Corozal Municipio, PR Mortgage Lenders & HMDA Data, 2019

In 2019, lenders reported 126 mortgage applications in Corozal Municipio, PR totaling $12.1 million, down 14% from 2018. The average application was for $95,000, and applicants reported an average income of $37,000. 45% of applications resulted in an originated loan and 12% were denied. The most active lender was Banco Popular, with 48 applications, followed by Firstbank and Scotiabank De Puerto Rico.

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Total Number of Mortgage Applications 126
Total Mortgage Loan Application Amount $12,080,000
Average Mortgage Loan Application Amount $95,000
Highest Mortgage Loan Application Amount $195,000
Average Applicant Income $37,000
Highest Applicant Income $124,000
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Top Mortgage Lenders in Corozal Municipio, PR (2019)

Ranked by the number of mortgage applications each lender reported in Corozal Municipio, PR in 2019.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Banco Popular
San Juan, PR
48 $4,630,000 $96,000 $46,000
2 Firstbank
San Juan, PR
14 $1,520,000 $108,000 $36,000
3 Scotiabank De Puerto Rico
San Juan, PR
12 $1,120,000 $93,000 $37,000
4 Cooperativa La Sagrada Familia
Corozal, PR
9 $695,000 $77,000 $36,000
5 Home Mortgage Bankers
Carolina, PR
7 $715,000 $102,000 $30,000
6 Oriental Bank
San Juan, PR
4 $360,000 $90,000 $40,000
7 First Equity Mortgage Bankers Inc.
Miami, FL
4 $490,000 $122,000 $31,000
8 Preferred Mortgage LLC
San Juan, PR
4 $450,000 $112,000 $43,000
9 Latin American Financlal
San Juan, PR
3 $275,000 $91,000 $27,000
10 Capital Mortgage
San Juan, PR
3 $285,000 $95,000 $33,000

See every lender active in Corozal Municipio, PR in 2019 »

The tables below break down 2019 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 2019

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 70 $7,410,000 $105,000 $195,000 $36,000 $124,000
Cash-out Refinancing 35 $2,805,000 $80,000 $155,000 $37,000 $80,000
Refinancing 19 $1,705,000 $89,000 $115,000 $40,000 $81,000
Home Improvement 1 $105,000 $105,000 $105,000 $50,000 $50,000
Not Applicable 1 $55,000 $55,000 $55,000 $0 $0
Other Purpose 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 90 $8,730,000 $97,000 $195,000 $38,000 $124,000
Not applicable 31 $2,855,000 $92,000 $185,000 $50,000 $50,000
White 4 $390,000 $97,000 $155,000 $29,000 $35,000
American Indian or Alaskan Native 1 $105,000 $105,000 $105,000 $43,000 $43,000
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
Not Provided 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) 43 $3,275,000 $76,000 $155,000 $38,000 $80,000
FHA-insured (Federal Housing Administration) 40 $3,970,000 $99,000 $195,000 $36,000 $124,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 37 $3,995,000 $107,000 $185,000 $30,000 $53,000
VA-guaranteed (Veterans Administration) 6 $840,000 $140,000 $185,000 $76,000 $96,000

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 57 $5,805,000 $101,000 $195,000 $41,000 $124,000
Loan Purchased By The Institution 31 $2,855,000 $92,000 $185,000 $50,000 $50,000
Application Denied By Financial Institution 15 $1,265,000 $84,000 $155,000 $26,000 $43,000
Application Withdrawn By Applicant 11 $1,175,000 $106,000 $175,000 $35,000 $96,000
File Closed For Incompleteness 9 $695,000 $77,000 $115,000 $38,000 $70,000
Application Approved But Not Accepted 3 $285,000 $95,000 $105,000 $28,000 $40,000
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 111 $10,815,000 $97,000 $195,000 $40,000 $124,000
Collateral 6 $560,000 $93,000 $155,000 $30,000 $43,000
Debt-To-Income Ratio 6 $460,000 $76,000 $105,000 $21,000 $31,000
Credit History 2 $150,000 $75,000 $85,000 $24,000 $34,000
Unverifiable Information 1 $95,000 $95,000 $95,000 $29,000 $29,000
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Other 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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