Fajardo, PR Metro Area Mortgage Lenders & HMDA Data, 2008
In 2008, lenders reported 3,248 mortgage applications in Fajardo, PR metro area totaling $337.5 million, down 19% from 2007. The average application was for $103,894, and applicants reported an average income of $62,000. 40% of applications resulted in an originated loan and 27% were denied. The most active lender was Popular Mortgage, Inc., with 429 applications, followed by Doral Mortgage LLC and R & G Mortgage Corporation.
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| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 3,248 |
| Total Mortgage Loan Application Amount | $337,450,000 |
| Average Mortgage Loan Application Amount | $103,894 |
| Highest Mortgage Loan Application Amount | $863,000 |
| Average Applicant Income | $62,000 |
| Highest Applicant Income | $2,210,000 |
* 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 |
|---|---|---|---|---|
| Popular Mortgage, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 429 | $ 53,133,000 |
| Doral Mortgage LLC DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV SAN JUAN, PR 00921 |
* | $ 11,855,073,000 | 402 | $ 47,203,000 |
| R & G Mortgage Corporation P O BOX 362394 SAN JUAN, PR 00936 |
* | $ 8,011,488,000 | 346 | $ 36,663,000 |
| Banco Popular De Puerto Rico PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 26,742,000,000 | 340 | $ 4,331,000 |
| R-G Premier Bank of P.R. PO BOX 2510 GUAYNABO, PR 00970 |
* | $ 7,424,734,000 | 275 | $ 29,969,000 |
| Doral Bank 268 PONCE DE LEON SUITE 910 SAN JUAN, PR 00918 |
* | $ 7,642,115,000 | 249 | $ 25,080,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 140 | $ 20,149,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 1,547,096,000 | 120 | $ 11,196,000 |
| Firstbank Puerto Rico PO BOX 9146 SANTURCE, PR 00908 |
* | $ 16,259,720,000 | 117 | $ 15,679,000 |
| Westernbak Puerto Rico PO BOX 1180 MAYAGUEZ, PR 00681 |
* | $ 17,936,278,000 | 117 | $ 10,992,000 |
| Banco Santander P.O.BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,289,250,000 | 95 | $ 11,422,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 5,644,198,000 | 92 | $ 10,219,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 65 | $ 6,168,000 |
| Banco Bilbao Vizcaya Argentari 254 MUNOZ RIVERA AVE SAN JUAN, PR 00918 |
* | $ 6,588,855,000 | 64 | $ 11,164,000 |
| Citifinancial 300 ST. PAUL PLACE BALTIMORE, MD 21202 |
* | $ 1,745,248,000 | 55 | $ 2,813,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ 10,000,000 | 46 | $ 6,224,000 |
| Santander Financial Services P.O. BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 29 | $ 1,957,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VFP CAROLINA, PR 00983 |
* | $ 10,000,000 | 28 | $ 2,339,000 |
| Reliable Financial Services PO BOX 21382, MAC F0302-001 SAN JUAN, PR 00928 |
* | $ 481,996,000 | 24 | $ 3,469,000 |
| The Mortgage House Inc. 915 ROBERTO SANCHEZ VILELA AVE SAN JUAN, PR 00924 |
* | $ 10,000,000 | 21 | $ 2,446,000 |
| Eurobank PO BOX 191009 SAN JUAN, PR 00926 |
* | $ 2,750,773,000 | 18 | $ 2,716,000 |
| Aeela Mortgage PO BOX 71502 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 18 | $ 1,913,000 |
| First Equity Mortgage Bankers 9300 S DADELAND BLVD SUITE 500 MIAMI, FL 33156 |
* | $ 10,000,000 | 15 | $ 2,322,000 |
| First Security Mortgage 97 DE DIEGO AVE. SAN JUAN, PR 00929 |
* | $ 10,000,000 | 14 | $ 1,460,000 |
| First Mortgage Capital P.O BOX 550 BAYAMON, PR 00960 |
* | $ 10,000,000 | 12 | $ 1,867,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ 10,000,000 | 12 | $ 1,833,000 |
| Aaa Concordia Mortgage Corp RR-37 BOX 1837 SAN JUAN, PR 00926 |
* | $ 10,000,000 | 12 | $ 1,390,000 |
| Jr Mortgage Home 2979 EMILIO FAGOT AVE. SUITE 1 PONCE, PR 00716 |
* | $ 1,395,899,000 | 11 | $ 952,000 |
| Top Mortgage Bankers PONCE DE LEON AVE. 1913 SANTURCE, PR 00607 |
* | $ 100,000,000 | 10 | $ 1,616,000 |
| Coop Ac De La Industria Biopha VILLA CAROLINA, C9 AVE. ROBERTO CLEMENTE CAROLINA, PR 00985 |
* | $ 10,000,000 | 9 | $ 1,486,000 |
| Beewee Mortgage Bankers Corpor PO BOX 16065 SAN JUAN, PR 00908 |
* | $ 10,000,000 | 8 | $ 1,099,000 |
| Popular Finance, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 8 | $ 401,000 |
| Nfcu 820 FOLLIN LANE VIENNA, VA 22180 |
* | $ 33,011,920,000 | 6 | $ 41,000 |
| World Mortgage Bankers 1108 AVE. ROOSEVELT SAN JUAN, PR 00920 |
* | $ 10,000,000 | 6 | $ 576,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ 10,000,000 | 6 | $ 739,000 |
| Advance Mortgage Bankers, Inc. P.O. BOX 50286 TOA BAJA, PR 00950 |
* | $ 15,555,000 | 4 | $ 524,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 4 | $ 400,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ 10,000,000 | 3 | $ 579,000 |
| The Mortgage Loan Co. 915 CAMPO RICO AVE SAN JUAN, PR 00924 |
* | $ 10,000,000 | 3 | $ 273,000 |
| Golden Mortgage Bankers CALLE BORI 1534 URB. BELISA SAN JUAN, PR 00927 |
* | $ 10,000,000 | 2 | $ 544,000 |
| Beneficial Mortgage Corp. 1322 F.D. ROOSEVELT AVE. SAN JUAN, PR 00920 |
* | $ 61,611,000 | 2 | $ 261,000 |
| Rbs Mortgage Corporation 894-D MUNOZ RIVERA AVE SUITE 106 SAN JUAN, PR 00927 |
* | $ 10,000,000 | 2 | $ 262,000 |
| Pentagon Federal Credit Union 14300 SULLYFIELD CIRCLE CHANTILLY, VA 20151 |
* | $ 11,238,962,000 | 2 | $ 226,000 |
| Merrill Lynch Credit Corp. 4804 DEER LAKE DRIVE EAST BLDG 3 FL 5 JACKSONVILLE, FL 32246 |
* | $ 4,500,000,000 | 1 | $ 179,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 1,304,756,000 | 1 | $ 30,000 |
| Coopa/C Asoc De Maestros De Pr P.O. BOX 192770 SAN JUAN, PR 00919 |
* | $ 10,000,000 | 1 | $ 76,000 |
| Coop A/C San Blas De Illescas P.O. BOX 319 COAMO, PR 00769 |
* | $ 57,849,000 | 1 | $ 83,000 |
| Cooperativa De A\C Oriental PO BOX 876 HUMACAO, PR 00791 |
* | $ 10,000,000 | 1 | $ 723,000 |
| Cooperativa A/C Hnos Unidos 229 CALLE DUARTE SAN JUAN, PR 00917 |
* | $ 52,826,000 | 1 | $ 199,000 |
| Citimortgage, Inc 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 1,019,497,000,000 | 1 | $ 64,000 |
The tables below break down 2008 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 2008
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 | 1,745 | $234,704,000 | $134,000 | $757,000 | $71,000 | $2,210,000 |
| Refinancing | 813 | $86,137,000 | $105,000 | $863,000 | $65,000 | $1,766,000 |
| Home Improvement | 690 | $16,609,000 | $24,000 | $300,000 | $36,000 | $311,000 |
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 | 2,784 | $284,792,000 | $102,000 | $863,000 | $61,000 | $2,210,000 |
| Not applicable | 372 | $43,138,000 | $115,000 | $413,000 | $71,000 | $1,766,000 |
| White | 44 | $6,103,000 | $138,000 | $294,000 | $101,000 | $414,000 |
| Not Provided | 33 | $1,831,000 | $55,000 | $400,000 | $40,000 | $139,000 |
| Black or African American | 12 | $1,368,000 | $114,000 | $247,000 | $39,000 | $180,000 |
| Asian | 3 | $218,000 | $72,000 | $128,000 | $145,000 | $300,000 |
| American Indian or Alaskan Native | 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) | 2,468 | $244,793,000 | $99,000 | $863,000 | $70,000 | $2,210,000 |
| FHA-insured (Federal Housing Administration) | 650 | $76,809,000 | $118,000 | $330,000 | $37,000 | $175,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 102 | $10,945,000 | $107,000 | $280,000 | $26,000 | $120,000 |
| VA-guaranteed (Veterans Administration) | 28 | $4,903,000 | $175,000 | $269,000 | $64,000 | $121,000 |
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 | 1,289 | $139,644,000 | $108,000 | $863,000 | $65,000 | $1,330,000 |
| Application Denied By Financial Institution | 865 | $73,011,000 | $84,000 | $757,000 | $47,000 | $1,731,000 |
| Loan Purchased By The Institution | 435 | $52,282,000 | $120,000 | $413,000 | $61,000 | $1,330,000 |
| Application Withdrawn By Applicant | 370 | $44,012,000 | $118,000 | $400,000 | $79,000 | $1,766,000 |
| File Closed For Incompleteness | 150 | $15,083,000 | $100,000 | $585,000 | $63,000 | $434,000 |
| Application Approved But Not Accepted | 139 | $13,418,000 | $96,000 | $680,000 | $97,000 | $2,210,000 |
| 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 | 117 | $11,589,000 | $99,000 | $309,000 | $46,000 | $180,000 |
| Debt-To-Income Ratio | 70 | $7,544,000 | $107,000 | $424,000 | $36,000 | $166,000 |
| Collateral | 34 | $4,020,000 | $118,000 | $520,000 | $112,000 | $1,731,000 |
| Other | 19 | $1,608,000 | $84,000 | $238,000 | $63,000 | $247,000 |
| Credit Application Incomplete | 18 | $1,154,000 | $64,000 | $200,000 | $32,000 | $77,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 14 | $1,353,000 | $96,000 | $184,000 | $36,000 | $68,000 |
| Employment History | 9 | $808,000 | $89,000 | $222,000 | $20,000 | $34,000 |
| Unverifiable Information | 5 | $676,000 | $135,000 | $262,000 | $58,000 | $139,000 |
| 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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