Trust Mortgage in Puerto Rico vs the state
8.1%Denial rate-7.71 pts vs state
9.7%Decision denial rate-8.82 pts vs state
75.0%Origination rate+7.73 pts vs state
5.75%Median rate-0.38 pts vs state
0.15Rate spread (pts)+0.08 pts vs state
$44kMedian applicant income
419Loans originated
45Denied
Trend in Puerto Rico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 526 | 378 | 13.5% | 6.25% | #11 |
| 2024 | 495 | 355 | 10.7% | 6.25% | #11 |
| 2025 | 559 | 419 | 8.1% | 5.75% | #10 |
What Trust 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 Trust Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bayamón Municipio | 87 | 70 | 4 | 4.6% |
| San Juan Municipio | 63 | 42 | 7 | 11.1% |
| Carolina Municipio | 39 | 30 | 3 | 7.7% |
| Caguas Municipio | 29 | 23 | 2 | 6.9% |
| Toa Baja Municipio | 26 | 20 | 3 | 11.5% |
| Arecibo Municipio | 21 | 13 | 4 | 19.0% |
| Vega Baja Municipio | 20 | 17 | 3 | 15.0% |
| Toa Alta Municipio | 19 | 15 | 1 | 5.3% |
| Trujillo Alto Municipio | 18 | 15 | 1 | 5.6% |
| Guaynabo Municipio | 18 | 11 | 1 | 5.6% |
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% |
| Pentagon Federal Credit Union | F | 519 | 43.0% | 5.88% |
Frequently asked questions
Puerto Rico: 559 applications in 2025, of which 419 were originated and 45 denied.
8.1% of all applications, or 9.7% of the applications it actually decided on. The Puerto Rico statewide average across all lenders was 15.8%.
The median rate on loans Trust Mortgage originated in Puerto Rico in 2025 was 5.75%, against a statewide median of 6.13%.
About this data. Figures are Trust 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