Largest lenders in Canóvanas Municipio
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto Rico | C | 51 | 38 | 11.8% | 5.63% |
| 2 | Oriental Bank | C | 32 | 8 | 43.8% | 5.00% |
| 3 | Firstbank Puerto Rico | C | 32 | 14 | 43.8% | 5.50% |
| 4 | First Equity Mortgage Bankers | D | 26 | 16 | 15.4% | 6.13% |
| 5 | Home Mortgage Bankers | C | 25 | 19 | 0.0% | 6.50% |
| 6 | The Money House | B | 22 | 20 | 0.0% | 6.13% |
| 7 | Hr Mortgage | D | 15 | 10 | 26.7% | 5.88% |
| 8 | Trust Mortgage | C | 11 | 2 | 9.1% | 6.00% |
| 9 | Preferred Mortgage | C | 8 | 6 | 0.0% | 5.75% |
| 10 | Vig Mortgage | D | 8 | 5 | 37.5% | 6.25% |
| 11 | Metro Island Mortgage | A | 7 | 7 | 0.0% | 5.75% |
| 12 | Pentagon Federal Credit Union | F | 7 | 3 | 42.9% | 5.38% |
| 13 | R. F. Mortgage & Investment | C | 6 | 5 | 16.7% | 5.75% |
| 14 | E.m.i. Equity Mortgage | A | 6 | 6 | 0.0% | — |
What Canóvanas Municipio borrowers applied for
By loan purpose
By loan type
Why applications were denied
Canóvanas Municipio by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 300 | 209 | 12.0% | 6.25% | $145,000 |
| 2024 | 285 | 190 | 19.3% | 6.50% | $135,000 |
| 2025 | 288 | 177 | 19.1% | 6.00% | $155,000 |
Frequently asked questions
19.1% of applications in Canóvanas Municipio were denied in 2025, against 15.8% statewide in Puerto Rico.
Banco Popular de Puerto Rico, with 51 applications in 2025 and a denial rate of 11.8%.
The median mortgage application in Canóvanas Municipio in 2025 was for $155,000; the median property value on originated loans was $165,000.