In 2011, lenders reported 3,301 mortgage applications in San German-Cabo Rojo, PR metro area totaling $313.8 million, up 23% from 2010. The average application was for $95,048, and applicants reported an average income of $47,000. 46% of applications resulted in an originated loan and 26% were denied. The most active lender was Popular Mortgage, Inc., with 1,152 applications, followed by Banco Popular and Scotiabank De Puerto Rico.
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| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 3,301 |
| Total Mortgage Loan Application Amount | $313,756,000 |
| Average Mortgage Loan Application Amount | $95,048 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $47,000 |
| Highest Applicant Income | $3,120,000 |
| 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 | 1,152 | $ 145,704,000 |
| Banco Popular PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 29,371,000,000 | 688 | $ 6,313,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 6,920,242,000 | 331 | $ 32,723,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 7,168,817,000 | 179 | $ 22,687,000 |
| Banco Santander Puerto Rico P O BOX 362589, SAN JUAN, PR 00936 |
* | $ 6,987,029,000 | 179 | $ 16,315,000 |
| Firstbank PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 14,100,472,000 | 124 | $ 16,640,000 |
| Doral Mortgage LLC DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV SAN JUAN, PR 00921 |
* | $ 11,855,073,000 | 120 | $ 12,869,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 100 | $ 14,337,000 |
| Santander Financial Services P.O. BOX 71504 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 55 | $ 4,189,000 |
| Banco Bilbao Vizcaya Argentari 254 MU?OZ RIVERA AVE., SAN JUAN, PR 00936 |
* | $ 4,908,249,000 | 48 | $ 7,077,000 |
| Finance of America Reverse LLC 8023 EAST 63RD PLACE, SUITE 700 TULSA, OK 74133 |
* | $ 3,125,000 | 36 | $ 3,080,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ 10,000,000 | 34 | $ 3,216,000 |
| Express Solution Mortgage Corp 1606 PONCE DE LEON AVE. SUITE L-06 SAN JUAN, PR 00909 |
* | $ 15,000,000 | 29 | $ 3,166,000 |
| Vig Mortgage 1225 PONCE DE LEON VIG TOWER SUITE B-J SAN JUAN, PR 00907 |
* | $ 789,772,000 | 24 | $ 3,386,000 |
| Cooperativa A/C Cabo Rojo PR 100 KM. 7.0 BO.MIRADERO CABO ROJO, PR 00623 |
* | $ 10,000,000 | 24 | $ 1,633,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 1,444,690,000 | 22 | $ 3,734,000 |
| Trust Mortgage Corp. EDIFI EMILIO BACARDI SUITE 101A CALLE JUNIN PARK GARDENS SAN JUAN, PR 00923 |
* | $ 279,615,000 | 16 | $ 1,647,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 15 | $ 1,399,000 |
| Aaa Concordia Mortgage Corp RR-37 BOX 1837 SAN JUAN, PR 00926 |
* | $ 10,000,000 | 14 | $ 1,850,000 |
| San Rafael Coop CALLE RAFAEL RODR+¡GUEZ, CANAL 1 URB. AVI QUEBRADILLAS, PR 00678 |
* | $ 137,000,000 | 9 | $ 571,000 |
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ 10,000,000 | 8 | $ 698,000 |
| Cooperativa De A/C Isabela 21 CALLE BARBOSA SUITE 1 ISABELA, PR 00662 |
* | $ 10,000,000 | 8 | $ 1,128,000 |
| Advance Mortgage Bankers, Inc. P.O. BOX 50286 TOA BAJA, PR 00950 |
* | $ 15,555,000 | 8 | $ 1,079,000 |
| Aeela Mortgage PO BOX 71502 SAN JUAN, PR 00936 |
* | $ 1,000,000,000 | 6 | $ 549,000 |
| Jr Mortgage Home 2979 EMILIO FAGOT AVE. SUITE 1 PONCE, PR 00716 |
* | $ 1,395,899,000 | 5 | $ 618,000 |
| Hispania Mortgage AVE. DEGETAU A-14 BONNEVILLE TERRACE CAGUAS, PR 00725 |
* | $ 947,000 | 5 | $ 566,000 |
| First Security Mortgage, Inc. 97 DE DIEGO AVE. SAN FRANCISCO SAN JUAN, PR 00929 |
* | $ 10,000,000 | 5 | $ 676,000 |
| Sun West Mortgage Company, Inc 18000 STUDEBAKER ROAD, SUITE 200 CERRITOS, CA 90703 |
* | $ 10,000,000 | 5 | $ 581,000 |
| Cooperativa De Mayaguez PO BOX 416 MAYAGUEZ, PR 00680 |
* | $ 49,000,000 | 4 | $ 399,000 |
| Metro Island Mortgage VILLA NEVAREZ PROF. CENTER SUITE 201 RIO PIEDRAS, PR 00927 |
* | $ 10,000,000 | 4 | $ 430,000 |
| Latin American Financlal 1700 JESUS T. PINERO AVE 2ND FL STE 26 SAN JUAN, PR 00921 |
* | $ 10,000,000 | 4 | $ 389,000 |
| Hr Mortgage Corp M11 CALLE ROBLE, VILLA TURABO CAGUAS, PR 00725 |
* | $ 10,000,000 | 4 | $ 396,000 |
| Emi Equity Mortgage, Inc. 1651 PONCE DE LEON AVE, SUITE 102 SAN JUAN, PR 00909 |
* | $ 10,000,000 | 4 | $ 390,000 |
| Cooperativa De A\C Oriental PO BOX 876 HUMACAO, PR 00791 |
* | $ 155,431,000 | 3 | $ 254,000 |
| Actual Mortgage Bankers PO BOX 2808 BAYAMON, PR 00960 |
* | $ 10,000,000 | 3 | $ 301,000 |
| Home Mortgage Bankers AVE. SANCHEZ OSORIO 3BS-5 VIA 60 VILLA F CAROLINA, PR 00983 |
* | $ 10,000,000 | 3 | $ 290,000 |
| Top Mortgage Bankers PONCE DE LEON AVE. 1913 SANTURCE, PR 00607 |
* | $ 100,000,000 | 3 | $ 325,000 |
| First Equity Mortgage Bankers Inc. 9300 S DADELAND BLVD STE 500 MIAMI, FL 33156 |
* | $ 10,000,000 | 3 | $ 371,000 |
| Generation Mortgage Company 3565 PIEDMONT ROAD, NE STE. 300 ATLANTA, GA 30305 |
* | $ 73,926,000 | 3 | $ 273,000 |
| Multiples Mortgage Corp. 761 AVE. LUIS MUNOZ RIVERA, SAN JUAN, PR 00918 |
* | $ 10,000,000 | 2 | $ 286,000 |
| The Lending Center Corporation G-8 ONEILL STREET SAN JUAN, PR 00918 |
* | $ 525,000 | 2 | $ 185,000 |
| Rf Mortgage & Investment Corp PO BOX 361309 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 2 | $ 270,000 |
| Vegacoop APARTADO 1078 VEGA ALTA, PR 00692 |
* | $ 262,934,000 | 2 | $ 274,000 |
| Cooperativa De Ahorro Y Credito De Camuy 300 AVE. BALTAZAR JIMENEZ MENDEZ CAMUY, PR 00627 |
* | $ 10,000,000 | 2 | $ 128,000 |
| Cooperativa De Ac Saulo De Rod APTDO 678, #54 CALLE SAN JOSE GURABO, PR 00778 |
* | $ 10,000,000 | 1 | $ 37,000 |
| Cooperativa De Ahorro Y Crn++Dito Dr. Manuel Zeno Gandn++A PO BOX 1865 ARECIBO, PR 00613 |
* | $ 222,466,000 | 1 | $ 138,000 |
| Reliable Financial Services 100 N MAIN STREET MAC D4001-063 WINSTON-SALEM, NC 27150 |
* | $ 481,996,000 | 1 | $ 93,000 |
| World Mortgage Bankers 1108 AVE. ROOSEVELT SAN JUAN, PR 00920 |
* | $ 10,000,000 | 1 | $ 96,000 |
The tables below break down 2011 mortgage applications in San German-Cabo Rojo, PR metro area 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 | 1,541 | $198,012,000 | $128,000 | $1,000,000 | $53,000 | $800,000 |
| Refinancing | 886 | $101,463,000 | $114,000 | $510,000 | $50,000 | $453,000 |
| Home Improvement | 874 | $14,281,000 | $16,000 | $430,000 | $32,000 | $3,120,000 |
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 | 3,027 | $283,917,000 | $93,000 | $1,000,000 | $48,000 | $583,000 |
| Not applicable | 216 | $24,986,000 | $115,000 | $394,000 | $9,000 | $154,000 |
| White | 27 | $2,869,000 | $106,000 | $304,000 | $56,000 | $133,000 |
| Not Provided | 24 | $976,000 | $40,000 | $140,000 | $187,000 | $3,120,000 |
| Black or African American | 4 | $618,000 | $154,000 | $165,000 | $153,000 | $222,000 |
| Asian | 3 | $390,000 | $130,000 | $150,000 | $43,000 | $54,000 |
| 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) | 2,288 | $195,460,000 | $85,000 | $1,000,000 | $52,000 | $3,120,000 |
| FHA-insured (Federal Housing Administration) | 533 | $58,122,000 | $109,000 | $274,000 | $33,000 | $137,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 364 | $43,355,000 | $119,000 | $517,000 | $31,000 | $73,000 |
| VA-guaranteed (Veterans Administration) | 116 | $16,819,000 | $144,000 | $430,000 | $45,000 | $272,000 |
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 | 1,531 | $145,514,000 | $95,000 | $430,000 | $49,000 | $434,000 |
| Application Denied By Financial Institution | 850 | $56,958,000 | $67,000 | $685,000 | $37,000 | $453,000 |
| Application Withdrawn By Applicant | 386 | $46,758,000 | $121,000 | $600,000 | $57,000 | $800,000 |
| Loan Purchased By The Institution | 304 | $36,053,000 | $118,000 | $394,000 | $25,000 | $349,000 |
| Application Approved But Not Accepted | 119 | $15,682,000 | $131,000 | $1,000,000 | $63,000 | $568,000 |
| File Closed For Incompleteness | 111 | $12,791,000 | $115,000 | $480,000 | $93,000 | $3,120,000 |
| 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 | 41 | $3,635,000 | $88,000 | $375,000 | $42,000 | $333,000 |
| Collateral | 32 | $3,935,000 | $122,000 | $321,000 | $66,000 | $453,000 |
| Debt-To-Income Ratio | 27 | $3,095,000 | $114,000 | $417,000 | $34,000 | $350,000 |
| Other | 6 | $1,073,000 | $178,000 | $369,000 | $61,000 | $120,000 |
| Unverifiable Information | 4 | $450,000 | $112,000 | $175,000 | $33,000 | $42,000 |
| Employment History | 4 | $444,000 | $111,000 | $132,000 | $42,000 | $64,000 |
| Credit Application Incomplete | 3 | $409,000 | $136,000 | $160,000 | $50,000 | $81,000 |
| 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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