Fajardo Municipio, Puerto Rico · 2025

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

38 lenders acted on 371 mortgage applications for properties in Fajardo Municipio in 2025. 14.0% were denied (Puerto Rico: 15.8%). Median rate on closed loans 6.25%; median loan $135,000; median property value $165,000.

371Applications
14.0%Denial ratestate 15.8%
6.25%Median ratestate 6.13%
$135,000Median loan
$165,000Median property value

Largest lenders in Fajardo Municipio

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Firstbank Puerto Rico C 6339 25.4%5.88%
2 Banco Popular de Puerto Rico C 5534 21.8%6.63%
3 Preferred Mortgage C 3224 6.3%6.00%
4 Oriental Bank C 2617 7.7%6.00%
5 The Money House B 2320 8.7%6.31%
6 Home Mortgage Bankers C 2115 0.0%6.50%
7 First Equity Mortgage Bankers D 1912 15.8%6.50%
8 Hr Mortgage D 139 30.8%6.25%
9 Pentagon Federal Credit Union F 1310 23.1%6.00%
10 Metro Island Mortgage A 1111 0.0%5.75%
11 Vig Mortgage D 116 9.1%6.38%
12 Trust Mortgage C 108 0.0%5.88%
13 Sun West Mortgage Company B 108 0.0%7.25%
14 Broker Solutions D 85 12.5%7.25%
15 Cooperativa de Ahorro Y Credito Roosevelt Roads 64 16.7%6.38%
16 Unnamed lender 549300TDABQQ6MBUPK64 55 0.0%6.50%
17 Calcon Mutual Mortgage D 52 40.0%5.75%
18 Rm Actual Mortgage C 55 0.0%6.25%
19 Equity Prime Mortgage D 51 20.0%5.75%

Best approval odds in Fajardo Municipio

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

#LenderDecidedDecision denial rate
1Firstbank Puerto Rico5728.1%

What Fajardo Municipio borrowers applied for

By loan purpose

Home purchase 318 86% · 12.6% denied
Refinance 10 3% · 10.0% denied
Cash-out refinance 33 9% · 21.2% denied
Home improvement 8 2% · 50.0% denied
Other / HELOC 2 1% · 0.0% denied

By loan type

Conventional 170 46% · 17.1% denied
FHA 108 29% · 10.2% denied
VA 20 5% · 15.0% denied
USDA / RHS 73 20% · 12.3% denied

Why applications were denied

Collateral 22 42%
Debt-to-income ratio 16 31%
Incomplete application 6 12%
Other 4 8%
Credit history 2 4%
Employment history 1 2%
Unverifiable information 1 2%

Fajardo Municipio by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202334623416.5%6.50%$105,000
202436724717.7%6.50%$125,000
202537126214.0%6.25%$135,000

Frequently asked questions

14.0% of applications in Fajardo Municipio were denied in 2025, against 15.8% statewide in Puerto Rico.

Firstbank Puerto Rico, with 63 applications in 2025 and a denial rate of 25.4%.

The median mortgage application in Fajardo Municipio in 2025 was for $135,000; the median property value on originated loans was $165,000.