Hormigueros Municipio, PR Mortgage Lenders & HMDA Data, 2019
In 2019, lenders reported 109 mortgage applications in Hormigueros Municipio, PR totaling $9.3 million, up 36% from 2018. The average application was for $85,000, and applicants reported an average income of $36,000. 48% of applications resulted in an originated loan and 21% were denied. The most active lender was Banco Popular, with 43 applications, followed by Firstbank 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 | 109 |
| Total Mortgage Loan Application Amount | $9,275,000 |
| Average Mortgage Loan Application Amount | $85,000 |
| Highest Mortgage Loan Application Amount | $215,000 |
| Average Applicant Income | $36,000 |
| Highest Applicant Income | $177,000 |
| 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 |
* | $ 37,919,000,000 | 43 | $ 3,475,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 12,232,012,000 | 18 | $ 1,820,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 4,043,091,000 | 12 | $ 1,110,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 6,529,697,000 | 8 | $ 680,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ -1,000 | 6 | $ 480,000 |
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ -1,000 | 4 | $ 280,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ -1,000 | 2 | $ 190,000 |
| Everbank N.A. 501 RIVERSIDE AVENUE JACKSONVILLE, FL 32202 |
* | $ 36,899,806,000 | 2 | $ 130,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 2 | $ 240,000 |
| San Rafael Coop CALLE RAFAEL RODR+¡GUEZ, CANAL 1 URB. AVI QUEBRADILLAS, PR 00678 |
* | $ -1,000 | 2 | $ 90,000 |
| Latin American Financlal 1700 JESUS T. PINERO AVE 2ND FL STE 26 SAN JUAN, PR 00921 |
* | $ -1,000 | 1 | $ 95,000 |
| Trust Mortgage Corp. EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS SAN JUAN, PR 00923 |
* | $ -1,000 | 1 | $ 85,000 |
| Banco Santander Puerto Rico P O BOX 362589, SAN JUAN, PR 00936 |
* | $ 5,177,922,000 | 1 | $ 65,000 |
| Caribe Federal Credit Union 195 ONEIL ST SAN JUAN, PR 00918 |
* | $ 395,266,000 | 1 | $ 65,000 |
| Capital Mortgage 206 ELEANOR ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 1 | $ 65,000 |
| The Lending Center Corporation G-8 ONEILL STREET SAN JUAN, PR 00918 |
* | $ -1,000 | 1 | $ 85,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ -1,000 | 1 | $ 85,000 |
| Planet Home Lending, LLC 321 RESEARCH PARKWAY SUITE 303 MERIDEN, CT 06450 |
* | $ -1,000 | 1 | $ 85,000 |
| Cooperativa A/C Cabo Rojo PR 100 KM. 7.0 BO.MIRADERO CABO ROJO, PR 00623 |
* | $ -1,000 | 1 | $ 65,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ -1,000 | 1 | $ 85,000 |
The tables below break down 2019 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 2019
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 | 76 | $6,460,000 | $85,000 | $195,000 | $32,000 | $115,000 |
| Cash-out Refinancing | 21 | $1,745,000 | $83,000 | $215,000 | $54,000 | $177,000 |
| Refinancing | 7 | $695,000 | $99,000 | $215,000 | $25,000 | $55,000 |
| Not Applicable | 3 | $225,000 | $75,000 | $95,000 | $0 | $0 |
| Other Purpose | 2 | $150,000 | $75,000 | $115,000 | $28,000 | $32,000 |
| 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 | 92 | $8,160,000 | $88,000 | $215,000 | $37,000 | $177,000 |
| Not applicable | 12 | $820,000 | $68,000 | $95,000 | $17,000 | $17,000 |
| White | 4 | $250,000 | $62,000 | $75,000 | $22,000 | $35,000 |
| Black or African American | 1 | $45,000 | $45,000 | $45,000 | $50,000 | $50,000 |
| 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 |
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) | 37 | $2,375,000 | $64,000 | $115,000 | $46,000 | $177,000 |
| FHA-insured (Federal Housing Administration) | 34 | $2,960,000 | $87,000 | $175,000 | $29,000 | $84,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 29 | $2,685,000 | $92,000 | $155,000 | $28,000 | $44,000 |
| VA-guaranteed (Veterans Administration) | 9 | $1,255,000 | $139,000 | $215,000 | $48,000 | $68,000 |
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 | 52 | $4,260,000 | $81,000 | $215,000 | $39,000 | $177,000 |
| Application Denied By Financial Institution | 23 | $2,055,000 | $89,000 | $175,000 | $36,000 | $170,000 |
| Application Withdrawn By Applicant | 13 | $1,255,000 | $96,000 | $215,000 | $31,000 | $70,000 |
| Loan Purchased By The Institution | 12 | $820,000 | $68,000 | $95,000 | $17,000 | $17,000 |
| File Closed For Incompleteness | 5 | $525,000 | $105,000 | $195,000 | $33,000 | $64,000 |
| Application Approved But Not Accepted | 4 | $360,000 | $90,000 | $185,000 | $33,000 | $65,000 |
| 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 | 86 | $7,220,000 | $83,000 | $215,000 | $36,000 | $177,000 |
| Collateral | 7 | $835,000 | $119,000 | $175,000 | $42,000 | $84,000 |
| Credit History | 7 | $525,000 | $75,000 | $95,000 | $45,000 | $170,000 |
| Debt-To-Income Ratio | 5 | $415,000 | $83,000 | $95,000 | $19,000 | $25,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $280,000 | $70,000 | $105,000 | $32,000 | $70,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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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