Aibonito Municipio, PR Mortgage Lenders & HMDA Data, 2006

In 2006, lenders reported 807 mortgage applications in Aibonito Municipio, PR totaling $66.8 million, down 14% from 2005. The average application was for $82,000, and applicants reported an average income of $39,000. 44% of applications resulted in an originated loan and 22% were denied. The most active lender was Banco Popular De Puerto Rico, with 106 applications, followed by R & G Mortgage Corporation and Popular Mortgage, Inc..

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Total Number of Mortgage Applications 807
Total Mortgage Loan Application Amount $66,834,000
Average Mortgage Loan Application Amount $82,000
Highest Mortgage Loan Application Amount $460,000
Average Applicant Income $39,000
Highest Applicant Income $826,000
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Top Mortgage Lenders in Aibonito Municipio, PR (2006)

Ranked by the number of mortgage applications each lender reported in Aibonito Municipio, PR in 2006.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Banco Popular De Puerto Rico
San Juan, PR
106 $2,553,000 $24,000 $34,000
2 R & G Mortgage Corporation
San Juan, PR
104 $10,760,000 $103,000 $40,000
3 Popular Mortgage, Inc.
San Juan, PR
78 $9,239,000 $118,000 $37,000
4 Doral Mortgage Corp.
San Juan, PR
73 $5,809,000 $79,000 $40,000
5 R-G Premier Bank of P.R.
Guaynabo, PR
53 $5,518,000 $104,000 $48,000
6 Hf Mortgage Bankers
1451 Roosevelt Ave S.J., PR
46 $4,503,000 $97,000 $21,000
7 Citifinancial
Baltimore, MD
41 $2,085,000 $50,000 $25,000
8 Cooperativa De A\C Aibonite+¦A
Aibonito, PR
38 $3,923,000 $103,000 $52,000
9 Banco Santander
San Juan, PR
26 $1,265,000 $48,000 $41,000
10 Oriental Bank
San Juan, PR
26 $2,158,000 $83,000 $21,000

See every lender active in Aibonito Municipio, PR in 2006 »

The tables below break down 2006 mortgage applications in Aibonito 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 Aibonito Municipio, PR in 2006

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 342 $32,264,000 $94,000 $460,000 $40,000 $273,000
Home Purchase 246 $27,470,000 $111,000 $331,000 $41,000 $457,000
Home Improvement 219 $7,100,000 $32,000 $269,000 $33,000 $826,000

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 722 $58,523,000 $81,000 $460,000 $41,000 $826,000
Not applicable 69 $6,738,000 $97,000 $261,000 $11,000 $117,000
Not Provided 12 $1,027,000 $85,000 $213,000 $37,000 $64,000
White 4 $546,000 $136,000 $175,000 $48,000 $76,000
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) 731 $58,489,000 $80,000 $460,000 $39,000 $826,000
FHA-insured (Federal Housing Administration) 43 $4,542,000 $105,000 $174,000 $33,000 $78,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 31 $3,571,000 $115,000 $166,000 $32,000 $58,000
VA-guaranteed (Veterans Administration) 2 $232,000 $116,000 $123,000 $38,000 $54,000

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 355 $30,637,000 $86,000 $331,000 $42,000 $273,000
Application Denied By Financial Institution 178 $10,153,000 $57,000 $327,000 $33,000 $191,000
Application Withdrawn By Applicant 121 $12,511,000 $103,000 $460,000 $45,000 $457,000
Loan Purchased By The Institution 87 $8,537,000 $98,000 $261,000 $18,000 $117,000
File Closed For Incompleteness 35 $2,897,000 $82,000 $331,000 $33,000 $80,000
Application Approved But Not Accepted 31 $2,099,000 $67,000 $140,000 $65,000 $826,000
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 17 $679,000 $39,000 $200,000 $30,000 $102,000
Debt-To-Income Ratio 12 $499,000 $41,000 $269,000 $28,000 $96,000
Collateral 3 $434,000 $144,000 $216,000 $36,000 $61,000
Credit Application Incomplete 2 $185,000 $92,000 $99,000 $46,000 $64,000
Unverifiable Information 2 $45,000 $22,000 $30,000 $43,000 $72,000
Other 1 $10,000 $10,000 $10,000 $7,000 $7,000
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

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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