Mayaguez Municipio, PR Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 297 mortgage applications in Mayaguez Municipio, PR totaling $38.7 million, down 4% from 2023. The average application was for $130,000, and applicants reported an average income of $74,000. 60% of applications resulted in an originated loan and 21% were denied. The most active lender was Banco Popular, with 89 applications, followed by The Moneyhouse Inc. 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 | 297 |
| Total Mortgage Loan Application Amount | $38,655,000 |
| Average Mortgage Loan Application Amount | $130,000 |
| Highest Mortgage Loan Application Amount | $505,000 |
| Average Applicant Income | $74,000 |
| Highest Applicant Income | $708,000 |
| 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 |
* | $ n/a | 89 | $ 13,995,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ n/a | 48 | $ 5,300,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ n/a | 40 | $ 4,240,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ n/a | 35 | $ 4,275,000 |
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ n/a | 15 | $ 1,345,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ n/a | 7 | $ 965,000 |
| Cooperativa A/C Cabo Rojo PR 100 KM. 7.0 BO.MIRADERO CABO ROJO, PR 00623 |
* | $ n/a | 7 | $ 375,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ n/a | 5 | $ 765,000 |
| Pentagon Federal Credit Union OMAHA, NE 68164 |
* | $ n/a | 5 | $ 1,085,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ n/a | 4 | $ 220,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ n/a | 4 | $ 480,000 |
| Capital Mortgage 206 ELEANOR ROOSEVELT SAN JUAN, PR 00918 |
* | $ n/a | 4 | $ 710,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ n/a | 3 | $ 315,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ n/a | 3 | $ 415,000 |
| Caribe Federal Credit Union 195 ONEIL ST SAN JUAN, PR 00918 |
* | $ n/a | 3 | $ 615,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ n/a | 2 | $ 170,000 |
| Cooperativa De A/C Isabela 21 CALLE BARBOSA SUITE 1 ISABELA, PR 00662 |
* | $ n/a | 2 | $ 70,000 |
| Trust Mortgage Corp. EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS SAN JUAN, PR 00923 |
* | $ n/a | 2 | $ 530,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ n/a | 2 | $ 460,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ n/a | 2 | $ 150,000 |
| Actual Mortgage Bankers PO BOX 2808 BAYAMON, PR 00960 |
* | $ n/a | 2 | $ 240,000 |
| Cooperativa De A\C Oriental PO BOX 876 HUMACAO, PR 00791 |
* | $ n/a | 1 | $ 115,000 |
| Equity Prime Mortgage LLC 5 CONCOURSE PKWY, STE 2250 ATLANTA, GA 30328 |
* | $ n/a | 1 | $ 195,000 |
| Bokf NA ONE WEST 3RD, 5TH FL TULSA, OK 74172 |
* | $ n/a | 1 | $ 415,000 |
| Planet Home Lending, LLC 321 RESEARCH PARKWAY SUITE 303 MERIDEN, CT 06450 |
* | $ n/a | 1 | $ 105,000 |
| Coopaca Mortgage PO BOX 1056 ARECIBO, PR 00613 |
* | $ n/a | 1 | $ 45,000 |
| Cooperativa De A/C Camuy AVE. BALTAZAR JIMÉNEZ MÉNDEZ #300 CAMUY, PR 00627 |
* | $ n/a | 1 | $ 55,000 |
| Cooperativa De Ac Las Piedras APARTADO 414 LAS PIEDRAS, PR 00771 |
* | $ n/a | 1 | $ 175,000 |
| Cooperativa De Ac Hatillo PO BOX 95 HATILLO, PR 00659 |
* | $ n/a | 1 | $ 295,000 |
| Senior Mortgage Banker 1239 ROOSEVELT AVE SAN JUAN, PR 00920 |
* | $ n/a | 1 | $ 125,000 |
| Coop. De A/C La Puertorrique+¦A AVE. ANA G. MÉNDEZ, 9729 PR-176 KM 1.1 SAN JUAN, PR 00921 |
* | $ n/a | 1 | $ 85,000 |
| Multiples Mortgage Corp. 761 AVE. LUIS MUNOZ RIVERA, SAN JUAN, PR 00918 |
* | $ n/a | 1 | $ 225,000 |
| Cooperativa De Ac San Jose CALLE DEGETAU 106 SUR AIBONITO, PR 00705 |
* | $ n/a | 1 | $ 65,000 |
| San Rafael Coop CALLE RAFAEL RODR+¡GUEZ, CANAL 1 URB. AVI QUEBRADILLAS, PR 00678 |
* | $ n/a | 1 | $ 35,000 |
The tables below break down 2024 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 2024
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 | 252 | $33,940,000 | $134,000 | $505,000 | $70,000 | $384,000 |
| Cash-out Refinancing | 23 | $2,315,000 | $100,000 | $225,000 | $70,000 | $159,000 |
| Not Applicable | 10 | $550,000 | $55,000 | $105,000 | $0 | $0 |
| Other Purpose | 6 | $1,190,000 | $198,000 | $355,000 | $216,000 | $708,000 |
| Refinancing | 3 | $265,000 | $88,000 | $95,000 | $102,000 | $134,000 |
| Home Improvement | 3 | $395,000 | $131,000 | $185,000 | $115,000 | $129,000 |
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 | 265 | $33,955,000 | $128,000 | $485,000 | $71,000 | $708,000 |
| Not applicable | 18 | $2,010,000 | $111,000 | $355,000 | $0 | $0 |
| White | 6 | $870,000 | $145,000 | $215,000 | $72,000 | $100,000 |
| Not Provided | 4 | $810,000 | $202,000 | $415,000 | $99,000 | $211,000 |
| Black or African American | 3 | $765,000 | $255,000 | $505,000 | $170,000 | $232,000 |
| Asian | 1 | $245,000 | $245,000 | $245,000 | $384,000 | $384,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 147 | $20,835,000 | $141,000 | $505,000 | $68,000 | $708,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 124 | $12,570,000 | $101,000 | $415,000 | $79,000 | $346,000 |
| VA-guaranteed (Veterans Administration) | 21 | $4,565,000 | $217,000 | $395,000 | $83,000 | $183,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $685,000 | $137,000 | $225,000 | $53,000 | $91,000 |
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 | 178 | $23,470,000 | $131,000 | $485,000 | $76,000 | $384,000 |
| Application Denied By Financial Institution | 62 | $8,800,000 | $141,000 | $505,000 | $62,000 | $292,000 |
| Application Withdrawn By Applicant | 25 | $2,965,000 | $118,000 | $355,000 | $89,000 | $708,000 |
| Loan Purchased By The Institution | 18 | $2,010,000 | $111,000 | $355,000 | $0 | $0 |
| File Closed For Incompleteness | 9 | $965,000 | $107,000 | $205,000 | $57,000 | $134,000 |
| Application Approved But Not Accepted | 5 | $445,000 | $89,000 | $105,000 | $70,000 | $159,000 |
| 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 | 235 | $29,855,000 | $127,000 | $485,000 | $77,000 | $708,000 |
| Collateral | 38 | $5,930,000 | $156,000 | $455,000 | $69,000 | $292,000 |
| Credit History | 7 | $975,000 | $139,000 | $505,000 | $58,000 | $232,000 |
| Debt-To-Income Ratio | 5 | $505,000 | $101,000 | $175,000 | $41,000 | $97,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $440,000 | $110,000 | $215,000 | $64,000 | $101,000 |
| Unverifiable Information | 3 | $285,000 | $95,000 | $135,000 | $32,000 | $45,000 |
| Other | 2 | $210,000 | $105,000 | $155,000 | $60,000 | $76,000 |
| Employment History | 2 | $140,000 | $70,000 | $75,000 | $47,000 | $59,000 |
| Mortgage Insurance Denied | 1 | $315,000 | $315,000 | $315,000 | $80,000 | $80,000 |
| 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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