Hr Mortgage in Puerto Rico vs the state
20.8%Denial rate+5.04 pts vs state
21.9%Decision denial rate+3.37 pts vs state
73.7%Origination rate+6.51 pts vs state
6.25%Median rate+0.13 pts vs state
0.44Rate spread (pts)+0.38 pts vs state
$43kMedian applicant income
514Loans originated
145Denied
Trend in Puerto Rico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 740 | 525 | 23.5% | 6.50% | #7 |
| 2024 | 672 | 471 | 23.2% | 6.75% | #6 |
| 2025 | 697 | 514 | 20.8% | 6.25% | #7 |
What Hr Mortgage lends in Puerto Rico
By loan purpose
By loan type
Why it denied Puerto Rico applicants
Where in Puerto Rico
Counties with the most Hr Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Caguas Municipio | 99 | 79 | 15 | 15.2% |
| San Juan Municipio | 56 | 33 | 17 | 30.4% |
| Carolina Municipio | 48 | 33 | 15 | 31.3% |
| Bayamón Municipio | 39 | 30 | 6 | 15.4% |
| Juncos Municipio | 34 | 25 | 8 | 23.5% |
| Cayey Municipio | 28 | 19 | 9 | 32.1% |
| Gurabo Municipio | 27 | 22 | 3 | 11.1% |
| Ponce Municipio | 26 | 20 | 4 | 15.4% |
| Cidra Municipio | 24 | 15 | 7 | 29.2% |
| Humacao Municipio | 23 | 18 | 5 | 21.7% |
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% |
| 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: 697 applications in 2025, of which 514 were originated and 145 denied.
20.8% of all applications, or 21.9% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.
The median rate on loans Hr Mortgage originated in Puerto Rico in 2025 was 6.25%, against a statewide median of 6.13%.
About this data. Figures are Hr Mortgage'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