Cooperativa A/C San Rafael Mortgage Lending & HMDA Data, 2005
In 2005, Cooperativa A/C San Rafael of Quebradillas, PR reported 58 mortgage applications totaling $4.5 million, up 32% from 2004. The average application was for $77,362, and applicants reported an average income of $81,637. 95% of its applications resulted in an originated loan and 2% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (27), San German-Cabo Rojo, PR (21) and Mayaguez, PR (4) (applications in parentheses).
| Mortgage Company & Address | Cooperativa A/C San Rafael Apartado 1531 Quebradillas, PR 00678 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 |
| Total Number of Mortgage Applications | 58 |
| Total Mortgage Loan Application Amount | $4,487,000 |
| Average Mortgage Loan Application Amount | $77,362 |
| Highest Mortgage Loan Application Amount | $691,000 |
| Average Applicant Income | $81,637 |
| Highest Applicant Income | $1,300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cooperativa A/C San Rafael filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| San Juan-Caguas-Guaynabo, PR | 27 | $ 2,100,000 | $ 77,777 | $ 173,000 |
| San German-Cabo Rojo, PR | 21 | $ 1,163,000 | $ 55,380 | $ 25,000 |
| Mayaguez, PR | 4 | $ 228,000 | $ 57,000 | $ 17,000 |
| Yauco, PR | 4 | $ 817,000 | $ 204,250 | $ 23,000 |
| Aguadilla-Isabela-San Sebastian, PR | 1 | $ 129,000 | $ 129,000 | $ 54,000 |
| Ponce, PR | 1 | $ 50,000 | $ 50,000 | $ 24,000 |
Mortgage Loan Application Detail Totals for Cooperativa A/C San Rafael in 2005
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 | 37 | $3,116,000 | $84,000 | $691,000 | $26,000 | $87,000 |
| Home Purchase | 20 | $1,288,000 | $64,000 | $171,000 | $186,000 | $1,300,000 |
| Home Improvement | 1 | $83,000 | $83,000 | $83,000 | $53,000 | $53,000 |
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 | 52 | $3,892,000 | $74,000 | $691,000 | $26,000 | $83,000 |
| White | 6 | $595,000 | $99,000 | $171,000 | $459,000 | $1,300,000 |
| 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) | 58 | $4,487,000 | $77,000 | $691,000 | $82,000 | $1,300,000 |
| 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 | 55 | $4,249,000 | $77,000 | $691,000 | $91,000 | $1,300,000 |
| File Closed For Incompleteness | 2 | $138,000 | $69,000 | $86,000 | $20,000 | $29,000 |
| Application Denied By Financial Institution | 1 | $100,000 | $100,000 | $100,000 | $32,000 | $32,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 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 A/C San Rafael's 2005 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 San Rafael'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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