Metro Island Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
97th0.2% deniedPricingmedian rate spread over APOR, weight 30%
44th0.31 ptsProcesswithdrawn + incomplete share, weight 15%
95th0.3%Closing coststotal loan costs ÷ loan amount, weight 10%
2nd6.32% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 697 | 622 | 1.3% | 1.4% | 6.50% | $86M |
| 2024 | 522 | 510 | 0.2% | 0.2% | 6.50% | $80M |
| 2025 | 590 | 586 | 0.2% | 0.2% | 5.75% | $102M |
What Metro Island Mortgage lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 4 investment properties.
Why Metro Island Mortgage denies applications
Primary reason reported for each of the 1 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Metro Island Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 292 | 290 | 0.0% |
| $50k – $100k | 206 | 204 | 0.5% |
| $100k – $150k | 57 | 57 | 0.0% |
| $150k – $250k | 21 | 21 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 50 | 50 | 0.0% |
| 25–34 | 237 | 236 | 0.0% |
| 35–44 | 128 | 126 | 0.0% |
| 45–54 | 102 | 102 | 0.0% |
| 55–64 | 53 | 52 | 1.9% |
Where Metro Island Mortgage lends
2 states and 64 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Puerto Rico | 588 | 584 | 0.2% | 5.75% | #9 |
Frequently asked questions
Metro Island Mortgage denied 0.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 97th percentile of small mortgage lenders.
The most common reason Metro Island Mortgage gave in 2025 was "credit history", cited on 100.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Metro Island Mortgage originated in 2025 was 5.75%, and its median rate spread over the average prime offer rate was 0.31 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 94% of its applications were for home purchases, 6% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 3% conventional, 79% FHA, 5% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.