Cidra Municipio, PR Mortgage Lenders & HMDA Data, 2018
In 2018, lenders reported 247 mortgage applications in Cidra Municipio, PR totaling $30.0 million, down 57% from 2017. The average application was for $121,000, and applicants reported an average income of $49,000. 56% of applications resulted in an originated loan and 19% were denied. The most active lender was Banco Popular, with 62 applications, followed by Hr Mortgage Corp and Oriental Bank.
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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 | 247 |
| Total Mortgage Loan Application Amount | $30,025,000 |
| Average Mortgage Loan Application Amount | $121,000 |
| Highest Mortgage Loan Application Amount | $265,000 |
| Average Applicant Income | $49,000 |
| Highest Applicant Income | $180,000 |
Top Mortgage Lenders in Cidra Municipio, PR (2018)
Ranked by the number of mortgage applications each lender reported in Cidra Municipio, PR in 2018.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Banco Popular San Juan, PR |
62 | $7,510,000 | $121,000 | $54,000 |
| 2 | Hr Mortgage Corp Caguas, PR |
44 | $5,680,000 | $129,000 | $46,000 |
| 3 | Oriental Bank San Juan, PR |
34 | $4,080,000 | $120,000 | $43,000 |
| 4 | Firstbank San Juan, PR |
32 | $4,190,000 | $130,000 | $60,000 |
| 5 | Scotiabank De Puerto Rico San Juan, PR |
20 | $2,080,000 | $104,000 | $43,000 |
| 6 | Trust Mortgage Corp. San Juan, PR |
11 | $1,325,000 | $120,000 | $43,000 |
| 7 | Preferred Mortgage LLC San Juan, PR |
5 | $555,000 | $111,000 | $30,000 |
| 8 | Emi Equity Mortgage, Inc. San Juan, PR |
5 | $715,000 | $143,000 | $65,000 |
| 9 | First Equity Mortgage Bankers Inc. Miami, FL |
4 | $460,000 | $115,000 | $28,000 |
| 10 | The Moneyhouse Inc. San Juan, PR |
4 | $540,000 | $135,000 | $59,000 |
The tables below break down 2018 mortgage applications in Cidra 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 Cidra 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 | 181 | $22,565,000 | $124,000 | $265,000 | $48,000 | $180,000 |
| Cash-out Refinancing | 32 | $3,290,000 | $102,000 | $205,000 | $49,000 | $119,000 |
| Refinancing | 28 | $3,470,000 | $123,000 | $205,000 | $61,000 | $145,000 |
| Home Improvement | 2 | $210,000 | $105,000 | $125,000 | $37,000 | $40,000 |
| Not Applicable | 2 | $230,000 | $115,000 | $135,000 | $0 | $0 |
| Other Purpose | 2 | $260,000 | $130,000 | $215,000 | $50,000 | $85,000 |
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 | 216 | $26,310,000 | $121,000 | $265,000 | $49,000 | $180,000 |
| Not applicable | 22 | $2,470,000 | $112,000 | $175,000 | $0 | $0 |
| White | 7 | $875,000 | $125,000 | $205,000 | $49,000 | $96,000 |
| Black or African American | 2 | $370,000 | $185,000 | $195,000 | $113,000 | $161,000 |
| 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) | 87 | $10,495,000 | $120,000 | $225,000 | $52,000 | $180,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 80 | $10,280,000 | $128,000 | $225,000 | $40,000 | $82,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 58 | $5,900,000 | $101,000 | $245,000 | $49,000 | $145,000 |
| VA-guaranteed (Veterans Administration) | 22 | $3,350,000 | $152,000 | $265,000 | $70,000 | $161,000 |
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 | 139 | $16,745,000 | $120,000 | $225,000 | $48,000 | $161,000 |
| Application Denied By Financial Institution | 48 | $5,740,000 | $119,000 | $245,000 | $43,000 | $180,000 |
| Loan Purchased By The Institution | 23 | $2,635,000 | $114,000 | $175,000 | $68,000 | $68,000 |
| Application Withdrawn By Applicant | 22 | $3,210,000 | $145,000 | $265,000 | $65,000 | $161,000 |
| Application Approved But Not Accepted | 8 | $830,000 | $103,000 | $195,000 | $53,000 | $103,000 |
| File Closed For Incompleteness | 7 | $865,000 | $123,000 | $145,000 | $62,000 | $115,000 |
| 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 | 199 | $24,285,000 | $122,000 | $265,000 | $51,000 | $161,000 |
| Debt-To-Income Ratio | 14 | $1,960,000 | $140,000 | $245,000 | $42,000 | $82,000 |
| Collateral | 13 | $1,515,000 | $116,000 | $215,000 | $47,000 | $117,000 |
| Credit History | 10 | $1,270,000 | $127,000 | $225,000 | $52,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $415,000 | $83,000 | $105,000 | $27,000 | $45,000 |
| Other | 3 | $275,000 | $91,000 | $125,000 | $50,000 | $89,000 |
| Unverifiable Information | 2 | $250,000 | $125,000 | $155,000 | $30,000 | $42,000 |
| Credit Application Incomplete | 1 | $55,000 | $55,000 | $55,000 | $19,000 | $19,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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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