Broker Solutions · Puerto Rico · 2025

Broker Solutions in Puerto Rico: approval rate, denial rate and rates (2025)

Broker Solutions took 310 mortgage applications in Puerto Rico in 2025, ranking #16 of 78 lenders active in the state. It originated 64.2% of them and denied 11.0% (14.6% of the applications it decided), against a statewide denial rate of 15.8%.

310Applicationsin PR
14.6%Decision denial ratestate 18.5%
6.50%Median ratestate 6.13%
$205,000Median loanstate $145,000
$50MVolume57 counties

Broker Solutions in Puerto Rico vs the state

11.0%Denial rate-4.79 pts vs state
14.6%Decision denial rate-3.91 pts vs state
64.2%Origination rate-3.04 pts vs state
6.50%Median rate+0.38 pts vs state
0.91Rate spread (pts)+0.85 pts vs state
$96kMedian applicant income
199Loans originated
34Denied

Trend in Puerto Rico

YearApplicationsOriginatedDenial rateMedian rateRank in state
2024332218.2%6.50%#45
202531019911.0%6.50%#16

What Broker Solutions lends in Puerto Rico

By loan purpose

Home purchase 269 87% · 12.6% denied
Refinance 5 2% · 0.0% denied
Cash-out refinance 27 9% · 0.0% denied
Home improvement 1 0% · 0.0% denied
Other / HELOC 8 3% · 0.0% denied

By loan type

Conventional 151 49% · 14.6% denied
FHA 129 42% · 7.0% denied
VA 24 8% · 12.5% denied
USDA / RHS 6 2% · 0.0% denied

Why it denied Puerto Rico applicants

Collateral 14 41%
Credit history 11 32%
Unverifiable information 5 15%
Insufficient cash 3 9%
Other 1 3%

Where in Puerto Rico

Counties with the most Broker Solutions applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
San Juan Municipio 58367 12.1%
Carolina Municipio 32166 18.8%
Caguas Municipio 23162 8.7%
Guaynabo Municipio 15113 20.0%
Río Grande Municipio 1471 7.1%
Luquillo Municipio 1035 50.0%
Bayamón Municipio 1090 0.0%
Fajardo Municipio 851 12.5%
Cabo Rojo Municipio 760 0.0%
Juncos Municipio 751 14.3%

Other large lenders in Puerto Rico

LenderGradeApplicationsDenial rateMedian rate
Banco Popular de Puerto RicoC 3,89420.4%6.25%
Firstbank Puerto RicoC 3,23322.0%5.75%
Oriental BankC 1,70820.0%5.50%
The Money HouseB 1,60210.8%6.00%
First Equity Mortgage BankersD 1,51717.7%6.00%
Preferred MortgageC 73211.6%5.75%
Hr MortgageD 69720.8%6.25%
Home Mortgage BankersC 6780.3%6.50%
Metro Island MortgageA 5880.2%5.75%
Trust MortgageC 5598.1%5.75%

Frequently asked questions

Puerto Rico: 310 applications in 2025, of which 199 were originated and 34 denied.

11.0% of all applications, or 14.6% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.

The median rate on loans Broker Solutions originated in Puerto Rico in 2025 was 6.50%, against a statewide median of 6.13%.

About this data. Figures are Broker Solutions'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