Cayey Municipio, Puerto Rico · 2025

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

32 lenders acted on 250 mortgage applications for properties in Cayey Municipio in 2025. 18.0% were denied (Puerto Rico: 15.8%). Median rate on closed loans 6.06%; median loan $115,000; median property value $145,000.

250Applications
18.0%Denial ratestate 15.8%
6.06%Median ratestate 6.13%
$115,000Median loan
$145,000Median property value

Largest lenders in Cayey Municipio

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Firstbank Puerto Rico C 3424 23.5%5.75%
2 Oriental Bank C 2915 13.8%5.25%
3 Hr Mortgage D 2920 31.0%6.25%
4 Banco Popular de Puerto Rico C 2812 28.6%5.94%
5 Home Mortgage Bankers C 2820 0.0%6.75%
6 The Money House B 1711 17.7%5.75%
7 Preferred Mortgage C 138 23.1%6.75%
8 Trust Mortgage C 77 0.0%5.75%
9 Rm Actual Mortgage C 63 16.7%5.75%
10 Cooperativa De Credito Y Ahorro San Jose 65 16.7%6.50%
11 Vig Mortgage D 64 0.0%6.25%
12 Broker Solutions D 55 0.0%6.99%
13 Caribe Federal Credit Union D 51 60.0%6.50%

What Cayey Municipio borrowers applied for

By loan purpose

Home purchase 202 81% · 15.4% denied
Refinance 7 3% · 42.9% denied
Cash-out refinance 27 11% · 22.2% denied
Home improvement 2 1% · 0.0% denied
Other / HELOC 12 5% · 41.7% denied

By loan type

Conventional 79 32% · 25.3% denied
FHA 105 42% · 13.3% denied
VA 18 7% · 16.7% denied
USDA / RHS 48 19% · 16.7% denied

Why applications were denied

Collateral 20 44%
Debt-to-income ratio 9 20%
Credit history 8 18%
Employment history 2 4%
Other 2 4%
Insufficient cash 2 4%
Incomplete application 2 4%

Cayey Municipio by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202323614617.0%6.25%$115,000
202425015615.6%6.38%$125,000
202525015818.0%6.06%$115,000

Frequently asked questions

18.0% of applications in Cayey Municipio were denied in 2025, against 15.8% statewide in Puerto Rico.

Firstbank Puerto Rico, with 34 applications in 2025 and a denial rate of 23.5%.

The median mortgage application in Cayey Municipio in 2025 was for $115,000; the median property value on originated loans was $145,000.