Rincon Municipio, PR Mortgage Lenders & HMDA Data, 2021
In 2021, lenders reported 203 mortgage applications in Rincon Municipio, PR totaling $46.1 million, up 4% from 2020. The average application was for $227,000, and applicants reported an average income of $166,000. 54% of applications resulted in an originated loan and 18% were denied. The most active lender was Cooperativa De Ahorroy Credito, with 58 applications, followed by Banco Popular 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 | 203 |
| Total Mortgage Loan Application Amount | $46,115,000 |
| Average Mortgage Loan Application Amount | $227,000 |
| Highest Mortgage Loan Application Amount | $2,855,000 |
| Average Applicant Income | $166,000 |
| Highest Applicant Income | $1,394,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ -1,000 | 58 | $ 12,810,000 |
| Banco Popular PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 41,627,000,000 | 51 | $ 10,585,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 12,597,360,000 | 17 | $ 3,765,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 9,253,736,000 | 15 | $ 2,545,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ -1,000 | 11 | $ 3,035,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ -1,000 | 10 | $ 2,760,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ -1,000 | 8 | $ 2,090,000 |
| Pentagon Federal Credit Union OMAHA, NE 68164 |
* | $ 24,774,361,000 | 8 | $ 1,710,000 |
| Planet Home Lending, LLC 321 RESEARCH PARKWAY SUITE 303 MERIDEN, CT 06450 |
* | $ -1,000 | 6 | $ 1,940,000 |
| Capital Mortgage 206 ELEANOR ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 5 | $ 1,155,000 |
| Equity Prime Mortgage LLC 5 CONCOURSE PKWY, STE 2250 ATLANTA, GA 30328 |
* | $ -1,000 | 3 | $ 795,000 |
| Cooperativa De Ahorro Y Credito De Aguada P.O. BOX 543 AGUADA, PR 00602 |
* | $ -1,000 | 3 | $ 1,045,000 |
| Lendus, LLC 3236 STONE VALLEY ROAD W ALAMO, CA 94507 |
* | $ -1,000 | 2 | $ 290,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 2 | $ 410,000 |
| Nationwide Mortgage Bankers, Inc. MELVILLE, NY 11747 |
* | $ -1,000 | 1 | $ 325,000 |
| Calcon Mutual Mortgage LLC 3131 CAMINO DEL RIO N SUITE 1680 SAN DIEGO, CA 92108 |
* | $ -1,000 | 1 | $ 445,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 3,921,403,000 | 1 | $ 245,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ -1,000 | 1 | $ 165,000 |
The tables below break down 2021 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 2021
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 | 118 | $29,970,000 | $253,000 | $2,855,000 | $163,000 | $1,063,000 |
| Cash-out Refinancing | 43 | $7,955,000 | $185,000 | $625,000 | $119,000 | $1,394,000 |
| Refinancing | 37 | $7,135,000 | $192,000 | $515,000 | $216,000 | $1,223,000 |
| Other Purpose | 3 | $875,000 | $291,000 | $465,000 | $322,000 | $775,000 |
| Not Applicable | 2 | $180,000 | $90,000 | $95,000 | $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 | 101 | $16,065,000 | $159,000 | $525,000 | $118,000 | $749,000 |
| White | 77 | $23,485,000 | $305,000 | $2,855,000 | $224,000 | $1,394,000 |
| Not applicable | 13 | $2,785,000 | $214,000 | $545,000 | $0 | $0 |
| Not Provided | 7 | $2,365,000 | $337,000 | $795,000 | $167,000 | $326,000 |
| Asian | 3 | $745,000 | $248,000 | $265,000 | $369,000 | $882,000 |
| Black or African American | 1 | $445,000 | $445,000 | $445,000 | $118,000 | $118,000 |
| 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) | 177 | $40,995,000 | $231,000 | $2,855,000 | $170,000 | $1,394,000 |
| FHA-insured (Federal Housing Administration) | 15 | $2,855,000 | $190,000 | $525,000 | $191,000 | $1,223,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,665,000 | $237,000 | $645,000 | $88,000 | $145,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $600,000 | $150,000 | $205,000 | $43,000 | $72,000 |
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 | 110 | $24,700,000 | $224,000 | $2,855,000 | $168,000 | $1,394,000 |
| Application Denied By Financial Institution | 36 | $7,840,000 | $217,000 | $625,000 | $88,000 | $340,000 |
| Application Withdrawn By Applicant | 23 | $5,715,000 | $248,000 | $745,000 | $206,000 | $1,223,000 |
| Loan Purchased By The Institution | 13 | $2,785,000 | $214,000 | $545,000 | $0 | $0 |
| File Closed For Incompleteness | 11 | $2,915,000 | $265,000 | $465,000 | $191,000 | $775,000 |
| Application Approved But Not Accepted | 10 | $2,160,000 | $216,000 | $435,000 | $300,000 | $1,063,000 |
| 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 | 167 | $38,275,000 | $229,000 | $2,855,000 | $184,000 | $1,394,000 |
| Collateral | 18 | $4,270,000 | $237,000 | $625,000 | $97,000 | $340,000 |
| Debt-To-Income Ratio | 11 | $2,145,000 | $195,000 | $415,000 | $80,000 | $192,000 |
| Other | 2 | $240,000 | $120,000 | $165,000 | $64,000 | $92,000 |
| Unverifiable Information | 2 | $630,000 | $315,000 | $465,000 | $153,000 | $207,000 |
| Credit History | 2 | $310,000 | $155,000 | $235,000 | $47,000 | $80,000 |
| Employment History | 1 | $245,000 | $245,000 | $245,000 | $31,000 | $31,000 |
| 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 |
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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