Hormigueros Municipio, PR Mortgage Lenders & HMDA Data, 2009

In 2009, lenders reported 521 mortgage applications in Hormigueros Municipio, PR totaling $37.8 million, up 18% from 2008. The average application was for $72,000, and applicants reported an average income of $35,000. 48% of applications resulted in an originated loan and 27% were denied. The most active lender was Popular Mortgage, Inc., with 133 applications, followed by Banco Popular De Puerto Rico and Westernbak Puerto Rico.

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Total Number of Mortgage Applications 521
Total Mortgage Loan Application Amount $37,827,000
Average Mortgage Loan Application Amount $72,000
Highest Mortgage Loan Application Amount $626,000
Average Applicant Income $35,000
Highest Applicant Income $177,000

Mortgage Company List for Lending in Hormigueros Municipio, PR for 2009

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Popular Mortgage, Inc.
PO BOX 362708
SAN JUAN, PR 00936
* $ 25,691,000,000 133 $ 13,078,000
Banco Popular De Puerto Rico
PO BOX 362708
SAN JUAN, PR 00936
* $ 25,522,000,000 89 $ 1,141,000
Westernbak Puerto Rico
PO BOX 1180
MAYAGUEZ, PR 00681
* $ 15,239,790,000 70 $ 3,006,000
R-G Premier Bank of P.R.
PO BOX 2510
GUAYNABO, PR 00970
* $ 7,050,076,000 56 $ 4,173,000
Oriental Bank
PO BOX 195115
SAN JUAN, PR 00919
* $ 5,839,415,000 29 $ 2,924,000
Doral Mortgage LLC
DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV
SAN JUAN, PR 00921
* $ 11,855,073,000 27 $ 2,456,000
Citibank, N.A.
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 1,227,040,000,000 24 $ 1,587,000
Firstbank Puerto Rico
PO BOX 9146
SANTURCE, PR 00908
* $ 18,492,607,000 18 $ 1,347,000
Doral Bank
268 PONCE DE LEON SUITE 910
SAN JUAN, PR 00918
* $ 9,048,489,000 11 $ 1,000,000
Firstmortgage
PO BOX 9146
SAN JUAN, PR 00908
* $ 9,582,507,000 9 $ 983,000
Scotiabank De Puerto Rico
290 JESUS T. PIN++ERO
SAN JUAN, PR 00918
* $ 1,525,092,000 9 $ 600,000
Banco Bilbao Vizcaya Argentari
254 MUNOZ RIVERA AVE
SAN JUAN, PR 00918
* $ 6,033,316,000 8 $ 943,000
Banco Santander
P.O.BOX 362589
SAN JUAN, PR 00936
* $ 7,724,708,000 8 $ 590,000
Santander Financial Services
P.O. BOX 362589
SAN JUAN, PR 00936
* $ 8,082,156,000 5 $ 356,000
Alianza Hipotecaria
P.O. BOX 366201
SAN JUAN, PR 00936
* $ 10,000,000 5 $ 392,000
Cooperativa De Ahorroy Credito
PO BOX 608
RINCON, PR 00677
* $ 10,000,000 3 $ 343,000
Reliable Financial Services
PO BOX 21382, MAC F0302-001
SAN JUAN, PR 00928
* $ 481,996,000 3 $ 669,000
James B. Nutter & Co.
4153 BROADWAY
KANSAS CITY, MO 64111
* $ 31,000,000 2 $ 778,000
Home Mortgage Bankers
AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F
CAROLINA, PR 00983
* $ 10,000,000 2 $ 191,000
Hr Mortgage Corp
M11 CALLE ROBLE, VILLA TURABO
CAGUAS, PR 00725
* $ 10,000,000 2 $ 454,000
First Security Mortgage
97 DE DIEGO AVE.
SAN JUAN, PR 00929
* $ 10,000,000 1 $ 224,000
Advance Mortgage Bankers, Inc.
P.O. BOX 50286
TOA BAJA, PR 00950
* $ 15,555,000 1 $ 129,000
San Rafael Coop
CALLE RAFAEL RODR+¡GUEZ, CANAL 1 URB. AVI
QUEBRADILLAS, PR 00678
* $ 137,000,000 1 $ 72,000
First Mortgage Capital
P.O BOX 550
BAYAMON, PR 00960
* $ 10,000,000 1 $ 68,000
Metro Island Mortgage
VILLA NEVAREZ PROF. CENTER SUITE 201
RIO PIEDRAS, PR 00927
* $ 10,000,000 1 $ 45,000
Pentagon Federal Credit Union
14300 SULLYFIELD CIRCLE
CHANTILLY, VA 20151
* $ 12,942,945,000 1 $ 126,000
Baxter Credit Union
340 N MILWAUKEE AVE
340 N MILWAUKEE AVE, IL 60061
* $ 1,357,964,000 1 $ 76,000
The Moneyhouse Inc.
#52 CALLE PASEO COVANDONGA
SAN JUAN, PR 00901
* $ 10,000,000 1 $ 76,000

The tables below break down 2009 mortgage applications in Hormigueros 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 Hormigueros Municipio, PR in 2009

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 189 $19,621,000 $103,000 $354,000 $38,000 $135,000
Home Improvement 170 $4,030,000 $23,000 $287,000 $28,000 $109,000
Home Purchase 162 $14,176,000 $87,000 $626,000 $37,000 $177,000

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 467 $33,680,000 $72,000 $626,000 $35,000 $156,000
Not applicable 48 $3,390,000 $70,000 $167,000 $32,000 $131,000
White 4 $407,000 $101,000 $185,000 $71,000 $177,000
Not Provided 2 $350,000 $175,000 $224,000 $17,000 $34,000
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) 385 $22,765,000 $59,000 $354,000 $34,000 $177,000
FHA-insured (Federal Housing Administration) 126 $13,863,000 $110,000 $626,000 $34,000 $86,000
VA-guaranteed (Veterans Administration) 7 $969,000 $138,000 $229,000 $43,000 $63,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $230,000 $76,000 $94,000 $25,000 $40,000

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 249 $19,015,000 $76,000 $626,000 $37,000 $177,000
Application Denied By Financial Institution 142 $8,097,000 $57,000 $287,000 $28,000 $113,000
Loan Purchased By The Institution 54 $3,949,000 $73,000 $167,000 $34,000 $135,000
Application Withdrawn By Applicant 41 $3,910,000 $95,000 $218,000 $42,000 $156,000
Application Approved But Not Accepted 21 $1,292,000 $61,000 $240,000 $35,000 $68,000
File Closed For Incompleteness 14 $1,564,000 $111,000 $240,000 $39,000 $88,000
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 18 $743,000 $41,000 $126,000 $27,000 $54,000
Debt-To-Income Ratio 14 $868,000 $62,000 $226,000 $20,000 $36,000
Insufficient Cash (Downpayment, Closing Cost) 9 $194,000 $21,000 $70,000 $22,000 $47,000
Other 5 $217,000 $43,000 $120,000 $17,000 $51,000
Unverifiable Information 1 $5,000 $5,000 $5,000 $10,000 $10,000
Employment History 1 $107,000 $107,000 $107,000 $14,000 $14,000
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 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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