San German-Cabo Rojo, PR Metro Area Mortgage Lenders & HMDA Data, 2023
In 2023, lenders reported 689 mortgage applications in San German-Cabo Rojo, PR metro area totaling $96.4 million, down 23% from 2022. The average application was for $139,963, and applicants reported an average income of $78,994. 60% of applications resulted in an originated loan and 16% were denied. The most active lender was Banco Popular, with 232 applications, followed by Firstbank and Oriental Bank.
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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 | 689 |
| Total Mortgage Loan Application Amount | $96,435,000 |
| Average Mortgage Loan Application Amount | $139,963 |
| Highest Mortgage Loan Application Amount | $1,005,000 |
| Average Applicant Income | $78,994 |
| Highest Applicant Income | $626,000 |
Top Mortgage Lenders in San German-Cabo Rojo, PR Metro Area (2023)
Ranked by the number of mortgage applications each lender reported in San German-Cabo Rojo, PR metro area in 2023.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Banco Popular San Juan, PR |
232 | $34,400,000 | $148,000 | $88,000 |
| 2 | Firstbank San Juan, PR |
76 | $9,510,000 | $125,000 | $77,000 |
| 3 | Oriental Bank San Juan, PR |
63 | $7,505,000 | $119,000 | $84,000 |
| 4 | The Moneyhouse Inc. San Juan, PR |
61 | $9,825,000 | $161,000 | $49,000 |
| 5 | Cooperativa De Ahorroy Credito Rincon, PR |
55 | $6,925,000 | $125,000 | $65,000 |
| 6 | Sun West Mortgage Company, Inc Cerritos, CA |
34 | $4,290,000 | $126,000 | $55,000 |
| 7 | Pentagon Federal Credit Union Omaha, NE |
18 | $4,110,000 | $228,000 | $94,000 |
| 8 | Capital Mortgage San Juan, PR |
17 | $1,825,000 | $107,000 | $54,000 |
| 9 | First Equity Mortgage Bankers Inc. Miami, FL |
16 | $2,080,000 | $130,000 | $70,000 |
| 10 | San Rafael Coop Quebradillas, PR |
12 | $1,300,000 | $108,000 | $56,000 |
See every lender active in San German-Cabo Rojo, PR metro area in 2023 »
The tables below break down 2023 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 2023
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 | 589 | $82,985,000 | $140,000 | $725,000 | $77,000 | $626,000 |
| Cash-out Refinancing | 52 | $8,350,000 | $160,000 | $1,005,000 | $90,000 | $436,000 |
| Refinancing | 17 | $2,185,000 | $128,000 | $455,000 | $79,000 | $314,000 |
| Other Purpose | 14 | $1,580,000 | $112,000 | $245,000 | $97,000 | $426,000 |
| Not Applicable | 12 | $950,000 | $79,000 | $175,000 | $0 | $0 |
| Home Improvement | 5 | $385,000 | $77,000 | $135,000 | $97,000 | $121,000 |
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 | 588 | $80,640,000 | $137,000 | $1,005,000 | $75,000 | $626,000 |
| Not applicable | 48 | $5,790,000 | $120,000 | $395,000 | $0 | $0 |
| White | 27 | $5,465,000 | $202,000 | $465,000 | $137,000 | $435,000 |
| Not Provided | 23 | $4,125,000 | $179,000 | $725,000 | $97,000 | $426,000 |
| Black or African American | 3 | $415,000 | $138,000 | $195,000 | $79,000 | $150,000 |
| 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) | 336 | $45,780,000 | $136,000 | $1,005,000 | $98,000 | $626,000 |
| FHA-insured (Federal Housing Administration) | 208 | $29,180,000 | $140,000 | $635,000 | $57,000 | $229,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 95 | $11,855,000 | $124,000 | $415,000 | $46,000 | $117,000 |
| VA-guaranteed (Veterans Administration) | 50 | $9,620,000 | $192,000 | $395,000 | $86,000 | $275,000 |
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 | 415 | $59,485,000 | $143,000 | $725,000 | $80,000 | $626,000 |
| Application Denied By Financial Institution | 111 | $14,845,000 | $133,000 | $365,000 | $74,000 | $401,000 |
| Application Withdrawn By Applicant | 78 | $10,620,000 | $136,000 | $465,000 | $78,000 | $426,000 |
| Loan Purchased By The Institution | 49 | $6,425,000 | $131,000 | $635,000 | $0 | $0 |
| Application Approved But Not Accepted | 19 | $2,395,000 | $126,000 | $275,000 | $80,000 | $212,000 |
| File Closed For Incompleteness | 16 | $2,520,000 | $157,000 | $1,005,000 | $90,000 | $436,000 |
| Preapproval Denied by Financial Institution | 1 | $145,000 | $145,000 | $145,000 | $84,000 | $84,000 |
| Preapproval Approved but not Accepted | 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 | 576 | $81,320,000 | $141,000 | $1,005,000 | $80,000 | $626,000 |
| Collateral | 44 | $7,060,000 | $160,000 | $365,000 | $95,000 | $401,000 |
| Debt-To-Income Ratio | 25 | $2,755,000 | $110,000 | $225,000 | $46,000 | $174,000 |
| Other | 15 | $1,995,000 | $133,000 | $335,000 | $82,000 | $198,000 |
| Credit History | 10 | $1,220,000 | $122,000 | $195,000 | $59,000 | $117,000 |
| Unverifiable Information | 7 | $865,000 | $123,000 | $225,000 | $92,000 | $353,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $435,000 | $87,000 | $135,000 | $50,000 | $114,000 |
| Employment History | 4 | $560,000 | $140,000 | $205,000 | $54,000 | $137,000 |
| Credit Application Incomplete | 2 | $130,000 | $65,000 | $95,000 | $27,000 | $32,000 |
| Mortgage Insurance Denied | 1 | $95,000 | $95,000 | $95,000 | $29,000 | $29,000 |
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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