Caribe Federal Credit Union in Puerto Rico vs the state
29.4%Denial rate+13.61 pts vs state
30.8%Decision denial rate+12.33 pts vs state
64.3%Origination rate-2.94 pts vs state
6.50%Median rate+0.38 pts vs state
0.57Rate spread (pts)+0.51 pts vs state
$81kMedian applicant income
81Loans originated
37Denied
Trend in Puerto Rico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 102 | 54 | 42.2% | 6.50% | #27 |
| 2024 | 84 | 47 | 38.1% | 6.75% | #31 |
| 2025 | 126 | 81 | 29.4% | 6.50% | #26 |
What Caribe Federal 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 Caribe Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| San Juan Municipio | 27 | 18 | 9 | 33.3% |
| Guaynabo Municipio | 15 | 9 | 4 | 26.7% |
| Ponce Municipio | 9 | 4 | 4 | 44.4% |
| Carolina Municipio | 8 | 7 | 1 | 12.5% |
| Caguas Municipio | 7 | 5 | 2 | 28.6% |
| Toa Alta Municipio | 6 | 4 | 2 | 33.3% |
| Trujillo Alto Municipio | 6 | 4 | 2 | 33.3% |
| Cabo Rojo Municipio | 6 | 5 | 1 | 16.7% |
| Bayamón Municipio | 6 | 6 | 0 | 0.0% |
| Cayey Municipio | 5 | 1 | 3 | 60.0% |
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: 126 applications in 2025, of which 81 were originated and 37 denied.
29.4% of all applications, or 30.8% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.
The median rate on loans Caribe Federal Credit Union originated in Puerto Rico in 2025 was 6.50%, against a statewide median of 6.13%.
About this data. Figures are Caribe Federal 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