Arecibo, PR Metro Area Mortgage Lenders & HMDA Data, 2020
In 2020, lenders reported 1,592 mortgage applications in Arecibo, PR metro area totaling $176.5 million, up 44% from 2019. The average application was for $110,854, and applicants reported an average income of $53,000. 38% of applications resulted in an originated loan and 11% were denied. The most active lender was Banco Popular, with 614 applications, followed by Firstbank and Oriental Bank.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2003 |
| Total Number of Mortgage Applications | 1,592 |
| Total Mortgage Loan Application Amount | $176,480,000 |
| Average Mortgage Loan Application Amount | $110,854 |
| Highest Mortgage Loan Application Amount | $515,000 |
| Average Applicant Income | $53,000 |
| Highest Applicant Income | $647,000 |
| 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 |
* | $ 41,627,000,000 | 614 | $ 65,400,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 12,597,360,000 | 245 | $ 29,285,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 9,253,736,000 | 116 | $ 12,740,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ -1,000 | 70 | $ 8,020,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ -1,000 | 64 | $ 8,980,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 60 | $ 7,030,000 |
| Cooperativa De A/C Camuy AVE. BALTAZAR JIMÉNEZ MÉNDEZ #300 CAMUY, PR 00627 |
* | $ -1,000 | 57 | $ 5,925,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ -1,000 | 49 | $ 6,145,000 |
| Pentagon Federal Credit Union OMAHA, NE 68164 |
* | $ 24,774,361,000 | 39 | $ 4,105,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ -1,000 | 34 | $ 3,280,000 |
| Coopaca Mortgage PO BOX 1056 ARECIBO, PR 00613 |
* | $ -1,000 | 26 | $ 2,800,000 |
| Coop. De A/C La Puertorrique+¦A AVE. ANA G. MÉNDEZ, 9729 PR-176 KM 1.1 SAN JUAN, PR 00921 |
* | $ -1,000 | 21 | $ 2,185,000 |
| Capital Mortgage 206 ELEANOR ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 21 | $ 2,615,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ -1,000 | 16 | $ 2,090,000 |
| Trust Mortgage Corp. EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS SAN JUAN, PR 00923 |
* | $ -1,000 | 14 | $ 1,770,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ -1,000 | 14 | $ 1,700,000 |
| Senior Mortgage Banker 1239 ROOSEVELT AVE SAN JUAN, PR 00920 |
* | $ -1,000 | 13 | $ 1,325,000 |
| Cooperativa De Ahorro Y Crn++Dito Dr. Manuel Zeno Gandn++A PO BOX 1865 ARECIBO, PR 00613 |
* | $ -1,000 | 12 | $ 1,020,000 |
| San Rafael Coop CALLE RAFAEL RODR+¡GUEZ, CANAL 1 URB. AVI QUEBRADILLAS, PR 00678 |
* | $ -1,000 | 11 | $ 665,000 |
| Actual Mortgage Bankers PO BOX 2808 BAYAMON, PR 00960 |
* | $ -1,000 | 10 | $ 880,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ -1,000 | 10 | $ 990,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ -1,000 | 10 | $ 990,000 |
| Cooperativa De A/C Isabela 21 CALLE BARBOSA SUITE 1 ISABELA, PR 00662 |
* | $ -1,000 | 9 | $ 925,000 |
| Cooperativa De Ahorro Y Credito Del Bo. Quebrada De Camuy HC 02 BOX 7873 CAMUY, PR 00627 |
* | $ -1,000 | 9 | $ 615,000 |
| Multiples Mortgage Corp. 761 AVE. LUIS MUNOZ RIVERA, SAN JUAN, PR 00918 |
* | $ -1,000 | 7 | $ 785,000 |
| Calcon Mutual Mortgage LLC 3131 CAMINO DEL RIO N SUITE 1680 SAN DIEGO, CA 92108 |
* | $ -1,000 | 7 | $ 1,045,000 |
| Planet Home Lending, LLC 321 RESEARCH PARKWAY SUITE 303 MERIDEN, CT 06450 |
* | $ -1,000 | 5 | $ 575,000 |
| Cooperativa De A\C Lares CARR 111 KM 3.8 AVE LOS PATRIOTAS LARES, PR 00669 |
* | $ -1,000 | 5 | $ 595,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ -1,000 | 4 | $ 350,000 |
| Banco Santander Puerto Rico P O BOX 362589, SAN JUAN, PR 00936 |
* | $ 6,005,654,000 | 4 | $ 340,000 |
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ -1,000 | 3 | $ 205,000 |
| Latin American Financlal 1700 JESUS T. PINERO AVE 2ND FL STE 26 SAN JUAN, PR 00921 |
* | $ -1,000 | 3 | $ 235,000 |
| Vegacoop APARTADO 1078 VEGA ALTA, PR 00692 |
* | $ -1,000 | 3 | $ 255,000 |
| Everbank N.A. 501 RIVERSIDE AVENUE JACKSONVILLE, FL 32202 |
* | $ 41,950,721,000 | 2 | $ 210,000 |
| Caribe Federal Credit Union 195 ONEIL ST SAN JUAN, PR 00918 |
* | $ 422,363,000 | 1 | $ 85,000 |
| Cooperativa A/C Cabo Rojo PR 100 KM. 7.0 BO.MIRADERO CABO ROJO, PR 00623 |
* | $ -1,000 | 1 | $ 175,000 |
| Caguas Coop AVE JOSE GAUTIER BENITEZ, CARR 1 KM 37.5 CAGUAS, PR 00726 |
* | $ -1,000 | 1 | $ 25,000 |
| US Bank, N.A. 425 WALNUT STREET CINCINNATI, OH 45202 |
* | $ 486,004,220,000 | 1 | $ 25,000 |
| The Lending Center Corporation G-8 ONEILL STREET SAN JUAN, PR 00918 |
* | $ -1,000 | 1 | $ 95,000 |
The tables below break down 2020 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 2020
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 | 1,024 | $113,110,000 | $110,000 | $515,000 | $50,000 | $599,000 |
| Refinancing | 254 | $29,150,000 | $114,000 | $275,000 | $56,000 | $384,000 |
| Cash-out Refinancing | 179 | $20,755,000 | $115,000 | $385,000 | $62,000 | $647,000 |
| Not Applicable | 86 | $8,870,000 | $103,000 | $305,000 | $0 | $0 |
| Other Purpose | 35 | $3,055,000 | $87,000 | $205,000 | $42,000 | $105,000 |
| Home Improvement | 14 | $1,540,000 | $110,000 | $215,000 | $540,000 | $540,000 |
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 | 958 | $108,980,000 | $113,000 | $515,000 | $52,000 | $647,000 |
| Not applicable | 579 | $60,985,000 | $105,000 | $305,000 | $0 | $0 |
| White | 41 | $4,735,000 | $115,000 | $245,000 | $73,000 | $599,000 |
| Not Provided | 9 | $965,000 | $107,000 | $165,000 | $38,000 | $77,000 |
| Black or African American | 5 | $815,000 | $163,000 | $285,000 | $113,000 | $237,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 631 | $68,375,000 | $108,000 | $515,000 | $45,000 | $217,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 453 | $47,665,000 | $105,000 | $455,000 | $70,000 | $647,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 409 | $45,655,000 | $111,000 | $245,000 | $35,000 | $79,000 |
| VA-guaranteed (Veterans Administration) | 99 | $14,785,000 | $149,000 | $265,000 | $58,000 | $182,000 |
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 | 610 | $69,820,000 | $114,000 | $455,000 | $49,000 | $552,000 |
| Loan Purchased By The Institution | 578 | $60,800,000 | $105,000 | $305,000 | $0 | $0 |
| Application Denied By Financial Institution | 175 | $18,405,000 | $105,000 | $335,000 | $50,000 | $599,000 |
| Application Withdrawn By Applicant | 134 | $16,240,000 | $121,000 | $515,000 | $68,000 | $540,000 |
| File Closed For Incompleteness | 49 | $6,285,000 | $128,000 | $435,000 | $67,000 | $290,000 |
| Application Approved But Not Accepted | 46 | $4,930,000 | $107,000 | $325,000 | $61,000 | $647,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,399 | $156,635,000 | $111,000 | $515,000 | $54,000 | $647,000 |
| Collateral | 72 | $7,070,000 | $98,000 | $215,000 | $48,000 | $384,000 |
| Debt-To-Income Ratio | 49 | $4,765,000 | $97,000 | $225,000 | $42,000 | $172,000 |
| Credit History | 36 | $3,900,000 | $108,000 | $335,000 | $51,000 | $181,000 |
| Other | 18 | $2,170,000 | $120,000 | $245,000 | $83,000 | $599,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $795,000 | $88,000 | $155,000 | $34,000 | $71,000 |
| Employment History | 4 | $510,000 | $127,000 | $195,000 | $36,000 | $60,000 |
| Credit Application Incomplete | 3 | $545,000 | $181,000 | $335,000 | $67,000 | $120,000 |
| Unverifiable Information | 2 | $90,000 | $45,000 | $65,000 | $31,000 | $40,000 |
| 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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