Aguada Municipio, PR Mortgage Lenders & HMDA Data, 2010

In 2010, lenders reported 574 mortgage applications in Aguada Municipio, PR totaling $55.4 million, down 26% from 2009. The average application was for $96,000, and applicants reported an average income of $48,000. 48% of applications resulted in an originated loan and 22% were denied. The most active lender was Banco Popular De Puerto Rico, with 143 applications, followed by Popular Mortgage, Inc. and Scotiabank De Puerto Rico.

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Total Number of Mortgage Applications 574
Total Mortgage Loan Application Amount $55,433,000
Average Mortgage Loan Application Amount $96,000
Highest Mortgage Loan Application Amount $695,000
Average Applicant Income $48,000
Highest Applicant Income $1,510,000
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Top Mortgage Lenders in Aguada Municipio, PR (2010)

Ranked by the number of mortgage applications each lender reported in Aguada Municipio, PR in 2010.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Banco Popular De Puerto Rico
San Juan, PR
143 $2,329,000 $16,000 $28,000
2 Popular Mortgage, Inc.
San Juan, PR
113 $13,431,000 $118,000 $40,000
3 Scotiabank De Puerto Rico
San Juan, PR
48 $4,435,000 $92,000 $43,000
4 Cooperativa De Ahorro Y Credito De Aguada
Aguada, PR
44 $5,351,000 $121,000 $63,000
5 Cooperativa De Ahorroy Credito
Rincon, PR
41 $4,049,000 $98,000 $45,000
6 Doral Mortgage LLC
San Juan, PR
26 $3,135,000 $120,000 $41,000
7 Firstmortgage
San Juan, PR
26 $6,708,000 $258,000 $140,000
8 Firstbank Puerto Rico
Santurce, PR
25 $4,319,000 $172,000 $117,000
9 Banco Santander
San Juan, PR
22 $2,235,000 $101,000 $46,000
10 Oriental Bank
San Juan, PR
16 $1,911,000 $119,000 $50,000

See every lender active in Aguada Municipio, PR in 2010 »

The tables below break down 2010 mortgage applications in Aguada Municipio, PR by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Aguada Municipio, PR in 2010

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
Refinancing 223 $26,561,000 $119,000 $356,000 $45,000 $249,000
Home Improvement 190 $4,490,000 $23,000 $250,000 $29,000 $268,000
Home Purchase 161 $24,382,000 $151,000 $695,000 $74,000 $1,510,000

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 524 $49,218,000 $93,000 $695,000 $44,000 $569,000
Not applicable 45 $5,986,000 $133,000 $413,000 $88,000 $1,510,000
Not Provided 5 $229,000 $45,000 $108,000 $53,000 $100,000
White 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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 446 $40,004,000 $89,000 $695,000 $51,000 $1,510,000
FHA-insured (Federal Housing Administration) 76 $9,124,000 $120,000 $277,000 $35,000 $98,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 44 $4,853,000 $110,000 $199,000 $32,000 $69,000
VA-guaranteed (Veterans Administration) 8 $1,452,000 $181,000 $265,000 $51,000 $68,000

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 275 $26,445,000 $96,000 $600,000 $49,000 $1,510,000
Application Denied By Financial Institution 128 $9,443,000 $73,000 $695,000 $39,000 $300,000
Application Withdrawn By Applicant 62 $6,486,000 $104,000 $247,000 $38,000 $134,000
Loan Purchased By The Institution 53 $7,802,000 $147,000 $600,000 $62,000 $1,510,000
File Closed For Incompleteness 32 $3,876,000 $121,000 $418,000 $65,000 $569,000
Application Approved But Not Accepted 24 $1,381,000 $57,000 $265,000 $41,000 $93,000
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
Credit History 14 $976,000 $69,000 $209,000 $40,000 $108,000
Debt-To-Income Ratio 5 $181,000 $36,000 $110,000 $25,000 $42,000
Collateral 2 $197,000 $98,000 $130,000 $57,000 $98,000
Other 2 $531,000 $265,000 $356,000 $87,000 $110,000
Unverifiable Information 2 $260,000 $130,000 $250,000 $41,000 $69,000
Insufficient Cash (Downpayment, Closing Cost) 1 $104,000 $104,000 $104,000 $28,000 $28,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 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.

Download the Puerto Rico Lender List