Rio Grande Municipio, PR Mortgage Lenders & HMDA Data, 2007

In 2007, lenders reported 2,585 mortgage applications in Rio Grande Municipio, PR totaling $285.4 million, down 13% from 2006. The average application was for $110,000, and applicants reported an average income of $65,000. 38% of applications resulted in an originated loan and 26% were denied. The most active lender was R & G Mortgage Corporation, with 338 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 2,585
Total Mortgage Loan Application Amount $285,361,000
Average Mortgage Loan Application Amount $110,000
Highest Mortgage Loan Application Amount $4,888,000
Average Applicant Income $65,000
Highest Applicant Income $9,999,000

Mortgage Company List for Lending in Rio Grande Municipio, PR for 2007

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
R & G Mortgage Corporation
P O BOX 362394
SAN JUAN, PR 00936
* $ 12,405,129,000 338 $ 41,437,000
Banco Popular De Puerto Rico
PO BOX 362708
SAN JUAN, PR 00936
* $ 25,020,000,000 284 $ 3,630,000
Popular Mortgage, Inc.
PO BOX 362708
SAN JUAN, PR 00936
* $ 25,691,000,000 255 $ 39,561,000
Doral Mortgage LLC
DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV
SAN JUAN, PR 00921
* $ 11,855,073,000 252 $ 35,001,000
Citimortgage, Inc
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 1,019,497,000,000 178 $ 20,047,000
R-G Premier Bank of P.R.
PO BOX 2510
GUAYNABO, PR 00970
* $ 8,062,197,000 155 $ 18,281,000
Doral Bank
268 PONCE DE LEON SUITE 910
SAN JUAN, PR 00918
* $ 9,220,610,000 145 $ 18,697,000
Firstmortgage
PO BOX 9146
SAN JUAN, PR 00908
* $ 9,582,507,000 91 $ 12,437,000
Westernbak Puerto Rico
PO BOX 1180
MAYAGUEZ, PR 00681
* $ 17,080,020,000 91 $ 2,801,000
Citifinancial
300 ST. PAUL PLACE
BALTIMORE, MD 21202
* $ 1,745,248,000,000 79 $ 4,514,000
Citibank, N.A.
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 1,019,497,000,000 79 $ 776,000
Banco Santander
P.O.BOX 362589
SAN JUAN, PR 00936
* $ 8,231,368,000 75 $ 8,721,000
Firstbank Puerto Rico
PO BOX 9146
SANTURCE, PR 00908
* $ 16,488,291,000 74 $ 10,953,000
Santander Mortgage Corporation
PO BOX 192199
SAN JUAN, PR 00919
* $ 47,000,000 68 $ 14,335,000
Banco Bilbao Vizcaya Argentari
254 MUNOZ RIVERA AVE
SAN JUAN, PR 00918
* $ 6,331,376,000 50 $ 11,248,000
Scotiabank De Puerto Rico
290 JESUS T. PIN++ERO
SAN JUAN, PR 00918
* $ 1,544,228,000 44 $ 4,573,000
Oriental Bank
PO BOX 195115
SAN JUAN, PR 00919
* $ 4,298,305,000 36 $ 3,997,000
Cmfc, Inc.
850 THIRD AVENUE, 12TH FLOOR
NEW YORK, NY 10022
* $ 279,830,959,000 29 $ 4,208,000
Santander Financial Services
P.O. BOX 362589
SAN JUAN, PR 00936
* $ 8,082,156,000 29 $ 1,944,000
Emi Equity Mortgage Inc.
413 BOLIVAR ST
SAN JUAN, PR 00912
* $ 17,958,000 21 $ 2,487,000
Eurobank
PO BOX 191009
SAN JUAN, PR 00926
* $ 2,500,164,000 19 $ 2,066,000
Home Mortgage Bankers
AVE. SANCHEZ OSORIO 3BS-5 VFP
CAROLINA, PR 00983
* $ 10,000,000 17 $ 1,934,000
Preferred Mortgage LLC
307 AVE FD ROOSEVELT
SAN JUAN, PR 00918
* $ 10,000,000 16 $ 2,081,000
The Mortgage House Inc.
915 ROBERTO SANCHEZ VILELA AVE
SAN JUAN, PR 00924
* $ 10,000,000 16 $ 1,729,000
World Mortgage Bankers
1108 AVE. ROOSEVELT
SAN JUAN, PR 00920
* $ 10,000,000 13 $ 1,622,000
Aeela Mortgage
PO BOX 71502
SAN JUAN, PR 00936
* $ 10,000,000 9 $ 951,000
The Moneyhouse Inc.
#52 CALLE PASEO COVANDONGA
SAN JUAN, PR 00901
* $ 10,000,000 9 $ 1,292,000
Metro Island Mortgage
VILLA NEVAREZ PROF. CENTER SUITE 201
RIO PIEDRAS, PR 00927
* $ 10,000,000 9 $ 1,134,000
Reliable Financial Services
PO BOX 21382, MAC F0302-001
SAN JUAN, PR 00928
* $ 481,996,000 9 $ 1,697,000
Popular Finance, Inc.
PO BOX 362708
SAN JUAN, PR 00936
* $ 25,691,000,000 9 $ 999,000
Golden Mortgage Bankers
CALLE BORI 1534 URB. BELISA
SAN JUAN, PR 00927
* $ 10,000,000 8 $ 849,000
Rf Mortgage & Investment Corp
PO BOX 361309
SAN JUAN, PR 00936
* $ 10,000,000 7 $ 1,055,000
Aaa Concordia Mortgage Corp.
RR-37 BOX 1837 TEL. 758-1188
SAN JUAN, PR 00926
* $ 3,823,000 7 $ 734,000
First Security Mortgage
97 DE DIEGO AVE.
SAN JUAN, PR 00929
* $ 10,000,000 7 $ 905,000
Citifinancial Plus
300 ST. PAUL PLACE
BALTIMORE, MD 21202
* $ 279,830,959,000 6 $ 294,000
Rbs Mortgage Corporation
894-D MUNOZ RIVERA AVE SUITE 106
SAN JUAN, PR 00927
* $ 10,000,000 5 $ 645,000
Coop Ac De La Industria Biopha
VILLA CAROLINA, C9 AVE. ROBERTO CLEMENTE
CAROLINA, PR 00985
* $ 10,000,000 5 $ 729,000
Advance Mortgage Bankers, Inc.
P.O. BOX 50286
TOA BAJA, PR 00950
* $ 15,555,000 5 $ 982,000
Popular Auto
PO BOX 362708
SAN JUAN, PR 00936
* $ 25,691,000,000 5 $ 20,000
First Mortgage Capital
P.O BOX 550
BAYAMON, PR 00960
* $ 10,000,000 4 $ 879,000
Cooperativa De A\C Oriental
PO BOX 876
HUMACAO, PR 00791
* $ 10,000,000 4 $ 439,000
Beewee Mortgage Bankers Corpor
416 PONCE DE LEON UNION PLAZA
SAN JUAN, PR 00918
* $ 10,000,000 3 $ 680,000
American Airlines Federal Cred
4151 AMON CARTER BLVD
FORT WORTH, TX 76155
* $ 4,142,654,000 3 $ 249,000
Nlc Puerto Rico
AM TOWER PISO 1 207 C/DEL PARQ
SAN JUAN, PR 00907
* $ 10,000,000 2 $ 168,000
Cooperativa De A/C Arecibo
PO BOX 1056
ARECIBO, PR 00613
* $ 10,000,000 2 $ 166,000
The Mortgage Loan Co.
915 CAMPO RICO AVE
SAN JUAN, PR 00924
* $ 10,000,000 2 $ 169,000
Jr Mortgage Home
2979 EMILIO FAGOT AVE. SUITE 1
PONCE, PR 00716
* $ 1,395,899,000 2 $ 145,000
Beneficial Mortgage Corp.
1322 F.D. ROOSEVELT AVE
SAN JUAN, PR 00920
* $ 10,000,000 2 $ 320,000
Countrywide Home Loans
30930 RUSSELL RANCH ROAD MS WLRR-148
WESTLAKE VILLAGE, CA 91362
* $ 199,946,230,000 1 $ 158,000
Cooperativa De Ahorro Y Crn++Dito Dr. Manuel Zeno Gandn++A
PO BOX 1865
ARECIBO, PR 00613
* $ 222,466,000 1 $ 160,000
Cooperativa De Ac Las Piedras
APARTADO 414
LAS PIEDRAS, PR 00771
* $ 10,000,000 1 $ 74,000
Cooperativa A/C Hnos Unidos
229 CALLE DUARTE
SAN JUAN, PR 00917
* $ 52,826,000 1 $ 70,000
Pentagon Federal Credit Union
14300 SULLYFIELD CIRCLE
CHANTILLY, VA 20151
* $ 9,339,663,000 1 $ 160,000
Vapr Federal Credit Union
2400 177 ROAD
GUAYNABO, PR 00969
* $ 104,851,000 1 $ 109,000
Puerto Rico Federal Credit Uni
RESOLUCION 55 ESQ. AVE ROOSEVELT
SAN JUAN, PR 00922
* $ 98,439,000 1 $ 49,000

The tables below break down 2007 mortgage applications in Rio Grande 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 Rio Grande Municipio, PR in 2007

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 966 $163,357,000 $169,000 $4,888,000 $85,000 $9,999,000
Refinancing 907 $102,622,000 $113,000 $1,500,000 $67,000 $9,999,000
Home Improvement 712 $19,382,000 $27,000 $335,000 $37,000 $836,000

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 2,127 $224,730,000 $105,000 $4,888,000 $60,000 $1,502,000
Not applicable 371 $54,689,000 $147,000 $4,888,000 $102,000 $9,999,000
Not Provided 54 $1,590,000 $29,000 $271,000 $36,000 $275,000
White 28 $3,736,000 $133,000 $330,000 $75,000 $175,000
Black or African American 3 $398,000 $132,000 $300,000 $25,000 $41,000
Asian 2 $218,000 $109,000 $195,000 $39,000 $43,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 2,302 $251,773,000 $109,000 $4,888,000 $69,000 $9,999,000
FHA-insured (Federal Housing Administration) 229 $26,478,000 $115,000 $241,000 $32,000 $169,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 41 $4,955,000 $120,000 $224,000 $28,000 $65,000
VA-guaranteed (Veterans Administration) 13 $2,155,000 $165,000 $234,000 $61,000 $121,000

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 988 $113,707,000 $115,000 $4,888,000 $67,000 $1,150,000
Application Denied By Financial Institution 663 $49,129,000 $74,000 $850,000 $44,000 $1,502,000
Loan Purchased By The Institution 443 $63,894,000 $144,000 $4,888,000 $96,000 $9,999,000
Application Withdrawn By Applicant 269 $33,673,000 $125,000 $651,000 $68,000 $524,000
File Closed For Incompleteness 137 $15,348,000 $112,000 $334,000 $52,000 $312,000
Application Approved But Not Accepted 85 $9,610,000 $113,000 $744,000 $75,000 $1,013,000
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 130 $9,217,000 $70,000 $589,000 $40,000 $420,000
Debt-To-Income Ratio 69 $5,865,000 $85,000 $444,000 $51,000 $836,000
Collateral 32 $3,076,000 $96,000 $251,000 $58,000 $305,000
Other 27 $2,816,000 $104,000 $490,000 $93,000 $1,502,000
Credit Application Incomplete 16 $1,652,000 $103,000 $432,000 $61,000 $230,000
Insufficient Cash (Downpayment, Closing Cost) 9 $601,000 $66,000 $319,000 $43,000 $144,000
Unverifiable Information 6 $1,705,000 $284,000 $850,000 $130,000 $342,000
Employment History 4 $303,000 $75,000 $213,000 $38,000 $91,000
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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