Vega Baja Municipio, Puerto Rico · 2025

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

36 lenders acted on 377 mortgage applications for properties in Vega Baja Municipio in 2025. 15.7% were denied (Puerto Rico: 15.8%). Median rate on closed loans 6.00%; median loan $135,000; median property value $165,000.

377Applications
15.7%Denial ratestate 15.8%
6.00%Median ratestate 6.13%
$135,000Median loan
$165,000Median property value

Largest lenders in Vega Baja Municipio

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Banco Popular de Puerto Rico C 8861 18.2%5.50%
2 Firstbank Puerto Rico C 5232 13.5%5.75%
3 Oriental Bank C 3318 30.3%5.50%
4 First Equity Mortgage Bankers D 2511 28.0%6.25%
5 Trust Mortgage C 2017 15.0%5.75%
6 Preferred Mortgage C 1913 5.3%5.75%
7 Rm Actual Mortgage C 1610 18.8%6.25%
8 Cooperativa de Ahorro Y Credito de Manati C 1612 12.5%6.95%
9 The Money House B 1312 7.7%5.75%
10 Metro Island Mortgage A 1010 0.0%6.25%
11 Home Mortgage Bankers C 108 0.0%6.50%
12 Capital Mortgage Services D 85 25.0%6.75%
13 Sun West Mortgage Company B 76 0.0%6.94%
14 Cooperativa de Ahorro Y Credito LA Puertorriqueña C 76 0.0%6.25%
15 Vig Mortgage D 63 16.7%5.75%
16 Cooperativa de Ahorro Y Credito Vega Alta 54 0.0%6.50%
17 Broker Solutions D 54 0.0%6.94%
18 Cooperativa de Credito LA Sagrada Familia B 53 0.0%6.00%

Best approval odds in Vega Baja Municipio

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

#LenderDecidedDecision denial rate
1Banco Popular de Puerto Rico7820.5%

What Vega Baja Municipio borrowers applied for

By loan purpose

Home purchase 310 82% · 15.2% denied
Refinance 4 1% · 0.0% denied
Cash-out refinance 44 12% · 15.9% denied
Home improvement 2 1% · 50.0% denied
Other / HELOC 17 5% · 23.5% denied

By loan type

Conventional 122 32% · 17.2% denied
FHA 178 47% · 15.7% denied
VA 15 4% · 6.7% denied
USDA / RHS 62 16% · 14.5% denied

Why applications were denied

Collateral 23 39%
Debt-to-income ratio 13 22%
Other 8 14%
Credit history 5 8%
Unverifiable information 3 5%
Incomplete application 3 5%
Employment history 2 3%
Mortgage insurance denied 1 2%
Insufficient cash 1 2%

Vega Baja Municipio by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202331921215.7%6.44%$105,000
202437123616.7%6.38%$125,000
202537725315.7%6.00%$135,000

Frequently asked questions

15.7% of applications in Vega Baja Municipio were denied in 2025, against 15.8% statewide in Puerto Rico.

Banco Popular de Puerto Rico, with 88 applications in 2025 and a denial rate of 18.2%.

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