Hormigueros Municipio, PR Mortgage Lenders & HMDA Data, 2018
In 2018, lenders reported 80 mortgage applications in Hormigueros Municipio, PR totaling $7.2 million, down 49% from 2017. The average application was for $89,000, and applicants reported an average income of $37,000. 54% of applications resulted in an originated loan and 28% were denied. The most active lender was Banco Popular, with 20 applications, followed by Firstbank and Oriental Bank.
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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 | 80 |
| Total Mortgage Loan Application Amount | $7,160,000 |
| Average Mortgage Loan Application Amount | $89,000 |
| Highest Mortgage Loan Application Amount | $175,000 |
| Average Applicant Income | $37,000 |
| Highest Applicant Income | $133,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Banco Popular PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 34,726,000,000 | 20 | $ 1,670,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 12,246,248,000 | 18 | $ 2,000,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 6,145,411,000 | 13 | $ 1,145,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 4,131,799,000 | 8 | $ 590,000 |
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ -1,000 | 6 | $ 380,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ -1,000 | 4 | $ 370,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ -1,000 | 3 | $ 355,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 1 | $ 105,000 |
| Cooperativa De Ahorro Y Credito De Aguada P.O. BOX 543 AGUADA, PR 00602 |
* | $ -1,000 | 1 | $ 95,000 |
| Latin American Financlal 1700 JESUS T. PINERO AVE 2ND FL STE 26 SAN JUAN, PR 00921 |
* | $ -1,000 | 1 | $ 85,000 |
| Senior Mortgage Banker 1239 ROOSEVELT AVE SAN JUAN, PR 00920 |
* | $ -1,000 | 1 | $ 75,000 |
| Capital Mortgage 206 ELEANOR ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 1 | $ 85,000 |
| Caribe Federal Credit Union 195 ONEIL ST SAN JUAN, PR 00918 |
* | $ 358,897,000 | 1 | $ 65,000 |
| Apex Bank 102 E MAIN ST CAMDEN, TN 38320 |
* | $ 524,869,000 | 1 | $ 35,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 2,948,023,000 | 1 | $ 105,000 |
The tables below break down 2018 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 2018
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 | 56 | $5,080,000 | $90,000 | $175,000 | $34,000 | $125,000 |
| Cash-out Refinancing | 12 | $910,000 | $75,000 | $165,000 | $33,000 | $94,000 |
| Refinancing | 10 | $1,030,000 | $103,000 | $165,000 | $57,000 | $133,000 |
| Not Applicable | 1 | $35,000 | $35,000 | $35,000 | $0 | $0 |
| Other Purpose | 1 | $105,000 | $105,000 | $105,000 | $18,000 | $18,000 |
| 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 | 75 | $6,705,000 | $89,000 | $175,000 | $36,000 | $133,000 |
| Not applicable | 3 | $275,000 | $91,000 | $135,000 | $0 | $0 |
| White | 2 | $180,000 | $90,000 | $135,000 | $66,000 | $67,000 |
| Not Provided | 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 |
| 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) | 27 | $2,025,000 | $75,000 | $155,000 | $47,000 | $133,000 |
| FHA-insured (Federal Housing Administration) | 25 | $2,425,000 | $97,000 | $165,000 | $33,000 | $68,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 22 | $1,970,000 | $89,000 | $135,000 | $29,000 | $69,000 |
| VA-guaranteed (Veterans Administration) | 6 | $740,000 | $123,000 | $175,000 | $37,000 | $53,000 |
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 | 43 | $3,875,000 | $90,000 | $165,000 | $42,000 | $133,000 |
| Application Denied By Financial Institution | 22 | $1,950,000 | $88,000 | $155,000 | $28,000 | $94,000 |
| Application Withdrawn By Applicant | 9 | $795,000 | $88,000 | $175,000 | $33,000 | $78,000 |
| Loan Purchased By The Institution | 3 | $275,000 | $91,000 | $135,000 | $0 | $0 |
| Application Approved But Not Accepted | 2 | $170,000 | $85,000 | $85,000 | $39,000 | $50,000 |
| File Closed For Incompleteness | 1 | $95,000 | $95,000 | $95,000 | $43,000 | $43,000 |
| 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 | 57 | $5,175,000 | $90,000 | $175,000 | $40,000 | $133,000 |
| Collateral | 7 | $685,000 | $97,000 | $155,000 | $29,000 | $52,000 |
| Debt-To-Income Ratio | 7 | $575,000 | $82,000 | $105,000 | $36,000 | $94,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $225,000 | $75,000 | $95,000 | $24,000 | $30,000 |
| Credit History | 3 | $225,000 | $75,000 | $95,000 | $31,000 | $44,000 |
| Other | 1 | $145,000 | $145,000 | $145,000 | $34,000 | $34,000 |
| Unverifiable Information | 1 | $65,000 | $65,000 | $65,000 | $13,000 | $13,000 |
| Employment History | 1 | $65,000 | $65,000 | $65,000 | $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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