Arecibo, PR Metro Area Mortgage Lenders & HMDA Data, 2017
In 2017, lenders reported 1,822 mortgage applications in Arecibo, PR metro area totaling $122.8 million, down 25% from 2016. The average application was for $67,408, and applicants reported an average income of $38,000. 45% of applications resulted in an originated loan and 35% were denied. The most active lender was Banco Popular, with 566 applications, followed by Oriental Bank and Firstbank.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2003 |
| Total Number of Mortgage Applications | 1,822 |
| Total Mortgage Loan Application Amount | $122,818,000 |
| Average Mortgage Loan Application Amount | $67,408 |
| Highest Mortgage Loan Application Amount | $1,965,000 |
| Average Applicant Income | $38,000 |
| Highest Applicant Income | $1,258,000 |
| 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 |
* | $ 29,700,000,000 | 566 | $ 28,564,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 6,457,746,000 | 444 | $ 12,530,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 11,906,979,000 | 235 | $ 24,606,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 4,231,596,000 | 174 | $ 15,626,000 |
| Cooperativa De Ahorro Y Credito De Camuy 300 AVE. BALTAZAR JIMENEZ MENDEZ CAMUY, PR 00627 |
* | $ -1,000 | 65 | $ 5,758,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ -1,000 | 32 | $ 3,394,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ -1,000 | 30 | $ 2,927,000 |
| Coopaca Mortgage PO BOX 1056 ARECIBO, PR 00613 |
* | $ -1,000 | 28 | $ 2,541,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ -1,000 | 28 | $ 3,081,000 |
| Banco Santander Puerto Rico P O BOX 362589, SAN JUAN, PR 00936 |
* | $ 5,339,217,000 | 25 | $ 1,774,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ -1,000 | 23 | $ 2,288,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ -1,000 | 21 | $ 2,009,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 18 | $ 1,532,000 |
| Pentagon Federal Credit Union OMAHA, NE 68164 |
* | $ 21,301,361,000 | 15 | $ 2,426,000 |
| Cooperativa De Ahorro Y Crn++Dito Dr. Manuel Zeno Gandn++A PO BOX 1865 ARECIBO, PR 00613 |
* | $ -1,000 | 14 | $ 1,679,000 |
| Trust Mortgage Corp. EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS SAN JUAN, PR 00923 |
* | $ -1,000 | 14 | $ 1,113,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ -1,000 | 14 | $ 1,320,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ -1,000 | 13 | $ 1,550,000 |
| Actual Mortgage Bankers PO BOX 2808 BAYAMON, PR 00960 |
* | $ -1,000 | 10 | $ 858,000 |
| Multiples Mortgage Corp. 761 AVE. LUIS MUNOZ RIVERA, SAN JUAN, PR 00918 |
* | $ -1,000 | 8 | $ 757,000 |
| The Lending Center Corporation G-8 ONEILL STREET SAN JUAN, PR 00918 |
* | $ -1,000 | 8 | $ 1,008,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ -1,000 | 6 | $ 498,000 |
| Senior Mortgage Banker 1239 ROOSEVELT AVE SAN JUAN, PR 00920 |
* | $ -1,000 | 5 | $ 710,000 |
| Cooperativa De Ac Manati PO BOX 30562 MANATI, PR 00674 |
* | $ -1,000 | 4 | $ 457,000 |
| Express Solution Mortgage Corp 1606 PONCE DE LEON AVE. SUITE L-06 SAN JUAN, PR 00909 |
* | $ -1,000 | 4 | $ 423,000 |
| First Security Mortgage, Inc. 97 DE DIEGO AVE. SAN FRANCISCO SAN JUAN, PR 00929 |
* | $ -1,000 | 3 | $ 220,000 |
| Caribe Federal Credit Union 195 ONEIL ST SAN JUAN, PR 00918 |
* | $ 336,222,000 | 2 | $ 284,000 |
| Wells Fargo Bank NA MINNEAPOLIS, MN 55415 |
* | $ 1,727,235,000,000 | 2 | $ 2,045,000 |
| Vegacoop APARTADO 1078 VEGA ALTA, PR 00692 |
* | $ -1,000 | 1 | $ 145,000 |
| Cooperativa De A\C Lares CARR 111 KM 3.8 AVE LOS PATRIOTAS LARES, PR 00669 |
* | $ -1,000 | 1 | $ 60,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ -1,000 | 1 | $ 162,000 |
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ -1,000 | 1 | $ 95,000 |
| Latin American Financlal 1700 JESUS T. PINERO AVE 2ND FL STE 26 SAN JUAN, PR 00921 |
* | $ -1,000 | 1 | $ 63,000 |
| San Rafael Coop CALLE RAFAEL RODR+¡GUEZ, CANAL 1 URB. AVI QUEBRADILLAS, PR 00678 |
* | $ -1,000 | 1 | $ 90,000 |
| Midfirst Bank 501 NW GRAND BLVD OKLAHOMA CITY, OK 73118 |
* | $ 13,265,339,000 | 1 | $ 65,000 |
| Citibank, NA NEW YORK, NY 10012 |
* | $ 1,349,581,000,000 | 1 | $ 5,000 |
| Navy Federal Credit Union 820 FOLLIN LANE VIENNA, VA 22180 |
* | $ 79,775,662,000 | 1 | $ 20,000 |
| Cooperativa De Ac Maunabo BOX 127 MAUNABO, PR 00707 |
* | $ -1,000 | 1 | $ 133,000 |
| First Technology Federal Credit Union HILLSBORO, OR 97124 |
* | $ 9,512,407,000 | 1 | $ 2,000 |
The tables below break down 2017 mortgage applications in Arecibo, 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 Arecibo, PR in 2017
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 | 763 | $12,576,000 | $16,000 | $518,000 | $31,000 | $658,000 |
| Home Purchase | 671 | $68,424,000 | $101,000 | $340,000 | $41,000 | $1,258,000 |
| Refinancing | 388 | $41,818,000 | $107,000 | $1,965,000 | $44,000 | $548,000 |
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 | 1,686 | $108,774,000 | $64,000 | $518,000 | $39,000 | $1,258,000 |
| Not applicable | 103 | $12,132,000 | $117,000 | $1,965,000 | $6,000 | $108,000 |
| Not Provided | 19 | $463,000 | $24,000 | $110,000 | $19,000 | $58,000 |
| White | 12 | $1,305,000 | $108,000 | $256,000 | $67,000 | $173,000 |
| Asian | 1 | $57,000 | $57,000 | $57,000 | $13,000 | $13,000 |
| Black or African American | 1 | $87,000 | $87,000 | $87,000 | $32,000 | $32,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 1,094 | $46,116,000 | $42,000 | $518,000 | $39,000 | $658,000 |
| FHA-insured (Federal Housing Administration) | 425 | $44,251,000 | $104,000 | $1,965,000 | $34,000 | $171,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 237 | $24,321,000 | $102,000 | $253,000 | $34,000 | $1,258,000 |
| VA-guaranteed (Veterans Administration) | 66 | $8,130,000 | $123,000 | $274,000 | $41,000 | $131,000 |
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 | 823 | $59,665,000 | $72,000 | $1,965,000 | $43,000 | $1,258,000 |
| Application Denied By Financial Institution | 631 | $31,476,000 | $49,000 | $399,000 | $30,000 | $259,000 |
| Application Withdrawn By Applicant | 106 | $10,368,000 | $97,000 | $420,000 | $46,000 | $480,000 |
| Loan Purchased By The Institution | 102 | $10,167,000 | $99,000 | $279,000 | $6,000 | $108,000 |
| Application Approved But Not Accepted | 98 | $3,603,000 | $36,000 | $156,000 | $41,000 | $248,000 |
| File Closed For Incompleteness | 62 | $7,539,000 | $121,000 | $518,000 | $66,000 | $658,000 |
| 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 | 40 | $3,563,000 | $89,000 | $162,000 | $41,000 | $116,000 |
| Collateral | 28 | $3,064,000 | $109,000 | $276,000 | $36,000 | $80,000 |
| Other | 20 | $1,963,000 | $98,000 | $165,000 | $40,000 | $98,000 |
| Debt-To-Income Ratio | 20 | $2,570,000 | $128,000 | $399,000 | $35,000 | $106,000 |
| Unverifiable Information | 4 | $404,000 | $101,000 | $136,000 | $48,000 | $85,000 |
| Employment History | 2 | $137,000 | $68,000 | $74,000 | $22,000 | $29,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $233,000 | $116,000 | $117,000 | $35,000 | $47,000 |
| Credit Application Incomplete | 1 | $140,000 | $140,000 | $140,000 | $45,000 | $45,000 |
| 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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