Barranquitas Municipio, PR Mortgage Lenders & HMDA Data, 2020

In 2020, lenders reported 128 mortgage applications in Barranquitas Municipio, PR totaling $14.1 million, up 38% from 2019. The average application was for $110,000, and applicants reported an average income of $48,000. 40% of applications resulted in an originated loan and 10% were denied. The most active lender was Banco Popular, with 52 applications, followed by Home Mortgage Bankers and Oriental Bank.

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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 128
Total Mortgage Loan Application Amount $14,080,000
Average Mortgage Loan Application Amount $110,000
Highest Mortgage Loan Application Amount $405,000
Average Applicant Income $48,000
Highest Applicant Income $247,000
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Top Mortgage Lenders in Barranquitas Municipio, PR (2020)

Ranked by the number of mortgage applications each lender reported in Barranquitas Municipio, PR in 2020.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Banco Popular
San Juan, PR
52 $6,210,000 $119,000 $82,000
2 Home Mortgage Bankers
Carolina, PR
16 $1,300,000 $81,000 $23,000
3 Oriental Bank
San Juan, PR
12 $1,320,000 $110,000 $54,000
4 First Equity Mortgage Bankers Inc.
Miami, FL
6 $550,000 $91,000 $23,000
5 Metro Island Mortgage
Rio Piedras, PR
6 $490,000 $81,000 $95,000
6 The Moneyhouse Inc.
San Juan, PR
6 $510,000 $85,000 $0
7 Firstbank
San Juan, PR
6 $640,000 $106,000 $42,000
8 Multiples Mortgage Corp.
San Juan, PR
4 $420,000 $105,000 $29,000
9 Capital Mortgage
San Juan, PR
3 $365,000 $121,000 $45,000
10 Senior Mortgage Banker
San Juan, PR
2 $150,000 $75,000 $37,000

See every lender active in Barranquitas Municipio, PR in 2020 »

The tables below break down 2020 mortgage applications in Barranquitas 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 Barranquitas Municipio, 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 87 $9,145,000 $105,000 $225,000 $42,000 $247,000
Refinancing 18 $2,070,000 $115,000 $225,000 $58,000 $103,000
Cash-out Refinancing 12 $1,980,000 $165,000 $405,000 $80,000 $143,000
Not Applicable 6 $510,000 $85,000 $115,000 $0 $0
Other Purpose 3 $155,000 $51,000 $65,000 $78,000 $117,000
Home Improvement 2 $220,000 $110,000 $115,000 $0 $0

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 79 $8,465,000 $107,000 $405,000 $48,000 $247,000
Not applicable 48 $5,460,000 $113,000 $225,000 $0 $0
White 1 $155,000 $155,000 $155,000 $49,000 $49,000
Not Provided 0 $0 $0 $0 $0 $0
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
FSA/RHS (Farm Service Agency or Rural Housing Service) 50 $5,280,000 $105,000 $225,000 $32,000 $61,000
FHA-insured (Federal Housing Administration) 39 $4,055,000 $103,000 $205,000 $33,000 $81,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 31 $3,375,000 $108,000 $405,000 $82,000 $247,000
VA-guaranteed (Veterans Administration) 8 $1,370,000 $171,000 $225,000 $76,000 $139,000

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 51 $5,325,000 $104,000 $175,000 $48,000 $247,000
Loan Purchased By The Institution 48 $5,460,000 $113,000 $225,000 $0 $0
Application Denied By Financial Institution 13 $1,985,000 $152,000 $405,000 $56,000 $143,000
Application Withdrawn By Applicant 12 $1,020,000 $85,000 $175,000 $25,000 $78,000
File Closed For Incompleteness 2 $130,000 $65,000 $65,000 $108,000 $167,000
Application Approved But Not Accepted 2 $160,000 $80,000 $125,000 $85,000 $117,000
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 115 $12,095,000 $105,000 $225,000 $47,000 $247,000
Collateral 5 $655,000 $131,000 $205,000 $70,000 $143,000
Credit History 2 $320,000 $160,000 $185,000 $49,000 $57,000
Other 2 $210,000 $105,000 $125,000 $54,000 $81,000
Employment History 2 $310,000 $155,000 $175,000 $51,000 $61,000
Unverifiable Information 1 $85,000 $85,000 $85,000 $29,000 $29,000
Debt-To-Income Ratio 1 $405,000 $405,000 $405,000 $40,000 $40,000
Credit Application Incomplete 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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