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Carolina Municipio, Puerto Rico
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Carolina Municipio, Puerto Rico, saw 1,328 HMDA-reported applications and 886 originations ($140m) in 2024.
That is 13.6 originations per 1,000 households, against 10.1 for Puerto Rico and 48.0 nationally.
The county's denial rate was 19.9%, close to the state rate of 20.5%. The median rate spread on originated loans was 0.2 percentage points and 10.4% of originations were 1.5 points or more above the average prime offer rate.
15 lenders reached 25 applications in the county; the most active by originations were Firstbank (148), Banco Popular (112) and The Moneyhouse Inc. (99).
Originations were down 7% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Firstbank | 239 | 148 | $23m | 23.0% | — |
| 2 | Banco Popular | 185 | 112 | $23m | 29.5% | — |
| 3 | The Moneyhouse Inc. | 116 | 99 | $15m | 10.8% | — |
| 4 | Home Mortgage Bankers | 92 | 61 | $8.1m | 0.0% | — |
| 5 | First Equity Mortgage Bankers Inc. | 99 | 60 | $9.4m | 26.8% | — |
| 6 | Oriental Bank | 102 | 56 | $7.4m | 31.7% | — |
| 7 | Metro Island Mortgage | 52 | 51 | $6.9m | 0.0% | — |
| 8 | Hr Mortgage Corp | 44 | 32 | $3.5m | 20.0% | — |
| 9 | Multiples Mortgage Corp. | 31 | 28 | $3.2m | 0.0% | — |
| 10 | Preferred Mortgage Corporation | 34 | 24 | $4.7m | 25.0% | — |
| 11 | VIG Mortgage | 32 | 23 | $3.9m | 20.7% | — |
| 12 | Trust Mortgage Corp. | 31 | 23 | $3.5m | 11.5% | — |
| 13 | EMI Equity Mortgage, Inc. | 25 | 20 | $2.9m | — | — |
| 14 | Coop. de A/C La Puertorriqueña | 25 | 17 | $2.4m | — | — |
| 15 | Sun West Mortgage Company, Inc | 25 | 9 | $1.5m | — | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 15. Denial rate is denials over decided applications in this county.
Compared with Puerto Rico and the nation
| Measure | This county | Puerto Rico | United States |
|---|---|---|---|
| Denial rate | 19.9% | 20.5% | 24.3% |
| Median rate spread, pp | 0.2 | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 10.4% | 9.8% | 15.6% |
| Average originated loan | $158k | $188k | $329k |
| Originations per 1,000 households | 13.6 | 10.1 | 48.0 |
| Home purchase share of originations | 89.3% | 86.9% | 57.0% |
| FHA-insured share | 50.5% | 43.4% | 13.4% |
| VA-guaranteed share | 6.0% | 6.1% | 7.9% |
Rate spread distribution
Share of 734 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Puerto Rico). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 89% (791)Home improvement 1% (7)Refinancing 1% (12)Cash-out refinancing 7% (64)Other purpose 1% (12)
By type
Conventional 43% (377)FHA 50% (447)VA 6% (53)USDA 1% (9)
Trend by year
ApplicationsOriginations
This countyPuerto Rico
Questions and answers
Which lenders are most active in Carolina Municipio, PR?
By 2024 originations: Firstbank (148), Banco Popular (112), The Moneyhouse Inc. (99), Home Mortgage Bankers (61), First Equity Mortgage Bankers Inc. (60). 15 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Carolina Municipio?
19.9% of decided applications were denied in 2024, against 20.5% across Puerto Rico and 24.3% nationally.
How many mortgages were originated in Carolina Municipio in 2024?
886 loans totalling $140m, from 1,328 applications; 13.6 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 72031; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.