San Sebastian Municipio, PR Mortgage Lenders & HMDA Data, 2021
In 2021, lenders reported 264 mortgage applications in San Sebastian Municipio, PR totaling $30.2 million, up 19% from 2020. The average application was for $114,000, and applicants reported an average income of $48,000. 59% of applications resulted in an originated loan and 14% were denied. The most active lender was Firstbank, with 72 applications, followed by Banco Popular 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 | 264 |
| Total Mortgage Loan Application Amount | $30,160,000 |
| Average Mortgage Loan Application Amount | $114,000 |
| Highest Mortgage Loan Application Amount | $545,000 |
| Average Applicant Income | $48,000 |
| Highest Applicant Income | $340,000 |
Top Mortgage Lenders in San Sebastian Municipio, PR (2021)
Ranked by the number of mortgage applications each lender reported in San Sebastian Municipio, PR in 2021.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Firstbank San Juan, PR |
72 | $7,960,000 | $110,000 | $44,000 |
| 2 | Banco Popular San Juan, PR |
56 | $6,710,000 | $119,000 | $56,000 |
| 3 | Oriental Bank San Juan, PR |
27 | $2,625,000 | $97,000 | $50,000 |
| 4 | Cooperativa De Ahorroy Credito Rincon, PR |
13 | $1,275,000 | $98,000 | $44,000 |
| 5 | Sun West Mortgage Company, Inc Cerritos, CA |
13 | $2,035,000 | $156,000 | $59,000 |
| 6 | The Moneyhouse Inc. San Juan, PR |
13 | $1,635,000 | $125,000 | $19,000 |
| 7 | First Equity Mortgage Bankers Inc. Miami, FL |
8 | $920,000 | $115,000 | $38,000 |
| 8 | Preferred Mortgage LLC San Juan, PR |
8 | $860,000 | $107,000 | $50,000 |
| 9 | Cooperativa De A\C Lares Lares, PR |
8 | $880,000 | $110,000 | $46,000 |
| 10 | Pentagon Federal Credit Union Omaha, NE |
7 | $845,000 | $120,000 | $41,000 |
See every lender active in San Sebastian Municipio, PR in 2021 »
The tables below break down 2021 mortgage applications in San Sebastian 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 Sebastian Municipio, PR in 2021
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 | 180 | $20,740,000 | $115,000 | $475,000 | $47,000 | $254,000 |
| Cash-out Refinancing | 37 | $4,465,000 | $120,000 | $375,000 | $57,000 | $340,000 |
| Refinancing | 35 | $3,985,000 | $113,000 | $545,000 | $52,000 | $151,000 |
| Other Purpose | 6 | $420,000 | $70,000 | $125,000 | $25,000 | $52,000 |
| Not Applicable | 4 | $420,000 | $105,000 | $145,000 | $0 | $0 |
| Home Improvement | 2 | $130,000 | $65,000 | $75,000 | $13,000 | $13,000 |
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 | 235 | $26,255,000 | $111,000 | $545,000 | $46,000 | $340,000 |
| Not applicable | 16 | $1,680,000 | $105,000 | $235,000 | $0 | $0 |
| White | 8 | $1,460,000 | $182,000 | $475,000 | $93,000 | $254,000 |
| Not Provided | 4 | $690,000 | $172,000 | $235,000 | $83,000 | $119,000 |
| Black or African American | 1 | $75,000 | $75,000 | $75,000 | $25,000 | $25,000 |
| 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) | 123 | $13,125,000 | $106,000 | $545,000 | $58,000 | $340,000 |
| FHA-insured (Federal Housing Administration) | 64 | $7,170,000 | $112,000 | $255,000 | $35,000 | $119,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 56 | $6,250,000 | $111,000 | $235,000 | $34,000 | $78,000 |
| VA-guaranteed (Veterans Administration) | 21 | $3,615,000 | $172,000 | $275,000 | $62,000 | $144,000 |
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 | 157 | $18,285,000 | $116,000 | $475,000 | $46,000 | $254,000 |
| Application Denied By Financial Institution | 38 | $3,970,000 | $104,000 | $245,000 | $43,000 | $205,000 |
| Application Withdrawn By Applicant | 26 | $2,640,000 | $101,000 | $245,000 | $55,000 | $249,000 |
| Loan Purchased By The Institution | 16 | $1,680,000 | $105,000 | $235,000 | $0 | $0 |
| File Closed For Incompleteness | 15 | $2,075,000 | $138,000 | $545,000 | $66,000 | $340,000 |
| Application Approved But Not Accepted | 12 | $1,510,000 | $125,000 | $375,000 | $50,000 | $115,000 |
| 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 | 223 | $25,995,000 | $116,000 | $545,000 | $49,000 | $340,000 |
| Collateral | 18 | $1,800,000 | $100,000 | $245,000 | $46,000 | $205,000 |
| Credit History | 8 | $900,000 | $112,000 | $215,000 | $51,000 | $90,000 |
| Debt-To-Income Ratio | 8 | $800,000 | $100,000 | $145,000 | $24,000 | $61,000 |
| Other | 2 | $260,000 | $130,000 | $155,000 | $87,000 | $144,000 |
| Unverifiable Information | 2 | $140,000 | $70,000 | $85,000 | $19,000 | $26,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $140,000 | $70,000 | $105,000 | $51,000 | $59,000 |
| Credit Application Incomplete | 1 | $125,000 | $125,000 | $125,000 | $22,000 | $22,000 |
| Employment History | 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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