Multiples Mortgage in Puerto Rico vs the state
10.0%Denial rate-5.72 pts vs state
11.9%Decision denial rate-6.65 pts vs state
73.5%Origination rate+6.26 pts vs state
7.00%Median rate+0.88 pts vs state
1.04Rate spread (pts)+0.98 pts vs state
$58kMedian applicant income
183Loans originated
25Denied
Trend in Puerto Rico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 322 | 215 | 9.3% | 6.75% | #16 |
| 2024 | 193 | 143 | 7.3% | 7.00% | #19 |
| 2025 | 249 | 183 | 10.0% | 7.00% | #19 |
What Multiples 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 Multiples Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| San Juan Municipio | 62 | 48 | 6 | 9.7% |
| Carolina Municipio | 35 | 27 | 3 | 8.6% |
| Bayamón Municipio | 23 | 17 | 3 | 13.0% |
| Caguas Municipio | 9 | 8 | 1 | 11.1% |
| Guaynabo Municipio | 9 | 8 | 0 | 0.0% |
| Toa Baja Municipio | 7 | 4 | 1 | 14.3% |
| Trujillo Alto Municipio | 6 | 6 | 0 | 0.0% |
| Manatí Municipio | 6 | 3 | 1 | 16.7% |
| Río Grande Municipio | 6 | 5 | 0 | 0.0% |
| Mayagüez Municipio | 6 | 2 | 1 | 16.7% |
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% |
| 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: 249 applications in 2025, of which 183 were originated and 25 denied.
10.0% of all applications, or 11.9% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.
The median rate on loans Multiples Mortgage originated in Puerto Rico in 2025 was 7.00%, against a statewide median of 6.13%.
About this data. Figures are Multiples 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