Fajardo, PR Metro Area Mortgage Lenders & HMDA Data, 2010
In 2010, lenders reported 2,175 mortgage applications in Fajardo, PR metro area totaling $207.9 million, down 27% from 2009. The average application was for $95,608, and applicants reported an average income of $46,000. 40% of applications resulted in an originated loan and 22% were denied. The most active lender was Scotiabank De Puerto Rico, with 386 applications, followed by Popular Mortgage, Inc. and Banco Popular De Puerto Rico.
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| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 2,175 |
| Total Mortgage Loan Application Amount | $207,949,000 |
| Average Mortgage Loan Application Amount | $95,608 |
| Highest Mortgage Loan Application Amount | $606,000 |
| Average Applicant Income | $46,000 |
| Highest Applicant Income | $621,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 1,775,127,000 | 386 | $ 29,611,000 |
| Popular Mortgage, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 362 | $ 37,692,000 |
| Banco Popular De Puerto Rico PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 23,271,000,000 | 264 | $ 5,313,000 |
| Doral Mortgage LLC DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV SAN JUAN, PR 00921 |
* | $ 11,855,073,000 | 255 | $ 32,266,000 |
| Firstbank Puerto Rico PO BOX 9146 SANTURCE, PR 00908 |
* | $ 19,616,388,000 | 138 | $ 17,596,000 |
| Doral Bank 268 PONCE DE LEON SUITE 910 SAN JUAN, PR 00918 |
* | $ 9,288,322,000 | 131 | $ 16,076,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 6,412,164,000 | 84 | $ 10,197,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 70 | $ 6,058,000 |
| The Lending Center Corporation G-8 ONEILL STREET SAN JUAN, PR 00918 |
* | $ 525,000 | 65 | $ 7,141,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 61 | $ 8,514,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ 10,000,000 | 59 | $ 6,439,000 |
| Banco Santander P.O.BOX 362589 SAN JUAN, PR 00936 |
* | $ 6,591,027,000 | 48 | $ 3,955,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ 10,000,000 | 34 | $ 3,557,000 |
| Finance of America Reverse LLC 8023 EAST 63RD PLACE, SUITE 700 TULSA, OK 74133 |
* | $ 3,125,000 | 31 | $ 2,587,000 |
| Reliable Financial Services PO BOX 21382, MAC F0302-001 SAN JUAN, PR 00928 |
* | $ 481,996,000 | 23 | $ 2,542,000 |
| Banco Bilbao Vizcaya Argentari 254 MUNOZ RIVERA AVE SAN JUAN, PR 00918 |
* | $ 5,519,043,000 | 20 | $ 3,235,000 |
| The Mortgage House Inc. 915 ROBERTO SANCHEZ VILELA AVE SAN JUAN, PR 00924 |
* | $ 10,000,000 | 16 | $ 1,276,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ 10,000,000 | 13 | $ 1,187,000 |
| Santander Financial Services P.O. BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 13 | $ 634,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ 10,000,000 | 13 | $ 1,987,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ 789,772,000 | 12 | $ 1,502,000 |
| First Equity Mortgage Bankers 9300 S DADELAND BLVD SUITE 500 MIAMI, FL 33156 |
* | $ 10,000,000 | 6 | $ 489,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 6 | $ 720,000 |
| Aeela Mortgage PO BOX 71502 SAN JUAN, PR 00936 |
* | $ 1,000,000,000 | 6 | $ 496,000 |
| Jr Mortgage Home 2979 EMILIO FAGOT AVE. SUITE 1 PONCE, PR 00716 |
* | $ 1,395,899,000 | 5 | $ 496,000 |
| Express Solution Mortgage Corp 1606 PONCE DE LEON AVE. SUITE L-06 SAN JUAN, PR 00909 |
* | $ 15,000,000 | 5 | $ 751,000 |
| First Security Mortgage 97 DE DIEGO AVE. SAN JUAN, PR 00929 |
* | $ 10,000,000 | 5 | $ 609,000 |
| Advance Mortgage Bankers, Inc. P.O. BOX 50286 TOA BAJA, PR 00950 |
* | $ 15,555,000 | 4 | $ 381,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ 10,000,000 | 4 | $ 427,000 |
| Rbs Mortgage Corporation 894-D MUNOZ RIVERA AVE SUITE 106 SAN JUAN, PR 00927 |
* | $ 10,000,000 | 4 | $ 419,000 |
| Coop Ac De La Industria Biopha VILLA CAROLINA, C9 AVE. ROBERTO CLEMENTE CAROLINA, PR 00985 |
* | $ 10,000,000 | 4 | $ 544,000 |
| Aaa Concordia Mortgage Corp RR-37 BOX 1837 SAN JUAN, PR 00926 |
* | $ 10,000,000 | 4 | $ 408,000 |
| James B. Nutter & Co. 4153 BROADWAY KANSAS CITY, MO 64111 |
* | $ 31,000,000 | 3 | $ 137,000 |
| Top Mortgage Bankers PONCE DE LEON AVE. 1913 SANTURCE, PR 00607 |
* | $ 100,000,000 | 3 | $ 327,000 |
| Trust Mortgage Corp. EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS SAN JUAN, PR 00923 |
* | $ 279,615,000 | 3 | $ 219,000 |
| Actual Mortgage Bankers PO BOX 2808 BAYAMON, PR 00960 |
* | $ 10,000,000 | 2 | $ 210,000 |
| Cooperativa De Ac Las Piedras APARTADO 414 LAS PIEDRAS, PR 00771 |
* | $ 10,000,000 | 2 | $ 626,000 |
| American Midwest Mortgage Corporation 6363 YORK ROAD PARMA HEIGHTS, OH 44130 |
* | $ 10,000,000 | 1 | $ 115,000 |
| Coopa/C Asoc De Maestros De Pr P.O. BOX 192770 SAN JUAN, PR 00919 |
* | $ 83,800,000 | 1 | $ 112,000 |
| Caguas Coop AVE JOSE GAUTIER BENITEZ, CARR 1 KM 37.5 CAGUAS, PR 00726 |
* | $ 67,650,000 | 1 | $ 290,000 |
| Coop Ac De Los Gerenciales De 1200 AVE. PONCE DE LEON SAN JUAN, PR 00987 |
* | $ 70,473,000 | 1 | $ 188,000 |
| World Mortgage Bankers 1108 AVE. ROOSEVELT SAN JUAN, PR 00920 |
* | $ 10,000,000 | 1 | $ 78,000 |
| First Mortgage Capital P.O BOX 550 BAYAMON, PR 00960 |
* | $ 10,000,000 | 1 | $ 58,000 |
| Caribe Federal Credit Union 195 ONEIL ST SAN JUAN, PR 00918 |
* | $ 214,658,000 | 1 | $ 100,000 |
| Puerto Rico Federal Credit Uni RESOLUCION 55 ESQ. AVE ROOSEVELT SAN JUAN, PR 00922 |
* | $ 112,056,000 | 1 | $ 65,000 |
| American Airlines Federal Cred 4151 AMON CARTER BLVD FORT WORTH, TX 76155 |
* | $ 5,061,586,000 | 1 | $ 85,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 1,422,795,000 | 1 | $ 104,000 |
| Latin American Financlal 1700 JESUS T. PINERO AVE 2ND FL STE 26 SAN JUAN, PR 00921 |
* | $ 10,000,000 | 1 | $ 130,000 |
The tables below break down 2010 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 2010
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 | 919 | $104,674,000 | $113,000 | $606,000 | $45,000 | $419,000 |
| Refinancing | 803 | $91,317,000 | $113,000 | $500,000 | $53,000 | $621,000 |
| Home Improvement | 453 | $11,958,000 | $26,000 | $320,000 | $33,000 | $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 | 1,740 | $162,486,000 | $93,000 | $606,000 | $48,000 | $575,000 |
| Not applicable | 396 | $42,185,000 | $106,000 | $500,000 | $35,000 | $621,000 |
| White | 23 | $2,843,000 | $123,000 | $290,000 | $71,000 | $268,000 |
| Not Provided | 14 | $332,000 | $23,000 | $85,000 | $32,000 | $95,000 |
| Black or African American | 2 | $103,000 | $51,000 | $100,000 | $127,000 | $226,000 |
| 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 |
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) | 1,267 | $106,504,000 | $84,000 | $606,000 | $55,000 | $621,000 |
| FHA-insured (Federal Housing Administration) | 644 | $67,554,000 | $104,000 | $363,000 | $32,000 | $575,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 155 | $17,674,000 | $114,000 | $258,000 | $31,000 | $84,000 |
| VA-guaranteed (Veterans Administration) | 109 | $16,217,000 | $148,000 | $369,000 | $44,000 | $160,000 |
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 | 860 | $80,302,000 | $93,000 | $606,000 | $50,000 | $500,000 |
| Application Denied By Financial Institution | 487 | $37,352,000 | $76,000 | $370,000 | $40,000 | $355,000 |
| Loan Purchased By The Institution | 439 | $47,842,000 | $108,000 | $500,000 | $35,000 | $621,000 |
| Application Withdrawn By Applicant | 209 | $22,371,000 | $107,000 | $375,000 | $54,000 | $575,000 |
| File Closed For Incompleteness | 110 | $13,544,000 | $123,000 | $320,000 | $60,000 | $322,000 |
| Application Approved But Not Accepted | 70 | $6,538,000 | $93,000 | $223,000 | $54,000 | $195,000 |
| 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 | 59 | $4,262,000 | $72,000 | $305,000 | $35,000 | $132,000 |
| Other | 37 | $4,257,000 | $115,000 | $316,000 | $47,000 | $157,000 |
| Collateral | 32 | $3,638,000 | $113,000 | $274,000 | $45,000 | $156,000 |
| Debt-To-Income Ratio | 20 | $2,004,000 | $100,000 | $244,000 | $31,000 | $81,000 |
| Employment History | 9 | $936,000 | $104,000 | $153,000 | $50,000 | $114,000 |
| Unverifiable Information | 5 | $488,000 | $97,000 | $194,000 | $47,000 | $113,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $186,000 | $93,000 | $127,000 | $43,000 | $64,000 |
| Credit Application Incomplete | 1 | $79,000 | $79,000 | $79,000 | $22,000 | $22,000 |
| 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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