Puerto Rico
Mortgage Loan Application
Totals and Details
in 2020

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 2003-2020 in all of Puerto Rico.
You can organize this information by metropolitan area and by county.

Years 2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 39,239
Total Mortgage Loan Application Amount $5,668,525,000
Average Mortgage Loan Application Amount $144,000
Highest Mortgage Loan Application Amount $13,005,000
Average Applicant Income $78,000
Highest Applicant Income $9,215,000

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 2020

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 25,224 $3,606,470,000 $142,000 $8,625,000 $74,000 $8,910,000
Refinancing 7,402 $1,125,900,000 $152,000 $5,915,000 $84,000 $3,759,000
Cash-out Refinancing 3,753 $573,865,000 $152,000 $4,505,000 $90,000 $5,273,000
Not Applicable 1,797 $205,955,000 $114,000 $425,000 $187,000 $336,000
Other Purpose 622 $88,400,000 $142,000 $13,005,000 $124,000 $9,215,000
Home Improvement 441 $67,935,000 $154,000 $10,305,000 $102,000 $1,917,000

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 23,017 $3,319,485,000 $144,000 $4,175,000 $70,000 $3,581,000
Not applicable 14,392 $1,833,020,000 $127,000 $10,305,000 $0 $0
White 1,302 $377,700,000 $290,000 $13,005,000 $181,000 $9,215,000
Not Provided 361 $86,495,000 $239,000 $3,905,000 $157,000 $5,538,000
Black or African American 120 $24,360,000 $203,000 $4,255,000 $107,000 $1,518,000
Asian 34 $18,100,000 $532,000 $4,325,000 $485,000 $5,273,000
American Indian or Alaskan Native 5 $5,985,000 $1,197,000 $4,525,000 $746,000 $1,842,000
Native Hawaiian or Other Pacific Islander 2 $300,000 $150,000 $175,000 $76,000 $88,000

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) 17,362 $2,196,680,000 $126,000 $615,000 $47,000 $875,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 12,521 $2,250,215,000 $179,000 $13,005,000 $122,000 $9,215,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6,988 $803,840,000 $115,000 $405,000 $37,000 $231,000
VA-guaranteed (Veterans Administration) 2,368 $417,790,000 $176,000 $1,735,000 $70,000 $615,000

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 15,269 $2,403,465,000 $157,000 $10,305,000 $77,000 $8,910,000
Loan Purchased By The Institution 14,368 $1,797,980,000 $125,000 $3,605,000 $0 $0
Application Denied By Financial Institution 4,367 $631,775,000 $144,000 $3,305,000 $69,000 $2,874,000
Application Withdrawn By Applicant 3,325 $540,815,000 $162,000 $5,115,000 $87,000 $3,759,000
File Closed For Incompleteness 1,143 $186,485,000 $163,000 $13,005,000 $90,000 $9,215,000
Application Approved But Not Accepted 765 $107,715,000 $140,000 $1,855,000 $82,000 $4,260,000
Preapproval Approved but not Accepted 1 $95,000 $95,000 $95,000 $53,000 $53,000
Preapproval Denied by Financial Institution 1 $195,000 $195,000 $195,000 $107,000 $107,000

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 34,834 $5,030,430,000 $144,000 $13,005,000 $80,000 $9,215,000
Collateral 1,873 $264,775,000 $141,000 $1,365,000 $74,000 $2,412,000
Debt-To-Income Ratio 938 $144,970,000 $154,000 $3,025,000 $56,000 $1,828,000
Credit History 635 $85,245,000 $134,000 $965,000 $60,000 $1,398,000
Other 349 $52,545,000 $150,000 $1,005,000 $100,000 $2,874,000
Employment History 203 $27,795,000 $136,000 $1,275,000 $49,000 $420,000
Insufficient Cash (Downpayment, Closing Cost) 166 $21,870,000 $131,000 $1,665,000 $63,000 $742,000
Unverifiable Information 142 $22,420,000 $157,000 $2,005,000 $77,000 $1,330,000
Credit Application Incomplete 67 $14,065,000 $209,000 $3,305,000 $110,000 $1,780,000
Mortgage Insurance Denied 32 $4,410,000 $137,000 $315,000 $70,000 $154,000
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Mortgage Loan Application Totals in 2020 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 2,160 $ 286,730,000 $ 132,000 $ 72,000
ARECIBO, PR 1,592 $ 176,480,000 $ 110,000 $ 53,000
GUAYAMA, PR 667 $ 60,075,000 $ 90,000 $ 46,000
MAYAGNEZ, PR 538 $ 60,380,000 $ 112,000 $ 60,000
PONCE, PR 1,984 $ 227,600,000 $ 114,000 $ 60,000
PONCE-YAUCO-COAMO, PR 481 $ 51,775,000 $ 107,000 $ 51,000
SAN GERMAN-CABO ROJO, PR 1,087 $ 131,315,000 $ 120,000 $ 67,000
SAN JUAN-CAROLINA-CAGUAS, PR 29,684 $ 4,558,560,000 $ 153,000 $ 84,000
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Mortgage Loan Application Totals in 2020 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 39 $ 3,815,000 $ 97,000 $ 43,000
Aguada 234 $ 30,600,000 $ 130,000 $ 74,000
Aguadilla 561 $ 81,435,000 $ 145,000 $ 72,000
Aguas Buenas 151 $ 17,575,000 $ 116,000 $ 45,000
Aibonito 181 $ 22,585,000 $ 124,000 $ 59,000
Anasco 158 $ 17,630,000 $ 111,000 $ 51,000
Arecibo 819 $ 84,535,000 $ 103,000 $ 53,000
Arroyo 206 $ 16,900,000 $ 82,000 $ 35,000
Barceloneta 396 $ 43,010,000 $ 108,000 $ 47,000
Barranquitas 128 $ 14,080,000 $ 110,000 $ 48,000
Bayamon 3,160 $ 400,150,000 $ 126,000 $ 50,000
Cabo Rojo 646 $ 83,990,000 $ 130,000 $ 77,000
Caguas 1,943 $ 275,215,000 $ 141,000 $ 62,000
Camuy 315 $ 36,795,000 $ 116,000 $ 49,000
Canovanas 551 $ 77,015,000 $ 139,000 $ 52,000
Carolina 2,520 $ 330,610,000 $ 131,000 $ 66,000
Catano 235 $ 30,405,000 $ 129,000 $ 53,000
Cayey 415 $ 54,015,000 $ 130,000 $ 51,000
Ceiba 177 $ 16,975,000 $ 95,000 $ 53,000
Ciales 66 $ 5,830,000 $ 88,000 $ 37,000
Cidra 363 $ 49,355,000 $ 135,000 $ 62,000
Coamo 326 $ 34,480,000 $ 105,000 $ 45,000
Comerio 73 $ 7,515,000 $ 102,000 $ 45,000
Corozal 196 $ 20,760,000 $ 105,000 $ 41,000
Culebra 21 $ 4,155,000 $ 197,000 $ 151,000
Dorado 755 $ 331,935,000 $ 439,000 $ 318,000
Fajardo 637 $ 67,535,000 $ 106,000 $ 65,000
Florida 86 $ 7,850,000 $ 91,000 $ 41,000
Guanica 76 $ 6,350,000 $ 83,000 $ 42,000
Guayama 347 $ 33,005,000 $ 95,000 $ 50,000
Guayanilla 73 $ 6,815,000 $ 93,000 $ 34,000
Guaynabo 1,988 $ 471,560,000 $ 237,000 $ 124,000
Gurabo 887 $ 131,715,000 $ 148,000 $ 63,000
Hatillo 297 $ 37,905,000 $ 127,000 $ 57,000
Hormigueros 132 $ 13,120,000 $ 99,000 $ 40,000
Humacao 846 $ 133,610,000 $ 157,000 $ 127,000
Isabela 377 $ 50,405,000 $ 133,000 $ 73,000
Jayuya 49 $ 4,875,000 $ 99,000 $ 37,000
Juana Diaz 535 $ 63,885,000 $ 119,000 $ 51,000
Juncos 616 $ 66,500,000 $ 107,000 $ 43,000
Lajas 118 $ 13,370,000 $ 113,000 $ 73,000
Lares 112 $ 11,930,000 $ 106,000 $ 47,000
Las Marias 22 $ 2,160,000 $ 98,000 $ 56,000
Las Piedras 698 $ 86,670,000 $ 124,000 $ 48,000
Loiza 272 $ 25,700,000 $ 94,000 $ 63,000
Luquillo 294 $ 39,200,000 $ 133,000 $ 76,000
Manati 402 $ 45,790,000 $ 113,000 $ 54,000
Maricao 8 $ 570,000 $ 71,000 $ 71,000
Maunabo 59 $ 5,165,000 $ 87,000 $ 48,000
Mayaguez 384 $ 45,100,000 $ 117,000 $ 68,000
Moca 179 $ 21,145,000 $ 118,000 $ 57,000
Morovis 239 $ 25,785,000 $ 107,000 $ 45,000
Naguabo 319 $ 27,805,000 $ 87,000 $ 38,000
Naranjito 117 $ 12,985,000 $ 110,000 $ 52,000
Orocovis 84 $ 9,100,000 $ 108,000 $ 42,000
Patillas 114 $ 10,170,000 $ 89,000 $ 52,000
Penuelas 92 $ 12,220,000 $ 132,000 $ 74,000
Ponce 1,318 $ 150,650,000 $ 114,000 $ 64,000
Quebradillas 161 $ 17,245,000 $ 107,000 $ 57,000
Rincon 196 $ 38,610,000 $ 196,000 $ 140,000
Rio Grande 835 $ 126,105,000 $ 151,000 $ 101,000
Sabana Grande 116 $ 10,030,000 $ 86,000 $ 39,000
Salinas 280 $ 24,880,000 $ 88,000 $ 45,000
San German 207 $ 23,925,000 $ 115,000 $ 48,000
San Juan 5,104 $ 952,210,000 $ 186,000 $ 118,000
San Lorenzo 351 $ 42,495,000 $ 121,000 $ 46,000
San Sebastian 221 $ 23,825,000 $ 107,000 $ 44,000
Santa Isabel 318 $ 36,250,000 $ 113,000 $ 52,000
Toa Alta 1,175 $ 166,245,000 $ 141,000 $ 57,000
Toa Baja 1,064 $ 125,930,000 $ 118,000 $ 48,000
Trujillo Alto 987 $ 133,115,000 $ 134,000 $ 57,000
Utuado 122 $ 11,150,000 $ 91,000 $ 48,000
Vega Alta 447 $ 63,205,000 $ 141,000 $ 78,000
Vega Baja 679 $ 79,055,000 $ 116,000 $ 51,000
Vieques 44 $ 10,400,000 $ 236,000 $ 197,000
Villalba 92 $ 9,250,000 $ 100,000 $ 42,000
Yabucoa 188 $ 16,200,000 $ 86,000 $ 37,000
Yauco 240 $ 26,390,000 $ 109,000 $ 48,000

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