Aeela Mortgage Mortgage Lending & HMDA Data, 2016
In 2016, Aeela Mortgage of San Juan, PR reported 238 mortgage applications totaling $25.3 million, up 13% from 2015. The average application was for $106,500, and applicants reported an average income of $48,361. 66% of its applications resulted in an originated loan and 12% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (176), Aguadilla-Isabela-San Sebastian, PR (14) and Mayagnez, PR (13) (applications in parentheses).
| Mortgage Company & Address | Aeela Mortgage Po Box 71502 San Juan, PR 00936 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 238 |
| Total Mortgage Loan Application Amount | $25,347,000 |
| Average Mortgage Loan Application Amount | $106,500 |
| Highest Mortgage Loan Application Amount | $287,000 |
| Average Applicant Income | $48,361 |
| Highest Applicant Income | $190,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Aeela Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| San Juan, Puerto Rico | 36 | $ 3,938,000 | $ 109,388 | $ 52,000 |
| Bayamon, Puerto Rico | 26 | $ 2,719,000 | $ 104,576 | $ 45,000 |
| Carolina, Puerto Rico | 12 | $ 1,091,000 | $ 90,916 | $ 36,000 |
| Caguas, Puerto Rico | 10 | $ 1,126,000 | $ 112,600 | $ 51,000 |
| Mayaguez, Puerto Rico | 10 | $ 1,216,000 | $ 121,600 | $ 65,000 |
| Rio Grande, Puerto Rico | 8 | $ 954,000 | $ 119,250 | $ 61,000 |
| Guaynabo, Puerto Rico | 6 | $ 779,000 | $ 129,833 | $ 75,000 |
| Gurabo, Puerto Rico | 6 | $ 900,000 | $ 150,000 | $ 82,000 |
| Toa Baja, Puerto Rico | 6 | $ 505,000 | $ 84,166 | $ 47,000 |
| Canovanas, Puerto Rico | 5 | $ 562,000 | $ 112,400 | $ 40,000 |
| Dorado, Puerto Rico | 5 | $ 589,000 | $ 117,800 | $ 46,000 |
| Trujillo Alto, Puerto Rico | 5 | $ 490,000 | $ 98,000 | $ 53,000 |
| Vega Baja, Puerto Rico | 5 | $ 536,000 | $ 107,200 | $ 37,000 |
| Aibonito, Puerto Rico | 4 | $ 453,000 | $ 113,250 | $ 50,000 |
| Las Piedras, Puerto Rico | 4 | $ 483,000 | $ 120,750 | $ 51,000 |
| Luquillo, Puerto Rico | 4 | $ 391,000 | $ 97,750 | $ 53,000 |
| Ponce, Puerto Rico | 4 | $ 424,000 | $ 106,000 | $ 49,000 |
| San Sebastian, Puerto Rico | 4 | $ 445,000 | $ 111,250 | $ 35,000 |
| Arecibo, Puerto Rico | 3 | $ 298,000 | $ 99,333 | $ 33,000 |
| Cayey, Puerto Rico | 3 | $ 383,000 | $ 127,666 | $ 37,000 |
| Ciales, Puerto Rico | 3 | $ 190,000 | $ 63,333 | $ 30,000 |
| Corozal, Puerto Rico | 3 | $ 207,000 | $ 69,000 | $ 41,000 |
| Guayama, Puerto Rico | 3 | $ 344,000 | $ 114,666 | $ 52,000 |
| Hormigueros, Puerto Rico | 3 | $ 349,000 | $ 116,333 | $ 49,000 |
| Juncos, Puerto Rico | 3 | $ 240,000 | $ 80,000 | $ 52,000 |
| Penuelas, Puerto Rico | 3 | $ 176,000 | $ 58,666 | $ 33,000 |
| Utuado, Puerto Rico | 3 | $ 347,000 | $ 115,666 | $ 47,000 |
| Yauco, Puerto Rico | 3 | $ 277,000 | $ 92,333 | $ 33,000 |
| Aguada, Puerto Rico | 2 | $ 182,000 | $ 91,000 | $ 33,000 |
| Barranquitas, Puerto Rico | 2 | $ 226,000 | $ 113,000 | $ 38,000 |
| Cabo Rojo, Puerto Rico | 2 | $ 231,000 | $ 115,500 | $ 39,000 |
| Camuy, Puerto Rico | 2 | $ 233,000 | $ 116,500 | $ 55,000 |
| Cidra, Puerto Rico | 2 | $ 254,000 | $ 127,000 | $ 36,000 |
| Coamo, Puerto Rico | 2 | $ 142,000 | $ 71,000 | $ 58,000 |
| Comerio, Puerto Rico | 2 | $ 197,000 | $ 98,500 | $ 37,000 |
| Fajardo, Puerto Rico | 2 | $ 172,000 | $ 86,000 | $ 54,000 |
| Hatillo, Puerto Rico | 2 | $ 242,000 | $ 121,000 | $ 40,000 |
| Humacao, Puerto Rico | 2 | $ 282,000 | $ 141,000 | $ 56,000 |
| Manati, Puerto Rico | 2 | $ 177,000 | $ 88,500 | $ 33,000 |
| Moca, Puerto Rico | 2 | $ 221,000 | $ 110,500 | $ 27,000 |
| Naguabo, Puerto Rico | 2 | $ 113,000 | $ 56,500 | $ 53,000 |
| Quebradillas, Puerto Rico | 2 | $ 131,000 | $ 65,500 | $ 36,000 |
| Sabana Grande, Puerto Rico | 2 | $ 162,000 | $ 81,000 | $ 36,000 |
| Yabucoa, Puerto Rico | 2 | $ 182,000 | $ 91,000 | $ 27,000 |
| Adjuntas, Puerto Rico | 1 | $ 113,000 | $ 113,000 | $ 34,000 |
| Aguadilla, Puerto Rico | 1 | $ 114,000 | $ 114,000 | $ 21,000 |
| Arroyo, Puerto Rico | 1 | $ 78,000 | $ 78,000 | $ 17,000 |
| Barceloneta, Puerto Rico | 1 | $ 96,000 | $ 96,000 | $ 35,000 |
| Catano, Puerto Rico | 1 | $ 84,000 | $ 84,000 | $ 54,000 |
| Guanica, Puerto Rico | 1 | $ 78,000 | $ 78,000 | $ 34,000 |
| Guayanilla, Puerto Rico | 1 | $ 69,000 | $ 69,000 | $ 77,000 |
| Isabela, Puerto Rico | 1 | $ 232,000 | $ 232,000 | $ 104,000 |
| Juana Diaz, Puerto Rico | 1 | $ 181,000 | $ 181,000 | $ 89,000 |
| Lajas, Puerto Rico | 1 | $ 253,000 | $ 253,000 | $ 77,000 |
| Lares, Puerto Rico | 1 | $ 65,000 | $ 65,000 | $ 36,000 |
| Las Marias, Puerto Rico | 1 | $ 70,000 | $ 70,000 | $ 67,000 |
| Loiza, Puerto Rico | 1 | $ 67,000 | $ 67,000 | $ 35,000 |
| Maunabo, Puerto Rico | 1 | $ 118,000 | $ 118,000 | $ 25,000 |
| Naranjito, Puerto Rico | 1 | $ 98,000 | $ 98,000 | $ 40,000 |
| Vega Alta, Puerto Rico | 1 | $ 72,000 | $ 72,000 | $ 79,000 |
Mortgage Loan Application Detail Totals for Aeela Mortgage in 2016
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 | 146 | $15,824,000 | $108,000 | $287,000 | $53,000 | $190,000 |
| Home Purchase | 92 | $9,523,000 | $103,000 | $241,000 | $41,000 | $116,000 |
| 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 | 234 | $24,945,000 | $106,000 | $287,000 | $49,000 | $190,000 |
| White | 2 | $241,000 | $120,000 | $188,000 | $39,000 | $59,000 |
| Black or African American | 1 | $49,000 | $49,000 | $49,000 | $31,000 | $31,000 |
| American Indian or Alaskan Native | 1 | $112,000 | $112,000 | $112,000 | $40,000 | $40,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 121 | $13,175,000 | $108,000 | $245,000 | $44,000 | $140,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 95 | $9,313,000 | $98,000 | $253,000 | $54,000 | $190,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 18 | $2,110,000 | $117,000 | $241,000 | $38,000 | $59,000 |
| VA-guaranteed (Veterans Administration) | 4 | $749,000 | $187,000 | $287,000 | $82,000 | $104,000 |
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 | 158 | $16,553,000 | $104,000 | $287,000 | $48,000 | $190,000 |
| File Closed For Incompleteness | 31 | $2,952,000 | $95,000 | $207,000 | $41,000 | $106,000 |
| Application Denied By Financial Institution | 29 | $3,541,000 | $122,000 | $245,000 | $56,000 | $140,000 |
| Application Withdrawn By Applicant | 19 | $2,178,000 | $114,000 | $253,000 | $52,000 | $119,000 |
| Application Approved But Not Accepted | 1 | $123,000 | $123,000 | $123,000 | $22,000 | $22,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 18 | $2,450,000 | $136,000 | $245,000 | $66,000 | $140,000 |
| Other | 4 | $374,000 | $93,000 | $153,000 | $54,000 | $120,000 |
| Credit History | 3 | $257,000 | $85,000 | $108,000 | $38,000 | $42,000 |
| Debt-To-Income Ratio | 3 | $337,000 | $112,000 | $142,000 | $30,000 | $33,000 |
| Credit Application Incomplete | 1 | $123,000 | $123,000 | $123,000 | $36,000 | $36,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Aeela Mortgage's 2016 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Aeela Mortgage's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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with aggregated HMDA statistics today.
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