Morovis Municipio, PR Mortgage Lenders & HMDA Data, 2015

In 2015, lenders reported 467 mortgage applications in Morovis Municipio, PR totaling $31.4 million, down 9% from 2014. The average application was for $67,000, and applicants reported an average income of $32,000. 50% of applications resulted in an originated loan and 30% were denied. The most active lender was Banco Popular, with 227 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 467
Total Mortgage Loan Application Amount $31,366,000
Average Mortgage Loan Application Amount $67,000
Highest Mortgage Loan Application Amount $463,000
Average Applicant Income $32,000
Highest Applicant Income $520,000

Mortgage Company List for Lending in Morovis 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
* $ 27,091,000,000 227 $ 11,276,000
Oriental Bank
PO BOX 195115
SAN JUAN, PR 00919
* $ 7,408,665,000 61 $ 2,886,000
Scotiabank De Puerto Rico
290 JESUS T. PIN++ERO
SAN JUAN, PR 00918
* $ 4,823,553,000 48 $ 3,328,000
Firstbank
PO BOX 9146
SAN JUAN, PR 00908
* $ 12,711,348,000 41 $ 4,306,000
Cooperativa De A/C Morovena
PO BOX 577
MOROVIS, PR 00687
* $ 80,807,158,000 11 $ 801,000
Vig Mortgage
1225 PONCE DE LEON VIG TOWER SUITE B-J
SAN JUAN, PR 00907
* $ 789,772,000 10 $ 854,000
Trust Mortgage Corp.
EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS
SAN JUAN, PR 00923
* $ 279,615,000 8 $ 897,000
Latin American Financlal
1700 JESUS T. PINERO AVE 2ND FL STE 26
SAN JUAN, PR 00921
* $ 10,000,000 7 $ 742,000
First Equity Mortgage Bankers Inc.
9300 S DADELAND BLVD STE 500
MIAMI, FL 33156
* $ 10,000,000 6 $ 680,000
Vegacoop
APARTADO 1078
VEGA ALTA, PR 00692
* $ 262,934,000 5 $ 497,000
Metro Island Mortgage
VILLA NEVAREZ PROF. CENTER SUITE 201
RIO PIEDRAS, PR 00927
* $ 10,000,000 5 $ 481,000
Banco Santander Puerto Rico
P O BOX 362589,
SAN JUAN, PR 00936
* $ 5,538,290,000 4 $ 250,000
Actual Mortgage Bankers
PO BOX 2808
BAYAMON, PR 00960
* $ 10,000,000 4 $ 469,000
Preferred Mortgage LLC
307 AVE FD ROOSEVELT
SAN JUAN, PR 00918
* $ 10,000,000 4 $ 560,000
Home Mortgage Bankers
AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F
CAROLINA, PR 00983
* $ 10,000,000 3 $ 463,000
Rf Mortgage & Investment Corp
PO BOX 361309
SAN JUAN, PR 00936
* $ 10,000,000 3 $ 276,000
Santander Financial Services
207 AVE PONCE DE LEON
SAN JUAN, PR 00926
* $ 8,082,156,000 3 $ 227,000
The Moneyhouse Inc.
#52 CALLE PASEO COVANDONGA
SAN JUAN, PR 00901
* $ 10,000,000 3 $ 422,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 63,635,411,000 2 $ 100,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ 10,000,000 2 $ 211,000
Advance Mortgage Bankers, Inc.
P.O. BOX 50286
TOA BAJA, PR 00950
* $ 15,555,000 2 $ 227,000
Multiples Mortgage Corp.
761 AVE. LUIS MUNOZ RIVERA,
SAN JUAN, PR 00918
* $ 10,000,000 2 $ 758,000
The Lending Center Corporation
G-8 ONEILL STREET
SAN JUAN, PR 00918
* $ 525,000 1 $ 68,000
Express Solution Mortgage Corp
1606 PONCE DE LEON AVE. SUITE L-06
SAN JUAN, PR 00909
* $ 15,000,000 1 $ 106,000
Emi Equity Mortgage, Inc.
1651 PONCE DE LEON AVE, SUITE 102
SAN JUAN, PR 00909
* $ 10,000,000 1 $ 128,000
Coop A/C Padre Mac Donald
P O BOX 7022
PONCE, PR 00728
* $ 49,286,000 1 $ 65,000
Cooperativa De Ac San Jose
CALLE DEGETAU 106 SUR
AIBONITO, PR 00705
* $ 95,017,000 1 $ 200,000
Aeela Mortgage
PO BOX 71502
SAN JUAN, PR 00936
* $ 1,000,000,000 1 $ 88,000

The tables below break down 2015 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 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 207 $3,640,000 $17,000 $168,000 $30,000 $520,000
Refinancing 132 $13,749,000 $104,000 $463,000 $35,000 $214,000
Home Purchase 128 $13,977,000 $109,000 $295,000 $31,000 $105,000

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 425 $27,372,000 $64,000 $463,000 $33,000 $214,000
Not applicable 34 $3,616,000 $106,000 $168,000 $10,000 $65,000
Not Provided 5 $142,000 $28,000 $70,000 $17,000 $70,000
White 3 $236,000 $78,000 $141,000 $199,000 $520,000
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) 278 $10,518,000 $37,000 $463,000 $34,000 $520,000
FHA-insured (Federal Housing Administration) 123 $13,286,000 $108,000 $336,000 $28,000 $116,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 52 $5,564,000 $107,000 $192,000 $30,000 $68,000
VA-guaranteed (Veterans Administration) 14 $1,998,000 $142,000 $208,000 $41,000 $123,000

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 235 $15,644,000 $66,000 $232,000 $34,000 $174,000
Application Denied By Financial Institution 139 $6,533,000 $47,000 $463,000 $26,000 $214,000
Loan Purchased By The Institution 36 $3,857,000 $107,000 $168,000 $11,000 $65,000
Application Withdrawn By Applicant 26 $2,663,000 $102,000 $336,000 $43,000 $123,000
File Closed For Incompleteness 17 $2,074,000 $122,000 $295,000 $75,000 $520,000
Application Approved But Not Accepted 14 $595,000 $42,000 $128,000 $33,000 $72,000
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 13 $950,000 $73,000 $142,000 $25,000 $85,000
Collateral 6 $692,000 $115,000 $295,000 $39,000 $104,000
Other 4 $796,000 $199,000 $463,000 $57,000 $214,000
Unverifiable Information 2 $209,000 $104,000 $126,000 $44,000 $52,000
Debt-To-Income Ratio 2 $121,000 $60,000 $70,000 $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
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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