Lares Municipio, PR Mortgage Lenders & HMDA Data, 2010
In 2010, lenders reported 239 mortgage applications in Lares Municipio, PR totaling $18.3 million, down 42% from 2009. The average application was for $76,000, and applicants reported an average income of $41,000. 45% of applications resulted in an originated loan and 24% were denied. The most active lender was Banco Popular De Puerto Rico, with 45 applications, followed by Popular Mortgage, Inc. and Doral Mortgage LLC.
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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 | 239 |
| Total Mortgage Loan Application Amount | $18,266,000 |
| Average Mortgage Loan Application Amount | $76,000 |
| Highest Mortgage Loan Application Amount | $323,000 |
| Average Applicant Income | $41,000 |
| Highest Applicant Income | $487,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Banco Popular De Puerto Rico PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 23,271,000,000 | 45 | $ 588,000 |
| Popular Mortgage, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 37 | $ 3,854,000 |
| Doral Mortgage LLC DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV SAN JUAN, PR 00921 |
* | $ 11,855,073,000 | 23 | $ 2,374,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 1,775,127,000 | 22 | $ 1,301,000 |
| Firstbank Puerto Rico PO BOX 9146 SANTURCE, PR 00908 |
* | $ 19,616,388,000 | 20 | $ 1,544,000 |
| Doral Bank 268 PONCE DE LEON SUITE 910 SAN JUAN, PR 00918 |
* | $ 9,288,322,000 | 13 | $ 1,262,000 |
| Santander Financial Services P.O. BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 11 | $ 1,033,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 6,412,164,000 | 10 | $ 984,000 |
| Banco Santander P.O.BOX 362589 SAN JUAN, PR 00936 |
* | $ 6,591,027,000 | 9 | $ 660,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 9 | $ 960,000 |
| Coop Ahorro Y Credito De Lares AVE.LOS PATRIOTAS C/111 KM 8.3 LARES, PR 00669 |
* | $ 10,000,000 | 7 | $ 445,000 |
| Cooperativa De Ahorro Y Credito Del Bo. Quebrada De Camuy HC 02 BOX 7873 CAMUY, PR 00627 |
* | $ 10,000,000 | 6 | $ 285,000 |
| Reliable Financial Services PO BOX 21382, MAC F0302-001 SAN JUAN, PR 00928 |
* | $ 481,996,000 | 4 | $ 256,000 |
| Banco Bilbao Vizcaya Argentari 254 MUNOZ RIVERA AVE SAN JUAN, PR 00918 |
* | $ 5,519,043,000 | 4 | $ 554,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ 10,000,000 | 2 | $ 314,000 |
| Finance of America Reverse LLC 8023 EAST 63RD PLACE, SUITE 700 TULSA, OK 74133 |
* | $ 3,125,000 | 2 | $ 245,000 |
| Aeela Mortgage PO BOX 71502 SAN JUAN, PR 00936 |
* | $ 1,000,000,000 | 2 | $ 186,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ 10,000,000 | 2 | $ 245,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ 10,000,000 | 2 | $ 217,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ 789,772,000 | 1 | $ 117,000 |
| Cooperativa De A/C Morovena PO BOX 577 MOROVIS, PR 00687 |
* | $ 80,807,158,000 | 1 | $ 75,000 |
| Aaa Concordia Mortgage Corp RR-37 BOX 1837 SAN JUAN, PR 00926 |
* | $ 10,000,000 | 1 | $ 81,000 |
| Coop Ac De Los Gerenciales De 1200 AVE. PONCE DE LEON SAN JUAN, PR 00987 |
* | $ 70,473,000 | 1 | $ 158,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ 10,000,000 | 1 | $ 89,000 |
| Top Mortgage Bankers PONCE DE LEON AVE. 1913 SANTURCE, PR 00607 |
* | $ 100,000,000 | 1 | $ 72,000 |
| Advance Mortgage Bankers, Inc. P.O. BOX 50286 TOA BAJA, PR 00950 |
* | $ 15,555,000 | 1 | $ 98,000 |
| Cooperativa De Ahorro Y Credito De Aguada P.O. BOX 543 AGUADA, PR 00602 |
* | $ 10,000,000 | 1 | $ 219,000 |
| Cooperativa De Ahorro Y Credito De Camuy 300 AVE. BALTAZAR JIMENEZ MENDEZ CAMUY, PR 00627 |
* | $ 10,000,000 | 1 | $ 50,000 |
The tables below break down 2010 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 2010
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 | 86 | $8,202,000 | $95,000 | $323,000 | $42,000 | $180,000 |
| Home Improvement | 84 | $3,521,000 | $41,000 | $168,000 | $31,000 | $180,000 |
| Home Purchase | 69 | $6,543,000 | $94,000 | $255,000 | $51,000 | $487,000 |
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 | 203 | $15,593,000 | $76,000 | $323,000 | $40,000 | $180,000 |
| Not applicable | 30 | $2,410,000 | $80,000 | $137,000 | $32,000 | $103,000 |
| Not Provided | 4 | $31,000 | $7,000 | $20,000 | $21,000 | $51,000 |
| White | 2 | $232,000 | $116,000 | $116,000 | $258,000 | $487,000 |
| 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) | 164 | $10,666,000 | $65,000 | $323,000 | $45,000 | $487,000 |
| FHA-insured (Federal Housing Administration) | 47 | $5,133,000 | $109,000 | $168,000 | $36,000 | $81,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 26 | $2,305,000 | $88,000 | $155,000 | $24,000 | $50,000 |
| VA-guaranteed (Veterans Administration) | 2 | $162,000 | $81,000 | $81,000 | $12,000 | $24,000 |
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 | 108 | $7,612,000 | $70,000 | $219,000 | $40,000 | $180,000 |
| Application Denied By Financial Institution | 57 | $4,213,000 | $73,000 | $323,000 | $45,000 | $487,000 |
| Loan Purchased By The Institution | 34 | $2,698,000 | $79,000 | $168,000 | $31,000 | $103,000 |
| Application Withdrawn By Applicant | 20 | $2,011,000 | $100,000 | $216,000 | $41,000 | $180,000 |
| File Closed For Incompleteness | 14 | $1,333,000 | $95,000 | $255,000 | $53,000 | $180,000 |
| Application Approved But Not Accepted | 6 | $399,000 | $66,000 | $123,000 | $40,000 | $51,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 5 | $497,000 | $99,000 | $145,000 | $73,000 | $180,000 |
| Credit History | 5 | $228,000 | $45,000 | $116,000 | $34,000 | $69,000 |
| Debt-To-Income Ratio | 5 | $312,000 | $62,000 | $147,000 | $21,000 | $29,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $147,000 | $147,000 | $147,000 | $81,000 | $81,000 |
| Other | 1 | $106,000 | $106,000 | $106,000 | $31,000 | $31,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 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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