Banco Popular de Puerto Rico in Puerto Rico vs the state
20.4%Denial rate+4.60 pts vs state
23.8%Decision denial rate+5.26 pts vs state
61.6%Origination rate-5.62 pts vs state
6.25%Median rate+0.13 pts vs state
0.03Rate spread (pts)-0.03 pts vs state
$71kMedian applicant income
2,399Loans originated
793Denied
Trend in Puerto Rico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,485 | 2,254 | 23.1% | 6.38% | #1 |
| 2024 | 3,755 | 2,445 | 21.8% | 6.25% | #1 |
| 2025 | 3,894 | 2,399 | 20.4% | 6.25% | #1 |
What Banco Popular de Puerto Rico lends in Puerto Rico
By loan purpose
By loan type
Why it denied Puerto Rico applicants
Where in Puerto Rico
Counties with the most Banco Popular de Puerto Rico applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| San Juan Municipio | 524 | 319 | 106 | 20.2% |
| Bayamón Municipio | 303 | 178 | 82 | 27.1% |
| Carolina Municipio | 223 | 130 | 64 | 28.7% |
| Guaynabo Municipio | 176 | 122 | 22 | 12.5% |
| Gurabo Municipio | 172 | 135 | 18 | 10.5% |
| Ponce Municipio | 144 | 90 | 27 | 18.8% |
| Cabo Rojo Municipio | 127 | 83 | 20 | 15.7% |
| Caguas Municipio | 126 | 75 | 21 | 16.7% |
| Mayagüez Municipio | 109 | 65 | 24 | 22.0% |
| Río Grande Municipio | 98 | 67 | 21 | 21.4% |
Other large lenders in Puerto Rico
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Firstbank Puerto Rico | C | 3,233 | 22.0% | 5.75% |
| Oriental Bank | C | 1,708 | 20.0% | 5.50% |
| The Money House | B | 1,602 | 10.8% | 6.00% |
| First Equity Mortgage Bankers | D | 1,517 | 17.7% | 6.00% |
| Preferred Mortgage | C | 732 | 11.6% | 5.75% |
| Hr Mortgage | D | 697 | 20.8% | 6.25% |
| Home Mortgage Bankers | C | 678 | 0.3% | 6.50% |
| Metro Island Mortgage | A | 588 | 0.2% | 5.75% |
| Trust Mortgage | C | 559 | 8.1% | 5.75% |
| Pentagon Federal Credit Union | F | 519 | 43.0% | 5.88% |
Frequently asked questions
Puerto Rico: 3,894 applications in 2025, of which 2,399 were originated and 793 denied.
20.4% of all applications, or 23.8% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.
The median rate on loans Banco Popular de Puerto Rico originated in Puerto Rico in 2025 was 6.25%, against a statewide median of 6.13%.
About this data. Figures are Banco Popular de Puerto Rico's own HMDA filing for properties located in Puerto Rico, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology