Culebra Municipio, PR Mortgage Lenders & HMDA Data, 2007

In 2007, lenders reported 73 mortgage applications in Culebra Municipio, PR totaling $8.6 million, down 34% from 2006. The average application was for $117,000, and applicants reported an average income of $59,000. 29% of applications resulted in an originated loan and 36% were denied. The most active lender was Citifinancial, with 8 applications, followed by Banco Popular National Assoc and Popular Mortgage, Inc..

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Total Number of Mortgage Applications 73
Total Mortgage Loan Application Amount $8,598,000
Average Mortgage Loan Application Amount $117,000
Highest Mortgage Loan Application Amount $500,000
Average Applicant Income $59,000
Highest Applicant Income $384,000

Mortgage Company List for Lending in Culebra Municipio, PR for 2007

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Citifinancial
300 ST. PAUL PLACE
BALTIMORE, MD 21202
* $ 1,745,248,000,000 8 $ 445,000
Banco Popular National Assoc
PO BOX 362708
SAN JUAN, PR 00936
* $ 87,388,000 8 $ 112,000
Popular Mortgage, Inc.
PO BOX 362708
SAN JUAN, PR 00936
* $ 25,691,000,000 8 $ 1,369,000
R & G Mortgage Corporation
P O BOX 362394
SAN JUAN, PR 00936
* $ 12,405,129,000 6 $ 1,044,000
Santander Mortgage Corporation
PO BOX 192199
SAN JUAN, PR 00919
* $ 47,000,000 5 $ 1,016,000
Doral Mortgage LLC
DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV
SAN JUAN, PR 00921
* $ 11,855,073,000 5 $ 1,030,000
Firstmortgage
PO BOX 9146
SAN JUAN, PR 00908
* $ 9,582,507,000 5 $ 502,000
Banco Santander
P.O.BOX 362589
SAN JUAN, PR 00936
* $ 8,231,368,000 4 $ 487,000
Citimortgage, Inc
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 1,019,497,000,000 4 $ 459,000
R-G Premier Bank of P.R.
PO BOX 2510
GUAYNABO, PR 00970
* $ 8,062,197,000 3 $ 317,000
Firstbank Puerto Rico
PO BOX 9146
SANTURCE, PR 00908
* $ 16,488,291,000 3 $ 345,000
Doral Bank
268 PONCE DE LEON SUITE 910
SAN JUAN, PR 00918
* $ 9,220,610,000 2 $ 241,000
Metro Island Mortgage
VILLA NEVAREZ PROF. CENTER SUITE 201
RIO PIEDRAS, PR 00927
* $ 10,000,000 2 $ 400,000
Citibank, N.A.
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 1,019,497,000,000 2 $ 11,000
Scotiabank De Puerto Rico
290 JESUS T. PIN++ERO
SAN JUAN, PR 00918
* $ 1,544,228,000 2 $ 127,000
Eurobank
PO BOX 191009
SAN JUAN, PR 00926
* $ 2,500,164,000 1 $ 90,000
Citifinancial Plus
300 ST. PAUL PLACE
BALTIMORE, MD 21202
* $ 279,830,959,000 1 $ 70,000
Baxter Credit Union
340 N MILWAUKEE AVE
340 N MILWAUKEE AVE, IL 60061
* $ 1,169,907,000 1 $ 196,000
Cooperativa De Ac Jesus Obrero
PMB 159 HC 01 BOX 29030
GUAYNABO, PR 00969
* $ 10,000,000 1 $ 111,000
Mortgage One Group
PO BOX 142213
ARECIBO, PR 00614
* $ 10,000,000 1 $ 96,000
Jr Mortgage Home
2979 EMILIO FAGOT AVE. SUITE 1
PONCE, PR 00716
* $ 1,395,899,000 1 $ 130,000

The tables below break down 2007 mortgage applications in Culebra 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 Culebra Municipio, PR in 2007

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 27 $4,513,000 $167,000 $358,000 $87,000 $266,000
Refinancing 25 $3,408,000 $136,000 $500,000 $57,000 $384,000
Home Improvement 21 $677,000 $32,000 $107,000 $27,000 $72,000

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 55 $5,619,000 $102,000 $500,000 $62,000 $384,000
Not applicable 13 $1,956,000 $150,000 $246,000 $43,000 $185,000
White 5 $1,023,000 $204,000 $358,000 $75,000 $142,000
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
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 72 $8,474,000 $117,000 $500,000 $59,000 $384,000
FHA-insured (Federal Housing Administration) 1 $124,000 $124,000 $124,000 $57,000 $57,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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
Application Denied By Financial Institution 26 $2,016,000 $77,000 $358,000 $36,000 $87,000
Loan Originated 21 $2,931,000 $139,000 $500,000 $93,000 $384,000
Loan Purchased By The Institution 15 $2,171,000 $144,000 $246,000 $46,000 $185,000
Application Withdrawn By Applicant 6 $744,000 $124,000 $205,000 $41,000 $54,000
File Closed For Incompleteness 5 $736,000 $147,000 $268,000 $101,000 $228,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
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 8 $372,000 $46,000 $124,000 $38,000 $60,000
Debt-To-Income Ratio 3 $20,000 $6,000 $10,000 $18,000 $26,000
Collateral 2 $444,000 $222,000 $358,000 $82,000 $87,000
Insufficient Cash (Downpayment, Closing Cost) 1 $5,000 $5,000 $5,000 $21,000 $21,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 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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