Aguadilla, PR Metro Area Mortgage Lenders & HMDA Data, 2003
In 2003, lenders reported 4,697 mortgage applications in Aguadilla, PR metro area totaling $274.0 million. The average application was for $58,325, and applicants reported an average income of $41,000. 48% of applications resulted in an originated loan and 28% were denied. The most active lender was Banco Popular De Puerto Rico, with 1,314 applications, followed by Popular Mortgage, Inc. and R-G Premier Bank of P.R..
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| Years | 2003 |
| Total Number of Mortgage Applications | 4,697 |
| Total Mortgage Loan Application Amount | $273,956,000 |
| Average Mortgage Loan Application Amount | $58,325 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $41,000 |
| Highest Applicant Income | $1,388,000 |
Top Mortgage Lenders in Aguadilla, PR Metro Area (2003)
Ranked by the number of mortgage applications each lender reported in Aguadilla, PR metro area in 2003.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Banco Popular De Puerto Rico San Juan, PR |
1,314 | $19,895,000 | $15,000 | $24,000 |
| 2 | Popular Mortgage, Inc. San Juan, PR |
460 | $46,263,000 | $100,000 | $43,000 |
| 3 | R-G Premier Bank of P.R. Guaynabo, PR |
379 | $26,225,000 | $69,000 | $40,000 |
| 4 | Banco Santander San Juan, PR |
374 | $14,464,000 | $38,000 | $21,000 |
| 5 | Westernbak Puerto Rico Mayaguez, PR |
352 | $14,933,000 | $42,000 | $33,000 |
| 6 | Doral Mortgage Corp. 1451 Roosevelt Ave S.J., PR |
285 | $25,789,000 | $90,000 | $42,000 |
| 7 | R & G Mortgage Corporation San Juan, PR |
284 | $23,356,000 | $82,000 | $36,000 |
| 8 | Associates International Hold Long Island City, NY |
165 | $4,759,000 | $28,000 | $31,000 |
| 9 | Firstbank Puerto Rico Santurce, PR |
152 | $13,040,000 | $85,000 | $37,000 |
| 10 | Hf Mortgage Bankers San Juan, PR |
115 | $9,940,000 | $86,000 | $39,000 |
See every lender active in Aguadilla, PR metro area in 2003 »
The tables below break down 2003 mortgage applications in Aguadilla, PR metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Aguadilla, PR in 2003
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 Improvement (one-to-four family) | 2,011 | $26,656,000 | $13,000 | $350,000 | $27,000 | $840,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 1,793 | $161,801,000 | $90,000 | $1,500,000 | $43,000 | $1,388,000 |
| Home Purchase (one-to-four family) | 893 | $85,499,000 | $95,000 | $696,000 | $45,000 | $922,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 4,037 | $237,627,000 | $58,000 | $1,500,000 | $43,000 | $1,388,000 |
| Information not provided by applicant in mail or telephone application | 334 | $7,358,000 | $22,000 | $240,000 | $35,000 | $282,000 |
| Not applicable | 268 | $26,444,000 | $98,000 | $696,000 | $16,000 | $326,000 |
| White | 52 | $2,279,000 | $43,000 | $360,000 | $49,000 | $156,000 |
| Black | 3 | $70,000 | $23,000 | $50,000 | $18,000 | $30,000 |
| American Indian or Alaskan Native | 1 | $30,000 | $30,000 | $30,000 | $9,000 | $9,000 |
| Asian or Pacific Islander | 1 | $65,000 | $65,000 | $65,000 | $53,000 | $53,000 |
| Other | 1 | $83,000 | $83,000 | $83,000 | $44,000 | $44,000 |
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) | 4,435 | $251,829,000 | $56,000 | $1,500,000 | $43,000 | $1,388,000 |
| FHA-insured (Federal Housing Administration) | 207 | $16,551,000 | $79,000 | $157,000 | $32,000 | $158,000 |
| VA-guaranteed (Veterans Administration) | 34 | $3,791,000 | $111,000 | $220,000 | $43,000 | $80,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 21 | $1,785,000 | $85,000 | $125,000 | $30,000 | $53,000 |
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 | 2,238 | $143,045,000 | $63,000 | $620,000 | $46,000 | $968,000 |
| Application Denied By Financial Institution | 1,297 | $37,925,000 | $29,000 | $1,500,000 | $39,000 | $840,000 |
| Application Withdrawn By Applicant | 379 | $29,195,000 | $77,000 | $415,000 | $44,000 | $327,000 |
| Loan Purchased By The Institution | 371 | $35,227,000 | $94,000 | $696,000 | $21,000 | $1,388,000 |
| Application Approved But Not Accepted | 218 | $11,552,000 | $52,000 | $325,000 | $38,000 | $542,000 |
| File Closed For Incompleteness | 194 | $17,012,000 | $87,000 | $350,000 | $43,000 | $180,000 |
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 | 182 | $7,767,000 | $42,000 | $1,400,000 | $51,000 | $636,000 |
| Debt-To-Income Ratio | 129 | $3,617,000 | $28,000 | $185,000 | $30,000 | $110,000 |
| Other | 55 | $3,586,000 | $65,000 | $1,500,000 | $46,000 | $388,000 |
| Collateral | 39 | $2,781,000 | $71,000 | $1,000,000 | $64,000 | $350,000 |
| Credit Application Incomplete | 19 | $1,119,000 | $58,000 | $130,000 | $32,000 | $65,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $426,000 | $35,000 | $89,000 | $31,000 | $64,000 |
| Employment History | 6 | $208,000 | $34,000 | $85,000 | $24,000 | $55,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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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