Hatillo Municipio, PR Mortgage Lenders & HMDA Data, 2005

In 2005, lenders reported 1,665 mortgage applications in Hatillo Municipio, PR totaling $145.1 million, down 3% from 2004. The average application was for $87,000, and applicants reported an average income of $46,000. 48% of applications resulted in an originated loan and 22% were denied. The most active lender was Banco Popular De Puerto Rico, with 249 applications, followed by R & G Mortgage Corporation and R-G Premier Bank of P.R..

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Total Number of Mortgage Applications 1,665
Total Mortgage Loan Application Amount $145,087,000
Average Mortgage Loan Application Amount $87,000
Highest Mortgage Loan Application Amount $842,000
Average Applicant Income $46,000
Highest Applicant Income $1,000,000
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Top Mortgage Lenders in Hatillo Municipio, PR (2005)

Ranked by the number of mortgage applications each lender reported in Hatillo Municipio, PR in 2005.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Banco Popular De Puerto Rico
San Juan, PR
249 $7,378,000 $29,000 $43,000
2 R & G Mortgage Corporation
San Juan, PR
153 $14,540,000 $95,000 $37,000
3 R-G Premier Bank of P.R.
Guaynabo, PR
149 $15,310,000 $102,000 $36,000
4 Popular Mortgage, Inc.
San Juan, PR
142 $17,870,000 $125,000 $43,000
5 Doral Mortgage Corp.
San Juan, PR
136 $11,754,000 $86,000 $42,000
6 The Mortgage Store of P.R.
San Juan, PR
92 $9,498,000 $103,000 $65,000
7 Citibank, N.A.
New York, NY
85 $2,559,000 $30,000 $33,000
8 Banco Santander
San Juan, PR
82 $5,861,000 $71,000 $19,000
9 Firstmortgage
San Juan, PR
74 $9,779,000 $132,000 $72,000
10 Doral Bank
San Juan, PR
60 $6,834,000 $113,000 $46,000

See every lender active in Hatillo Municipio, PR in 2005 »

The tables below break down 2005 mortgage applications in Hatillo 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 Hatillo Municipio, PR in 2005

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
Refinancing 670 $73,378,000 $109,000 $842,000 $52,000 $1,000,000
Home Purchase 532 $60,575,000 $113,000 $785,000 $43,000 $515,000
Home Improvement 463 $11,134,000 $24,000 $380,000 $41,000 $796,000

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 1,501 $128,150,000 $85,000 $842,000 $49,000 $1,000,000
Not applicable 116 $14,343,000 $123,000 $440,000 $8,000 $63,000
Not Provided 38 $1,294,000 $34,000 $200,000 $45,000 $222,000
White 9 $1,200,000 $133,000 $231,000 $51,000 $110,000
Asian 1 $100,000 $100,000 $100,000 $74,000 $74,000
Black or African American 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 1,587 $137,261,000 $86,000 $842,000 $48,000 $1,000,000
FHA-insured (Federal Housing Administration) 53 $5,134,000 $96,000 $233,000 $32,000 $133,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 21 $1,989,000 $94,000 $169,000 $28,000 $58,000
VA-guaranteed (Veterans Administration) 4 $703,000 $175,000 $231,000 $61,000 $110,000

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 797 $71,187,000 $89,000 $842,000 $49,000 $516,000
Application Denied By Financial Institution 374 $21,861,000 $58,000 $708,000 $39,000 $796,000
Application Withdrawn By Applicant 183 $18,893,000 $103,000 $785,000 $64,000 $1,000,000
Loan Purchased By The Institution 166 $20,964,000 $126,000 $711,000 $17,000 $516,000
Application Approved But Not Accepted 78 $6,426,000 $82,000 $380,000 $65,000 $457,000
File Closed For Incompleteness 67 $5,756,000 $85,000 $461,000 $43,000 $300,000
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 89 $5,268,000 $59,000 $708,000 $51,000 $300,000
Debt-To-Income Ratio 33 $1,363,000 $41,000 $169,000 $30,000 $58,000
Other 25 $1,138,000 $45,000 $276,000 $33,000 $105,000
Collateral 23 $1,794,000 $78,000 $260,000 $33,000 $119,000
Employment History 4 $247,000 $61,000 $126,000 $26,000 $64,000
Insufficient Cash (Downpayment, Closing Cost) 2 $110,000 $55,000 $105,000 $27,000 $37,000
Mortgage Insurance Denied 2 $766,000 $383,000 $696,000 $189,000 $360,000
Credit Application Incomplete 1 $46,000 $46,000 $46,000 $31,000 $31,000
Unverifiable Information 1 $10,000 $10,000 $10,000 $13,000 $13,000

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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