Bayamon Municipio, PR Mortgage Lenders & HMDA Data, 2011

In 2011, lenders reported 6,115 mortgage applications in Bayamon Municipio, PR totaling $551.6 million, up 8% from 2010. The average application was for $90,000, and applicants reported an average income of $37,000. 44% of applications resulted in an originated loan and 23% were denied. The most active lender was Popular Mortgage, Inc., with 1,634 applications, followed by Scotiabank De Puerto Rico and Banco Popular.

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Total Number of Mortgage Applications 6,115
Total Mortgage Loan Application Amount $551,599,000
Average Mortgage Loan Application Amount $90,000
Highest Mortgage Loan Application Amount $1,700,000
Average Applicant Income $37,000
Highest Applicant Income $6,390,000

Mortgage Company List for Lending in Bayamon Municipio, PR for 2011

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Popular Mortgage, Inc.
PO BOX 36708
SAN JUAN, PR 00936
* $ 25,691,000,000 1,634 $ 170,667,000
Scotiabank De Puerto Rico
290 JESUS T. PIN++ERO
SAN JUAN, PR 00918
* $ 6,920,242,000 1,113 $ 85,422,000
Banco Popular
PO BOX 362708
SAN JUAN, PR 00936
* $ 29,371,000,000 743 $ 7,430,000
Doral Mortgage LLC
DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV
SAN JUAN, PR 00921
* $ 11,855,073,000 428 $ 51,971,000
Firstbank
PO BOX 9146
SAN JUAN, PR 00908
* $ 14,100,472,000 355 $ 36,160,000
Banco Santander Puerto Rico
P O BOX 362589,
SAN JUAN, PR 00936
* $ 6,987,029,000 208 $ 18,900,000
The Moneyhouse Inc.
#52 CALLE PASEO COVANDONGA
SAN JUAN, PR 00901
* $ 10,000,000 196 $ 22,817,000
Firstmortgage
PO BOX 9146
SAN JUAN, PR 00908
* $ 9,582,507,000 180 $ 14,234,000
Finance of America Reverse LLC
8023 EAST 63RD PLACE, SUITE 700
TULSA, OK 74133
* $ 3,125,000 177 $ 18,457,000
Oriental Bank
PO BOX 195115
SAN JUAN, PR 00919
* $ 7,168,817,000 129 $ 15,263,000
Banco Bilbao Vizcaya Argentari
254 MU?OZ RIVERA AVE.,
SAN JUAN, PR 00936
* $ 4,908,249,000 102 $ 14,440,000
Emi Equity Mortgage, Inc.
1651 PONCE DE LEON AVE, SUITE 102
SAN JUAN, PR 00909
* $ 10,000,000 91 $ 9,582,000
Vig Mortgage
1225 PONCE DE LEON VIG TOWER SUITE B-J
SAN JUAN, PR 00907
* $ 789,772,000 83 $ 8,076,000
Preferred Mortgage LLC
307 AVE FD ROOSEVELT
SAN JUAN, PR 00918
* $ 10,000,000 67 $ 8,061,000
First Security Mortgage, Inc.
97 DE DIEGO AVE. SAN FRANCISCO
SAN JUAN, PR 00929
* $ 10,000,000 61 $ 6,839,000
Metro Island Mortgage
VILLA NEVAREZ PROF. CENTER SUITE 201
RIO PIEDRAS, PR 00927
* $ 10,000,000 59 $ 7,172,000
Actual Mortgage Bankers
PO BOX 2808
BAYAMON, PR 00960
* $ 10,000,000 41 $ 4,167,000
Rf Mortgage & Investment Corp
PO BOX 361309
SAN JUAN, PR 00936
* $ 10,000,000 40 $ 3,852,000
Aaa Concordia Mortgage Corp
RR-37 BOX 1837
SAN JUAN, PR 00926
* $ 10,000,000 37 $ 4,369,000
Home Mortgage Bankers
AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F
CAROLINA, PR 00983
* $ 10,000,000 37 $ 4,673,000
Advance Mortgage Bankers, Inc.
P.O. BOX 50286
TOA BAJA, PR 00950
* $ 15,555,000 27 $ 2,916,000
Santander Financial Services
P.O. BOX 71504
SAN JUAN, PR 00936
* $ 8,082,156,000 27 $ 1,781,000
Reliable Financial Services
100 N MAIN STREET MAC D4001-063
WINSTON-SALEM, NC 27150
* $ 481,996,000 27 $ 2,746,000
Trust Mortgage Corp.
EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS
SAN JUAN, PR 00923
* $ 279,615,000 26 $ 3,247,000
Hispania Mortgage
AVE. DEGETAU A-14 BONNEVILLE TERRACE
CAGUAS, PR 00725
* $ 947,000 23 $ 2,396,000
First Mortgage Capital
P.O BOX 550
BAYAMON, PR 00960
* $ 10,000,000 20 $ 2,350,000
The Lending Center Corporation
G-8 ONEILL STREET
SAN JUAN, PR 00918
* $ 525,000 19 $ 2,388,000
Vegacoop
APARTADO 1078
VEGA ALTA, PR 00692
* $ 262,934,000 19 $ 1,787,000
Hr Mortgage Corp
M11 CALLE ROBLE, VILLA TURABO
CAGUAS, PR 00725
* $ 10,000,000 18 $ 2,870,000
First Equity Mortgage Bankers Inc.
9300 S DADELAND BLVD STE 500
MIAMI, FL 33156
* $ 10,000,000 17 $ 2,295,000
Aeela Mortgage
PO BOX 71502
SAN JUAN, PR 00936
* $ 1,000,000,000 16 $ 1,608,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ 10,000,000 15 $ 1,320,000
Latin American Financlal
1700 JESUS T. PINERO AVE 2ND FL STE 26
SAN JUAN, PR 00921
* $ 10,000,000 9 $ 1,311,000
Cooperativa De A/C Arecibo
PO BOX 1056
ARECIBO, PR 00613
* $ 10,000,000 8 $ 734,000
Generation Mortgage Company
3565 PIEDMONT ROAD, NE STE. 300
ATLANTA, GA 30305
* $ 73,926,000 8 $ 741,000
Baxter Credit Union
340 N MILWAUKEE AVE
340 N MILWAUKEE AVE, IL 60061
* $ 1,444,690,000 8 $ 1,374,000
Multiples Mortgage Corp.
761 AVE. LUIS MUNOZ RIVERA,
SAN JUAN, PR 00918
* $ 10,000,000 6 $ 741,000
Express Solution Mortgage Corp
1606 PONCE DE LEON AVE. SUITE L-06
SAN JUAN, PR 00909
* $ 15,000,000 5 $ 623,000
Rbs Mortgage Corporation
894-D MUNOZ RIVERA AVE SUITE 106
SAN JUAN, PR 00927
* $ 10,000,000 5 $ 458,000
Puerto Rico Federal Credit Uni
RESOLUCION 55 ESQ. AVE ROOSEVELT
SAN JUAN, PR 00922
* $ 110,762,000 4 $ 355,000
Top Mortgage Bankers
PONCE DE LEON AVE. 1913
SANTURCE, PR 00607
* $ 100,000,000 4 $ 587,000
Cooperativa De A/C Isabela
21 CALLE BARBOSA SUITE 1
ISABELA, PR 00662
* $ 10,000,000 3 $ 460,000
Cooperativa De A\C Oriental
PO BOX 876
HUMACAO, PR 00791
* $ 155,431,000 3 $ 462,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ 15,104,501,000 3 $ 413,000
American Airlines Federal Cred
4151 AMON CARTER BLVD
FORT WORTH, TX 76155
* $ 5,192,808,000 2 $ 223,000
Coop Ac De La Industria Biopha
VILLA CAROLINA, C9 AVE. ROBERTO CLEMENTE
CAROLINA, PR 00985
* $ 10,000,000 2 $ 218,000
Cooperativa La Sagrada Familia
CALLE BOU 38
COROZAL, PR 00783
* $ 40,000,000 2 $ 232,000
Coop Ac De Los Gerenciales De
1200 AVE. PONCE DE LEON
SAN JUAN, PR 00987
* $ 70,473,000 1 $ 147,000
The Mortgage House Inc.
915 ROBERTO SANCHEZ VILELA AVE
SAN JUAN, PR 00924
* $ 10,000,000 1 $ 114,000
Cooperativa De Ahorroy Credito
PO BOX 608
RINCON, PR 00677
* $ 10,000,000 1 $ 70,000
Cooperativa De A/C Aguas Buena
PO BOX 5
AGUAS BUENAS, PR 00703
* $ 10,000,000 1 $ 132,000
Vapr Federal Credit Union
2400 177 ROAD
GUAYNABO, PR 00969
* $ 145,657,000 1 $ 70,000
Caribe Federal Credit Union
195 ONEIL ST
SAN JUAN, PR 00918
* $ 217,884,000 1 $ 91,000
Banesco USA
150 ALHAMBRA CIRCLE , SUITE 100
CORAL GABLES, FL 33134
* $ 402,116,000 1 $ 1,700,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 10,788,420,000 1 $ 87,000

The tables below break down 2011 mortgage applications in Bayamon 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 Bayamon Municipio, PR in 2011

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 2,853 $304,740,000 $106,000 $1,000,000 $39,000 $6,390,000
Refinancing 2,013 $216,926,000 $107,000 $1,700,000 $38,000 $538,000
Home Improvement 1,249 $29,933,000 $23,000 $223,000 $34,000 $1,040,000

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 5,287 $463,050,000 $87,000 $1,041,000 $41,000 $6,390,000
Not applicable 744 $83,355,000 $112,000 $1,700,000 $8,000 $127,000
Not Provided 48 $1,229,000 $25,000 $154,000 $38,000 $264,000
White 32 $3,673,000 $114,000 $253,000 $65,000 $310,000
Black or African American 3 $286,000 $95,000 $142,000 $64,000 $97,000
American Indian or Alaskan Native 1 $6,000 $6,000 $6,000 $21,000 $21,000
Asian 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 3,418 $223,972,000 $65,000 $1,700,000 $42,000 $6,390,000
FHA-insured (Federal Housing Administration) 2,476 $295,988,000 $119,000 $441,000 $31,000 $347,000
VA-guaranteed (Veterans Administration) 198 $29,025,000 $146,000 $340,000 $41,000 $168,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 23 $2,614,000 $113,000 $188,000 $30,000 $52,000

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 2,675 $238,018,000 $88,000 $1,041,000 $42,000 $538,000
Application Denied By Financial Institution 1,404 $106,009,000 $75,000 $1,000,000 $38,000 $1,040,000
Loan Purchased By The Institution 974 $102,687,000 $105,000 $615,000 $11,000 $245,000
Application Withdrawn By Applicant 646 $68,353,000 $105,000 $1,700,000 $53,000 $6,390,000
File Closed For Incompleteness 268 $26,417,000 $98,000 $497,000 $47,000 $424,000
Application Approved But Not Accepted 148 $10,115,000 $68,000 $320,000 $38,000 $159,000
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 96 $8,844,000 $92,000 $514,000 $35,000 $104,000
Debt-To-Income Ratio 60 $6,712,000 $111,000 $1,000,000 $34,000 $216,000
Collateral 49 $5,479,000 $111,000 $300,000 $43,000 $145,000
Other 16 $1,458,000 $91,000 $294,000 $74,000 $310,000
Employment History 10 $988,000 $98,000 $153,000 $31,000 $53,000
Unverifiable Information 7 $813,000 $116,000 $191,000 $37,000 $61,000
Credit Application Incomplete 7 $566,000 $80,000 $122,000 $36,000 $53,000
Insufficient Cash (Downpayment, Closing Cost) 3 $395,000 $131,000 $141,000 $28,000 $42,000
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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