PlainLender

EMI Equity Mortgage, Inc.

San Juan, PR

EMI Equity Mortgage, Inc. processed 289 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 214 loans with a 16.3% denial rate. Home Purchase was the primary loan purpose. Based in San Juan, PR. The approval rate of 74.0% 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. EMI Equity Mortgage, Inc. processed 289 HMDA-reported mortgage applications in 2024, originating 214 loans and denying 47 for a denial rate of 16.3% (applicants themselves withdrew 27 files before a decision). The average loan amount was $143,235 at a 6.379% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 54930050YUB4R3ZKAI03 from San Juan, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. EMI Equity Mortgage, Inc.'s 74.0% origination rate tells you how often an application turned into funded money; the 16.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Debt-to-income ratio, Insufficient cash, which together explain the majority of rejections. Most activity concentrated in FHA loans (242 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.

289
Applications
214
Originated
16.3%
Denial Rate
$143,235
Avg Loan Amount
Avg Interest Rate: 6.379% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
FHA 242 174 43 $138,306
USDA 24 20 2 $132,917
VA 23 20 2 $205,870

Top loan types — EMI Equity Mortgage, Inc.

Top loan types — EMI Equity Mortgage, Inc. Horizontal bar chart of the top 3 items by value (applications). Top loan types — EMI Equity Mortgage, Inc. Top 3 1. FHA 242 2. USDA 24 3. VA 23 Top 5 loan types by application volume at EMI Equity Mortgage, Inc. (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 EMI Equity Mortgage, Inc. (LEI: 54930050YUB4R3ZKAI03) · 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
29
Debt-to-income ratio
15
Insufficient cash
5
Other
5
Credit application incomplete
4
Employment history
4
Unverifiable information
3
Credit history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 255 186 $142,216
Cash-out Refinancing 17 12 $127,941
Refinancing 17 16 $173,824

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 250 77.6% 16.4%
Black or African American 29 48.3% 17.2%
Joint 10 60.0% 10.0%

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 283 73.5% 16.6%
Joint 5 100.0% 0.0%
Not Hispanic or Latino 1 100.0% 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 EMI Equity Mortgage, Inc. 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 EMI Equity Mortgage, Inc. process?
EMI Equity Mortgage, Inc. processed 289 mortgage applications in the 2023 HMDA reporting year. Of these, 214 were originated (approved and funded), 27 were withdrawn by the applicant, and 47 were denied.
What is EMI Equity Mortgage, Inc.'s mortgage approval rate?
EMI Equity Mortgage, Inc. has an approval (origination) rate of 74.0%, meaning 74.0% of all applications resulted in a funded mortgage. The denial rate is 16.3%.
What is the average loan amount at EMI Equity Mortgage, Inc.?
The average mortgage loan amount at EMI Equity Mortgage, Inc. is $143,235. The average interest rate is 6.379%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at EMI Equity Mortgage, Inc.?
The most common reasons for mortgage denial at EMI Equity Mortgage, Inc. are: Collateral, Debt-to-income ratio, Insufficient cash. In total, 47 applications were denied out of 289 total applications.
What types of mortgage loans does EMI Equity Mortgage, Inc. offer?
EMI Equity Mortgage, Inc. processes FHA, USDA, VA loans. The most common type is FHA with 242 applications and an average loan amount of $138,306.
What loan purposes does EMI Equity Mortgage, Inc. serve?
EMI Equity Mortgage, Inc. serves the following loan purposes: Home Purchase (255 applications), Cash-out Refinancing (17 applications), Refinancing (17 applications). Home Purchase is the most common purpose.
Where is EMI Equity Mortgage, Inc. located?
EMI Equity Mortgage, Inc. is headquartered in San Juan, PR. The lender is identified by LEI 54930050YUB4R3ZKAI03 in HMDA data.
How does EMI Equity Mortgage, Inc. compare in lending across racial demographics?
EMI Equity Mortgage, Inc. reports demographic lending data under HMDA requirements. White applicants have an approval rate of 77.6% and denial rate of 16.4%; Black or African American applicants have an approval rate of 48.3% and denial rate of 17.2%; Joint applicants have an approval rate of 60.0% and denial rate of 10.0%. 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.