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Carolina Municipio, Puerto Rico · 2025

Mortgage lenders in Carolina Municipio, PR: denial rates and top lenders (2025)

51 lenders acted on 1,466 mortgage applications for properties in Carolina Municipio in 2025. 18.1% were denied (Puerto Rico: 15.8%). Median rate on closed loans 6.25%; median loan $155,000; median property value $185,000.

1.5kApplications
18.1%Denial ratestate 15.8%
6.25%Median ratestate 6.13%
$155,000Median loan
$185,000Median property value

Largest lenders in Carolina Municipio

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Firstbank Puerto Rico C 244154 22.1%5.88%
2 Banco Popular de Puerto Rico C 223130 28.7%6.38%
3 First Equity Mortgage Bankers D 13679 22.1%6.25%
4 The Money House B 121100 8.3%6.25%
5 Oriental Bank C 9750 27.8%5.63%
6 Home Mortgage Bankers C 8663 0.0%6.50%
7 Metro Island Mortgage A 6766 0.0%6.00%
8 Hr Mortgage D 4833 31.3%6.50%
9 Trust Mortgage C 3930 7.7%5.75%
10 Preferred Mortgage C 3928 10.3%5.88%
11 Multiples Mortgage D 3627 8.3%7.00%
12 Broker Solutions D 3216 18.8%6.38%
13 Vig Mortgage D 3123 16.1%5.75%
14 R. F. Mortgage & Investment C 2723 7.4%6.25%
15 Sun West Mortgage Company B 2313 8.7%6.88%
16 Pentagon Federal Credit Union F 229 50.0%5.75%
17 E.m.i. Equity Mortgage A 2220 4.6%—
18 Crosscountry Mortgage B 2114 9.5%7.16%
19 Rm Actual Mortgage C 2116 19.1%6.00%
20 Cooperativa de Ahorro Y Credito LA Puertorriqueña C 2014 10.0%6.25%
21 Senior Mortgage Bankers D 1611 25.0%6.50%
22 Capital Mortgage Services D 157 13.3%6.75%
23 Caribe Federal Credit Union D 87 12.5%6.50%
24 Unnamed lender 549300TDABQQ6MBUPK64 – 77 0.0%5.75%
25 Equity Prime Mortgage D 71 28.6%5.88%

Best approval odds in Carolina Municipio

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Metro Island Mortgage660.0%
2Home Mortgage Bankers630.0%
3The Money House1109.1%
4Firstbank Puerto Rico21325.4%
5First Equity Mortgage Bankers10927.5%
6Banco Popular de Puerto Rico20032.0%
7Oriental Bank7934.2%

What Carolina Municipio borrowers applied for

By loan purpose

Home purchase 1,254 86% · 17.9% denied
Refinance 23 2% · 17.4% denied
Cash-out refinance 139 9% · 15.1% denied
Home improvement 16 1% · 18.8% denied
Other / HELOC 34 2% · 35.3% denied

By loan type

Conventional 639 44% · 20.5% denied
FHA 738 50% · 15.2% denied
VA 82 6% · 25.6% denied
USDA / RHS 7 0% · 14.3% denied

Why applications were denied

Collateral 113 43%
Debt-to-income ratio 52 20%
Credit history 26 10%
Other 22 8%
Insufficient cash 20 8%
Unverifiable information 11 4%
Incomplete application 9 3%
Employment history 8 3%
Mortgage insurance denied 3 1%

Carolina Municipio by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,43394917.0%6.50%$125,000
20241,32888617.1%6.50%$135,000
20251,46697418.1%6.25%$155,000

Frequently asked questions

18.1% of applications in Carolina Municipio were denied in 2025, against 15.8% statewide in Puerto Rico.

Firstbank Puerto Rico, with 244 applications in 2025 and a denial rate of 22.1%.

The median mortgage application in Carolina Municipio in 2025 was for $155,000; the median property value on originated loans was $185,000.