PlainLender

HR MORTGAGE CORP

CAGUAS, PR

HR MORTGAGE CORP processed 678 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 475 loans with a 23.3% denial rate. Home Purchase was the primary loan purpose. Based in CAGUAS, PR. The approval rate of 70.1% 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. HR MORTGAGE CORP processed 678 HMDA-reported mortgage applications in 2024, originating 475 loans and denying 158 for a denial rate of 23.3% (applicants themselves withdrew 42 files before a decision). The average loan amount was $114,484 at a 6.732% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 549300T6MV7ZAIL4N325 from CAGUAS, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. HR MORTGAGE CORP's 70.1% origination rate tells you how often an application turned into funded money; the 23.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Other, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in USDA loans (255 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.

678
Applications
475
Originated
23.3%
Denial Rate
$114,484
Avg Loan Amount
Avg Interest Rate: 6.732% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
USDA 255 204 42 $105,000
FHA 234 145 68 $116,966
Conventional 175 116 45 $121,000
VA 14 10 3 $164,286

Top loan types — HR MORTGAGE CORP

Top loan types — HR MORTGAGE CORP Horizontal bar chart of the top 4 items by value (applications). Top loan types — HR MORTGAGE CORP Top 4 1. USDA 255 2. FHA 234 3. Conventional 175 4. VA 14 Top 5 loan types by application volume at HR MORTGAGE CORP (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 HR MORTGAGE CORP (LEI: 549300T6MV7ZAIL4N325) · 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
75
Other
51
Debt-to-income ratio
28
Credit application incomplete
23
Insufficient cash
20
Unverifiable information
7
Credit history
6

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 639 451 $113,717
Cash-out Refinancing 31 20 $126,613
Refinancing 8 4 $128,750

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 598 68.7% 24.3%
Black or African American 59 81.4% 13.6%
Joint 17 82.3% 17.6%
American Indian or Alaska Native 2 0.0% 100.0%

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 668 70.1% 23.4%
Not Hispanic or Latino 4 50.0% 50.0%
Joint 3 100.0% 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

Preferred Mortgage Corporation

San Juan, PR

648 apps 451 originated 16.5% denied
Compare HR MORTGAGE CORP 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 HR MORTGAGE CORP process?
HR MORTGAGE CORP processed 678 mortgage applications in the 2023 HMDA reporting year. Of these, 475 were originated (approved and funded), 42 were withdrawn by the applicant, and 158 were denied.
What is HR MORTGAGE CORP's mortgage approval rate?
HR MORTGAGE CORP has an approval (origination) rate of 70.1%, meaning 70.1% of all applications resulted in a funded mortgage. The denial rate is 23.3%.
What is the average loan amount at HR MORTGAGE CORP?
The average mortgage loan amount at HR MORTGAGE CORP is $114,484. The average interest rate is 6.732%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at HR MORTGAGE CORP?
The most common reasons for mortgage denial at HR MORTGAGE CORP are: Collateral, Other, Debt-to-income ratio. In total, 158 applications were denied out of 678 total applications.
What types of mortgage loans does HR MORTGAGE CORP offer?
HR MORTGAGE CORP processes USDA, FHA, Conventional, VA loans. The most common type is USDA with 255 applications and an average loan amount of $105,000.
What loan purposes does HR MORTGAGE CORP serve?
HR MORTGAGE CORP serves the following loan purposes: Home Purchase (639 applications), Cash-out Refinancing (31 applications), Refinancing (8 applications). Home Purchase is the most common purpose.
Where is HR MORTGAGE CORP located?
HR MORTGAGE CORP is headquartered in CAGUAS, PR. The lender is identified by LEI 549300T6MV7ZAIL4N325 in HMDA data.
How does HR MORTGAGE CORP compare in lending across racial demographics?
HR MORTGAGE CORP reports demographic lending data under HMDA requirements. White applicants have an approval rate of 68.7% and denial rate of 24.3%; Black or African American applicants have an approval rate of 81.4% and denial rate of 13.6%; Joint applicants have an approval rate of 82.3% and denial rate of 17.6%. 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.