Largest mortgage lenders in Puerto Rico
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto Rico | C | 3,894 | 2,399 | 20.4% | 6.25% |
| 2 | Firstbank Puerto Rico | C | 3,233 | 1,997 | 22.0% | 5.75% |
| 3 | Oriental Bank | C | 1,708 | 928 | 20.0% | 5.50% |
| 4 | The Money House | B | 1,602 | 1,249 | 10.8% | 6.00% |
| 5 | First Equity Mortgage Bankers | D | 1,517 | 922 | 17.7% | 6.00% |
| 6 | Preferred Mortgage | C | 732 | 534 | 11.6% | 5.75% |
| 7 | Hr Mortgage | D | 697 | 514 | 20.8% | 6.25% |
| 8 | Home Mortgage Bankers | C | 678 | 492 | 0.3% | 6.50% |
| 9 | Metro Island Mortgage | A | 588 | 584 | 0.2% | 5.75% |
| 10 | Trust Mortgage | C | 559 | 419 | 8.1% | 5.75% |
| 11 | Pentagon Federal Credit Union | F | 519 | 229 | 43.0% | 5.88% |
| 12 | Sun West Mortgage Company | B | 482 | 289 | 10.6% | 6.38% |
| 13 | Rm Actual Mortgage | C | 396 | 301 | 14.4% | 6.25% |
| 14 | Cooperativa de Ahorro y Credito de Rincon | B | 355 | 271 | 5.9% | 6.75% |
| 15 | R. F. Mortgage & Investment | C | 344 | 294 | 8.7% | 6.25% |
| 16 | Broker Solutions | D | 310 | 199 | 11.0% | 6.50% |
| 17 | Vig Mortgage | D | 301 | 215 | 12.0% | 6.25% |
| 18 | E.m.i. Equity Mortgage | A | 273 | 237 | 0.7% | — |
| 19 | Multiples Mortgage | D | 249 | 183 | 10.0% | 7.00% |
| 20 | Capital Mortgage Services | D | 214 | 148 | 8.9% | 7.25% |
| 21 | Senior Mortgage Bankers | D | 207 | 143 | 16.4% | 6.25% |
| 22 | Cooperativa de Ahorro Y Credito de Camuy | B | 189 | 174 | 7.9% | 6.75% |
| 23 | Crosscountry Mortgage | B | 164 | 96 | 5.5% | 6.97% |
| 24 | Cooperativa de Ahorro Y Credito LA Puertorriqueña | C | 161 | 121 | 6.8% | 6.25% |
| 25 | Cooperativa de Credito LA Sagrada Familia | B | 134 | 104 | 3.0% | 6.25% |
Best approval odds in Puerto Rico
Lowest decision denial rate among lenders that decided at least 300 Puerto Rico applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | Metro Island Mortgage | 586 | 0.2% | 5.75% |
| 2 | Home Mortgage Bankers | 498 | 0.4% | 6.50% |
| 3 | R. F. Mortgage & Investment | 336 | 8.9% | 6.25% |
| 4 | Trust Mortgage | 465 | 9.7% | 5.75% |
| 5 | Sun West Mortgage Company | 457 | 11.2% | 6.38% |
| 6 | The Money House | 1,422 | 12.2% | 6.00% |
| 7 | Preferred Mortgage | 644 | 13.2% | 5.75% |
| 8 | Rm Actual Mortgage | 358 | 15.9% | 6.25% |
| 9 | Hr Mortgage | 663 | 21.9% | 6.25% |
| 10 | First Equity Mortgage Bankers | 1,190 | 22.5% | 6.00% |
Lowest median rates in Puerto Rico
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | Oriental Bank | 928 | 5.50% | 20.0% |
| 2 | Trust Mortgage | 419 | 5.75% | 8.1% |
| 3 | Metro Island Mortgage | 584 | 5.75% | 0.2% |
| 4 | Preferred Mortgage | 532 | 5.75% | 11.6% |
| 5 | Firstbank Puerto Rico | 1,996 | 5.75% | 22.0% |
| 6 | Pentagon Federal Credit Union | 229 | 5.88% | 43.0% |
| 7 | First Equity Mortgage Bankers | 922 | 6.00% | 17.7% |
| 8 | The Money House | 1,249 | 6.00% | 10.8% |
| 9 | Cooperativa de Credito LA Sagrada Familia | 104 | 6.25% | 3.0% |
| 10 | Cooperativa de Ahorro Y Credito LA Puertorriqueña | 119 | 6.25% | 6.8% |
What Puerto Rico borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why Puerto Rico applications were denied
Puerto Rico mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 20,490 | 13,550 | 17.4% | 6.50% | $115,000 | 68 |
| 2024 | 19,822 | 13,068 | 17.5% | 6.50% | $135,000 | 77 |
| 2025 | 21,225 | 14,269 | 15.8% | 6.13% | $145,000 | 78 |
Puerto Rico counties
Counties with at least 200 applications in 2025, most active first.
Frequently asked questions
15.8% of mortgage applications in Puerto Rico were denied in 2025 (18.5% of applications that reached a decision). Nationally the rate was 18.0%.
Banco Popular de Puerto Rico handled the most applications in Puerto Rico in 2025: 3,894, with a denial rate of 20.4%.
Among lenders that decided at least 300 applications in Puerto Rico, Metro Island Mortgage had the lowest decision denial rate at 0.2%.
The median interest rate on loans originated in Puerto Rico in 2025 was 6.13%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.