AllMortgageDetail - Mortgage Application Details

Puerto Rico
Mortgage Loan Application
Totals and Details
in 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 69,716
Total Mortgage Loan Application Amount $6,735,273,000
Average Mortgage Loan Application Amount $96,000
Highest Mortgage Loan Application Amount $5,140,000
Average Applicant Income $46,000
Highest Applicant Income $9,631,000

Mortgage Loan Application Detail Totals for Puerto Rico in 2014

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 26,890 $3,213,127,000 $119,000 $4,400,000 $46,000 $9,631,000
Home Purchase 23,703 $3,127,752,000 $131,000 $3,360,000 $54,000 $8,673,000
Home Improvement 19,123 $394,394,000 $20,000 $5,140,000 $34,000 $5,798,000

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 55,213 $5,059,893,000 $91,000 $4,400,000 $46,000 $9,631,000
Not applicable 13,181 $1,488,744,000 $112,000 $5,140,000 $37,000 $2,654,000
White 645 $123,382,000 $191,000 $4,350,000 $151,000 $8,673,000
Not Provided 463 $29,808,000 $64,000 $1,275,000 $42,000 $874,000
Black or African American 116 $21,767,000 $187,000 $3,040,000 $94,000 $2,219,000
Asian 67 $8,320,000 $124,000 $323,000 $77,000 $458,000
American Indian or Alaskan Native 19 $2,192,000 $115,000 $235,000 $52,000 $162,000
Native Hawaiin or Other Pacific Islander 12 $1,167,000 $97,000 $163,000 $49,000 $122,000

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) 44,619 $3,831,276,000 $85,000 $4,400,000 $56,000 $9,631,000
FHA-insured (Federal Housing Administration) 16,009 $1,756,694,000 $109,000 $5,140,000 $26,000 $1,073,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 5,691 $643,351,000 $113,000 $321,000 $28,000 $107,000
VA-guaranteed (Veterans Administration) 3,397 $503,952,000 $148,000 $579,000 $35,000 $666,000

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 30,528 $3,027,864,000 $99,000 $4,350,000 $50,000 $9,631,000
Application Denied By Financial Institution 15,952 $1,066,981,000 $66,000 $2,250,000 $38,000 $2,448,000
Loan Purchased By The Institution 13,464 $1,493,471,000 $110,000 $3,360,000 $36,000 $2,654,000
Application Withdrawn By Applicant 5,226 $660,226,000 $126,000 $5,140,000 $55,000 $3,245,000
File Closed For Incompleteness 2,434 $329,630,000 $135,000 $4,041,000 $67,000 $8,673,000
Application Approved But Not Accepted 2,112 $157,101,000 $74,000 $1,170,000 $49,000 $2,467,000
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 1,201 $126,339,000 $105,000 $580,000 $44,000 $974,000
Collateral 840 $105,746,000 $125,000 $1,540,000 $53,000 $1,161,000
Debt-To-Income Ratio 747 $90,945,000 $121,000 $576,000 $39,000 $499,000
Other 522 $65,275,000 $125,000 $1,445,000 $47,000 $1,464,000
Insufficient Cash (Downpayment, Closing Cost) 166 $17,218,000 $103,000 $351,000 $28,000 $191,000
Employment History 141 $17,462,000 $123,000 $363,000 $50,000 $468,000
Credit Application Incomplete 96 $11,687,000 $121,000 $513,000 $62,000 $771,000
Unverifiable Information 46 $5,510,000 $119,000 $272,000 $49,000 $401,000
Mortgage Insurance Denied 10 $1,221,000 $122,000 $261,000 $45,000 $117,000

Mortgage Loan Application Totals in 2014 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 4,212 $ 339,416,000 $ 80,000 $ 42,000
Arecibo, Pr 3,008 $ 233,418,000 $ 77,000 $ 34,000
Guayama, Pr 1,597 $ 99,175,000 $ 62,000 $ 30,000
Mayagnez, Pr 1,257 $ 92,304,000 $ 73,000 $ 42,000
Ponce, Pr 5,167 $ 411,247,000 $ 79,000 $ 38,000
San German-Cabo Rojo, Pr 2,431 $ 183,331,000 $ 75,000 $ 45,000
San Juan-Caguas-Guaynabo, Pr 49,807 $ 5,216,046,000 $ 104,000 $ 48,000

Mortgage Loan Application Totals in 2014 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 156 $ 10,937,000 $ 70,000 $ 58,000
Aguada 532 $ 41,034,000 $ 77,000 $ 42,000
Aguadilla 857 $ 76,827,000 $ 89,000 $ 46,000
Aguas Buenas 488 $ 30,092,000 $ 61,000 $ 30,000
Aibonito 403 $ 36,020,000 $ 89,000 $ 37,000
Anasco 364 $ 26,815,000 $ 73,000 $ 35,000
Arecibo 1,688 $ 124,362,000 $ 73,000 $ 32,000
Arroyo 404 $ 22,874,000 $ 56,000 $ 28,000
Barceloneta 618 $ 46,827,000 $ 75,000 $ 30,000
Barranquitas 318 $ 21,391,000 $ 67,000 $ 40,000
Bayamon 4,851 $ 460,324,000 $ 94,000 $ 36,000
Cabo Rojo 1,131 $ 102,246,000 $ 90,000 $ 57,000
Caguas 3,593 $ 367,208,000 $ 102,000 $ 45,000
Camuy 469 $ 36,953,000 $ 78,000 $ 34,000
Canovanas 929 $ 83,901,000 $ 90,000 $ 39,000
Carolina 4,386 $ 432,183,000 $ 98,000 $ 45,000
Catano 475 $ 43,844,000 $ 92,000 $ 38,000
Cayey 884 $ 77,968,000 $ 88,000 $ 41,000
Ceiba 352 $ 27,290,000 $ 77,000 $ 34,000
Ciales 222 $ 11,905,000 $ 53,000 $ 28,000
Cidra 915 $ 75,502,000 $ 82,000 $ 35,000
Coamo 696 $ 53,113,000 $ 76,000 $ 38,000
Comerio 232 $ 13,108,000 $ 56,000 $ 29,000
Corozal 477 $ 30,041,000 $ 62,000 $ 34,000
Culebra 32 $ 3,868,000 $ 120,000 $ 114,000
Dorado 1,164 $ 238,115,000 $ 204,000 $ 109,000
Fajardo 943 $ 74,923,000 $ 79,000 $ 44,000
Florida 215 $ 15,117,000 $ 70,000 $ 28,000
Guanica 187 $ 10,785,000 $ 57,000 $ 31,000
Guayama 894 $ 59,522,000 $ 66,000 $ 30,000
Guayanilla 240 $ 11,147,000 $ 46,000 $ 32,000
Guaynabo 2,279 $ 391,843,000 $ 171,000 $ 81,000
Gurabo 1,291 $ 160,157,000 $ 124,000 $ 50,000
Hatillo 542 $ 48,770,000 $ 89,000 $ 40,000
Hormigueros 267 $ 17,131,000 $ 64,000 $ 31,000
Humacao 1,474 $ 162,851,000 $ 110,000 $ 59,000
Isabela 672 $ 64,278,000 $ 95,000 $ 44,000
Jayuya 130 $ 8,628,000 $ 66,000 $ 30,000
Juana Diaz 1,091 $ 104,150,000 $ 95,000 $ 34,000
Juncos 1,055 $ 86,563,000 $ 82,000 $ 30,000
Lajas 306 $ 19,643,000 $ 64,000 $ 44,000
Lares 257 $ 16,003,000 $ 62,000 $ 31,000
Las Marias 73 $ 4,775,000 $ 65,000 $ 26,000
Las Piedras 952 $ 87,037,000 $ 91,000 $ 39,000
Loiza 456 $ 30,542,000 $ 66,000 $ 37,000
Luquillo 572 $ 50,699,000 $ 88,000 $ 53,000
Manati 842 $ 76,284,000 $ 90,000 $ 40,000
Maricao 49 $ 1,253,000 $ 25,000 $ 29,000
Maunabo 130 $ 6,608,000 $ 50,000 $ 31,000
Mayaguez 990 $ 75,173,000 $ 75,000 $ 45,000
Moca 482 $ 31,480,000 $ 65,000 $ 35,000
Morovis 513 $ 32,379,000 $ 63,000 $ 32,000
Naguabo 503 $ 31,764,000 $ 63,000 $ 29,000
Naranjito 288 $ 20,366,000 $ 70,000 $ 37,000
Orocovis 341 $ 12,587,000 $ 36,000 $ 30,000
Patillas 299 $ 16,779,000 $ 56,000 $ 31,000
Penuelas 275 $ 14,833,000 $ 53,000 $ 38,000
Ponce 2,559 $ 211,534,000 $ 82,000 $ 43,000
Quebradillas 309 $ 23,333,000 $ 75,000 $ 36,000
Rincon 244 $ 28,118,000 $ 115,000 $ 82,000
Rio Grande 1,325 $ 149,448,000 $ 112,000 $ 57,000
Sabana Grande 479 $ 25,267,000 $ 52,000 $ 30,000
Salinas 562 $ 33,995,000 $ 60,000 $ 26,000
San German 515 $ 36,175,000 $ 70,000 $ 33,000
San Juan 7,793 $ 1,041,552,000 $ 133,000 $ 68,000
San Lorenzo 714 $ 54,624,000 $ 76,000 $ 31,000
San Sebastian 445 $ 33,852,000 $ 76,000 $ 36,000
Santa Isabel 402 $ 31,272,000 $ 77,000 $ 34,000
Toa Alta 1,714 $ 192,634,000 $ 112,000 $ 43,000
Toa Baja 1,839 $ 159,029,000 $ 86,000 $ 35,000
Trujillo Alto 1,555 $ 173,141,000 $ 111,000 $ 48,000
Utuado 359 $ 21,009,000 $ 58,000 $ 32,000
Vega Alta 803 $ 79,225,000 $ 98,000 $ 48,000
Vega Baja 1,256 $ 100,075,000 $ 79,000 $ 37,000
Vieques 119 $ 10,841,000 $ 91,000 $ 63,000
Villalba 216 $ 13,110,000 $ 60,000 $ 28,000
Yabucoa 647 $ 30,879,000 $ 47,000 $ 24,000
Yauco 599 $ 45,688,000 $ 76,000 $ 33,000