Puerto Rico
Mortgage Loan Application
Totals and Details
in 2018

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 2003-2018 in all of Puerto Rico.
You can organize this information by metropolitan area and by county.

Years 2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 23,840
Total Mortgage Loan Application Amount $3,082,370,000
Average Mortgage Loan Application Amount $129,000
Highest Mortgage Loan Application Amount $7,205,000
Average Applicant Income $64,000
Highest Applicant Income $3,912,000

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 2018

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 18,223 $2,376,465,000 $130,000 $7,205,000 $65,000 $3,912,000
Cash-out Refinancing 2,531 $302,395,000 $119,000 $6,005,000 $55,000 $2,040,000
Refinancing 2,470 $332,990,000 $134,000 $2,405,000 $70,000 $1,200,000
Not Applicable 333 $36,935,000 $110,000 $495,000 $38,000 $70,000
Other Purpose 193 $24,445,000 $126,000 $3,755,000 $63,000 $1,020,000
Home Improvement 90 $9,140,000 $101,000 $525,000 $77,000 $937,000

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 19,342 $2,392,270,000 $123,000 $2,405,000 $60,000 $2,934,000
Not applicable 2,948 $396,740,000 $134,000 $7,205,000 $240,000 $500,000
White 1,125 $225,855,000 $200,000 $7,165,000 $112,000 $3,912,000
Not Provided 271 $42,295,000 $156,000 $2,515,000 $96,000 $3,893,000
Black or African American 80 $11,760,000 $147,000 $1,055,000 $100,000 $1,152,000
Asian 40 $8,280,000 $207,000 $815,000 $185,000 $1,408,000
American Indian or Alaskan Native 20 $2,600,000 $130,000 $455,000 $91,000 $225,000
Native Hawaiian or Other Pacific Islander 3 $445,000 $148,000 $235,000 $65,000 $104,000

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
FHA-insured (Federal Housing Administration) 9,501 $1,140,015,000 $119,000 $5,305,000 $46,000 $680,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 8,655 $1,246,385,000 $144,000 $7,205,000 $94,000 $3,912,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4,212 $466,880,000 $110,000 $935,000 $36,000 $283,000
VA-guaranteed (Veterans Administration) 1,472 $229,090,000 $155,000 $465,000 $62,000 $426,000

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 12,515 $1,672,975,000 $133,000 $7,205,000 $67,000 $3,912,000
Application Denied By Financial Institution 4,657 $546,355,000 $117,000 $2,735,000 $52,000 $2,040,000
Loan Purchased By The Institution 2,976 $368,430,000 $123,000 $5,005,000 $49,000 $174,000
Application Withdrawn By Applicant 2,291 $306,305,000 $133,000 $3,295,000 $70,000 $3,893,000
File Closed For Incompleteness 845 $116,065,000 $137,000 $7,165,000 $69,000 $2,000,000
Application Approved But Not Accepted 552 $71,570,000 $129,000 $1,385,000 $70,000 $2,934,000
Preapproval Denied by Financial Institution 4 $670,000 $167,000 $385,000 $113,000 $313,000
Preapproval Approved but not Accepted 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 19,095 $2,525,985,000 $132,000 $7,205,000 $68,000 $3,912,000
Collateral 1,582 $186,670,000 $117,000 $885,000 $57,000 $917,000
Debt-To-Income Ratio 1,427 $173,775,000 $121,000 $2,735,000 $45,000 $2,040,000
Credit History 832 $93,970,000 $112,000 $1,115,000 $53,000 $1,104,000
Other 351 $41,025,000 $116,000 $685,000 $59,000 $620,000
Insufficient Cash (Downpayment, Closing Cost) 235 $24,775,000 $105,000 $615,000 $44,000 $442,000
Unverifiable Information 150 $16,760,000 $111,000 $465,000 $47,000 $553,000
Employment History 107 $12,215,000 $114,000 $395,000 $57,000 $468,000
Credit Application Incomplete 52 $6,000,000 $115,000 $305,000 $56,000 $498,000
Mortgage Insurance Denied 9 $1,195,000 $132,000 $235,000 $57,000 $130,000
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Mortgage Loan Application Totals in 2018 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, PR 1,453 $ 178,755,000 $ 123,000 $ 58,000
ARECIBO, PR 1,097 $ 113,095,000 $ 103,000 $ 47,000
Guayama, Pr 409 $ 32,255,000 $ 78,000 $ 40,000
Mayagnez, Pr 377 $ 41,815,000 $ 110,000 $ 60,000
PONCE, PR 1,584 $ 168,240,000 $ 106,000 $ 49,000
San German-Cabo Rojo, Pr 835 $ 91,195,000 $ 109,000 $ 62,000
SAN JUAN-CAROLINA-CAGUAS, PR 17,364 $ 2,380,010,000 $ 137,000 $ 69,000
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Mortgage Loan Application Totals in 2018 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 36 $ 3,860,000 $ 107,000 $ 38,000
Aguada 163 $ 18,125,000 $ 111,000 $ 52,000
Aguadilla 367 $ 49,895,000 $ 135,000 $ 64,000
Aguas Buenas 113 $ 13,095,000 $ 115,000 $ 47,000
Aibonito 122 $ 12,690,000 $ 104,000 $ 47,000
Anasco 99 $ 9,365,000 $ 94,000 $ 42,000
Arecibo 578 $ 55,670,000 $ 96,000 $ 43,000
Arroyo 126 $ 9,290,000 $ 73,000 $ 31,000
Barceloneta 212 $ 22,070,000 $ 104,000 $ 38,000
Barranquitas 94 $ 9,000,000 $ 95,000 $ 39,000
Bayamon 1,720 $ 182,790,000 $ 106,000 $ 45,000
Cabo Rojo 505 $ 58,395,000 $ 115,000 $ 72,000
Caguas 1,118 $ 145,420,000 $ 130,000 $ 56,000
Camuy 216 $ 23,190,000 $ 107,000 $ 49,000
Canovanas 303 $ 38,995,000 $ 128,000 $ 51,000
Carolina 1,556 $ 186,660,000 $ 119,000 $ 66,000
Catano 132 $ 15,480,000 $ 117,000 $ 54,000
Cayey 265 $ 32,095,000 $ 121,000 $ 51,000
Ceiba 96 $ 8,340,000 $ 86,000 $ 52,000
Ciales 52 $ 5,100,000 $ 98,000 $ 39,000
Cidra 247 $ 30,025,000 $ 121,000 $ 49,000
Coamo 214 $ 22,420,000 $ 104,000 $ 45,000
Comerio 35 $ 3,225,000 $ 92,000 $ 34,000
Corozal 146 $ 14,980,000 $ 102,000 $ 42,000
Culebra 15 $ 2,455,000 $ 163,000 $ 92,000
Dorado 478 $ 168,380,000 $ 352,000 $ 177,000
Fajardo 359 $ 33,415,000 $ 93,000 $ 58,000
Florida 58 $ 5,150,000 $ 88,000 $ 32,000
Guanica 69 $ 5,965,000 $ 86,000 $ 47,000
Guayama 228 $ 18,470,000 $ 81,000 $ 46,000
Guayanilla 53 $ 4,915,000 $ 92,000 $ 31,000
Guaynabo 1,095 $ 220,275,000 $ 201,000 $ 102,000
Gurabo 661 $ 87,795,000 $ 132,000 $ 54,000
Hatillo 183 $ 22,775,000 $ 124,000 $ 58,000
Hormigueros 80 $ 7,160,000 $ 89,000 $ 37,000
Humacao 392 $ 61,470,000 $ 156,000 $ 97,000
Isabela 240 $ 28,030,000 $ 116,000 $ 60,000
Jayuya 27 $ 2,645,000 $ 97,000 $ 35,000
Juana Diaz 292 $ 31,520,000 $ 107,000 $ 46,000
Juncos 329 $ 33,395,000 $ 101,000 $ 39,000
Lajas 104 $ 9,070,000 $ 87,000 $ 50,000
Lares 80 $ 6,770,000 $ 84,000 $ 36,000
Las Marias 12 $ 1,080,000 $ 90,000 $ 36,000
Las Piedras 462 $ 56,820,000 $ 122,000 $ 42,000
Loiza 146 $ 12,440,000 $ 85,000 $ 61,000
Luquillo 199 $ 23,485,000 $ 118,000 $ 81,000
Manati 276 $ 30,650,000 $ 111,000 $ 48,000
Maricao 14 $ 510,000 $ 36,000 $ 19,000
Maunabo 35 $ 2,635,000 $ 75,000 $ 51,000
Mayaguez 297 $ 34,655,000 $ 116,000 $ 66,000
Moca 108 $ 12,200,000 $ 112,000 $ 45,000
Morovis 158 $ 15,600,000 $ 98,000 $ 52,000
Naguabo 145 $ 12,145,000 $ 83,000 $ 43,000
Naranjito 72 $ 7,070,000 $ 98,000 $ 40,000
Orocovis 44 $ 4,630,000 $ 105,000 $ 49,000
Patillas 57 $ 4,755,000 $ 83,000 $ 40,000
Penuelas 54 $ 4,790,000 $ 88,000 $ 39,000
Ponce 842 $ 93,480,000 $ 111,000 $ 55,000
Quebradillas 121 $ 11,535,000 $ 95,000 $ 42,000
Rincon 155 $ 23,775,000 $ 153,000 $ 104,000
Rio Grande 336 $ 44,810,000 $ 133,000 $ 87,000
Sabana Grande 88 $ 8,630,000 $ 98,000 $ 42,000
Salinas 136 $ 11,590,000 $ 85,000 $ 35,000
San German 142 $ 15,430,000 $ 108,000 $ 46,000
San Juan 2,979 $ 500,525,000 $ 168,000 $ 99,000
San Lorenzo 228 $ 25,590,000 $ 112,000 $ 40,000
San Sebastian 163 $ 23,465,000 $ 143,000 $ 41,000
Santa Isabel 215 $ 22,575,000 $ 105,000 $ 45,000
Toa Alta 698 $ 88,240,000 $ 126,000 $ 55,000
Toa Baja 578 $ 61,490,000 $ 106,000 $ 47,000
Trujillo Alto 560 $ 68,680,000 $ 122,000 $ 55,000
Utuado 78 $ 7,130,000 $ 91,000 $ 38,000
Vega Alta 280 $ 34,530,000 $ 123,000 $ 63,000
Vega Baja 476 $ 52,390,000 $ 110,000 $ 48,000
Vieques 37 $ 8,275,000 $ 223,000 $ 127,000
Villalba 50 $ 4,450,000 $ 89,000 $ 34,000
Yabucoa 117 $ 9,365,000 $ 80,000 $ 37,000
Yauco 224 $ 23,120,000 $ 103,000 $ 42,000

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