Orocovis Municipio, PR Mortgage Lenders & HMDA Data, 2022
In 2022, lenders reported 83 mortgage applications in Orocovis Municipio, PR totaling $9.2 million, up 14% from 2021. The average application was for $110,000, and applicants reported an average income of $43,000. 39% of applications resulted in an originated loan and 20% were denied. The most active lender was Banco Popular, with 25 applications, followed by Oriental Bank and First Equity Mortgage Bankers 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 | 83 |
| Total Mortgage Loan Application Amount | $9,195,000 |
| Average Mortgage Loan Application Amount | $110,000 |
| Highest Mortgage Loan Application Amount | $305,000 |
| Average Applicant Income | $43,000 |
| Highest Applicant Income | $131,000 |
| 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 |
* | $ 64,243,000,000 | 25 | $ 2,795,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 9,805,742,000 | 9 | $ 895,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ -1,000 | 8 | $ 800,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ -1,000 | 7 | $ 635,000 |
| Cooperativa La Sagrada Familia CALLE BOU 38 COROZAL, PR 00783 |
* | $ -1,000 | 5 | $ 635,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ -1,000 | 4 | $ 400,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ -1,000 | 3 | $ 325,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 3 | $ 365,000 |
| Trust Mortgage Corp. EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS SAN JUAN, PR 00923 |
* | $ -1,000 | 3 | $ 365,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ -1,000 | 3 | $ 295,000 |
| Vegacoop APARTADO 1078 VEGA ALTA, PR 00692 |
* | $ -1,000 | 2 | $ 110,000 |
| Cooperativa De Ac Manati PO BOX 30562 MANATI, PR 00674 |
* | $ -1,000 | 2 | $ 200,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ -1,000 | 2 | $ 330,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 20,778,081,000 | 2 | $ 390,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ -1,000 | 1 | $ 95,000 |
| Pentagon Federal Credit Union OMAHA, NE 68164 |
* | $ 32,520,025,000 | 1 | $ 305,000 |
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ -1,000 | 1 | $ 85,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ -1,000 | 1 | $ 95,000 |
| Planet Home Lending, LLC 321 RESEARCH PARKWAY SUITE 303 MERIDEN, CT 06450 |
* | $ -1,000 | 1 | $ 75,000 |
The tables below break down 2022 mortgage applications in Orocovis 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 Orocovis Municipio, PR in 2022
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 | 67 | $7,125,000 | $106,000 | $305,000 | $41,000 | $120,000 |
| Cash-out Refinancing | 9 | $1,255,000 | $139,000 | $235,000 | $58,000 | $131,000 |
| Other Purpose | 5 | $705,000 | $141,000 | $275,000 | $34,000 | $50,000 |
| Refinancing | 1 | $105,000 | $105,000 | $105,000 | $76,000 | $76,000 |
| Not Applicable | 1 | $5,000 | $5,000 | $5,000 | $0 | $0 |
| 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 | 67 | $7,645,000 | $114,000 | $305,000 | $43,000 | $131,000 |
| Not applicable | 11 | $1,055,000 | $95,000 | $195,000 | $0 | $0 |
| White | 5 | $495,000 | $99,000 | $185,000 | $41,000 | $75,000 |
| 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 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 34 | $3,730,000 | $109,000 | $235,000 | $42,000 | $115,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 29 | $3,125,000 | $107,000 | $275,000 | $47,000 | $131,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 18 | $1,920,000 | $106,000 | $155,000 | $32,000 | $70,000 |
| VA-guaranteed (Veterans Administration) | 2 | $420,000 | $210,000 | $305,000 | $79,000 | $113,000 |
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 | 32 | $3,520,000 | $110,000 | $275,000 | $39,000 | $115,000 |
| Application Denied By Financial Institution | 17 | $1,945,000 | $114,000 | $235,000 | $44,000 | $120,000 |
| Application Withdrawn By Applicant | 17 | $2,125,000 | $125,000 | $305,000 | $52,000 | $131,000 |
| Loan Purchased By The Institution | 11 | $1,055,000 | $95,000 | $195,000 | $0 | $0 |
| Application Approved But Not Accepted | 4 | $360,000 | $90,000 | $105,000 | $42,000 | $76,000 |
| File Closed For Incompleteness | 2 | $190,000 | $95,000 | $115,000 | $29,000 | $35,000 |
| 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 | 66 | $7,250,000 | $109,000 | $305,000 | $43,000 | $131,000 |
| Collateral | 11 | $1,315,000 | $119,000 | $235,000 | $32,000 | $49,000 |
| Credit History | 2 | $200,000 | $100,000 | $125,000 | $43,000 | $54,000 |
| Other | 2 | $170,000 | $85,000 | $95,000 | $57,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $145,000 | $145,000 | $145,000 | $69,000 | $69,000 |
| Debt-To-Income Ratio | 1 | $115,000 | $115,000 | $115,000 | $120,000 | $120,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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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