Canovanas Municipio, PR Mortgage Lenders & HMDA Data, 2011
In 2011, lenders reported 1,330 mortgage applications in Canovanas Municipio, PR totaling $131.1 million, up 6% from 2010. The average application was for $98,000, and applicants reported an average income of $40,000. 48% of applications resulted in an originated loan and 26% were denied. The most active lender was Popular Mortgage, Inc., with 346 applications, followed by Banco Popular and Scotiabank De Puerto Rico.
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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 | 1,330 |
| Total Mortgage Loan Application Amount | $131,072,000 |
| Average Mortgage Loan Application Amount | $98,000 |
| Highest Mortgage Loan Application Amount | $391,000 |
| Average Applicant Income | $40,000 |
| Highest Applicant Income | $357,000 |
| 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 | 346 | $ 49,113,000 |
| Banco Popular PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 29,371,000,000 | 262 | $ 2,323,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 6,920,242,000 | 229 | $ 19,415,000 |
| Doral Mortgage LLC DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV SAN JUAN, PR 00921 |
* | $ 11,855,073,000 | 74 | $ 11,276,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 14,100,472,000 | 70 | $ 8,692,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 7,168,817,000 | 47 | $ 6,516,000 |
| Banco Santander Puerto Rico P O BOX 362589, SAN JUAN, PR 00936 |
* | $ 6,987,029,000 | 44 | $ 4,153,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ 10,000,000 | 34 | $ 3,854,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 30 | $ 2,411,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ 10,000,000 | 21 | $ 2,128,000 |
| Rbs Mortgage Corporation 894-D MUNOZ RIVERA AVE SUITE 106 SAN JUAN, PR 00927 |
* | $ 10,000,000 | 19 | $ 3,464,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ 789,772,000 | 18 | $ 1,912,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ 10,000,000 | 16 | $ 1,960,000 |
| First Security Mortgage, Inc. 97 DE DIEGO AVE. SAN FRANCISCO SAN JUAN, PR 00929 |
* | $ 10,000,000 | 14 | $ 2,297,000 |
| Finance of America Reverse LLC 8023 EAST 63RD PLACE, SUITE 700 TULSA, OK 74133 |
* | $ 3,125,000 | 14 | $ 1,198,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 10 | $ 929,000 |
| Banco Bilbao Vizcaya Argentari 254 MU?OZ RIVERA AVE., SAN JUAN, PR 00936 |
* | $ 4,908,249,000 | 9 | $ 1,028,000 |
| Trust Mortgage Corp. EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS SAN JUAN, PR 00923 |
* | $ 279,615,000 | 8 | $ 772,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ 10,000,000 | 8 | $ 929,000 |
| Express Solution Mortgage Corp 1606 PONCE DE LEON AVE. SUITE L-06 SAN JUAN, PR 00909 |
* | $ 15,000,000 | 6 | $ 619,000 |
| The Lending Center Corporation G-8 ONEILL STREET SAN JUAN, PR 00918 |
* | $ 525,000 | 6 | $ 935,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ 10,000,000 | 5 | $ 780,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 5 | $ 383,000 |
| Generation Mortgage Company 3565 PIEDMONT ROAD, NE STE. 300 ATLANTA, GA 30305 |
* | $ 73,926,000 | 5 | $ 392,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ 10,000,000 | 4 | $ 641,000 |
| Aaa Concordia Mortgage Corp RR-37 BOX 1837 SAN JUAN, PR 00926 |
* | $ 10,000,000 | 4 | $ 522,000 |
| Reliable Financial Services 100 N MAIN STREET MAC D4001-063 WINSTON-SALEM, NC 27150 |
* | $ 481,996,000 | 4 | $ 323,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 1,444,690,000 | 2 | $ 129,000 |
| Aeela Mortgage PO BOX 71502 SAN JUAN, PR 00936 |
* | $ 1,000,000,000 | 2 | $ 159,000 |
| Latin American Financlal 1700 JESUS T. PINERO AVE 2ND FL STE 26 SAN JUAN, PR 00921 |
* | $ 10,000,000 | 2 | $ 353,000 |
| Actual Mortgage Bankers PO BOX 2808 BAYAMON, PR 00960 |
* | $ 10,000,000 | 2 | $ 235,000 |
| Santander Financial Services P.O. BOX 71504 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 2 | $ 107,000 |
| American Airlines Federal Cred 4151 AMON CARTER BLVD FORT WORTH, TX 76155 |
* | $ 5,192,808,000 | 1 | $ 53,000 |
| Pentagon Federal Credit Union OMAHA, NE 68164 |
* | $ 15,104,501,000 | 1 | $ 190,000 |
| Top Mortgage Bankers PONCE DE LEON AVE. 1913 SANTURCE, PR 00607 |
* | $ 100,000,000 | 1 | $ 172,000 |
| Hispania Mortgage AVE. DEGETAU A-14 BONNEVILLE TERRACE CAGUAS, PR 00725 |
* | $ 947,000 | 1 | $ 166,000 |
| Advance Mortgage Bankers, Inc. P.O. BOX 50286 TOA BAJA, PR 00950 |
* | $ 15,555,000 | 1 | $ 135,000 |
| Cooperativa De A\C Oriental PO BOX 876 HUMACAO, PR 00791 |
* | $ 155,431,000 | 1 | $ 88,000 |
| Coop Ac De La Industria Biopha VILLA CAROLINA, C9 AVE. ROBERTO CLEMENTE CAROLINA, PR 00985 |
* | $ 10,000,000 | 1 | $ 100,000 |
| World Mortgage Bankers 1108 AVE. ROOSEVELT SAN JUAN, PR 00920 |
* | $ 10,000,000 | 1 | $ 220,000 |
The tables below break down 2011 mortgage applications in Canovanas 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 Canovanas 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 | 663 | $88,784,000 | $133,000 | $361,000 | $45,000 | $357,000 |
| Home Improvement | 366 | $5,929,000 | $16,000 | $311,000 | $28,000 | $355,000 |
| Refinancing | 301 | $36,359,000 | $120,000 | $391,000 | $43,000 | $244,000 |
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 | 1,196 | $114,765,000 | $95,000 | $391,000 | $42,000 | $357,000 |
| Not applicable | 120 | $15,403,000 | $128,000 | $337,000 | $14,000 | $217,000 |
| Not Provided | 10 | $381,000 | $38,000 | $190,000 | $33,000 | $101,000 |
| White | 4 | $523,000 | $130,000 | $172,000 | $56,000 | $84,000 |
| 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) | 743 | $48,577,000 | $65,000 | $391,000 | $40,000 | $357,000 |
| FHA-insured (Federal Housing Administration) | 372 | $48,857,000 | $131,000 | $375,000 | $39,000 | $202,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 182 | $26,915,000 | $147,000 | $321,000 | $39,000 | $74,000 |
| VA-guaranteed (Veterans Administration) | 33 | $6,723,000 | $203,000 | $351,000 | $46,000 | $96,000 |
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 | 632 | $67,581,000 | $106,000 | $361,000 | $45,000 | $357,000 |
| Application Denied By Financial Institution | 352 | $23,300,000 | $66,000 | $391,000 | $35,000 | $244,000 |
| Loan Purchased By The Institution | 154 | $18,301,000 | $118,000 | $337,000 | $17,000 | $124,000 |
| Application Withdrawn By Applicant | 118 | $14,516,000 | $123,000 | $368,000 | $48,000 | $159,000 |
| File Closed For Incompleteness | 43 | $4,665,000 | $108,000 | $375,000 | $50,000 | $355,000 |
| Application Approved But Not Accepted | 31 | $2,709,000 | $87,000 | $271,000 | $53,000 | $217,000 |
| 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 | 20 | $1,674,000 | $83,000 | $197,000 | $37,000 | $170,000 |
| Debt-To-Income Ratio | 12 | $1,239,000 | $103,000 | $302,000 | $31,000 | $74,000 |
| Collateral | 7 | $521,000 | $74,000 | $174,000 | $32,000 | $73,000 |
| Unverifiable Information | 2 | $492,000 | $246,000 | $302,000 | $98,000 | $101,000 |
| Other | 1 | $25,000 | $25,000 | $25,000 | $21,000 | $21,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $60,000 | $60,000 | $60,000 | $20,000 | $20,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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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