In 2013, lenders reported 350 mortgage applications in Rincon Municipio, PR totaling $116.9 million, down 12% from 2012. The average application was for $333,000, and applicants reported an average income of $85,000. 49% of applications resulted in an originated loan and 15% were denied. The most active lender was Banco Popular, with 145 applications, followed by Cooperativa De Ahorroy Credito and Scotiabank De Puerto Rico.
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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 | 350 |
| Total Mortgage Loan Application Amount | $116,899,000 |
| Average Mortgage Loan Application Amount | $333,000 |
| Highest Mortgage Loan Application Amount | $71,929,000 |
| Average Applicant Income | $85,000 |
| Highest Applicant Income | $5,388,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Banco Popular PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 27,204,000,000 | 145 | $ 16,817,000 |
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ 10,000,000 | 50 | $ 6,633,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 5,982,654,000 | 32 | $ 4,612,000 |
| Doral Mortgage LLC DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV SAN JUAN, PR 00921 |
* | $ 11,855,073,000 | 25 | $ 3,787,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 13,082,461,000 | 17 | $ 3,378,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 9,137,885,000 | 16 | $ 2,015,000 |
| Doral Bank 268 PONCE DE LEON SUITE 910 SAN JUAN, PR 00918 |
* | $ 7,797,099,000 | 13 | $ 1,637,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 1,778,826,000 | 9 | $ 1,073,000 |
| Citimortgage, Inc. 1 COURT SQUARE, 43RD FLOOR LONG ISLAND CITY, NY 11120 |
* | $ 1,019,497,000,000 | 7 | $ 769,000 |
| Banco Santander Puerto Rico P O BOX 362589, SAN JUAN, PR 00936 |
* | $ 7,202,438,000 | 5 | $ 675,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ 10,000,000 | 4 | $ 771,000 |
| Senior Mortgage Banker 1239 ROOSEVELT AVE SAN JUAN, PR 00920 |
* | $ 0 | 3 | $ 315,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ 789,772,000 | 3 | $ 384,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ 10,000,000 | 2 | $ 139,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ 10,000,000 | 2 | $ 285,000 |
| Multiples Mortgage Corp. 761 AVE. LUIS MUNOZ RIVERA, SAN JUAN, PR 00918 |
* | $ 10,000,000 | 2 | $ 157,000 |
| Aeela Mortgage PO BOX 71502 SAN JUAN, PR 00936 |
* | $ 1,000,000,000 | 2 | $ 229,000 |
| Santander Financial Services 207 AVE PONCE DE LEON SAN JUAN, PR 00926 |
* | $ 8,082,156,000 | 2 | $ 117,000 |
| Reverse Mortgage Solutions Inc 14405 WALTERS RD SUITE 200 HOUSTON, TX 77014 |
* | $ 10,978,000 | 1 | $ 71,929,000 |
| Citibank, NA NEW YORK, NY 10012 |
* | $ 1,313,401,000,000 | 1 | $ 159,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ 10,000,000 | 1 | $ 112,000 |
| The Lending Center Corporation G-8 ONEILL STREET SAN JUAN, PR 00918 |
* | $ 525,000 | 1 | $ 124,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ 10,000,000 | 1 | $ 275,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 1 | $ 72,000 |
| Finance of America Reverse LLC 8023 EAST 63RD PLACE, SUITE 700 TULSA, OK 74133 |
* | $ 3,125,000 | 1 | $ 77,000 |
| Cooperativa De Mayaguez PO BOX 416 MAYAGUEZ, PR 00680 |
* | $ 49,000,000 | 1 | $ 80,000 |
| First Security Mortgage, Inc. 97 DE DIEGO AVE. SAN FRANCISCO SAN JUAN, PR 00929 |
* | $ 10,000,000 | 1 | $ 55,000 |
| Express Solution Mortgage Corp 1606 PONCE DE LEON AVE. SUITE L-06 SAN JUAN, PR 00909 |
* | $ 15,000,000 | 1 | $ 51,000 |
| Advance Mortgage Bankers, Inc. P.O. BOX 50286 TOA BAJA, PR 00950 |
* | $ 15,555,000 | 1 | $ 172,000 |
The tables below break down 2013 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 |
|---|---|---|---|---|---|---|
| Refinancing | 192 | $97,733,000 | $509,000 | $71,929,000 | $67,000 | $610,000 |
| Home Purchase | 119 | $17,474,000 | $146,000 | $536,000 | $131,000 | $5,388,000 |
| Home Improvement | 39 | $1,692,000 | $43,000 | $940,000 | $37,000 | $400,000 |
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 | 256 | $31,340,000 | $122,000 | $940,000 | $73,000 | $787,000 |
| Not applicable | 56 | $78,203,000 | $1,396,000 | $71,929,000 | $32,000 | $454,000 |
| White | 30 | $6,578,000 | $219,000 | $536,000 | $302,000 | $5,388,000 |
| Not Provided | 7 | $594,000 | $84,000 | $284,000 | $46,000 | $140,000 |
| Asian | 1 | $184,000 | $184,000 | $184,000 | $106,000 | $106,000 |
| 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) | 267 | $34,934,000 | $130,000 | $940,000 | $104,000 | $5,388,000 |
| FHA-insured (Federal Housing Administration) | 45 | $76,871,000 | $1,708,000 | $71,929,000 | $19,000 | $219,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 23 | $2,805,000 | $121,000 | $211,000 | $35,000 | $68,000 |
| VA-guaranteed (Veterans Administration) | 15 | $2,289,000 | $152,000 | $278,000 | $31,000 | $64,000 |
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 | 173 | $20,692,000 | $119,000 | $500,000 | $67,000 | $452,000 |
| Loan Purchased By The Institution | 59 | $78,444,000 | $1,329,000 | $71,929,000 | $31,000 | $454,000 |
| Application Denied By Financial Institution | 54 | $6,925,000 | $128,000 | $940,000 | $61,000 | $400,000 |
| Application Withdrawn By Applicant | 34 | $6,291,000 | $185,000 | $536,000 | $300,000 | $5,388,000 |
| File Closed For Incompleteness | 20 | $3,458,000 | $172,000 | $377,000 | $100,000 | $364,000 |
| Application Approved But Not Accepted | 10 | $1,089,000 | $108,000 | $219,000 | $91,000 | $392,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 5 | $487,000 | $97,000 | $178,000 | $14,000 | $33,000 |
| Other | 3 | $515,000 | $171,000 | $284,000 | $96,000 | $145,000 |
| Unverifiable Information | 1 | $250,000 | $250,000 | $250,000 | $162,000 | $162,000 |
| Debt-To-Income Ratio | 1 | $105,000 | $105,000 | $105,000 | $24,000 | $24,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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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