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Lares 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.
Lares Municipio, Puerto Rico, saw 86 HMDA-reported applications and 54 originations ($6.1m) in 2024.
That is 5.0 originations per 1,000 households, against 10.1 for Puerto Rico and 48.0 nationally.
The county's denial rate was 24.7%, above the state rate of 20.5%. The median rate spread on originated loans was 0.1 percentage points and 10.3% of originations were 1.5 points or more above the average prime offer rate.
Originations were down 10% on 2023.
Most active lenders
No lender reaches 25 applications in the county.
Compared with Puerto Rico and the nation
| Measure | This county | Puerto Rico | United States |
|---|---|---|---|
| Denial rate | 24.7% | 20.5% | 24.3% |
| Median rate spread, pp | 0.1 | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 10.3% | 9.8% | 15.6% |
| Average originated loan | $113k | $188k | $329k |
| Originations per 1,000 households | 5.0 | 10.1 | 48.0 |
| Home purchase share of originations | 77.8% | 86.9% | 57.0% |
| FHA-insured share | 38.9% | 43.4% | 13.4% |
| VA-guaranteed share | 1.9% | 6.1% | 7.9% |
Rate spread distribution
Share of 29 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 78% (42)Home improvement 2% (1)Cash-out refinancing 11% (6)Other purpose 9% (5)
By type
Conventional 54% (29)FHA 39% (21)VA 2% (1)USDA 6% (3)
Trend by year
ApplicationsOriginations
This countyPuerto Rico
Questions and answers
Which lenders are most active in Lares Municipio, PR?
No lender reaches 25 applications in the county.
What is the mortgage denial rate in Lares Municipio?
24.7% of decided applications were denied in 2024, against 20.5% across Puerto Rico and 24.3% nationally.
How many mortgages were originated in Lares Municipio in 2024?
54 loans totalling $6.1m, from 86 applications; 5.0 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 72081; 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.