In 2022, lenders reported 50 mortgage applications in Adjuntas Municipio, PR totaling $5.3 million, about the same as 2021. The average application was for $105,000, and applicants reported an average income of $44,000. 52% of applications resulted in an originated loan and 18% were denied. The most active lender was Banco Popular, with 12 applications, followed by First Equity Mortgage Bankers Inc. and Pentagon Federal Credit Union.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 50 |
| Total Mortgage Loan Application Amount | $5,280,000 |
| Average Mortgage Loan Application Amount | $105,000 |
| Highest Mortgage Loan Application Amount | $235,000 |
| Average Applicant Income | $44,000 |
| Highest Applicant Income | $161,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Banco Popular PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 64,243,000,000 | 12 | $ 1,210,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ -1,000 | 9 | $ 875,000 |
| Pentagon Federal Credit Union OMAHA, NE 68164 |
* | $ 32,520,025,000 | 6 | $ 930,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ -1,000 | 5 | $ 465,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 9,805,742,000 | 4 | $ 390,000 |
| Cooperativa De A\C Lares CARR 111 KM 3.8 AVE LOS PATRIOTAS LARES, PR 00669 |
* | $ -1,000 | 3 | $ 155,000 |
| Planet Home Lending, LLC 321 RESEARCH PARKWAY SUITE 303 MERIDEN, CT 06450 |
* | $ -1,000 | 3 | $ 315,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 20,778,081,000 | 2 | $ 200,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ -1,000 | 2 | $ 340,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 1 | $ 85,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ -1,000 | 1 | $ 95,000 |
| Cooperativa De A\C Oriental PO BOX 876 HUMACAO, PR 00791 |
* | $ -1,000 | 1 | $ 75,000 |
| Cooperativa De A/C Camuy AVE. BALTAZAR JIMÉNEZ MÉNDEZ #300 CAMUY, PR 00627 |
* | $ -1,000 | 1 | $ 145,000 |
The tables below break down 2022 mortgage applications in Adjuntas Municipio, PR by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 42 | $4,500,000 | $107,000 | $235,000 | $43,000 | $161,000 |
| Not Applicable | 3 | $225,000 | $75,000 | $85,000 | $93,000 | $93,000 |
| Cash-out Refinancing | 3 | $335,000 | $111,000 | $145,000 | $54,000 | $67,000 |
| Other Purpose | 1 | $135,000 | $135,000 | $135,000 | $32,000 | $32,000 |
| Refinancing | 1 | $85,000 | $85,000 | $85,000 | $45,000 | $45,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Hispanic | 41 | $4,265,000 | $104,000 | $235,000 | $42,000 | $161,000 |
| Not applicable | 7 | $785,000 | $112,000 | $225,000 | $0 | $0 |
| White | 2 | $230,000 | $115,000 | $165,000 | $88,000 | $151,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 21 | $2,055,000 | $97,000 | $175,000 | $32,000 | $74,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 13 | $1,265,000 | $97,000 | $135,000 | $24,000 | $37,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 13 | $1,565,000 | $120,000 | $235,000 | $75,000 | $161,000 |
| VA-guaranteed (Veterans Administration) | 3 | $395,000 | $131,000 | $195,000 | $64,000 | $67,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 26 | $2,770,000 | $106,000 | $235,000 | $53,000 | $161,000 |
| Application Denied By Financial Institution | 9 | $1,045,000 | $116,000 | $165,000 | $25,000 | $45,000 |
| Loan Purchased By The Institution | 7 | $785,000 | $112,000 | $225,000 | $0 | $0 |
| Application Withdrawn By Applicant | 5 | $405,000 | $81,000 | $105,000 | $35,000 | $74,000 |
| File Closed For Incompleteness | 3 | $275,000 | $91,000 | $105,000 | $41,000 | $87,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 41 | $4,235,000 | $103,000 | $235,000 | $49,000 | $161,000 |
| Collateral | 4 | $390,000 | $97,000 | $135,000 | $19,000 | $23,000 |
| Other | 2 | $260,000 | $130,000 | $145,000 | $39,000 | $45,000 |
| Debt-To-Income Ratio | 2 | $230,000 | $115,000 | $135,000 | $26,000 | $32,000 |
| Credit History | 1 | $165,000 | $165,000 | $165,000 | $26,000 | $26,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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