Santander Financial Services Mortgage Lending & HMDA Data, 2012
In 2012, Santander Financial Services of San Juan, PR reported 564 mortgage applications totaling $31.1 million, down 20% from 2011. The average application was for $55,117, and applicants reported an average income of $25,484. 20% of its applications resulted in an originated loan and 68% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (317), Aguadilla-Isabela-San Sebastian, PR (57) and Yauco, PR (40) (applications in parentheses).
| Mortgage Company & Address | Santander Financial Services P.O. Box 71504 San Juan, PR 00936 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 |
| Total Number of Mortgage Applications | 564 |
| Total Mortgage Loan Application Amount | $31,086,000 |
| Average Mortgage Loan Application Amount | $55,117 |
| Highest Mortgage Loan Application Amount | $239,000 |
| Average Applicant Income | $25,484 |
| Highest Applicant Income | $371,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Santander Financial Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Vega Baja, Puerto Rico | 32 | $ 1,726,000 | $ 53,937 | $ 19,000 |
| Ponce, Puerto Rico | 24 | $ 1,019,000 | $ 42,458 | $ 23,000 |
| San Juan, Puerto Rico | 24 | $ 1,528,000 | $ 63,666 | $ 44,000 |
| Rio Grande, Puerto Rico | 22 | $ 1,584,000 | $ 72,000 | $ 25,000 |
| Arecibo, Puerto Rico | 16 | $ 916,000 | $ 57,250 | $ 23,000 |
| Yauco, Puerto Rico | 16 | $ 1,029,000 | $ 64,312 | $ 36,000 |
| San Sebastian, Puerto Rico | 15 | $ 958,000 | $ 63,866 | $ 21,000 |
| Carolina, Puerto Rico | 14 | $ 1,059,000 | $ 75,642 | $ 54,000 |
| Bayamon, Puerto Rico | 13 | $ 745,000 | $ 57,307 | $ 30,000 |
| Mayaguez, Puerto Rico | 13 | $ 637,000 | $ 49,000 | $ 17,000 |
| Morovis, Puerto Rico | 13 | $ 448,000 | $ 34,461 | $ 16,000 |
| Toa Baja, Puerto Rico | 13 | $ 754,000 | $ 58,000 | $ 29,000 |
| Juana Diaz, Puerto Rico | 12 | $ 518,000 | $ 43,166 | $ 18,000 |
| Manati, Puerto Rico | 12 | $ 662,000 | $ 55,166 | $ 22,000 |
| Arroyo, Puerto Rico | 11 | $ 629,000 | $ 57,181 | $ 27,000 |
| Fajardo, Puerto Rico | 11 | $ 672,000 | $ 61,090 | $ 20,000 |
| Humacao, Puerto Rico | 11 | $ 697,000 | $ 63,363 | $ 33,000 |
| Vega Alta, Puerto Rico | 11 | $ 453,000 | $ 41,181 | $ 20,000 |
| Guanica, Puerto Rico | 9 | $ 509,000 | $ 56,555 | $ 20,000 |
| Penuelas, Puerto Rico | 9 | $ 404,000 | $ 44,888 | $ 19,000 |
| Aguadilla, Puerto Rico | 8 | $ 396,000 | $ 49,500 | $ 21,000 |
| Aibonito, Puerto Rico | 8 | $ 387,000 | $ 48,375 | $ 20,000 |
| Cabo Rojo, Puerto Rico | 8 | $ 320,000 | $ 40,000 | $ 20,000 |
| Guayama, Puerto Rico | 8 | $ 356,000 | $ 44,500 | $ 19,000 |
| Lajas, Puerto Rico | 8 | $ 410,000 | $ 51,250 | $ 20,000 |
| Lares, Puerto Rico | 8 | $ 575,000 | $ 71,875 | $ 28,000 |
| Moca, Puerto Rico | 8 | $ 360,000 | $ 45,000 | $ 18,000 |
| San German, Puerto Rico | 8 | $ 494,000 | $ 61,750 | $ 31,000 |
| Barceloneta, Puerto Rico | 7 | $ 250,000 | $ 35,714 | $ 15,000 |
| Barranquitas, Puerto Rico | 7 | $ 451,000 | $ 64,428 | $ 24,000 |
| Caguas, Puerto Rico | 7 | $ 434,000 | $ 62,000 | $ 24,000 |
| Juncos, Puerto Rico | 7 | $ 281,000 | $ 40,142 | $ 21,000 |
| Naranjito, Puerto Rico | 7 | $ 333,000 | $ 47,571 | $ 20,000 |
| Santa Isabel, Puerto Rico | 7 | $ 354,000 | $ 50,571 | $ 24,000 |
| Toa Alta, Puerto Rico | 7 | $ 403,000 | $ 57,571 | $ 25,000 |
| Trujillo Alto, Puerto Rico | 7 | $ 316,000 | $ 45,142 | $ 25,000 |
| Camuy, Puerto Rico | 6 | $ 296,000 | $ 49,333 | $ 22,000 |
| Canovanas, Puerto Rico | 6 | $ 295,000 | $ 49,166 | $ 22,000 |
| Cayey, Puerto Rico | 6 | $ 465,000 | $ 77,500 | $ 58,000 |
| Cidra, Puerto Rico | 6 | $ 301,000 | $ 50,166 | $ 25,000 |
| Corozal, Puerto Rico | 6 | $ 472,000 | $ 78,666 | $ 27,000 |
| Guayanilla, Puerto Rico | 6 | $ 273,000 | $ 45,500 | $ 22,000 |
| Isabela, Puerto Rico | 6 | $ 377,000 | $ 62,833 | $ 27,000 |
| Yabucoa, Puerto Rico | 6 | $ 318,000 | $ 53,000 | $ 21,000 |
| Adjuntas, Puerto Rico | 5 | $ 268,000 | $ 53,600 | $ 33,000 |
| Aguada, Puerto Rico | 5 | $ 199,000 | $ 39,800 | $ 28,000 |
| Anasco, Puerto Rico | 5 | $ 283,000 | $ 56,600 | $ 13,000 |
| Hatillo, Puerto Rico | 5 | $ 370,000 | $ 74,000 | $ 22,000 |
| Hormigueros, Puerto Rico | 5 | $ 270,000 | $ 54,000 | $ 15,000 |
| Salinas, Puerto Rico | 5 | $ 122,000 | $ 24,400 | $ 18,000 |
| Utuado, Puerto Rico | 5 | $ 332,000 | $ 66,400 | $ 34,000 |
| Ciales, Puerto Rico | 4 | $ 126,000 | $ 31,500 | $ 14,000 |
| Florida, Puerto Rico | 4 | $ 226,000 | $ 56,500 | $ 17,000 |
| Guaynabo, Puerto Rico | 4 | $ 570,000 | $ 142,500 | $ 79,000 |
| Gurabo, Puerto Rico | 4 | $ 271,000 | $ 67,750 | $ 60,000 |
| Jayuya, Puerto Rico | 4 | $ 241,000 | $ 60,250 | $ 21,000 |
| Quebradillas, Puerto Rico | 4 | $ 282,000 | $ 70,500 | $ 20,000 |
| Sabana Grande, Puerto Rico | 4 | $ 148,000 | $ 37,000 | $ 20,000 |
| Coamo, Puerto Rico | 3 | $ 135,000 | $ 45,000 | $ 14,000 |
| Las Piedras, Puerto Rico | 3 | $ 75,000 | $ 25,000 | $ 12,000 |
| Luquillo, Puerto Rico | 3 | $ 120,000 | $ 40,000 | $ 16,000 |
| Orocovis, Puerto Rico | 3 | $ 164,000 | $ 54,666 | $ 25,000 |
| Patillas, Puerto Rico | 3 | $ 205,000 | $ 68,333 | $ 21,000 |
| Catano, Puerto Rico | 2 | $ 113,000 | $ 56,500 | $ 21,000 |
| Comerio, Puerto Rico | 2 | $ 128,000 | $ 64,000 | $ 31,000 |
| Maunabo, Puerto Rico | 2 | $ 71,000 | $ 35,500 | $ 12,000 |
| Naguabo, Puerto Rico | 2 | $ 32,000 | $ 16,000 | $ 10,000 |
| Rincon, Puerto Rico | 2 | $ 132,000 | $ 66,000 | $ 23,000 |
| San Lorenzo, Puerto Rico | 2 | $ 159,000 | $ 79,500 | $ 38,000 |
| Vieques, Puerto Rico | 2 | $ 50,000 | $ 25,000 | $ 28,000 |
| Dorado, Puerto Rico | 1 | $ 15,000 | $ 15,000 | $ 19,000 |
| Loiza, Puerto Rico | 1 | $ 75,000 | $ 75,000 | $ 190,000 |
| Villalba, Puerto Rico | 1 | $ 40,000 | $ 40,000 | $ 19,000 |
Mortgage Loan Application Detail Totals for Santander Financial Services in 2012
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 Improvement | 291 | $13,156,000 | $45,000 | $200,000 | $25,000 | $371,000 |
| Refinancing | 273 | $17,930,000 | $65,000 | $239,000 | $26,000 | $270,000 |
| Home Purchase | 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 | 563 | $30,971,000 | $55,000 | $239,000 | $26,000 | $371,000 |
| White | 1 | $115,000 | $115,000 | $115,000 | $48,000 | $48,000 |
| 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 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 564 | $31,086,000 | $55,000 | $239,000 | $26,000 | $371,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 386 | $22,091,000 | $57,000 | $239,000 | $25,000 | $280,000 |
| Loan Originated | 115 | $5,782,000 | $50,000 | $157,000 | $25,000 | $131,000 |
| Application Withdrawn By Applicant | 62 | $3,182,000 | $51,000 | $200,000 | $32,000 | $371,000 |
| Application Approved But Not Accepted | 1 | $31,000 | $31,000 | $31,000 | $23,000 | $23,000 |
| 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 History | 143 | $7,301,000 | $51,000 | $239,000 | $28,000 | $280,000 |
| Debt-To-Income Ratio | 142 | $8,933,000 | $62,000 | $200,000 | $17,000 | $50,000 |
| Collateral | 74 | $3,913,000 | $52,000 | $215,000 | $28,000 | $197,000 |
| Unverifiable Information | 27 | $1,944,000 | $72,000 | $196,000 | $41,000 | $270,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Santander Financial Services's 2012 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 Santander Financial Services'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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