Puerto Rico
Mortgage Loan Application
Totals and Details
in 2017

Find mortgage statistics for Puerto Rico.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2017 in all of Puerto Rico.
You can organize this information by metropolitan area and by county.

Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 41,775
Total Mortgage Loan Application Amount $3,560,714,000
Average Mortgage Loan Application Amount $85,000
Highest Mortgage Loan Application Amount $5,901,000
Average Applicant Income $46,000
Highest Applicant Income $9,999,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or lending 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 are also able to 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 2017

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 17,559 $2,246,216,000 $127,000 $5,500,000 $54,000 $4,278,000
Home Improvement 16,197 $273,750,000 $16,000 $3,762,000 $32,000 $1,156,000
Refinancing 8,019 $1,040,748,000 $129,000 $5,901,000 $57,000 $9,999,000

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 37,352 $2,978,915,000 $79,000 $4,237,000 $47,000 $9,999,000
Not applicable 3,155 $418,514,000 $132,000 $5,901,000 $13,000 $2,309,000
White 615 $124,642,000 $202,000 $5,000,000 $166,000 $3,678,000
Not Provided 560 $24,097,000 $43,000 $720,000 $41,000 $641,000
Black or African American 53 $8,598,000 $162,000 $3,000,000 $108,000 $569,000
Asian 35 $5,025,000 $143,000 $998,000 $138,000 $1,200,000
American Indian or Alaskan Native 5 $923,000 $184,000 $900,000 $153,000 $695,000
Native Hawaiin or Other Pacific Islander 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) 24,801 $1,502,507,000 $60,000 $5,500,000 $52,000 $9,999,000
FHA-insured (Federal Housing Administration) 10,922 $1,317,151,000 $120,000 $5,901,000 $38,000 $965,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4,276 $469,973,000 $109,000 $980,000 $31,000 $4,278,000
VA-guaranteed (Veterans Administration) 1,776 $271,083,000 $152,000 $597,000 $47,000 $529,000

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 19,395 $1,835,920,000 $94,000 $5,901,000 $54,000 $9,999,000
Application Denied By Financial Institution 13,476 $731,248,000 $54,000 $3,100,000 $36,000 $2,817,000
Loan Purchased By The Institution 3,183 $387,066,000 $121,000 $3,762,000 $12,000 $465,000
Application Withdrawn By Applicant 2,703 $351,307,000 $129,000 $1,320,000 $69,000 $2,562,000
Application Approved But Not Accepted 1,849 $108,268,000 $58,000 $1,920,000 $50,000 $823,000
File Closed For Incompleteness 1,169 $146,905,000 $125,000 $1,124,000 $67,000 $1,211,000
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 664 $64,818,000 $97,000 $600,000 $47,000 $370,000
Other 592 $66,269,000 $111,000 $704,000 $51,000 $1,151,000
Collateral 539 $63,817,000 $118,000 $798,000 $53,000 $662,000
Debt-To-Income Ratio 519 $61,995,000 $119,000 $410,000 $43,000 $476,000
Employment History 78 $8,536,000 $109,000 $324,000 $39,000 $146,000
Credit Application Incomplete 63 $7,653,000 $121,000 $970,000 $69,000 $551,000
Insufficient Cash (Downpayment, Closing Cost) 59 $6,128,000 $103,000 $268,000 $39,000 $192,000
Unverifiable Information 58 $6,731,000 $116,000 $280,000 $46,000 $189,000
Mortgage Insurance Denied 7 $769,000 $109,000 $146,000 $84,000 $281,000
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Mortgage Loan Application Totals in 2017 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 2,635 $ 199,511,000 $ 75,000 $ 46,000
Arecibo, Pr 1,822 $ 122,818,000 $ 67,000 $ 38,000
Guayama, Pr 850 $ 41,630,000 $ 48,000 $ 32,000
Mayagnez, Pr 742 $ 53,910,000 $ 72,000 $ 47,000
Ponce, Pr 3,225 $ 212,418,000 $ 65,000 $ 38,000
San German-Cabo Rojo, Pr 1,464 $ 109,141,000 $ 74,000 $ 48,000
San Juan-Caguas-Guaynabo, Pr 29,620 $ 2,735,741,000 $ 92,000 $ 48,000
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Mortgage Loan Application Totals in 2017 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 100 $ 5,494,000 $ 54,000 $ 35,000
Aguada 336 $ 21,636,000 $ 64,000 $ 44,000
Aguadilla 591 $ 52,235,000 $ 88,000 $ 50,000
Aguas Buenas 290 $ 12,817,000 $ 44,000 $ 30,000
Aibonito 238 $ 14,103,000 $ 59,000 $ 29,000
Anasco 229 $ 14,999,000 $ 65,000 $ 37,000
Arecibo 1,012 $ 64,839,000 $ 64,000 $ 38,000
Arroyo 244 $ 12,020,000 $ 49,000 $ 29,000
Barceloneta 390 $ 27,289,000 $ 69,000 $ 31,000
Barranquitas 200 $ 10,992,000 $ 54,000 $ 34,000
Bayamon 2,789 $ 223,340,000 $ 80,000 $ 36,000
Cabo Rojo 738 $ 64,948,000 $ 88,000 $ 61,000
Caguas 1,928 $ 181,226,000 $ 93,000 $ 42,000
Camuy 310 $ 21,649,000 $ 69,000 $ 41,000
Canovanas 695 $ 56,535,000 $ 81,000 $ 41,000
Carolina 2,377 $ 202,569,000 $ 85,000 $ 48,000
Catano 289 $ 22,129,000 $ 76,000 $ 37,000
Cayey 494 $ 36,946,000 $ 74,000 $ 37,000
Ceiba 180 $ 11,583,000 $ 64,000 $ 41,000
Ciales 120 $ 6,892,000 $ 57,000 $ 28,000
Cidra 578 $ 39,375,000 $ 68,000 $ 36,000
Coamo 349 $ 22,667,000 $ 64,000 $ 36,000
Comerio 162 $ 6,908,000 $ 42,000 $ 28,000
Corozal 333 $ 15,682,000 $ 47,000 $ 31,000
Culebra 41 $ 4,199,000 $ 102,000 $ 99,000
Dorado 605 $ 144,348,000 $ 238,000 $ 109,000
Fajardo 561 $ 39,847,000 $ 71,000 $ 49,000
Florida 147 $ 9,042,000 $ 61,000 $ 27,000
Guanica 162 $ 8,460,000 $ 52,000 $ 40,000
Guayama 426 $ 22,005,000 $ 51,000 $ 34,000
Guayanilla 173 $ 7,507,000 $ 43,000 $ 34,000
Guaynabo 1,468 $ 221,179,000 $ 150,000 $ 78,000
Gurabo 772 $ 84,137,000 $ 108,000 $ 48,000
Hatillo 314 $ 24,172,000 $ 76,000 $ 37,000
Hormigueros 157 $ 9,752,000 $ 62,000 $ 33,000
Humacao 868 $ 76,678,000 $ 88,000 $ 61,000
Isabela 434 $ 33,484,000 $ 77,000 $ 51,000
Jayuya 74 $ 4,662,000 $ 63,000 $ 30,000
Juana Diaz 580 $ 40,039,000 $ 69,000 $ 36,000
Juncos 582 $ 37,619,000 $ 64,000 $ 28,000
Lajas 225 $ 13,544,000 $ 60,000 $ 38,000
Lares 155 $ 9,744,000 $ 62,000 $ 36,000
Las Marias 51 $ 1,975,000 $ 38,000 $ 30,000
Las Piedras 746 $ 68,223,000 $ 91,000 $ 35,000
Loiza 263 $ 13,083,000 $ 49,000 $ 36,000
Luquillo 371 $ 33,659,000 $ 90,000 $ 57,000
Manati 472 $ 37,298,000 $ 79,000 $ 41,000
Maricao 28 $ 622,000 $ 22,000 $ 23,000
Maunabo 97 $ 4,346,000 $ 44,000 $ 38,000
Mayaguez 585 $ 44,158,000 $ 75,000 $ 50,000
Moca 262 $ 17,094,000 $ 65,000 $ 36,000
Morovis 305 $ 16,161,000 $ 52,000 $ 29,000
Naguabo 323 $ 16,813,000 $ 52,000 $ 36,000
Naranjito 222 $ 9,997,000 $ 45,000 $ 35,000
Orocovis 226 $ 8,511,000 $ 37,000 $ 28,000
Patillas 182 $ 7,701,000 $ 42,000 $ 31,000
Penuelas 212 $ 8,826,000 $ 41,000 $ 28,000
Ponce 1,599 $ 108,552,000 $ 67,000 $ 41,000
Quebradillas 188 $ 12,279,000 $ 65,000 $ 34,000
Rincon 164 $ 22,193,000 $ 135,000 $ 98,000
Rio Grande 758 $ 68,888,000 $ 90,000 $ 53,000
Sabana Grande 234 $ 10,528,000 $ 44,000 $ 30,000
Salinas 331 $ 15,552,000 $ 46,000 $ 27,000
San German 268 $ 20,197,000 $ 75,000 $ 38,000
San Juan 4,424 $ 549,714,000 $ 124,000 $ 73,000
San Lorenzo 556 $ 35,543,000 $ 63,000 $ 31,000
San Sebastian 251 $ 18,314,000 $ 72,000 $ 35,000
Santa Isabel 306 $ 19,183,000 $ 62,000 $ 35,000
Toa Alta 1,073 $ 104,640,000 $ 97,000 $ 42,000
Toa Baja 1,124 $ 80,048,000 $ 71,000 $ 33,000
Trujillo Alto 890 $ 87,017,000 $ 97,000 $ 47,000
Utuado 215 $ 10,052,000 $ 46,000 $ 31,000
Vega Alta 545 $ 45,304,000 $ 83,000 $ 43,000
Vega Baja 800 $ 60,519,000 $ 75,000 $ 39,000
Vieques 86 $ 5,650,000 $ 65,000 $ 47,000
Villalba 145 $ 7,971,000 $ 54,000 $ 28,000
Yabucoa 360 $ 14,812,000 $ 41,000 $ 29,000
Yauco 363 $ 32,214,000 $ 88,000 $ 35,000

We hope these totals and details for mortgage applications 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 PR.

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