The Mortgage Record
Lender report card · New Jersey

Polish & Slavic Federal Credit

Brooklyn, NY · What the federal mortgage record shows about how Polish & Slavic Federal Credit treated New Jersey applicants, 2018–2025 — 767 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
88.1%
676 approved
Denial rate
11.9%
91 denied
Decisions
767
2018–2025
Avg. rate spread
+0.04 pp
vs. market benchmark
88.1% approved
11.9% denied

Share of 767 New Jersey applications Polish & Slavic Federal Credit approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional88.1% of 767 · NJ 87%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

81%84%87%90%93%88%86%85%90%92%91%87%2018201920202021202220232024

Pricing

Adjusting for its loan-type mix, Polish & Slavic Federal Credit’s rates ran -0.19 pp lower than the typical New Jersey lender (average rate spread +0.04 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Polish & Slavic Federal Credit approves

By income
Under $50k71.6% · 109$50–75k88.0% · 191$75–100k91.2% · 159$100–150k89.2% · 167$150–250k95.5% · 67
By debt-to-income
Under 36%92.6% · 26936–43%95.3% · 19243–50%95.7% · 186Over 50%53.4% · 116
By down payment (LTV)
20%+ down88.0% · 624

Why Polish & Slavic Federal Credit denied applications

Debt-to-income ratio62% of denialsOther22% of denialsCredit history13% of denialsCollateral (value/type)9% of denialsInsufficient cash to close2% of denialsEmployment history2% of denials

Where Polish & Slavic Federal Credit lends in NJ

CountyDecisionsApproval
Bergen County17887.1%
Mercer County9491.5%
Middlesex County8595.3%
Passaic County8182.7%
Morris County7489.2%
Union County4981.6%
Hudson County3588.6%
Sussex County3177.4%

Fees & closing costs

Median total loan costs
$4,820
home purchase
As % of loan
1.89%
NJ median 1.93%
Priced originations
322
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Polish & Slavic Federal Credit’s home-purchase originations — about the 1.93% New Jersey median. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Polish & Slavic Federal Credit to other lenders for your profile

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Polish & Slavic Federal Credit (LEI 549300RUKY2I2HQ2AI44). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →