Puerto Rico
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023

Discover comprehensive Puerto Rico mortgage statistics and HMDA loan application data from 2003 to 2023.
Explore detailed insights into the total number of mortgage applications, loan amounts, and lending trends across the state.
Our interactive lists allow you to analyze mortgage data by county and metropolitan area, helping you track regional lending patterns.

Need in-depth lender data?
Easily download a formatted spreadsheet containing aggregated HMDA statistics for all Puerto Rico based lenders.
Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into Puerto Rico's mortgage market trends.

Years 2023  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 24,537
Total Mortgage Loan Application Amount $3,919,375,000
Average Mortgage Loan Application Amount $159,000
Highest Mortgage Loan Application Amount $25,995,000
Average Applicant Income $83,000
Highest Applicant Income $6,242,000

Explore comprehensive HMDA mortgage statistics and application trends for 2023 in Puerto Rico. Below, you'll find key insights, including total mortgage applications, average loan amounts, highest application amounts, and the income levels of top applicants. If you're researching mortgage and loan application data in Puerto Rico, these statistics will help you understand market trends and lending patterns as you navigate the mortgage process.

Our HMDA dataset allows you to analyze mortgage loan applications for 2023 across various categories, including loan purpose, applicant race, loan type, application outcomes, and reasons for denial. These detailed breakdowns provide valuable insights into borrower demographics and lender activity, making them an essential resource for homebuyers, real estate professionals, and industry analysts.

Each category highlights the total number of mortgage applications, total loan amounts, average mortgage sizes, and the highest loan amounts within each segment. You can also explore borrower income data, including average applicant income and the highest reported incomes for mortgage applicants. Whether you're evaluating lender performance, researching loan approval trends, or comparing mortgage options, this HMDA-backed data offers a valuable snapshot of the mortgage landscape in Puerto Rico.

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Mortgage Loan Application Detail Totals for Puerto Rico in 2023

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 21,276 $3,426,630,000 $161,000 $25,995,000 $82,000 $6,242,000
Cash-out Refinancing 1,453 $256,145,000 $176,000 $4,575,000 $91,000 $2,286,000
Not Applicable 670 $39,090,000 $58,000 $285,000 $0 $0
Refinancing 586 $92,740,000 $158,000 $6,855,000 $86,000 $3,870,000
Other Purpose 403 $70,105,000 $173,000 $1,805,000 $108,000 $1,792,000
Home Improvement 149 $34,665,000 $232,000 $6,205,000 $139,000 $2,648,000

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 19,009 $2,871,295,000 $151,000 $3,005,000 $76,000 $6,242,000
Not applicable 4,097 $598,525,000 $146,000 $25,995,000 $655,000 $1,772,000
White 899 $310,355,000 $345,000 $6,855,000 $188,000 $3,870,000
Not Provided 345 $88,145,000 $255,000 $2,505,000 $142,000 $2,648,000
Black or African American 130 $32,750,000 $251,000 $5,435,000 $126,000 $2,614,000
Asian 45 $16,065,000 $357,000 $2,085,000 $316,000 $4,191,000
American Indian or Alaskan Native 10 $1,980,000 $198,000 $575,000 $143,000 $422,000
Native Hawaiian 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
FHA-insured (Federal Housing Administration) 11,003 $1,519,195,000 $138,000 $725,000 $56,000 $1,688,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 9,340 $1,781,500,000 $190,000 $25,995,000 $118,000 $6,242,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,868 $347,490,000 $121,000 $695,000 $46,000 $223,000
VA-guaranteed (Veterans Administration) 1,326 $271,190,000 $204,000 $775,000 $85,000 $334,000

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 13,534 $2,231,730,000 $164,000 $25,995,000 $84,000 $4,509,000
Loan Purchased By The Institution 4,068 $547,630,000 $134,000 $2,995,000 $778,000 $1,772,000
Application Denied By Financial Institution 3,579 $553,625,000 $154,000 $6,855,000 $72,000 $3,245,000
Application Withdrawn By Applicant 2,297 $416,025,000 $181,000 $5,435,000 $96,000 $6,242,000
File Closed For Incompleteness 585 $97,505,000 $166,000 $2,925,000 $96,000 $3,870,000
Application Approved But Not Accepted 465 $71,385,000 $153,000 $2,255,000 $85,000 $809,000
Preapproval Denied by Financial Institution 9 $1,475,000 $163,000 $365,000 $52,000 $145,000
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 20,914 $3,351,660,000 $160,000 $25,995,000 $86,000 $6,242,000
Collateral 1,674 $241,580,000 $144,000 $4,575,000 $70,000 $1,222,000
Debt-To-Income Ratio 848 $155,990,000 $183,000 $6,855,000 $61,000 $1,772,000
Credit History 322 $44,310,000 $137,000 $905,000 $74,000 $1,428,000
Other 297 $48,225,000 $162,000 $2,215,000 $106,000 $3,050,000
Insufficient Cash (Downpayment, Closing Cost) 189 $26,805,000 $141,000 $1,225,000 $67,000 $609,000
Unverifiable Information 100 $24,430,000 $244,000 $4,905,000 $130,000 $3,245,000
Employment History 100 $13,860,000 $138,000 $525,000 $61,000 $477,000
Credit Application Incomplete 70 $8,830,000 $126,000 $715,000 $59,000 $365,000
Mortgage Insurance Denied 23 $3,685,000 $160,000 $485,000 $71,000 $196,000
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Mortgage Loan Application Totals in 2023 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 1,370 $ 209,460,000 $ 152,000 $ 81,000
ARECIBO, PR 1,050 $ 128,510,000 $ 122,000 $ 60,000
GUAYAMA, PR 498 $ 53,830,000 $ 108,000 $ 50,000
MAYAGNEZ, PR 391 $ 49,295,000 $ 126,000 $ 66,000
PONCE, PR 1,079 $ 128,085,000 $ 118,000 $ 59,000
PONCE-YAUCO-COAMO, PR 309 $ 32,175,000 $ 104,000 $ 48,000
SAN GERMAN-CABO ROJO, PR 684 $ 95,170,000 $ 139,000 $ 78,000
SAN JUAN-CAROLINA-CAGUAS, PR 18,621 $ 3,148,655,000 $ 169,000 $ 89,000
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Mortgage Loan Application Totals in 2023 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 32 $ 4,100,000 $ 128,000 $ 60,000
Aguada 128 $ 19,650,000 $ 153,000 $ 73,000
Aguadilla 287 $ 50,595,000 $ 176,000 $ 93,000
Aguas Buenas 98 $ 14,130,000 $ 144,000 $ 70,000
Aibonito 97 $ 12,865,000 $ 132,000 $ 50,000
Anasco 74 $ 8,870,000 $ 119,000 $ 63,000
Arecibo 598 $ 73,010,000 $ 122,000 $ 59,000
Arroyo 185 $ 17,785,000 $ 96,000 $ 49,000
Barceloneta 208 $ 25,680,000 $ 123,000 $ 52,000
Barranquitas 88 $ 9,940,000 $ 112,000 $ 60,000
Bayamon 2,162 $ 305,180,000 $ 141,000 $ 66,000
Cabo Rojo 370 $ 56,140,000 $ 151,000 $ 96,000
Caguas 1,427 $ 205,195,000 $ 143,000 $ 67,000
Camuy 175 $ 19,095,000 $ 109,000 $ 52,000
Canovanas 354 $ 53,520,000 $ 151,000 $ 72,000
Carolina 1,738 $ 251,510,000 $ 144,000 $ 78,000
Catano 142 $ 20,300,000 $ 142,000 $ 62,000
Cayey 277 $ 39,505,000 $ 142,000 $ 67,000
Ceiba 150 $ 17,320,000 $ 115,000 $ 95,000
Ciales 53 $ 6,415,000 $ 121,000 $ 43,000
Cidra 254 $ 35,990,000 $ 141,000 $ 62,000
Coamo 185 $ 21,495,000 $ 116,000 $ 61,000
Comerio 48 $ 4,550,000 $ 94,000 $ 43,000
Corozal 112 $ 12,290,000 $ 109,000 $ 51,000
Culebra 6 $ 2,150,000 $ 358,000 $ 213,000
Dorado 373 $ 201,735,000 $ 540,000 $ 275,000
Fajardo 422 $ 52,020,000 $ 123,000 $ 86,000
Florida 89 $ 7,445,000 $ 83,000 $ 46,000
Guanica 74 $ 7,350,000 $ 99,000 $ 58,000
Guayama 244 $ 28,960,000 $ 118,000 $ 50,000
Guayanilla 53 $ 4,995,000 $ 94,000 $ 40,000
Guaynabo 921 $ 242,845,000 $ 263,000 $ 141,000
Gurabo 531 $ 97,425,000 $ 183,000 $ 84,000
Hatillo 171 $ 23,625,000 $ 138,000 $ 65,000
Hormigueros 63 $ 7,125,000 $ 113,000 $ 56,000
Humacao 504 $ 116,120,000 $ 230,000 $ 156,000
Isabela 279 $ 46,085,000 $ 165,000 $ 94,000
Jayuya 29 $ 2,965,000 $ 102,000 $ 45,000
Juana Diaz 229 $ 27,275,000 $ 119,000 $ 55,000
Juncos 452 $ 71,810,000 $ 158,000 $ 65,000
Lajas 84 $ 9,490,000 $ 112,000 $ 53,000
Lares 104 $ 11,250,000 $ 108,000 $ 49,000
Las Marias 19 $ 1,945,000 $ 102,000 $ 41,000
Las Piedras 340 $ 47,280,000 $ 139,000 $ 56,000
Loiza 173 $ 23,185,000 $ 134,000 $ 87,000
Luquillo 187 $ 31,425,000 $ 168,000 $ 127,000
Manati 272 $ 32,040,000 $ 117,000 $ 59,000
Maricao 5 $ 735,000 $ 147,000 $ 264,000
Maunabo 53 $ 5,765,000 $ 108,000 $ 87,000
Mayaguez 309 $ 40,225,000 $ 130,000 $ 70,000
Moca 110 $ 12,910,000 $ 117,000 $ 52,000
Morovis 127 $ 14,395,000 $ 113,000 $ 52,000
Naguabo 217 $ 21,955,000 $ 101,000 $ 49,000
Naranjito 86 $ 10,240,000 $ 119,000 $ 53,000
Orocovis 54 $ 5,980,000 $ 110,000 $ 47,000
Patillas 69 $ 7,085,000 $ 102,000 $ 50,000
Penuelas 62 $ 6,130,000 $ 98,000 $ 40,000
Ponce 787 $ 93,325,000 $ 118,000 $ 61,000
Quebradillas 106 $ 12,780,000 $ 120,000 $ 68,000
Rincon 104 $ 28,180,000 $ 270,000 $ 173,000
Rio Grande 531 $ 104,675,000 $ 197,000 $ 128,000
Sabana Grande 80 $ 9,800,000 $ 122,000 $ 66,000
Salinas 149 $ 15,875,000 $ 106,000 $ 54,000
San German 150 $ 19,740,000 $ 131,000 $ 54,000
San Juan 3,090 $ 625,590,000 $ 202,000 $ 113,000
San Lorenzo 203 $ 23,335,000 $ 114,000 $ 48,000
San Sebastian 191 $ 22,875,000 $ 119,000 $ 53,000
Santa Isabel 109 $ 12,065,000 $ 110,000 $ 56,000
Toa Alta 598 $ 92,750,000 $ 155,000 $ 72,000
Toa Baja 697 $ 89,705,000 $ 128,000 $ 58,000
Trujillo Alto 675 $ 100,155,000 $ 148,000 $ 69,000
Utuado 93 $ 9,045,000 $ 97,000 $ 49,000
Vega Alta 276 $ 51,260,000 $ 185,000 $ 114,000
Vega Baja 401 $ 51,295,000 $ 127,000 $ 59,000
Vieques 52 $ 18,910,000 $ 363,000 $ 170,000
Villalba 31 $ 3,385,000 $ 109,000 $ 37,000
Yabucoa 141 $ 13,835,000 $ 98,000 $ 43,000
Yauco 120 $ 13,700,000 $ 114,000 $ 50,000

Our comprehensive HMDA mortgage statistics offer invaluable insights into Puerto Rico's 2023 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.

This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively. Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of Puerto Rico's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.

Download the Puerto Rico Lender List