Morovis Municipio, PR Mortgage Lenders & HMDA Data, 2023

In 2023, lenders reported 127 mortgage applications in Morovis Municipio, PR totaling $14.4 million, down 43% from 2022. The average application was for $113,000, and applicants reported an average income of $52,000. 45% of applications resulted in an originated loan and 13% were denied. The most active lender was Banco Popular, with 34 applications, followed by Firstbank and The Moneyhouse 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 127
Total Mortgage Loan Application Amount $14,395,000
Average Mortgage Loan Application Amount $113,000
Highest Mortgage Loan Application Amount $435,000
Average Applicant Income $52,000
Highest Applicant Income $435,000

Mortgage Company List for Lending in Morovis Municipio, PR for 2023

* 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
* $ 56,050,000,000 34 $ 3,600,000
Firstbank
PO BOX 9146
SAN JUAN, PR 00908
* $ 18,626,645,000 12 $ 1,340,000
The Moneyhouse Inc.
#52 CALLE PASEO COVANDONGA
SAN JUAN, PR 00901
* $ -1,000 12 $ 1,460,000
Oriental Bank
PO BOX 195115
SAN JUAN, PR 00919
* $ 9,709,667,000 9 $ 615,000
First Equity Mortgage Bankers Inc.
9300 S DADELAND BLVD STE 500
MIAMI, FL 33156
* $ -1,000 7 $ 785,000
Preferred Mortgage LLC
307 AVE FD ROOSEVELT
SAN JUAN, PR 00918
* $ -1,000 6 $ 550,000
Actual Mortgage Bankers
PO BOX 2808
BAYAMON, PR 00960
* $ -1,000 5 $ 375,000
Hr Mortgage Corp
M11 CALLE ROBLE, VILLA TURABO
CAGUAS, PR 00725
* $ -1,000 5 $ 465,000
Coop. De A/C La Puertorrique+¦A
AVE. ANA G. MÉNDEZ, 9729 PR-176 KM 1.1
SAN JUAN, PR 00921
* $ -1,000 4 $ 490,000
Metro Island Mortgage
VILLA NEVAREZ PROF. CENTER SUITE 201
RIO PIEDRAS, PR 00927
* $ -1,000 4 $ 350,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ -1,000 3 $ 365,000
Vegacoop
APARTADO 1078
VEGA ALTA, PR 00692
* $ -1,000 3 $ 515,000
Trust Mortgage Corp.
EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS
SAN JUAN, PR 00923
* $ -1,000 3 $ 375,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ 35,526,360,000 2 $ 290,000
Cooperativa De Ac Manati
PO BOX 30562
MANATI, PR 00674
* $ -1,000 2 $ 250,000
Rf Mortgage & Investment Corp
PO BOX 361309
SAN JUAN, PR 00936
* $ -1,000 2 $ 170,000
Capital Mortgage
206 ELEANOR ROOSEVELT
SAN JUAN, PR 00918
* $ -1,000 2 $ 280,000
Multiples Mortgage Corp.
761 AVE. LUIS MUNOZ RIVERA,
SAN JUAN, PR 00918
* $ -1,000 2 $ 130,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ -1,000 1 $ 435,000
Cooperativa La Sagrada Familia
CALLE BOU 38
COROZAL, PR 00783
* $ -1,000 1 $ 165,000
Cooperativa De A/C Isabela
21 CALLE BARBOSA SUITE 1
ISABELA, PR 00662
* $ -1,000 1 $ 125,000
Home Mortgage Bankers
AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F
CAROLINA, PR 00983
* $ -1,000 1 $ 105,000
Senior Mortgage Banker
1239 ROOSEVELT AVE
SAN JUAN, PR 00920
* $ -1,000 1 $ 75,000
Calcon Mutual Mortgage LLC
3131 CAMINO DEL RIO N SUITE 1680
SAN DIEGO, CA 92108
* $ -1,000 1 $ 325,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ -1,000 1 $ 345,000
Cooperativa De Ahorro Y Credito Del Bo. Quebrada De Camuy
HC 02 BOX 7873
CAMUY, PR 00627
* $ -1,000 1 $ 215,000
Coopaca Mortgage
PO BOX 1056
ARECIBO, PR 00613
* $ -1,000 1 $ 125,000
Vig Mortgage
1225 PONCE DE LEON VIG TOWER SUITE B-J
SAN JUAN, PR 00907
* $ -1,000 1 $ 75,000

The tables below break down 2023 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 2023

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 101 $10,885,000 $107,000 $295,000 $42,000 $120,000
Cash-out Refinancing 12 $2,110,000 $175,000 $435,000 $122,000 $435,000
Not Applicable 6 $270,000 $45,000 $85,000 $0 $0
Other Purpose 4 $680,000 $170,000 $345,000 $48,000 $86,000
Refinancing 4 $450,000 $112,000 $125,000 $42,000 $55,000
Home Improvement 0 $0 $0 $0 $0 $0

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 91 $10,355,000 $113,000 $435,000 $45,000 $232,000
Not applicable 30 $2,960,000 $98,000 $195,000 $0 $0
White 4 $740,000 $185,000 $325,000 $187,000 $435,000
Black or African American 2 $340,000 $170,000 $215,000 $115,000 $162,000
Not Provided 0 $0 $0 $0 $0 $0
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
FHA-insured (Federal Housing Administration) 63 $6,725,000 $106,000 $435,000 $45,000 $232,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 36 $4,080,000 $113,000 $295,000 $44,000 $78,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 25 $3,175,000 $127,000 $325,000 $71,000 $435,000
VA-guaranteed (Veterans Administration) 3 $415,000 $138,000 $155,000 $81,000 $118,000

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 57 $6,645,000 $116,000 $295,000 $45,000 $162,000
Loan Purchased By The Institution 30 $2,960,000 $98,000 $195,000 $0 $0
Application Denied By Financial Institution 17 $2,015,000 $118,000 $435,000 $58,000 $232,000
Application Withdrawn By Applicant 17 $2,215,000 $130,000 $345,000 $70,000 $435,000
File Closed For Incompleteness 4 $310,000 $77,000 $135,000 $50,000 $79,000
Application Approved But Not Accepted 2 $250,000 $125,000 $165,000 $40,000 $45,000
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 109 $12,165,000 $111,000 $345,000 $51,000 $435,000
Collateral 11 $1,085,000 $98,000 $245,000 $40,000 $81,000
Debt-To-Income Ratio 4 $900,000 $225,000 $435,000 $119,000 $232,000
Other 1 $95,000 $95,000 $95,000 $61,000 $61,000
Unverifiable Information 1 $105,000 $105,000 $105,000 $47,000 $47,000
Credit History 1 $45,000 $45,000 $45,000 $38,000 $38,000
Credit Application Incomplete 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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