Applications / Mortgage Analytics / Lenders / Puerto Rico / HR Mortgage
Caguas, PR · Independent non-bank lender · CFPB · 519 loans in 2025
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519
loans originated, 2025
703
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
HR Mortgage is a Puerto Rico lender to home buyers whose loans are mostly government-backed, nearly half of them guaranteed by the Department of Agriculture's Rural Housing Service (RHS).
RHS loans made up 44.9% of its lending in 2025, while the typical similar lender (an independent non-bank lender making between half and twice as many loans) made none. A further 33.5% were insured by the Federal Housing Administration (FHA), against 20.3% at peers. Conventional loans were only 19.5%. Purchases made up 95.4% of its loans.
Its typical loan was $115,000, against $325,000 for peers, lower than nearly all of them. So although it made about as many loans as the typical peer, 519 against 508, its dollar volume was far smaller. Its typical rate, 6.25%, was lower than at more than four in five peers.
It ranked 9 of 63 lenders in San Juan-Bayamón-Caguas, where its share edged up to 2.6% from 2.5%; Banco Popular de Puerto Rico led with $515.0M. In Ponce, a much smaller market, its share rose to 4.3% from 2.3%. It has lent in both since 2008.
Its loans rose 9% to 519, against 2% at peers and 10% in the whole market. That is still below the 654 it made in 2021.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. HR Mortgage took 703 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 95.4% · Refinance 4.6%
USDA (RHS or FSA) 44.9% · FHA 33.5% · Conventional 19.5% · VA 2.1% · of 519 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 | 519 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| San Juan-Bayamón-Caguas | 441 |
| Ponce | 31 |
| Guayama | 24 |
| Arecibo | 6 |
| Mayagüez | 4 |
| Aguadilla | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300T6MV7ZAIL4N325 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3944712 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7660696278 |
Established 17 November 2006. Reported under HMDA 2008-2025.
Mergers, name changes, data editions and corrections: HR Mortgage's data.
HR Mortgage's data
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HR Mortgage and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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