Naguabo Municipio, PR Mortgage Lenders & HMDA Data, 2008

In 2008, lenders reported 813 mortgage applications in Naguabo Municipio, PR totaling $63.1 million, down 18% from 2007. The average application was for $77,000, and applicants reported an average income of $36,000. 37% of applications resulted in an originated loan and 31% were denied. The most active lender was Popular Mortgage, Inc., with 154 applications, followed by Banco Popular De Puerto Rico and Doral Mortgage LLC.

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Total Number of Mortgage Applications 813
Total Mortgage Loan Application Amount $63,063,000
Average Mortgage Loan Application Amount $77,000
Highest Mortgage Loan Application Amount $772,000
Average Applicant Income $36,000
Highest Applicant Income $978,000
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Top Mortgage Lenders in Naguabo Municipio, PR (2008)

Ranked by the number of mortgage applications each lender reported in Naguabo Municipio, PR in 2008.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Popular Mortgage, Inc.
San Juan, PR
154 $15,134,000 $98,000 $27,000
2 Banco Popular De Puerto Rico
San Juan, PR
137 $1,544,000 $11,000 $29,000
3 Doral Mortgage LLC
San Juan, PR
64 $6,520,000 $101,000 $46,000
4 R & G Mortgage Corporation
San Juan, PR
59 $5,384,000 $91,000 $36,000
5 R-G Premier Bank of P.R.
Guaynabo, PR
47 $3,805,000 $80,000 $41,000
6 Oriental Bank
San Juan, PR
46 $3,966,000 $86,000 $32,000
7 Doral Bank
San Juan, PR
46 $2,540,000 $55,000 $38,000
8 Westernbak Puerto Rico
Mayaguez, PR
31 $441,000 $14,000 $21,000
9 Citifinancial
Baltimore, MD
27 $1,390,000 $51,000 $25,000
10 Scotiabank De Puerto Rico
San Juan, PR
25 $2,653,000 $106,000 $41,000

See every lender active in Naguabo Municipio, PR in 2008 »

The tables below break down 2008 mortgage applications in Naguabo 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 Naguabo Municipio, PR in 2008

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 431 $45,559,000 $105,000 $772,000 $39,000 $978,000
Home Improvement 253 $4,731,000 $18,000 $112,000 $27,000 $236,000
Refinancing 129 $12,773,000 $99,000 $360,000 $40,000 $154,000

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 722 $54,322,000 $75,000 $772,000 $37,000 $978,000
Not applicable 79 $8,690,000 $110,000 $241,000 $24,000 $212,000
Not Provided 10 $40,000 $4,000 $11,000 $15,000 $30,000
White 2 $11,000 $5,000 $10,000 $15,000 $16,000
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) 537 $33,920,000 $63,000 $772,000 $39,000 $978,000
FHA-insured (Federal Housing Administration) 159 $16,166,000 $101,000 $233,000 $30,000 $113,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 112 $12,079,000 $107,000 $276,000 $27,000 $96,000
VA-guaranteed (Veterans Administration) 5 $898,000 $179,000 $242,000 $49,000 $70,000

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 299 $23,068,000 $77,000 $374,000 $37,000 $219,000
Application Denied By Financial Institution 251 $15,928,000 $63,000 $772,000 $35,000 $978,000
Application Withdrawn By Applicant 93 $7,563,000 $81,000 $244,000 $35,000 $154,000
Loan Purchased By The Institution 88 $9,543,000 $108,000 $241,000 $26,000 $212,000
File Closed For Incompleteness 42 $3,876,000 $92,000 $160,000 $42,000 $134,000
Application Approved But Not Accepted 40 $3,085,000 $77,000 $340,000 $39,000 $84,000
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 27 $2,564,000 $94,000 $242,000 $42,000 $116,000
Debt-To-Income Ratio 21 $1,557,000 $74,000 $161,000 $29,000 $56,000
Collateral 8 $779,000 $97,000 $168,000 $50,000 $143,000
Credit Application Incomplete 6 $307,000 $51,000 $160,000 $26,000 $70,000
Insufficient Cash (Downpayment, Closing Cost) 6 $623,000 $103,000 $160,000 $36,000 $74,000
Other 5 $992,000 $198,000 $772,000 $212,000 $978,000
Unverifiable Information 3 $168,000 $56,000 $73,000 $21,000 $30,000
Employment History 2 $458,000 $229,000 $373,000 $90,000 $125,000
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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