Applications / Mortgage Analytics / Lenders / Puerto Rico / Trust Mortgage
San Juan, PR · Independent non-bank lender · CFPB · 419 loans in 2025
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419
loans originated, 2025
559
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Trust Mortgage is a Puerto Rico home-purchase lender built on government-backed loans, and in 2025 it made 18% more of them while similar lenders barely grew.
Of its loans, 70.9% were insured by the Federal Housing Administration (FHA), against 18.5% at similar lenders: independent non-bank lenders making between half and twice as many loans. Another 13.1% were guaranteed by the Department of Agriculture's Rural Housing Service (RHS), which the typical peer did not use at all. Only 10.5% were conventional. Every loan was for a home purchase.
Its typical loan was $135,000, against $335,000 at similar lenders, among the smallest in the group. So 419 loans, near the middle of its peers by count, came to only $63.5 million. All of its lending was in Puerto Rico, and every loan went to a majority-minority neighborhood.
Its loans rose 18% in 2025, against 2% for similar lenders and 10% for the whole market. That recovered part of a slide from 596 loans in 2021 to 355 in 2024, though it remains below that peak.
In San Juan-Bayamón-Caguas, its largest market, it ranked 10 of 63 lenders, with 2.4% of lending, up from 2.3% a year earlier. Banco Popular de Puerto Rico led that market, followed by Firstbank. Trust Mortgage has reported there since 2010, the year of its first report. Its other markets are small enough that a handful of loans moves its share.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Trust Mortgage took 559 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 100.0%
FHA 70.9% · USDA (RHS or FSA) 13.1% · Conventional 10.5% · VA 5.5% · of 419 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 | 419 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| San Juan-Bayamón-Caguas | 368 |
| Arecibo | 16 |
| Guayama | 7 |
| Ponce | 7 |
| Aguadilla | 5 |
| Mayagüez | 4 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300YPNOE7JUQFYZ45 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4320265 | 2011–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7660736233 |
Established 3 February 2009. Reported under HMDA 2010-2025.
Mergers, name changes, data editions and corrections: Trust Mortgage's data.
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