Cooperativa De A/C Arecibo Mortgage Lending & HMDA Data, 2011
In 2011, Cooperativa De A/C Arecibo of Arecibo, PR reported 115 mortgage applications totaling $10.3 million, up 102% from 2010. The average application was for $89,704, and applicants reported an average income of $49,556. 71% of its applications resulted in an originated loan and 13% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (105), Aguadilla-Isabela-San Sebastian, PR (3) 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 | 115 |
| Total Mortgage Loan Application Amount | $10,316,000 |
| Average Mortgage Loan Application Amount | $89,704 |
| Highest Mortgage Loan Application Amount | $285,000 |
| Average Applicant Income | $49,556 |
| Highest Applicant Income | $422,000 |
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records Cooperativa De A/C Arecibo filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 34 | $ 2,634,000 | $ 77,470 | $ 52,000 |
| Barceloneta, Puerto Rico | 10 | $ 845,000 | $ 84,500 | $ 60,000 |
| Bayamon, Puerto Rico | 8 | $ 734,000 | $ 91,750 | $ 55,000 |
| Camuy, Puerto Rico | 5 | $ 388,000 | $ 77,600 | $ 45,000 |
| Hatillo, Puerto Rico | 5 | $ 713,000 | $ 142,600 | $ 50,000 |
| Toa Baja, Puerto Rico | 5 | $ 612,000 | $ 122,400 | $ 39,000 |
| Caguas, Puerto Rico | 4 | $ 303,000 | $ 75,750 | $ 27,000 |
| Carolina, Puerto Rico | 4 | $ 334,000 | $ 83,500 | $ 130,000 |
| San Lorenzo, Puerto Rico | 4 | $ 262,000 | $ 65,500 | $ 26,000 |
| Trujillo Alto, Puerto Rico | 4 | $ 226,000 | $ 56,500 | $ 21,000 |
| Naguabo, Puerto Rico | 3 | $ 323,000 | $ 107,666 | $ 28,000 |
| Aguas Buenas, Puerto Rico | 2 | $ 177,000 | $ 88,500 | $ 63,000 |
| Morovis, Puerto Rico | 2 | $ 224,000 | $ 112,000 | $ 67,000 |
| Ponce, Puerto Rico | 2 | $ 106,000 | $ 53,000 | $ 20,000 |
| Quebradillas, Puerto Rico | 2 | $ 195,000 | $ 97,500 | $ 27,000 |
| Toa Alta, Puerto Rico | 2 | $ 403,000 | $ 201,500 | $ 84,000 |
| Utuado, Puerto Rico | 2 | $ 70,000 | $ 35,000 | $ 18,000 |
| Adjuntas, Puerto Rico | 1 | $ 160,000 | $ 160,000 | $ 83,000 |
| Aguadilla, Puerto Rico | 1 | $ 104,000 | $ 104,000 | $ 20,000 |
| Catano, Puerto Rico | 1 | $ 34,000 | $ 34,000 | $ 35,000 |
| Cidra, Puerto Rico | 1 | $ 45,000 | $ 45,000 | $ 24,000 |
| Guayama, Puerto Rico | 1 | $ 60,000 | $ 60,000 | $ 38,000 |
| Guaynabo, Puerto Rico | 1 | $ 185,000 | $ 185,000 | $ 66,000 |
| Gurabo, Puerto Rico | 1 | $ 120,000 | $ 120,000 | $ 36,000 |
| Hormigueros, Puerto Rico | 1 | $ 191,000 | $ 191,000 | $ 40,000 |
| Isabela, Puerto Rico | 1 | $ 168,000 | $ 168,000 | $ 144,000 |
| Juncos, Puerto Rico | 1 | $ 109,000 | $ 109,000 | $ 23,000 |
| Lares, Puerto Rico | 1 | $ 42,000 | $ 42,000 | $ 33,000 |
| Manati, Puerto Rico | 1 | $ 63,000 | $ 63,000 | $ 30,000 |
| Orocovis, Puerto Rico | 1 | $ 74,000 | $ 74,000 | $ 15,000 |
| Rio Grande, Puerto Rico | 1 | $ 75,000 | $ 75,000 | $ 26,000 |
| San Juan, Puerto Rico | 1 | $ 135,000 | $ 135,000 | $ 82,000 |
| Vega Alta, Puerto Rico | 1 | $ 70,000 | $ 70,000 | $ 48,000 |
| Vega Baja, Puerto Rico | 1 | $ 132,000 | $ 132,000 | $ 45,000 |
Mortgage Loan Application Detail Totals for Cooperativa De A/C Arecibo in 2011
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 | 66 | $5,916,000 | $89,000 | $240,000 | $47,000 | $224,000 |
| Home Purchase | 49 | $4,400,000 | $89,000 | $285,000 | $53,000 | $422,000 |
| 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 | 114 | $10,277,000 | $90,000 | $285,000 | $50,000 | $422,000 |
| White | 1 | $39,000 | $39,000 | $39,000 | $12,000 | $12,000 |
| 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) | 90 | $7,571,000 | $84,000 | $285,000 | $52,000 | $422,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,255,000 | $96,000 | $155,000 | $43,000 | $102,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $942,000 | $117,000 | $175,000 | $26,000 | $40,000 |
| VA-guaranteed (Veterans Administration) | 4 | $548,000 | $137,000 | $180,000 | $72,000 | $133,000 |
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 | 82 | $7,542,000 | $91,000 | $285,000 | $47,000 | $422,000 |
| Application Denied By Financial Institution | 15 | $1,216,000 | $81,000 | $165,000 | $29,000 | $65,000 |
| Application Withdrawn By Applicant | 12 | $1,177,000 | $98,000 | $240,000 | $65,000 | $144,000 |
| File Closed For Incompleteness | 6 | $381,000 | $63,000 | $155,000 | $102,000 | $178,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 3 | $416,000 | $138,000 | $165,000 | $47,000 | $65,000 |
| Employment History | 2 | $221,000 | $110,000 | $146,000 | $27,000 | $36,000 |
| Credit Application Incomplete | 1 | $80,000 | $80,000 | $80,000 | $18,000 | $18,000 |
| Credit History | 1 | $42,000 | $42,000 | $42,000 | $33,000 | $33,000 |
| Debt-To-Income Ratio | 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 2011 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.
For a list of all lenders in Puerto Rico, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About