In 2008, lenders reported 7,592 mortgage applications in Aguadilla-Isabela-San Sebastian, PR metro area totaling $670.1 million, down 8% from 2007. The average application was for $88,258, and applicants reported an average income of $47,000. 47% of applications resulted in an originated loan and 27% were denied. The most active lender was Banco Popular De Puerto Rico, with 1,365 applications, followed by Popular Mortgage, Inc. and Doral Mortgage LLC.
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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 |
| Total Number of Mortgage Applications | 7,592 |
| Total Mortgage Loan Application Amount | $670,059,000 |
| Average Mortgage Loan Application Amount | $88,258 |
| Highest Mortgage Loan Application Amount | $1,700,000 |
| Average Applicant Income | $47,000 |
| Highest Applicant Income | $4,084,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Banco Popular De Puerto Rico PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 26,742,000,000 | 1,365 | $ 16,643,000 |
| Popular Mortgage, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 1,296 | $ 160,830,000 |
| Doral Mortgage LLC DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV SAN JUAN, PR 00921 |
* | $ 11,855,073,000 | 692 | $ 69,857,000 |
| Westernbak Puerto Rico PO BOX 1180 MAYAGUEZ, PR 00681 |
* | $ 17,936,278,000 | 652 | $ 37,809,000 |
| Doral Bank 268 PONCE DE LEON SUITE 910 SAN JUAN, PR 00918 |
* | $ 7,642,115,000 | 405 | $ 35,917,000 |
| R & G Mortgage Corporation P O BOX 362394 SAN JUAN, PR 00936 |
* | $ 8,011,488,000 | 371 | $ 42,523,000 |
| Banco Santander P.O.BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,289,250,000 | 365 | $ 36,023,000 |
| R-G Premier Bank of P.R. PO BOX 2510 GUAYNABO, PR 00970 |
* | $ 7,424,734,000 | 360 | $ 37,659,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 189 | $ 23,110,000 |
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ 10,000,000 | 186 | $ 25,127,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 1,547,096,000 | 177 | $ 18,239,000 |
| Firstbank Puerto Rico PO BOX 9146 SANTURCE, PR 00908 |
* | $ 16,259,720,000 | 176 | $ 20,304,000 |
| Santander Financial Services P.O. BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 157 | $ 12,510,000 |
| Banco Bilbao Vizcaya Argentari 254 MUNOZ RIVERA AVE SAN JUAN, PR 00918 |
* | $ 6,588,855,000 | 144 | $ 22,813,000 |
| Citifinancial 300 ST. PAUL PLACE BALTIMORE, MD 21202 |
* | $ 1,745,248,000 | 139 | $ 9,513,000 |
| Cooperativa De A/C Isabela 21 CALLE BARBOSA SUITE 1 ISABELA, PR 00662 |
* | $ 10,000,000 | 130 | $ 11,252,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 5,644,198,000 | 113 | $ 14,615,000 |
| Cooperativa De Ahorro Y Credito De Aguada P.O. BOX 543 AGUADA, PR 00602 |
* | $ 10,000,000 | 110 | $ 13,125,000 |
| Popular Finance, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 74 | $ 4,370,000 |
| Cooperativa Ahorro Y Credito Aguadilla APARTADO 541 AGUADILLA, PR 00605 |
* | $ 10,000,000 | 52 | $ 5,525,000 |
| Aeela Mortgage PO BOX 71502 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 45 | $ 4,935,000 |
| Eurobank PO BOX 191009 SAN JUAN, PR 00926 |
* | $ 2,750,773,000 | 38 | $ 5,507,000 |
| Reliable Financial Services PO BOX 21382, MAC F0302-001 SAN JUAN, PR 00928 |
* | $ 481,996,000 | 38 | $ 4,981,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 37 | $ 3,255,000 |
| Golden Mortgage Bankers CALLE BORI 1534 URB. BELISA SAN JUAN, PR 00927 |
* | $ 10,000,000 | 31 | $ 3,682,000 |
| The Mortgage House Inc. 915 ROBERTO SANCHEZ VILELA AVE SAN JUAN, PR 00924 |
* | $ 10,000,000 | 30 | $ 3,110,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ 10,000,000 | 23 | $ 5,017,000 |
| Express Solution Mortgage Corp 1606 PONCE DE LEON AVE. SUITE L-06 SAN JUAN, PR 00909 |
* | $ 15,000,000 | 18 | $ 2,156,000 |
| Mortgage One Group PO BOX 142213 ARECIBO, PR 00614 |
* | $ 10,000,000 | 16 | $ 1,613,000 |
| Aaa Concordia Mortgage Corp RR-37 BOX 1837 SAN JUAN, PR 00926 |
* | $ 10,000,000 | 14 | $ 1,373,000 |
| First Mortgage Capital P.O BOX 550 BAYAMON, PR 00960 |
* | $ 10,000,000 | 13 | $ 2,584,000 |
| First Equity Mortgage Bankers 9300 S DADELAND BLVD SUITE 500 MIAMI, FL 33156 |
* | $ 10,000,000 | 12 | $ 1,563,000 |
| Beewee Mortgage Bankers Corpor PO BOX 16065 SAN JUAN, PR 00908 |
* | $ 10,000,000 | 10 | $ 867,000 |
| Advance Mortgage Bankers, Inc. P.O. BOX 50286 TOA BAJA, PR 00950 |
* | $ 15,555,000 | 10 | $ 1,188,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 9 | $ 966,000 |
| Cooperativa De Ahorro Y Credito Del Bo. Quebrada De Camuy HC 02 BOX 7873 CAMUY, PR 00627 |
* | $ 10,000,000 | 8 | $ 383,000 |
| Cooperativa Ahorro Y Credito A CARR. #2 KM. 142.8 MARGINAL BO. CARACOL ANASCO, PR 00610 |
* | $ 10,000,000 | 8 | $ 559,000 |
| Coop Ahorro Y Credito De Lares AVE.LOS PATRIOTAS C/111 KM 8.3 LARES, PR 00669 |
* | $ 10,000,000 | 8 | $ 620,000 |
| Pentagon Federal Credit Union 14300 SULLYFIELD CIRCLE CHANTILLY, VA 20151 |
* | $ 11,238,962,000 | 8 | $ 1,028,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 1,304,756,000 | 6 | $ 505,000 |
| Multiples Mortgage Corp. 761 AVE. LUIS MUNOZ RIVERA, SAN JUAN, PR 00918 |
* | $ 10,000,000 | 6 | $ 751,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ 10,000,000 | 6 | $ 875,000 |
| Jr Mortgage Home 2979 EMILIO FAGOT AVE. SUITE 1 PONCE, PR 00716 |
* | $ 1,395,899,000 | 5 | $ 379,000 |
| Citifinancial Plus 300 ST. PAUL PLACE BALTIMORE, MD 21202 |
* | $ 279,830,959,000 | 5 | $ 323,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ 10,000,000 | 4 | $ 328,000 |
| Cooperativa De A/C Arecibo PO BOX 1056 ARECIBO, PR 00613 |
* | $ 10,000,000 | 4 | $ 135,000 |
| San Rafael Coop CALLE RAFAEL RODR+¡GUEZ, CANAL 1 URB. AVI QUEBRADILLAS, PR 00678 |
* | $ 137,000,000 | 3 | $ 252,000 |
| Coop Ac De La Industria Biopha VILLA CAROLINA, C9 AVE. ROBERTO CLEMENTE CAROLINA, PR 00985 |
* | $ 10,000,000 | 3 | $ 405,000 |
| World Mortgage Bankers 1108 AVE. ROOSEVELT SAN JUAN, PR 00920 |
* | $ 10,000,000 | 3 | $ 391,000 |
| First Security Mortgage 97 DE DIEGO AVE. SAN JUAN, PR 00929 |
* | $ 10,000,000 | 3 | $ 436,000 |
| Rbs Mortgage Corporation 894-D MUNOZ RIVERA AVE SUITE 106 SAN JUAN, PR 00927 |
* | $ 10,000,000 | 3 | $ 421,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ 10,000,000 | 2 | $ 288,000 |
| Cooperativa De Ahorro Y Crn++Dito Dr. Manuel Zeno Gandn++A PO BOX 1865 ARECIBO, PR 00613 |
* | $ 222,466,000 | 2 | $ 166,000 |
| Cooperativa De Ahorro Y Credito De Camuy 300 AVE. BALTAZAR JIMENEZ MENDEZ CAMUY, PR 00627 |
* | $ 10,000,000 | 1 | $ 32,000 |
| Cooperativa De A/C De Adjuntas 8 PRIMO DELGADO ST ADJUNTAS,PR 00601 00601, PR 00601 |
* | $ 10,000,000 | 1 | $ 65,000 |
| Cooperativa A/C Cabo Rojo PR 100 KM. 7.0 BO.MIRADERO CABO ROJO, PR 00623 |
* | $ 10,000,000 | 1 | $ 131,000 |
| Cooperativa De Ac Hatillo PO BOX 95 HATILLO, PR 00659 |
* | $ 97,971,000 | 1 | $ 350,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VFP CAROLINA, PR 00983 |
* | $ 10,000,000 | 1 | $ 139,000 |
| Merrill Lynch Credit Corp. 4804 DEER LAKE DRIVE EAST BLDG 3 FL 5 JACKSONVILLE, FL 32246 |
* | $ 4,500,000,000 | 1 | $ 525,000 |
| Nfcu 820 FOLLIN LANE VIENNA, VA 22180 |
* | $ 33,011,920,000 | 1 | $ 8,000 |
| First Technology Federal Credit Union HILLSBORO, OR 97124 |
* | $ 2,064,299,000 | 1 | $ 3,000 |
The tables below break down 2008 mortgage applications in Aguadilla-Isabela-San Sebastian, PR metro area 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 | 3,072 | $359,601,000 | $117,000 | $1,250,000 | $57,000 | $4,084,000 |
| Home Improvement | 2,447 | $63,723,000 | $26,000 | $417,000 | $30,000 | $758,000 |
| Refinancing | 2,073 | $246,735,000 | $119,000 | $1,700,000 | $53,000 | $1,089,000 |
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 | 6,885 | $587,424,000 | $85,000 | $1,700,000 | $46,000 | $4,084,000 |
| Not applicable | 525 | $58,381,000 | $111,000 | $1,250,000 | $49,000 | $1,310,000 |
| White | 113 | $18,916,000 | $167,000 | $710,000 | $99,000 | $600,000 |
| Not Provided | 61 | $3,949,000 | $64,000 | $1,600,000 | $24,000 | $118,000 |
| Black or African American | 5 | $784,000 | $156,000 | $261,000 | $116,000 | $157,000 |
| Asian | 3 | $605,000 | $201,000 | $325,000 | $93,000 | $157,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 6,061 | $502,878,000 | $82,000 | $1,700,000 | $50,000 | $4,084,000 |
| FHA-insured (Federal Housing Administration) | 897 | $99,817,000 | $111,000 | $333,000 | $38,000 | $201,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 597 | $61,798,000 | $103,000 | $255,000 | $29,000 | $70,000 |
| VA-guaranteed (Veterans Administration) | 37 | $5,566,000 | $150,000 | $415,000 | $53,000 | $227,000 |
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 | 3,584 | $334,901,000 | $93,000 | $1,211,000 | $50,000 | $1,208,000 |
| Application Denied By Financial Institution | 2,028 | $136,810,000 | $67,000 | $1,700,000 | $36,000 | $600,000 |
| Application Withdrawn By Applicant | 778 | $82,993,000 | $106,000 | $1,250,000 | $50,000 | $1,310,000 |
| Loan Purchased By The Institution | 592 | $63,474,000 | $107,000 | $469,000 | $46,000 | $530,000 |
| Application Approved But Not Accepted | 358 | $27,893,000 | $77,000 | $500,000 | $70,000 | $4,084,000 |
| File Closed For Incompleteness | 252 | $23,988,000 | $95,000 | $596,000 | $56,000 | $758,000 |
| 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 | 271 | $23,317,000 | $86,000 | $1,600,000 | $40,000 | $600,000 |
| Debt-To-Income Ratio | 201 | $17,818,000 | $88,000 | $1,115,000 | $33,000 | $243,000 |
| Collateral | 87 | $10,320,000 | $118,000 | $710,000 | $68,000 | $505,000 |
| Other | 82 | $6,031,000 | $73,000 | $313,000 | $36,000 | $123,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 55 | $3,656,000 | $66,000 | $338,000 | $43,000 | $390,000 |
| Employment History | 26 | $1,781,000 | $68,000 | $178,000 | $22,000 | $68,000 |
| Credit Application Incomplete | 22 | $2,456,000 | $111,000 | $313,000 | $54,000 | $200,000 |
| Unverifiable Information | 13 | $901,000 | $69,000 | $200,000 | $40,000 | $138,000 |
| Mortgage Insurance Denied | 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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