Camuy Municipio, PR Mortgage Lenders & HMDA Data, 2008

In 2008, lenders reported 998 mortgage applications in Camuy Municipio, PR totaling $89.9 million, down 13% from 2007. The average application was for $90,000, and applicants reported an average income of $42,000. 44% of applications resulted in an originated loan and 27% were denied. The most active lender was Banco Popular De Puerto Rico, with 154 applications, followed by Popular Mortgage, Inc. and R & G Mortgage Corporation.

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Total Number of Mortgage Applications 998
Total Mortgage Loan Application Amount $89,861,000
Average Mortgage Loan Application Amount $90,000
Highest Mortgage Loan Application Amount $384,000
Average Applicant Income $42,000
Highest Applicant Income $425,000
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Top Mortgage Lenders in Camuy Municipio, PR (2008)

Ranked by the number of mortgage applications each lender reported in Camuy Municipio, PR in 2008.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Banco Popular De Puerto Rico
San Juan, PR
154 $1,815,000 $11,000 $32,000
2 Popular Mortgage, Inc.
San Juan, PR
123 $14,007,000 $113,000 $35,000
3 R & G Mortgage Corporation
San Juan, PR
104 $11,342,000 $109,000 $40,000
4 R-G Premier Bank of P.R.
Guaynabo, PR
88 $8,005,000 $90,000 $43,000
5 Doral Mortgage LLC
San Juan, PR
75 $8,007,000 $106,000 $50,000
6 Firstbank Puerto Rico
Santurce, PR
67 $8,254,000 $123,000 $44,000
7 Doral Bank
San Juan, PR
65 $6,280,000 $96,000 $46,000
8 Firstmortgage
San Juan, PR
39 $5,326,000 $136,000 $51,000
9 Westernbak Puerto Rico
Mayaguez, PR
34 $1,089,000 $32,000 $38,000
10 Cooperativa De Ahorro Y Credito De Camuy
Camuy, PR
31 $2,869,000 $92,000 $41,000

See every lender active in Camuy Municipio, PR in 2008 »

The tables below break down 2008 mortgage applications in Camuy 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 Camuy Municipio, PR in 2008

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 473 $53,798,000 $113,000 $347,000 $43,000 $228,000
Refinancing 279 $29,235,000 $104,000 $384,000 $43,000 $233,000
Home Improvement 246 $6,828,000 $27,000 $247,000 $37,000 $425,000

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 865 $75,803,000 $87,000 $384,000 $43,000 $425,000
Not applicable 121 $13,286,000 $109,000 $184,000 $32,000 $112,000
Not Provided 5 $205,000 $41,000 $150,000 $31,000 $66,000
White 5 $402,000 $80,000 $184,000 $44,000 $85,000
American Indian or Alaskan Native 1 $145,000 $145,000 $145,000 $45,000 $45,000
Asian 1 $20,000 $20,000 $20,000 $51,000 $51,000
Black or African American 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) 719 $56,731,000 $78,000 $384,000 $43,000 $425,000
FHA-insured (Federal Housing Administration) 151 $18,285,000 $121,000 $305,000 $43,000 $227,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 125 $14,528,000 $116,000 $204,000 $31,000 $66,000
VA-guaranteed (Veterans Administration) 3 $317,000 $105,000 $124,000 $47,000 $66,000

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 442 $41,675,000 $94,000 $384,000 $45,000 $327,000
Application Denied By Financial Institution 268 $17,767,000 $66,000 $347,000 $35,000 $425,000
Loan Purchased By The Institution 141 $16,393,000 $116,000 $384,000 $36,000 $131,000
Application Withdrawn By Applicant 82 $8,450,000 $103,000 $305,000 $45,000 $176,000
Application Approved But Not Accepted 41 $3,094,000 $75,000 $330,000 $45,000 $145,000
File Closed For Incompleteness 24 $2,482,000 $103,000 $320,000 $62,000 $270,000
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 22 $2,151,000 $97,000 $248,000 $41,000 $98,000
Debt-To-Income Ratio 21 $1,344,000 $64,000 $305,000 $30,000 $143,000
Collateral 9 $944,000 $104,000 $347,000 $38,000 $75,000
Credit Application Incomplete 4 $374,000 $93,000 $126,000 $39,000 $82,000
Other 3 $362,000 $120,000 $153,000 $200,000 $425,000
Insufficient Cash (Downpayment, Closing Cost) 2 $236,000 $118,000 $124,000 $35,000 $38,000
Employment History 1 $5,000 $5,000 $5,000 $24,000 $24,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 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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