Firstbank Puerto Rico Mortgage Lending & HMDA Data, 2005
In 2005, Firstbank Puerto Rico of Santurce, PR reported 6,411 mortgage applications totaling $899.2 million, down 64% from 2004. The average application was for $140,265, and applicants reported an average income of $43,898. 0% of its applications resulted in an originated loan and 1% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (5,383), Ponce, PR (225) and Aguadilla-Isabela-San Sebastian, PR (212) (applications in parentheses).
| Mortgage Company & Address | Firstbank Puerto Rico Po Box 9146 Santurce, PR 00908 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 6,411 |
| Total Mortgage Loan Application Amount | $899,244,000 |
| Average Mortgage Loan Application Amount | $140,265 |
| Highest Mortgage Loan Application Amount | $3,500,000 |
| Average Applicant Income | $43,898 |
| Highest Applicant Income | $7,200,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Firstbank Puerto Rico filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| San Juan, Puerto Rico | 1,105 | $ 202,953,000 | $ 183,667 | $ 90,000 |
| Carolina, Puerto Rico | 702 | $ 101,549,000 | $ 144,656 | $ 67,000 |
| Bayamon, Puerto Rico | 576 | $ 58,649,000 | $ 101,821 | $ 57,000 |
| Guaynabo, Puerto Rico | 330 | $ 67,239,000 | $ 203,754 | $ 159,000 |
| Caguas, Puerto Rico | 308 | $ 41,301,000 | $ 134,094 | $ 35,000 |
| Trujillo Alto, Puerto Rico | 249 | $ 49,773,000 | $ 199,891 | $ 57,000 |
| Toa Baja, Puerto Rico | 233 | $ 29,672,000 | $ 127,347 | $ 51,000 |
| Toa Alta, Puerto Rico | 201 | $ 23,880,000 | $ 118,805 | $ 25,000 |
| Ponce, Puerto Rico | 176 | $ 18,464,000 | $ 104,909 | $ 32,000 |
| Arecibo, Puerto Rico | 173 | $ 16,642,000 | $ 96,196 | $ 22,000 |
| Rio Grande, Puerto Rico | 129 | $ 17,356,000 | $ 134,542 | $ 82,000 |
| Gurabo, Puerto Rico | 112 | $ 19,686,000 | $ 175,767 | $ 31,000 |
| Dorado, Puerto Rico | 107 | $ 24,506,000 | $ 229,028 | $ 103,000 |
| Vega Baja, Puerto Rico | 102 | $ 10,428,000 | $ 102,235 | $ 17,000 |
| Canovanas, Puerto Rico | 101 | $ 10,632,000 | $ 105,267 | $ 36,000 |
| Humacao, Puerto Rico | 99 | $ 24,946,000 | $ 251,979 | $ 146,000 |
| Fajardo, Puerto Rico | 96 | $ 11,377,000 | $ 118,510 | $ 64,000 |
| Cidra, Puerto Rico | 85 | $ 9,961,000 | $ 117,188 | $ 48,000 |
| Cabo Rojo, Puerto Rico | 71 | $ 8,304,000 | $ 116,957 | $ 46,000 |
| Vega Alta, Puerto Rico | 71 | $ 10,927,000 | $ 153,901 | $ 25,000 |
| Cayey, Puerto Rico | 65 | $ 7,945,000 | $ 122,230 | $ 23,000 |
| Mayaguez, Puerto Rico | 60 | $ 5,741,000 | $ 95,683 | $ 29,000 |
| Manati, Puerto Rico | 51 | $ 4,592,000 | $ 90,039 | $ 32,000 |
| Hatillo, Puerto Rico | 50 | $ 6,493,000 | $ 129,860 | $ 33,000 |
| Catano, Puerto Rico | 49 | $ 5,994,000 | $ 122,326 | $ 29,000 |
| Juncos, Puerto Rico | 47 | $ 4,000,000 | $ 85,106 | $ 17,000 |
| San Sebastian, Puerto Rico | 45 | $ 3,891,000 | $ 86,466 | $ 20,000 |
| Aguadilla, Puerto Rico | 44 | $ 4,617,000 | $ 104,931 | $ 23,000 |
| Juana Diaz, Puerto Rico | 40 | $ 3,511,000 | $ 87,775 | $ 14,000 |
| Barceloneta, Puerto Rico | 39 | $ 3,627,000 | $ 93,000 | $ 23,000 |
| Las Piedras, Puerto Rico | 39 | $ 3,525,000 | $ 90,384 | $ 31,000 |
| Camuy, Puerto Rico | 38 | $ 3,581,000 | $ 94,236 | $ 36,000 |
| Loiza, Puerto Rico | 35 | $ 3,342,000 | $ 95,485 | $ 24,000 |
| Luquillo, Puerto Rico | 33 | $ 4,409,000 | $ 133,606 | $ 76,000 |
| San Lorenzo, Puerto Rico | 32 | $ 3,228,000 | $ 100,875 | $ 21,000 |
| Isabela, Puerto Rico | 31 | $ 3,089,000 | $ 99,645 | $ 22,000 |
| Guayama, Puerto Rico | 30 | $ 3,489,000 | $ 116,300 | $ 32,000 |
| Coamo, Puerto Rico | 29 | $ 2,759,000 | $ 95,137 | $ 25,000 |
| Morovis, Puerto Rico | 28 | $ 2,820,000 | $ 100,714 | $ 21,000 |
| Corozal, Puerto Rico | 27 | $ 2,139,000 | $ 79,222 | $ 23,000 |
| Hormigueros, Puerto Rico | 27 | $ 2,007,000 | $ 74,333 | $ 40,000 |
| Naranjito, Puerto Rico | 26 | $ 2,297,000 | $ 88,346 | $ 23,000 |
| Salinas, Puerto Rico | 25 | $ 2,833,000 | $ 113,320 | $ 79,000 |
| Ceiba, Puerto Rico | 24 | $ 2,289,000 | $ 95,375 | $ 19,000 |
| Sabana Grande, Puerto Rico | 24 | $ 2,206,000 | $ 91,916 | $ 33,000 |
| Utuado, Puerto Rico | 24 | $ 2,541,000 | $ 105,875 | $ 30,000 |
| Anasco, Puerto Rico | 23 | $ 2,192,000 | $ 95,304 | $ 17,000 |
| Aibonito, Puerto Rico | 22 | $ 3,147,000 | $ 143,045 | $ 88,000 |
| Santa Isabel, Puerto Rico | 22 | $ 2,039,000 | $ 92,681 | $ 28,000 |
| Aguada, Puerto Rico | 21 | $ 2,700,000 | $ 128,571 | $ 182,000 |
| Quebradillas, Puerto Rico | 21 | $ 1,833,000 | $ 87,285 | $ 17,000 |
| Rincon, Puerto Rico | 21 | $ 2,377,000 | $ 113,190 | $ 28,000 |
| Aguas Buenas, Puerto Rico | 20 | $ 2,351,000 | $ 117,550 | $ 64,000 |
| San German, Puerto Rico | 20 | $ 1,980,000 | $ 99,000 | $ 49,000 |
| Yauco, Puerto Rico | 19 | $ 1,974,000 | $ 103,894 | $ 27,000 |
| Moca, Puerto Rico | 18 | $ 1,857,000 | $ 103,166 | $ 24,000 |
| Naguabo, Puerto Rico | 18 | $ 1,818,000 | $ 101,000 | $ 24,000 |
| Comerio, Puerto Rico | 16 | $ 1,113,000 | $ 69,562 | $ 29,000 |
| Florida, Puerto Rico | 16 | $ 3,062,000 | $ 191,375 | $ 24,000 |
| Yabucoa, Puerto Rico | 16 | $ 1,053,000 | $ 65,812 | $ 20,000 |
| Ciales, Puerto Rico | 15 | $ 1,171,000 | $ 78,066 | $ 19,000 |
| Barranquitas, Puerto Rico | 14 | $ 1,606,000 | $ 114,714 | $ 13,000 |
| Penuelas, Puerto Rico | 10 | $ 1,217,000 | $ 121,700 | $ 20,000 |
| Adjuntas, Puerto Rico | 9 | $ 692,000 | $ 76,888 | $ 21,000 |
| Lares, Puerto Rico | 9 | $ 609,000 | $ 67,666 | $ 19,000 |
| Orocovis, Puerto Rico | 9 | $ 1,158,000 | $ 128,666 | $ 29,000 |
| Villalba, Puerto Rico | 9 | $ 715,000 | $ 79,444 | $ 20,000 |
| Jayuya, Puerto Rico | 8 | $ 661,000 | $ 82,625 | $ 13,000 |
| Maunabo, Puerto Rico | 8 | $ 820,000 | $ 102,500 | $ 30,000 |
| Patillas, Puerto Rico | 8 | $ 800,000 | $ 100,000 | $ 18,000 |
| Arroyo, Puerto Rico | 7 | $ 520,000 | $ 74,285 | $ 35,000 |
| Culebra, Puerto Rico | 7 | $ 840,000 | $ 120,000 | $ 73,000 |
| Guayanilla, Puerto Rico | 7 | $ 678,000 | $ 96,857 | $ 15,000 |
| Lajas, Puerto Rico | 7 | $ 1,079,000 | $ 154,142 | $ 33,000 |
| Guanica, Puerto Rico | 5 | $ 365,000 | $ 73,000 | $ 20,000 |
| Las Marias, Puerto Rico | 5 | $ 573,000 | $ 114,600 | $ 13,000 |
| Vieques, Puerto Rico | 4 | $ 290,000 | $ 72,500 | $ 14,000 |
| Maricao, Puerto Rico | 2 | $ 103,000 | $ 51,500 | $ 14,000 |
Mortgage Loan Application Detail Totals for Firstbank Puerto Rico 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 3,931 | $555,544,000 | $141,000 | $2,880,000 | $45,000 | $1,620,000 |
| Refinancing | 2,291 | $330,487,000 | $144,000 | $3,500,000 | $42,000 | $7,200,000 |
| Home Improvement | 189 | $13,213,000 | $69,000 | $743,000 | $44,000 | $1,015,000 |
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 | 3,964 | $570,046,000 | $143,000 | $3,500,000 | $52,000 | $7,200,000 |
| Not applicable | 2,349 | $304,279,000 | $129,000 | $3,026,000 | $0 | $2,378,000 |
| Not Provided | 62 | $15,687,000 | $253,000 | $1,000,000 | $189,000 | $1,325,000 |
| White | 31 | $7,803,000 | $251,000 | $900,000 | $135,000 | $726,000 |
| American Indian or Alaskan Native | 2 | $516,000 | $258,000 | $291,000 | $357,000 | $624,000 |
| Asian | 2 | $356,000 | $178,000 | $330,000 | $65,000 | $93,000 |
| Black or African American | 1 | $557,000 | $557,000 | $557,000 | $152,000 | $152,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 6,309 | $887,720,000 | $140,000 | $3,500,000 | $48,000 | $7,200,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 53 | $5,752,000 | $108,000 | $244,000 | $11,000 | $65,000 |
| FHA-insured (Federal Housing Administration) | 35 | $4,059,000 | $115,000 | $184,000 | $30,000 | $57,000 |
| VA-guaranteed (Veterans Administration) | 14 | $1,713,000 | $122,000 | $220,000 | $44,000 | $89,000 |
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 Purchased By The Institution | 6,351 | $892,503,000 | $140,000 | $3,500,000 | $45,000 | $7,200,000 |
| Application Denied By Financial Institution | 35 | $4,143,000 | $118,000 | $184,000 | $37,000 | $57,000 |
| Loan Originated | 13 | $1,429,000 | $109,000 | $220,000 | $37,000 | $89,000 |
| Application Withdrawn By Applicant | 9 | $888,000 | $98,000 | $126,000 | $31,000 | $47,000 |
| File Closed For Incompleteness | 2 | $194,000 | $97,000 | $120,000 | $37,000 | $38,000 |
| Application Approved But Not Accepted | 1 | $87,000 | $87,000 | $87,000 | $30,000 | $30,000 |
| 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 Firstbank Puerto Rico'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 Firstbank Puerto Rico'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.
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