Canovanas Municipio, PR Mortgage Lenders & HMDA Data, 2020
In 2020, lenders reported 551 mortgage applications in Canovanas Municipio, PR totaling $77.0 million, up 36% from 2019. The average application was for $139,000, and applicants reported an average income of $52,000. 37% of applications resulted in an originated loan and 10% were denied. The most active lender was Banco Popular, with 223 applications, followed by Firstbank and The Moneyhouse Inc..
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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 | 551 |
| Total Mortgage Loan Application Amount | $77,015,000 |
| Average Mortgage Loan Application Amount | $139,000 |
| Highest Mortgage Loan Application Amount | $365,000 |
| Average Applicant Income | $52,000 |
| Highest Applicant Income | $324,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Banco Popular PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 41,627,000,000 | 223 | $ 33,295,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 12,597,360,000 | 73 | $ 10,195,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ -1,000 | 47 | $ 5,575,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 9,253,736,000 | 33 | $ 4,745,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ -1,000 | 32 | $ 3,900,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ -1,000 | 17 | $ 2,245,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ -1,000 | 17 | $ 2,885,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ -1,000 | 16 | $ 1,960,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 15 | $ 1,945,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ -1,000 | 13 | $ 1,695,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ -1,000 | 11 | $ 1,505,000 |
| Trust Mortgage Corp. EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS SAN JUAN, PR 00923 |
* | $ -1,000 | 7 | $ 685,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ -1,000 | 7 | $ 1,055,000 |
| Capital Mortgage 206 ELEANOR ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 6 | $ 960,000 |
| Pentagon Federal Credit Union OMAHA, NE 68164 |
* | $ 24,774,361,000 | 5 | $ 615,000 |
| Actual Mortgage Bankers PO BOX 2808 BAYAMON, PR 00960 |
* | $ -1,000 | 5 | $ 495,000 |
| Coop. De A/C La Puertorrique+¦A AVE. ANA G. MÉNDEZ, 9729 PR-176 KM 1.1 SAN JUAN, PR 00921 |
* | $ -1,000 | 5 | $ 515,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ -1,000 | 4 | $ 680,000 |
| Calcon Mutual Mortgage LLC 3131 CAMINO DEL RIO N SUITE 1680 SAN DIEGO, CA 92108 |
* | $ -1,000 | 4 | $ 670,000 |
| Planet Home Lending, LLC 321 RESEARCH PARKWAY SUITE 303 MERIDEN, CT 06450 |
* | $ -1,000 | 4 | $ 640,000 |
| Senior Mortgage Banker 1239 ROOSEVELT AVE SAN JUAN, PR 00920 |
* | $ -1,000 | 3 | $ 305,000 |
| Banco Santander Puerto Rico P O BOX 362589, SAN JUAN, PR 00936 |
* | $ 6,005,654,000 | 1 | $ 85,000 |
| Cooperativa De Ac Jesus Obrero PMB 159 HC 01 BOX 29030 GUAYNABO, PR 00969 |
* | $ -1,000 | 1 | $ 25,000 |
| Latin American Financlal 1700 JESUS T. PINERO AVE 2ND FL STE 26 SAN JUAN, PR 00921 |
* | $ -1,000 | 1 | $ 95,000 |
| Caribe Federal Credit Union 195 ONEIL ST SAN JUAN, PR 00918 |
* | $ 422,363,000 | 1 | $ 245,000 |
The tables below break down 2020 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 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 | 344 | $47,800,000 | $138,000 | $365,000 | $49,000 | $324,000 |
| Refinancing | 108 | $16,620,000 | $153,000 | $315,000 | $58,000 | $272,000 |
| Cash-out Refinancing | 49 | $6,175,000 | $126,000 | $285,000 | $55,000 | $137,000 |
| Not Applicable | 35 | $3,965,000 | $113,000 | $265,000 | $0 | $0 |
| Home Improvement | 8 | $1,220,000 | $152,000 | $265,000 | $36,000 | $36,000 |
| Other Purpose | 7 | $1,235,000 | $176,000 | $225,000 | $200,000 | $200,000 |
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 | 307 | $41,595,000 | $135,000 | $315,000 | $52,000 | $324,000 |
| Not applicable | 219 | $31,945,000 | $145,000 | $365,000 | $0 | $0 |
| White | 23 | $3,205,000 | $139,000 | $245,000 | $45,000 | $101,000 |
| Black or African American | 2 | $270,000 | $135,000 | $185,000 | $43,000 | $66,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 212 | $29,120,000 | $137,000 | $295,000 | $51,000 | $324,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 205 | $27,165,000 | $132,000 | $285,000 | $40,000 | $89,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 97 | $13,635,000 | $140,000 | $365,000 | $67,000 | $272,000 |
| VA-guaranteed (Veterans Administration) | 37 | $7,095,000 | $191,000 | $315,000 | $76,000 | $168,000 |
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 Purchased By The Institution | 219 | $31,945,000 | $145,000 | $365,000 | $0 | $0 |
| Loan Originated | 203 | $28,055,000 | $138,000 | $315,000 | $54,000 | $324,000 |
| Application Denied By Financial Institution | 56 | $7,170,000 | $128,000 | $285,000 | $44,000 | $126,000 |
| Application Withdrawn By Applicant | 40 | $5,090,000 | $127,000 | $255,000 | $54,000 | $272,000 |
| File Closed For Incompleteness | 22 | $3,130,000 | $142,000 | $315,000 | $51,000 | $128,000 |
| Application Approved But Not Accepted | 11 | $1,625,000 | $147,000 | $195,000 | $52,000 | $86,000 |
| 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 | 495 | $69,845,000 | $141,000 | $365,000 | $53,000 | $324,000 |
| Collateral | 19 | $2,565,000 | $135,000 | $285,000 | $54,000 | $126,000 |
| Credit History | 10 | $1,460,000 | $146,000 | $245,000 | $47,000 | $97,000 |
| Debt-To-Income Ratio | 10 | $1,150,000 | $115,000 | $165,000 | $36,000 | $70,000 |
| Employment History | 6 | $570,000 | $95,000 | $135,000 | $25,000 | $59,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $560,000 | $140,000 | $245,000 | $61,000 | $113,000 |
| Other | 3 | $475,000 | $158,000 | $165,000 | $50,000 | $66,000 |
| Unverifiable Information | 3 | $315,000 | $105,000 | $155,000 | $18,000 | $22,000 |
| Credit Application Incomplete | 1 | $75,000 | $75,000 | $75,000 | $21,000 | $21,000 |
| 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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