Río Grande Municipio, Puerto Rico · 2025

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

30 lenders acted on 437 mortgage applications for properties in Río Grande Municipio in 2025. 11.7% were denied (Puerto Rico: 15.8%). Median rate on closed loans 6.25%; median loan $165,000; median property value $195,000.

437Applications
11.7%Denial ratestate 15.8%
6.25%Median ratestate 6.13%
$165,000Median loan
$195,000Median property value

Largest lenders in Río Grande Municipio

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Banco Popular de Puerto Rico C 9867 21.4%6.63%
2 Firstbank Puerto Rico C 6435 10.9%5.88%
3 Oriental Bank C 3420 8.8%6.25%
4 First Equity Mortgage Bankers D 3423 2.9%6.25%
5 The Money House B 3120 9.7%5.88%
6 Home Mortgage Bankers C 1711 0.0%6.50%
7 Preferred Mortgage C 1612 6.3%5.75%
8 Trust Mortgage C 1410 14.3%5.88%
9 Metro Island Mortgage A 1414 0.0%6.00%
10 Sun West Mortgage Company B 149 7.1%6.63%
11 R. F. Mortgage & Investment C 1412 7.1%6.44%
12 Broker Solutions D 147 7.1%6.49%
13 Rm Actual Mortgage C 118 9.1%6.00%
14 Hr Mortgage D 108 0.0%6.25%
15 Capital Mortgage Services D 76 14.3%7.50%
16 Multiples Mortgage D 65 0.0%7.38%
17 E.m.i. Equity Mortgage A 66 0.0%
18 Cooperativa de Ahorro Y Credito LA Puertorriqueña C 54 20.0%6.38%
19 Pentagon Federal Credit Union F 52 60.0%7.06%

Best approval odds in Río Grande Municipio

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

#LenderDecidedDecision denial rate
1Banco Popular de Puerto Rico8823.9%

What Río Grande Municipio borrowers applied for

By loan purpose

Home purchase 368 84% · 9.5% denied
Refinance 9 2% · 11.1% denied
Cash-out refinance 37 8% · 18.9% denied
Home improvement 8 2% · 12.5% denied
Other / HELOC 15 3% · 46.7% denied

By loan type

Conventional 186 43% · 12.4% denied
FHA 162 37% · 11.7% denied
VA 29 7% · 6.9% denied
USDA / RHS 60 14% · 11.7% denied

Why applications were denied

Collateral 15 29%
Debt-to-income ratio 12 24%
Credit history 8 16%
Other 7 14%
Insufficient cash 6 12%
Unverifiable information 2 4%
Incomplete application 1 2%

Río Grande Municipio by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202341629913.0%6.50%$125,000
202441428314.7%6.50%$145,000
202543729411.7%6.25%$165,000

Frequently asked questions

11.7% of applications in Río Grande Municipio were denied in 2025, against 15.8% statewide in Puerto Rico.

Banco Popular de Puerto Rico, with 98 applications in 2025 and a denial rate of 21.4%.

The median mortgage application in Río Grande Municipio in 2025 was for $165,000; the median property value on originated loans was $195,000.