Senior Mortgage Bankers in Puerto Rico vs the state
16.4%Denial rate+0.67 pts vs state
19.2%Decision denial rate+0.71 pts vs state
69.1%Origination rate+1.85 pts vs state
6.25%Median rate+0.13 pts vs state
0.71Rate spread (pts)+0.65 pts vs state
$65kMedian applicant income
143Loans originated
34Denied
Trend in Puerto Rico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 161 | 114 | 12.4% | 6.50% | #23 |
| 2024 | 183 | 122 | 14.2% | 6.75% | #20 |
| 2025 | 207 | 143 | 16.4% | 6.25% | #21 |
What Senior Mortgage Bankers lends in Puerto Rico
By loan purpose
By loan type
Why it denied Puerto Rico applicants
Where in Puerto Rico
Counties with the most Senior Mortgage Bankers applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| San Juan Municipio | 31 | 19 | 10 | 32.3% |
| Bayamón Municipio | 19 | 15 | 2 | 10.5% |
| Carolina Municipio | 16 | 11 | 4 | 25.0% |
| Comerío Municipio | 15 | 9 | 2 | 13.3% |
| Caguas Municipio | 11 | 8 | 1 | 9.1% |
| Toa Alta Municipio | 10 | 8 | 0 | 0.0% |
| Guaynabo Municipio | 7 | 6 | 1 | 14.3% |
| Barceloneta Municipio | 7 | 7 | 0 | 0.0% |
| Cabo Rojo Municipio | 6 | 3 | 0 | 0.0% |
| Trujillo Alto Municipio | 6 | 3 | 2 | 33.3% |
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: 207 applications in 2025, of which 143 were originated and 34 denied.
16.4% of all applications, or 19.2% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.
The median rate on loans Senior Mortgage Bankers originated in Puerto Rico in 2025 was 6.25%, against a statewide median of 6.13%.
About this data. Figures are Senior Mortgage Bankers'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