Lares Municipio, PR Mortgage Lenders & HMDA Data, 2003
In 2003, lenders reported 834 mortgage applications in Lares Municipio, PR totaling $46.1 million. The average application was for $55,000, and applicants reported an average income of $36,000. 42% of applications resulted in an originated loan and 29% were denied. The most active lender was Banco Santander, with 110 applications, followed by Banco Popular De Puerto Rico and R-G Premier Bank of P.R..
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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 | 834 |
| Total Mortgage Loan Application Amount | $46,117,000 |
| Average Mortgage Loan Application Amount | $55,000 |
| Highest Mortgage Loan Application Amount | $440,000 |
| Average Applicant Income | $36,000 |
| Highest Applicant Income | $360,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Banco Santander P.O.BOX 362589 SAN JUAN, PR 00936 |
* | $ 7,061,819,000 | 110 | $ 2,496,000 |
| Banco Popular De Puerto Rico PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 21,491,000,000 | 107 | $ 2,166,000 |
| R-G Premier Bank of P.R. PO BOX 2510 GUAYNABO, PR 00970 |
* | $ 4,694,821,000 | 104 | $ 5,666,000 |
| Associates International Hold 1 COURT SQUARE, 45TH FLOOR, ZONE 15 LONG ISLAND CITY, NY 11120 |
* | $ 424,000,000,000 | 68 | $ 1,988,000 |
| Doral Mortgage Corp. DORAL FINANCIAL PLAZA 1451 ROOSEVELT AVE S.J., PR 00921 |
* | $ 31,000,000 | 67 | $ 5,354,000 |
| Popular Mortgage, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 21,491,000,000 | 57 | $ 5,114,000 |
| R & G Mortgage Corporation P O BOX 362394 SAN JUAN, PR 00936 |
* | $ 6,277,246,000 | 55 | $ 4,035,000 |
| Coop Ahorro Y Credito De Lares AVE.LOS PATRIOTAS C/111 KM 8.3 LARES, PR 00669 |
* | $ 10,000,000 | 36 | $ 1,965,000 |
| Firstbank Puerto Rico PO BOX 9146 SANTURCE, PR 00908 |
* | $ 9,582,508,000 | 30 | $ 2,044,000 |
| The Mortgage Store of P.R. PO BOX 362394 SAN JUAN, PR 00936 |
* | $ 6,277,246,000 | 25 | $ 2,100,000 |
| Santander Mortgage PO BOX 192199 SAN JUAN, PR 00919 |
* | $ 7,063,554,000 | 22 | $ 2,172,000 |
| Cmfc, Inc. ONE COURT SQUARE, 45TH FLOOR/ZONE 15 LONG ISLAND CITY, NY 11120 |
* | $ 455,000,000,000 | 18 | $ 1,504,000 |
| Popular Finance, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 21,491,000,000 | 17 | $ 772,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 14 | $ 1,043,000 |
| Citibank, N.A. 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 498,676,000,000 | 14 | $ 200,000 |
| Hf Mortgage Bankers 1159 AVE FRANKLIN D. ROOSEVELT SAN JUAN, PR 00920 |
* | $ 31,000,000 | 12 | $ 911,000 |
| Westernbak Puerto Rico PO BOX 1180 MAYAGUEZ, PR 00681 |
* | $ 8,187,573,000 | 11 | $ 758,000 |
| Doral Bank 268 PONCE DE LEON SUITE 910 SAN JUAN, PR 00918 |
* | $ 5,049,804,000 | 9 | $ 883,000 |
| Sana Investment Mortgage Banke DORAL BANK BLD 1569 ALDA ST SUITE 302 RIO PIEDRAS, PR 00926 |
* | $ 10,000,000 | 8 | $ 680,000 |
| R-G Crown Bank 105 LIVE OAKS GARDENS CASSELBERRY, FL 32707 |
* | $ 852,177,000 | 7 | $ 368,000 |
| Banco Bilbao Vizcaya Argentari 254 MUNOZ RIVERA AVE SAN JUAN, PR 00918 |
* | $ 5,140,685,000 | 7 | $ 661,000 |
| Centro Hipotecario Hato Rey 305 AVE FRANKLIN D. ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 6 | $ 499,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 2,750,103,000 | 6 | $ 620,000 |
| New York Mortgage Bankers AVE.PONCE DE LEON #818 MIRAMAR SAN JUAN, PR 00908 |
* | $ 10,000,000 | 4 | $ 508,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 1,366,266,000 | 4 | $ 466,000 |
| Easy Money - Mortgage Division 22 MUNOZ MARIN AVE VILLA BLANC CAGUAS, PR 00725 |
* | $ 10,000,000 | 3 | $ 274,000 |
| Pan American Financial Corp. 1505 F.D. ROOSEVELT, SUITE 201 GUAYNABO, PR 00968 |
* | $ 10,000,000 | 2 | $ 251,000 |
| Popular Auto PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 21,491,000,000 | 2 | $ 2,000 |
| Hfc 140 INDUSTRIAL DRIVE ELMHURST, IL 60126 |
* | $ 10,000,000 | 1 | $ 70,000 |
| Jt Mortgage Corp. P O BOX 1768 CAGUAS, PR 00726 |
* | $ 10,000,000 | 1 | $ 60,000 |
| Levitt Mortgage Corporation PO BOX 193970 SAN JUAN, PR 00919 |
* | $ 33,660,000,000 | 1 | $ 55,000 |
| Master Mortgage Corporation 280 DOMENECH AVE. BALDRICH DEV. SAN JUAN, PR 00918 |
* | $ 10,000,000 | 1 | $ 70,000 |
| First Security Mortgage 97 DE DIEGO AVE. SAN JUAN, PR 00929 |
* | $ 10,000,000 | 1 | $ 114,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 1 | $ 40,000 |
| Cooperativa De A/C Arecibo PO BOX 1056 ARECIBO, PR 00613 |
* | $ 10,000,000 | 1 | $ 60,000 |
| Beewee Mortgage Bankers Corpor 416 PONCE DE LEON UNION PLAZA SAN JUAN, PR 00918 |
* | $ 10,000,000 | 1 | $ 94,000 |
| Banco Popular National Assoc PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 50,041,000 | 1 | $ 54,000 |
The tables below break down 2003 mortgage applications in Lares 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 Lares Municipio, PR in 2003
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 (home purchase or home improvement, one-to-four family) | 412 | $29,468,000 | $71,000 | $440,000 | $37,000 | $360,000 |
| Home Purchase (one-to-four family) | 212 | $13,692,000 | $64,000 | $200,000 | $39,000 | $223,000 |
| Home Improvement (one-to-four family) | 210 | $2,957,000 | $14,000 | $165,000 | $24,000 | $144,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 646 | $38,184,000 | $59,000 | $440,000 | $38,000 | $360,000 |
| Information not provided by applicant in mail or telephone application | 119 | $3,374,000 | $28,000 | $209,000 | $29,000 | $148,000 |
| Not applicable | 62 | $4,391,000 | $70,000 | $176,000 | $6,000 | $71,000 |
| White | 4 | $25,000 | $6,000 | $10,000 | $14,000 | $29,000 |
| American Indian or Alaskan Native | 3 | $143,000 | $47,000 | $123,000 | $117,000 | $221,000 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 787 | $42,314,000 | $53,000 | $440,000 | $36,000 | $360,000 |
| FHA-insured (Federal Housing Administration) | 41 | $3,086,000 | $75,000 | $130,000 | $29,000 | $57,000 |
| VA-guaranteed (Veterans Administration) | 6 | $717,000 | $119,000 | $179,000 | $52,000 | $118,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 351 | $21,228,000 | $60,000 | $279,000 | $35,000 | $223,000 |
| Application Denied By Financial Institution | 238 | $8,384,000 | $35,000 | $209,000 | $34,000 | $360,000 |
| Loan Purchased By The Institution | 83 | $5,910,000 | $71,000 | $176,000 | $25,000 | $223,000 |
| Application Withdrawn By Applicant | 64 | $3,888,000 | $60,000 | $240,000 | $43,000 | $221,000 |
| File Closed For Incompleteness | 54 | $4,293,000 | $79,000 | $440,000 | $39,000 | $199,000 |
| Application Approved But Not Accepted | 44 | $2,414,000 | $54,000 | $150,000 | $42,000 | $149,000 |
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 | 77 | $2,704,000 | $35,000 | $209,000 | $37,000 | $360,000 |
| Debt-To-Income Ratio | 30 | $784,000 | $26,000 | $125,000 | $23,000 | $54,000 |
| Collateral | 14 | $770,000 | $55,000 | $128,000 | $39,000 | $115,000 |
| Credit Application Incomplete | 13 | $311,000 | $23,000 | $91,000 | $28,000 | $40,000 |
| Other | 8 | $183,000 | $22,000 | $98,000 | $21,000 | $46,000 |
| Employment History | 4 | $160,000 | $40,000 | $145,000 | $21,000 | $28,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $135,000 | $45,000 | $76,000 | $23,000 | $37,000 |
| Mortgage Insurance Denied | 1 | $113,000 | $113,000 | $113,000 | $75,000 | $75,000 |
| Unverifiable Information | 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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