Puerto Rico Mortgage Lending in 2025
Explore residential mortgage lending activity in Puerto Rico using official HMDA public records. Review underwriting credit decisions, borrower demographics, regional metro markets, and the most active lenders.
Credit Decision Outcomes (2025)
Outcomes for 14,736 actionable applications (Actions 1, 2, and 3).
How Puerto Rico Compares
Key metrics: Puerto Rico vs. U.S. (2025)
| Metric | Puerto Rico | U.S. |
|---|---|---|
| Actionable Apps | 14,736 | 5,197,320 |
| Approval Rate | 81.91% | 82.12% |
| Denial Rate | 18.09% | 17.88% |
| Originations | 11,728 | 4,052,301 |
| Originated Volume | $2.31 Billion | $1.58 Trillion |
| Median Loan | $145,000 | $325,000 |
Lending Trends in Puerto Rico
Year-over-year shifts: 2025 vs. 2024
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Consumer Universe | 16,717 | 17,160 | +2.65% |
| Actionable Apps | 14,423 | 14,736 | +2.17% |
| Originations | 11,221 | 11,728 | +4.52% |
| Approval Rate | 80.08% | 81.91% | +1.83 pp |
| Denial Rate | 19.92% | 18.09% | -1.83 pp |
| Median Loan | $135,000 | $145,000 | +7.41% |
| Dollar Volume | $2.05 Billion | $2.31 Billion | +12.80% |
Applications by Borrower Income (Puerto Rico)
Approval and denial rates across gross annual income tiers (2025)
| Income Bracket | Apps | Approval % | Denial % |
|---|---|---|---|
| $100k–$149,999 | 1,674 | 83.75% | 16.25% |
| $150k+ | 1,460 | 85.75% | 14.25% |
| $50k–$99,999 | 4,639 | 82.95% | 17.05% |
| <$50k | 6,701 | 79.64% | 20.36% |
| Income unavailable/entity | 262 | 88.17% | 11.83% |
Metropolitan Areas in Puerto Rico
Top metropolitan areas ranked by total actionable applications
| Metropolitan Area | Apps | Originations | Approval % |
|---|---|---|---|
| San Juan-Bayamón-Caguas | 10,983 | 8,812 | 82.25% |
| Ponce | 864 | 671 | 81.71% |
| Mayagüez | 775 | 611 | 82.58% |
| Aguadilla | 729 | 554 | 79.42% |
| Arecibo | 663 | 516 | 80.09% |
| Guayama | 280 | 224 | 82.14% |
Top Mortgage Lenders by Action 1 Originations
Institutions ranked strictly by total originated loans in Puerto Rico (2025)
| Rank | Lending Institution | Originations | Approval % |
|---|---|---|---|
| 1 | Banco Popular | 1,935 | 76.57% |
| 2 | FIRSTBANK | 1,488 | 73.96% |
| 3 | The Moneyhouse Inc. | 1,174 | 88.74% |
| 4 | FIRST EQUITY MORTGAGE BANKERS INC. | 817 | 77.15% |
| 5 | Oriental Bank | 770 | 74.90% |
| 6 | Metro Island Mortgage | 579 | 99.83% |
| 7 | Preferred Mortgage LLC | 523 | 87.54% |
| 8 | Home Mortgage Bankers | 492 | 99.60% |
| 9 | HR MORTGAGE CORP | 483 | 78.55% |
| 10 | Trust Mortgage Corp. | 412 | 90.37% |
Methodology
Learn how HMDA credit outcomes, action codes, and consumer filters are computed.
Read Methodology →State Directory
Compare mortgage lending patterns and approval rates across the 54 reporting states and territories.
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Export official Puerto Rico mortgage data for research, journalism, or analysis.