Cooperativa De A/C Arecibo Mortgage Lending & HMDA Data, 2013
In 2013, Cooperativa De A/C Arecibo of Arecibo, PR reported 182 mortgage applications totaling $19.3 million, up 17% from 2012. The average application was for $106,032, and applicants reported an average income of $50,208. 47% of its applications resulted in an originated loan and 36% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (150), Ponce, PR (12) and Aguadilla-Isabela-San Sebastian, PR (10) (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 | 182 |
| Total Mortgage Loan Application Amount | $19,298,000 |
| Average Mortgage Loan Application Amount | $106,032 |
| Highest Mortgage Loan Application Amount | $371,000 |
| Average Applicant Income | $50,208 |
| Highest Applicant Income | $600,000 |
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records Cooperativa De A/C Arecibo filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 37 | $ 3,261,000 | $ 88,135 | $ 42,000 |
| Ponce, Puerto Rico | 12 | $ 1,522,000 | $ 126,833 | $ 97,000 |
| Barceloneta, Puerto Rico | 9 | $ 582,000 | $ 64,666 | $ 22,000 |
| San Juan, Puerto Rico | 8 | $ 951,000 | $ 118,875 | $ 56,000 |
| Toa Baja, Puerto Rico | 8 | $ 686,000 | $ 85,750 | $ 28,000 |
| Bayamon, Puerto Rico | 7 | $ 994,000 | $ 142,000 | $ 56,000 |
| Camuy, Puerto Rico | 7 | $ 623,000 | $ 89,000 | $ 33,000 |
| Hatillo, Puerto Rico | 7 | $ 866,000 | $ 123,714 | $ 60,000 |
| San Lorenzo, Puerto Rico | 7 | $ 928,000 | $ 132,571 | $ 75,000 |
| Toa Alta, Puerto Rico | 7 | $ 1,087,000 | $ 155,285 | $ 54,000 |
| Catano, Puerto Rico | 6 | $ 631,000 | $ 105,166 | $ 27,000 |
| Manati, Puerto Rico | 5 | $ 566,000 | $ 113,200 | $ 45,000 |
| Trujillo Alto, Puerto Rico | 5 | $ 640,000 | $ 128,000 | $ 39,000 |
| Carolina, Puerto Rico | 4 | $ 444,000 | $ 111,000 | $ 56,000 |
| Gurabo, Puerto Rico | 4 | $ 575,000 | $ 143,750 | $ 51,000 |
| Quebradillas, Puerto Rico | 4 | $ 338,000 | $ 84,500 | $ 26,000 |
| San Sebastian, Puerto Rico | 4 | $ 313,000 | $ 78,250 | $ 26,000 |
| Vega Baja, Puerto Rico | 4 | $ 303,000 | $ 75,750 | $ 47,000 |
| Florida, Puerto Rico | 3 | $ 310,000 | $ 103,333 | $ 38,000 |
| Isabela, Puerto Rico | 3 | $ 421,000 | $ 140,333 | $ 79,000 |
| Utuado, Puerto Rico | 3 | $ 203,000 | $ 67,666 | $ 36,000 |
| Adjuntas, Puerto Rico | 2 | $ 135,000 | $ 67,500 | $ 41,000 |
| Aguas Buenas, Puerto Rico | 2 | $ 142,000 | $ 71,000 | $ 35,000 |
| Caguas, Puerto Rico | 2 | $ 128,000 | $ 64,000 | $ 21,000 |
| Cayey, Puerto Rico | 2 | $ 323,000 | $ 161,500 | $ 64,000 |
| Cidra, Puerto Rico | 2 | $ 100,000 | $ 50,000 | $ 58,000 |
| Dorado, Puerto Rico | 2 | $ 364,000 | $ 182,000 | $ 50,000 |
| Guaynabo, Puerto Rico | 2 | $ 291,000 | $ 145,500 | $ 247,000 |
| Lares, Puerto Rico | 2 | $ 152,000 | $ 76,000 | $ 30,000 |
| Las Piedras, Puerto Rico | 2 | $ 340,000 | $ 170,000 | $ 67,000 |
| Canovanas, Puerto Rico | 1 | $ 250,000 | $ 250,000 | $ 64,000 |
| Ceiba, Puerto Rico | 1 | $ 60,000 | $ 60,000 | $ 214,000 |
| Coamo, Puerto Rico | 1 | $ 99,000 | $ 99,000 | $ 50,000 |
| Corozal, Puerto Rico | 1 | $ 67,000 | $ 67,000 | $ 12,000 |
| Guanica, Puerto Rico | 1 | $ 157,000 | $ 157,000 | $ 35,000 |
| Jayuya, Puerto Rico | 1 | $ 153,000 | $ 153,000 | $ 43,000 |
| Juncos, Puerto Rico | 1 | $ 36,000 | $ 36,000 | $ 29,000 |
| Moca, Puerto Rico | 1 | $ 67,000 | $ 67,000 | $ 37,000 |
| Naranjito, Puerto Rico | 1 | $ 136,000 | $ 136,000 | $ 25,000 |
| Penuelas, Puerto Rico | 1 | $ 54,000 | $ 54,000 | $ 20,000 |
Mortgage Loan Application Detail Totals for Cooperativa De A/C Arecibo in 2013
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 | 109 | $11,441,000 | $104,000 | $371,000 | $47,000 | $451,000 |
| Home Purchase | 73 | $7,857,000 | $107,000 | $255,000 | $55,000 | $600,000 |
| 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 | 178 | $18,823,000 | $105,000 | $371,000 | $49,000 | $600,000 |
| White | 3 | $424,000 | $141,000 | $256,000 | $102,000 | $214,000 |
| Black or African American | 1 | $51,000 | $51,000 | $51,000 | $44,000 | $44,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 149 | $15,585,000 | $104,000 | $371,000 | $54,000 | $600,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,428,000 | $109,000 | $226,000 | $27,000 | $54,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,075,000 | $107,000 | $250,000 | $31,000 | $64,000 |
| VA-guaranteed (Veterans Administration) | 10 | $1,210,000 | $121,000 | $236,000 | $48,000 | $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 | 85 | $8,511,000 | $100,000 | $371,000 | $47,000 | $253,000 |
| Application Denied By Financial Institution | 66 | $7,729,000 | $117,000 | $340,000 | $57,000 | $600,000 |
| File Closed For Incompleteness | 20 | $1,663,000 | $83,000 | $173,000 | $39,000 | $214,000 |
| Application Withdrawn By Applicant | 11 | $1,395,000 | $126,000 | $248,000 | $53,000 | $90,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 20 | $2,823,000 | $141,000 | $320,000 | $46,000 | $161,000 |
| Collateral | 19 | $2,163,000 | $113,000 | $340,000 | $69,000 | $451,000 |
| Credit History | 19 | $1,798,000 | $94,000 | $250,000 | $66,000 | $600,000 |
| Other | 4 | $518,000 | $129,000 | $226,000 | $37,000 | $54,000 |
| Credit Application Incomplete | 2 | $88,000 | $44,000 | $63,000 | $9,000 | $11,000 |
| Employment History | 2 | $339,000 | $169,000 | $190,000 | $72,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 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 2013 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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