Puerto Rico
Mortgage Loan Application
Totals and Details
in 2004

Find mortgage statistics and mortgage data for Puerto Rico.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2022 in all of Puerto Rico.
You can organize this information by metropolitan area and by county.

Years 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 212,926
Total Mortgage Loan Application Amount $21,104,666,000
Average Mortgage Loan Application Amount $99,000
Highest Mortgage Loan Application Amount $20,000,000
Average Applicant Income $48,000
Highest Applicant Income $9,000,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Puerto Rico, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Puerto Rico in 2004

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
Refinancing 87,418 $9,791,465,000 $112,000 $20,000,000 $48,000 $8,000,000
Home Purchase 76,125 $10,068,922,000 $132,000 $15,000,000 $53,000 $9,000,000
Home Improvement 49,383 $1,244,279,000 $25,000 $1,500,000 $39,000 $4,980,000

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 159,189 $14,766,574,000 $92,000 $15,000,000 $47,000 $8,000,000
Not applicable 40,596 $5,279,116,000 $130,000 $20,000,000 $28,000 $9,000,000
Not Provided 10,125 $653,940,000 $64,000 $1,800,000 $53,000 $1,860,000
White 2,415 $334,667,000 $138,000 $2,144,000 $84,000 $3,751,000
American Indian or Alaskan Native 243 $29,028,000 $119,000 $1,091,000 $61,000 $350,000
Black or African American 176 $15,918,000 $90,000 $466,000 $75,000 $1,332,000
Asian 128 $17,402,000 $135,000 $669,000 $71,000 $318,000
Native Hawaiian or Other Pacific Islander 54 $8,021,000 $148,000 $450,000 $66,000 $235,000

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) 198,678 $19,725,911,000 $99,000 $20,000,000 $51,000 $9,000,000
FHA-insured (Federal Housing Administration) 12,140 $1,142,012,000 $94,000 $298,000 $30,000 $504,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,245 $127,222,000 $102,000 $437,000 $31,000 $396,000
VA-guaranteed (Veterans Administration) 863 $109,521,000 $126,000 $323,000 $39,000 $178,000

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 104,275 $10,940,269,000 $104,000 $20,000,000 $58,000 $9,000,000
Loan Purchased By The Institution 43,683 $5,618,395,000 $128,000 $8,460,000 $15,000 $3,087,000
Application Denied By Financial Institution 39,456 $1,916,456,000 $48,000 $2,800,000 $42,000 $2,845,000
Application Withdrawn By Applicant 12,821 $1,490,264,000 $116,000 $6,700,000 $54,000 $4,940,000
File Closed For Incompleteness 6,509 $628,291,000 $96,000 $2,041,000 $48,000 $1,874,000
Application Approved But Not Accepted 6,182 $510,991,000 $82,000 $15,000,000 $53,000 $4,000,000
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 10,527 $592,779,000 $56,000 $2,800,000 $40,000 $2,845,000
Debt-To-Income Ratio 3,675 $206,594,000 $56,000 $1,091,000 $36,000 $831,000
Collateral 3,094 $200,344,000 $64,000 $2,000,000 $49,000 $1,006,000
Other 1,989 $141,523,000 $71,000 $1,600,000 $45,000 $1,000,000
Credit Application Incomplete 1,044 $72,497,000 $69,000 $1,800,000 $49,000 $928,000
Employment History 573 $43,409,000 $75,000 $550,000 $37,000 $1,000,000
Insufficient Cash (Downpayment, Closing Cost) 410 $33,727,000 $82,000 $720,000 $41,000 $227,000
Mortgage Insurance Denied 390 $51,950,000 $133,000 $1,500,000 $53,000 $533,000
Unverifiable Information 42 $5,395,000 $128,000 $430,000 $64,000 $278,000
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Mortgage Loan Application Totals in 2004 by Puerto Rico Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
AGUADILLA-ISABELA-SAN SEBASTIAN, PR 10,419 $ 692,526,000 $ 66,000 $ 40,000
FAJARDO, PR 6,010 $ 533,028,000 $ 88,000 $ 57,000
GUAYAMA, PR 4,364 $ 243,417,000 $ 55,000 $ 39,000
MAYAGUEZ, PR 3,952 $ 279,843,000 $ 70,000 $ 40,000
PONCE, PR 10,138 $ 704,970,000 $ 69,000 $ 46,000
SAN GERMAN-CABO ROJO, PR 5,762 $ 434,189,000 $ 75,000 $ 45,000
SAN JUAN-CAGUAS-GUAYNABO, PR 162,356 $ 17,596,600,000 $ 108,000 $ 51,000
YAUCO, PR 2,933 $ 162,253,000 $ 55,000 $ 33,000
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Mortgage Loan Application Totals in 2004 by Puerto Rico County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Adjuntas 339 $ 17,313,000 $ 51,000 $ 30,000
Aguada 1,144 $ 65,651,000 $ 57,000 $ 36,000
Aguadilla 2,361 $ 178,067,000 $ 75,000 $ 52,000
Aguas Buenas 1,150 $ 81,857,000 $ 71,000 $ 46,000
Aibonito 850 $ 64,028,000 $ 75,000 $ 35,000
Anasco 966 $ 56,185,000 $ 58,000 $ 34,000
Arecibo 5,107 $ 337,319,000 $ 66,000 $ 38,000
Arroyo 1,226 $ 62,142,000 $ 50,000 $ 38,000
Barceloneta 1,483 $ 97,990,000 $ 66,000 $ 39,000
Barranquitas 944 $ 61,733,000 $ 65,000 $ 35,000
Bayamon 15,992 $ 1,463,620,000 $ 91,000 $ 50,000
Cabo Rojo 2,936 $ 269,712,000 $ 91,000 $ 57,000
Caguas 11,186 $ 1,248,091,000 $ 111,000 $ 51,000
Camuy 1,457 $ 102,454,000 $ 70,000 $ 44,000
Canovanas 3,292 $ 281,576,000 $ 85,000 $ 38,000
Carolina 16,126 $ 1,697,187,000 $ 105,000 $ 60,000
Catano 1,365 $ 125,922,000 $ 92,000 $ 47,000
Cayey 3,046 $ 281,241,000 $ 92,000 $ 49,000
Ceiba 1,293 $ 116,888,000 $ 90,000 $ 54,000
Ciales 678 $ 39,790,000 $ 58,000 $ 34,000
Cidra 2,691 $ 229,839,000 $ 85,000 $ 43,000
Coamo 1,355 $ 102,254,000 $ 75,000 $ 41,000
Comerio 657 $ 31,300,000 $ 47,000 $ 29,000
Corozal 1,400 $ 84,561,000 $ 60,000 $ 36,000
Culebra 196 $ 24,521,000 $ 125,000 $ 95,000
Dorado 3,676 $ 688,737,000 $ 187,000 $ 78,000
Fajardo 3,160 $ 273,186,000 $ 86,000 $ 59,000
Florida 615 $ 35,269,000 $ 57,000 $ 26,000
Guanica 485 $ 22,235,000 $ 45,000 $ 28,000
Guayama 2,210 $ 132,264,000 $ 59,000 $ 43,000
Guayanilla 557 $ 26,251,000 $ 47,000 $ 31,000
Guaynabo 8,730 $ 1,603,701,000 $ 183,000 $ 85,000
Gurabo 3,599 $ 464,640,000 $ 129,000 $ 54,000
Hatillo 1,724 $ 131,585,000 $ 76,000 $ 44,000
Hormigueros 776 $ 49,017,000 $ 63,000 $ 31,000
Humacao 4,110 $ 592,680,000 $ 144,000 $ 98,000
Isabela 1,872 $ 141,809,000 $ 75,000 $ 46,000
Jayuya 385 $ 20,719,000 $ 53,000 $ 30,000
Juana Diaz 2,011 $ 130,946,000 $ 65,000 $ 36,000
Juncos 2,363 $ 150,513,000 $ 63,000 $ 32,000
Lajas 769 $ 50,586,000 $ 65,000 $ 48,000
Lares 838 $ 45,371,000 $ 54,000 $ 30,000
Las Marias 254 $ 11,120,000 $ 43,000 $ 27,000
Las Piedras 1,973 $ 145,296,000 $ 73,000 $ 43,000
Loiza 1,211 $ 81,637,000 $ 67,000 $ 43,000
Luquillo 1,587 $ 146,424,000 $ 92,000 $ 57,000
Manati 2,261 $ 182,118,000 $ 80,000 $ 43,000
Maricao 125 $ 4,149,000 $ 33,000 $ 25,000
Maunabo 442 $ 29,241,000 $ 66,000 $ 39,000
Mayaguez 3,177 $ 230,841,000 $ 72,000 $ 45,000
Moca 1,295 $ 66,505,000 $ 51,000 $ 34,000
Morovis 1,394 $ 85,743,000 $ 61,000 $ 33,000
Naguabo 1,407 $ 86,961,000 $ 61,000 $ 38,000
Naranjito 909 $ 52,809,000 $ 58,000 $ 38,000
Orocovis 648 $ 32,956,000 $ 50,000 $ 34,000
Patillas 930 $ 49,192,000 $ 52,000 $ 35,000
Penuelas 583 $ 31,483,000 $ 54,000 $ 33,000
Ponce 7,636 $ 549,533,000 $ 71,000 $ 55,000
Quebradillas 926 $ 61,533,000 $ 66,000 $ 37,000
Rincon 678 $ 73,014,000 $ 107,000 $ 59,000
Rio Grande 4,410 $ 471,786,000 $ 106,000 $ 64,000
Sabana Grande 972 $ 48,793,000 $ 50,000 $ 29,000
Salinas 1,417 $ 67,416,000 $ 47,000 $ 32,000
San German 1,087 $ 65,546,000 $ 60,000 $ 37,000
San Juan 27,091 $ 3,824,592,000 $ 141,000 $ 72,000
San Lorenzo 1,933 $ 126,881,000 $ 65,000 $ 33,000
San Sebastian 1,400 $ 82,749,000 $ 59,000 $ 32,000
Santa Isabel 1,073 $ 70,057,000 $ 65,000 $ 38,000
Toa Alta 6,174 $ 708,785,000 $ 114,000 $ 52,000
Toa Baja 6,451 $ 536,685,000 $ 83,000 $ 43,000
Trujillo Alto 5,613 $ 666,403,000 $ 118,000 $ 58,000
Utuado 1,121 $ 61,034,000 $ 54,000 $ 32,000
Vega Alta 2,107 $ 243,633,000 $ 115,000 $ 57,000
Vega Baja 3,845 $ 313,844,000 $ 81,000 $ 47,000
Vieques 322 $ 24,731,000 $ 76,000 $ 86,000
Villalba 491 $ 24,491,000 $ 49,000 $ 34,000
Yabucoa 1,459 $ 70,692,000 $ 48,000 $ 32,000
Yauco 1,327 $ 83,764,000 $ 63,000 $ 37,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in Puerto Rico.

If you prefer, you can download a copy of the entire list of mortgage lenders in Puerto Rico and search similar information back through 2003.

Download the Puerto Rico Lender List