In 2007, lenders reported 9,654 mortgage applications in Carolina Municipio, PR totaling $1.1 billion, down 18% from 2006. The average application was for $109,000, and applicants reported an average income of $60,000. 40% of applications resulted in an originated loan and 22% were denied. The most active lender was R & G Mortgage Corporation, with 1,358 applications, followed by Popular Mortgage, Inc. and Doral Mortgage LLC.
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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 | 9,654 |
| Total Mortgage Loan Application Amount | $1,059,964,000 |
| Average Mortgage Loan Application Amount | $109,000 |
| Highest Mortgage Loan Application Amount | $1,155,000 |
| Average Applicant Income | $60,000 |
| Highest Applicant Income | $9,999,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| R & G Mortgage Corporation P O BOX 362394 SAN JUAN, PR 00936 |
* | $ 12,405,129,000 | 1,358 | $ 168,967,000 |
| Popular Mortgage, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 1,074 | $ 153,189,000 |
| Doral Mortgage LLC DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV SAN JUAN, PR 00921 |
* | $ 11,855,073,000 | 958 | $ 116,018,000 |
| Banco Popular De Puerto Rico PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,020,000,000 | 828 | $ 10,453,000 |
| Citimortgage, Inc 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 1,019,497,000,000 | 671 | $ 79,602,000 |
| R-G Premier Bank of P.R. PO BOX 2510 GUAYNABO, PR 00970 |
* | $ 8,062,197,000 | 663 | $ 67,658,000 |
| Doral Bank 268 PONCE DE LEON SUITE 910 SAN JUAN, PR 00918 |
* | $ 9,220,610,000 | 608 | $ 58,678,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 381 | $ 52,116,000 |
| Santander Mortgage Corporation PO BOX 192199 SAN JUAN, PR 00919 |
* | $ 47,000,000 | 349 | $ 59,236,000 |
| Banco Santander P.O.BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,231,368,000 | 317 | $ 33,976,000 |
| Firstbank Puerto Rico PO BOX 9146 SANTURCE, PR 00908 |
* | $ 16,488,291,000 | 274 | $ 37,594,000 |
| Citibank, N.A. 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 1,019,497,000,000 | 274 | $ 4,302,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 4,298,305,000 | 200 | $ 24,289,000 |
| Citifinancial 300 ST. PAUL PLACE BALTIMORE, MD 21202 |
* | $ 1,745,248,000,000 | 157 | $ 8,540,000 |
| Banco Bilbao Vizcaya Argentari 254 MUNOZ RIVERA AVE SAN JUAN, PR 00918 |
* | $ 6,331,376,000 | 153 | $ 24,321,000 |
| Westernbak Puerto Rico PO BOX 1180 MAYAGUEZ, PR 00681 |
* | $ 17,080,020,000 | 147 | $ 7,682,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 1,544,228,000 | 129 | $ 15,496,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 88 | $ 10,876,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ 10,000,000 | 78 | $ 8,487,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ 10,000,000 | 76 | $ 10,968,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VFP CAROLINA, PR 00983 |
* | $ 10,000,000 | 69 | $ 6,016,000 |
| Emi Equity Mortgage Inc. 413 BOLIVAR ST SAN JUAN, PR 00912 |
* | $ 17,958,000 | 68 | $ 8,558,000 |
| Aeela Mortgage PO BOX 71502 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 66 | $ 7,075,000 |
| Reliable Financial Services PO BOX 21382, MAC F0302-001 SAN JUAN, PR 00928 |
* | $ 481,996,000 | 52 | $ 7,547,000 |
| The Mortgage House Inc. 915 ROBERTO SANCHEZ VILELA AVE SAN JUAN, PR 00924 |
* | $ 10,000,000 | 46 | $ 5,962,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 44 | $ 7,708,000 |
| Cmfc, Inc. 850 THIRD AVENUE, 12TH FLOOR NEW YORK, NY 10022 |
* | $ 279,830,959,000 | 43 | $ 5,352,000 |
| Santander Financial Services P.O. BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 42 | $ 3,772,000 |
| World Mortgage Bankers 1108 AVE. ROOSEVELT SAN JUAN, PR 00920 |
* | $ 10,000,000 | 39 | $ 4,506,000 |
| Aaa Concordia Mortgage Corp. RR-37 BOX 1837 TEL. 758-1188 SAN JUAN, PR 00926 |
* | $ 3,823,000 | 36 | $ 4,626,000 |
| Cooperativa De A\C Oriental PO BOX 876 HUMACAO, PR 00791 |
* | $ 10,000,000 | 33 | $ 5,132,000 |
| First Mortgage Capital P.O BOX 550 BAYAMON, PR 00960 |
* | $ 10,000,000 | 33 | $ 5,039,000 |
| Eurobank PO BOX 191009 SAN JUAN, PR 00926 |
* | $ 2,500,164,000 | 32 | $ 4,363,000 |
| Golden Mortgage Bankers CALLE BORI 1534 URB. BELISA SAN JUAN, PR 00927 |
* | $ 10,000,000 | 27 | $ 3,417,000 |
| First Security Mortgage 97 DE DIEGO AVE. SAN JUAN, PR 00929 |
* | $ 10,000,000 | 27 | $ 3,656,000 |
| Beewee Mortgage Bankers Corpor 416 PONCE DE LEON UNION PLAZA SAN JUAN, PR 00918 |
* | $ 10,000,000 | 25 | $ 3,192,000 |
| Jr Mortgage Home 2979 EMILIO FAGOT AVE. SUITE 1 PONCE, PR 00716 |
* | $ 1,395,899,000 | 21 | $ 3,415,000 |
| Popular Finance, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 21 | $ 2,222,000 |
| The Mortgage Loan Co. 915 CAMPO RICO AVE SAN JUAN, PR 00924 |
* | $ 10,000,000 | 20 | $ 2,678,000 |
| American Airlines Federal Cred 4151 AMON CARTER BLVD FORT WORTH, TX 76155 |
* | $ 4,142,654,000 | 20 | $ 1,333,000 |
| Coop Ac De La Industria Biopha VILLA CAROLINA, C9 AVE. ROBERTO CLEMENTE CAROLINA, PR 00985 |
* | $ 10,000,000 | 19 | $ 2,766,000 |
| Citifinancial Plus 300 ST. PAUL PLACE BALTIMORE, MD 21202 |
* | $ 279,830,959,000 | 13 | $ 736,000 |
| Nlc Puerto Rico AM TOWER PISO 1 207 C/DEL PARQ SAN JUAN, PR 00907 |
* | $ 10,000,000 | 11 | $ 1,232,000 |
| Beneficial Mortgage Corp. 1322 F.D. ROOSEVELT AVE SAN JUAN, PR 00920 |
* | $ 10,000,000 | 8 | $ 1,090,000 |
| Caribe Federal Credit Union 195 ONEIL ST SAN JUAN, PR 00918 |
* | $ 182,133,000 | 7 | $ 406,000 |
| Rbs Mortgage Corporation 894-D MUNOZ RIVERA AVE SUITE 106 SAN JUAN, PR 00927 |
* | $ 10,000,000 | 7 | $ 1,034,000 |
| Advance Mortgage Bankers, Inc. P.O. BOX 50286 TOA BAJA, PR 00950 |
* | $ 15,555,000 | 6 | $ 995,000 |
| Mortgage One Group PO BOX 142213 ARECIBO, PR 00614 |
* | $ 10,000,000 | 6 | $ 868,000 |
| Express Solution Mortgage Corp 1606 PONCE DE LEON AVE. SUITE L-06 SAN JUAN, PR 00909 |
* | $ 15,000,000 | 5 | $ 621,000 |
| Pentagon Federal Credit Union 14300 SULLYFIELD CIRCLE CHANTILLY, VA 20151 |
* | $ 9,339,663,000 | 5 | $ 460,000 |
| Popular Auto PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 4 | $ 25,000 |
| Nfcu 820 FOLLIN LANE VIENNA, VA 22180 |
* | $ 27,121,892,000 | 3 | $ 18,000 |
| Flagstar Bank 5151 CORPORATE DR TROY, MI 48098 |
* | $ 15,464,820,000 | 3 | $ 713,000 |
| Vapr Federal Credit Union 2400 177 ROAD GUAYNABO, PR 00969 |
* | $ 104,851,000 | 2 | $ 207,000 |
| Puerto Rico Federal Credit Uni RESOLUCION 55 ESQ. AVE ROOSEVELT SAN JUAN, PR 00922 |
* | $ 98,439,000 | 2 | $ 45,000 |
| Cooperativa De A/C Arecibo PO BOX 1056 ARECIBO, PR 00613 |
* | $ 10,000,000 | 2 | $ 230,000 |
| Countrywide Home Loans 30930 RUSSELL RANCH ROAD MS WLRR-148 WESTLAKE VILLAGE, CA 91362 |
* | $ 199,946,230,000 | 2 | $ 173,000 |
| Cooperativa De Ac Jesus Obrero PMB 159 HC 01 BOX 29030 GUAYNABO, PR 00969 |
* | $ 10,000,000 | 1 | $ 232,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 1,169,907,000 | 1 | $ 96,000 |
The tables below break down 2007 mortgage applications in Carolina Municipio, PR by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
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 | 3,934 | $561,890,000 | $142,000 | $1,080,000 | $70,000 | $9,999,000 |
| Refinancing | 3,655 | $438,229,000 | $119,000 | $1,155,000 | $62,000 | $9,999,000 |
| Home Improvement | 2,065 | $59,845,000 | $28,000 | $465,000 | $38,000 | $405,000 |
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 | 7,863 | $843,633,000 | $107,000 | $1,080,000 | $58,000 | $5,040,000 |
| Not applicable | 1,540 | $191,028,000 | $124,000 | $1,155,000 | $68,000 | $9,999,000 |
| Not Provided | 138 | $5,557,000 | $40,000 | $461,000 | $42,000 | $354,000 |
| White | 82 | $15,611,000 | $190,000 | $840,000 | $135,000 | $2,391,000 |
| Asian | 18 | $2,073,000 | $115,000 | $310,000 | $134,000 | $720,000 |
| Black or African American | 13 | $2,062,000 | $158,000 | $595,000 | $113,000 | $803,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 8,403 | $908,483,000 | $108,000 | $1,155,000 | $64,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 1,151 | $137,954,000 | $119,000 | $253,000 | $34,000 | $364,000 |
| VA-guaranteed (Veterans Administration) | 63 | $9,702,000 | $154,000 | $275,000 | $50,000 | $157,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 37 | $3,825,000 | $103,000 | $176,000 | $31,000 | $116,000 |
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 | 3,833 | $421,201,000 | $109,000 | $1,080,000 | $62,000 | $2,373,000 |
| Application Denied By Financial Institution | 2,137 | $186,187,000 | $87,000 | $720,000 | $48,000 | $2,391,000 |
| Loan Purchased By The Institution | 1,839 | $225,197,000 | $122,000 | $1,155,000 | $63,000 | $9,999,000 |
| Application Withdrawn By Applicant | 1,043 | $137,567,000 | $131,000 | $960,000 | $67,000 | $5,040,000 |
| File Closed For Incompleteness | 435 | $50,981,000 | $117,000 | $662,000 | $70,000 | $723,000 |
| Application Approved But Not Accepted | 367 | $38,831,000 | $105,000 | $518,000 | $63,000 | $720,000 |
| 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 | 419 | $36,959,000 | $88,000 | $720,000 | $58,000 | $2,391,000 |
| Debt-To-Income Ratio | 288 | $26,307,000 | $91,000 | $595,000 | $39,000 | $282,000 |
| Other | 89 | $9,770,000 | $109,000 | $486,000 | $59,000 | $348,000 |
| Collateral | 55 | $6,838,000 | $124,000 | $461,000 | $74,000 | $240,000 |
| Credit Application Incomplete | 55 | $6,617,000 | $120,000 | $488,000 | $67,000 | $420,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 30 | $3,008,000 | $100,000 | $352,000 | $43,000 | $100,000 |
| Employment History | 27 | $2,703,000 | $100,000 | $330,000 | $35,000 | $208,000 |
| Unverifiable Information | 21 | $1,738,000 | $82,000 | $318,000 | $36,000 | $111,000 |
| Mortgage Insurance Denied | 2 | $161,000 | $80,000 | $112,000 | $28,000 | $46,000 |
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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