First Equity Mortgage Bankers in Puerto Rico vs the state
17.7%Denial rate+1.91 pts vs state
22.5%Decision denial rate+4.02 pts vs state
60.8%Origination rate-6.45 pts vs state
6.00%Median rate-0.13 pts vs state
0.39Rate spread (pts)+0.33 pts vs state
$54kMedian applicant income
922Loans originated
268Denied
Trend in Puerto Rico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,412 | 802 | 19.6% | 6.50% | #4 |
| 2024 | 1,320 | 756 | 18.5% | 6.75% | #5 |
| 2025 | 1,517 | 922 | 17.7% | 6.00% | #5 |
What First Equity Mortgage Bankers lends in Puerto Rico
By loan purpose
By loan type
Why it denied Puerto Rico applicants
Where in Puerto Rico
Counties with the most First Equity Mortgage Bankers applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| San Juan Municipio | 173 | 104 | 40 | 23.1% |
| Bayamón Municipio | 161 | 109 | 26 | 16.1% |
| Carolina Municipio | 136 | 79 | 30 | 22.1% |
| Gurabo Municipio | 105 | 68 | 9 | 8.6% |
| Ponce Municipio | 81 | 56 | 13 | 16.0% |
| Guaynabo Municipio | 61 | 33 | 12 | 19.7% |
| Trujillo Alto Municipio | 50 | 34 | 10 | 20.0% |
| Caguas Municipio | 45 | 26 | 12 | 26.7% |
| Toa Baja Municipio | 44 | 30 | 6 | 13.6% |
| Juncos Municipio | 38 | 30 | 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% |
| 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: 1,517 applications in 2025, of which 922 were originated and 268 denied.
17.7% of all applications, or 22.5% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.
The median rate on loans First Equity Mortgage Bankers originated in Puerto Rico in 2025 was 6.00%, against a statewide median of 6.13%.
About this data. Figures are First Equity Mortgage Bankers'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