In 2011, lenders reported 1,594 mortgage applications in Rio Grande Municipio, PR totaling $192.9 million, down 2% from 2010. The average application was for $121,000, and applicants reported an average income of $56,000. 43% of applications resulted in an originated loan and 25% were denied. The most active lender was Popular Mortgage, Inc., with 440 applications, followed by Banco Popular 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 | 1,594 |
| Total Mortgage Loan Application Amount | $192,906,000 |
| Average Mortgage Loan Application Amount | $121,000 |
| Highest Mortgage Loan Application Amount | $4,769,000 |
| Average Applicant Income | $56,000 |
| Highest Applicant Income | $1,741,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Popular Mortgage, Inc. PO BOX 36708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 440 | $ 81,493,000 |
| Banco Popular PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 29,371,000,000 | 281 | $ 2,986,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 6,920,242,000 | 233 | $ 20,222,000 |
| Doral Mortgage LLC DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV SAN JUAN, PR 00921 |
* | $ 11,855,073,000 | 99 | $ 12,489,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 14,100,472,000 | 77 | $ 12,141,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 7,168,817,000 | 49 | $ 5,921,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ 10,000,000 | 43 | $ 5,345,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 39 | $ 7,575,000 |
| Banco Santander Puerto Rico P O BOX 362589, SAN JUAN, PR 00936 |
* | $ 6,987,029,000 | 37 | $ 11,144,000 |
| Finance of America Reverse LLC 8023 EAST 63RD PLACE, SUITE 700 TULSA, OK 74133 |
* | $ 3,125,000 | 28 | $ 2,936,000 |
| Banco Bilbao Vizcaya Argentari 254 MU?OZ RIVERA AVE., SAN JUAN, PR 00936 |
* | $ 4,908,249,000 | 27 | $ 3,488,000 |
| First Security Mortgage, Inc. 97 DE DIEGO AVE. SAN FRANCISCO SAN JUAN, PR 00929 |
* | $ 10,000,000 | 23 | $ 2,311,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ 789,772,000 | 22 | $ 2,780,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 18 | $ 1,713,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ 10,000,000 | 18 | $ 1,838,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ 10,000,000 | 17 | $ 2,199,000 |
| Santander Financial Services P.O. BOX 71504 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 16 | $ 1,009,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ 10,000,000 | 15 | $ 2,263,000 |
| Reliable Financial Services 100 N MAIN STREET MAC D4001-063 WINSTON-SALEM, NC 27150 |
* | $ 481,996,000 | 14 | $ 1,222,000 |
| Rbs Mortgage Corporation 894-D MUNOZ RIVERA AVE SUITE 106 SAN JUAN, PR 00927 |
* | $ 10,000,000 | 14 | $ 1,868,000 |
| Actual Mortgage Bankers PO BOX 2808 BAYAMON, PR 00960 |
* | $ 10,000,000 | 10 | $ 783,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ 10,000,000 | 9 | $ 1,056,000 |
| Trust Mortgage Corp. EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS SAN JUAN, PR 00923 |
* | $ 279,615,000 | 8 | $ 875,000 |
| The Lending Center Corporation G-8 ONEILL STREET SAN JUAN, PR 00918 |
* | $ 525,000 | 7 | $ 789,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 7 | $ 1,205,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ 10,000,000 | 5 | $ 599,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ 10,000,000 | 5 | $ 775,000 |
| Aeela Mortgage PO BOX 71502 SAN JUAN, PR 00936 |
* | $ 1,000,000,000 | 4 | $ 417,000 |
| Aaa Concordia Mortgage Corp RR-37 BOX 1837 SAN JUAN, PR 00926 |
* | $ 10,000,000 | 4 | $ 407,000 |
| Express Solution Mortgage Corp 1606 PONCE DE LEON AVE. SUITE L-06 SAN JUAN, PR 00909 |
* | $ 15,000,000 | 3 | $ 217,000 |
| Latin American Financlal 1700 JESUS T. PINERO AVE 2ND FL STE 26 SAN JUAN, PR 00921 |
* | $ 10,000,000 | 3 | $ 344,000 |
| Cooperativa De A\C Oriental PO BOX 876 HUMACAO, PR 00791 |
* | $ 155,431,000 | 3 | $ 290,000 |
| Coop Ac De La Industria Biopha VILLA CAROLINA, C9 AVE. ROBERTO CLEMENTE CAROLINA, PR 00985 |
* | $ 10,000,000 | 2 | $ 211,000 |
| Advance Mortgage Bankers, Inc. P.O. BOX 50286 TOA BAJA, PR 00950 |
* | $ 15,555,000 | 2 | $ 319,000 |
| Pentagon Federal Credit Union OMAHA, NE 68164 |
* | $ 15,104,501,000 | 1 | $ 263,000 |
| Navy Federal Credit Union 820 FOLLIN LANE VIENNA, VA 22180 |
* | $ 44,423,207,000 | 1 | $ 15,000 |
| World Mortgage Bankers 1108 AVE. ROOSEVELT SAN JUAN, PR 00920 |
* | $ 10,000,000 | 1 | $ 292,000 |
| Cooperativa De A/C Arecibo PO BOX 1056 ARECIBO, PR 00613 |
* | $ 10,000,000 | 1 | $ 75,000 |
| Vegacoop APARTADO 1078 VEGA ALTA, PR 00692 |
* | $ 262,934,000 | 1 | $ 220,000 |
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ 10,000,000 | 1 | $ 55,000 |
| Top Mortgage Bankers PONCE DE LEON AVE. 1913 SANTURCE, PR 00607 |
* | $ 100,000,000 | 1 | $ 137,000 |
| The Mortgage House Inc. 915 ROBERTO SANCHEZ VILELA AVE SAN JUAN, PR 00924 |
* | $ 10,000,000 | 1 | $ 135,000 |
| Caribe Federal Credit Union 195 ONEIL ST SAN JUAN, PR 00918 |
* | $ 217,884,000 | 1 | $ 144,000 |
| Puerto Rico Federal Credit Uni RESOLUCION 55 ESQ. AVE ROOSEVELT SAN JUAN, PR 00922 |
* | $ 110,762,000 | 1 | $ 231,000 |
| American Airlines Federal Cred 4151 AMON CARTER BLVD FORT WORTH, TX 76155 |
* | $ 5,192,808,000 | 1 | $ 14,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 1,444,690,000 | 1 | $ 95,000 |
The tables below break down 2011 mortgage applications in Rio Grande 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 757 | $118,129,000 | $156,000 | $2,880,000 | $61,000 | $1,741,000 |
| Refinancing | 421 | $66,778,000 | $158,000 | $4,769,000 | $70,000 | $1,620,000 |
| Home Improvement | 416 | $7,999,000 | $19,000 | $278,000 | $32,000 | $259,000 |
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 | 1,376 | $164,679,000 | $119,000 | $4,769,000 | $62,000 | $1,741,000 |
| Not applicable | 194 | $25,757,000 | $132,000 | $2,400,000 | $11,000 | $384,000 |
| Not Provided | 15 | $625,000 | $41,000 | $187,000 | $34,000 | $81,000 |
| White | 7 | $1,672,000 | $238,000 | $901,000 | $137,000 | $648,000 |
| Black or African American | 2 | $173,000 | $86,000 | $168,000 | $49,000 | $78,000 |
| 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) | 1,001 | $121,461,000 | $121,000 | $4,769,000 | $71,000 | $1,741,000 |
| FHA-insured (Federal Housing Administration) | 447 | $52,083,000 | $116,000 | $399,000 | $29,000 | $133,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 111 | $13,956,000 | $125,000 | $259,000 | $30,000 | $68,000 |
| VA-guaranteed (Veterans Administration) | 35 | $5,406,000 | $154,000 | $291,000 | $41,000 | $134,000 |
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 | 681 | $80,682,000 | $118,000 | $2,400,000 | $60,000 | $1,741,000 |
| Application Denied By Financial Institution | 393 | $29,836,000 | $75,000 | $1,150,000 | $45,000 | $940,000 |
| Loan Purchased By The Institution | 242 | $31,150,000 | $128,000 | $1,285,000 | $19,000 | $510,000 |
| Application Withdrawn By Applicant | 129 | $16,957,000 | $131,000 | $544,000 | $76,000 | $736,000 |
| Application Approved But Not Accepted | 98 | $24,115,000 | $246,000 | $2,880,000 | $110,000 | $1,521,000 |
| File Closed For Incompleteness | 51 | $10,166,000 | $199,000 | $4,769,000 | $98,000 | $1,620,000 |
| 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 | 37 | $5,195,000 | $140,000 | $1,150,000 | $61,000 | $401,000 |
| Debt-To-Income Ratio | 13 | $1,266,000 | $97,000 | $249,000 | $33,000 | $97,000 |
| Collateral | 12 | $2,031,000 | $169,000 | $372,000 | $130,000 | $537,000 |
| Other | 8 | $628,000 | $78,000 | $100,000 | $26,000 | $48,000 |
| Unverifiable Information | 1 | $15,000 | $15,000 | $15,000 | $90,000 | $90,000 |
| Credit Application Incomplete | 1 | $231,000 | $231,000 | $231,000 | $186,000 | $186,000 |
| Employment History | 1 | $101,000 | $101,000 | $101,000 | $23,000 | $23,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 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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