In 2007, lenders reported 1,073 mortgage applications in Morovis Municipio, PR totaling $70.7 million, down 12% from 2006. The average application was for $65,000, and applicants reported an average income of $35,000. 38% of applications resulted in an originated loan and 31% were denied. The most active lender was Banco Popular De Puerto Rico, with 195 applications, followed by R & G Mortgage Corporation and Popular Mortgage, Inc..
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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 | 1,073 |
| Total Mortgage Loan Application Amount | $70,742,000 |
| Average Mortgage Loan Application Amount | $65,000 |
| Highest Mortgage Loan Application Amount | $592,000 |
| Average Applicant Income | $35,000 |
| Highest Applicant Income | $360,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Banco Popular De Puerto Rico PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,020,000,000 | 195 | $ 2,229,000 |
| R & G Mortgage Corporation P O BOX 362394 SAN JUAN, PR 00936 |
* | $ 12,405,129,000 | 134 | $ 11,871,000 |
| Popular Mortgage, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 133 | $ 14,851,000 |
| Westernbak Puerto Rico PO BOX 1180 MAYAGUEZ, PR 00681 |
* | $ 17,080,020,000 | 73 | $ 778,000 |
| Doral Mortgage LLC DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV SAN JUAN, PR 00921 |
* | $ 11,855,073,000 | 73 | $ 6,577,000 |
| Citimortgage, Inc 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 1,019,497,000,000 | 58 | $ 4,289,000 |
| R-G Premier Bank of P.R. PO BOX 2510 GUAYNABO, PR 00970 |
* | $ 8,062,197,000 | 51 | $ 3,809,000 |
| Citibank, N.A. 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 1,019,497,000,000 | 44 | $ 446,000 |
| Doral Bank 268 PONCE DE LEON SUITE 910 SAN JUAN, PR 00918 |
* | $ 9,220,610,000 | 44 | $ 2,143,000 |
| Citifinancial 300 ST. PAUL PLACE BALTIMORE, MD 21202 |
* | $ 1,745,248,000,000 | 37 | $ 1,749,000 |
| Firstbank Puerto Rico PO BOX 9146 SANTURCE, PR 00908 |
* | $ 16,488,291,000 | 28 | $ 3,156,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 28 | $ 2,724,000 |
| Banco Santander P.O.BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,231,368,000 | 25 | $ 1,174,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 1,544,228,000 | 20 | $ 1,521,000 |
| Santander Mortgage Corporation PO BOX 192199 SAN JUAN, PR 00919 |
* | $ 47,000,000 | 17 | $ 2,080,000 |
| Banco Bilbao Vizcaya Argentari 254 MUNOZ RIVERA AVE SAN JUAN, PR 00918 |
* | $ 6,331,376,000 | 11 | $ 1,891,000 |
| Santander Financial Services P.O. BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 9 | $ 527,000 |
| Cooperativa A/C Morovena PO BOX 577 MOROVIS, PR 00687 |
* | $ 80,807,158,000 | 9 | $ 566,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 4,298,305,000 | 8 | $ 565,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 8 | $ 911,000 |
| The Mortgage House Inc. 915 ROBERTO SANCHEZ VILELA AVE SAN JUAN, PR 00924 |
* | $ 10,000,000 | 7 | $ 864,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 7 | $ 689,000 |
| Cmfc, Inc. 850 THIRD AVENUE, 12TH FLOOR NEW YORK, NY 10022 |
* | $ 279,830,959,000 | 7 | $ 637,000 |
| Aeela Mortgage PO BOX 71502 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 5 | $ 435,000 |
| First Mortgage Capital P.O BOX 550 BAYAMON, PR 00960 |
* | $ 10,000,000 | 5 | $ 493,000 |
| Mortgage One Group PO BOX 142213 ARECIBO, PR 00614 |
* | $ 10,000,000 | 5 | $ 388,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ 10,000,000 | 4 | $ 1,180,000 |
| Reliable Financial Services PO BOX 21382, MAC F0302-001 SAN JUAN, PR 00928 |
* | $ 481,996,000 | 4 | $ 516,000 |
| Popular Auto PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 3 | $ 10,000 |
| Cooperativa De A/C Arecibo PO BOX 1056 ARECIBO, PR 00613 |
* | $ 10,000,000 | 3 | $ 199,000 |
| Citifinancial Plus 300 ST. PAUL PLACE BALTIMORE, MD 21202 |
* | $ 279,830,959,000 | 3 | $ 224,000 |
| Cooperativa De A/C Isabela 21 CALLE BARBOSA SUITE 1 ISABELA, PR 00662 |
* | $ 10,000,000 | 2 | $ 193,000 |
| World Mortgage Bankers 1108 AVE. ROOSEVELT SAN JUAN, PR 00920 |
* | $ 10,000,000 | 2 | $ 220,000 |
| Popular Finance, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 2 | $ 65,000 |
| First Equity Mortgage Bankers 9300 S DADELAND BLVD SUITE 500 MIAMI, FL 33156 |
* | $ 10,000,000 | 1 | $ 35,000 |
| Aaa Concordia Mortgage Corp. RR-37 BOX 1837 TEL. 758-1188 SAN JUAN, PR 00926 |
* | $ 3,823,000 | 1 | $ 55,000 |
| Cooperativa De Ahorro Y Crn++Dito Dr. Manuel Zeno Gandn++A PO BOX 1865 ARECIBO, PR 00613 |
* | $ 222,466,000 | 1 | $ 93,000 |
| Cooperativa De A\C Oriental PO BOX 876 HUMACAO, PR 00791 |
* | $ 10,000,000 | 1 | $ 93,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ 10,000,000 | 1 | $ 89,000 |
| First Security Mortgage 97 DE DIEGO AVE. SAN JUAN, PR 00929 |
* | $ 10,000,000 | 1 | $ 95,000 |
| Emi Equity Mortgage Inc. 413 BOLIVAR ST SAN JUAN, PR 00912 |
* | $ 17,958,000 | 1 | $ 139,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VFP CAROLINA, PR 00983 |
* | $ 10,000,000 | 1 | $ 101,000 |
| Pentagon Federal Credit Union 14300 SULLYFIELD CIRCLE CHANTILLY, VA 20151 |
* | $ 9,339,663,000 | 1 | $ 72,000 |
The tables below break down 2007 mortgage applications in Morovis Municipio, PR by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
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 | 421 | $7,176,000 | $17,000 | $231,000 | $27,000 | $177,000 |
| Home Purchase | 336 | $36,685,000 | $109,000 | $592,000 | $42,000 | $360,000 |
| Refinancing | 316 | $26,881,000 | $85,000 | $263,000 | $37,000 | $227,000 |
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 | 929 | $60,005,000 | $64,000 | $592,000 | $36,000 | $360,000 |
| Not applicable | 110 | $9,775,000 | $88,000 | $200,000 | $22,000 | $170,000 |
| Not Provided | 26 | $443,000 | $17,000 | $150,000 | $21,000 | $49,000 |
| White | 7 | $372,000 | $53,000 | $95,000 | $35,000 | $71,000 |
| Black or African American | 1 | $147,000 | $147,000 | $147,000 | $57,000 | $57,000 |
| Native Hawaiian 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 |
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) | 929 | $54,736,000 | $58,000 | $592,000 | $35,000 | $360,000 |
| FHA-insured (Federal Housing Administration) | 86 | $9,283,000 | $107,000 | $234,000 | $33,000 | $140,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 52 | $5,898,000 | $113,000 | $200,000 | $24,000 | $53,000 |
| VA-guaranteed (Veterans Administration) | 6 | $825,000 | $137,000 | $195,000 | $38,000 | $57,000 |
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 | 406 | $27,016,000 | $66,000 | $248,000 | $38,000 | $216,000 |
| Application Denied By Financial Institution | 328 | $15,251,000 | $46,000 | $592,000 | $31,000 | $360,000 |
| Loan Purchased By The Institution | 125 | $11,229,000 | $89,000 | $200,000 | $24,000 | $170,000 |
| Application Withdrawn By Applicant | 122 | $10,686,000 | $87,000 | $260,000 | $41,000 | $185,000 |
| File Closed For Incompleteness | 54 | $4,109,000 | $76,000 | $171,000 | $37,000 | $216,000 |
| Application Approved But Not Accepted | 38 | $2,451,000 | $64,000 | $207,000 | $44,000 | $194,000 |
| 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 | 50 | $1,915,000 | $38,000 | $186,000 | $34,000 | $360,000 |
| Debt-To-Income Ratio | 41 | $2,355,000 | $57,000 | $300,000 | $25,000 | $96,000 |
| Other | 11 | $1,320,000 | $120,000 | $592,000 | $33,000 | $88,000 |
| Collateral | 10 | $1,067,000 | $106,000 | $263,000 | $57,000 | $125,000 |
| Credit Application Incomplete | 8 | $325,000 | $40,000 | $79,000 | $21,000 | $28,000 |
| Employment History | 5 | $291,000 | $58,000 | $108,000 | $39,000 | $91,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $32,000 | $10,000 | $15,000 | $22,000 | $34,000 |
| Unverifiable Information | 2 | $15,000 | $7,000 | $10,000 | $18,000 | $19,000 |
| 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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