Toa Baja Municipio, PR Mortgage Lenders & HMDA Data, 2005
In 2005, lenders reported 5,731 mortgage applications in Toa Baja Municipio, PR totaling $508.1 million, down 11% from 2004. The average application was for $88,000, and applicants reported an average income of $44,000. 46% of applications resulted in an originated loan and 20% were denied. The most active lender was Doral Mortgage Corp., with 795 applications, followed by Banco Popular De Puerto Rico 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 | 5,731 |
| Total Mortgage Loan Application Amount | $508,127,000 |
| Average Mortgage Loan Application Amount | $88,000 |
| Highest Mortgage Loan Application Amount | $3,500,000 |
| Average Applicant Income | $44,000 |
| Highest Applicant Income | $7,200,000 |
Top Mortgage Lenders in Toa Baja Municipio, PR (2005)
Ranked by the number of mortgage applications each lender reported in Toa Baja Municipio, PR in 2005.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Doral Mortgage Corp. San Juan, PR |
795 | $69,559,000 | $87,000 | $40,000 |
| 2 | Banco Popular De Puerto Rico San Juan, PR |
679 | $18,480,000 | $27,000 | $26,000 |
| 3 | Doral Bank San Juan, PR |
629 | $69,681,000 | $110,000 | $49,000 |
| 4 | R & G Mortgage Corporation San Juan, PR |
466 | $43,692,000 | $93,000 | $33,000 |
| 5 | R-G Premier Bank of P.R. Guaynabo, PR |
319 | $28,954,000 | $90,000 | $45,000 |
| 6 | Banco Santander San Juan, PR |
318 | $23,485,000 | $73,000 | $23,000 |
| 7 | Popular Mortgage, Inc. San Juan, PR |
290 | $34,025,000 | $117,000 | $36,000 |
| 8 | Hf Mortgage Bankers 1451 Roosevelt Ave S.J., PR |
245 | $23,047,000 | $94,000 | $35,000 |
| 9 | Firstbank Puerto Rico Santurce, PR |
233 | $29,672,000 | $127,000 | $51,000 |
| 10 | Sana Mortgage San Juan, PR |
182 | $17,462,000 | $95,000 | $48,000 |
The tables below break down 2005 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 2005
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 | 2,707 | $266,013,000 | $98,000 | $3,500,000 | $43,000 | $7,200,000 |
| Home Purchase | 1,832 | $211,750,000 | $115,000 | $1,160,000 | $48,000 | $479,000 |
| Home Improvement | 1,192 | $30,364,000 | $25,000 | $300,000 | $37,000 | $262,000 |
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 | 4,808 | $415,971,000 | $86,000 | $3,500,000 | $44,000 | $7,200,000 |
| Not applicable | 653 | $70,977,000 | $108,000 | $1,160,000 | $5,000 | $303,000 |
| Not Provided | 219 | $14,332,000 | $65,000 | $476,000 | $50,000 | $479,000 |
| White | 38 | $5,610,000 | $147,000 | $370,000 | $60,000 | $132,000 |
| Asian | 5 | $446,000 | $89,000 | $132,000 | $90,000 | $158,000 |
| Black or African American | 4 | $545,000 | $136,000 | $231,000 | $47,000 | $75,000 |
| American Indian or Alaskan Native | 4 | $246,000 | $61,000 | $151,000 | $27,000 | $45,000 |
| 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) | 5,383 | $473,574,000 | $87,000 | $3,500,000 | $47,000 | $7,200,000 |
| FHA-insured (Federal Housing Administration) | 319 | $30,880,000 | $96,000 | $228,000 | $31,000 | $162,000 |
| VA-guaranteed (Veterans Administration) | 24 | $3,056,000 | $127,000 | $198,000 | $26,000 | $101,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $617,000 | $123,000 | $153,000 | $37,000 | $46,000 |
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 | 2,643 | $243,984,000 | $92,000 | $3,500,000 | $52,000 | $7,200,000 |
| Application Denied By Financial Institution | 1,140 | $65,069,000 | $57,000 | $480,000 | $41,000 | $366,000 |
| Loan Purchased By The Institution | 821 | $92,596,000 | $112,000 | $3,500,000 | $29,000 | $7,200,000 |
| Application Withdrawn By Applicant | 700 | $71,286,000 | $101,000 | $506,000 | $41,000 | $422,000 |
| File Closed For Incompleteness | 229 | $19,671,000 | $85,000 | $486,000 | $45,000 | $258,000 |
| Application Approved But Not Accepted | 198 | $15,521,000 | $78,000 | $315,000 | $45,000 | $191,000 |
| 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 | 291 | $18,242,000 | $62,000 | $247,000 | $40,000 | $366,000 |
| Collateral | 108 | $7,822,000 | $72,000 | $346,000 | $44,000 | $156,000 |
| Other | 96 | $6,893,000 | $71,000 | $309,000 | $43,000 | $142,000 |
| Debt-To-Income Ratio | 79 | $4,286,000 | $54,000 | $243,000 | $31,000 | $101,000 |
| Mortgage Insurance Denied | 27 | $3,201,000 | $118,000 | $400,000 | $45,000 | $156,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 15 | $1,887,000 | $125,000 | $480,000 | $74,000 | $155,000 |
| Credit Application Incomplete | 13 | $958,000 | $73,000 | $132,000 | $44,000 | $138,000 |
| Employment History | 11 | $939,000 | $85,000 | $150,000 | $37,000 | $67,000 |
| Unverifiable Information | 1 | $8,000 | $8,000 | $8,000 | $66,000 | $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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