Puerto Rico Farm Credit, Aca Mortgage Lending & HMDA Data, 2003
In 2003, Puerto Rico Farm Credit, Aca of San Juan, PR reported 67 mortgage applications totaling $9.7 million. The average application was for $144,582, and applicants reported an average income of $134,805. 90% of its applications resulted in an originated loan and 3% were denied. Its largest markets were San Juan-Bayamon, PR (34), Arecibo, PR (6) and Caguas, PR (6) (applications in parentheses).
| Mortgage Company & Address | Puerto Rico Farm Credit, Aca Po Box 363649 San Juan, PR 00936 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 67 |
| Total Mortgage Loan Application Amount | $9,687,000 |
| Average Mortgage Loan Application Amount | $144,582 |
| Highest Mortgage Loan Application Amount | $895,000 |
| Average Applicant Income | $134,805 |
| Highest Applicant Income | $2,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Puerto Rico Farm Credit, Aca filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Aibonito, Puerto Rico | 6 | $ 720,000 | $ 120,000 | $ 44,000 |
| Naranjito, Puerto Rico | 5 | $ 635,000 | $ 127,000 | $ 53,000 |
| Canovanas, Puerto Rico | 4 | $ 540,000 | $ 135,000 | $ 53,000 |
| San Juan, Puerto Rico | 4 | $ 623,000 | $ 155,750 | $ 725,000 |
| Trujillo Alto, Puerto Rico | 4 | $ 392,000 | $ 98,000 | $ 62,000 |
| Cidra, Puerto Rico | 3 | $ 424,000 | $ 141,333 | $ 53,000 |
| Fajardo, Puerto Rico | 3 | $ 410,000 | $ 136,666 | $ 56,000 |
| Hatillo, Puerto Rico | 3 | $ 303,000 | $ 101,000 | $ 44,000 |
| Arecibo, Puerto Rico | 2 | $ 265,000 | $ 132,500 | $ 63,000 |
| Barranquitas, Puerto Rico | 2 | $ 495,000 | $ 247,500 | $ 70,000 |
| Bayamon, Puerto Rico | 2 | $ 150,000 | $ 75,000 | $ 62,000 |
| Cayey, Puerto Rico | 2 | $ 205,000 | $ 102,500 | $ 56,000 |
| Coamo, Puerto Rico | 2 | $ 205,000 | $ 102,500 | $ 38,000 |
| Luquillo, Puerto Rico | 2 | $ 260,000 | $ 130,000 | $ 54,000 |
| Morovis, Puerto Rico | 2 | $ 231,000 | $ 115,500 | $ 46,000 |
| Utuado, Puerto Rico | 2 | $ 225,000 | $ 112,500 | $ 63,000 |
| Aguadilla, Puerto Rico | 1 | $ 170,000 | $ 170,000 | $ 51,000 |
| Aguas Buenas, Puerto Rico | 1 | $ 123,000 | $ 123,000 | $ 46,000 |
| Barceloneta, Puerto Rico | 1 | $ 300,000 | $ 300,000 | $ 94,000 |
| Caguas, Puerto Rico | 1 | $ 140,000 | $ 140,000 | $ 43,000 |
| Camuy, Puerto Rico | 1 | $ 238,000 | $ 238,000 | $ 72,000 |
| Carolina, Puerto Rico | 1 | $ 85,000 | $ 85,000 | $ 48,000 |
| Dorado, Puerto Rico | 1 | $ 895,000 | $ 895,000 | $ 2,000,000 |
| Guaynabo, Puerto Rico | 1 | $ 100,000 | $ 100,000 | $ 41,000 |
| Humacao, Puerto Rico | 1 | $ 285,000 | $ 285,000 | $ 202,000 |
| Isabela, Puerto Rico | 1 | $ 127,000 | $ 127,000 | $ 52,000 |
| Juana Diaz, Puerto Rico | 1 | $ 150,000 | $ 150,000 | $ 48,000 |
| Lajas, Puerto Rico | 1 | $ 120,000 | $ 120,000 | $ 61,000 |
| Manati, Puerto Rico | 1 | $ 155,000 | $ 155,000 | $ 49,000 |
| Maunabo, Puerto Rico | 1 | $ 110,000 | $ 110,000 | $ 28,000 |
| Salinas, Puerto Rico | 1 | $ 85,000 | $ 85,000 | $ 23,000 |
| San Sebastian, Puerto Rico | 1 | $ 100,000 | $ 100,000 | $ 36,000 |
| Santa Isabel, Puerto Rico | 1 | $ 216,000 | $ 216,000 | $ 94,000 |
| Toa Alta, Puerto Rico | 1 | $ 135,000 | $ 135,000 | $ 30,000 |
| Yabucoa, Puerto Rico | 1 | $ 70,000 | $ 70,000 | $ 36,000 |
Mortgage Loan Application Detail Totals for Puerto Rico Farm Credit, Aca in 2003
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 (one-to-four family) | 50 | $7,538,000 | $150,000 | $895,000 | $159,000 | $2,000,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 14 | $1,984,000 | $141,000 | $300,000 | $67,000 | $132,000 |
| Home Improvement (one-to-four family) | 3 | $165,000 | $55,000 | $85,000 | $48,000 | $60,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 52 | $6,994,000 | $134,000 | $300,000 | $60,000 | $202,000 |
| Information not provided by applicant in mail or telephone application | 13 | $2,509,000 | $193,000 | $895,000 | $347,000 | $2,000,000 |
| American Indian or Alaskan Native | 1 | $70,000 | $70,000 | $70,000 | $36,000 | $36,000 |
| Black | 1 | $114,000 | $114,000 | $114,000 | $39,000 | $39,000 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| White | 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) | 67 | $9,687,000 | $144,000 | $895,000 | $134,000 | $2,000,000 |
| 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 | 60 | $8,839,000 | $147,000 | $895,000 | $149,000 | $2,000,000 |
| Application Withdrawn By Applicant | 4 | $505,000 | $126,000 | $170,000 | $38,000 | $51,000 |
| Application Denied By Financial Institution | 2 | $220,000 | $110,000 | $120,000 | $36,000 | $41,000 |
| File Closed For Incompleteness | 1 | $123,000 | $123,000 | $123,000 | $46,000 | $46,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 2 | $220,000 | $110,000 | $120,000 | $36,000 | $41,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Puerto Rico Farm Credit, Aca's 2003 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 Puerto Rico Farm Credit, Aca'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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