Firstbank Puerto Rico mortgage approval rate & lending review
Firstbank Puerto Rico decided 4,121 mortgage applications and funded 3,193 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Firstbank Puerto Rico reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Firstbank Puerto Rico at a glance
Approval is 5.2 points below the 86.1% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 81% | 2,502 / 3,107 | 96% | $155K | 2,409 |
| Home improvement loans | 81% | 29 / 36 | 100% | $115K | 29 |
| Cash-out refinance | 79% | 133 / 169 | 89% | $155K | 119 |
| Refinance | 67% | 32 / 48 | 88% | $125K | 28 |
| Investment property purchase | 86% | 592 / 690 | 95% | $135K | 565 |
| Investment cash-out refinance | 62% | 26 / 42 | 92% | $195K | 24 |
Firstbank Puerto Rico lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Puerto Rico | 77% | $135K | 3,146 | 2,326 |
| Florida | 94% | $165K | 975 | 867 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Firstbank Puerto Rico lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| San Juan Municipio, PR | Mortgage lenders | 77% | 1,059 | 787 |
| Bayamón Municipio, PR | Mortgage lenders | 75% | 508 | 366 |
| Carolina Municipio, PR | Mortgage lenders | 76% | 414 | 302 |
| Broward County, FL | Mortgage lenders | 96% | 326 | 294 |
| Miami-Dade County, FL | Mortgage lenders | 95% | 301 | 277 |
| Caguas Municipio, PR | Mortgage lenders | 76% | 272 | 205 |
| Carolina Municipio, PR | Investment property purchase | 81% | 131 | 102 |
| Ponce Municipio, PR | Mortgage lenders | 72% | 138 | 98 |
| Miami-Dade County, FL | Investment property purchase | 94% | 105 | 91 |
| Broward County, FL | Investment property purchase | 92% | 63 | 55 |
| San Juan Municipio, PR | Cash-out refinance | 66% | 53 | 33 |
| Bayamón Municipio, PR | Cash-out refinance | 81% | 32 | 22 |
The county markets where Firstbank Puerto Rico made the most loans. Each link opens that market with every lender ranked.
Questions about Firstbank Puerto Rico
What is Firstbank Puerto Rico's mortgage approval rate?
Firstbank Puerto Rico approved 81.0% of the 4,121 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 5.2 points below the 86.1% national rate for the same mix of loan types.
How often do borrowers take the loan Firstbank Puerto Rico offers?
Borrowers accepted 96% of the loans Firstbank Puerto Rico approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Firstbank Puerto Rico make?
The typical home purchase mortgage loan Firstbank Puerto Rico made was $155K; across all loan types its typical loan ran from $115K to $195K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Firstbank Puerto Rico lend?
Firstbank Puerto Rico decided applications in 2 of the states Fat Boy Data covers, most of them in Puerto Rico and Florida.
Can I apply to Firstbank Puerto Rico directly?
Yes. Firstbank Puerto Rico is a bank or credit union with 72 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Firstbank Puerto Rico's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Firstbank Puerto Rico treats applications, then get a rate quote from the lender.