Puerto Rico
Mortgage Loan Application
Totals and Details
in 2019

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 2003-2019 in all of Puerto Rico.
You can organize this information by metropolitan area and by county.

Years 2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 27,785
Total Mortgage Loan Application Amount $3,766,215,000
Average Mortgage Loan Application Amount $135,000
Highest Mortgage Loan Application Amount $17,605,000
Average Applicant Income $69,000
Highest Applicant Income $5,644,000

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 2019

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 20,700 $2,848,720,000 $137,000 $17,605,000 $71,000 $5,644,000
Cash-out Refinancing 3,342 $396,700,000 $118,000 $15,525,000 $59,000 $2,500,000
Refinancing 2,383 $337,565,000 $141,000 $15,755,000 $73,000 $3,224,000
Not Applicable 638 $65,550,000 $102,000 $565,000 $21,000 $91,000
Other Purpose 483 $82,205,000 $170,000 $14,505,000 $78,000 $3,211,000
Home Improvement 239 $35,475,000 $148,000 $11,885,000 $66,000 $1,020,000

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 20,703 $2,652,425,000 $128,000 $17,605,000 $63,000 $2,500,000
Not applicable 5,431 $746,515,000 $137,000 $15,755,000 $70,000 $612,000
White 1,247 $290,215,000 $232,000 $5,685,000 $146,000 $4,703,000
Not Provided 229 $43,895,000 $191,000 $3,755,000 $129,000 $2,000,000
Black or African American 102 $15,440,000 $151,000 $1,305,000 $87,000 $621,000
Asian 37 $12,315,000 $332,000 $2,175,000 $402,000 $5,644,000
American Indian or Alaskan Native 25 $3,335,000 $133,000 $225,000 $91,000 $707,000
Native Hawaiian or Other Pacific Islander 1 $155,000 $155,000 $155,000 $41,000 $41,000

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) 11,129 $1,734,085,000 $155,000 $17,605,000 $101,000 $5,644,000
FHA-insured (Federal Housing Administration) 10,798 $1,303,520,000 $120,000 $575,000 $48,000 $871,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4,197 $455,315,000 $108,000 $375,000 $36,000 $147,000
VA-guaranteed (Veterans Administration) 1,661 $273,295,000 $164,000 $495,000 $67,000 $747,000

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 13,968 $1,956,440,000 $140,000 $15,755,000 $71,000 $5,644,000
Loan Purchased By The Institution 5,389 $640,815,000 $118,000 $3,185,000 $68,000 $612,000
Application Denied By Financial Institution 4,386 $570,820,000 $130,000 $4,875,000 $60,000 $1,518,000
Application Withdrawn By Applicant 2,485 $406,325,000 $163,000 $17,605,000 $79,000 $2,162,000
File Closed For Incompleteness 882 $105,550,000 $119,000 $955,000 $61,000 $1,360,000
Application Approved But Not Accepted 670 $85,710,000 $127,000 $725,000 $71,000 $2,500,000
Preapproval Approved but not Accepted 4 $490,000 $122,000 $175,000 $110,000 $289,000
Preapproval Denied by Financial Institution 1 $65,000 $65,000 $65,000 $23,000 $23,000

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 23,356 $3,192,380,000 $136,000 $17,605,000 $72,000 $5,644,000
Collateral 1,761 $227,255,000 $129,000 $4,875,000 $66,000 $1,518,000
Debt-To-Income Ratio 1,049 $141,685,000 $135,000 $3,225,000 $49,000 $1,200,000
Credit History 720 $82,650,000 $114,000 $1,265,000 $56,000 $960,000
Other 309 $45,375,000 $146,000 $3,135,000 $72,000 $1,000,000
Insufficient Cash (Downpayment, Closing Cost) 215 $21,975,000 $102,000 $805,000 $48,000 $262,000
Unverifiable Information 162 $22,090,000 $136,000 $1,515,000 $58,000 $443,000
Employment History 110 $15,180,000 $138,000 $805,000 $56,000 $912,000
Credit Application Incomplete 54 $11,700,000 $216,000 $3,755,000 $99,000 $1,500,000
Mortgage Insurance Denied 49 $5,925,000 $120,000 $305,000 $65,000 $360,000
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Mortgage Loan Application Totals in 2019 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 1,733 $ 210,935,000 $ 121,000 $ 61,000
ARECIBO, PR 1,107 $ 113,985,000 $ 102,000 $ 45,000
GUAYAMA, PR 501 $ 44,645,000 $ 89,000 $ 48,000
MAYAGNEZ, PR 441 $ 51,625,000 $ 117,000 $ 55,000
PONCE, PR 1,330 $ 143,290,000 $ 107,000 $ 56,000
PONCE-YAUCO-COAMO, PR 416 $ 42,940,000 $ 103,000 $ 49,000
SAN GERMAN-CABO ROJO, PR 939 $ 106,695,000 $ 113,000 $ 66,000
SAN JUAN-CAROLINA-CAGUAS, PR 20,693 $ 2,982,045,000 $ 144,000 $ 74,000
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Mortgage Loan Application Totals in 2019 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 35 $ 4,745,000 $ 135,000 $ 65,000
Aguada 179 $ 20,925,000 $ 116,000 $ 53,000
Aguadilla 432 $ 57,940,000 $ 134,000 $ 67,000
Aguas Buenas 102 $ 11,110,000 $ 108,000 $ 45,000
Aibonito 133 $ 17,745,000 $ 133,000 $ 44,000
Anasco 130 $ 12,220,000 $ 94,000 $ 44,000
Arecibo 580 $ 56,600,000 $ 97,000 $ 43,000
Arroyo 160 $ 12,110,000 $ 75,000 $ 39,000
Barceloneta 234 $ 23,820,000 $ 101,000 $ 40,000
Barranquitas 93 $ 9,615,000 $ 103,000 $ 35,000
Bayamon 2,122 $ 239,800,000 $ 113,000 $ 48,000
Cabo Rojo 563 $ 69,245,000 $ 122,000 $ 73,000
Caguas 1,412 $ 178,250,000 $ 126,000 $ 62,000
Camuy 196 $ 21,240,000 $ 108,000 $ 41,000
Canovanas 405 $ 51,235,000 $ 126,000 $ 52,000
Carolina 1,851 $ 256,465,000 $ 138,000 $ 68,000
Catano 162 $ 20,020,000 $ 123,000 $ 60,000
Cayey 275 $ 32,285,000 $ 117,000 $ 49,000
Ceiba 152 $ 12,930,000 $ 85,000 $ 51,000
Ciales 46 $ 4,320,000 $ 93,000 $ 39,000
Cidra 294 $ 36,260,000 $ 123,000 $ 47,000
Coamo 183 $ 19,035,000 $ 104,000 $ 50,000
Comerio 60 $ 17,080,000 $ 284,000 $ 46,000
Corozal 126 $ 12,080,000 $ 95,000 $ 37,000
Culebra 18 $ 3,930,000 $ 218,000 $ 311,000
Dorado 588 $ 219,700,000 $ 373,000 $ 202,000
Fajardo 495 $ 48,875,000 $ 98,000 $ 67,000
Florida 79 $ 6,705,000 $ 84,000 $ 34,000
Guanica 62 $ 5,830,000 $ 94,000 $ 51,000
Guayama 254 $ 24,780,000 $ 97,000 $ 51,000
Guayanilla 55 $ 4,505,000 $ 81,000 $ 35,000
Guaynabo 1,321 $ 265,185,000 $ 200,000 $ 105,000
Gurabo 671 $ 94,235,000 $ 140,000 $ 60,000
Hatillo 227 $ 25,235,000 $ 111,000 $ 51,000
Hormigueros 109 $ 9,275,000 $ 85,000 $ 36,000
Humacao 584 $ 82,900,000 $ 141,000 $ 103,000
Isabela 318 $ 41,040,000 $ 129,000 $ 68,000
Jayuya 34 $ 3,050,000 $ 89,000 $ 40,000
Juana Diaz 328 $ 38,430,000 $ 117,000 $ 53,000
Juncos 367 $ 37,645,000 $ 102,000 $ 40,000
Lajas 113 $ 11,915,000 $ 105,000 $ 69,000
Lares 98 $ 9,610,000 $ 98,000 $ 44,000
Las Marias 17 $ 1,455,000 $ 85,000 $ 37,000
Las Piedras 312 $ 34,540,000 $ 110,000 $ 41,000
Loiza 201 $ 17,225,000 $ 85,000 $ 64,000
Luquillo 229 $ 28,755,000 $ 125,000 $ 89,000
Manati 321 $ 34,615,000 $ 107,000 $ 46,000
Maricao 12 $ 600,000 $ 50,000 $ 22,000
Maunabo 50 $ 3,830,000 $ 76,000 $ 45,000
Mayaguez 315 $ 40,895,000 $ 129,000 $ 63,000
Moca 128 $ 13,550,000 $ 105,000 $ 43,000
Morovis 153 $ 15,815,000 $ 103,000 $ 43,000
Naguabo 198 $ 15,910,000 $ 80,000 $ 42,000
Naranjito 79 $ 7,825,000 $ 99,000 $ 43,000
Orocovis 71 $ 24,025,000 $ 338,000 $ 47,000
Patillas 87 $ 7,755,000 $ 89,000 $ 51,000
Penuelas 76 $ 9,370,000 $ 123,000 $ 52,000
Ponce 911 $ 95,045,000 $ 104,000 $ 57,000
Quebradillas 104 $ 10,910,000 $ 104,000 $ 53,000
Rincon 145 $ 23,285,000 $ 160,000 $ 116,000
Rio Grande 541 $ 84,745,000 $ 156,000 $ 106,000
Sabana Grande 109 $ 9,065,000 $ 83,000 $ 39,000
Salinas 145 $ 12,125,000 $ 83,000 $ 36,000
San German 154 $ 16,470,000 $ 106,000 $ 59,000
San Juan 3,736 $ 654,840,000 $ 175,000 $ 101,000
San Lorenzo 210 $ 21,480,000 $ 102,000 $ 39,000
San Sebastian 194 $ 22,590,000 $ 116,000 $ 43,000
Santa Isabel 173 $ 19,355,000 $ 111,000 $ 54,000
Toa Alta 723 $ 95,425,000 $ 131,000 $ 57,000
Toa Baja 693 $ 76,155,000 $ 109,000 $ 46,000
Trujillo Alto 628 $ 80,050,000 $ 127,000 $ 54,000
Utuado 109 $ 9,775,000 $ 89,000 $ 45,000
Vega Alta 360 $ 45,390,000 $ 126,000 $ 69,000
Vega Baja 510 $ 54,830,000 $ 107,000 $ 50,000
Vieques 58 $ 11,780,000 $ 203,000 $ 159,000
Villalba 56 $ 5,070,000 $ 90,000 $ 38,000
Yabucoa 108 $ 8,510,000 $ 78,000 $ 39,000
Yauco 223 $ 23,235,000 $ 104,000 $ 51,000

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