Applications / Mortgage Analytics / Lenders / Puerto Rico / Metro Island Mortgage
San Juan, PR · Independent non-bank lender · CFPB · 586 loans in 2025
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586
loans originated, 2025
590
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Metro Island Mortgage is a Puerto Rico purchase lender built almost entirely on government-backed loans, and it grew faster than most similar lenders in 2025.
Loans insured by the Federal Housing Administration (FHA) made up 78.5% of its lending, against 21.3% at similar lenders, here independent non-bank lenders making between half and twice as many loans. Another 13.7% were guaranteed by the Department of Agriculture's Rural Housing Service (RHS). Conventional loans were just 2.9%. Purchases made up 93.5% of the total.
Its typical loan was $155,000, against $325,000 at similar lenders, smaller than at almost all of them. Its typical rate, 5.75%, was lower than at almost all of them too; theirs was 6.50%.
Its loans rose by 15%, to 586, against 2% at similar lenders and 10% in the whole market. It ranked 6 of 63 lenders in San Juan, with 3.6% of the market; Banco Popular de Puerto Rico led. Its share in Mayagüez rose from 1.1% to 2.9%. In Ponce it slipped from 3.1% to 2.4%, though in a market of $99.3M a few loans can make that difference.
It made 944 loans in 2021 and has made fewer every year since, until 2025. All its lending is in Puerto Rico, and 98.8% of its loans were in majority-minority neighborhoods.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Metro Island Mortgage took 590 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 93.5% · Refinance 6.5%
FHA 78.5% · USDA (RHS or FSA) 13.7% · VA 4.9% · Conventional 2.9% · of 586 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 | 586 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| San Juan-Bayamón-Caguas | 480 |
| Arecibo | 35 |
| Mayagüez | 20 |
| Ponce | 17 |
| Aguadilla | 8 |
| Guayama | 6 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300WLIZIEVZY2IG91 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3873634 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7660563608 |
Established date not on record. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Metro Island Mortgage's data.
Metro Island Mortgage's data
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Metro Island 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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