Cooperativa A/C Cabo Rojo Mortgage Lending & HMDA Data, 2014
In 2014, Cooperativa A/C Cabo Rojo of Cabo Rojo, PR reported 27 mortgage applications totaling $2.7 million, down 34% from 2013. The average application was for $98,666, and applicants reported an average income of $62,962. 81% of its applications resulted in an originated loan and 4% were denied. Its largest markets were San German-Cabo Rojo, PR (17), Mayagnez, PR (5) and Ponce, PR (3) (applications in parentheses).
| Mortgage Company & Address | Cooperativa A/C Cabo Rojo Pr 100 Km. 7.0 Bo.Miradero Cabo Rojo, PR 00623 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 27 |
| Total Mortgage Loan Application Amount | $2,664,000 |
| Average Mortgage Loan Application Amount | $98,666 |
| Highest Mortgage Loan Application Amount | $236,000 |
| Average Applicant Income | $62,962 |
| Highest Applicant Income | $206,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cooperativa A/C Cabo Rojo filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Cooperativa A/C Cabo Rojo in 2014
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 | 16 | $1,539,000 | $96,000 | $225,000 | $54,000 | $98,000 |
| Home Purchase | 11 | $1,125,000 | $102,000 | $236,000 | $76,000 | $206,000 |
| 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 | 27 | $2,664,000 | $98,000 | $236,000 | $63,000 | $206,000 |
| 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 |
| White | 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) | 25 | $2,372,000 | $94,000 | $236,000 | $63,000 | $206,000 |
| FHA-insured (Federal Housing Administration) | 1 | $196,000 | $196,000 | $196,000 | $93,000 | $93,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $96,000 | $96,000 | $96,000 | $34,000 | $34,000 |
| 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 | 22 | $1,907,000 | $86,000 | $236,000 | $63,000 | $206,000 |
| Application Withdrawn By Applicant | 3 | $472,000 | $157,000 | $225,000 | $58,000 | $93,000 |
| File Closed For Incompleteness | 1 | $196,000 | $196,000 | $196,000 | $82,000 | $82,000 |
| Application Denied By Financial Institution | 1 | $89,000 | $89,000 | $89,000 | $58,000 | $58,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Other | 1 | $89,000 | $89,000 | $89,000 | $58,000 | $58,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 A/C Cabo Rojo's 2014 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 A/C Cabo Rojo'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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