Mortgage lender · San Juan, · LEI 549300ZLPU75MU7O0T38

Oriental Bank review: approval odds, rates and grade (2025)

Oriental Bank earns a C, in line with the typical performance of mid-size mortgage lenders. It turned down 26.4% of the applications it decided on in 2025, which ranks in the 13th percentile for approval odds. Its median loan was priced 0.26 points below the average prime offer rate, ranking in the 94th percentile on pricing. Compared against 581 mid-size mortgage lenders using 2025 HMDA filings.

1.7kApplications2025
54.3%Originatedof applications
26.4%Decision denial ratenational 22.6%
5.50%Median ratenational 6.63%
$191MLoan volume1 states

Oriental Bank at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

20.0%Denial rate (all applications)+2.04 pts vs national
26.4%Denial rate (decided applications)+3.84 pts vs national
54.3%Origination rate-3.70 pts vs national
15.9%Withdrawn by applicant
8.3%Closed for incompleteness
5.50%Median interest rate-1.13 pts vs national
-0.26Median rate spread (pts over APOR)-0.51 pts vs national
$135,000Median loan amount
$8,673Median total loan costs
$61kMedian applicant income
90%Median loan-to-value
0High-cost (HOEPA) loans

How the C grade breaks down

Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

13th26.4% denied

Pricingmedian rate spread over APOR, weight 30%

94th-0.26 pts

Processwithdrawn + incomplete share, weight 15%

21st24.2%

Closing coststotal loan costs ÷ loan amount, weight 10%

1st6.42% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231,79889821.5%29.5%6.00%$136M
20241,75386024.3%32.6%5.50%$156M
20251,70892820.0%26.4%5.50%$191M

What Oriental Bank 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

Home purchase 1,292 76% · 19.1% denied
Refinance 45 3% · 17.8% denied
Cash-out refinance 286 17% · 24.1% denied
Home improvement 29 2% · 13.8% denied
Other / HELOC 56 3% · 25.0% denied

By loan type

Conventional 633 37% · 19.9% denied
FHA 854 50% · 19.7% denied
VA 106 6% · 18.9% denied
USDA / RHS 115 7% · 24.4% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 168 investment properties.

Why Oriental Bank denies applications

Primary reason reported for each of the 342 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Collateral 191 56%
Debt-to-income ratio 69 20%
Credit history 42 12%
Other 21 6%
Insufficient cash 11 3%
Employment history 6 2%
Unverifiable information 2 1%

How these reasons compare nationally →

Who gets approved at Oriental Bank

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k64031930.0%
$50k – $100k51727129.6%
$100k – $150k23311230.2%
$150k – $250k1237023.4%
Over $250k956215.6%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25452527.8%
25–3443125026.2%
35–4438722424.4%
45–5438520525.1%
55–6425512726.1%
65–741416334.0%
Over 74491946.0%

Where Oriental Bank lends

1 states and 76 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Puerto Rico1,70892820.0%5.50%#3

Frequently asked questions

Oriental Bank denied 26.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 13th percentile of mid-size mortgage lenders.

The most common reason Oriental Bank gave in 2025 was "collateral", cited on 55.8% 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 Oriental Bank originated in 2025 was 5.50%, and its median rate spread over the average prime offer rate was -0.26 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 76% of its applications were for home purchases, 19% for refinancing (including cash-out), and 5% for home improvement or other purposes. By loan type: 37% conventional, 50% FHA, 6% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Oriental Bank. Data sources · Methodology