Arecibo Municipio, PR Mortgage Lenders & HMDA Data, 2012
In 2012, lenders reported 1,818 mortgage applications in Arecibo Municipio, PR totaling $152.4 million, down 5% from 2011. The average application was for $83,000, and applicants reported an average income of $34,000. 44% of applications resulted in an originated loan and 25% were denied. The most active lender was Banco Popular, with 706 applications, followed by Scotiabank De Puerto Rico and Firstbank.
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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 2003 |
| Total Number of Mortgage Applications | 1,818 |
| Total Mortgage Loan Application Amount | $152,448,000 |
| Average Mortgage Loan Application Amount | $83,000 |
| Highest Mortgage Loan Application Amount | $605,000 |
| Average Applicant Income | $34,000 |
| Highest Applicant Income | $720,000 |
| 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 |
* | $ 27,941,000,000 | 706 | $ 42,914,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 6,740,450,000 | 208 | $ 20,398,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 13,111,660,000 | 152 | $ 14,485,000 |
| Doral Mortgage LLC DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV SAN JUAN, PR 00921 |
* | $ 11,855,073,000 | 103 | $ 9,372,000 |
| Doral Bank 268 PONCE DE LEON SUITE 910 SAN JUAN, PR 00918 |
* | $ 7,241,449,000 | 82 | $ 7,591,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 79 | $ 8,284,000 |
| Banco Bilbao Vizcaya Argentari 254 MU?OZ RIVERA AVE., SAN JUAN, PR 00936 |
* | $ 5,016,217,000 | 58 | $ 7,905,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 6,642,161,000 | 51 | $ 5,024,000 |
| Banco Santander Puerto Rico P O BOX 362589, SAN JUAN, PR 00936 |
* | $ 6,587,459,000 | 44 | $ 3,540,000 |
| Cooperativa De A/C Arecibo PO BOX 1056 ARECIBO, PR 00613 |
* | $ 10,000,000 | 37 | $ 3,766,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 35 | $ 3,122,000 |
| Finance of America Reverse LLC 8023 EAST 63RD PLACE, SUITE 700 TULSA, OK 74133 |
* | $ 3,125,000 | 35 | $ 2,859,000 |
| Senior Mortgage Banker 1239 ROOSEVELT AVE SAN JUAN, PR 00920 |
* | $ 0 | 28 | $ 2,512,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ 10,000,000 | 26 | $ 2,776,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ 789,772,000 | 20 | $ 1,890,000 |
| Santander Financial Services P.O. BOX 71504 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 16 | $ 916,000 |
| Trust Mortgage Corp. EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS SAN JUAN, PR 00923 |
* | $ 279,615,000 | 15 | $ 1,357,000 |
| The Lending Center Corporation G-8 ONEILL STREET SAN JUAN, PR 00918 |
* | $ 525,000 | 13 | $ 1,328,000 |
| Cooperativa De Ahorro Y Crn++Dito Dr. Manuel Zeno Gandn++A PO BOX 1865 ARECIBO, PR 00613 |
* | $ 222,466,000 | 12 | $ 922,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 12 | $ 2,246,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ 10,000,000 | 11 | $ 1,019,000 |
| Rbs Mortgage Corporation 894-D MUNOZ RIVERA AVE SUITE 106 SAN JUAN, PR 00927 |
* | $ 10,000,000 | 10 | $ 1,487,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ 10,000,000 | 8 | $ 815,000 |
| Generation Mortgage Company 3565 PIEDMONT ROAD, NE STE. 300 ATLANTA, GA 30305 |
* | $ 73,926,000 | 7 | $ 519,000 |
| Cooperativa De A/C Isabela 21 CALLE BARBOSA SUITE 1 ISABELA, PR 00662 |
* | $ 10,000,000 | 6 | $ 747,000 |
| Advance Mortgage Bankers, Inc. P.O. BOX 50286 TOA BAJA, PR 00950 |
* | $ 15,555,000 | 6 | $ 514,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ 10,000,000 | 5 | $ 429,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ 10,000,000 | 5 | $ 545,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ 10,000,000 | 5 | $ 656,000 |
| Aeela Mortgage PO BOX 71502 SAN JUAN, PR 00936 |
* | $ 1,000,000,000 | 4 | $ 416,000 |
| Aaa Concordia Mortgage Corp RR-37 BOX 1837 SAN JUAN, PR 00926 |
* | $ 10,000,000 | 4 | $ 442,000 |
| Multiples Mortgage Corp. 761 AVE. LUIS MUNOZ RIVERA, SAN JUAN, PR 00918 |
* | $ 10,000,000 | 3 | $ 212,000 |
| First Security Mortgage, Inc. 97 DE DIEGO AVE. SAN FRANCISCO SAN JUAN, PR 00929 |
* | $ 10,000,000 | 2 | $ 223,000 |
| Pentagon Federal Credit Union OMAHA, NE 68164 |
* | $ 15,056,671,000 | 2 | $ 149,000 |
| Caribe Federal Credit Union 195 ONEIL ST SAN JUAN, PR 00918 |
* | $ 225,810,000 | 2 | $ 192,000 |
| Express Solution Mortgage Corp 1606 PONCE DE LEON AVE. SUITE L-06 SAN JUAN, PR 00909 |
* | $ 15,000,000 | 1 | $ 64,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ 10,000,000 | 1 | $ 181,000 |
| Actual Mortgage Bankers PO BOX 2808 BAYAMON, PR 00960 |
* | $ 10,000,000 | 1 | $ 95,000 |
| Vegacoop APARTADO 1078 VEGA ALTA, PR 00692 |
* | $ 262,934,000 | 1 | $ 104,000 |
| Cooperativa De Ahorro Y Credito De Camuy 300 AVE. BALTAZAR JIMENEZ MENDEZ CAMUY, PR 00627 |
* | $ 10,000,000 | 1 | $ 279,000 |
| Cooperativa De Ac Las Piedras APARTADO 414 LAS PIEDRAS, PR 00771 |
* | $ 10,000,000 | 1 | $ 153,000 |
The tables below break down 2012 mortgage applications in Arecibo 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 Arecibo Municipio, PR in 2012
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 | 798 | $83,148,000 | $104,000 | $605,000 | $38,000 | $720,000 |
| Home Purchase | 588 | $60,050,000 | $102,000 | $382,000 | $34,000 | $242,000 |
| Home Improvement | 432 | $9,250,000 | $21,000 | $417,000 | $28,000 | $205,000 |
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 | 1,631 | $134,823,000 | $82,000 | $605,000 | $36,000 | $720,000 |
| Not applicable | 169 | $16,645,000 | $98,000 | $382,000 | $19,000 | $220,000 |
| Not Provided | 9 | $71,000 | $7,000 | $15,000 | $15,000 | $29,000 |
| White | 7 | $793,000 | $113,000 | $172,000 | $54,000 | $132,000 |
| Black or African American | 1 | $28,000 | $28,000 | $28,000 | $72,000 | $72,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $88,000 | $88,000 | $88,000 | $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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,014 | $71,379,000 | $70,000 | $605,000 | $42,000 | $720,000 |
| FHA-insured (Federal Housing Administration) | 577 | $55,180,000 | $95,000 | $472,000 | $22,000 | $156,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 180 | $19,528,000 | $108,000 | $211,000 | $28,000 | $71,000 |
| VA-guaranteed (Veterans Administration) | 47 | $6,361,000 | $135,000 | $288,000 | $38,000 | $133,000 |
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 | 807 | $67,658,000 | $83,000 | $605,000 | $37,000 | $300,000 |
| Application Denied By Financial Institution | 458 | $30,390,000 | $66,000 | $472,000 | $31,000 | $205,000 |
| Loan Purchased By The Institution | 264 | $24,948,000 | $94,000 | $382,000 | $21,000 | $220,000 |
| Application Withdrawn By Applicant | 149 | $16,809,000 | $112,000 | $414,000 | $44,000 | $350,000 |
| File Closed For Incompleteness | 84 | $8,249,000 | $98,000 | $417,000 | $51,000 | $720,000 |
| Application Approved But Not Accepted | 56 | $4,394,000 | $78,000 | $282,000 | $34,000 | $109,000 |
| 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 | 37 | $3,325,000 | $89,000 | $204,000 | $35,000 | $110,000 |
| Collateral | 26 | $2,757,000 | $106,000 | $337,000 | $25,000 | $87,000 |
| Other | 14 | $1,602,000 | $114,000 | $320,000 | $36,000 | $202,000 |
| Debt-To-Income Ratio | 10 | $942,000 | $94,000 | $141,000 | $21,000 | $42,000 |
| Unverifiable Information | 5 | $761,000 | $152,000 | $320,000 | $71,000 | $155,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $629,000 | $157,000 | $288,000 | $16,000 | $27,000 |
| Credit Application Incomplete | 4 | $382,000 | $95,000 | $150,000 | $45,000 | $120,000 |
| Employment History | 3 | $291,000 | $97,000 | $122,000 | $30,000 | $44,000 |
| 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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