Maricao Municipio, PR Mortgage Lenders & HMDA Data, 2016

In 2016, lenders reported 56 mortgage applications in Maricao Municipio, PR totaling $1.3 million, up 47% from 2015. The average application was for $22,000, and applicants reported an average income of $22,000. 34% of applications resulted in an originated loan and 46% were denied. The most active lender was Banco Popular, with 30 applications, followed by Oriental Bank and Scotiabank De Puerto Rico.

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Total Number of Mortgage Applications 56
Total Mortgage Loan Application Amount $1,269,000
Average Mortgage Loan Application Amount $22,000
Highest Mortgage Loan Application Amount $120,000
Average Applicant Income $22,000
Highest Applicant Income $113,000
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Top Mortgage Lenders in Maricao Municipio, PR (2016)

Ranked by the number of mortgage applications each lender reported in Maricao Municipio, PR in 2016.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Banco Popular
San Juan, PR
30 $335,000 $11,000 $19,000
2 Oriental Bank
San Juan, PR
14 $216,000 $15,000 $20,000
3 Scotiabank De Puerto Rico
San Juan, PR
4 $140,000 $35,000 $16,000
4 Firstbank
San Juan, PR
3 $214,000 $71,000 $28,000
5 Santander Financial Services
San Juan, PR
2 $112,000 $56,000 $17,000
6 Baxter Credit Union
340 N Milwaukee Ave, IL
1 $120,000 $120,000 $113,000
7 Cooperativa De A\C Lares
Lares, PR
1 $82,000 $82,000 $16,000
8 Banco Santander Puerto Rico
San Juan, PR
1 $50,000 $50,000 $40,000

See every lender active in Maricao Municipio, PR in 2016 »

The tables below break down 2016 mortgage applications in Maricao Municipio, PR by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Maricao Municipio, PR in 2016

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 38 $346,000 $9,000 $82,000 $18,000 $50,000
Home Purchase 13 $483,000 $37,000 $66,000 $23,000 $93,000
Refinancing 5 $440,000 $88,000 $120,000 $49,000 $113,000

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 54 $1,242,000 $23,000 $120,000 $22,000 $113,000
Not applicable 1 $25,000 $25,000 $25,000 $0 $0
White 1 $2,000 $2,000 $2,000 $11,000 $11,000
Not Provided 0 $0 $0 $0 $0 $0
Native Hawaiin 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
Black or African American 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) 47 $773,000 $16,000 $120,000 $21,000 $113,000
FHA-insured (Federal Housing Administration) 7 $376,000 $53,000 $108,000 $21,000 $32,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $79,000 $79,000 $79,000 $36,000 $36,000
VA-guaranteed (Veterans Administration) 1 $41,000 $41,000 $41,000 $33,000 $33,000

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
Application Denied By Financial Institution 26 $634,000 $24,000 $108,000 $22,000 $93,000
Loan Originated 19 $285,000 $15,000 $82,000 $20,000 $50,000
Application Approved But Not Accepted 6 $214,000 $35,000 $120,000 $32,000 $113,000
File Closed For Incompleteness 3 $70,000 $23,000 $25,000 $13,000 $16,000
Application Withdrawn By Applicant 1 $41,000 $41,000 $41,000 $33,000 $33,000
Loan Purchased By The Institution 1 $25,000 $25,000 $25,000 $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 4 $226,000 $56,000 $83,000 $25,000 $40,000
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

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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