Florida Municipio, PR Mortgage Lenders & HMDA Data, 2016
In 2016, lenders reported 188 mortgage applications in Florida Municipio, PR totaling $11.8 million, up 14% from 2015. The average application was for $62,000, and applicants reported an average income of $27,000. 45% of applications resulted in an originated loan and 24% were denied. The most active lender was Banco Popular, with 69 applications, followed by Oriental Bank and Scotiabank De Puerto Rico.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 188 |
| Total Mortgage Loan Application Amount | $11,775,000 |
| Average Mortgage Loan Application Amount | $62,000 |
| Highest Mortgage Loan Application Amount | $1,398,000 |
| Average Applicant Income | $27,000 |
| Highest Applicant Income | $122,000 |
Top Mortgage Lenders in Florida Municipio, PR (2016)
Ranked by the number of mortgage applications each lender reported in Florida Municipio, PR in 2016.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Banco Popular San Juan, PR |
69 | $3,766,000 | $54,000 | $23,000 |
| 2 | Oriental Bank San Juan, PR |
32 | $672,000 | $21,000 | $29,000 |
| 3 | Scotiabank De Puerto Rico San Juan, PR |
23 | $1,888,000 | $82,000 | $28,000 |
| 4 | Actual Mortgage Bankers Bayamon, PR |
16 | $1,458,000 | $91,000 | $27,000 |
| 5 | Firstbank San Juan, PR |
16 | $1,388,000 | $86,000 | $29,000 |
| 6 | Vig Mortgage San Juan, PR |
10 | $771,000 | $77,000 | $36,000 |
| 7 | Trust Mortgage Corp. San Juan, PR |
3 | $195,000 | $65,000 | $16,000 |
| 8 | Citimortgage, Inc. Long Island City, NY |
3 | $139,000 | $46,000 | $26,000 |
| 9 | Home Mortgage Bankers Carolina, PR |
2 | $175,000 | $87,000 | $28,000 |
| 10 | Metro Island Mortgage Rio Piedras, PR |
2 | $154,000 | $77,000 | $29,000 |
The tables below break down 2016 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 2016
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 | 77 | $975,000 | $12,000 | $85,000 | $26,000 | $99,000 |
| Home Purchase | 73 | $7,450,000 | $102,000 | $1,398,000 | $23,000 | $105,000 |
| Refinancing | 38 | $3,350,000 | $88,000 | $325,000 | $37,000 | $122,000 |
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 | 155 | $7,515,000 | $48,000 | $171,000 | $29,000 | $122,000 |
| Not applicable | 29 | $3,720,000 | $128,000 | $1,398,000 | $13,000 | $90,000 |
| Not Provided | 2 | $370,000 | $185,000 | $325,000 | $51,000 | $80,000 |
| White | 2 | $170,000 | $85,000 | $160,000 | $42,000 | $57,000 |
| Native Hawaiin 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) | 106 | $4,448,000 | $41,000 | $1,398,000 | $31,000 | $122,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 53 | $4,988,000 | $94,000 | $171,000 | $20,000 | $61,000 |
| FHA-insured (Federal Housing Administration) | 26 | $1,989,000 | $76,000 | $134,000 | $21,000 | $59,000 |
| VA-guaranteed (Veterans Administration) | 3 | $350,000 | $116,000 | $140,000 | $50,000 | $74,000 |
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 | 84 | $5,229,000 | $62,000 | $325,000 | $31,000 | $105,000 |
| Application Denied By Financial Institution | 45 | $1,001,000 | $22,000 | $108,000 | $25,000 | $90,000 |
| Loan Purchased By The Institution | 28 | $3,664,000 | $130,000 | $1,398,000 | $10,000 | $59,000 |
| Application Withdrawn By Applicant | 14 | $1,195,000 | $85,000 | $171,000 | $30,000 | $70,000 |
| Application Approved But Not Accepted | 14 | $436,000 | $31,000 | $125,000 | $35,000 | $71,000 |
| File Closed For Incompleteness | 3 | $250,000 | $83,000 | $138,000 | $56,000 | $122,000 |
| 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 | 5 | $306,000 | $61,000 | $85,000 | $36,000 | $90,000 |
| Credit History | 2 | $117,000 | $58,000 | $59,000 | $36,000 | $46,000 |
| Collateral | 1 | $59,000 | $59,000 | $59,000 | $46,000 | $46,000 |
| Other | 1 | $45,000 | $45,000 | $45,000 | $23,000 | $23,000 |
| 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 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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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