Rincon Municipio, PR Mortgage Lenders & HMDA Data, 2020
In 2020, lenders reported 196 mortgage applications in Rincon Municipio, PR totaling $38.6 million, up 35% from 2019. The average application was for $196,000, and applicants reported an average income of $140,000. 52% of applications resulted in an originated loan and 16% were denied. The most active lender was Banco Popular, with 58 applications, followed by Cooperativa De Ahorroy Credito and Firstbank.
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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 | 196 |
| Total Mortgage Loan Application Amount | $38,610,000 |
| Average Mortgage Loan Application Amount | $196,000 |
| Highest Mortgage Loan Application Amount | $2,705,000 |
| Average Applicant Income | $140,000 |
| Highest Applicant Income | $1,398,000 |
| 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 |
* | $ 41,627,000,000 | 58 | $ 10,020,000 |
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ -1,000 | 51 | $ 11,125,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 12,597,360,000 | 14 | $ 2,170,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 9,253,736,000 | 11 | $ 2,355,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ -1,000 | 10 | $ 2,350,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ -1,000 | 10 | $ 2,310,000 |
| Calcon Mutual Mortgage LLC 3131 CAMINO DEL RIO N SUITE 1680 SAN DIEGO, CA 92108 |
* | $ -1,000 | 8 | $ 1,790,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ -1,000 | 7 | $ 1,455,000 |
| Pentagon Federal Credit Union OMAHA, NE 68164 |
* | $ 24,774,361,000 | 6 | $ 1,010,000 |
| Nationwide Mortgage Bankers, Inc. MELVILLE, NY 11747 |
* | $ -1,000 | 2 | $ 270,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 3,921,403,000 | 2 | $ 250,000 |
| Planet Home Lending, LLC 321 RESEARCH PARKWAY SUITE 303 MERIDEN, CT 06450 |
* | $ -1,000 | 2 | $ 640,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ -1,000 | 2 | $ 250,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 2 | $ 590,000 |
| Cooperativa De Ahorro Y Credito De Aguada P.O. BOX 543 AGUADA, PR 00602 |
* | $ -1,000 | 2 | $ 210,000 |
| San Rafael Coop CALLE RAFAEL RODR+¡GUEZ, CANAL 1 URB. AVI QUEBRADILLAS, PR 00678 |
* | $ -1,000 | 1 | $ 555,000 |
| Cooperativa A/C Cabo Rojo PR 100 KM. 7.0 BO.MIRADERO CABO ROJO, PR 00623 |
* | $ -1,000 | 1 | $ 155,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ -1,000 | 1 | $ 245,000 |
| Multiples Mortgage Corp. 761 AVE. LUIS MUNOZ RIVERA, SAN JUAN, PR 00918 |
* | $ -1,000 | 1 | $ 85,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ -1,000 | 1 | $ 125,000 |
| Cooperativa Ahorro Y Credito Aguadilla APARTADO 541 AGUADILLA, PR 00605 |
* | $ -1,000 | 1 | $ 155,000 |
| Capital Mortgage 206 ELEANOR ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 1 | $ 295,000 |
| Senior Mortgage Banker 1239 ROOSEVELT AVE SAN JUAN, PR 00920 |
* | $ -1,000 | 1 | $ 55,000 |
| Vegacoop APARTADO 1078 VEGA ALTA, PR 00692 |
* | $ -1,000 | 1 | $ 145,000 |
The tables below break down 2020 mortgage applications in Rincon Municipio, PR by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Rincon Municipio, PR in 2020
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 | 129 | $24,495,000 | $189,000 | $565,000 | $140,000 | $1,398,000 |
| Cash-out Refinancing | 43 | $10,105,000 | $235,000 | $2,705,000 | $128,000 | $899,000 |
| Refinancing | 19 | $3,385,000 | $178,000 | $395,000 | $178,000 | $731,000 |
| Other Purpose | 4 | $570,000 | $142,000 | $205,000 | $56,000 | $56,000 |
| Not Applicable | 1 | $55,000 | $55,000 | $55,000 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 123 | $23,305,000 | $189,000 | $2,705,000 | $136,000 | $1,398,000 |
| White | 41 | $9,495,000 | $231,000 | $565,000 | $147,000 | $655,000 |
| Not applicable | 25 | $3,875,000 | $155,000 | $445,000 | $0 | $0 |
| Not Provided | 5 | $1,545,000 | $309,000 | $445,000 | $152,000 | $271,000 |
| Black or African American | 2 | $390,000 | $195,000 | $225,000 | $153,000 | $226,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 140 | $28,770,000 | $205,000 | $2,705,000 | $162,000 | $1,398,000 |
| FHA-insured (Federal Housing Administration) | 29 | $4,885,000 | $168,000 | $525,000 | $64,000 | $158,000 |
| VA-guaranteed (Veterans Administration) | 18 | $3,700,000 | $205,000 | $445,000 | $81,000 | $159,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $1,255,000 | $139,000 | $215,000 | $58,000 | $82,000 |
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 | 101 | $20,505,000 | $203,000 | $2,705,000 | $143,000 | $1,398,000 |
| Application Denied By Financial Institution | 31 | $6,075,000 | $195,000 | $485,000 | $101,000 | $656,000 |
| Loan Purchased By The Institution | 25 | $3,875,000 | $155,000 | $445,000 | $0 | $0 |
| Application Withdrawn By Applicant | 19 | $3,795,000 | $199,000 | $405,000 | $119,000 | $271,000 |
| Application Approved But Not Accepted | 11 | $1,955,000 | $177,000 | $465,000 | $159,000 | $336,000 |
| File Closed For Incompleteness | 9 | $2,405,000 | $267,000 | $555,000 | $265,000 | $731,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 165 | $32,535,000 | $197,000 | $2,705,000 | $148,000 | $1,398,000 |
| Collateral | 11 | $2,365,000 | $215,000 | $395,000 | $170,000 | $656,000 |
| Debt-To-Income Ratio | 10 | $2,020,000 | $202,000 | $485,000 | $73,000 | $133,000 |
| Credit History | 3 | $225,000 | $75,000 | $135,000 | $41,000 | $81,000 |
| Unverifiable Information | 2 | $330,000 | $165,000 | $245,000 | $47,000 | $58,000 |
| Employment History | 2 | $310,000 | $155,000 | $165,000 | $36,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $520,000 | $260,000 | $295,000 | $69,000 | $85,000 |
| Credit Application Incomplete | 1 | $305,000 | $305,000 | $305,000 | $110,000 | $110,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 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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