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MARKET BENCHMARKS · HMDA PUBLIC DATA

Puerto Rico mortgage market benchmarks

Puerto Rico origination trends 2018–2025 from HMDA public data: volume, denial rates, and purchase vs refinance mix. Free and open — no account required.

Originations 2025

14,269

+12.9% vs 2024

2024: 12,640

Volume 2025

$2.86B

originated $
2024: $2.38B

Denial rate 2025

15.8%

denied / actioned
2024: 17.6% denied / actioned

Reporting lenders 2025

81

HMDA reporters
2024: 79 reporters

Origination volume by year

Dollar volume of originated loans

$ VOLUME · HOVER FOR UNITS
$0$1.3B$2.5B$3.8B$5B20182019202020212022202320242025$2.86B

Loan purpose mix

Share of 2025 originations

Denial rate by year

Denials / actioned applications (CFPB convention)

0.0%12.8%25.6%2018201920202021202220232024202515.8%

Puerto Rico market by year

YEARLENDERSAPPLICATIONSORIGINATIONSVOLUMEDENIALPURCHASEREFI
20258121,23014,269$2.86B2025 origination volume14,269 loans originated15.8%2025 denial rate21,230 applications actioned84.3%22.7%
20247919,20912,640$2.38B2024 origination volume12,640 loans originated17.6%2024 denial rate19,209 applications actioned86.7%19.1%
20236920,46713,531$2.24B2023 origination volume13,531 loans originated17.5%2023 denial rate20,467 applications actioned90.1%13.7%
20227225,81415,597$2.56B2022 origination volume15,597 loans originated18.0%2022 denial rate25,814 applications actioned82.6%25.0%
20217634,16021,367$3.50B2021 origination volume21,367 loans originated17.4%2021 denial rate34,160 applications actioned68.8%42.1%
20206924,96615,254$2.59B2020 origination volume15,254 loans originated17.6%2020 denial rate24,966 applications actioned69.5%40.2%
20197122,39313,952$1.96B2019 origination volume13,952 loans originated19.6%2019 denial rate22,393 applications actioned80.9%27.4%
20186421,03212,627$1.69B2018 origination volume12,627 loans originated22.3%2018 denial rate21,032 applications actioned80.7%27.8%

Attribution & methodology. Benchmarks are computed by MortRadar from Home Mortgage Disclosure Act (HMDA) public data files published by the Consumer Financial Protection Bureau (CFPB) and the Federal Financial Institutions Examination Council (FFIEC), covering activity years 2018–2025. Originations = loans originated (action taken 1); denial rate = denials / actioned applications (CFPB Data Browser convention); loan amounts are the public files' midpoint-rounded values. MortRadar's aggregations are derived works and are not published, reviewed, or endorsed by the CFPB, FFIEC, or any government agency. See data attribution and the disclaimer.

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