The Lending Center in Puerto Rico vs the state
7.1%Denial rate-8.62 pts vs state
8.9%Decision denial rate-9.57 pts vs state
72.9%Origination rate+5.63 pts vs state
6.25%Median rate+0.13 pts vs state
1.31Rate spread (pts)+1.25 pts vs state
$38kMedian applicant income
51Loans originated
5Denied
Trend in Puerto Rico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 61 | 47 | 18.0% | 7.25% | #34 |
| 2024 | 81 | 60 | 7.4% | 7.25% | #32 |
| 2025 | 70 | 51 | 7.1% | 6.25% | #34 |
What The Lending Center lends in Puerto Rico
By loan purpose
By loan type
Why it denied Puerto Rico applicants
Where in Puerto Rico
Counties with the most The Lending Center applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| San Juan Municipio | 12 | 8 | 1 | 8.3% |
| Bayamón Municipio | 8 | 6 | 0 | 0.0% |
| Caguas Municipio | 6 | 2 | 1 | 16.7% |
| Florida Municipio | 5 | 3 | 1 | 20.0% |
| Barceloneta Municipio | 4 | 3 | 0 | 0.0% |
| Manatí Municipio | 3 | 2 | 0 | 0.0% |
| Yabucoa Municipio | 2 | 1 | 0 | 0.0% |
| Canóvanas Municipio | 2 | 1 | 0 | 0.0% |
| Naguabo Municipio | 2 | 2 | 0 | 0.0% |
| Carolina Municipio | 2 | 2 | 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: 70 applications in 2025, of which 51 were originated and 5 denied.
7.1% of all applications, or 8.9% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.
The median rate on loans The Lending Center originated in Puerto Rico in 2025 was 6.25%, against a statewide median of 6.13%.
About this data. Figures are The Lending Center'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