Applications / Mortgage Analytics / Lenders / Puerto Rico / Preferred Mortgage
San Juan, PR · Independent non-bank lender · CFPB · 535 loans in 2025
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535
loans originated, 2025
733
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Preferred Mortgage, a San Juan mortgage company, makes small, government-backed loans for home purchases across Puerto Rico, and in 2025 it gained ground in its main market.
Of its 535 loans in 2025, 71.4% were insured by the Federal Housing Administration (FHA), 12.3% guaranteed by the Department of Veterans Affairs (VA) and 10.8% by the Department of Agriculture's Rural Housing Service (RHS). Only 5.4% were conventional, against 67.4% at similar lenders (independent non-bank lenders making between half and twice as many loans). Purchases made up 95.7% of its loans.
Its typical loan was $135,000, against $325,000 at similar lenders, smaller than at almost all of them. All its loans went to majority-minority neighborhoods, as they must for a lender working only in Puerto Rico.
Its loans rose 19% while similar lenders' grew 1%. In San Juan-Bayamón-Caguas it ranks 7 of 63 lenders, with 3.4% of the market, up from 2.9%; Banco Popular de Puerto Rico and Firstbank lead.
Its typical rate was 5.75%, against 6.50% at similar lenders, lower than at almost all of them. Its higher-priced share (a rate well above the average for similar loans) fell to 2.6% from 9.6% in 2024.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Preferred Mortgage took 733 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 95.7% · Refinance 4.3%
FHA 71.4% · VA 12.3% · USDA (RHS or FSA) 10.8% · Conventional 5.4% · of 535 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 | 535 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| San Juan-Bayamón-Caguas | 434 |
| Arecibo | 26 |
| Guayama | 25 |
| Aguadilla | 18 |
| Mayagüez | 11 |
| Ponce | 6 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300C2LYW7GU30DV25 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3872374 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 77248700009 | 2002–2017 |
Established 24 February 1987. Reported under HMDA 2002-2025.
Mergers, name changes, data editions and corrections: Preferred Mortgage's data.
Preferred Mortgage's data
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Preferred 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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