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, 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.81% | 4/28/24 |
| 30 Year Conventional Purchase | 6.04% | 4/28/24 |
| 30 Year Conventional Refi | 5.88% | 4/28/24 |
| 30 Year Cash-out Refi | 6.00% | 4/28/24 |
| 15 Year Conventional Purchase | 5.26% | 4/28/24 |
| 15 Year Conventional Refi | 5.24% | 4/28/24 |
| 15 Year Cash-out Refi | 5.24% | 4/28/24 |
| 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
1,179Origination Dollar Volume (All Markets)
$301,135,000Awards
POLISH & SLAVIC FEDERAL CREDIT UNION - 2022
POLISH & SLAVIC FEDERAL CREDIT UNION is a 2022 , due to their low .
For 2022, 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) | 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% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 821 | $247,695,000 | $301,699 | $4,661 | 3.84% |
| HELOC | 358 | $53,440,000 | $149,274 | n/a | 4.63% |
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.
Loan Reason
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.
Loan Duration/Length
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 |
|---|---|---|---|
| $<1k | 324 | $61,680,000 | $190,370 |
| $1k-2k | 281 | $90,655,000 | $322,616 |
| $2k-3k | 22 | $15,570,000 | $707,727 |
| $4k-5k | 1 | $725,000 | $725,000 |
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.
Interest Rates
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.
Loan Sizing
2022 saw Polish & Slavic Federal Credit Union place emphasis on $200k-400k loans with 458 originations, totaling $123,260,000 in origination value.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.22%
Polish & Slavic Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination81.68%
Polish & Slavic Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,179 | $301,135,000 | $255,416 |