Catano Municipio, PR Mortgage Lenders & HMDA Data, 2018

In 2018, lenders reported 132 mortgage applications in Catano Municipio, PR totaling $15.5 million, down 54% from 2017. The average application was for $117,000, and applicants reported an average income of $54,000. 46% of applications resulted in an originated loan and 23% were denied. The most active lender was Banco Popular, with 39 applications, followed by Firstbank and Preferred Mortgage LLC.

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Total Number of Mortgage Applications 132
Total Mortgage Loan Application Amount $15,480,000
Average Mortgage Loan Application Amount $117,000
Highest Mortgage Loan Application Amount $255,000
Average Applicant Income $54,000
Highest Applicant Income $225,000
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Top Mortgage Lenders in Catano Municipio, PR (2018)

Ranked by the number of mortgage applications each lender reported in Catano Municipio, PR in 2018.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Banco Popular
San Juan, PR
39 $4,625,000 $118,000 $57,000
2 Firstbank
San Juan, PR
27 $3,255,000 $120,000 $56,000
3 Preferred Mortgage LLC
San Juan, PR
8 $930,000 $116,000 $59,000
4 Oriental Bank
San Juan, PR
7 $685,000 $97,000 $44,000
5 Rf Mortgage & Investment Corp
San Juan, PR
7 $955,000 $136,000 $67,000
6 Latin American Financlal
San Juan, PR
7 $745,000 $106,000 $46,000
7 The Moneyhouse Inc.
San Juan, PR
5 $415,000 $83,000 $34,000
8 Scotiabank De Puerto Rico
San Juan, PR
5 $605,000 $121,000 $61,000
9 First Equity Mortgage Bankers Inc.
Miami, FL
4 $410,000 $102,000 $37,000
10 Emi Equity Mortgage, Inc.
San Juan, PR
4 $560,000 $140,000 $60,000

See every lender active in Catano Municipio, PR in 2018 »

The tables below break down 2018 mortgage applications in Catano 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 Catano Municipio, PR in 2018

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 102 $12,080,000 $118,000 $225,000 $53,000 $196,000
Refinancing 16 $1,980,000 $123,000 $255,000 $60,000 $225,000
Cash-out Refinancing 11 $1,105,000 $100,000 $175,000 $49,000 $135,000
Not Applicable 2 $180,000 $90,000 $95,000 $0 $0
Other Purpose 1 $135,000 $135,000 $135,000 $24,000 $24,000
Home Improvement 0 $0 $0 $0 $0 $0

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 107 $12,485,000 $116,000 $255,000 $53,000 $225,000
Not applicable 21 $2,375,000 $113,000 $205,000 $0 $0
Not Provided 2 $230,000 $115,000 $185,000 $46,000 $58,000
White 2 $390,000 $195,000 $215,000 $108,000 $196,000
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
FHA-insured (Federal Housing Administration) 83 $8,855,000 $106,000 $225,000 $42,000 $186,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 39 $4,735,000 $121,000 $255,000 $67,000 $225,000
VA-guaranteed (Veterans Administration) 10 $1,890,000 $189,000 $215,000 $85,000 $196,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

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 61 $7,465,000 $122,000 $215,000 $54,000 $181,000
Application Denied By Financial Institution 30 $3,330,000 $111,000 $255,000 $55,000 $225,000
Loan Purchased By The Institution 21 $2,375,000 $113,000 $205,000 $0 $0
Application Withdrawn By Applicant 10 $1,270,000 $127,000 $225,000 $57,000 $186,000
Application Approved But Not Accepted 7 $625,000 $89,000 $145,000 $42,000 $88,000
File Closed For Incompleteness 3 $415,000 $138,000 $195,000 $57,000 $76,000
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 102 $12,150,000 $119,000 $225,000 $53,000 $186,000
Collateral 13 $1,745,000 $134,000 $255,000 $76,000 $225,000
Credit History 7 $595,000 $85,000 $135,000 $35,000 $67,000
Debt-To-Income Ratio 5 $585,000 $117,000 $185,000 $54,000 $81,000
Insufficient Cash (Downpayment, Closing Cost) 2 $220,000 $110,000 $135,000 $31,000 $40,000
Mortgage Insurance Denied 1 $55,000 $55,000 $55,000 $25,000 $25,000
Other 1 $45,000 $45,000 $45,000 $34,000 $34,000
Unverifiable Information 1 $85,000 $85,000 $85,000 $21,000 $21,000
Employment History 0 $0 $0 $0 $0 $0
Credit Application Incomplete 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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