Mayaguez Municipio, PR Mortgage Lenders & HMDA Data, 2017
In 2017, lenders reported 585 mortgage applications in Mayaguez Municipio, PR totaling $44.2 million, down 28% from 2016. The average application was for $75,000, and applicants reported an average income of $50,000. 45% of applications resulted in an originated loan and 36% were denied. The most active lender was Banco Popular, with 201 applications, followed by Oriental Bank and Scotiabank 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 | 585 |
| Total Mortgage Loan Application Amount | $44,158,000 |
| Average Mortgage Loan Application Amount | $75,000 |
| Highest Mortgage Loan Application Amount | $775,000 |
| Average Applicant Income | $50,000 |
| Highest Applicant Income | $965,000 |
Top Mortgage Lenders in Mayaguez Municipio, PR (2017)
Ranked by the number of mortgage applications each lender reported in Mayaguez Municipio, PR in 2017.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Banco Popular San Juan, PR |
201 | $15,306,000 | $76,000 | $53,000 |
| 2 | Oriental Bank San Juan, PR |
172 | $6,728,000 | $39,000 | $39,000 |
| 3 | Scotiabank De Puerto Rico San Juan, PR |
57 | $5,131,000 | $90,000 | $47,000 |
| 4 | Firstbank San Juan, PR |
51 | $6,130,000 | $120,000 | $70,000 |
| 5 | Banco Santander Puerto Rico San Juan, PR |
20 | $1,893,000 | $94,000 | $65,000 |
| 6 | The Moneyhouse Inc. San Juan, PR |
19 | $2,028,000 | $106,000 | $46,000 |
| 7 | Cooperativa De Ahorroy Credito Rincon, PR |
17 | $1,988,000 | $116,000 | $50,000 |
| 8 | Pentagon Federal Credit Union Omaha, NE |
9 | $1,189,000 | $132,000 | $116,000 |
| 9 | Sun West Mortgage Company, Inc Cerritos, CA |
8 | $906,000 | $113,000 | $52,000 |
| 10 | Baxter Credit Union 340 N Milwaukee Ave, IL |
7 | $933,000 | $133,000 | $72,000 |
The tables below break down 2017 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 2017
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 | 245 | $4,370,000 | $17,000 | $436,000 | $32,000 | $385,000 |
| Home Purchase | 194 | $22,167,000 | $114,000 | $401,000 | $63,000 | $965,000 |
| Refinancing | 146 | $17,621,000 | $120,000 | $775,000 | $65,000 | $866,000 |
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 | 556 | $41,828,000 | $75,000 | $775,000 | $51,000 | $965,000 |
| Not Provided | 10 | $456,000 | $45,000 | $253,000 | $39,000 | $112,000 |
| Not applicable | 9 | $992,000 | $110,000 | $241,000 | $11,000 | $105,000 |
| White | 8 | $854,000 | $106,000 | $241,000 | $83,000 | $208,000 |
| Asian | 1 | $20,000 | $20,000 | $20,000 | $41,000 | $41,000 |
| Black or African American | 1 | $8,000 | $8,000 | $8,000 | $19,000 | $19,000 |
| 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) | 392 | $23,516,000 | $59,000 | $775,000 | $51,000 | $866,000 |
| FHA-insured (Federal Housing Administration) | 166 | $16,878,000 | $101,000 | $249,000 | $48,000 | $965,000 |
| VA-guaranteed (Veterans Administration) | 21 | $3,280,000 | $156,000 | $327,000 | $59,000 | $114,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $484,000 | $80,000 | $100,000 | $34,000 | $71,000 |
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 | 262 | $19,975,000 | $76,000 | $404,000 | $51,000 | $390,000 |
| Application Denied By Financial Institution | 211 | $13,074,000 | $61,000 | $775,000 | $38,000 | $387,000 |
| Application Withdrawn By Applicant | 51 | $5,905,000 | $115,000 | $401,000 | $82,000 | $965,000 |
| Application Approved But Not Accepted | 28 | $1,429,000 | $51,000 | $222,000 | $49,000 | $179,000 |
| File Closed For Incompleteness | 23 | $2,726,000 | $118,000 | $298,000 | $102,000 | $866,000 |
| Loan Purchased By The Institution | 10 | $1,049,000 | $104,000 | $241,000 | $13,000 | $105,000 |
| 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 | 12 | $910,000 | $75,000 | $196,000 | $48,000 | $115,000 |
| Debt-To-Income Ratio | 9 | $1,143,000 | $127,000 | $235,000 | $36,000 | $87,000 |
| Collateral | 9 | $825,000 | $91,000 | $204,000 | $39,000 | $76,000 |
| Other | 4 | $397,000 | $99,000 | $152,000 | $45,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $126,000 | $63,000 | $70,000 | $20,000 | $24,000 |
| Credit Application Incomplete | 1 | $65,000 | $65,000 | $65,000 | $40,000 | $40,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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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