Corozal Municipio, PR Mortgage Lenders & HMDA Data, 2018

In 2018, lenders reported 146 mortgage applications in Corozal Municipio, PR totaling $15.0 million, down 56% from 2017. The average application was for $102,000, and applicants reported an average income of $42,000. 45% of applications resulted in an originated loan and 21% were denied. The most active lender was Banco Popular, with 47 applications, followed by Firstbank and Cooperativa La Sagrada Familia.

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Total Number of Mortgage Applications 146
Total Mortgage Loan Application Amount $14,980,000
Average Mortgage Loan Application Amount $102,000
Highest Mortgage Loan Application Amount $415,000
Average Applicant Income $42,000
Highest Applicant Income $135,000
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Top Mortgage Lenders in Corozal Municipio, PR (2018)

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

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Banco Popular
San Juan, PR
47 $4,725,000 $100,000 $48,000
2 Firstbank
San Juan, PR
22 $2,200,000 $100,000 $34,000
3 Cooperativa La Sagrada Familia
Corozal, PR
13 $895,000 $68,000 $43,000
4 Oriental Bank
San Juan, PR
12 $1,300,000 $108,000 $49,000
5 Scotiabank De Puerto Rico
San Juan, PR
9 $935,000 $103,000 $38,000
6 Preferred Mortgage LLC
San Juan, PR
7 $875,000 $125,000 $41,000
7 Latin American Financlal
San Juan, PR
5 $445,000 $89,000 $43,000
8 First Equity Mortgage Bankers Inc.
Miami, FL
4 $600,000 $150,000 $41,000
9 The Moneyhouse Inc.
San Juan, PR
3 $235,000 $78,000 $24,000
10 Rf Mortgage & Investment Corp
San Juan, PR
3 $455,000 $151,000 $47,000

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

The tables below break down 2018 mortgage applications in Corozal 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 Corozal 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 89 $9,615,000 $108,000 $415,000 $42,000 $113,000
Cash-out Refinancing 30 $2,570,000 $85,000 $155,000 $42,000 $135,000
Refinancing 22 $2,360,000 $107,000 $165,000 $45,000 $114,000
Not Applicable 4 $380,000 $95,000 $165,000 $0 $0
Other Purpose 1 $55,000 $55,000 $55,000 $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 117 $11,945,000 $102,000 $415,000 $41,000 $135,000
Not applicable 24 $2,610,000 $108,000 $175,000 $0 $0
Not Provided 2 $180,000 $90,000 $115,000 $99,000 $108,000
White 2 $190,000 $95,000 $95,000 $59,000 $78,000
American Indian or Alaskan Native 1 $55,000 $55,000 $55,000 $11,000 $11,000
Asian 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 53 $4,575,000 $86,000 $155,000 $47,000 $135,000
FHA-insured (Federal Housing Administration) 48 $5,110,000 $106,000 $415,000 $36,000 $77,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 40 $4,640,000 $116,000 $185,000 $40,000 $71,000
VA-guaranteed (Veterans Administration) 5 $655,000 $131,000 $155,000 $62,000 $74,000

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 66 $6,490,000 $98,000 $185,000 $42,000 $135,000
Application Denied By Financial Institution 31 $3,175,000 $102,000 $165,000 $40,000 $114,000
Loan Purchased By The Institution 25 $3,025,000 $121,000 $415,000 $31,000 $31,000
Application Withdrawn By Applicant 13 $1,275,000 $98,000 $185,000 $54,000 $85,000
File Closed For Incompleteness 9 $915,000 $101,000 $165,000 $44,000 $70,000
Application Approved But Not Accepted 2 $100,000 $50,000 $65,000 $29,000 $32,000
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 115 $11,805,000 $102,000 $415,000 $43,000 $135,000
Collateral 16 $1,670,000 $104,000 $155,000 $45,000 $114,000
Credit History 5 $615,000 $123,000 $165,000 $39,000 $55,000
Debt-To-Income Ratio 5 $495,000 $99,000 $165,000 $25,000 $37,000
Other 2 $120,000 $60,000 $75,000 $31,000 $43,000
Insufficient Cash (Downpayment, Closing Cost) 2 $150,000 $75,000 $105,000 $42,000 $49,000
Credit Application Incomplete 1 $125,000 $125,000 $125,000 $50,000 $50,000
Employment History 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 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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