PlainLender

Cooperativa de A\C Lares

Lares, PR

Cooperativa de A\C Lares processed 53 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 36 loans with a 11.3% denial rate. Home Purchase was the primary loan purpose. Based in Lares, PR. The approval rate of 67.9% 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. Cooperativa de A\C Lares processed 53 HMDA-reported mortgage applications in 2024, originating 36 loans and denying 6 for a denial rate of 11.3% (applicants themselves withdrew 11 files before a decision). The average loan amount was $89,340 at a 7.061% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 549300UVFLI1W4O27J10 from Lares, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Cooperativa de A\C Lares's 67.9% origination rate tells you how often an application turned into funded money; the 11.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (50 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.

53
Applications
36
Originated
11.3%
Denial Rate
$89,340
Avg Loan Amount
Avg Interest Rate: 7.061% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 50 34 6 $88,600
USDA 2 2 0 $105,000
FHA 1 0 0 $95,000

Top loan types — Cooperativa de A\C Lares

Top loan types — Cooperativa de A\C Lares Horizontal bar chart of the top 3 items by value (applications). Top loan types — Cooperativa de A\C Lares Top 3 1. Conventional 50 2. USDA 2 3. FHA 1 Top 5 loan types by application volume at Cooperativa de A\C Lares (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 Cooperativa de A\C Lares (LEI: 549300UVFLI1W4O27J10) · 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

Collateral
4
Credit history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 41 26 $88,902
Cash-out Refinancing 11 9 $88,636
Home Improvement 1 1 $115,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 53 67.9% 11.3%

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 53 67.9% 11.3%

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 Cooperativa de A\C Lares 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 Cooperativa de A\C Lares process?
Cooperativa de A\C Lares processed 53 mortgage applications in the 2023 HMDA reporting year. Of these, 36 were originated (approved and funded), 11 were withdrawn by the applicant, and 6 were denied.
What is Cooperativa de A\C Lares's mortgage approval rate?
Cooperativa de A\C Lares has an approval (origination) rate of 67.9%, meaning 67.9% of all applications resulted in a funded mortgage. The denial rate is 11.3%.
What is the average loan amount at Cooperativa de A\C Lares?
The average mortgage loan amount at Cooperativa de A\C Lares is $89,340. The average interest rate is 7.061%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Cooperativa de A\C Lares?
The most common reasons for mortgage denial at Cooperativa de A\C Lares are: Collateral, Credit history. In total, 6 applications were denied out of 53 total applications.
What types of mortgage loans does Cooperativa de A\C Lares offer?
Cooperativa de A\C Lares processes Conventional, USDA, FHA loans. The most common type is Conventional with 50 applications and an average loan amount of $88,600.
What loan purposes does Cooperativa de A\C Lares serve?
Cooperativa de A\C Lares serves the following loan purposes: Home Purchase (41 applications), Cash-out Refinancing (11 applications), Home Improvement (1 applications). Home Purchase is the most common purpose.
Where is Cooperativa de A\C Lares located?
Cooperativa de A\C Lares is headquartered in Lares, PR. The lender is identified by LEI 549300UVFLI1W4O27J10 in HMDA data.
How does Cooperativa de A\C Lares compare in lending across racial demographics?
Cooperativa de A\C Lares reports demographic lending data under HMDA requirements. White applicants have an approval rate of 67.9% and denial rate of 11.3%. 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.