In 2023, lenders reported 272 mortgage applications in Manati Municipio, PR totaling $32.0 million, down 20% from 2022. The average application was for $117,000, and applicants reported an average income of $59,000. 49% of applications resulted in an originated loan and 17% were denied. The most active lender was Banco Popular, with 64 applications, followed by Firstbank and Oriental Bank.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 272 |
| Total Mortgage Loan Application Amount | $32,040,000 |
| Average Mortgage Loan Application Amount | $117,000 |
| Highest Mortgage Loan Application Amount | $575,000 |
| Average Applicant Income | $59,000 |
| Highest Applicant Income | $320,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Banco Popular PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 56,050,000,000 | 64 | $ 7,980,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 18,626,645,000 | 35 | $ 5,035,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 9,709,667,000 | 26 | $ 2,370,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ -1,000 | 23 | $ 2,685,000 |
| Cooperativa De Ac Manati PO BOX 30562 MANATI, PR 00674 |
* | $ -1,000 | 23 | $ 2,445,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ -1,000 | 14 | $ 1,290,000 |
| Trust Mortgage Corp. EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS SAN JUAN, PR 00923 |
* | $ -1,000 | 12 | $ 1,380,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ -1,000 | 10 | $ 1,020,000 |
| Actual Mortgage Bankers PO BOX 2808 BAYAMON, PR 00960 |
* | $ -1,000 | 9 | $ 915,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 8 | $ 1,170,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ -1,000 | 5 | $ 425,000 |
| Latin American Financlal 1700 JESUS T. PINERO AVE 2ND FL STE 26 SAN JUAN, PR 00921 |
* | $ -1,000 | 5 | $ 705,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ -1,000 | 5 | $ 485,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ -1,000 | 5 | $ 645,000 |
| Multiples Mortgage Corp. 761 AVE. LUIS MUNOZ RIVERA, SAN JUAN, PR 00918 |
* | $ -1,000 | 4 | $ 370,000 |
| Capital Mortgage 206 ELEANOR ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 3 | $ 335,000 |
| Pentagon Federal Credit Union OMAHA, NE 68164 |
* | $ 35,526,360,000 | 3 | $ 265,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ -1,000 | 2 | $ 420,000 |
| Coop. De A/C La Puertorrique+¦A AVE. ANA G. MÉNDEZ, 9729 PR-176 KM 1.1 SAN JUAN, PR 00921 |
* | $ -1,000 | 2 | $ 270,000 |
| Cooperativa De A/C Isabela 21 CALLE BARBOSA SUITE 1 ISABELA, PR 00662 |
* | $ -1,000 | 2 | $ 190,000 |
| Cooperativa De A/C Camuy AVE. BALTAZAR JIMÉNEZ MÉNDEZ #300 CAMUY, PR 00627 |
* | $ -1,000 | 2 | $ 270,000 |
| Vegacoop APARTADO 1078 VEGA ALTA, PR 00692 |
* | $ -1,000 | 1 | $ 75,000 |
| The Lending Center Corporation G-8 ONEILL STREET SAN JUAN, PR 00918 |
* | $ -1,000 | 1 | $ 85,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ -1,000 | 1 | $ 215,000 |
| Cooperativa De Ac Las Piedras APARTADO 414 LAS PIEDRAS, PR 00771 |
* | $ -1,000 | 1 | $ 185,000 |
| Cooperativa La Sagrada Familia CALLE BOU 38 COROZAL, PR 00783 |
* | $ -1,000 | 1 | $ 275,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 5,751,484,000 | 1 | $ 125,000 |
| Crosscountry Mortgage, LLC 2160 SUPERIOR AVENUE CLEVELAND, OH 44114 |
* | $ -1,000 | 1 | $ 155,000 |
| Coopaca Mortgage PO BOX 1056 ARECIBO, PR 00613 |
* | $ -1,000 | 1 | $ 55,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ -1,000 | 1 | $ 95,000 |
| Caribe Federal Credit Union 195 ONEIL ST SAN JUAN, PR 00918 |
* | $ 654,595,000 | 1 | $ 105,000 |
The tables below break down 2023 mortgage applications in Manati Municipio, PR by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
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 | 240 | $28,520,000 | $118,000 | $575,000 | $57,000 | $320,000 |
| Cash-out Refinancing | 19 | $2,405,000 | $126,000 | $315,000 | $78,000 | $264,000 |
| Home Improvement | 4 | $390,000 | $97,000 | $135,000 | $48,000 | $79,000 |
| Not Applicable | 4 | $210,000 | $52,000 | $85,000 | $0 | $0 |
| Other Purpose | 3 | $325,000 | $108,000 | $145,000 | $63,000 | $123,000 |
| Refinancing | 2 | $190,000 | $95,000 | $95,000 | $43,000 | $49,000 |
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 | 213 | $25,235,000 | $118,000 | $495,000 | $58,000 | $320,000 |
| Not applicable | 47 | $5,165,000 | $109,000 | $485,000 | $0 | $0 |
| White | 7 | $615,000 | $87,000 | $145,000 | $54,000 | $123,000 |
| Not Provided | 3 | $825,000 | $275,000 | $575,000 | $115,000 | $230,000 |
| Black or African American | 2 | $200,000 | $100,000 | $115,000 | $35,000 | $36,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 116 | $13,670,000 | $117,000 | $485,000 | $49,000 | $320,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 92 | $10,910,000 | $118,000 | $575,000 | $75,000 | $309,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 60 | $6,620,000 | $110,000 | $235,000 | $40,000 | $80,000 |
| VA-guaranteed (Veterans Administration) | 4 | $840,000 | $210,000 | $315,000 | $102,000 | $122,000 |
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 | 134 | $16,990,000 | $126,000 | $575,000 | $67,000 | $320,000 |
| Loan Purchased By The Institution | 47 | $5,165,000 | $109,000 | $485,000 | $0 | $0 |
| Application Denied By Financial Institution | 46 | $5,490,000 | $119,000 | $495,000 | $43,000 | $154,000 |
| Application Withdrawn By Applicant | 27 | $2,805,000 | $103,000 | $195,000 | $48,000 | $98,000 |
| File Closed For Incompleteness | 10 | $880,000 | $88,000 | $145,000 | $45,000 | $116,000 |
| Application Approved But Not Accepted | 8 | $710,000 | $88,000 | $205,000 | $64,000 | $197,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 226 | $26,550,000 | $117,000 | $575,000 | $63,000 | $320,000 |
| Collateral | 23 | $2,905,000 | $126,000 | $495,000 | $47,000 | $154,000 |
| Debt-To-Income Ratio | 11 | $1,385,000 | $125,000 | $195,000 | $39,000 | $107,000 |
| Credit History | 5 | $585,000 | $117,000 | $155,000 | $49,000 | $83,000 |
| Other | 3 | $215,000 | $71,000 | $95,000 | $47,000 | $87,000 |
| Employment History | 2 | $170,000 | $85,000 | $115,000 | $27,000 | $35,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $230,000 | $115,000 | $145,000 | $32,000 | $43,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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