Firstbank Puerto Rico in Puerto Rico vs the state
22.0%Denial rate+6.23 pts vs state
25.4%Decision denial rate+6.88 pts vs state
61.8%Origination rate-5.46 pts vs state
5.75%Median rate-0.38 pts vs state
-0.38Rate spread (pts)-0.45 pts vs state
$72kMedian applicant income
1,997Loans originated
711Denied
Trend in Puerto Rico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,070 | 1,877 | 22.4% | 5.88% | #2 |
| 2024 | 3,059 | 1,870 | 22.2% | 5.88% | #2 |
| 2025 | 3,233 | 1,997 | 22.0% | 5.75% | #2 |
What Firstbank Puerto Rico lends in Puerto Rico
By loan purpose
By loan type
Why it denied Puerto Rico applicants
Where in Puerto Rico
Counties with the most Firstbank Puerto Rico applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| San Juan Municipio | 613 | 413 | 123 | 20.1% |
| Bayamón Municipio | 253 | 151 | 50 | 19.8% |
| Carolina Municipio | 244 | 154 | 54 | 22.1% |
| Guaynabo Municipio | 166 | 116 | 26 | 15.7% |
| Caguas Municipio | 134 | 88 | 27 | 20.1% |
| Ponce Municipio | 82 | 44 | 27 | 32.9% |
| Toa Alta Municipio | 79 | 51 | 20 | 25.3% |
| Aguadilla Municipio | 72 | 44 | 15 | 20.8% |
| Arecibo Municipio | 71 | 38 | 22 | 31.0% |
| Trujillo Alto Municipio | 70 | 47 | 13 | 18.6% |
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% |
| 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% |
| Pentagon Federal Credit Union | F | 519 | 43.0% | 5.88% |
Frequently asked questions
Puerto Rico: 3,233 applications in 2025, of which 1,997 were originated and 711 denied.
22.0% of all applications, or 25.4% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.
The median rate on loans Firstbank Puerto Rico originated in Puerto Rico in 2025 was 5.75%, against a statewide median of 6.13%.
About this data. Figures are Firstbank Puerto Rico'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