The B&T of Puerto Rico Mortgage Lending & HMDA Data, 2003
In 2003, The B&T of Puerto Rico of San Juan, PR reported 149 mortgage applications totaling $13.0 million. The average application was for $87,281, and applicants reported an average income of $71,100. 52% of its applications resulted in an originated loan and 19% were denied. Its largest markets were San Juan-Bayamon, PR (102), Caguas, PR (18) and Mayaguez, PR (13) (applications in parentheses).
| Mortgage Company & Address | The B&T of Puerto Rico Banktrust Plaza Suite 101 San Juan, PR 00917 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 149 |
| Total Mortgage Loan Application Amount | $13,005,000 |
| Average Mortgage Loan Application Amount | $87,281 |
| Highest Mortgage Loan Application Amount | $755,000 |
| Average Applicant Income | $71,100 |
| Highest Applicant Income | $670,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The B&T of Puerto Rico filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| San Juan, Puerto Rico | 44 | $ 3,808,000 | $ 86,545 | $ 86,000 |
| Guaynabo, Puerto Rico | 12 | $ 1,259,000 | $ 104,916 | $ 92,000 |
| Carolina, Puerto Rico | 9 | $ 620,000 | $ 68,888 | $ 61,000 |
| Bayamon, Puerto Rico | 8 | $ 270,000 | $ 33,750 | $ 48,000 |
| Mayaguez, Puerto Rico | 8 | $ 492,000 | $ 61,500 | $ 115,000 |
| Cayey, Puerto Rico | 7 | $ 483,000 | $ 69,000 | $ 53,000 |
| Humacao, Puerto Rico | 6 | $ 810,000 | $ 135,000 | $ 90,000 |
| Ponce, Puerto Rico | 6 | $ 535,000 | $ 89,166 | $ 122,000 |
| Caguas, Puerto Rico | 5 | $ 201,000 | $ 40,200 | $ 30,000 |
| Cidra, Puerto Rico | 5 | $ 349,000 | $ 69,800 | $ 36,000 |
| Toa Baja, Puerto Rico | 4 | $ 327,000 | $ 81,750 | $ 50,000 |
| Cabo Rojo, Puerto Rico | 3 | $ 277,000 | $ 92,333 | $ 123,000 |
| Juncos, Puerto Rico | 3 | $ 179,000 | $ 59,666 | $ 20,000 |
| Canovanas, Puerto Rico | 2 | $ 10,000 | $ 5,000 | $ 27,000 |
| Ceiba, Puerto Rico | 2 | $ 78,000 | $ 39,000 | $ 35,000 |
| Fajardo, Puerto Rico | 2 | $ 144,000 | $ 72,000 | $ 61,000 |
| Lajas, Puerto Rico | 2 | $ 42,000 | $ 21,000 | $ 14,000 |
| Vega Baja, Puerto Rico | 2 | $ 225,000 | $ 112,500 | $ 63,000 |
| Arroyo, Puerto Rico | 1 | $ 80,000 | $ 80,000 | $ 20,000 |
| Catano, Puerto Rico | 1 | $ 220,000 | $ 220,000 | $ 79,000 |
| Guayama, Puerto Rico | 1 | $ 4,000 | $ 4,000 | $ 22,000 |
| Gurabo, Puerto Rico | 1 | $ 115,000 | $ 115,000 | $ 37,000 |
| Hatillo, Puerto Rico | 1 | $ 15,000 | $ 15,000 | $ 113,000 |
| Hormigueros, Puerto Rico | 1 | $ 5,000 | $ 5,000 | $ 10,000 |
| Las Piedras, Puerto Rico | 1 | $ 30,000 | $ 30,000 | $ 24,000 |
| Luquillo, Puerto Rico | 1 | $ 474,000 | $ 474,000 | $ 186,000 |
| Naguabo, Puerto Rico | 1 | $ 46,000 | $ 46,000 | $ 19,000 |
| Orocovis, Puerto Rico | 1 | $ 120,000 | $ 120,000 | $ 50,000 |
| Rincon, Puerto Rico | 1 | $ 25,000 | $ 25,000 | $ 79,000 |
| Rio Grande, Puerto Rico | 1 | $ 76,000 | $ 76,000 | $ 37,000 |
| San German, Puerto Rico | 1 | $ 24,000 | $ 24,000 | $ 35,000 |
| San Lorenzo, Puerto Rico | 1 | $ 50,000 | $ 50,000 | $ 25,000 |
| Toa Alta, Puerto Rico | 1 | $ 448,000 | $ 448,000 | $ 670,000 |
| Trujillo Alto, Puerto Rico | 1 | $ 314,000 | $ 314,000 | $ 115,000 |
| Utuado, Puerto Rico | 1 | $ 36,000 | $ 36,000 | $ 42,000 |
| Vega Alta, Puerto Rico | 1 | $ 500,000 | $ 500,000 | $ 70,000 |
| Villalba, Puerto Rico | 1 | $ 314,000 | $ 314,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for The B&T of Puerto Rico 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 Improvement (one-to-four family) | 70 | $1,088,000 | $15,000 | $100,000 | $48,000 | $325,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 55 | $7,845,000 | $142,000 | $755,000 | $94,000 | $670,000 |
| Home Purchase (one-to-four family) | 24 | $4,072,000 | $169,000 | $474,000 | $86,000 | $280,000 |
| 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 | 142 | $12,278,000 | $86,000 | $755,000 | $77,000 | $670,000 |
| Information not provided by applicant in mail or telephone application | 4 | $344,000 | $86,000 | $314,000 | $45,000 | $92,000 |
| American Indian or Alaskan Native | 2 | $373,000 | $186,000 | $367,000 | $83,000 | $145,000 |
| White | 1 | $10,000 | $10,000 | $10,000 | $110,000 | $110,000 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 149 | $13,005,000 | $87,000 | $755,000 | $76,000 | $670,000 |
| 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 | 77 | $6,849,000 | $88,000 | $755,000 | $98,000 | $670,000 |
| Loan Purchased By The Institution | 33 | $2,174,000 | $65,000 | $148,000 | $33,000 | $93,000 |
| Application Denied By Financial Institution | 28 | $1,982,000 | $70,000 | $474,000 | $61,000 | $186,000 |
| Application Withdrawn By Applicant | 9 | $1,931,000 | $214,000 | $500,000 | $162,000 | $484,000 |
| File Closed For Incompleteness | 1 | $55,000 | $55,000 | $55,000 | $26,000 | $26,000 |
| Application Approved But Not Accepted | 1 | $14,000 | $14,000 | $14,000 | $34,000 | $34,000 |
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 | 18 | $1,217,000 | $67,000 | $474,000 | $71,000 | $186,000 |
| Credit History | 5 | $276,000 | $55,000 | $220,000 | $37,000 | $79,000 |
| Other | 2 | $10,000 | $5,000 | $5,000 | $10,000 | $10,000 |
| Collateral | 1 | $314,000 | $314,000 | $314,000 | $60,000 | $60,000 |
| Credit Application Incomplete | 1 | $150,000 | $150,000 | $150,000 | $140,000 | $140,000 |
| Employment History | 1 | $15,000 | $15,000 | $15,000 | $32,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The B&T of Puerto Rico'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 The B&T of Puerto Rico'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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