Toa Baja Municipio, PR Mortgage Lenders & HMDA Data, 2006

In 2006, lenders reported 4,718 mortgage applications in Toa Baja Municipio, PR totaling $421.1 million, down 18% from 2005. The average application was for $89,000, and applicants reported an average income of $46,000. 41% of applications resulted in an originated loan and 22% were denied. The most active lender was R & G Mortgage Corporation, with 530 applications, followed by Banco Popular De Puerto Rico and Doral Mortgage Corp..

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Total Number of Mortgage Applications 4,718
Total Mortgage Loan Application Amount $421,102,000
Average Mortgage Loan Application Amount $89,000
Highest Mortgage Loan Application Amount $1,085,000
Average Applicant Income $46,000
Highest Applicant Income $4,680,000

Mortgage Company List for Lending in Toa Baja Municipio, PR for 2006

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
R & G Mortgage Corporation
P O BOX 362394
SAN JUAN, PR 00936
* $ 11,713,287,000 530 $ 51,722,000
Banco Popular De Puerto Rico
PO BOX 362708
SAN JUAN, PR 00936
* $ 25,691,000,000 504 $ 13,341,000
Doral Mortgage Corp.
PO BOX 71528
SAN JUAN, PR 00936
* $ 17,608,277,000 369 $ 36,572,000
R-G Premier Bank of P.R.
PO BOX 2510
GUAYNABO, PR 00970
* $ 7,848,142,000 355 $ 29,165,000
Hf Mortgage Bankers
DORAL FINANCIAL PLAZA
1451 ROOSEVELT AVE S.J., PR 00921
* $ 17,608,277,000 320 $ 31,247,000
Popular Mortgage, Inc.
PO BOX 362708
SAN JUAN, PR 00936
* $ 25,691,000,000 313 $ 37,301,000
Doral Bank
268 PONCE DE LEON SUITE 910
SAN JUAN, PR 00918
* $ 10,939,948,000 259 $ 24,500,000
Banco Santander
P.O.BOX 362589
SAN JUAN, PR 00936
* $ 8,082,156,000 249 $ 19,978,000
Santander Mortgage Corporation
PO BOX 192199
SAN JUAN, PR 00919
* $ 47,000,000 192 $ 24,286,000
Citibank, N.A.
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 706,497,000,000 163 $ 2,430,000
Oriental Bank
PO BOX 195115
SAN JUAN, PR 00919
* $ 4,510,223,000 149 $ 14,262,000
Firstmortgage
PO BOX 9146
SAN JUAN, PR 00908
* $ 9,582,507,000 144 $ 14,711,000
Firstbank Puerto Rico
PO BOX 9146
SANTURCE, PR 00908
* $ 19,129,084,000 143 $ 16,392,000
Banco Bilbao Vizcaya Argentari
254 MUNOZ RIVERA AVE
SAN JUAN, PR 00918
* $ 7,043,254,000 139 $ 19,064,000
Citifinancial
300 ST. PAUL PLACE
BALTIMORE, MD 21202
* $ 1,745,248,000,000 109 $ 6,177,000
New York Mortgage Bankers
AVE.PONCE DE LEON #818 MIRAMAR
SAN JUAN, PR 00908
* $ 10,000,000 99 $ 12,120,000
Scotiabank De Puerto Rico
290 JESUS T. PIN++ERO
SAN JUAN, PR 00918
* $ 1,311,002,000 70 $ 6,941,000
Westernbak Puerto Rico
PO BOX 1180
MAYAGUEZ, PR 00681
* $ 16,078,823,000 66 $ 1,612,000
Sana Mortgage
PO BOX 71528
SAN JUAN, PR 00936
* $ 17,608,277,000 61 $ 4,931,000
First Equity Mortgage Bankers
9300 S DADELAND BLVD SUITE 500
MIAMI, FL 33156
* $ 10,000,000 55 $ 6,322,000
Citimortgage, Inc
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 706,497,000 52 $ 7,233,000
First Mortgage Capital
P.O BOX 550
BAYAMON, PR 00960
* $ 10,000,000 40 $ 4,845,000
Rf Mortgage & Investment Corp
PO BOX 361309
SAN JUAN, PR 00936
* $ 10,000,000 28 $ 4,557,000
Cmfc, Inc.
850 THIRD AVENUE, 12TH FLOOR
NEW YORK, NY 10022
* $ 279,830,959,000 26 $ 2,235,000
Metro Island Mortgage
VILLA NEVAREZ PROF. CENTER SUITE 201
RIO PIEDRAS, PR 00927
* $ 10,000,000 23 $ 2,451,000
Preferred Mortgage LLC
307 AVE FD ROOSEVELT
SAN JUAN, PR 00918
* $ 10,000,000 19 $ 2,167,000
Popular Finance, Inc.
PO BOX 362708
SAN JUAN, PR 00936
* $ 25,691,000,000 19 $ 1,637,000
First Security Mortgage
97 DE DIEGO AVE.
SAN JUAN, PR 00929
* $ 10,000,000 18 $ 2,029,000
Aaa Concordia Mortgage Corp.
RR-37 BOX 1837 TEL. 758-1188
SAN JUAN, PR 00926
* $ 3,823,000 18 $ 2,019,000
Aeela Mortgage
PO BOX 71502
SAN JUAN, PR 00936
* $ 10,000,000 17 $ 1,476,000
The Mortgage House Inc.
915 ROBERTO SANCHEZ VILELA AVE
SAN JUAN, PR 00924
* $ 10,000,000 17 $ 2,243,000
The Mortgage Store of P.R.
PO BOX 362394
SAN JUAN, PR 00936
* $ 11,713,287,000 17 $ 1,944,000
Centro Hipotecario
PO BOX 71528
SAN JUAN, PR 00936
* $ 17,608,277,000 16 $ 1,974,000
Golden Mortgage Bankers
CALLE BORI 1534 URB. BELISA
SAN JUAN, PR 00927
* $ 10,000,000 16 $ 2,138,000
Citifinancial Plus
300 ST. PAUL PLACE
BALTIMORE, MD 21202
* $ 279,830,959,000 15 $ 723,000
Beneficial Mortgage Corp.
1322 F.D. ROOSEVELT AVE
SAN JUAN, PR 00920
* $ 10,000,000 13 $ 1,523,000
Emi Equity Mortgage Inc.
413 BOLIVAR ST
SAN JUAN, PR 00912
* $ 17,958,000 13 $ 1,764,000
The Mortgage Loan Co.
915 CAMPO RICO AVE
SAN JUAN, PR 00924
* $ 10,000,000 11 $ 1,066,000
Santander Financial Services
P.O. BOX 362589
SAN JUAN, PR 00936
* $ 8,082,156,000 8 $ 363,000
Beewee Mortgage Bankers Corpor
416 PONCE DE LEON UNION PLAZA
SAN JUAN, PR 00918
* $ 10,000,000 7 $ 822,000
Eurobank
PO BOX 191009
SAN JUAN, PR 00926
* $ 2,392,021,000 5 $ 363,000
Popular Auto
PO BOX 362708
SAN JUAN, PR 00936
* $ 25,691,000,000 5 $ 45,000
Money Express
19 MARGINAL SAN AGUSTIN
SAN JUAN, PR 00926
* $ 15,504,754,000 4 $ 142,000
World Mortgage Bankers
1108 AVE. ROOSEVELT
SAN JUAN, PR 00920
* $ 10,000,000 4 $ 668,000
Coop Ac De La Industria Biopha
VILLA CAROLINA, C9 AVE. ROBERTO CLEMENTE
CAROLINA, PR 00985
* $ 10,000,000 3 $ 247,000
Cooperativa De A/C Arecibo
PO BOX 1056
ARECIBO, PR 00613
* $ 10,000,000 2 $ 122,000
Rbs Mortgage Corporation
894-D MUNOZ RIVERA AVE SUITE 106
SAN JUAN, PR 00927
* $ 10,000,000 2 $ 203,000
Puerto Rico Federal Credit Uni
RESOLUCION 55 ESQ. AVE ROOSEVELT
SAN JUAN, PR 00922
* $ 106,359,000 2 $ 154,000
Vapr Federal Credit Union
2400 177 ROAD
GUAYNABO, PR 00969
* $ 102,633,000 1 $ 130,000
Caribe Federal Credit Union
195 ONEIL ST
SAN JUAN, PR 00918
* $ 169,261,000 1 $ 55,000
Pentagon Federal Credit Union
14300 SULLYFIELD CIRCLE
CHANTILLY, VA 20151
* $ 8,091,469,000 1 $ 189,000
Jr Mortgage Home
2979 EMILIO FAGOT AVE. SUITE 1
PONCE, PR 00716
* $ 1,395,899,000 1 $ 140,000
Origen Financial Services LLC
27777 FRANKLIN ROAD SUITE 1710
SOUTHFIELD, MI 48034
* $ 10,000,000 1 $ 60,000
American Airlines Federal Cred
4151 AMON CARTER BLVD
FORT WORTH, TX 76155
* $ 4,011,971,000 1 $ 15,000
Cooperativa De A\C Oriental
PO BOX 876
HUMACAO, PR 00791
* $ 10,000,000 1 $ 165,000
Mortgage One Group
PO BOX 142213
ARECIBO, PR 00614
* $ 10,000,000 1 $ 91,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,013,985,000,000 1 $ 30,000

The tables below break down 2006 mortgage applications in Toa Baja 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 Toa Baja Municipio, PR in 2006

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 1,904 $185,356,000 $97,000 $1,000,000 $45,000 $613,000
Home Purchase 1,617 $199,210,000 $123,000 $1,085,000 $54,000 $4,680,000
Home Improvement 1,197 $36,536,000 $30,000 $294,000 $34,000 $288,000

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 4,003 $345,109,000 $86,000 $1,085,000 $47,000 $576,000
Not applicable 536 $60,020,000 $111,000 $385,000 $37,000 $4,680,000
Not Provided 125 $8,842,000 $70,000 $259,000 $44,000 $180,000
White 47 $6,289,000 $133,000 $1,000,000 $62,000 $613,000
Black or African American 5 $624,000 $124,000 $385,000 $66,000 $153,000
American Indian or Alaskan Native 1 $20,000 $20,000 $20,000 $42,000 $42,000
Asian 1 $198,000 $198,000 $198,000 $60,000 $60,000
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) 4,268 $366,856,000 $85,000 $1,085,000 $46,000 $4,680,000
FHA-insured (Federal Housing Administration) 401 $47,532,000 $118,000 $319,000 $36,000 $168,000
VA-guaranteed (Veterans Administration) 33 $4,764,000 $144,000 $337,000 $60,000 $576,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 16 $1,950,000 $121,000 $151,000 $39,000 $90,000

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 1,937 $173,250,000 $89,000 $410,000 $55,000 $4,680,000
Application Denied By Financial Institution 1,051 $67,533,000 $64,000 $1,000,000 $38,000 $613,000
Loan Purchased By The Institution 702 $78,261,000 $111,000 $666,000 $27,000 $315,000
Application Withdrawn By Applicant 676 $71,153,000 $105,000 $1,085,000 $53,000 $576,000
File Closed For Incompleteness 188 $17,821,000 $94,000 $289,000 $38,000 $157,000
Application Approved But Not Accepted 164 $13,084,000 $79,000 $319,000 $45,000 $192,000
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 152 $4,971,000 $32,000 $270,000 $28,000 $177,000
Debt-To-Income Ratio 92 $4,540,000 $49,000 $187,000 $28,000 $213,000
Other 26 $1,758,000 $67,000 $249,000 $58,000 $205,000
Collateral 11 $1,476,000 $134,000 $239,000 $59,000 $137,000
Insufficient Cash (Downpayment, Closing Cost) 5 $256,000 $51,000 $136,000 $33,000 $58,000
Employment History 4 $238,000 $59,000 $120,000 $27,000 $60,000
Credit Application Incomplete 2 $131,000 $65,000 $116,000 $29,000 $31,000
Unverifiable Information 2 $264,000 $132,000 $261,000 $35,000 $58,000
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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