Florida Municipio, PR Mortgage Lenders & HMDA Data, 2010

In 2010, lenders reported 228 mortgage applications in Florida Municipio, PR totaling $15.6 million, down 19% from 2009. The average application was for $68,000, and applicants reported an average income of $31,000. 40% of applications resulted in an originated loan and 26% were denied. The most active lender was Banco Popular De Puerto Rico, with 50 applications, followed by Popular Mortgage, Inc. and Scotiabank De Puerto Rico.

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Total Number of Mortgage Applications 228
Total Mortgage Loan Application Amount $15,632,000
Average Mortgage Loan Application Amount $68,000
Highest Mortgage Loan Application Amount $255,000
Average Applicant Income $31,000
Highest Applicant Income $144,000
Download the Puerto Rico Lender List

Top Mortgage Lenders in Florida Municipio, PR (2010)

Ranked by the number of mortgage applications each lender reported in Florida Municipio, PR in 2010.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Banco Popular De Puerto Rico
San Juan, PR
50 $496,000 $9,000 $24,000
2 Popular Mortgage, Inc.
San Juan, PR
41 $3,707,000 $90,000 $35,000
3 Scotiabank De Puerto Rico
San Juan, PR
37 $2,495,000 $67,000 $30,000
4 Firstbank Puerto Rico
Santurce, PR
22 $2,135,000 $97,000 $37,000
5 The Lending Center Corporation
San Juan, PR
18 $1,551,000 $86,000 $33,000
6 Doral Mortgage LLC
San Juan, PR
13 $1,098,000 $84,000 $31,000
7 Doral Bank
San Juan, PR
9 $724,000 $80,000 $32,000
8 Oriental Bank
San Juan, PR
5 $336,000 $67,000 $27,000
9 The Moneyhouse Inc.
San Juan, PR
5 $378,000 $75,000 $39,000
10 Banco Santander
San Juan, PR
4 $163,000 $40,000 $29,000

See every lender active in Florida Municipio, PR in 2010 »

The tables below break down 2010 mortgage applications in Florida 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 Florida Municipio, 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 Improvement 80 $1,475,000 $18,000 $102,000 $24,000 $104,000
Home Purchase 77 $7,842,000 $101,000 $255,000 $37,000 $144,000
Refinancing 71 $6,315,000 $88,000 $195,000 $33,000 $77,000

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 190 $12,655,000 $66,000 $255,000 $33,000 $144,000
Not applicable 35 $2,963,000 $84,000 $197,000 $24,000 $132,000
Not Provided 2 $12,000 $6,000 $10,000 $30,000 $51,000
White 1 $2,000 $2,000 $2,000 $13,000 $13,000
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
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) 127 $5,163,000 $40,000 $195,000 $32,000 $144,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 48 $5,020,000 $104,000 $255,000 $28,000 $77,000
FHA-insured (Federal Housing Administration) 45 $4,547,000 $101,000 $201,000 $32,000 $95,000
VA-guaranteed (Veterans Administration) 8 $902,000 $112,000 $227,000 $36,000 $75,000

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 91 $6,441,000 $70,000 $255,000 $36,000 $144,000
Application Denied By Financial Institution 60 $2,588,000 $43,000 $228,000 $26,000 $72,000
Loan Purchased By The Institution 39 $3,395,000 $87,000 $197,000 $24,000 $132,000
Application Withdrawn By Applicant 23 $2,080,000 $90,000 $201,000 $40,000 $104,000
File Closed For Incompleteness 9 $834,000 $92,000 $227,000 $30,000 $75,000
Application Approved But Not Accepted 6 $294,000 $49,000 $143,000 $26,000 $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
Debt-To-Income Ratio 4 $149,000 $37,000 $98,000 $19,000 $33,000
Collateral 4 $260,000 $65,000 $102,000 $23,000 $32,000
Credit History 3 $38,000 $12,000 $25,000 $24,000 $36,000
Other 1 $195,000 $195,000 $195,000 $60,000 $60,000
Employment History 1 $78,000 $78,000 $78,000 $30,000 $30,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 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.

Download the Puerto Rico Lender List