Barceloneta Municipio, PR Mortgage Lenders & HMDA Data, 2007

In 2007, lenders reported 878 mortgage applications in Barceloneta Municipio, PR totaling $64.3 million, down 11% from 2006. The average application was for $73,000, and applicants reported an average income of $34,000. 38% of applications resulted in an originated loan and 28% were denied. The most active lender was Banco Popular De Puerto Rico, with 135 applications, followed by R & G Mortgage Corporation and Popular Mortgage, Inc..

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Total Number of Mortgage Applications 878
Total Mortgage Loan Application Amount $64,304,000
Average Mortgage Loan Application Amount $73,000
Highest Mortgage Loan Application Amount $306,000
Average Applicant Income $34,000
Highest Applicant Income $227,000
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Top Mortgage Lenders in Barceloneta Municipio, PR (2007)

Ranked by the number of mortgage applications each lender reported in Barceloneta Municipio, PR in 2007.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Banco Popular De Puerto Rico
San Juan, PR
135 $1,452,000 $10,000 $27,000
2 R & G Mortgage Corporation
San Juan, PR
127 $11,099,000 $87,000 $34,000
3 Popular Mortgage, Inc.
San Juan, PR
107 $11,068,000 $103,000 $25,000
4 R-G Premier Bank of P.R.
Guaynabo, PR
69 $4,906,000 $71,000 $45,000
5 Doral Mortgage LLC
San Juan, PR
55 $4,944,000 $89,000 $41,000
6 Citimortgage, Inc
New York, NY
47 $3,676,000 $78,000 $33,000
7 Doral Bank
San Juan, PR
40 $2,084,000 $52,000 $23,000
8 Citibank, N.A.
New York, NY
35 $294,000 $8,000 $16,000
9 Citifinancial
Baltimore, MD
28 $1,449,000 $51,000 $21,000
10 Firstbank Puerto Rico
Santurce, PR
27 $3,160,000 $117,000 $43,000

See every lender active in Barceloneta Municipio, PR in 2007 »

The tables below break down 2007 mortgage applications in Barceloneta 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 Barceloneta Municipio, PR in 2007

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 347 $36,358,000 $104,000 $306,000 $37,000 $221,000
Home Improvement 277 $6,292,000 $22,000 $197,000 $27,000 $143,000
Refinancing 254 $21,654,000 $85,000 $203,000 $36,000 $227,000

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 $51,557,000 $71,000 $306,000 $36,000 $227,000
Not applicable 134 $11,926,000 $89,000 $189,000 $22,000 $171,000
Not Provided 15 $191,000 $12,000 $40,000 $33,000 $95,000
White 7 $630,000 $90,000 $192,000 $34,000 $78,000
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) 723 $45,409,000 $62,000 $306,000 $34,000 $227,000
FHA-insured (Federal Housing Administration) 90 $10,351,000 $115,000 $192,000 $34,000 $102,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 63 $8,415,000 $133,000 $208,000 $33,000 $76,000
VA-guaranteed (Veterans Administration) 2 $129,000 $64,000 $117,000 $29,000 $39,000

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 335 $25,344,000 $75,000 $306,000 $37,000 $218,000
Application Denied By Financial Institution 243 $13,166,000 $54,000 $203,000 $31,000 $227,000
Loan Purchased By The Institution 142 $12,754,000 $89,000 $189,000 $23,000 $171,000
Application Withdrawn By Applicant 82 $7,448,000 $90,000 $197,000 $46,000 $221,000
File Closed For Incompleteness 49 $3,681,000 $75,000 $198,000 $31,000 $130,000
Application Approved But Not Accepted 27 $1,911,000 $70,000 $196,000 $38,000 $134,000
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 50 $2,900,000 $58,000 $192,000 $32,000 $102,000
Debt-To-Income Ratio 22 $1,509,000 $68,000 $194,000 $30,000 $56,000
Other 9 $562,000 $62,000 $105,000 $30,000 $101,000
Collateral 5 $362,000 $72,000 $128,000 $29,000 $39,000
Credit Application Incomplete 3 $312,000 $104,000 $110,000 $35,000 $44,000
Employment History 2 $131,000 $65,000 $128,000 $20,000 $28,000
Unverifiable Information 1 $8,000 $8,000 $8,000 $16,000 $16,000
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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