San Juan Municipio, PR Mortgage Lenders & HMDA Data, 2004
In 2004, lenders reported 27,091 mortgage applications in San Juan Municipio, PR totaling $3.8 billion, down 11% from 2003. The average application was for $141,000, and applicants reported an average income of $72,000. 50% of applications resulted in an originated loan and 14% were denied. The most active lender was Firstbank Puerto Rico, with 2,741 applications, followed by Doral Mortgage Corp. and Doral Bank.
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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 | 27,091 |
| Total Mortgage Loan Application Amount | $3,824,592,000 |
| Average Mortgage Loan Application Amount | $141,000 |
| Highest Mortgage Loan Application Amount | $20,000,000 |
| Average Applicant Income | $72,000 |
| Highest Applicant Income | $7,000,000 |
Top Mortgage Lenders in San Juan Municipio, PR (2004)
Ranked by the number of mortgage applications each lender reported in San Juan Municipio, PR in 2004.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Firstbank Puerto Rico Santurce, PR |
2,741 | $396,485,000 | $144,000 | $57,000 |
| 2 | Doral Mortgage Corp. San Juan, PR |
2,709 | $288,292,000 | $106,000 | $105,000 |
| 3 | Doral Bank San Juan, PR |
2,673 | $461,476,000 | $172,000 | $105,000 |
| 4 | Banco Popular De Puerto Rico San Juan, PR |
2,458 | $214,554,000 | $87,000 | $42,000 |
| 5 | R & G Mortgage Corporation San Juan, PR |
2,063 | $234,415,000 | $113,000 | $56,000 |
| 6 | Hf Mortgage Bankers 1451 Roosevelt Ave S.J., PR |
1,966 | $285,281,000 | $145,000 | $73,000 |
| 7 | Popular Mortgage, Inc. San Juan, PR |
1,812 | $387,631,000 | $213,000 | $76,000 |
| 8 | Banco Santander San Juan, PR |
1,720 | $277,803,000 | $161,000 | $28,000 |
| 9 | R-G Premier Bank of P.R. Guaynabo, PR |
1,405 | $226,773,000 | $161,000 | $102,000 |
| 10 | Citibank, N.A. New York, NY |
1,106 | $109,478,000 | $98,000 | $69,000 |
The tables below break down 2004 mortgage applications in San Juan 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 San Juan Municipio, PR in 2004
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 |
|---|---|---|---|---|---|---|
| Refinancing | 12,824 | $1,928,594,000 | $150,000 | $20,000,000 | $75,000 | $7,000,000 |
| Home Purchase | 9,909 | $1,704,717,000 | $172,000 | $15,000,000 | $75,000 | $5,000,000 |
| Home Improvement | 4,358 | $191,281,000 | $43,000 | $1,500,000 | $60,000 | $1,032,000 |
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 | 19,164 | $2,500,066,000 | $130,000 | $15,000,000 | $62,000 | $7,000,000 |
| Not applicable | 6,189 | $1,099,957,000 | $177,000 | $20,000,000 | $100,000 | $2,000,000 |
| Not Provided | 1,326 | $146,979,000 | $110,000 | $1,680,000 | $77,000 | $1,230,000 |
| White | 319 | $61,615,000 | $193,000 | $1,970,000 | $113,000 | $1,380,000 |
| American Indian or Alaskan Native | 30 | $5,956,000 | $198,000 | $800,000 | $84,000 | $321,000 |
| Asian | 29 | $4,998,000 | $172,000 | $669,000 | $69,000 | $295,000 |
| Black or African American | 25 | $3,085,000 | $123,000 | $406,000 | $68,000 | $230,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $1,936,000 | $215,000 | $400,000 | $92,000 | $218,000 |
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) | 25,711 | $3,676,215,000 | $142,000 | $20,000,000 | $80,000 | $7,000,000 |
| FHA-insured (Federal Housing Administration) | 1,284 | $136,107,000 | $106,000 | $242,000 | $34,000 | $475,000 |
| VA-guaranteed (Veterans Administration) | 68 | $8,622,000 | $126,000 | $323,000 | $42,000 | $161,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 28 | $3,648,000 | $130,000 | $437,000 | $37,000 | $127,000 |
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 | 13,614 | $1,980,925,000 | $145,000 | $20,000,000 | $85,000 | $7,000,000 |
| Loan Purchased By The Institution | 6,616 | $1,129,578,000 | $170,000 | $8,460,000 | $32,000 | $2,000,000 |
| Application Denied By Financial Institution | 3,658 | $256,886,000 | $70,000 | $2,000,000 | $57,000 | $1,322,000 |
| Application Withdrawn By Applicant | 1,590 | $240,529,000 | $151,000 | $4,500,000 | $74,000 | $1,014,000 |
| File Closed For Incompleteness | 877 | $112,917,000 | $128,000 | $2,041,000 | $95,000 | $1,874,000 |
| Application Approved But Not Accepted | 736 | $103,757,000 | $140,000 | $15,000,000 | $73,000 | $611,000 |
| 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 | 1,010 | $75,180,000 | $74,000 | $944,000 | $55,000 | $1,322,000 |
| Debt-To-Income Ratio | 359 | $26,218,000 | $73,000 | $811,000 | $43,000 | $403,000 |
| Collateral | 333 | $29,043,000 | $87,000 | $2,000,000 | $61,000 | $995,000 |
| Other | 282 | $26,393,000 | $93,000 | $720,000 | $67,000 | $1,000,000 |
| Credit Application Incomplete | 89 | $13,903,000 | $156,000 | $1,800,000 | $114,000 | $663,000 |
| Employment History | 68 | $5,530,000 | $81,000 | $356,000 | $28,000 | $120,000 |
| Mortgage Insurance Denied | 62 | $9,877,000 | $159,000 | $1,120,000 | $50,000 | $434,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 42 | $3,702,000 | $88,000 | $257,000 | $40,000 | $138,000 |
| Unverifiable Information | 5 | $418,000 | $83,000 | $128,000 | $36,000 | $66,000 |
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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