|
| Location |
San Sebastian County PR
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 1,028 |
| Total Amount of All Mortgage Loans Applied For | $81,035,000 |
| Average Mortgage Loan Amount Applied For | $78,000 |
| Highest Mortgage Loan Amount Applied For | $1,115,000 |
| Average Applicant Income | $39,000 |
| Highest Applicant Income | $548,000 |
|
|
|
| Home Improvement |
326 | $9,879,000 |
$30,000 | $265,000 |
$32,000 | $532,000 |
| Home Purchase |
405 | $39,092,000 |
$96,000 | $376,000 |
$38,000 | $298,000 |
| Refinancing |
297 | $32,064,000 |
$107,000 | $1,115,000 |
$48,000 | $548,000 |
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
959 | $74,210,000 |
$77,000 | $1,115,000 |
$39,000 | $548,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
58 | $5,910,000 |
$101,000 | $193,000 |
$35,000 | $141,000 |
| Not Provided |
4 | $50,000 |
$12,000 | $25,000 |
$14,000 | $32,000 |
| White |
7 | $865,000 |
$123,000 | $162,000 |
$46,000 | $103,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
787 | $55,790,000 |
$70,000 | $1,115,000 |
$41,000 | $548,000 |
| FHA-insured (Federal Housing Administration) |
120 | $12,765,000 |
$106,000 | $229,000 |
$36,000 | $197,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
119 | $12,278,000 |
$103,000 | $194,000 |
$29,000 | $65,000 |
| VA-guaranteed (Veterans Administration) |
2 | $202,000 |
$101,000 | $130,000 |
$63,000 | $68,000 |
|
| Application Approved But Not Accepted |
40 | $1,860,000 |
$46,000 | $161,000 |
$28,000 | $73,000 |
| Application Denied By Financial Institution |
271 | $18,489,000 |
$68,000 | $1,115,000 |
$36,000 | $243,000 |
| Application Withdrawn By Applicant |
115 | $10,215,000 |
$88,000 | $376,000 |
$43,000 | $532,000 |
| File Closed For Incompleteness |
32 | $3,250,000 |
$101,000 | $229,000 |
$43,000 | $119,000 |
| Loan Originated |
500 | $40,119,000 |
$80,000 | $752,000 |
$41,000 | $548,000 |
| Loan Purchased By The Institution |
70 | $7,102,000 |
$101,000 | $268,000 |
$37,000 | $141,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
8 | $1,121,000 |
$140,000 | $194,000 |
$83,000 | $224,000 |
| Credit Application Incomplete |
1 | $50,000 |
$50,000 | $50,000 |
$21,000 | $21,000 |
| Credit History |
33 | $2,245,000 |
$68,000 | $160,000 |
$28,000 | $81,000 |
| Debt-To-Income Ratio |
28 | $2,843,000 |
$101,000 | $1,115,000 |
$40,000 | $243,000 |
| Employment History |
3 | $140,000 |
$46,000 | $94,000 |
$21,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $275,000 |
$39,000 | $103,000 |
$33,000 | $111,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $708,000 |
$101,000 | $250,000 |
$52,000 | $105,000 |
| Unverifiable Information |
2 | $215,000 |
$107,000 | $200,000 |
$68,000 | $101,000 |
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