Mayaguez, PR Metro Area Mortgage Lenders & HMDA Data, 2009
In 2009, lenders reported 2,339 mortgage applications in Mayaguez, PR metro area totaling $191.0 million, up 5% from 2008. The average application was for $81,652, and applicants reported an average income of $47,000. 40% of applications resulted in an originated loan and 27% were denied. The most active lender was Westernbak Puerto Rico, with 398 applications, followed by Popular Mortgage, Inc. and Banco Popular De Puerto Rico.
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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 | 2,339 |
| Total Mortgage Loan Application Amount | $190,985,000 |
| Average Mortgage Loan Application Amount | $81,652 |
| Highest Mortgage Loan Application Amount | $3,500,000 |
| Average Applicant Income | $47,000 |
| Highest Applicant Income | $9,999,000 |
* Phone Numbers for Mortgage Lenders are available with a Data Download Report
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Westernbak Puerto Rico PO BOX 1180 MAYAGUEZ, PR 00681 |
* | $ 15,239,790,000 | 398 | $ 21,418,000 |
| Popular Mortgage, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 373 | $ 46,697,000 |
| Banco Popular De Puerto Rico PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,522,000,000 | 346 | $ 4,064,000 |
| R-G Premier Bank of P.R. PO BOX 2510 GUAYNABO, PR 00970 |
* | $ 7,050,076,000 | 272 | $ 20,653,000 |
| Citibank, N.A. 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 1,227,040,000,000 | 166 | $ 10,872,000 |
| Doral Mortgage LLC DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV SAN JUAN, PR 00921 |
* | $ 11,855,073,000 | 129 | $ 13,867,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 5,839,415,000 | 99 | $ 11,701,000 |
| Firstbank Puerto Rico PO BOX 9146 SANTURCE, PR 00908 |
* | $ 18,492,607,000 | 92 | $ 7,355,000 |
| Doral Bank 268 PONCE DE LEON SUITE 910 SAN JUAN, PR 00918 |
* | $ 9,048,489,000 | 74 | $ 7,322,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 1,525,092,000 | 67 | $ 6,377,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 52 | $ 5,277,000 |
| Alianza Hipotecaria P.O. BOX 366201 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 43 | $ 4,086,000 |
| Banco Bilbao Vizcaya Argentari 254 MUNOZ RIVERA AVE SAN JUAN, PR 00918 |
* | $ 6,033,316,000 | 40 | $ 6,714,000 |
| Banco Santander P.O.BOX 362589 SAN JUAN, PR 00936 |
* | $ 7,724,708,000 | 39 | $ 3,543,000 |
| Santander Financial Services P.O. BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 25 | $ 1,640,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ 10,000,000 | 23 | $ 2,704,000 |
| James B. Nutter & Co. 4153 BROADWAY KANSAS CITY, MO 64111 |
* | $ 31,000,000 | 11 | $ 5,163,000 |
| Reliable Financial Services PO BOX 21382, MAC F0302-001 SAN JUAN, PR 00928 |
* | $ 481,996,000 | 7 | $ 1,167,000 |
| First Security Mortgage 97 DE DIEGO AVE. SAN JUAN, PR 00929 |
* | $ 10,000,000 | 7 | $ 1,512,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 1,357,964,000 | 6 | $ 817,000 |
| Eurobank PO BOX 191009 SAN JUAN, PR 00926 |
* | $ 2,859,489,000 | 5 | $ 687,000 |
| Cooperativa De Ahorro Y Credito De Aguada P.O. BOX 543 AGUADA, PR 00602 |
* | $ 10,000,000 | 5 | $ 643,000 |
| Express Solution Mortgage Corp 1606 PONCE DE LEON AVE. SUITE L-06 SAN JUAN, PR 00909 |
* | $ 15,000,000 | 5 | $ 610,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ 10,000,000 | 5 | $ 465,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 5 | $ 591,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ 10,000,000 | 4 | $ 584,000 |
| Pentagon Federal Credit Union 14300 SULLYFIELD CIRCLE CHANTILLY, VA 20151 |
* | $ 12,942,945,000 | 4 | $ 433,000 |
| Finance of America Reverse LLC 8023 EAST 63RD PLACE, SUITE 700 TULSA, OK 74133 |
* | $ 3,125,000 | 3 | $ 194,000 |
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ 10,000,000 | 3 | $ 343,000 |
| Cooperativa Ahorro Y Credito A CARR. #2 KM. 142.8 MARGINAL BO. CARACOL ANASCO, PR 00610 |
* | $ 10,000,000 | 3 | $ 150,000 |
| Beewee Mortgage Bankers Corpor PO BOX 16065 SAN JUAN, PR 00908 |
* | $ 10,000,000 | 3 | $ 748,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ 10,000,000 | 2 | $ 120,000 |
| Mortgage One Group PO BOX 142213 ARECIBO, PR 00614 |
* | $ 10,000,000 | 2 | $ 258,000 |
| First Equity Mortgage Bankers 9300 S DADELAND BLVD SUITE 500 MIAMI, FL 33156 |
* | $ 10,000,000 | 2 | $ 152,000 |
| Aaa Concordia Mortgage Corp RR-37 BOX 1837 SAN JUAN, PR 00926 |
* | $ 10,000,000 | 2 | $ 333,000 |
| Advance Mortgage Bankers, Inc. P.O. BOX 50286 TOA BAJA, PR 00950 |
* | $ 15,555,000 | 2 | $ 246,000 |
| Cooperativa De Ahorro Y Credito De Camuy 300 AVE. BALTAZAR JIMENEZ MENDEZ CAMUY, PR 00627 |
* | $ 10,000,000 | 2 | $ 170,000 |
| San Rafael Coop CALLE RAFAEL RODR+¡GUEZ, CANAL 1 URB. AVI QUEBRADILLAS, PR 00678 |
* | $ 137,000,000 | 1 | $ 72,000 |
| Coop Ahorro Y Credito De Lares AVE.LOS PATRIOTAS C/111 KM 8.3 LARES, PR 00669 |
* | $ 10,000,000 | 1 | $ 50,000 |
| First Technology Federal Credit Union HILLSBORO, OR 97124 |
* | $ 2,170,723,000 | 1 | $ 20,000 |
| Actual Mortgage Bankers PO BOX 2808 BAYAMON, PR 00960 |
* | $ 10,000,000 | 1 | $ 293,000 |
| The Lending Center Corporation G-8 ONEILL STREET SAN JUAN, PR 00918 |
* | $ 525,000 | 1 | $ 61,000 |
| Rd Mortgage Bankers, Inc. SUITE 400 MIRAMAR PLAZA BLD. , #954 PON SAN JUAN, PR 00936 |
* | $ 1,000,000,000 | 1 | $ 137,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 1 | $ 159,000 |
| Cooperativa A/C Cabo Rojo PR 100 KM. 7.0 BO.MIRADERO CABO ROJO, PR 00623 |
* | $ 10,000,000 | 1 | $ 49,000 |
| Coop Ac De La Industria Biopha VILLA CAROLINA, C9 AVE. ROBERTO CLEMENTE CAROLINA, PR 00985 |
* | $ 10,000,000 | 1 | $ 123,000 |
| Jr Mortgage Home 2979 EMILIO FAGOT AVE. SUITE 1 PONCE, PR 00716 |
* | $ 1,395,899,000 | 1 | $ 75,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ 10,000,000 | 1 | $ 80,000 |
| First Mortgage Capital P.O BOX 550 BAYAMON, PR 00960 |
* | $ 10,000,000 | 1 | $ 68,000 |
| World Mortgage Bankers 1108 AVE. ROOSEVELT SAN JUAN, PR 00920 |
* | $ 10,000,000 | 1 | $ 122,000 |
The tables below break down 2009 mortgage applications in Mayaguez, PR metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Mayaguez, PR in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 894 | $106,229,000 | $118,000 | $3,500,000 | $62,000 | $9,999,000 |
| Home Improvement | 747 | $16,542,000 | $22,000 | $371,000 | $30,000 | $401,000 |
| Home Purchase | 698 | $68,214,000 | $97,000 | $810,000 | $48,000 | $558,000 |
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 | 1,987 | $159,645,000 | $80,000 | $850,000 | $44,000 | $820,000 |
| Not applicable | 314 | $27,639,000 | $88,000 | $3,500,000 | $69,000 | $9,999,000 |
| Not Provided | 19 | $1,342,000 | $70,000 | $239,000 | $23,000 | $101,000 |
| White | 15 | $1,819,000 | $121,000 | $417,000 | $115,000 | $928,000 |
| Asian | 2 | $528,000 | $264,000 | $360,000 | $126,000 | $127,000 |
| Black or African American | 2 | $12,000 | $6,000 | $6,000 | $31,000 | $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 |
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) | 1,851 | $128,779,000 | $69,000 | $3,500,000 | $50,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 433 | $55,356,000 | $127,000 | $810,000 | $39,000 | $254,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 29 | $2,986,000 | $102,000 | $255,000 | $36,000 | $209,000 |
| VA-guaranteed (Veterans Administration) | 26 | $3,864,000 | $148,000 | $262,000 | $40,000 | $108,000 |
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 | 947 | $87,176,000 | $92,000 | $3,500,000 | $48,000 | $712,000 |
| Application Denied By Financial Institution | 640 | $35,364,000 | $55,000 | $850,000 | $33,000 | $928,000 |
| Loan Purchased By The Institution | 340 | $26,714,000 | $78,000 | $489,000 | $68,000 | $9,999,000 |
| Application Withdrawn By Applicant | 229 | $26,168,000 | $114,000 | $450,000 | $49,000 | $577,000 |
| Application Approved But Not Accepted | 98 | $7,622,000 | $77,000 | $417,000 | $51,000 | $394,000 |
| File Closed For Incompleteness | 85 | $7,941,000 | $93,000 | $341,000 | $49,000 | $300,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 124 | $7,887,000 | $63,000 | $850,000 | $42,000 | $928,000 |
| Debt-To-Income Ratio | 65 | $2,758,000 | $42,000 | $226,000 | $23,000 | $67,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 41 | $784,000 | $19,000 | $121,000 | $15,000 | $47,000 |
| Other | 32 | $2,152,000 | $67,000 | $320,000 | $38,000 | $180,000 |
| Collateral | 17 | $1,586,000 | $93,000 | $316,000 | $52,000 | $194,000 |
| Employment History | 9 | $454,000 | $50,000 | $149,000 | $28,000 | $78,000 |
| Unverifiable Information | 5 | $160,000 | $32,000 | $137,000 | $23,000 | $38,000 |
| Credit Application Incomplete | 3 | $311,000 | $103,000 | $240,000 | $42,000 | $86,000 |
| Mortgage Insurance Denied | 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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