San German-Cabo Rojo, PR Metro Area Mortgage Lenders & HMDA Data, 2015
In 2015, lenders reported 2,055 mortgage applications in San German-Cabo Rojo, PR metro area totaling $156.0 million, down 15% from 2014. The average application was for $75,909, and applicants reported an average income of $45,000. 51% of applications resulted in an originated loan and 27% were denied. The most active lender was Banco Popular, with 1,131 applications, followed by Oriental Bank 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 | 2,055 |
| Total Mortgage Loan Application Amount | $155,994,000 |
| Average Mortgage Loan Application Amount | $75,909 |
| Highest Mortgage Loan Application Amount | $3,745,000 |
| Average Applicant Income | $45,000 |
| Highest Applicant Income | $3,488,000 |
Top Mortgage Lenders in San German-Cabo Rojo, PR Metro Area (2015)
Ranked by the number of mortgage applications each lender reported in San German-Cabo Rojo, PR metro area in 2015.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Banco Popular San Juan, PR |
1,131 | $69,342,000 | $61,000 | $37,000 |
| 2 | Oriental Bank San Juan, PR |
297 | $20,944,000 | $70,000 | $49,000 |
| 3 | Scotiabank De Puerto Rico San Juan, PR |
146 | $13,647,000 | $93,000 | $60,000 |
| 4 | Firstbank San Juan, PR |
127 | $14,324,000 | $112,000 | $42,000 |
| 5 | Banco Santander Puerto Rico San Juan, PR |
65 | $4,384,000 | $67,000 | $46,000 |
| 6 | Cooperativa A/C Cabo Rojo Cabo Rojo, PR |
34 | $4,102,000 | $120,000 | $75,000 |
| 7 | Santander Financial Services San Juan, PR |
31 | $2,200,000 | $70,000 | $27,000 |
| 8 | Sun West Mortgage Company, Inc Cerritos, CA |
28 | $3,597,000 | $128,000 | $47,000 |
| 9 | Baxter Credit Union 340 N Milwaukee Ave, IL |
22 | $2,369,000 | $107,000 | $65,000 |
| 10 | Express Solution Mortgage Corp San Juan, PR |
19 | $2,046,000 | $107,000 | $58,000 |
See every lender active in San German-Cabo Rojo, PR metro area in 2015 »
The tables below break down 2015 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.
Mortgage Loan Application Detail Totals for San German-Cabo Rojo, PR in 2015
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 Improvement | 770 | $11,468,000 | $14,000 | $353,000 | $29,000 | $300,000 |
| Home Purchase | 672 | $75,463,000 | $112,000 | $440,000 | $58,000 | $2,004,000 |
| Refinancing | 613 | $69,063,000 | $112,000 | $3,745,000 | $51,000 | $3,488,000 |
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 | 1,938 | $143,156,000 | $73,000 | $3,745,000 | $45,000 | $3,488,000 |
| Not applicable | 74 | $7,517,000 | $101,000 | $221,000 | $16,000 | $216,000 |
| White | 31 | $4,513,000 | $145,000 | $417,000 | $90,000 | $234,000 |
| Not Provided | 9 | $502,000 | $55,000 | $182,000 | $30,000 | $45,000 |
| Black or African American | 3 | $306,000 | $102,000 | $136,000 | $131,000 | $192,000 |
| 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) | 1,389 | $81,499,000 | $58,000 | $3,745,000 | $51,000 | $3,488,000 |
| FHA-insured (Federal Housing Administration) | 381 | $40,231,000 | $105,000 | $337,000 | $34,000 | $1,000,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 170 | $17,561,000 | $103,000 | $218,000 | $28,000 | $67,000 |
| VA-guaranteed (Veterans Administration) | 115 | $16,703,000 | $145,000 | $705,000 | $41,000 | $201,000 |
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 | 1,045 | $80,519,000 | $77,000 | $440,000 | $46,000 | $828,000 |
| Application Denied By Financial Institution | 560 | $31,914,000 | $56,000 | $3,745,000 | $37,000 | $3,488,000 |
| Application Withdrawn By Applicant | 221 | $23,476,000 | $106,000 | $705,000 | $56,000 | $1,000,000 |
| Loan Purchased By The Institution | 86 | $8,742,000 | $101,000 | $303,000 | $19,000 | $216,000 |
| Application Approved But Not Accepted | 83 | $4,613,000 | $55,000 | $238,000 | $49,000 | $828,000 |
| File Closed For Incompleteness | 60 | $6,730,000 | $112,000 | $450,000 | $94,000 | $2,004,000 |
| 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 | 42 | $7,056,000 | $168,000 | $3,745,000 | $123,000 | $3,488,000 |
| Debt-To-Income Ratio | 22 | $2,526,000 | $114,000 | $234,000 | $34,000 | $86,000 |
| Collateral | 16 | $1,574,000 | $98,000 | $215,000 | $36,000 | $81,000 |
| Other | 14 | $1,592,000 | $113,000 | $417,000 | $40,000 | $109,000 |
| Credit Application Incomplete | 2 | $221,000 | $110,000 | $133,000 | $56,000 | $88,000 |
| Unverifiable Information | 1 | $162,000 | $162,000 | $162,000 | $22,000 | $22,000 |
| Employment History | 1 | $112,000 | $112,000 | $112,000 | $15,000 | $15,000 |
| Mortgage Insurance Denied | 1 | $141,000 | $141,000 | $141,000 | $68,000 | $68,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 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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