Pan American Financial Corp. Mortgage Lending & HMDA Data, 2004
In 2004, Pan American Financial Corp. of Guaynabo, PR reported 795 mortgage applications totaling $99.9 million, down 13% from 2003. The average application was for $125,618, and applicants reported an average income of $52,655. 55% of its applications resulted in an originated loan and 10% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (706), Fajardo, PR (38) and Aguadilla-Isabela-San Sebastian, PR (15) (applications in parentheses).
| Mortgage Company & Address | Pan American Financial Corp. 1505 F.D. Roosevelt, Suite 201 Guaynabo, PR 00968 |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 795 |
| Total Mortgage Loan Application Amount | $99,867,000 |
| Average Mortgage Loan Application Amount | $125,618 |
| Highest Mortgage Loan Application Amount | $1,852,000 |
| Average Applicant Income | $52,655 |
| Highest Applicant Income | $960,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Pan American Financial Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Pan American Financial Corp. in 2004
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 | 607 | $73,026,000 | $120,000 | $1,852,000 | $51,000 | $960,000 |
| Refinancing | 188 | $26,841,000 | $142,000 | $900,000 | $58,000 | $360,000 |
| 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 | 476 | $60,262,000 | $126,000 | $1,852,000 | $59,000 | $960,000 |
| Not Provided | 314 | $38,950,000 | $124,000 | $900,000 | $45,000 | $309,000 |
| White | 5 | $655,000 | $131,000 | $198,000 | $47,000 | $88,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 414 | $45,987,000 | $111,000 | $253,000 | $38,000 | $140,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 352 | $50,653,000 | $143,000 | $1,852,000 | $68,000 | $960,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 26 | $2,785,000 | $107,000 | $233,000 | $41,000 | $96,000 |
| VA-guaranteed (Veterans Administration) | 3 | $442,000 | $147,000 | $290,000 | $66,000 | $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 Originated | 439 | $53,825,000 | $122,000 | $860,000 | $52,000 | $338,000 |
| Application Withdrawn By Applicant | 247 | $32,424,000 | $131,000 | $1,852,000 | $58,000 | $960,000 |
| Application Denied By Financial Institution | 78 | $10,064,000 | $129,000 | $900,000 | $49,000 | $328,000 |
| Application Approved But Not Accepted | 31 | $3,554,000 | $114,000 | $326,000 | $49,000 | $98,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit Application Incomplete | 69 | $9,118,000 | $132,000 | $900,000 | $51,000 | $328,000 |
| Credit History | 3 | $265,000 | $88,000 | $95,000 | $31,000 | $41,000 |
| Debt-To-Income Ratio | 2 | $190,000 | $95,000 | $114,000 | $48,000 | $85,000 |
| Other | 2 | $218,000 | $109,000 | $124,000 | $31,000 | $39,000 |
| Employment History | 1 | $113,000 | $113,000 | $113,000 | $39,000 | $39,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $160,000 | $160,000 | $160,000 | $46,000 | $46,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Pan American Financial Corp.'s 2004 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 Pan American Financial Corp.'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