Gurabo Municipio, PR Mortgage Lenders & HMDA Data, 2023
In 2023, lenders reported 531 mortgage applications in Gurabo Municipio, PR totaling $97.4 million, down 21% from 2022. The average application was for $183,000, and applicants reported an average income of $84,000. 61% of applications resulted in an originated loan and 10% were denied. The most active lender was Banco Popular, with 185 applications, followed by Firstbank and The Moneyhouse Inc..
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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 | 531 |
| Total Mortgage Loan Application Amount | $97,425,000 |
| Average Mortgage Loan Application Amount | $183,000 |
| Highest Mortgage Loan Application Amount | $535,000 |
| Average Applicant Income | $84,000 |
| Highest Applicant Income | $752,000 |
Top Mortgage Lenders in Gurabo Municipio, PR (2023)
Ranked by the number of mortgage applications each lender reported in Gurabo Municipio, PR in 2023.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Banco Popular San Juan, PR |
185 | $37,695,000 | $203,000 | $116,000 |
| 2 | Firstbank San Juan, PR |
57 | $10,745,000 | $188,000 | $91,000 |
| 3 | The Moneyhouse Inc. San Juan, PR |
49 | $7,235,000 | $147,000 | $72,000 |
| 4 | Oriental Bank San Juan, PR |
38 | $7,360,000 | $193,000 | $92,000 |
| 5 | First Equity Mortgage Bankers Inc. Miami, FL |
26 | $5,780,000 | $222,000 | $80,000 |
| 6 | Hr Mortgage Corp Caguas, PR |
25 | $3,285,000 | $131,000 | $54,000 |
| 7 | Metro Island Mortgage Rio Piedras, PR |
20 | $3,110,000 | $155,000 | $56,000 |
| 8 | Home Mortgage Bankers Carolina, PR |
16 | $1,880,000 | $117,000 | $43,000 |
| 9 | Sun West Mortgage Company, Inc Cerritos, CA |
13 | $2,055,000 | $158,000 | $55,000 |
| 10 | Preferred Mortgage LLC San Juan, PR |
11 | $2,045,000 | $185,000 | $78,000 |
The tables below break down 2023 mortgage applications in Gurabo 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 Gurabo Municipio, PR in 2023
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 | 486 | $91,320,000 | $187,000 | $535,000 | $83,000 | $752,000 |
| Cash-out Refinancing | 15 | $2,175,000 | $145,000 | $305,000 | $85,000 | $291,000 |
| Not Applicable | 14 | $1,390,000 | $99,000 | $245,000 | $0 | $0 |
| Refinancing | 13 | $2,215,000 | $170,000 | $415,000 | $83,000 | $180,000 |
| Other Purpose | 3 | $325,000 | $108,000 | $165,000 | $161,000 | $232,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 418 | $79,570,000 | $190,000 | $535,000 | $85,000 | $752,000 |
| Not applicable | 98 | $15,230,000 | $155,000 | $385,000 | $0 | $0 |
| White | 8 | $1,230,000 | $153,000 | $315,000 | $44,000 | $75,000 |
| Black or African American | 5 | $1,025,000 | $205,000 | $305,000 | $66,000 | $115,000 |
| Not Provided | 2 | $370,000 | $185,000 | $205,000 | $59,000 | $82,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 217 | $43,275,000 | $199,000 | $445,000 | $83,000 | $297,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 138 | $20,070,000 | $145,000 | $385,000 | $53,000 | $113,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 127 | $20,915,000 | $164,000 | $375,000 | $107,000 | $752,000 |
| VA-guaranteed (Veterans Administration) | 49 | $13,165,000 | $268,000 | $535,000 | $97,000 | $236,000 |
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 | 325 | $60,735,000 | $186,000 | $535,000 | $83,000 | $752,000 |
| Loan Purchased By The Institution | 97 | $14,865,000 | $153,000 | $385,000 | $0 | $0 |
| Application Denied By Financial Institution | 54 | $10,390,000 | $192,000 | $385,000 | $73,000 | $283,000 |
| Application Withdrawn By Applicant | 45 | $9,405,000 | $209,000 | $385,000 | $101,000 | $357,000 |
| Application Approved But Not Accepted | 9 | $1,915,000 | $212,000 | $385,000 | $86,000 | $186,000 |
| File Closed For Incompleteness | 1 | $115,000 | $115,000 | $115,000 | $36,000 | $36,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 477 | $87,035,000 | $182,000 | $535,000 | $85,000 | $752,000 |
| Debt-To-Income Ratio | 21 | $4,545,000 | $216,000 | $385,000 | $83,000 | $283,000 |
| Collateral | 18 | $2,960,000 | $164,000 | $365,000 | $71,000 | $172,000 |
| Other | 3 | $795,000 | $265,000 | $365,000 | $92,000 | $160,000 |
| Unverifiable Information | 3 | $735,000 | $245,000 | $325,000 | $76,000 | $105,000 |
| Employment History | 3 | $555,000 | $185,000 | $295,000 | $35,000 | $71,000 |
| Credit History | 3 | $395,000 | $131,000 | $215,000 | $49,000 | $66,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $310,000 | $155,000 | $255,000 | $64,000 | $108,000 |
| Credit Application Incomplete | 1 | $95,000 | $95,000 | $95,000 | $48,000 | $48,000 |
| 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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