PlainLender

ACTUAL MORTGAGE BANKERS

BAYAMON, PR

ACTUAL MORTGAGE BANKERS processed 337 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 249 loans with a 11.9% denial rate. Home Purchase was the primary loan purpose. Based in BAYAMON, PR. The approval rate of 73.9% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. ACTUAL MORTGAGE BANKERS processed 337 HMDA-reported mortgage applications in 2024, originating 249 loans and denying 40 for a denial rate of 11.9% (applicants themselves withdrew 42 files before a decision). The average loan amount was $126,543 at a 6.666% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 549300M0I314MIP2FT97 from BAYAMON, PR.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. ACTUAL MORTGAGE BANKERS's 73.9% origination rate tells you how often an application turned into funded money; the 11.9% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Collateral, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in FHA loans (205 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

337
Applications
249
Originated
11.9%
Denial Rate
$126,543
Avg Loan Amount
Avg Interest Rate: 6.666% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
FHA 205 148 29 $124,220
USDA 79 69 3 $114,747
Conventional 43 23 8 $134,535
VA 10 9 0 $233,000

Top loan types — ACTUAL MORTGAGE BANKERS

Top loan types — ACTUAL MORTGAGE BANKERS Horizontal bar chart of the top 4 items by value (applications). Top loan types — ACTUAL MORTGAGE BANKERS Top 4 1. FHA 205 2. USDA 79 3. Conventional 43 4. VA 10 Top 5 loan types by application volume at ACTUAL MORTGAGE BANKERS (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for ACTUAL MORTGAGE BANKERS (LEI: 549300M0I314MIP2FT97) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Other
27
Collateral
18
Debt-to-income ratio
15
Insufficient cash
6
Credit history
2
Employment history
2
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 332 248 $126,205
Cash-out Refinancing 4 1 $165,000
Refinancing 1 0 $85,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 335 74.0% 11.9%
Asian 1 0.0% 0.0%
Black or African American 1 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Hispanic or Latino 335 74.3% 11.9%
Not Hispanic or Latino 2 0.0% 0.0%

Nearby Lenders in PR

Other HMDA-reporting lenders in PR with similar activity. Compare any two side-by-side.

Banco Popular

San Juan, PR

6,295 apps 2,445 originated 13.0% denied

FIRSTBANK

San Juan, PR

3,534 apps 2,160 originated 19.8% denied

The Moneyhouse Inc.

San Juan, PR

2,757 apps 1,219 originated 7.4% denied

Oriental Bank

San Juan, PR

1,702 apps 814 originated 25.0% denied

HR MORTGAGE CORP

CAGUAS, PR

678 apps 475 originated 23.3% denied
Compare ACTUAL MORTGAGE BANKERS vs Banco Popular →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Frequently Asked Questions

How many mortgage applications did ACTUAL MORTGAGE BANKERS process?
ACTUAL MORTGAGE BANKERS processed 337 mortgage applications in the 2023 HMDA reporting year. Of these, 249 were originated (approved and funded), 42 were withdrawn by the applicant, and 40 were denied.
What is ACTUAL MORTGAGE BANKERS's mortgage approval rate?
ACTUAL MORTGAGE BANKERS has an approval (origination) rate of 73.9%, meaning 73.9% of all applications resulted in a funded mortgage. The denial rate is 11.9%.
What is the average loan amount at ACTUAL MORTGAGE BANKERS?
The average mortgage loan amount at ACTUAL MORTGAGE BANKERS is $126,543. The average interest rate is 6.666%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at ACTUAL MORTGAGE BANKERS?
The most common reasons for mortgage denial at ACTUAL MORTGAGE BANKERS are: Other, Collateral, Debt-to-income ratio. In total, 40 applications were denied out of 337 total applications.
What types of mortgage loans does ACTUAL MORTGAGE BANKERS offer?
ACTUAL MORTGAGE BANKERS processes FHA, USDA, Conventional, VA loans. The most common type is FHA with 205 applications and an average loan amount of $124,220.
What loan purposes does ACTUAL MORTGAGE BANKERS serve?
ACTUAL MORTGAGE BANKERS serves the following loan purposes: Home Purchase (332 applications), Cash-out Refinancing (4 applications), Refinancing (1 applications). Home Purchase is the most common purpose.
Where is ACTUAL MORTGAGE BANKERS located?
ACTUAL MORTGAGE BANKERS is headquartered in BAYAMON, PR. The lender is identified by LEI 549300M0I314MIP2FT97 in HMDA data.
How does ACTUAL MORTGAGE BANKERS compare in lending across racial demographics?
ACTUAL MORTGAGE BANKERS reports demographic lending data under HMDA requirements. White applicants have an approval rate of 74.0% and denial rate of 11.9%; Asian applicants have an approval rate of 0.0% and denial rate of 0.0%; Black or African American applicants have an approval rate of 100.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.