Fajardo, PR Metro Area Mortgage Lenders & HMDA Data, 2006
In 2006, lenders reported 4,798 mortgage applications in Fajardo, PR metro area totaling $469.9 million, down 17% from 2005. The average application was for $97,932, and applicants reported an average income of $60,000. 42% of applications resulted in an originated loan and 23% were denied. The most active lender was R & G Mortgage Corporation, with 592 applications, followed by Banco Popular De Puerto Rico and Popular Mortgage, Inc..
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| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 4,798 |
| Total Mortgage Loan Application Amount | $469,881,000 |
| Average Mortgage Loan Application Amount | $97,932 |
| Highest Mortgage Loan Application Amount | $1,223,000 |
| Average Applicant Income | $60,000 |
| Highest Applicant Income | $6,698,000 |
* 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 |
|---|---|---|---|---|
| R & G Mortgage Corporation P O BOX 362394 SAN JUAN, PR 00936 |
* | $ 11,713,287,000 | 592 | $ 59,817,000 |
| Banco Popular De Puerto Rico PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 447 | $ 14,955,000 |
| Popular Mortgage, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 408 | $ 51,351,000 |
| Doral Mortgage Corp. PO BOX 71528 SAN JUAN, PR 00936 |
* | $ 17,608,277,000 | 334 | $ 30,622,000 |
| R-G Premier Bank of P.R. PO BOX 2510 GUAYNABO, PR 00970 |
* | $ 7,848,142,000 | 331 | $ 28,835,000 |
| Hf Mortgage Bankers DORAL FINANCIAL PLAZA 1451 ROOSEVELT AVE S.J., PR 00921 |
* | $ 17,608,277,000 | 330 | $ 37,734,000 |
| Doral Bank 268 PONCE DE LEON SUITE 910 SAN JUAN, PR 00918 |
* | $ 10,939,948,000 | 295 | $ 32,168,000 |
| Banco Santander P.O.BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 240 | $ 25,674,000 |
| Santander Mortgage Corporation PO BOX 192199 SAN JUAN, PR 00919 |
* | $ 47,000,000 | 206 | $ 34,292,000 |
| Citibank, N.A. 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 706,497,000,000 | 172 | $ 1,936,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 4,510,223,000 | 171 | $ 15,479,000 |
| Banco Bilbao Vizcaya Argentari 254 MUNOZ RIVERA AVE SAN JUAN, PR 00918 |
* | $ 7,043,254,000 | 141 | $ 26,571,000 |
| Westernbak Puerto Rico PO BOX 1180 MAYAGUEZ, PR 00681 |
* | $ 16,078,823,000 | 132 | $ 4,769,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 1,311,002,000 | 129 | $ 8,387,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 110 | $ 14,579,000 |
| Firstbank Puerto Rico PO BOX 9146 SANTURCE, PR 00908 |
* | $ 19,129,084,000 | 98 | $ 11,854,000 |
| The Mortgage House Inc. 915 ROBERTO SANCHEZ VILELA AVE SAN JUAN, PR 00924 |
* | $ 10,000,000 | 85 | $ 9,605,000 |
| Citimortgage, Inc 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 706,497,000 | 68 | $ 9,862,000 |
| Citifinancial 300 ST. PAUL PLACE BALTIMORE, MD 21202 |
* | $ 1,745,248,000,000 | 62 | $ 2,889,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 61 | $ 5,231,000 |
| Sana Mortgage PO BOX 71528 SAN JUAN, PR 00936 |
* | $ 17,608,277,000 | 52 | $ 4,965,000 |
| New York Mortgage Bankers AVE.PONCE DE LEON #818 MIRAMAR SAN JUAN, PR 00908 |
* | $ 10,000,000 | 45 | $ 5,275,000 |
| First Equity Mortgage Bankers 9300 S DADELAND BLVD SUITE 500 MIAMI, FL 33156 |
* | $ 10,000,000 | 39 | $ 6,068,000 |
| Emi Equity Mortgage Inc. 413 BOLIVAR ST SAN JUAN, PR 00912 |
* | $ 17,958,000 | 23 | $ 2,465,000 |
| Aeela Mortgage PO BOX 71502 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 22 | $ 2,470,000 |
| Cmfc, Inc. 850 THIRD AVENUE, 12TH FLOOR NEW YORK, NY 10022 |
* | $ 279,830,959,000 | 19 | $ 2,001,000 |
| Popular Finance, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 19 | $ 963,000 |
| The Mortgage Store of P.R. PO BOX 362394 SAN JUAN, PR 00936 |
* | $ 11,713,287,000 | 17 | $ 2,008,000 |
| Beneficial Mortgage Corp. 1322 F.D. ROOSEVELT AVE SAN JUAN, PR 00920 |
* | $ 10,000,000 | 15 | $ 2,792,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 14 | $ 1,988,000 |
| Golden Mortgage Bankers CALLE BORI 1534 URB. BELISA SAN JUAN, PR 00927 |
* | $ 10,000,000 | 13 | $ 2,146,000 |
| First Mortgage Capital P.O BOX 550 BAYAMON, PR 00960 |
* | $ 10,000,000 | 12 | $ 1,759,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ 10,000,000 | 12 | $ 1,027,000 |
| Citifinancial Plus 300 ST. PAUL PLACE BALTIMORE, MD 21202 |
* | $ 279,830,959,000 | 11 | $ 761,000 |
| Santander Financial Services P.O. BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 10 | $ 429,000 |
| Aaa Concordia Mortgage Corp. RR-37 BOX 1837 TEL. 758-1188 SAN JUAN, PR 00926 |
* | $ 3,823,000 | 8 | $ 904,000 |
| Centro Hipotecario PO BOX 71528 SAN JUAN, PR 00936 |
* | $ 17,608,277,000 | 8 | $ 720,000 |
| Coop Ac De La Industria Biopha VILLA CAROLINA, C9 AVE. ROBERTO CLEMENTE CAROLINA, PR 00985 |
* | $ 10,000,000 | 6 | $ 480,000 |
| The Mortgage Loan Co. 915 CAMPO RICO AVE SAN JUAN, PR 00924 |
* | $ 10,000,000 | 5 | $ 568,000 |
| Rbs Mortgage Corporation 894-D MUNOZ RIVERA AVE SUITE 106 SAN JUAN, PR 00927 |
* | $ 10,000,000 | 5 | $ 609,000 |
| Beewee Mortgage Bankers Corpor 416 PONCE DE LEON UNION PLAZA SAN JUAN, PR 00918 |
* | $ 10,000,000 | 5 | $ 796,000 |
| Mortgage One Group PO BOX 142213 ARECIBO, PR 00614 |
* | $ 10,000,000 | 4 | $ 384,000 |
| Money Express 19 MARGINAL SAN AGUSTIN SAN JUAN, PR 00926 |
* | $ 15,504,754,000 | 3 | $ 163,000 |
| Puerto Rico Federal Credit Uni RESOLUCION 55 ESQ. AVE ROOSEVELT SAN JUAN, PR 00922 |
* | $ 106,359,000 | 3 | $ 308,000 |
| Nfcu 820 FOLLIN LANE VIENNA, VA 22180 |
* | $ 24,644,357,000 | 2 | $ 47,000 |
| American Airlines Federal Cred 4151 AMON CARTER BLVD FORT WORTH, TX 76155 |
* | $ 4,011,971,000 | 2 | $ 181,000 |
| Eurobank PO BOX 191009 SAN JUAN, PR 00926 |
* | $ 2,392,021,000 | 2 | $ 177,000 |
| First Security Mortgage 97 DE DIEGO AVE. SAN JUAN, PR 00929 |
* | $ 10,000,000 | 2 | $ 214,000 |
| World Mortgage Bankers 1108 AVE. ROOSEVELT SAN JUAN, PR 00920 |
* | $ 10,000,000 | 1 | $ 92,000 |
| Cooperativa De Ac Maunabo BOX 127 MAUNABO, PR 00707 |
* | $ 10,000,000 | 1 | $ 85,000 |
| Jr Mortgage Home 2979 EMILIO FAGOT AVE. SUITE 1 PONCE, PR 00716 |
* | $ 1,395,899,000 | 1 | $ 74,000 |
| U.S. Postal Service Federal Credit Union 7905 MALCOLM RD STE 311 CLINTON, MD 20735 |
* | $ 157,824,000 | 1 | $ 62,000 |
| Bankfinancial F.S.B 15W060 NORTH FRONTAGE RD BURR RIDGE, IL 60527 |
* | $ 1,612,557,000 | 1 | $ 16,000 |
| Pentagon Federal Credit Union 14300 SULLYFIELD CIRCLE CHANTILLY, VA 20151 |
* | $ 8,091,469,000 | 1 | $ 193,000 |
| Cooperativa A/C Morovena PO BOX 577 MOROVIS, PR 00687 |
* | $ 80,807,158,000 | 1 | $ 66,000 |
| Popular Auto PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 1 | $ 15,000 |
The tables below break down 2006 mortgage applications in Fajardo, PR metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Fajardo, PR in 2006
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 | 2,257 | $301,005,000 | $133,000 | $1,200,000 | $77,000 | $6,698,000 |
| Refinancing | 1,422 | $139,277,000 | $97,000 | $1,223,000 | $54,000 | $1,909,000 |
| Home Improvement | 1,119 | $29,599,000 | $26,000 | $774,000 | $31,000 | $1,248,000 |
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 | 4,155 | $393,985,000 | $94,000 | $1,200,000 | $61,000 | $6,698,000 |
| Not applicable | 495 | $59,954,000 | $121,000 | $1,200,000 | $39,000 | $1,525,000 |
| Not Provided | 79 | $7,427,000 | $94,000 | $1,223,000 | $91,000 | $1,909,000 |
| White | 57 | $7,195,000 | $126,000 | $338,000 | $113,000 | $941,000 |
| Asian | 8 | $1,022,000 | $127,000 | $194,000 | $75,000 | $144,000 |
| Black or African American | 4 | $298,000 | $74,000 | $122,000 | $49,000 | $78,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 4,313 | $416,647,000 | $96,000 | $1,223,000 | $63,000 | $6,698,000 |
| FHA-insured (Federal Housing Administration) | 397 | $41,440,000 | $104,000 | $318,000 | $31,000 | $300,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 62 | $8,131,000 | $131,000 | $244,000 | $37,000 | $144,000 |
| VA-guaranteed (Veterans Administration) | 26 | $3,663,000 | $140,000 | $292,000 | $43,000 | $112,000 |
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 | 2,014 | $197,375,000 | $98,000 | $1,223,000 | $68,000 | $1,909,000 |
| Application Denied By Financial Institution | 1,083 | $79,792,000 | $73,000 | $1,200,000 | $43,000 | $1,248,000 |
| Application Withdrawn By Applicant | 717 | $79,027,000 | $110,000 | $540,000 | $74,000 | $6,698,000 |
| Loan Purchased By The Institution | 611 | $73,489,000 | $120,000 | $1,200,000 | $43,000 | $1,525,000 |
| File Closed For Incompleteness | 211 | $24,477,000 | $116,000 | $700,000 | $62,000 | $503,000 |
| Application Approved But Not Accepted | 162 | $15,721,000 | $97,000 | $331,000 | $61,000 | $520,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 175 | $5,125,000 | $29,000 | $304,000 | $26,000 | $131,000 |
| Debt-To-Income Ratio | 76 | $4,248,000 | $55,000 | $275,000 | $29,000 | $156,000 |
| Other | 28 | $2,763,000 | $98,000 | $325,000 | $48,000 | $130,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 15 | $368,000 | $24,000 | $165,000 | $21,000 | $70,000 |
| Collateral | 10 | $1,138,000 | $113,000 | $300,000 | $78,000 | $308,000 |
| Employment History | 8 | $624,000 | $78,000 | $200,000 | $31,000 | $66,000 |
| Credit Application Incomplete | 7 | $1,459,000 | $208,000 | $1,200,000 | $64,000 | $302,000 |
| Mortgage Insurance Denied | 2 | $195,000 | $97,000 | $125,000 | $39,000 | $40,000 |
| 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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