Preferred Mortgage in Puerto Rico vs the state
11.6%Denial rate-4.15 pts vs state
13.2%Decision denial rate-5.30 pts vs state
73.0%Origination rate+5.72 pts vs state
5.75%Median rate-0.38 pts vs state
0.24Rate spread (pts)+0.18 pts vs state
$45kMedian applicant income
534Loans originated
85Denied
Trend in Puerto Rico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 663 | 484 | 17.7% | 6.25% | #9 |
| 2024 | 647 | 450 | 16.5% | 6.50% | #7 |
| 2025 | 732 | 534 | 11.6% | 5.75% | #6 |
What Preferred 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 Preferred Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| San Juan Municipio | 84 | 47 | 18 | 21.4% |
| Bayamón Municipio | 72 | 60 | 3 | 4.2% |
| Caguas Municipio | 44 | 36 | 3 | 6.8% |
| Carolina Municipio | 39 | 28 | 4 | 10.3% |
| Fajardo Municipio | 32 | 24 | 2 | 6.3% |
| Toa Baja Municipio | 27 | 20 | 4 | 14.8% |
| Arecibo Municipio | 24 | 15 | 3 | 12.5% |
| Vega Baja Municipio | 19 | 13 | 1 | 5.3% |
| Guaynabo Municipio | 17 | 13 | 1 | 5.9% |
| Toa Alta Municipio | 17 | 15 | 2 | 11.8% |
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% |
| 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% |
| Pentagon Federal Credit Union | F | 519 | 43.0% | 5.88% |
Frequently asked questions
Puerto Rico: 732 applications in 2025, of which 534 were originated and 85 denied.
11.6% of all applications, or 13.2% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.
The median rate on loans Preferred Mortgage originated in Puerto Rico in 2025 was 5.75%, against a statewide median of 6.13%.
About this data. Figures are Preferred 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