City Lending in Puerto Rico vs the state
28.6%Denial rate+12.81 pts vs state
40.0%Decision denial rate+21.50 pts vs state
42.9%Origination rate-24.37 pts vs state
6.25%Median rate+0.13 pts vs state
0.39Rate spread (pts)+0.33 pts vs state
$79kMedian applicant income
3Loans originated
2Denied
Trend in Puerto Rico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 46 | 25 | 0.0% | 6.75% | #39 |
| 2024 | 10 | 6 | 20.0% | 6.56% | #56 |
| 2025 | 7 | 3 | 28.6% | 6.25% | #58 |
What City Lending lends in Puerto Rico
By loan purpose
By loan type
Why it denied Puerto Rico applicants
Where in Puerto Rico
Counties with the most City Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bayamón Municipio | 3 | 1 | 1 | 33.3% |
| Vega Baja Municipio | 1 | 1 | 0 | 0.0% |
| Juncos Municipio | 1 | 0 | 0 | 0.0% |
| San Juan Municipio | 1 | 0 | 1 | 100.0% |
| Arecibo Municipio | 1 | 1 | 0 | 0.0% |
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: 7 applications in 2025, of which 3 were originated and 2 denied.
28.6% of all applications, or 40.0% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.
The median rate on loans City Lending originated in Puerto Rico in 2025 was 6.25%, against a statewide median of 6.13%.
About this data. Figures are City Lending'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