Cooperativa De Ahorro Y Credito De Aguada Mortgage Lending & HMDA Data, 2019
In 2019, Cooperativa De Ahorro Y Credito De Aguada of Aguada, PR reported 46 mortgage applications totaling $4.8 million, up 24% from 2018. The average application was for $104,565, and applicants reported an average income of $48,413. 78% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Aguadilla-Isabela, PR (39), Mayagnez, PR (3) and San German-Cabo Rojo, PR (3) (applications in parentheses).
| Mortgage Company & Address | Cooperativa De Ahorro Y Credito De Aguada P.O. Box 543 Aguada, PR 00602 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 46 |
| Total Mortgage Loan Application Amount | $4,810,000 |
| Average Mortgage Loan Application Amount | $104,565 |
| Highest Mortgage Loan Application Amount | $295,000 |
| Average Applicant Income | $48,413 |
| Highest Applicant Income | $175,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cooperativa De Ahorro Y Credito De Aguada filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Aguadilla-Isabela, PR | 39 | $ 3,785,000 | $ 97,051 | $ 43,000 |
| Mayagnez, PR | 3 | $ 535,000 | $ 178,333 | $ 98,000 |
| San German-Cabo Rojo, PR | 3 | $ 325,000 | $ 108,333 | $ 67,000 |
| Arecibo, PR | 1 | $ 165,000 | $ 165,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Cooperativa De Ahorro Y Credito De Aguada 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 | 21 | $2,155,000 | $102,000 | $185,000 | $56,000 | $175,000 |
| Cash-out Refinancing | 13 | $1,285,000 | $98,000 | $195,000 | $50,000 | $106,000 |
| Refinancing | 11 | $1,285,000 | $116,000 | $295,000 | $35,000 | $84,000 |
| Other Purpose | 1 | $85,000 | $85,000 | $85,000 | $16,000 | $16,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 40 | $4,410,000 | $110,000 | $295,000 | $51,000 | $175,000 |
| White | 6 | $400,000 | $66,000 | $105,000 | $30,000 | $52,000 |
| 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 |
| Native Hawaiian 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 25 | $2,335,000 | $93,000 | $195,000 | $54,000 | $175,000 |
| FHA-insured (Federal Housing Administration) | 18 | $2,200,000 | $122,000 | $295,000 | $41,000 | $84,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $275,000 | $91,000 | $155,000 | $39,000 | $66,000 |
| VA-guaranteed (Veterans Administration) | 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 | 36 | $3,530,000 | $98,000 | $195,000 | $48,000 | $175,000 |
| Application Denied By Financial Institution | 9 | $1,245,000 | $138,000 | $295,000 | $52,000 | $84,000 |
| File Closed For Incompleteness | 1 | $35,000 | $35,000 | $35,000 | $13,000 | $13,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 37 | $3,565,000 | $96,000 | $195,000 | $47,000 | $175,000 |
| Debt-To-Income Ratio | 5 | $935,000 | $187,000 | $295,000 | $65,000 | $84,000 |
| Collateral | 2 | $130,000 | $65,000 | $85,000 | $27,000 | $35,000 |
| Other | 1 | $75,000 | $75,000 | $75,000 | $25,000 | $25,000 |
| Unverifiable Information | 1 | $105,000 | $105,000 | $105,000 | $68,000 | $68,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 Cooperativa De Ahorro Y Credito De Aguada's 2019 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 Cooperativa De Ahorro Y Credito De Aguada'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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