Compare Mortgage Lenders
Select two lenders to compare side by side using 2023 HMDA federal data: approval rates, denial rates, loan sizes, loan types, and geographic reach.
Key Metrics
| Metric | Banco Popular | FIRSTBANK |
|---|---|---|
| Total Applications | 6,295 ▲ | 3,534 |
| Loans Originated | 2,445 | 2,160 |
| Approval Rate (higher is better) | 38.8% | 61.1% ✓ |
| Denial Rate (lower is better) | 13.0% ✓ | 19.8% |
| Avg Loan Amount | $203,999 | $201,336 |
| Avg Interest Rate (lower is better) | 6.283% | 5.919% ✓ |
| Avg Applicant Income | $36,000 | $36,000 |
| Applications Denied | 819 | 699 |
| Applications Withdrawn | 334 | 407 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Banco Popular | FIRSTBANK |
|---|---|---|
| Conventional | 2,075 (33.0%) | 2,091 (59.2%) |
| FHA | 3,132 (49.8%) | 1,072 (30.3%) |
| VA | 423 (6.7%) | 171 (4.8%) |
| USDA | 665 (10.6%) | 200 (5.7%) |
Loan Purpose Breakdown
| Purpose | Banco Popular | FIRSTBANK |
|---|---|---|
| Home Purchase | 4,840 | 2,947 |
| Cash-out Refinancing | 419 | 260 |
| Other | 247 | 121 |
| Home Improvement | 109 | 51 |
| Refinancing | 107 | 63 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Puerto Rico | 2,445 | #1 |
| State | Originated | Rank |
|---|---|---|
| Puerto Rico | 1,870 | #2 |
Summary
- 6,295 total applications · 2,445 originated
- Approval rate: 38.8%
- Denial rate: 13.0%
- Avg loan: $203,999
- Avg rate: 6.283%
- HQ: San Juan, PR
- 3,534 total applications · 2,160 originated
- Approval rate: 61.1%
- Denial rate: 19.8%
- Avg loan: $201,336
- Avg rate: 5.919%
- HQ: San Juan, PR
Methodology
Comparisons are drawn from the CFPB 2024 HMDA Snapshot National Loan-Level Dataset, published by the Consumer Financial Protection Bureau and distributed via the FFIEC. Every figure on this page comes from lenders' mandatory HMDA filings — not voluntary marketing claims.
Approval (origination) rate = originated ÷ total applications. Denial rate = denied ÷ total applications. Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes. Denial rates reflect a lender's applicant mix as much as its underwriting stance; compare alongside loan-type mix and geography before drawing conclusions.
Side-by-side comparisons are informational only and do not constitute financial, legal, or mortgage advice. Always obtain and compare written Loan Estimates before applying.