Rf Mortgage (Tel 782-8255; Fax Mortgage Lending & HMDA Data, 2003
In 2003, Rf Mortgage (Tel 782-8255; Fax of San Juan, PR reported 460 mortgage applications totaling $77.4 million. The average application was for $168,217, and applicants reported an average income of $61,439. 79% of its applications resulted in an originated loan and 1% were denied. Its largest markets were San Juan-Bayamon, PR (328), Mayaguez, PR (38) and Ponce, PR (29) (applications in parentheses).
| Mortgage Company & Address | Rf Mortgage (Tel 782-8255; Fax 1148 Ave Franklin D. Roosevelt San Juan, PR 00920 |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 460 |
| Total Mortgage Loan Application Amount | $77,380,000 |
| Average Mortgage Loan Application Amount | $168,217 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $61,439 |
| Highest Applicant Income | $1,129,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rf Mortgage (Tel 782-8255; Fax filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Rf Mortgage (Tel 782-8255; Fax 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) | 251 | $40,685,000 | $162,000 | $1,000,000 | $57,000 | $1,060,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 208 | $36,640,000 | $176,000 | $983,000 | $67,000 | $1,129,000 |
| Home Improvement (one-to-four family) | 1 | $55,000 | $55,000 | $55,000 | $19,000 | $19,000 |
| 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 | 450 | $74,508,000 | $165,000 | $1,000,000 | $57,000 | $1,129,000 |
| Information not provided by applicant in mail or telephone application | 8 | $1,950,000 | $243,000 | $439,000 | $129,000 | $488,000 |
| Other | 1 | $600,000 | $600,000 | $600,000 | $213,000 | $213,000 |
| White | 1 | $322,000 | $322,000 | $322,000 | $102,000 | $102,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black | 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) | 418 | $71,993,000 | $172,000 | $1,000,000 | $64,000 | $1,129,000 |
| FHA-insured (Federal Housing Administration) | 28 | $3,488,000 | $124,000 | $273,000 | $44,000 | $100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $1,311,000 | $145,000 | $251,000 | $46,000 | $83,000 |
| VA-guaranteed (Veterans Administration) | 5 | $588,000 | $117,000 | $123,000 | $39,000 | $51,000 |
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 | 363 | $64,679,000 | $178,000 | $1,000,000 | $67,000 | $1,129,000 |
| Application Withdrawn By Applicant | 72 | $9,819,000 | $136,000 | $578,000 | $49,000 | $160,000 |
| Application Approved But Not Accepted | 21 | $2,542,000 | $121,000 | $323,000 | $50,000 | $104,000 |
| Application Denied By Financial Institution | 4 | $340,000 | $85,000 | $130,000 | $23,000 | $33,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 4 | $340,000 | $85,000 | $130,000 | $23,000 | $33,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rf Mortgage (Tel 782-8255; Fax'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 Rf Mortgage (Tel 782-8255; Fax'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