Rincon Municipio, PR Mortgage Lenders & HMDA Data, 2022
In 2022, lenders reported 141 mortgage applications in Rincon Municipio, PR totaling $31.6 million, down 31% from 2021. The average application was for $224,000, and applicants reported an average income of $197,000. 61% of applications resulted in an originated loan and 7% were denied. The most active lender was Cooperativa De Ahorroy Credito, with 50 applications, followed by Firstbank and Banco Popular.
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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 | 141 |
| Total Mortgage Loan Application Amount | $31,615,000 |
| Average Mortgage Loan Application Amount | $224,000 |
| Highest Mortgage Loan Application Amount | $755,000 |
| Average Applicant Income | $197,000 |
| Highest Applicant Income | $3,012,000 |
| 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 | 50 | $ 11,200,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 20,778,081,000 | 19 | $ 4,235,000 |
| Banco Popular PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 64,243,000,000 | 17 | $ 3,865,000 |
| Crosscountry Mortgage, LLC 2160 SUPERIOR AVENUE CLEVELAND, OH 44114 |
* | $ -1,000 | 7 | $ 1,625,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 9,805,742,000 | 6 | $ 1,010,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ -1,000 | 6 | $ 1,360,000 |
| Capital Mortgage 206 ELEANOR ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 5 | $ 1,685,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ -1,000 | 5 | $ 825,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 5,072,223,000 | 3 | $ 425,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ -1,000 | 3 | $ 1,335,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ -1,000 | 3 | $ 595,000 |
| Cooperativa De A/C Isabela 21 CALLE BARBOSA SUITE 1 ISABELA, PR 00662 |
* | $ -1,000 | 2 | $ 80,000 |
| Planet Home Lending, LLC 321 RESEARCH PARKWAY SUITE 303 MERIDEN, CT 06450 |
* | $ -1,000 | 2 | $ 540,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ -1,000 | 2 | $ 350,000 |
| Cooperativa La Sagrada Familia CALLE BOU 38 COROZAL, PR 00783 |
* | $ -1,000 | 1 | $ 65,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ -1,000 | 1 | $ 225,000 |
| A&D Mortgage LLC 899 W. CYPRESS CREEK ROAD FT. LAUDERDALE, FL 33309 |
* | $ -1,000 | 1 | $ 415,000 |
| Amerant Mortgage LLC 226 N KENTUCKY AVE LAKELAND, FL, FL 33801 |
* | $ -1,000 | 1 | $ 325,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ -1,000 | 1 | $ 115,000 |
| Equity Prime Mortgage LLC 5 CONCOURSE PKWY, STE 2250 ATLANTA, GA 30328 |
* | $ -1,000 | 1 | $ 405,000 |
| Pentagon Federal Credit Union OMAHA, NE 68164 |
* | $ 32,520,025,000 | 1 | $ 105,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ -1,000 | 1 | $ 215,000 |
| Senior Mortgage Banker 1239 ROOSEVELT AVE SAN JUAN, PR 00920 |
* | $ -1,000 | 1 | $ 175,000 |
| Caribe Federal Credit Union 195 ONEIL ST SAN JUAN, PR 00918 |
* | $ 586,695,000 | 1 | $ 125,000 |
| Amerant Bank, N.A. 220 ALHAMBRA CIRCLE MIAMI, FL 33134 |
* | $ 7,622,254,000 | 1 | $ 315,000 |
The tables below break down 2022 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 2022
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 | 93 | $21,525,000 | $231,000 | $685,000 | $156,000 | $1,266,000 |
| Cash-out Refinancing | 27 | $6,495,000 | $240,000 | $755,000 | $178,000 | $1,995,000 |
| Refinancing | 18 | $2,990,000 | $166,000 | $545,000 | $381,000 | $3,012,000 |
| Home Improvement | 1 | $345,000 | $345,000 | $345,000 | $743,000 | $743,000 |
| Not Applicable | 1 | $105,000 | $105,000 | $105,000 | $0 | $0 |
| Other Purpose | 1 | $155,000 | $155,000 | $155,000 | $450,000 | $450,000 |
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 | 87 | $16,805,000 | $193,000 | $685,000 | $171,000 | $3,012,000 |
| White | 36 | $9,100,000 | $252,000 | $755,000 | $176,000 | $743,000 |
| Not applicable | 8 | $2,200,000 | $275,000 | $585,000 | $0 | $0 |
| Not Provided | 6 | $2,110,000 | $351,000 | $585,000 | $559,000 | $1,995,000 |
| Asian | 3 | $1,065,000 | $355,000 | $565,000 | $537,000 | $1,266,000 |
| Black or African American | 1 | $335,000 | $335,000 | $335,000 | $90,000 | $90,000 |
| 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) | 128 | $29,680,000 | $231,000 | $755,000 | $209,000 | $3,012,000 |
| FHA-insured (Federal Housing Administration) | 10 | $1,610,000 | $161,000 | $225,000 | $61,000 | $101,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $180,000 | $90,000 | $105,000 | $24,000 | $24,000 |
| VA-guaranteed (Veterans Administration) | 1 | $145,000 | $145,000 | $145,000 | $33,000 | $33,000 |
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 | 86 | $19,900,000 | $231,000 | $755,000 | $160,000 | $1,266,000 |
| Application Withdrawn By Applicant | 22 | $5,060,000 | $230,000 | $685,000 | $281,000 | $1,995,000 |
| Application Denied By Financial Institution | 10 | $1,850,000 | $185,000 | $475,000 | $125,000 | $420,000 |
| File Closed For Incompleteness | 8 | $1,280,000 | $160,000 | $325,000 | $142,000 | $450,000 |
| Loan Purchased By The Institution | 8 | $2,200,000 | $275,000 | $585,000 | $0 | $0 |
| Application Approved But Not Accepted | 7 | $1,325,000 | $189,000 | $305,000 | $564,000 | $3,012,000 |
| 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 | 131 | $29,765,000 | $227,000 | $755,000 | $203,000 | $3,012,000 |
| Collateral | 5 | $1,065,000 | $213,000 | $475,000 | $178,000 | $420,000 |
| Debt-To-Income Ratio | 2 | $320,000 | $160,000 | $185,000 | $89,000 | $133,000 |
| Other | 1 | $175,000 | $175,000 | $175,000 | $60,000 | $60,000 |
| Unverifiable Information | 1 | $115,000 | $115,000 | $115,000 | $42,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $175,000 | $175,000 | $175,000 | $80,000 | $80,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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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