San Juan Municipio, PR Mortgage Lenders & HMDA Data, 2022
In 2022, lenders reported 3,747 mortgage applications in San Juan Municipio, PR totaling $775.1 million, down 29% from 2021. The average application was for $206,000, and applicants reported an average income of $118,000. 53% of applications resulted in an originated loan and 17% were denied. The most active lender was Banco Popular, with 844 applications, followed by Firstbank and Oriental 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 | 3,747 |
| Total Mortgage Loan Application Amount | $775,085,000 |
| Average Mortgage Loan Application Amount | $206,000 |
| Highest Mortgage Loan Application Amount | $4,005,000 |
| Average Applicant Income | $118,000 |
| Highest Applicant Income | $8,501,000 |
Top Mortgage Lenders in San Juan Municipio, PR (2022)
Ranked by the number of mortgage applications each lender reported in San Juan Municipio, PR in 2022.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Banco Popular San Juan, PR |
844 | $216,360,000 | $256,000 | $175,000 |
| 2 | Firstbank San Juan, PR |
502 | $106,710,000 | $212,000 | $127,000 |
| 3 | Oriental Bank San Juan, PR |
333 | $64,615,000 | $194,000 | $110,000 |
| 4 | The Moneyhouse Inc. San Juan, PR |
303 | $45,125,000 | $148,000 | $72,000 |
| 5 | First Equity Mortgage Bankers Inc. Miami, FL |
294 | $53,450,000 | $181,000 | $88,000 |
| 6 | Sun West Mortgage Company, Inc Cerritos, CA |
138 | $29,770,000 | $215,000 | $94,000 |
| 7 | Pentagon Federal Credit Union Omaha, NE |
127 | $31,675,000 | $249,000 | $133,000 |
| 8 | Capital Mortgage San Juan, PR |
122 | $28,680,000 | $235,000 | $207,000 |
| 9 | Home Mortgage Bankers Carolina, PR |
100 | $12,650,000 | $126,000 | $50,000 |
| 10 | Metro Island Mortgage Rio Piedras, PR |
93 | $12,695,000 | $136,000 | $59,000 |
The tables below break down 2022 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 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 | 2,885 | $564,755,000 | $195,000 | $4,005,000 | $106,000 | $5,100,000 |
| Cash-out Refinancing | 375 | $107,395,000 | $286,000 | $3,245,000 | $186,000 | $8,501,000 |
| Refinancing | 317 | $63,815,000 | $201,000 | $2,755,000 | $113,000 | $1,373,000 |
| Not Applicable | 96 | $6,590,000 | $68,000 | $335,000 | $0 | $0 |
| Other Purpose | 44 | $16,210,000 | $368,000 | $2,965,000 | $226,000 | $1,593,000 |
| Home Improvement | 30 | $16,320,000 | $544,000 | $3,265,000 | $258,000 | $1,593,000 |
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 | 2,914 | $534,790,000 | $183,000 | $3,005,000 | $100,000 | $3,504,000 |
| Not applicable | 478 | $98,290,000 | $205,000 | $3,265,000 | $67,000 | $67,000 |
| White | 231 | $94,025,000 | $407,000 | $3,255,000 | $284,000 | $8,501,000 |
| Not Provided | 81 | $33,115,000 | $408,000 | $4,005,000 | $240,000 | $5,100,000 |
| Black or African American | 21 | $4,635,000 | $220,000 | $1,285,000 | $108,000 | $639,000 |
| Asian | 18 | $8,620,000 | $478,000 | $1,875,000 | $238,000 | $735,000 |
| American Indian or Alaskan Native | 1 | $25,000 | $25,000 | $25,000 | $14,000 | $14,000 |
| 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) | 2,212 | $545,230,000 | $246,000 | $4,005,000 | $152,000 | $8,501,000 |
| FHA-insured (Federal Housing Administration) | 1,399 | $199,685,000 | $142,000 | $425,000 | $57,000 | $328,000 |
| VA-guaranteed (Veterans Administration) | 131 | $29,595,000 | $225,000 | $1,855,000 | $88,000 | $575,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $575,000 | $115,000 | $185,000 | $33,000 | $45,000 |
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 | 1,995 | $419,465,000 | $210,000 | $4,005,000 | $119,000 | $2,327,000 |
| Application Denied By Financial Institution | 647 | $118,195,000 | $182,000 | $3,005,000 | $80,000 | $1,691,000 |
| Loan Purchased By The Institution | 474 | $83,690,000 | $176,000 | $1,855,000 | $58,000 | $218,000 |
| Application Withdrawn By Applicant | 384 | $92,420,000 | $240,000 | $4,005,000 | $139,000 | $5,100,000 |
| File Closed For Incompleteness | 125 | $35,195,000 | $281,000 | $3,245,000 | $257,000 | $8,501,000 |
| Application Approved But Not Accepted | 122 | $26,120,000 | $214,000 | $965,000 | $102,000 | $712,000 |
| 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 | 3,099 | $656,845,000 | $211,000 | $4,005,000 | $127,000 | $8,501,000 |
| Collateral | 339 | $52,655,000 | $155,000 | $645,000 | $76,000 | $480,000 |
| Debt-To-Income Ratio | 135 | $31,395,000 | $232,000 | $3,005,000 | $73,000 | $1,206,000 |
| Other | 59 | $10,325,000 | $175,000 | $675,000 | $89,000 | $360,000 |
| Credit History | 45 | $7,845,000 | $174,000 | $415,000 | $68,000 | $187,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 25 | $4,025,000 | $161,000 | $605,000 | $76,000 | $441,000 |
| Unverifiable Information | 17 | $4,425,000 | $260,000 | $1,085,000 | $97,000 | $413,000 |
| Employment History | 17 | $2,985,000 | $175,000 | $865,000 | $163,000 | $1,691,000 |
| Mortgage Insurance Denied | 6 | $2,740,000 | $456,000 | $1,875,000 | $107,000 | $299,000 |
| Credit Application Incomplete | 5 | $1,845,000 | $369,000 | $615,000 | $175,000 | $431,000 |
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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