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Toa Baja Municipio, Puerto Rico · 2025

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

38 lenders acted on 511 mortgage applications for properties in Toa Baja Municipio in 2025. 15.1% were denied (Puerto Rico: 15.8%). Median rate on closed loans 6.00%; median loan $135,000; median property value $165,000.

511Applications
15.1%Denial ratestate 15.8%
6.00%Median ratestate 6.13%
$135,000Median loan
$165,000Median property value

Largest lenders in Toa Baja Municipio

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Firstbank Puerto Rico C 7039 22.9%5.75%
2 Banco Popular de Puerto Rico C 6236 24.2%5.75%
3 The Money House B 5143 5.9%6.00%
4 First Equity Mortgage Bankers D 4430 13.6%6.13%
5 Oriental Bank C 3418 23.5%5.13%
6 Preferred Mortgage C 2720 14.8%5.75%
7 Trust Mortgage C 2620 11.5%5.75%
8 Metro Island Mortgage A 2121 0.0%6.00%
9 Home Mortgage Bankers C 2116 0.0%6.25%
10 Rm Actual Mortgage C 1613 6.3%6.25%
11 Vig Mortgage D 168 18.8%5.88%
12 Hr Mortgage D 1512 13.3%7.00%
13 R. F. Mortgage & Investment C 1412 14.3%6.13%
14 E.m.i. Equity Mortgage A 99 0.0%—
15 Cooperativa de Ahorro Y Credito Vega Alta – 85 25.0%7.50%
16 Cooperativa de Ahorro Y Credito LA Puertorriqueña C 76 0.0%6.00%
17 Latin American Financial – 75 28.6%6.25%
18 Multiples Mortgage D 74 14.3%6.88%
19 Broker Solutions D 64 0.0%7.06%
20 Capital Mortgage Services D 63 16.7%7.50%
21 Senior Mortgage Bankers D 65 0.0%6.75%
22 Sun West Mortgage Company B 53 0.0%6.25%
23 Pentagon Federal Credit Union F 51 60.0%6.00%
24 Cooperativa A/C de Arecibo – 54 20.0%6.45%

Best approval odds in Toa Baja Municipio

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

#LenderDecidedDecision denial rate
1Firstbank Puerto Rico5927.1%
2Banco Popular de Puerto Rico5228.9%

What Toa Baja Municipio borrowers applied for

By loan purpose

Home purchase 430 84% · 13.7% denied
Refinance 8 2% · 0.0% denied
Cash-out refinance 58 11% · 24.1% denied
Home improvement 6 1% · 33.3% denied
Other / HELOC 9 2% · 22.2% denied

By loan type

Conventional 150 29% · 20.0% denied
FHA 332 65% · 12.4% denied
VA 26 5% · 19.2% denied
USDA / RHS 3 1% · 33.3% denied

Why applications were denied

Collateral 33 43%
Debt-to-income ratio 17 22%
Other 10 13%
Employment history 6 8%
Credit history 6 8%
Incomplete application 3 4%
Insufficient cash 1 1%
Unverifiable information 1 1%

Toa Baja Municipio by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202354436618.2%6.25%$115,000
202454136017.2%6.50%$125,000
202551135115.1%6.00%$135,000

Frequently asked questions

15.1% of applications in Toa Baja Municipio were denied in 2025, against 15.8% statewide in Puerto Rico.

Firstbank Puerto Rico, with 70 applications in 2025 and a denial rate of 22.9%.

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