Morovis Municipio, PR Mortgage Lenders & HMDA Data, 2011

In 2011, lenders reported 577 mortgage applications in Morovis Municipio, PR totaling $39.6 million, down 8% from 2010. The average application was for $68,000, and applicants reported an average income of $32,000. 42% of applications resulted in an originated loan and 29% were denied. The most active lender was Banco Popular, with 167 applications, followed by Popular Mortgage, Inc. and Scotiabank De Puerto Rico.

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Total Number of Mortgage Applications 577
Total Mortgage Loan Application Amount $39,640,000
Average Mortgage Loan Application Amount $68,000
Highest Mortgage Loan Application Amount $370,000
Average Applicant Income $32,000
Highest Applicant Income $224,000

Mortgage Company List for Lending in Morovis Municipio, PR for 2011

* 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
* $ 29,371,000,000 167 $ 1,730,000
Popular Mortgage, Inc.
PO BOX 36708
SAN JUAN, PR 00936
* $ 25,691,000,000 116 $ 11,335,000
Scotiabank De Puerto Rico
290 JESUS T. PIN++ERO
SAN JUAN, PR 00918
* $ 6,920,242,000 114 $ 7,865,000
Firstbank
PO BOX 9146
SAN JUAN, PR 00908
* $ 14,100,472,000 22 $ 2,358,000
Doral Mortgage LLC
DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV
SAN JUAN, PR 00921
* $ 11,855,073,000 19 $ 2,328,000
Firstmortgage
PO BOX 9146
SAN JUAN, PR 00908
* $ 9,582,507,000 15 $ 1,390,000
Banco Santander Puerto Rico
P O BOX 362589,
SAN JUAN, PR 00936
* $ 6,987,029,000 12 $ 656,000
The Moneyhouse Inc.
#52 CALLE PASEO COVANDONGA
SAN JUAN, PR 00901
* $ 10,000,000 12 $ 1,119,000
Preferred Mortgage LLC
307 AVE FD ROOSEVELT
SAN JUAN, PR 00918
* $ 10,000,000 10 $ 1,358,000
Banco Bilbao Vizcaya Argentari
254 MU?OZ RIVERA AVE.,
SAN JUAN, PR 00936
* $ 4,908,249,000 9 $ 1,277,000
Oriental Bank
PO BOX 195115
SAN JUAN, PR 00919
* $ 7,168,817,000 9 $ 1,082,000
Finance of America Reverse LLC
8023 EAST 63RD PLACE, SUITE 700
TULSA, OK 74133
* $ 3,125,000 8 $ 715,000
Vig Mortgage
1225 PONCE DE LEON VIG TOWER SUITE B-J
SAN JUAN, PR 00907
* $ 789,772,000 7 $ 677,000
Metro Island Mortgage
VILLA NEVAREZ PROF. CENTER SUITE 201
RIO PIEDRAS, PR 00927
* $ 10,000,000 6 $ 553,000
Vegacoop
APARTADO 1078
VEGA ALTA, PR 00692
* $ 262,934,000 5 $ 409,000
Cooperativa De A/C Morovena
PO BOX 577
MOROVIS, PR 00687
* $ 80,807,158,000 4 $ 350,000
Aaa Concordia Mortgage Corp
RR-37 BOX 1837
SAN JUAN, PR 00926
* $ 10,000,000 4 $ 307,000
Generation Mortgage Company
3565 PIEDMONT ROAD, NE STE. 300
ATLANTA, GA 30305
* $ 73,926,000 3 $ 366,000
Top Mortgage Bankers
PONCE DE LEON AVE. 1913
SANTURCE, PR 00607
* $ 100,000,000 3 $ 348,000
Trust Mortgage Corp.
EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS
SAN JUAN, PR 00923
* $ 279,615,000 3 $ 288,000
Emi Equity Mortgage, Inc.
1651 PONCE DE LEON AVE, SUITE 102
SAN JUAN, PR 00909
* $ 10,000,000 3 $ 272,000
First Security Mortgage, Inc.
97 DE DIEGO AVE. SAN FRANCISCO
SAN JUAN, PR 00929
* $ 10,000,000 3 $ 343,000
Reliable Financial Services
100 N MAIN STREET MAC D4001-063
WINSTON-SALEM, NC 27150
* $ 481,996,000 3 $ 205,000
Hispania Mortgage
AVE. DEGETAU A-14 BONNEVILLE TERRACE
CAGUAS, PR 00725
* $ 947,000 2 $ 164,000
Home Mortgage Bankers
AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F
CAROLINA, PR 00983
* $ 10,000,000 2 $ 261,000
Actual Mortgage Bankers
PO BOX 2808
BAYAMON, PR 00960
* $ 10,000,000 2 $ 374,000
Hr Mortgage Corp
M11 CALLE ROBLE, VILLA TURABO
CAGUAS, PR 00725
* $ 10,000,000 2 $ 197,000
The Lending Center Corporation
G-8 ONEILL STREET
SAN JUAN, PR 00918
* $ 525,000 2 $ 253,000
Cooperativa De A/C Arecibo
PO BOX 1056
ARECIBO, PR 00613
* $ 10,000,000 2 $ 224,000
Cooperativa De A/C De Adjuntas
8 PRIMO DELGADO ST ADJUNTAS,PR 00601
00601, PR 00601
* $ 10,000,000 1 $ 119,000
Rf Mortgage & Investment Corp
PO BOX 361309
SAN JUAN, PR 00936
* $ 10,000,000 1 $ 136,000
Coop Ac De Los Gerenciales De
1200 AVE. PONCE DE LEON
SAN JUAN, PR 00987
* $ 70,473,000 1 $ 107,000
Advance Mortgage Bankers, Inc.
P.O. BOX 50286
TOA BAJA, PR 00950
* $ 15,555,000 1 $ 81,000
First Mortgage Capital
P.O BOX 550
BAYAMON, PR 00960
* $ 10,000,000 1 $ 69,000
Caribe Federal Credit Union
195 ONEIL ST
SAN JUAN, PR 00918
* $ 217,884,000 1 $ 131,000
Rbs Mortgage Corporation
894-D MUNOZ RIVERA AVE SUITE 106
SAN JUAN, PR 00927
* $ 10,000,000 1 $ 130,000
Santander Financial Services
P.O. BOX 71504
SAN JUAN, PR 00936
* $ 8,082,156,000 1 $ 63,000

The tables below break down 2011 mortgage applications in Morovis 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 Morovis Municipio, PR in 2011

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 227 $3,620,000 $15,000 $126,000 $28,000 $224,000
Home Purchase 199 $20,043,000 $100,000 $219,000 $31,000 $147,000
Refinancing 151 $15,977,000 $105,000 $370,000 $39,000 $158,000

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 512 $33,197,000 $64,000 $260,000 $35,000 $224,000
Not applicable 53 $5,301,000 $100,000 $194,000 $6,000 $53,000
Not Provided 6 $217,000 $36,000 $144,000 $21,000 $41,000
White 6 $925,000 $154,000 $370,000 $58,000 $158,000
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
Black or African American 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) 358 $14,652,000 $40,000 $370,000 $31,000 $224,000
FHA-insured (Federal Housing Administration) 148 $15,762,000 $106,000 $219,000 $32,000 $133,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 57 $6,806,000 $119,000 $202,000 $31,000 $139,000
VA-guaranteed (Veterans Administration) 14 $2,420,000 $172,000 $260,000 $57,000 $124,000

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 243 $16,506,000 $67,000 $219,000 $36,000 $147,000
Application Denied By Financial Institution 166 $7,793,000 $46,000 $257,000 $29,000 $139,000
Loan Purchased By The Institution 66 $6,624,000 $100,000 $194,000 $9,000 $111,000
Application Withdrawn By Applicant 65 $5,895,000 $90,000 $260,000 $35,000 $158,000
File Closed For Incompleteness 19 $2,073,000 $109,000 $370,000 $57,000 $146,000
Application Approved But Not Accepted 18 $749,000 $41,000 $159,000 $46,000 $224,000
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 16 $923,000 $57,000 $219,000 $24,000 $75,000
Debt-To-Income Ratio 5 $150,000 $30,000 $63,000 $21,000 $39,000
Collateral 3 $366,000 $122,000 $144,000 $40,000 $64,000
Credit Application Incomplete 2 $158,000 $79,000 $156,000 $55,000 $82,000
Other 2 $138,000 $69,000 $81,000 $33,000 $41,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $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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