Cooperativa De A/C Arecibo Mortgage Lending & HMDA Data, 2006
In 2006, Cooperativa De A/C Arecibo of Arecibo, PR reported 159 mortgage applications totaling $12.9 million, up 26% from 2005. The average application was for $80,861, and applicants reported an average income of $43,377. 80% of its applications resulted in an originated loan and 0% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (150), San German-Cabo Rojo, PR (5) and Ponce, PR (1) (applications in parentheses).
| Mortgage Company & Address | Cooperativa De A/C Arecibo Po Box 1056 Arecibo, PR 00613 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 159 |
| Total Mortgage Loan Application Amount | $12,857,000 |
| Average Mortgage Loan Application Amount | $80,861 |
| Highest Mortgage Loan Application Amount | $552,000 |
| Average Applicant Income | $43,377 |
| Highest Applicant Income | $383,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cooperativa De A/C Arecibo filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Arecibo, Puerto Rico | 71 | $ 5,570,000 | $ 78,450 | $ 42,000 |
| Hatillo, Puerto Rico | 13 | $ 1,460,000 | $ 112,307 | $ 40,000 |
| Camuy, Puerto Rico | 11 | $ 827,000 | $ 75,181 | $ 41,000 |
| Barceloneta, Puerto Rico | 8 | $ 462,000 | $ 57,750 | $ 30,000 |
| Cabo Rojo, Puerto Rico | 5 | $ 349,000 | $ 69,800 | $ 71,000 |
| Florida, Puerto Rico | 5 | $ 194,000 | $ 38,800 | $ 34,000 |
| Manati, Puerto Rico | 4 | $ 508,000 | $ 127,000 | $ 69,000 |
| San Lorenzo, Puerto Rico | 4 | $ 254,000 | $ 63,500 | $ 23,000 |
| Vega Baja, Puerto Rico | 4 | $ 360,000 | $ 90,000 | $ 34,000 |
| Bayamon, Puerto Rico | 3 | $ 192,000 | $ 64,000 | $ 54,000 |
| Catano, Puerto Rico | 3 | $ 125,000 | $ 41,666 | $ 25,000 |
| Rio Grande, Puerto Rico | 3 | $ 133,000 | $ 44,333 | $ 23,000 |
| Caguas, Puerto Rico | 2 | $ 131,000 | $ 65,500 | $ 29,000 |
| Cayey, Puerto Rico | 2 | $ 44,000 | $ 22,000 | $ 35,000 |
| Ciales, Puerto Rico | 2 | $ 188,000 | $ 94,000 | $ 38,000 |
| Morovis, Puerto Rico | 2 | $ 216,000 | $ 108,000 | $ 33,000 |
| Toa Baja, Puerto Rico | 2 | $ 122,000 | $ 61,000 | $ 22,000 |
| Trujillo Alto, Puerto Rico | 2 | $ 318,000 | $ 159,000 | $ 76,000 |
| Utuado, Puerto Rico | 2 | $ 118,000 | $ 59,000 | $ 43,000 |
| Canovanas, Puerto Rico | 1 | $ 110,000 | $ 110,000 | $ 58,000 |
| Carolina, Puerto Rico | 1 | $ 100,000 | $ 100,000 | $ 25,000 |
| Dorado, Puerto Rico | 1 | $ 55,000 | $ 55,000 | $ 12,000 |
| Guaynabo, Puerto Rico | 1 | $ 65,000 | $ 65,000 | $ 24,000 |
| Gurabo, Puerto Rico | 1 | $ 61,000 | $ 61,000 | $ 75,000 |
| Las Marias, Puerto Rico | 1 | $ 68,000 | $ 68,000 | $ 48,000 |
| Naranjito, Puerto Rico | 1 | $ 30,000 | $ 30,000 | $ 24,000 |
| Orocovis, Puerto Rico | 1 | $ 45,000 | $ 45,000 | $ 28,000 |
| Ponce, Puerto Rico | 1 | $ 146,000 | $ 146,000 | $ 96,000 |
| San Juan, Puerto Rico | 1 | $ 552,000 | $ 552,000 | $ 383,000 |
| Toa Alta, Puerto Rico | 1 | $ 54,000 | $ 54,000 | $ 51,000 |
Mortgage Loan Application Detail Totals for Cooperativa De A/C Arecibo in 2006
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 | 96 | $6,769,000 | $70,000 | $400,000 | $35,000 | $229,000 |
| Home Purchase | 61 | $5,491,000 | $90,000 | $364,000 | $51,000 | $187,000 |
| Home Improvement | 2 | $597,000 | $298,000 | $552,000 | $213,000 | $383,000 |
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 | 157 | $12,767,000 | $81,000 | $552,000 | $44,000 | $383,000 |
| Not Provided | 1 | $22,000 | $22,000 | $22,000 | $15,000 | $15,000 |
| Black or African American | 1 | $68,000 | $68,000 | $68,000 | $48,000 | $48,000 |
| White | 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 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 159 | $12,857,000 | $80,000 | $552,000 | $43,000 | $383,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 127 | $10,631,000 | $83,000 | $552,000 | $45,000 | $383,000 |
| Application Withdrawn By Applicant | 32 | $2,226,000 | $69,000 | $145,000 | $39,000 | $121,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 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 |
|---|---|---|---|---|---|---|
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cooperativa De A/C Arecibo's 2006 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 A/C Arecibo'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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