|
| Location |
Luquillo County PR
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 972 |
| Total Amount of All Mortgage Loans Applied For | $115,806,000 |
| Average Mortgage Loan Amount Applied For | $119,000 |
| Highest Mortgage Loan Amount Applied For | $465,000 |
| Average Applicant Income | $68,000 |
| Highest Applicant Income | $1,330,000 |
|
|
|
| Home Improvement |
212 | $5,746,000 |
$27,000 | $300,000 |
$35,000 | $288,000 |
| Home Purchase |
512 | $81,269,000 |
$158,000 | $465,000 |
$86,000 | $1,330,000 |
| Refinancing |
248 | $28,791,000 |
$116,000 | $424,000 |
$61,000 | $552,000 |
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $166,000 |
$83,000 | $128,000 |
$68,000 | $68,000 |
| Black or African American |
2 | $106,000 |
$53,000 | $60,000 |
$25,000 | $32,000 |
| Hispanic |
795 | $91,482,000 |
$115,000 | $465,000 |
$66,000 | $1,330,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
136 | $19,439,000 |
$142,000 | $413,000 |
$77,000 | $1,330,000 |
| Not Provided |
14 | $1,363,000 |
$97,000 | $400,000 |
$44,000 | $139,000 |
| White |
23 | $3,250,000 |
$141,000 | $294,000 |
$106,000 | $414,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
748 | $80,961,000 |
$108,000 | $465,000 |
$74,000 | $1,330,000 |
| FHA-insured (Federal Housing Administration) |
158 | $25,996,000 |
$164,000 | $330,000 |
$52,000 | $175,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
53 | $6,113,000 |
$115,000 | $280,000 |
$27,000 | $59,000 |
| VA-guaranteed (Veterans Administration) |
13 | $2,736,000 |
$210,000 | $269,000 |
$67,000 | $121,000 |
|
| Application Approved But Not Accepted |
47 | $4,377,000 |
$93,000 | $263,000 |
$73,000 | $336,000 |
| Application Denied By Financial Institution |
251 | $25,026,000 |
$99,000 | $465,000 |
$50,000 | $268,000 |
| Application Withdrawn By Applicant |
90 | $13,225,000 |
$146,000 | $314,000 |
$77,000 | $479,000 |
| File Closed For Incompleteness |
46 | $5,461,000 |
$118,000 | $239,000 |
$78,000 | $434,000 |
| Loan Originated |
388 | $46,528,000 |
$119,000 | $413,000 |
$73,000 | $1,330,000 |
| Loan Purchased By The Institution |
150 | $21,189,000 |
$141,000 | $413,000 |
$76,000 | $1,330,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
8 | $952,000 |
$119,000 | $300,000 |
$70,000 | $195,000 |
| Credit Application Incomplete |
7 | $447,000 |
$63,000 | $198,000 |
$30,000 | $56,000 |
| Credit History |
42 | $4,783,000 |
$113,000 | $309,000 |
$52,000 | $180,000 |
| Debt-To-Income Ratio |
29 | $4,567,000 |
$157,000 | $424,000 |
$47,000 | $166,000 |
| Employment History |
1 | $222,000 |
$222,000 | $222,000 |
$18,000 | $18,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $323,000 |
$107,000 | $184,000 |
$43,000 | $59,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $486,000 |
$69,000 | $118,000 |
$108,000 | $247,000 |
| Unverifiable Information |
2 | $431,000 |
$215,000 | $262,000 |
$87,000 | $139,000 |
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