Planet Home Lending in Puerto Rico vs the state
33.3%Denial rate+17.57 pts vs state
45.0%Decision denial rate+26.50 pts vs state
40.7%Origination rate-26.49 pts vs state
6.25%Median rate+0.13 pts vs state
0.55Rate spread (pts)+0.49 pts vs state
$48kMedian applicant income
11Loans originated
9Denied
Trend in Puerto Rico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 8 | 4 | 50.0% | 7.56% | #53 |
| 2024 | 28 | 8 | 64.3% | 6.75% | #48 |
| 2025 | 27 | 11 | 33.3% | 6.25% | #48 |
What Planet Home Lending lends in Puerto Rico
By loan purpose
By loan type
Why it denied Puerto Rico applicants
Where in Puerto Rico
Counties with the most Planet Home Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| San Juan Municipio | 8 | 1 | 5 | 62.5% |
| Vega Baja Municipio | 4 | 2 | 0 | 0.0% |
| Caguas Municipio | 3 | 2 | 0 | 0.0% |
| Río Grande Municipio | 2 | 1 | 1 | 50.0% |
| Trujillo Alto Municipio | 2 | 1 | 1 | 50.0% |
| Manatí Municipio | 2 | 2 | 0 | 0.0% |
| Ponce Municipio | 2 | 1 | 1 | 50.0% |
| Toa Alta Municipio | 1 | 1 | 0 | 0.0% |
| Canóvanas Municipio | 1 | 0 | 1 | 100.0% |
| Mayagüez Municipio | 1 | 0 | 0 | 0.0% |
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: 27 applications in 2025, of which 11 were originated and 9 denied.
33.3% of all applications, or 45.0% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.
The median rate on loans Planet Home Lending originated in Puerto Rico in 2025 was 6.25%, against a statewide median of 6.13%.
About this data. Figures are Planet Home Lending'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