Puerto Rico
Mortgage Loan Application
Totals and Details
in 2021

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 2003-2022 in all of Puerto Rico.
You can organize this information by metropolitan area and by county.

Years 2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 40,770
Total Mortgage Loan Application Amount $6,485,920,000
Average Mortgage Loan Application Amount $159,000
Highest Mortgage Loan Application Amount $15,565,000
Average Applicant Income $84,000
Highest Applicant Income $9,960,000

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 2021

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 26,397 $4,129,045,000 $156,000 $11,505,000 $78,000 $9,960,000
Refinancing 7,343 $1,170,055,000 $159,000 $15,565,000 $86,000 $4,945,000
Cash-out Refinancing 4,903 $867,385,000 $176,000 $5,645,000 $104,000 $7,263,000
Not Applicable 1,572 $196,330,000 $124,000 $455,000 $92,000 $189,000
Other Purpose 417 $84,695,000 $203,000 $9,505,000 $134,000 $7,418,000
Home Improvement 138 $38,410,000 $278,000 $11,705,000 $188,000 $6,300,000

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 31,628 $4,716,030,000 $149,000 $6,345,000 $73,000 $3,870,000
Not applicable 6,712 $970,720,000 $144,000 $15,565,000 $0 $0
White 1,612 $566,000,000 $351,000 $9,505,000 $244,000 $9,960,000
Not Provided 545 $168,625,000 $309,000 $8,005,000 $208,000 $6,150,000
Black or African American 192 $37,950,000 $197,000 $5,005,000 $125,000 $6,552,000
Asian 52 $17,840,000 $343,000 $2,455,000 $436,000 $4,945,000
American Indian or Alaskan Native 11 $2,425,000 $220,000 $545,000 $107,000 $288,000
Native Hawaiian or Other Pacific Islander 3 $625,000 $208,000 $395,000 $48,000 $73,000

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) 18,004 $3,397,060,000 $188,000 $15,565,000 $119,000 $9,960,000
FHA-insured (Federal Housing Administration) 13,970 $1,895,280,000 $135,000 $755,000 $49,000 $3,070,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6,550 $776,010,000 $118,000 $415,000 $37,000 $178,000
VA-guaranteed (Veterans Administration) 2,246 $417,570,000 $185,000 $1,555,000 $74,000 $2,755,000

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 21,366 $3,496,520,000 $163,000 $15,565,000 $82,000 $7,418,000
Loan Purchased By The Institution 6,703 $910,625,000 $135,000 $4,005,000 $0 $0
Application Denied By Financial Institution 5,893 $915,525,000 $155,000 $11,505,000 $72,000 $6,552,000
Application Withdrawn By Applicant 3,744 $672,660,000 $179,000 $8,005,000 $104,000 $6,150,000
File Closed For Incompleteness 1,986 $317,310,000 $159,000 $3,675,000 $94,000 $9,960,000
Application Approved But Not Accepted 1,064 $171,240,000 $160,000 $2,505,000 $92,000 $1,571,000
Preapproval Denied by Financial Institution 14 $2,040,000 $145,000 $475,000 $56,000 $187,000
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 34,841 $5,566,205,000 $159,000 $15,565,000 $86,000 $9,960,000
Collateral 2,860 $447,010,000 $156,000 $5,005,000 $77,000 $3,426,000
Debt-To-Income Ratio 1,227 $196,545,000 $160,000 $9,505,000 $52,000 $837,000
Credit History 675 $90,135,000 $133,000 $545,000 $63,000 $738,000
Other 478 $82,440,000 $172,000 $11,505,000 $103,000 $6,552,000
Insufficient Cash (Downpayment, Closing Cost) 215 $29,925,000 $139,000 $1,795,000 $61,000 $1,277,000
Employment History 178 $27,730,000 $155,000 $1,305,000 $66,000 $582,000
Unverifiable Information 177 $27,985,000 $158,000 $805,000 $78,000 $855,000
Credit Application Incomplete 91 $14,005,000 $153,000 $1,295,000 $92,000 $1,648,000
Mortgage Insurance Denied 28 $3,940,000 $140,000 $305,000 $94,000 $250,000
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Mortgage Loan Application Totals in 2021 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 2,502 $ 352,330,000 $ 140,000 $ 76,000
ARECIBO, PR 1,701 $ 201,475,000 $ 118,000 $ 52,000
GUAYAMA, PR 713 $ 73,335,000 $ 102,000 $ 51,000
MAYAGNEZ, PR 668 $ 84,970,000 $ 127,000 $ 68,000
PONCE, PR 1,912 $ 231,200,000 $ 120,000 $ 60,000
PONCE-YAUCO-COAMO, PR 473 $ 49,515,000 $ 104,000 $ 49,000
SAN GERMAN-CABO ROJO, PR 1,348 $ 171,690,000 $ 127,000 $ 78,000
SAN JUAN-CAROLINA-CAGUAS, PR 30,458 $ 5,195,150,000 $ 170,000 $ 91,000
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Mortgage Loan Application Totals in 2021 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 50 $ 5,730,000 $ 114,000 $ 49,000
Aguada 301 $ 41,255,000 $ 137,000 $ 68,000
Aguadilla 623 $ 90,275,000 $ 144,000 $ 74,000
Aguas Buenas 151 $ 20,215,000 $ 133,000 $ 47,000
Aibonito 181 $ 20,775,000 $ 114,000 $ 48,000
Anasco 159 $ 21,425,000 $ 134,000 $ 65,000
Arecibo 853 $ 94,855,000 $ 111,000 $ 48,000
Arroyo 168 $ 17,640,000 $ 105,000 $ 45,000
Barceloneta 355 $ 38,985,000 $ 109,000 $ 46,000
Barranquitas 175 $ 19,765,000 $ 112,000 $ 43,000
Bayamon 3,229 $ 448,385,000 $ 138,000 $ 59,000
Cabo Rojo 783 $ 102,775,000 $ 131,000 $ 90,000
Caguas 2,012 $ 290,000,000 $ 144,000 $ 67,000
Camuy 321 $ 38,025,000 $ 118,000 $ 52,000
Canovanas 532 $ 73,300,000 $ 137,000 $ 56,000
Carolina 2,558 $ 351,950,000 $ 137,000 $ 74,000
Catano 222 $ 31,260,000 $ 140,000 $ 62,000
Cayey 492 $ 65,710,000 $ 133,000 $ 54,000
Ceiba 235 $ 24,005,000 $ 102,000 $ 91,000
Ciales 76 $ 7,530,000 $ 99,000 $ 41,000
Cidra 426 $ 56,990,000 $ 133,000 $ 55,000
Coamo 301 $ 34,345,000 $ 114,000 $ 50,000
Comerio 86 $ 9,100,000 $ 105,000 $ 47,000
Corozal 194 $ 20,630,000 $ 106,000 $ 40,000
Culebra 26 $ 7,020,000 $ 270,000 $ 183,000
Dorado 843 $ 436,215,000 $ 517,000 $ 329,000
Fajardo 576 $ 67,140,000 $ 116,000 $ 78,000
Florida 104 $ 11,840,000 $ 113,000 $ 35,000
Guanica 81 $ 6,335,000 $ 78,000 $ 44,000
Guayama 398 $ 41,060,000 $ 103,000 $ 52,000
Guayanilla 62 $ 5,710,000 $ 92,000 $ 49,000
Guaynabo 2,196 $ 544,880,000 $ 248,000 $ 119,000
Gurabo 846 $ 134,920,000 $ 159,000 $ 70,000
Hatillo 360 $ 48,410,000 $ 134,000 $ 62,000
Hormigueros 131 $ 13,715,000 $ 104,000 $ 43,000
Humacao 1,144 $ 220,830,000 $ 193,000 $ 121,000
Isabela 502 $ 73,500,000 $ 146,000 $ 89,000
Jayuya 63 $ 6,945,000 $ 110,000 $ 40,000
Juana Diaz 493 $ 59,385,000 $ 120,000 $ 54,000
Juncos 506 $ 59,360,000 $ 117,000 $ 44,000
Lajas 165 $ 22,625,000 $ 137,000 $ 79,000
Lares 102 $ 10,640,000 $ 104,000 $ 40,000
Las Marias 22 $ 2,330,000 $ 105,000 $ 39,000
Las Piedras 679 $ 84,285,000 $ 124,000 $ 47,000
Loiza 261 $ 29,195,000 $ 111,000 $ 74,000
Luquillo 336 $ 48,010,000 $ 142,000 $ 96,000
Manati 389 $ 47,345,000 $ 121,000 $ 59,000
Maricao 4 $ 340,000 $ 85,000 $ 81,000
Maunabo 49 $ 4,075,000 $ 83,000 $ 57,000
Mayaguez 515 $ 68,925,000 $ 133,000 $ 75,000
Moca 199 $ 24,005,000 $ 120,000 $ 46,000
Morovis 233 $ 24,985,000 $ 107,000 $ 44,000
Naguabo 239 $ 25,045,000 $ 104,000 $ 47,000
Naranjito 111 $ 13,065,000 $ 117,000 $ 56,000
Orocovis 73 $ 8,215,000 $ 112,000 $ 43,000
Patillas 147 $ 14,635,000 $ 99,000 $ 55,000
Penuelas 97 $ 11,245,000 $ 115,000 $ 51,000
Ponce 1,276 $ 155,160,000 $ 121,000 $ 63,000
Quebradillas 167 $ 20,185,000 $ 120,000 $ 59,000
Rincon 203 $ 46,115,000 $ 227,000 $ 166,000
Rio Grande 829 $ 170,795,000 $ 206,000 $ 158,000
Sabana Grande 139 $ 13,515,000 $ 97,000 $ 44,000
Salinas 245 $ 22,855,000 $ 93,000 $ 44,000
San German 261 $ 32,775,000 $ 125,000 $ 56,000
San Juan 5,305 $ 1,136,905,000 $ 214,000 $ 126,000
San Lorenzo 377 $ 44,865,000 $ 119,000 $ 44,000
San Sebastian 264 $ 30,160,000 $ 114,000 $ 48,000
Santa Isabel 281 $ 34,895,000 $ 124,000 $ 51,000
Toa Alta 1,080 $ 157,310,000 $ 145,000 $ 63,000
Toa Baja 990 $ 120,300,000 $ 121,000 $ 54,000
Trujillo Alto 994 $ 145,340,000 $ 146,000 $ 66,000
Utuado 149 $ 14,955,000 $ 100,000 $ 53,000
Vega Alta 474 $ 75,520,000 $ 159,000 $ 80,000
Vega Baja 717 $ 89,255,000 $ 124,000 $ 59,000
Vieques 75 $ 19,855,000 $ 264,000 $ 141,000
Villalba 93 $ 10,925,000 $ 117,000 $ 51,000
Yabucoa 183 $ 16,855,000 $ 92,000 $ 40,000
Yauco 233 $ 26,225,000 $ 112,000 $ 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