Baxter Credit Union in Puerto Rico vs the state
25.0%Denial rate+9.24 pts vs state
26.2%Decision denial rate+7.65 pts vs state
55.9%Origination rate-11.35 pts vs state
6.69%Median rate+0.56 pts vs state
0.15Rate spread (pts)+0.09 pts vs state
$104kMedian applicant income
38Loans originated
17Denied
Trend in Puerto Rico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 50 | 22 | 20.0% | 6.63% | #38 |
| 2024 | 50 | 21 | 38.0% | 6.75% | #36 |
| 2025 | 68 | 38 | 25.0% | 6.69% | #35 |
What Baxter Credit Union lends in Puerto Rico
By loan purpose
By loan type
Why it denied Puerto Rico applicants
Where in Puerto Rico
Counties with the most Baxter Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cabo Rojo Municipio | 9 | 6 | 1 | 11.1% |
| Aguada Municipio | 7 | 3 | 1 | 14.3% |
| Aguadilla Municipio | 6 | 4 | 2 | 33.3% |
| San Juan Municipio | 4 | 4 | 0 | 0.0% |
| Sabana Grande Municipio | 3 | 1 | 1 | 33.3% |
| Guaynabo Municipio | 3 | 1 | 0 | 0.0% |
| Arroyo Municipio | 3 | 0 | 2 | 66.7% |
| Ponce Municipio | 2 | 1 | 1 | 50.0% |
| Cayey Municipio | 2 | 0 | 1 | 50.0% |
| Barranquitas Municipio | 2 | 0 | 2 | 100.0% |
Other large lenders in Puerto Rico
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Banco Popular de Puerto Rico | C | 3,894 | 20.4% | 6.25% |
| 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% |
Frequently asked questions
Puerto Rico: 68 applications in 2025, of which 38 were originated and 17 denied.
25.0% of all applications, or 26.2% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.
The median rate on loans Baxter Credit Union originated in Puerto Rico in 2025 was 6.69%, against a statewide median of 6.13%.
About this data. Figures are Baxter Credit Union'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