Cooperativa De A/C Arecibo Mortgage Lending & HMDA Data, 2007
In 2007, Cooperativa De A/C Arecibo of Arecibo, PR reported 143 mortgage applications totaling $16.4 million, down 10% from 2006. The average application was for $114,342, and applicants reported an average income of $56,111. 84% of its applications resulted in an originated loan and 0% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (135), Aguadilla-Isabela-San Sebastian, PR (2) and Ponce, PR (2) (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 | 143 |
| Total Mortgage Loan Application Amount | $16,351,000 |
| Average Mortgage Loan Application Amount | $114,342 |
| Highest Mortgage Loan Application Amount | $2,080,000 |
| Average Applicant Income | $56,111 |
| Highest Applicant Income | $355,000 |
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records Cooperativa De A/C Arecibo filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 47 | $ 5,101,000 | $ 108,531 | $ 69,000 |
| Camuy, Puerto Rico | 20 | $ 2,808,000 | $ 140,400 | $ 52,000 |
| Toa Baja, Puerto Rico | 12 | $ 1,120,000 | $ 93,333 | $ 52,000 |
| Barceloneta, Puerto Rico | 11 | $ 638,000 | $ 58,000 | $ 27,000 |
| Hatillo, Puerto Rico | 11 | $ 3,439,000 | $ 312,636 | $ 105,000 |
| Bayamon, Puerto Rico | 4 | $ 186,000 | $ 46,500 | $ 32,000 |
| Morovis, Puerto Rico | 3 | $ 199,000 | $ 66,333 | $ 35,000 |
| San Juan, Puerto Rico | 3 | $ 397,000 | $ 132,333 | $ 52,000 |
| San Lorenzo, Puerto Rico | 3 | $ 242,000 | $ 80,666 | $ 43,000 |
| Caguas, Puerto Rico | 2 | $ 111,000 | $ 55,500 | $ 18,000 |
| Carolina, Puerto Rico | 2 | $ 230,000 | $ 115,000 | $ 39,000 |
| Manati, Puerto Rico | 2 | $ 70,000 | $ 35,000 | $ 41,000 |
| Ponce, Puerto Rico | 2 | $ 91,000 | $ 45,500 | $ 26,000 |
| Quebradillas, Puerto Rico | 2 | $ 200,000 | $ 100,000 | $ 44,000 |
| Rio Grande, Puerto Rico | 2 | $ 166,000 | $ 83,000 | $ 59,000 |
| Toa Alta, Puerto Rico | 2 | $ 129,000 | $ 64,500 | $ 51,000 |
| Trujillo Alto, Puerto Rico | 2 | $ 341,000 | $ 170,500 | $ 72,000 |
| Adjuntas, Puerto Rico | 1 | $ 40,000 | $ 40,000 | $ 30,000 |
| Aguas Buenas, Puerto Rico | 1 | $ 123,000 | $ 123,000 | $ 41,000 |
| Anasco, Puerto Rico | 1 | $ 76,000 | $ 76,000 | $ 15,000 |
| Cabo Rojo, Puerto Rico | 1 | $ 59,000 | $ 59,000 | $ 121,000 |
| Corozal, Puerto Rico | 1 | $ 50,000 | $ 50,000 | $ 39,000 |
| Dorado, Puerto Rico | 1 | $ 206,000 | $ 206,000 | $ 42,000 |
| Fajardo, Puerto Rico | 1 | $ 25,000 | $ 25,000 | $ 8,000 |
| Florida, Puerto Rico | 1 | $ 38,000 | $ 38,000 | $ 16,000 |
| Guaynabo, Puerto Rico | 1 | $ 115,000 | $ 115,000 | $ 41,000 |
| Loiza, Puerto Rico | 1 | $ 19,000 | $ 19,000 | $ 13,000 |
| Rincon, Puerto Rico | 1 | $ 37,000 | $ 37,000 | $ 41,000 |
| Vega Baja, Puerto Rico | 1 | $ 60,000 | $ 60,000 | $ 29,000 |
| Yauco, Puerto Rico | 1 | $ 35,000 | $ 35,000 | $ 17,000 |
Mortgage Loan Application Detail Totals for Cooperativa De A/C Arecibo in 2007
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 | 85 | $9,584,000 | $112,000 | $2,080,000 | $48,000 | $355,000 |
| Home Purchase | 58 | $6,767,000 | $116,000 | $410,000 | $68,000 | $268,000 |
| 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 | 142 | $16,096,000 | $113,000 | $2,080,000 | $56,000 | $355,000 |
| White | 1 | $255,000 | $255,000 | $255,000 | $91,000 | $91,000 |
| 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) | 143 | $16,351,000 | $114,000 | $2,080,000 | $56,000 | $355,000 |
| 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 | 120 | $13,896,000 | $115,000 | $2,080,000 | $57,000 | $355,000 |
| Application Withdrawn By Applicant | 23 | $2,455,000 | $106,000 | $520,000 | $54,000 | $247,000 |
| 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 2007 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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