Sabana Grande Municipio, PR Mortgage Lenders & HMDA Data, 2022

In 2022, lenders reported 89 mortgage applications in Sabana Grande Municipio, PR totaling $8.0 million, down 36% from 2021. The average application was for $90,000, and applicants reported an average income of $42,000. 49% of applications resulted in an originated loan and 19% were denied. The most active lender was Banco Popular, with 19 applications, followed by Oriental Bank and The Moneyhouse 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 89
Total Mortgage Loan Application Amount $8,035,000
Average Mortgage Loan Application Amount $90,000
Highest Mortgage Loan Application Amount $205,000
Average Applicant Income $42,000
Highest Applicant Income $148,000
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Top Mortgage Lenders in Sabana Grande Municipio, PR (2022)

Ranked by the number of mortgage applications each lender reported in Sabana Grande Municipio, PR in 2022.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Banco Popular
San Juan, PR
19 $1,645,000 $86,000 $54,000
2 Oriental Bank
San Juan, PR
14 $1,170,000 $83,000 $41,000
3 The Moneyhouse Inc.
San Juan, PR
13 $1,325,000 $101,000 $33,000
4 Firstbank
San Juan, PR
12 $1,270,000 $105,000 $44,000
5 Sun West Mortgage Company, Inc
Cerritos, CA
5 $635,000 $127,000 $40,000
6 Cooperativa De Ahorroy Credito
Rincon, PR
4 $250,000 $62,000 $38,000
7 First Equity Mortgage Bankers Inc.
Miami, FL
4 $340,000 $85,000 $38,000
8 Trust Mortgage Corp.
San Juan, PR
3 $255,000 $85,000 $31,000
9 San Rafael Coop
Quebradillas, PR
3 $275,000 $91,000 $44,000
10 Vig Mortgage
San Juan, PR
2 $160,000 $80,000 $40,000

See every lender active in Sabana Grande Municipio, PR in 2022 »

The tables below break down 2022 mortgage applications in Sabana 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 Sabana Grande 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 74 $6,960,000 $94,000 $205,000 $43,000 $148,000
Not Applicable 6 $300,000 $50,000 $85,000 $0 $0
Cash-out Refinancing 5 $425,000 $85,000 $135,000 $36,000 $55,000
Refinancing 4 $350,000 $87,000 $95,000 $33,000 $49,000
Home Improvement 0 $0 $0 $0 $0 $0
Other Purpose 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 70 $6,460,000 $92,000 $205,000 $41,000 $148,000
Not applicable 14 $1,000,000 $71,000 $115,000 $0 $0
Not Provided 2 $260,000 $130,000 $165,000 $46,000 $66,000
White 2 $150,000 $75,000 $95,000 $47,000 $70,000
Black or African American 1 $165,000 $165,000 $165,000 $71,000 $71,000
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
FHA-insured (Federal Housing Administration) 29 $2,555,000 $88,000 $205,000 $42,000 $148,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 28 $2,460,000 $87,000 $165,000 $45,000 $106,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 26 $2,370,000 $91,000 $135,000 $36,000 $70,000
VA-guaranteed (Veterans Administration) 6 $650,000 $108,000 $145,000 $51,000 $80,000

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 44 $3,970,000 $90,000 $205,000 $40,000 $148,000
Application Denied By Financial Institution 17 $1,875,000 $110,000 $165,000 $42,000 $98,000
Loan Purchased By The Institution 14 $1,000,000 $71,000 $115,000 $0 $0
Application Withdrawn By Applicant 10 $720,000 $72,000 $135,000 $39,000 $70,000
File Closed For Incompleteness 2 $210,000 $105,000 $135,000 $52,000 $80,000
Application Approved But Not Accepted 2 $260,000 $130,000 $165,000 $86,000 $106,000
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 72 $6,160,000 $85,000 $205,000 $42,000 $148,000
Collateral 8 $850,000 $106,000 $165,000 $45,000 $98,000
Debt-To-Income Ratio 6 $650,000 $108,000 $165,000 $39,000 $71,000
Other 1 $135,000 $135,000 $135,000 $41,000 $41,000
Unverifiable Information 1 $95,000 $95,000 $95,000 $37,000 $37,000
Insufficient Cash (Downpayment, Closing Cost) 1 $145,000 $145,000 $145,000 $52,000 $52,000
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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