In 2004, lenders reported 678 mortgage applications in Rincon Municipio, PR totaling $73.0 million, up 13% from 2003. The average application was for $107,000, and applicants reported an average income of $59,000. 55% of applications resulted in an originated loan and 14% were denied. The most active lender was Santander Mortgage Corporation, with 133 applications, followed by Banco Popular De Puerto Rico and Popular Mortgage, Inc..
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| 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 | 678 |
| Total Mortgage Loan Application Amount | $73,014,000 |
| Average Mortgage Loan Application Amount | $107,000 |
| Highest Mortgage Loan Application Amount | $701,000 |
| Average Applicant Income | $59,000 |
| Highest Applicant Income | $906,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Santander Mortgage Corporation PO BOX 192199 SAN JUAN, PR 00919 |
* | $ 47,000,000 | 133 | $ 14,101,000 |
| Banco Popular De Puerto Rico PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 22,182,000,000 | 85 | $ 3,580,000 |
| Popular Mortgage, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 21,491,000,000 | 59 | $ 8,726,000 |
| Banco Santander P.O.BOX 362589 SAN JUAN, PR 00936 |
* | $ 7,284,382,000 | 58 | $ 8,225,000 |
| R-G Premier Bank of P.R. PO BOX 2510 GUAYNABO, PR 00970 |
* | $ 6,145,152,000 | 46 | $ 5,105,000 |
| Westernbak Puerto Rico PO BOX 1180 MAYAGUEZ, PR 00681 |
* | $ 11,515,958,000 | 46 | $ 2,906,000 |
| Doral Mortgage Corp. PO BOX 71528 SAN JUAN, PR 00936 |
* | $ 10,393,996,000 | 35 | $ 2,790,000 |
| Firstbank Puerto Rico PO BOX 9146 SANTURCE, PR 00908 |
* | $ 12,547,128,000 | 35 | $ 4,576,000 |
| Doral Bank 268 PONCE DE LEON SUITE 910 SAN JUAN, PR 00918 |
* | $ 6,720,029,000 | 26 | $ 3,906,000 |
| R & G Mortgage Corporation P O BOX 362394 SAN JUAN, PR 00936 |
* | $ 8,198,880,000 | 21 | $ 2,297,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 3,314,724,000 | 17 | $ 1,786,000 |
| Banco Bilbao Vizcaya Argentari 254 MUNOZ RIVERA AVE SAN JUAN, PR 00918 |
* | $ 5,237,310,000 | 17 | $ 3,904,000 |
| Citibank, N.A. 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 582,123,000,000 | 15 | $ 1,519,000 |
| Hf Mortgage Bankers DORAL FINANCIAL PLAZA 1451 ROOSEVELT AVE S.J., PR 00921 |
* | $ 10,393,996,000 | 14 | $ 1,496,000 |
| Citifinancial 300 ST. PAUL PLACE BALTIMORE, MD 21202 |
* | $ 424,000,000,000 | 13 | $ 1,112,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 12 | $ 1,764,000 |
| Sana Mortgage PO BOX 71528 SAN JUAN, PR 00936 |
* | $ 10,393,996,000 | 10 | $ 904,000 |
| The Mortgage Store of P.R. PO BOX 362394 SAN JUAN, PR 00936 |
* | $ 8,198,880,000 | 8 | $ 740,000 |
| R-G Crown Bank 105 LIVE OAKS GARDENS CASSELBERRY, FL 32707 |
* | $ 1,293,340,000 | 4 | $ 517,000 |
| Cmfc, Inc. 850 THIRD AVENUE, 12TH FLOOR NEW YORK, NY 10022 |
* | $ 455,000,000,000 | 4 | $ 281,000 |
| Popular Finance, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 21,491,000,000 | 3 | $ 211,000 |
| Pan American Financial Corp. 1505 F.D. ROOSEVELT, SUITE 201 GUAYNABO, PR 00968 |
* | $ 10,000,000 | 2 | $ 299,000 |
| New York Mortgage Bankers AVE.PONCE DE LEON #818 MIRAMAR SAN JUAN, PR 00908 |
* | $ 10,000,000 | 2 | $ 605,000 |
| Wells Fargo Bank, NA 1 HOME CAMPUS, 4TH FLOOR, MAC X2301-042 DES MOINES, IA 50328 |
* | $ 250,474,000,000 | 2 | $ 461,000 |
| Centro Hipotecario PO BOX 71528 SAN JUAN, PR 00936 |
* | $ 10,393,996,000 | 2 | $ 408,000 |
| Beewee Mortgage Bankers Corpor 416 PONCE DE LEON UNION PLAZA SAN JUAN, PR 00918 |
* | $ 10,000,000 | 1 | $ 77,000 |
| Cooperativa De A/C Isabela 21 CALLE BARBOSA SUITE 1 ISABELA, PR 00662 |
* | $ 10,000,000 | 1 | $ 32,000 |
| Master Mortgage Corporation 280 DOMENECH AVE. BALDRICH DEV. SAN JUAN, PR 00918 |
* | $ 10,000,000 | 1 | $ 91,000 |
| Eurobank PO BOX 191009 SAN JUAN, PR 00926 |
* | $ 1,319,550,000 | 1 | $ 150,000 |
| First Equity Mortgage Bankers 9300 S DADELAND BLVD SUITE 500 MIAMI, FL 33156 |
* | $ 10,000,000 | 1 | $ 170,000 |
| First Mortgage Capital P.O BOX 550 BAYAMON, PR 00960 |
* | $ 10,000,000 | 1 | $ 85,000 |
| First Security Mortgage 97 DE DIEGO AVE. SAN JUAN, PR 00929 |
* | $ 10,000,000 | 1 | $ 173,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 1,297,549,000 | 1 | $ 13,000 |
| Popular Auto PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 21,491,000,000 | 1 | $ 4,000 |
The tables below break down 2004 mortgage applications in Rincon Municipio, PR by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
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 | 379 | $50,510,000 | $133,000 | $701,000 | $74,000 | $906,000 |
| Refinancing | 172 | $19,664,000 | $114,000 | $315,000 | $53,000 | $300,000 |
| Home Improvement | 127 | $2,840,000 | $22,000 | $255,000 | $29,000 | $243,000 |
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 | 506 | $48,657,000 | $96,000 | $450,000 | $57,000 | $387,000 |
| Not applicable | 118 | $17,294,000 | $146,000 | $415,000 | $9,000 | $330,000 |
| White | 35 | $5,855,000 | $167,000 | $701,000 | $128,000 | $906,000 |
| Not Provided | 17 | $1,046,000 | $61,000 | $225,000 | $38,000 | $99,000 |
| Asian | 2 | $162,000 | $81,000 | $102,000 | $64,000 | $103,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 607 | $67,726,000 | $111,000 | $701,000 | $63,000 | $906,000 |
| FHA-insured (Federal Housing Administration) | 63 | $4,547,000 | $72,000 | $157,000 | $23,000 | $52,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $492,000 | $82,000 | $85,000 | $30,000 | $36,000 |
| VA-guaranteed (Veterans Administration) | 2 | $249,000 | $124,000 | $194,000 | $23,000 | $47,000 |
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 | 372 | $40,512,000 | $108,000 | $450,000 | $76,000 | $906,000 |
| Loan Purchased By The Institution | 122 | $17,888,000 | $146,000 | $415,000 | $16,000 | $330,000 |
| Application Denied By Financial Institution | 98 | $5,146,000 | $52,000 | $701,000 | $37,000 | $243,000 |
| Application Withdrawn By Applicant | 52 | $6,451,000 | $124,000 | $315,000 | $65,000 | $300,000 |
| Application Approved But Not Accepted | 23 | $1,952,000 | $84,000 | $265,000 | $47,000 | $257,000 |
| File Closed For Incompleteness | 11 | $1,065,000 | $96,000 | $323,000 | $84,000 | $268,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Credit History | 19 | $890,000 | $46,000 | $106,000 | $28,000 | $72,000 |
| Debt-To-Income Ratio | 16 | $1,639,000 | $102,000 | $352,000 | $45,000 | $216,000 |
| Other | 7 | $469,000 | $67,000 | $275,000 | $26,000 | $104,000 |
| Collateral | 5 | $241,000 | $48,000 | $100,000 | $54,000 | $118,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $169,000 | $56,000 | $79,000 | $27,000 | $36,000 |
| Credit Application Incomplete | 1 | $55,000 | $55,000 | $55,000 | $13,000 | $13,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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