Applications / Mortgage Analytics / Lenders / Puerto Rico / Banco Popular de Puerto Rico
San Juan, PR · State member bank · FRS · $59.8 billion assets · 2,399 loans in 2025
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2,399
loans originated, 2025
3,894
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Banco Popular de Puerto Rico ranks first in four of the five Puerto Rico markets shown and makes far more government-backed loans than similar banks, though its share fell in all four Puerto Rico metros with a reported share.
Similar lenders are state member banks making between half and twice as many loans. FHA loans (insured by the Federal Housing Administration) were 36.8% of its loans, VA loans (guaranteed by the Department of Veterans Affairs) 7.8% and RHS loans (guaranteed by the Department of Agriculture's Rural Housing Service) 7.3%, against 2.3%, 0.6% and 0.2%. Purchases were 78.7% of its loans.
Higher-priced loans (a rate well above the average for similar loans) were 13.8% against 1.1%. Its FHA share, more than a third of its loans, could account for most of that difference. Its typical rate, 6.25% against 6.88%, was lower than more than four in five similar lenders.
It bought 3,029 loans, more than the 2,399 it made, while the typical similar lender bought none. Five years before it bought 12,285.
It ranks 1 of 63 in San Juan-Bayamón-Caguas, where its share fell to 22.6% from 25.6%, and first in Mayagüez and Aguadilla, where its shares fell 11.2 points and 6.4 points; in Ponce it is second to The Moneyhouse. One possibility is that more of its lending now reaches it as loans bought from others, 3,029 against 2,540, which count as those lenders' originations.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Banco Popular de Puerto Rico took 3,894 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 78.7% · Refinance 13.6% · Home improvement 3.9% · Other 3.8%
Conventional 48.1% · FHA 36.8% · VA 7.8% · USDA (RHS or FSA) 7.3% · of 2,399 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Puerto Rico | 2,399 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| San Juan-Bayamón-Caguas | 1,653 |
| Mayagüez | 237 |
| Aguadilla | 157 |
| Ponce | 135 |
| Arecibo | 95 |
| Guayama | 34 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | OJH4M4RQMT1WXN2BNC32 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 940311 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2940311 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 9940311 | 2011–2017 |
Established 2 January 1999. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Banco Popular de Puerto Rico's data.
Banco Popular de Puerto Rico's data
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