PlainLender

Oriental Bank

San Juan, PR

Oriental Bank processed 1,702 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 814 loans with a 25.0% denial rate. Home Purchase was the primary loan purpose. Based in San Juan, PR. The approval rate of 47.8% 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. Oriental Bank processed 1,702 HMDA-reported mortgage applications in 2024, originating 814 loans and denying 425 for a denial rate of 25.0% (applicants themselves withdrew 302 files before a decision). The average loan amount was $166,851 at a 5.692% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 549300ZLPU75MU7O0T38 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Oriental Bank's 47.8% origination rate tells you how often an application turned into funded money; the 25.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in FHA loans (881 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.

1,702
Applications
814
Originated
25.0%
Denial Rate
$166,851
Avg Loan Amount
Avg Interest Rate: 5.692% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
FHA 881 397 238 $143,717
Conventional 626 313 143 $197,204
USDA 103 58 26 $140,631
VA 92 46 18 $211,196

Top loan types — Oriental Bank

Top loan types — Oriental Bank Horizontal bar chart of the top 4 items by value (applications). Top loan types — Oriental Bank Top 4 1. FHA 881 2. Conventional 626 3. USDA 103 4. VA 92 Top 5 loan types by application volume at Oriental Bank (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 Oriental Bank (LEI: 549300ZLPU75MU7O0T38) · 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
223
Debt-to-income ratio
119
Credit history
83
Insufficient cash
53
Other
52
Employment history
15
Unverifiable information
8

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,272 665 $170,959
Cash-out Refinancing 284 91 $159,014
Other 77 26 $136,948
Refinancing 50 20 $154,200
Home Improvement 19 12 $163,421

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,577 48.1% 24.7%
Black or African American 67 40.3% 28.4%
Joint 23 39.1% 43.5%
American Indian or Alaska Native 12 41.7% 25.0%
Asian 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 1,653 47.5% 25.1%
Not Hispanic or Latino 20 65.0% 20.0%
Joint 13 38.5% 15.4%

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

HR MORTGAGE CORP

CAGUAS, PR

678 apps 475 originated 23.3% denied

Preferred Mortgage Corporation

San Juan, PR

648 apps 451 originated 16.5% denied
Compare Oriental Bank 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 Oriental Bank process?
Oriental Bank processed 1,702 mortgage applications in the 2023 HMDA reporting year. Of these, 814 were originated (approved and funded), 302 were withdrawn by the applicant, and 425 were denied.
What is Oriental Bank's mortgage approval rate?
Oriental Bank has an approval (origination) rate of 47.8%, meaning 47.8% of all applications resulted in a funded mortgage. The denial rate is 25.0%.
What is the average loan amount at Oriental Bank?
The average mortgage loan amount at Oriental Bank is $166,851. The average interest rate is 5.692%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Oriental Bank?
The most common reasons for mortgage denial at Oriental Bank are: Collateral, Debt-to-income ratio, Credit history. In total, 425 applications were denied out of 1,702 total applications.
What types of mortgage loans does Oriental Bank offer?
Oriental Bank processes FHA, Conventional, USDA, VA loans. The most common type is FHA with 881 applications and an average loan amount of $143,717.
What loan purposes does Oriental Bank serve?
Oriental Bank serves the following loan purposes: Home Purchase (1,272 applications), Cash-out Refinancing (284 applications), Other (77 applications), Refinancing (50 applications), Home Improvement (19 applications). Home Purchase is the most common purpose.
Where is Oriental Bank located?
Oriental Bank is headquartered in San Juan, PR. The lender is identified by LEI 549300ZLPU75MU7O0T38 in HMDA data.
How does Oriental Bank compare in lending across racial demographics?
Oriental Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 48.1% and denial rate of 24.7%; Black or African American applicants have an approval rate of 40.3% and denial rate of 28.4%; Joint applicants have an approval rate of 39.1% and denial rate of 43.5%. 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.