Puerto Rico’s FHA denial rate in 2025 was 17.7% across 7,849 decisioned applications — ranking #47 of 52 states. Among high-volume lenders, the lowest observed denial rate was Metro Island Mortgage at 0.2%; the highest was Firstbank at 30.7%. The institutional spread inside Puerto Rico is 153.5×: the same FHA application faces a 0.2% observed denial rate at one high-volume door and 30.7% at another — two real endpoints of the federal record, same state, same program. Source: complete CFPB HMDA 2025 federal record.
Cells require 100+ decisioned applications. Sorted softest first. Observed rates — not endorsements.
| Lender | Puerto Rico FHA apps | Denial rate |
|---|---|---|
| Metro Island Mortgage | 460 | 0.2% |
| Home Mortgage Bankers | 364 | 0.5% |
| Emi Equity Mortgage, Inc. | 203 | 1.0% |
| Rf Mortgage & Investment Corp | 171 | 8.2% |
| Trust Mortgage Corp. | 328 | 9.1% |
| Sun West Mortgage Company, Inc | 215 | 10.7% |
| The Moneyhouse Inc. | 895 | 10.9% |
| Vig Mortgage | 206 | 11.2% |
| Preferred Mortgage LLC | 461 | 12.8% |
| Actual Mortgage Bankers | 223 | 15.7% |
| First Equity Mortgage Bankers In | 652 | 23.9% |
| Hr Mortgage Corp | 231 | 25.1% |
| Banco Popular | 1,257 | 26.0% |
| Oriental Bank | 642 | 26.2% |
| Firstbank | 935 | 30.7% |
Applications under $150K were denied 18.6% of the time versus 15.6% for loans of $250K+ — a 1.2× penalty on the smallest loans. National context: the small-loan penalty.
The Home Mortgage Disclosure Act requires every U.S. mortgage lender to report every application — outcome, amount, and denial reason — to federal regulators annually. It is government-verified, covers all lenders equally, and cannot be gamed. These tables are processed directly from that record.
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