Mayaguez Municipio, PR Mortgage Lenders & HMDA Data, 2015

In 2015, lenders reported 913 mortgage applications in Mayaguez Municipio, PR totaling $67.3 million, down 8% from 2014. The average application was for $73,000, and applicants reported an average income of $46,000. 48% of applications resulted in an originated loan and 31% were denied. The most active lender was Banco Popular, with 397 applications, followed by Oriental Bank and Banco Santander 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 913
Total Mortgage Loan Application Amount $67,272,000
Average Mortgage Loan Application Amount $73,000
Highest Mortgage Loan Application Amount $585,000
Average Applicant Income $46,000
Highest Applicant Income $674,000

Mortgage Company List for Lending in Mayaguez Municipio, PR for 2015

* 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
Banco Popular
PO BOX 362708
SAN JUAN, PR 00936
* $ 27,091,000,000 397 $ 25,172,000
Oriental Bank
PO BOX 195115
SAN JUAN, PR 00919
* $ 7,408,665,000 166 $ 8,849,000
Banco Santander Puerto Rico
P O BOX 362589,
SAN JUAN, PR 00936
* $ 5,538,290,000 85 $ 8,316,000
Scotiabank De Puerto Rico
290 JESUS T. PIN++ERO
SAN JUAN, PR 00918
* $ 4,823,553,000 84 $ 6,783,000
Firstbank
PO BOX 9146
SAN JUAN, PR 00908
* $ 12,711,348,000 72 $ 7,366,000
Santander Financial Services
207 AVE PONCE DE LEON
SAN JUAN, PR 00926
* $ 8,082,156,000 15 $ 501,000
Baxter Credit Union
340 N MILWAUKEE AVE
340 N MILWAUKEE AVE, IL 60061
* $ 2,107,751,000 11 $ 1,922,000
Cooperativa De Ahorroy Credito
PO BOX 608
RINCON, PR 00677
* $ 10,000,000 9 $ 1,088,000
Cooperativa A/C Cabo Rojo
PR 100 KM. 7.0 BO.MIRADERO
CABO ROJO, PR 00623
* $ 10,000,000 9 $ 670,000
Vig Mortgage
1225 PONCE DE LEON VIG TOWER SUITE B-J
SAN JUAN, PR 00907
* $ 789,772,000 9 $ 674,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ 10,000,000 7 $ 809,000
Cooperativa De Mayaguez
PO BOX 416
MAYAGUEZ, PR 00680
* $ 49,000,000 5 $ 504,000
Multiples Mortgage Corp.
761 AVE. LUIS MUNOZ RIVERA,
SAN JUAN, PR 00918
* $ 10,000,000 5 $ 544,000
Emi Equity Mortgage, Inc.
1651 PONCE DE LEON AVE, SUITE 102
SAN JUAN, PR 00909
* $ 10,000,000 4 $ 461,000
Express Solution Mortgage Corp
1606 PONCE DE LEON AVE. SUITE L-06
SAN JUAN, PR 00909
* $ 15,000,000 4 $ 416,000
Capital Mortgage
206 ELEANOR ROOSEVELT
SAN JUAN, PR 00918
* $ 1,229,168,000 4 $ 582,000
Aeela Mortgage
PO BOX 71502
SAN JUAN, PR 00936
* $ 1,000,000,000 4 $ 607,000
The Moneyhouse Inc.
#52 CALLE PASEO COVANDONGA
SAN JUAN, PR 00901
* $ 10,000,000 4 $ 407,000
Aaa Concordia Mortgage Corp
RR-37 BOX 1837
SAN JUAN, PR 00926
* $ 10,000,000 2 $ 224,000
Rf Mortgage & Investment Corp
PO BOX 361309
SAN JUAN, PR 00936
* $ 10,000,000 2 $ 296,000
Cooperativa De Ahorro Y Credito De Aguada
P.O. BOX 543
AGUADA, PR 00602
* $ 10,000,000 2 $ 152,000
Preferred Mortgage LLC
307 AVE FD ROOSEVELT
SAN JUAN, PR 00918
* $ 10,000,000 2 $ 131,000
Senior Mortgage Banker
1239 ROOSEVELT AVE
SAN JUAN, PR 00920
* $ 0 2 $ 212,000
First Technology Federal Credit Union

HILLSBORO, OR 97124
* $ 7,342,466,000 1 $ 8,000
Home Mortgage Bankers
AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F
CAROLINA, PR 00983
* $ 10,000,000 1 $ 147,000
Latin American Financlal
1700 JESUS T. PINERO AVE 2ND FL STE 26
SAN JUAN, PR 00921
* $ 10,000,000 1 $ 52,000
Actual Mortgage Bankers
PO BOX 2808
BAYAMON, PR 00960
* $ 10,000,000 1 $ 63,000
San Rafael Coop
CALLE RAFAEL RODR+¡GUEZ, CANAL 1 URB. AVI
QUEBRADILLAS, PR 00678
* $ 137,000,000 1 $ 42,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 63,635,411,000 1 $ 10,000
Finance of America Reverse LLC
8023 EAST 63RD PLACE, SUITE 700
TULSA, OK 74133
* $ 3,125,000 1 $ 138,000
Puerto Rico Federal Credit Uni
RESOLUCION 55 ESQ. AVE ROOSEVELT
SAN JUAN, PR 00922
* $ 128,214,000 1 $ 60,000
Cooperativa De A/C Arecibo
PO BOX 1056
ARECIBO, PR 00613
* $ 10,000,000 1 $ 66,000

The tables below break down 2015 mortgage applications in Mayaguez 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 Mayaguez Municipio, PR in 2015

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 337 $4,788,000 $14,000 $233,000 $28,000 $448,000
Refinancing 300 $33,647,000 $112,000 $585,000 $50,000 $674,000
Home Purchase 276 $28,837,000 $104,000 $540,000 $63,000 $413,000

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 879 $63,607,000 $72,000 $553,000 $46,000 $674,000
Not applicable 15 $2,160,000 $144,000 $585,000 $35,000 $223,000
Not Provided 9 $366,000 $40,000 $179,000 $31,000 $91,000
White 7 $901,000 $128,000 $223,000 $107,000 $188,000
Black or African American 2 $47,000 $23,000 $42,000 $15,000 $16,000
Asian 1 $191,000 $191,000 $191,000 $103,000 $103,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 689 $45,101,000 $65,000 $585,000 $52,000 $674,000
FHA-insured (Federal Housing Administration) 178 $16,618,000 $93,000 $275,000 $25,000 $126,000
VA-guaranteed (Veterans Administration) 34 $4,341,000 $127,000 $234,000 $34,000 $95,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 12 $1,212,000 $101,000 $208,000 $26,000 $55,000

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 439 $33,027,000 $75,000 $585,000 $44,000 $674,000
Application Denied By Financial Institution 283 $14,825,000 $52,000 $540,000 $34,000 $323,000
Application Withdrawn By Applicant 102 $11,503,000 $112,000 $417,000 $71,000 $377,000
Application Approved But Not Accepted 37 $2,177,000 $58,000 $540,000 $54,000 $193,000
File Closed For Incompleteness 36 $3,955,000 $109,000 $417,000 $89,000 $523,000
Loan Purchased By The Institution 16 $1,785,000 $111,000 $234,000 $24,000 $111,000
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 31 $2,249,000 $72,000 $130,000 $38,000 $195,000
Collateral 10 $877,000 $87,000 $221,000 $49,000 $114,000
Debt-To-Income Ratio 9 $1,226,000 $136,000 $285,000 $41,000 $125,000
Other 8 $870,000 $108,000 $213,000 $102,000 $300,000
Employment History 4 $987,000 $246,000 $540,000 $50,000 $76,000
Insufficient Cash (Downpayment, Closing Cost) 1 $94,000 $94,000 $94,000 $26,000 $26,000
Unverifiable Information 1 $42,000 $42,000 $42,000 $24,000 $24,000
Credit Application Incomplete 1 $90,000 $90,000 $90,000 $0 $0
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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