Open-end home equity lines of credit. Denial rates run far higher on HELOCs than on purchase mortgages, so compare these lenders only with each other.
| # | Lender | Grade | HELOC applications | Applications | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto RicoSan Juan, | C | 227 | 3,894 | 20.4% | 6.25% |
| 2 | Firstbank Puerto RicoSan Juan, | C | 139 | 3,233 | 22.0% | 5.75% |
| 3 | Oriental BankSan Juan, | C | 56 | 1,708 | 20.0% | 5.50% |
| 4 | Baxter Credit UnionVernon Hills, IL | B | 37 | 68 | 25.0% | 6.69% |
| 5 | Sun West Mortgage CompanyCerritos, CA | B | 34 | 482 | 10.6% | 6.38% |
| 6 | Pentagon Federal Credit UnionMclean, VA | F | 32 | 519 | 43.0% | 5.88% |
| 7 | Cooperativa de Ahorro Y Credito de CamuyCamuy, | B | 11 | 189 | 7.9% | 6.75% |
| 8 | Cooperativa de Ahoro y Crédito Bo. Quebrada de Camuy, PRCamuy, | – | 9 | 34 | 0.0% | — |
| 9 | Cooperativa de Ahorro y Credito de RinconRincon, | B | 9 | 355 | 5.9% | 6.75% |
| 10 | Cooperativa A/C de AreciboArecibo, | – | 8 | 89 | 11.2% | 6.20% |
| 11 | Broker SolutionsTustin, CA | D | 8 | 310 | 11.0% | 6.50% |
| 12 | Planet Home LendingMeriden, CT | B | 5 | 27 | 33.3% | 6.25% |
| 13 | Caribe Federal Credit UnionSan Juan, | D | 5 | 126 | 29.4% | 6.50% |
| 14 | Crosscountry MortgageCleveland, OH | B | 5 | 164 | 5.5% | 6.97% |
| 15 | The Money HouseSan Juan, | B | 3 | 1,602 | 10.8% | 6.00% |
| 16 | Cooperativa De Ahorro Y Credito Dr. Manuel Zeno GandiaArecibo, | – | 2 | 39 | 18.0% | 6.50% |
| 17 | Flagstar BankHicksville, NY | C | 1 | 5 | 100.0% | — |
| 18 | San Rafael CoopQuebradillas, | – | 1 | 31 | 6.5% | 6.60% |
| 19 | Cooperativa de Ahorro Y Credito Las PiedrasLas Piedras, | – | 1 | 55 | 1.8% | 6.25% |
| 20 | Cooperativa de Ahorro Y Credito OrientalHumacao, | – | 1 | 104 | 12.5% | 5.75% |
| 21 | Cooperativa de Credito LA Sagrada FamiliaCorozal, | B | 1 | 134 | 3.0% | 6.25% |
| 22 | Capital Mortgage ServicesSan Juan, | D | 1 | 214 | 8.9% | 7.25% |
| 23 | Vig MortgageSan Juan, | D | 1 | 301 | 12.0% | 6.25% |
| 24 | Cooperativa de Ahorro Y Credito de Santa Isabel (cacsi)Santa Isabel, | – | 0 | 6 | 0.0% | 7.25% |
| 25 | City LendingVienna, VA | F | 0 | 7 | 28.6% | 6.25% |
| 26 | Banesco USADoral, FL | – | 0 | 9 | 0.0% | — |
| 27 | Village Capital & InvestmentHenderson, NV | C | 0 | 11 | 0.0% | — |
| 28 | Cooperativa de Ahorro Y Credito del ValencianoJuncos, | – | 0 | 18 | 0.0% | 6.75% |
| 29 | Cooperativa de Ahorro Y Credito Aguas BuenasAguas Buenas, | – | 0 | 19 | 5.3% | 7.00% |
| 30 | Medi-Coop (cooperativa de Ahorro Y Crédito de Médicos Y Otros Profesionales de LA Salud)San Juan, | – | 0 | 20 | 0.0% | 7.50% |
| 31 | Cooperativa De Ahorro Y Credito La AiboniteñaAibonito, | – | 0 | 24 | 0.0% | 5.75% |
| 32 | Cooperativa de Ahorro Y Credito Roosevelt RoadsFajardo, | – | 0 | 25 | 24.0% | 6.50% |
| 33 | Cooperativa de Ahorro Y Credito MaunaboMaunabo, | – | 0 | 25 | 16.0% | 6.55% |
| 34 | Cooperativa De Credito Y Ahorro San JoseAibonito, | – | 0 | 27 | 11.1% | 6.38% |
| 35 | Cooperativa de Ahorro y Credito HatilloHatillo, | – | 0 | 34 | 0.0% | 6.50% |
| 36 | Cooperativa de Ahorro y Credito Jesus ObreroGuaynabo, | – | 0 | 34 | 11.8% | 6.00% |
| 37 | Cooperativa de Ahorro Y Credito CaguasCaguas, | – | 0 | 36 | 0.0% | 7.00% |
| 38 | Cooperativa de Ahorro Y Credito de Cabo RojoCabo Rojo, | – | 0 | 38 | 0.0% | 6.00% |
| 39 | Latin American FinancialSan Juan, | – | 0 | 47 | 12.8% | 6.25% |
| 40 | Calcon Mutual MortgageSan Diego, CA | D | 0 | 61 | 14.8% | 6.63% |
| 41 | Everett FinancialDallas, | C | 0 | 61 | 13.1% | 6.75% |
| 42 | Equity Prime MortgageAtlanta, GA | D | 0 | 62 | 12.9% | 6.38% |
| 43 | The Lending CenterSan Juan, | – | 0 | 70 | 7.1% | 6.25% |
| 44 | Cooperativa de Ahorro Y Credito de LaresLares, | – | 0 | 73 | 17.8% | 6.49% |
| 45 | Unnamed lender 549300TDABQQ6MBUPK64 | – | 0 | 79 | 0.0% | 6.25% |
| 46 | Cooperativa de Ahorro Y Credito Vega AltaVega Alta, | – | 0 | 104 | 7.7% | 7.00% |
| 47 | Cooperativa de Ahorro Y Credito de IsabelaIsabel, | – | 0 | 110 | 9.1% | 5.99% |
| 48 | Cooperativa de Ahorro Y Credito de ManatiManati, | C | 0 | 116 | 8.6% | 6.95% |
| 49 | Cooperativa de Ahorro Y Credito LA PuertorriqueñaSan Juan, | C | 0 | 161 | 6.8% | 6.25% |
| 50 | Senior Mortgage BankersSan Juan, | D | 0 | 207 | 16.4% | 6.25% |
Ordered by the number of applications of this type received in 2025 in the state. All figures come from the lenders' own HMDA filings. Full methodology.
