Polish & Slavic Federal Credit Union Mortgage Rates, Fees & Info
New York, NYLEI: 549300RUKY2I2HQ2AI44
Tax ID: 11-2433592
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Mortgage Data
Review & Overview
Polish & 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, Philadelphia, Bridgeport, and Trenton among others. We have data for 21 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 a low 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.81% | 4/21/24 |
| 30 Year Conventional Purchase | 6.04% | 4/21/24 |
| 30 Year Conventional Refi | 5.88% | 4/21/24 |
| 30 Year Cash-out Refi | 6.00% | 4/21/24 |
| 15 Year Conventional Purchase | 5.26% | 4/21/24 |
| 15 Year Conventional Refi | 5.24% | 4/21/24 |
| 15 Year Cash-out Refi | 5.24% | 4/21/24 |
| 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. | ||
Polish & Slavic Federal Credit Union Mortgage Calculator
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This is not an official calculator from Polish & Slavic Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
642Origination Dollar Volume (All Markets)
$165,280,000Awards
POLISH & SLAVIC FEDERAL CREDIT UNION - 2019
POLISH & SLAVIC FEDERAL CREDIT UNION is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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Top Markets
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) | 204 | $89,670,000 | $439,559 | $4,204 | 3.97% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 350 | $60,600,000 | $173,143 | $3,213 | 3.83% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 21 | $4,015,000 | $191,190 | $3,626 | 3.82% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 8 | $2,230,000 | $278,750 | $4,300 | 3.91% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 10 | $1,720,000 | $172,000 | $4,044 | 3.83% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 13 | $1,455,000 | $111,923 | $3,105 | 3.98% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $810,000 | $135,000 | $3,309 | 4.10% |
| Outside of Metro Areas | 6 | $730,000 | $121,667 | $4,037 | 4.02% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $3,143 | 4.09% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $2,928 | 3.75% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,819 | 4.31% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,305 | 4.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,213 | 3.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 4.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $3,161 | 3.78% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,321 | 3.13% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,583 | 4.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,531 | 3.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,155 | 4.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,501 | 4.38% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.13% |
Similar Lenders
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: 56
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 642 | $165,280,000 | $257,445 | $3,561 | 3.88% |
For 2019, Polish & Slavic Federal Credit Union's most frequently originated type of loan was Conventional, with 642 originations.
Loan Reason
For 2019, Polish & Slavic Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 349 originations. The 2nd most popular reason was Refi, with 168 originations.
Loan Duration/Length
For 2019, Polish & Slavic Federal Credit Union's most frequently cited loan duration was 30 Year, with 330 originations. The 2nd most popular length was 15 Year, with 249 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 460 | $89,030,000 | $193,543 |
| $1k-2k | 30 | $12,400,000 | $413,333 |
| $2k-3k | 2 | $1,400,000 | $700,000 |
Polish & Slavic Federal Credit Union's average total fees were $3,829, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 460 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 426 | $100,470,000 | $235,845 |
| 4-5% | 193 | $58,535,000 | $303,290 |
| 2.5-3% | 13 | $2,165,000 | $166,538 |
| 5-6% | 1 | $605,000 | $605,000 |
During 2019, Polish & Slavic Federal Credit Union's average interest rate for loans was 3.95%, while their most frequently originated rate bucket for loans was 3-4%, with 426 originations.
Loan Sizing
2019 saw Polish & Slavic Federal Credit Union place emphasis on $100k-200k loans with 244 originations, totaling $35,180,000 in origination value.
Applicant Income
Polish & Slavic Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 162 originations. The second most popular income band? $50k or less, with 132 originations.
Applicant Debt to Income Ratio
Polish & Slavic Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? 30-36%, with 97 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.52%
Polish & Slavic Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination68.07%
Polish & Slavic Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 642 | $165,280,000 | $257,445 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 30 | $24,790,000 | $826,333 |
| Single Family (1-4 Units):Site-Built | 612 | $140,490,000 | $229,559 |