Puerto Rico Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 22,745 mortgage applications in Puerto Rico totaling $4.0 billion, down 7% from 2023. The average application was for $176,000, and applicants reported an average income of $93,000. 55% of applications resulted in an originated loan and 15% were denied. The most active lenders were Banco Popular (6,295 applications), Firstbank and The Moneyhouse Inc..
See the top mortgage lenders in Puerto Rico, browse lending by metro area and by county, or see the mortgage lenders headquartered in Puerto Rico and Puerto Rico lenders by city.
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Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into Puerto Rico's mortgage market trends.
| Years | 2025 2024 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 | 22,745 |
| Total Mortgage Loan Application Amount | $4,025,685,000 |
| Average Mortgage Loan Application Amount | $176,000 |
| Highest Mortgage Loan Application Amount | $15,005,000 |
| Average Applicant Income | $93,000 |
| Highest Applicant Income | $4,806,000 |
Top 25 Mortgage Lenders in Puerto Rico (2024)
Ranked by the number of mortgage applications each lender received for properties in Puerto Rico in 2024, wherever the lender is based. For lenders headquartered in the state, see the full list of Puerto Rico mortgage companies. For the lenders that made the most loans here in 2025, with the top FHA, VA, purchase and refinance lenders, see top mortgage lenders in Puerto Rico.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Banco Popular San Juan, PR |
6,295 | $1,284,175,000 | $203,999 | $129,921 |
| 2 | Firstbank San Juan, PR |
3,161 | $577,475,000 | $182,687 | $97,918 |
| 3 | The Moneyhouse Inc. San Juan, PR |
2,439 | $338,335,000 | $138,718 | $65,111 |
| 4 | Oriental Bank San Juan, PR |
1,702 | $283,980,000 | $166,850 | $87,170 |
| 5 | First Equity Mortgage Bankers Inc. Miami, FL |
726 | $153,790,000 | $211,831 | $102,877 |
| 6 | Hr Mortgage Corp Caguas, PR |
678 | $77,620,000 | $114,483 | $52,368 |
| 7 | Preferred Mortgage LLC San Juan, PR |
648 | $98,910,000 | $152,638 | $65,294 |
| 8 | Home Mortgage Bankers Carolina, PR |
632 | $83,590,000 | $132,262 | $51,893 |
| 9 | Sun West Mortgage Company, Inc Cerritos, CA |
539 | $84,065,000 | $155,964 | $71,057 |
| 10 | Metro Island Mortgage Rio Piedras, PR |
521 | $82,635,000 | $158,608 | $62,404 |
| 11 | Trust Mortgage Corp. San Juan, PR |
484 | $69,930,000 | $144,483 | $54,247 |
| 12 | Pentagon Federal Credit Union Omaha, NE |
483 | $119,355,000 | $247,111 | $126,708 |
| 13 | Actual Mortgage Bankers Bayamon, PR |
337 | $42,645,000 | $126,543 | $50,866 |
| 14 | Rf Mortgage & Investment Corp San Juan, PR |
315 | $59,305,000 | $188,269 | $103,412 |
| 15 | Vig Mortgage San Juan, PR |
305 | $43,805,000 | $143,622 | $58,403 |
| 16 | Emi Equity Mortgage, Inc. San Juan, PR |
289 | $41,395,000 | $143,235 | $52,397 |
| 17 | Capital Mortgage San Juan, PR |
263 | $45,745,000 | $173,935 | $116,653 |
| 18 | Multiples Mortgage Corp. San Juan, PR |
196 | $29,990,000 | $153,010 | $89,244 |
| 19 | Coop. De A/C La Puertorrique+¦A San Juan, PR |
196 | $26,840,000 | $136,938 | $62,260 |
| 20 | Senior Mortgage Banker San Juan, PR |
183 | $29,545,000 | $161,448 | $86,120 |
| 21 | Crosscountry Mortgage, LLC Cleveland, OH |
176 | $50,290,000 | $285,738 | $172,789 |
| 22 | Cooperativa De A/C Isabela Isabela, PR |
156 | $21,090,000 | $135,192 | $85,980 |
| 23 | Cooperativa De A/C Camuy Camuy, PR |
146 | $23,110,000 | $158,287 | $83,171 |
| 24 | Cooperativa De Ahorroy Credito Rincon, PR |
138 | $19,670,000 | $142,536 | $107,449 |
| 25 | Cooperativa De A\C Oriental Humacao, PR |
133 | $15,775,000 | $118,609 | $59,954 |
The tables below break down 2024 mortgage applications in Puerto Rico by loan purpose, applicant race, loan type, outcome and denial reason, followed by totals for every metro area and county. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Puerto Rico in 2024
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 | 18,821 | $3,345,765,000 | $177,000 | $6,915,000 | $91,000 | $3,701,000 |
| Cash-out Refinancing | 1,952 | $346,820,000 | $177,000 | $3,685,000 | $89,000 | $1,699,000 |
| Not Applicable | 668 | $34,000,000 | $50,000 | $385,000 | $24,000 | $24,000 |
| Refinancing | 559 | $129,495,000 | $231,000 | $5,505,000 | $110,000 | $4,541,000 |
| Other Purpose | 533 | $115,425,000 | $216,000 | $10,405,000 | $128,000 | $4,806,000 |
| Home Improvement | 212 | $54,180,000 | $255,000 | $15,005,000 | $132,000 | $4,006,000 |
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 | 18,101 | $3,047,915,000 | $168,000 | $2,905,000 | $84,000 | $3,322,000 |
| Not applicable | 3,637 | $560,685,000 | $154,000 | $15,005,000 | $699,000 | $1,755,000 |
| White | 582 | $267,850,000 | $460,000 | $6,915,000 | $300,000 | $4,806,000 |
| Not Provided | 291 | $103,545,000 | $355,000 | $10,405,000 | $183,000 | $1,943,000 |
| Black or African American | 76 | $27,920,000 | $367,000 | $3,905,000 | $190,000 | $1,489,000 |
| Asian | 41 | $11,265,000 | $274,000 | $925,000 | $173,000 | $636,000 |
| American Indian or Alaskan Native | 16 | $6,210,000 | $388,000 | $1,955,000 | $276,000 | $2,057,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $295,000 | $295,000 | $295,000 | $56,000 | $56,000 |
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) | 10,825 | $1,603,505,000 | $148,000 | $585,000 | $62,000 | $1,512,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 8,235 | $1,800,555,000 | $218,000 | $15,005,000 | $135,000 | $4,806,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2,291 | $295,725,000 | $129,000 | $395,000 | $50,000 | $166,000 |
| VA-guaranteed (Veterans Administration) | 1,394 | $325,900,000 | $233,000 | $2,005,000 | $95,000 | $1,206,000 |
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 | 12,609 | $2,362,565,000 | $187,000 | $15,005,000 | $95,000 | $4,541,000 |
| Loan Purchased By The Institution | 3,578 | $499,870,000 | $139,000 | $3,005,000 | $699,000 | $1,755,000 |
| Application Denied By Financial Institution | 3,372 | $589,890,000 | $174,000 | $5,105,000 | $79,000 | $3,000,000 |
| Application Withdrawn By Applicant | 2,214 | $421,100,000 | $190,000 | $6,915,000 | $102,000 | $3,997,000 |
| File Closed For Incompleteness | 518 | $79,150,000 | $152,000 | $1,425,000 | $86,000 | $4,806,000 |
| Application Approved But Not Accepted | 423 | $68,605,000 | $162,000 | $1,505,000 | $85,000 | $1,699,000 |
| Preapproval Denied by Financial Institution | 28 | $3,910,000 | $139,000 | $605,000 | $54,000 | $240,000 |
| Preapproval Approved but not Accepted | 3 | $595,000 | $198,000 | $315,000 | $200,000 | $351,000 |
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 | 19,295 | $3,382,265,000 | $175,000 | $10,405,000 | $96,000 | $4,806,000 |
| Collateral | 1,621 | $275,095,000 | $169,000 | $5,105,000 | $83,000 | $1,551,000 |
| Debt-To-Income Ratio | 702 | $181,500,000 | $258,000 | $15,005,000 | $70,000 | $1,755,000 |
| Credit History | 345 | $57,055,000 | $165,000 | $1,205,000 | $83,000 | $821,000 |
| Other | 269 | $43,805,000 | $162,000 | $765,000 | $101,000 | $3,000,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 217 | $31,815,000 | $146,000 | $725,000 | $62,000 | $361,000 |
| Unverifiable Information | 112 | $21,110,000 | $188,000 | $1,655,000 | $84,000 | $602,000 |
| Employment History | 86 | $17,420,000 | $202,000 | $1,015,000 | $77,000 | $600,000 |
| Credit Application Incomplete | 77 | $11,565,000 | $150,000 | $1,205,000 | $73,000 | $353,000 |
| Mortgage Insurance Denied | 21 | $4,055,000 | $193,000 | $575,000 | $80,000 | $322,000 |
Mortgage Loan Application Totals in 2024 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 | 1,208 | $ 235,950,000 | $ 195,000 | $ 108,000 |
| Arecibo, PR | 1,030 | $ 135,550,000 | $ 131,000 | $ 67,000 |
| Guayama, PR | 419 | $ 41,005,000 | $ 97,000 | $ 54,000 |
| Mayagnez, PR | 1,087 | $ 156,895,000 | $ 144,000 | $ 89,000 |
| Ponce, PR | 1,152 | $ 145,890,000 | $ 126,000 | $ 63,000 |
| San Juan-Carolina-Caguas, PR | 17,084 | $ 3,214,180,000 | $ 188,000 | $ 97,000 |
Mortgage Loan Application Totals in 2024 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 | 30 | $ 2,940,000 | $ 98,000 | $ 50,000 |
| Aguada | 119 | $ 19,955,000 | $ 167,000 | $ 84,000 |
| Aguadilla | 328 | $ 66,520,000 | $ 202,000 | $ 104,000 |
| Aguas Buenas | 99 | $ 15,485,000 | $ 156,000 | $ 76,000 |
| Aibonito | 91 | $ 11,405,000 | $ 125,000 | $ 53,000 |
| Anasco | 64 | $ 8,660,000 | $ 135,000 | $ 72,000 |
| Arecibo | 537 | $ 65,795,000 | $ 122,000 | $ 62,000 |
| Arroyo | 127 | $ 10,785,000 | $ 84,000 | $ 51,000 |
| Barceloneta | 210 | $ 26,090,000 | $ 124,000 | $ 61,000 |
| Barranquitas | 93 | $ 13,125,000 | $ 141,000 | $ 53,000 |
| Bayamon | 1,978 | $ 344,620,000 | $ 174,000 | $ 77,000 |
| Cabo Rojo | 405 | $ 70,645,000 | $ 174,000 | $ 116,000 |
| Caguas | 1,169 | $ 174,835,000 | $ 149,000 | $ 72,000 |
| Camuy | 167 | $ 22,065,000 | $ 132,000 | $ 64,000 |
| Canovanas | 330 | $ 51,250,000 | $ 155,000 | $ 67,000 |
| Carolina | 1,547 | $ 235,185,000 | $ 152,000 | $ 87,000 |
| Catano | 121 | $ 21,445,000 | $ 177,000 | $ 73,000 |
| Cayey | 283 | $ 42,735,000 | $ 151,000 | $ 69,000 |
| Ceiba | 132 | $ 15,100,000 | $ 114,000 | $ 79,000 |
| Ciales | 51 | $ 4,765,000 | $ 93,000 | $ 46,000 |
| Cidra | 220 | $ 34,000,000 | $ 154,000 | $ 68,000 |
| Coamo | 154 | $ 17,970,000 | $ 116,000 | $ 60,000 |
| Comerio | 65 | $ 7,185,000 | $ 110,000 | $ 48,000 |
| Corozal | 130 | $ 15,280,000 | $ 117,000 | $ 50,000 |
| Culebra | 6 | $ 1,480,000 | $ 246,000 | $ 256,000 |
| Dorado | 359 | $ 184,995,000 | $ 515,000 | $ 260,000 |
| Fajardo | 451 | $ 58,805,000 | $ 130,000 | $ 95,000 |
| Florida | 62 | $ 5,040,000 | $ 81,000 | $ 43,000 |
| Guanica | 48 | $ 5,570,000 | $ 116,000 | $ 66,000 |
| Guayama | 208 | $ 20,580,000 | $ 98,000 | $ 53,000 |
| Guayanilla | 41 | $ 4,185,000 | $ 102,000 | $ 51,000 |
| Guaynabo | 890 | $ 275,560,000 | $ 309,000 | $ 156,000 |
| Gurabo | 471 | $ 105,035,000 | $ 223,000 | $ 93,000 |
| Hatillo | 207 | $ 30,025,000 | $ 145,000 | $ 65,000 |
| Hormigueros | 83 | $ 8,605,000 | $ 103,000 | $ 48,000 |
| Humacao | 499 | $ 136,335,000 | $ 273,000 | $ 176,000 |
| Isabela | 282 | $ 53,580,000 | $ 190,000 | $ 108,000 |
| Jayuya | 25 | $ 3,075,000 | $ 123,000 | $ 61,000 |
| Juana Diaz | 192 | $ 25,010,000 | $ 130,000 | $ 65,000 |
| Juncos | 373 | $ 61,485,000 | $ 164,000 | $ 70,000 |
| Lajas | 78 | $ 10,140,000 | $ 130,000 | $ 106,000 |
| Lares | 94 | $ 10,890,000 | $ 115,000 | $ 52,000 |
| Las Marias | 23 | $ 2,455,000 | $ 106,000 | $ 43,000 |
| Las Piedras | 277 | $ 40,805,000 | $ 147,000 | $ 61,000 |
| Loiza | 158 | $ 21,410,000 | $ 135,000 | $ 109,000 |
| Luquillo | 196 | $ 35,020,000 | $ 178,000 | $ 113,000 |
| Manati | 277 | $ 35,965,000 | $ 129,000 | $ 87,000 |
| Maricao | 8 | $ 1,050,000 | $ 131,000 | $ 134,000 |
| Maunabo | 49 | $ 5,205,000 | $ 106,000 | $ 71,000 |
| Mayaguez | 297 | $ 38,655,000 | $ 130,000 | $ 74,000 |
| Moca | 85 | $ 16,125,000 | $ 189,000 | $ 77,000 |
| Morovis | 107 | $ 13,005,000 | $ 121,000 | $ 60,000 |
| Naguabo | 176 | $ 19,000,000 | $ 107,000 | $ 53,000 |
| Naranjito | 103 | $ 13,475,000 | $ 130,000 | $ 57,000 |
| Orocovis | 50 | $ 6,010,000 | $ 120,000 | $ 67,000 |
| Patillas | 84 | $ 9,640,000 | $ 114,000 | $ 63,000 |
| Penuelas | 57 | $ 10,065,000 | $ 176,000 | $ 56,000 |
| Ponce | 722 | $ 90,390,000 | $ 125,000 | $ 67,000 |
| Quebradillas | 119 | $ 17,665,000 | $ 148,000 | $ 99,000 |
| Rincon | 151 | $ 49,295,000 | $ 326,000 | $ 204,000 |
| Rio Grande | 495 | $ 112,835,000 | $ 227,000 | $ 122,000 |
| Sabana Grande | 96 | $ 10,870,000 | $ 113,000 | $ 48,000 |
| Salinas | 138 | $ 14,490,000 | $ 105,000 | $ 61,000 |
| San German | 128 | $ 17,980,000 | $ 140,000 | $ 78,000 |
| San Juan | 2,829 | $ 651,255,000 | $ 230,000 | $ 127,000 |
| San Lorenzo | 208 | $ 26,700,000 | $ 128,000 | $ 55,000 |
| San Sebastian | 179 | $ 21,815,000 | $ 121,000 | $ 72,000 |
| Santa Isabel | 104 | $ 12,310,000 | $ 118,000 | $ 54,000 |
| Toa Alta | 561 | $ 98,395,000 | $ 175,000 | $ 78,000 |
| Toa Baja | 665 | $ 91,485,000 | $ 137,000 | $ 61,000 |
| Trujillo Alto | 518 | $ 86,300,000 | $ 166,000 | $ 72,000 |
| Utuado | 75 | $ 7,275,000 | $ 97,000 | $ 47,000 |
| Vega Alta | 241 | $ 46,345,000 | $ 192,000 | $ 95,000 |
| Vega Baja | 430 | $ 59,920,000 | $ 139,000 | $ 72,000 |
| Vieques | 60 | $ 16,710,000 | $ 278,000 | $ 266,000 |
| Villalba | 32 | $ 3,980,000 | $ 124,000 | $ 49,000 |
| Yabucoa | 120 | $ 11,290,000 | $ 94,000 | $ 53,000 |
| Yauco | 108 | $ 12,260,000 | $ 113,000 | $ 50,000 |
Our comprehensive HMDA mortgage statistics offer invaluable insights into Puerto Rico's 2024 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.
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