03% |
| 41% | 35 | $9,015,000 | $257,571 | $3,820 | 3.02% |
| 48% | 32 | $6,820,000 | $213,125 | $3,209 | 3.08% |
| 45% | 31 | $7,805,000 | $251,774 | $3,486 | 3.07% |
| 42% | 30 | $6,360,000 | $212,000 | $3,564 | 3.12% |
| 44% | 30 | $8,610,000 | $287,000 | $4,172 | 3.07% |
| 46% | 28 | $6,680,000 | $238,571 | $3,660 | 3.08% |
| >60% | 27 | $7,855,000 | $290,926 | $3,601 | 3.23% |
| 37% | 26 | $4,840,000 | $186,154 | $3,312 | 3.04% |
| 39% | 26 | $5,980,000 | $230,000 | $3,719 | 2.98% |
| 38% | 26 | $5,450,000 | $209,615 | $4,255 | 3.08% |
| 43% | 25 | $4,815,000 | $192,600 | $3,584 | 3.09% |
| 40% | 24 | $4,950,000 | $206,250 | $3,484 | 3.03% |
| 36% | 23 | $4,395,000 | $191,087 | $3,722 | 2.92% |
| 47% | 23 | $4,835,000 | $210,217 | $3,732 | 3.02% |
Polish & Slavic Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 134 originations. The next most common DTI ratio? 30-36%, with 121 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 813 | $196,295,000 | $241,445 | $3,731 | 3.08% |
| Not applicable | 37 | $25,835,000 | $698,243 | $0 | 3.58% |
| Not provided | 10 | $2,720,000 | $272,000 | $3,994 | 3.09% |
| Vietnamese | 1 | $505,000 | $505,000 | $6,323 | 3.00% |
| Asian | 1 | $215,000 | $215,000 | $4,693 | 2.88% |
| American Indian | 1 | $145,000 | $145,000 | $2,368 | 3.13% |
Approval Rates
Total approvals of all applications87.97%
Polish & Slavic Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination71.10%
Polish & Slavic Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 863 | $225,715,000 | $261,547 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 863 | $225,715,000 | $261,547 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 89 | $18,625,000 | $209,270 | $3,137 | 2.99% |
| 40-60% | 229 | $64,295,000 | $280,764 | $3,230 | 3.04% |
| 60-80% | 405 | $107,925,000 | $266,481 | $3,806 | 3.15% |
| 80-100% | 125 | $31,835,000 | $254,680 | $4,886 | 3.11% |
| Under 20% | 15 | $3,035,000 | $202,333 | $3,254 | 3.12% |
