Firstbank Mortgage Lending & HMDA Data, 2022
In 2022, Firstbank of San Juan, PR reported 4,194 mortgage applications totaling $769.8 million, down 23% from 2021. The average application was for $183,543, and applicants reported an average income of $102,017. 55% of its applications resulted in an originated loan and 20% were denied. Its largest markets were San Juan-Carolina-Caguas, PR (2,786), Aguadilla-Isabela, PR (354) and Miami-Miami Beach-Kendall, FL (187) (applications in parentheses).
| Mortgage Company & Address | Firstbank Po Box 9146 San Juan, PR 00908 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 4,194 |
| Total Mortgage Loan Application Amount | $769,780,000 |
| Average Mortgage Loan Application Amount | $183,543 |
| Highest Mortgage Loan Application Amount | $10,005,000 |
| Average Applicant Income | $102,017 |
| Highest Applicant Income | $7,140,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Firstbank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Carolina-Caguas, PR | 2,786 | $ 490,240,000 | $ 175,965 | $ 101,000 |
| Aguadilla-Isabela, PR | 354 | $ 53,770,000 | $ 151,892 | $ 93,000 |
| Miami-Miami Beach-Kendall, FL | 187 | $ 82,105,000 | $ 439,064 | $ 223,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 183 | $ 36,065,000 | $ 197,076 | $ 104,000 |
| Arecibo, PR | 164 | $ 21,060,000 | $ 128,414 | $ 62,000 |
| Ponce, PR | 129 | $ 15,615,000 | $ 121,046 | $ 69,000 |
| San German-Cabo Rojo, PR | 103 | $ 14,135,000 | $ 137,233 | $ 75,000 |
| Mayagnez, PR | 68 | $ 8,770,000 | $ 128,970 | $ 93,000 |
| Outside any metro area | 67 | $ 9,265,000 | $ 138,283 | $ 77,895 |
| Guayama, PR | 50 | $ 5,140,000 | $ 102,800 | $ 82,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 49 | $ 18,875,000 | $ 385,204 | $ 118,000 |
| Ponce-Yauco-Coamo, PR | 36 | $ 3,930,000 | $ 109,166 | $ 70,000 |
| Orlando-Kissimmee-Sanford, FL | 6 | $ 2,440,000 | $ 406,666 | $ 252,000 |
| Jacksonville, FL | 3 | $ 5,845,000 | $ 1,948,333 | $ 144,000 |
| Lakeland-Winter Haven, FL | 2 | $ 340,000 | $ 170,000 | $ 47,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 570,000 | $ 285,000 | $ 138,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 825,000 | $ 825,000 | $ 262,000 |
| Ocala, FL | 1 | $ 255,000 | $ 255,000 | $ 172,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 255,000 | $ 255,000 | $ 55,000 |
| Panama City, FL | 1 | $ 125,000 | $ 125,000 | $ 2,712,000 |
| Sebring, FL | 1 | $ 155,000 | $ 155,000 | $ 118,000 |
Mortgage Loan Application Detail Totals for Firstbank in 2022
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 | 2,853 | $549,685,000 | $192,000 | $4,005,000 | $104,000 | $7,140,000 |
| Refinancing | 543 | $94,275,000 | $173,000 | $10,005,000 | $95,000 | $3,012,000 |
| Cash-out Refinancing | 412 | $77,330,000 | $187,000 | $1,605,000 | $100,000 | $2,712,000 |
| Not Applicable | 183 | $16,775,000 | $91,000 | $385,000 | $0 | $0 |
| Other Purpose | 136 | $22,140,000 | $162,000 | $1,505,000 | $99,000 | $1,740,000 |
| Home Improvement | 67 | $9,575,000 | $142,000 | $645,000 | $93,000 | $1,020,000 |
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 | 3,678 | $638,400,000 | $173,000 | $4,005,000 | $94,000 | $7,140,000 |
| Not applicable | 252 | $56,310,000 | $223,000 | $10,005,000 | $0 | $0 |
| White | 193 | $56,985,000 | $295,000 | $2,005,000 | $231,000 | $2,712,000 |
| Black or African American | 41 | $6,885,000 | $167,000 | $485,000 | $111,000 | $742,000 |
| Asian | 21 | $8,455,000 | $402,000 | $1,325,000 | $281,000 | $1,250,000 |
| Not Provided | 5 | $1,065,000 | $213,000 | $355,000 | $267,000 | $912,000 |
| American Indian or Alaskan Native | 1 | $425,000 | $425,000 | $425,000 | $239,000 | $239,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $155,000 | $155,000 | $155,000 | $95,000 | $95,000 |
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) | 2,582 | $534,330,000 | $206,000 | $10,005,000 | $126,000 | $7,140,000 |
| FHA-insured (Federal Housing Administration) | 947 | $140,595,000 | $148,000 | $615,000 | $60,000 | $493,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 447 | $53,835,000 | $120,000 | $305,000 | $45,000 | $96,000 |
| VA-guaranteed (Veterans Administration) | 218 | $41,020,000 | $188,000 | $645,000 | $71,000 | $239,000 |
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 | 2,315 | $474,585,000 | $205,000 | $10,005,000 | $111,000 | $7,140,000 |
| Application Denied By Financial Institution | 818 | $124,690,000 | $152,000 | $1,155,000 | $63,000 | $741,000 |
| Application Withdrawn By Applicant | 540 | $99,220,000 | $183,000 | $1,675,000 | $116,000 | $1,740,000 |
| Loan Purchased By The Institution | 226 | $22,180,000 | $98,000 | $385,000 | $0 | $0 |
| Application Approved But Not Accepted | 169 | $26,935,000 | $159,000 | $995,000 | $102,000 | $3,012,000 |
| File Closed For Incompleteness | 126 | $22,170,000 | $175,000 | $1,205,000 | $135,000 | $2,712,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 3,376 | $645,090,000 | $191,000 | $10,005,000 | $113,000 | $7,140,000 |
| Collateral | 261 | $40,025,000 | $153,000 | $1,025,000 | $73,000 | $741,000 |
| Debt-To-Income Ratio | 253 | $42,835,000 | $169,000 | $1,155,000 | $55,000 | $367,000 |
| Credit History | 123 | $16,705,000 | $135,000 | $415,000 | $58,000 | $373,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 66 | $8,190,000 | $124,000 | $605,000 | $57,000 | $441,000 |
| Unverifiable Information | 50 | $7,180,000 | $143,000 | $585,000 | $54,000 | $234,000 |
| Other | 37 | $5,895,000 | $159,000 | $615,000 | $65,000 | $166,000 |
| Employment History | 19 | $2,185,000 | $115,000 | $235,000 | $102,000 | $601,000 |
| Mortgage Insurance Denied | 5 | $765,000 | $153,000 | $295,000 | $56,000 | $71,000 |
| Credit Application Incomplete | 4 | $910,000 | $227,000 | $485,000 | $168,000 | $431,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Firstbank's 2022 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'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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