|
| Location |
Fajardo County PR
• Apply Here |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Applications | 2,254 |
| Total Amount of All Mortgage Loans Applied For | $218,793,000 |
| Average Mortgage Loan Amount Applied For | $97,000 |
| Highest Mortgage Loan Amount Applied For | $1,080,000 |
| Average Applicant Income | $61,000 |
| Highest Applicant Income | $6,698,000 |
|
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|
| Home Improvement |
504 | $10,845,000 |
$21,000 | $335,000 |
$36,000 | $1,070,000 |
| Home Purchase |
1,143 | $149,380,000 |
$130,000 | $968,000 |
$78,000 | $6,698,000 |
| Refinancing |
607 | $58,568,000 |
$96,000 | $1,080,000 |
$53,000 | $689,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $151,000 |
$151,000 | $151,000 |
$44,000 | $44,000 |
| Black or African American |
7 | $787,000 |
$112,000 | $275,000 |
$57,000 | $110,000 |
| Hispanic |
1,801 | $172,853,000 |
$95,000 | $1,080,000 |
$62,000 | $6,698,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
388 | $39,732,000 |
$102,000 | $479,000 |
$56,000 | $1,410,000 |
| Not Provided |
31 | $1,558,000 |
$50,000 | $278,000 |
$40,000 | $177,000 |
| White |
26 | $3,712,000 |
$142,000 | $960,000 |
$121,000 | $889,000 |
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|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,966 | $190,645,000 |
$96,000 | $1,080,000 |
$67,000 | $6,698,000 |
| FHA-insured (Federal Housing Administration) |
243 | $22,490,000 |
$92,000 | $222,000 |
$25,000 | $96,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
26 | $3,111,000 |
$119,000 | $199,000 |
$28,000 | $56,000 |
| VA-guaranteed (Veterans Administration) |
19 | $2,547,000 |
$134,000 | $199,000 |
$40,000 | $93,000 |
|
|
| Application Approved But Not Accepted |
79 | $10,070,000 |
$127,000 | $1,080,000 |
$130,000 | $1,070,000 |
| Application Denied By Financial Institution |
539 | $37,345,000 |
$69,000 | $893,000 |
$38,000 | $540,000 |
| Application Withdrawn By Applicant |
227 | $25,828,000 |
$113,000 | $960,000 |
$90,000 | $6,698,000 |
| File Closed For Incompleteness |
96 | $9,639,000 |
$100,000 | $334,000 |
$53,000 | $300,000 |
| Loan Originated |
863 | $88,660,000 |
$102,000 | $961,000 |
$68,000 | $1,000,000 |
| Loan Purchased By The Institution |
450 | $47,251,000 |
$105,000 | $479,000 |
$53,000 | $1,410,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
20 | $2,311,000 |
$115,000 | $360,000 |
$54,000 | $141,000 |
| Credit Application Incomplete |
22 | $1,534,000 |
$69,000 | $171,000 |
$44,000 | $177,000 |
| Credit History |
105 | $4,835,000 |
$46,000 | $256,000 |
$36,000 | $433,000 |
| Debt-To-Income Ratio |
72 | $5,442,000 |
$75,000 | $329,000 |
$33,000 | $129,000 |
| Employment History |
2 | $90,000 |
$45,000 | $85,000 |
$15,000 | $20,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
10 | $587,000 |
$58,000 | $144,000 |
$35,000 | $62,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
26 | $2,511,000 |
$96,000 | $318,000 |
$48,000 | $225,000 |
| Unverifiable Information |
3 | $255,000 |
$85,000 | $125,000 |
$47,000 | $74,000 |
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