# Banco Popular de Puerto Rico

> **Canonical URL:** https://saferate.com/lenders/banco-popular-de-puerto-ri


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Banco Popular de Puerto Rico is a bank, headquartered in San Juan, PR, with 2,172 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 46% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 11% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** OJH4M4RQMT1WXN2BNC32
- **Headquarters:** San Juan, PR
- **Geographic Reach:** unknown
- **Markets (MSAs):** 7
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 54/100
- Rating: ●●●○○ (3/5)

### Pull Through: Exceptional 🤩
- Score: 89/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** +0.212%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,371
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 2,172
- **Dollar Volume:** $555 million
- **Applications Received:** 3,266
- **Market Share:** 6.00%

## Typical Borrower Profile

- **Average Loan Amount:** $255,387
- **Average Borrower Income:** $144,012
- **Average Property Value:** $327,353

## Safe Rate Awards 🏆

- 💎 **FHA Diamond Champion** (84%)
- 💎 **Jumbo Diamond Champion** (84%)
- ⭐ **Conventional Gold Superstar** (69%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **USDA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 81/100 | 976 | +0.589% | $2,657 | Exceptional 🤩 |
| FHA | 85/100 | 790 | -0.197% | $1,974 | Exceptional 🤩 |
| VA | 80/100 | 180 | -0.645% | $2,453 | Strong 😀 |
| Jumbo | 80/100 | 73 | -0.261% | $1,137 | Exceptional 🤩 |
| USDA | 90/100 | 153 | -0.025% | $2,416 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 886 loans, Score: 82/100 (Exceptional)
- Refinance: 90 loans, Score: 71/100 (Strong)

**FHA:**
- Purchase: 668 loans, Score: 85/100 (Exceptional)
- Refinance: 122 loans, Score: 81/100 (Exceptional)

**VA:**
- Purchase: 158 loans, Score: 79/100 (Strong)
- Refinance: 22 loans, Score: 76/100 (Strong)

**Jumbo:**
- Purchase: 69 loans, Score: 81/100 (Exceptional)

**USDA:**
- Purchase: 153 loans, Score: 90/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 84/100 | 1,934 | $513M | +0.162% | Exceptional 🤩 |
| Refinance | 78/100 | 238 | $42M | +0.564% | Strong 😀 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| San Juan | PR | 1,530 | 100/100 |
| Mayaguez, PR | PR | 224 | 100/100 |
| Aguadilla, PR | PR | 163 | 100/100 |
| Ponce, PR | PR | 116 | 92/100 |
| Arecibo, PR | PR | 80 | 100/100 |
| Non |  | 40 | 33/100 |
| Guayama, PR | PR | 19 | 71/100 |

## Where This Lender Ranks

Banco Popular de Puerto Rico appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in San Juan for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in San Juan for VA Loans
  - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/va-loans)
- 🥇 **#1** in San Juan for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in San Juan for Jumbo Loans
  - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in San Juan for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Mayaguez, PR for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/mayaguez-pr/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Mayaguez, PR for VA Loans
  - [View Full Rankings](https://saferate.com/mayaguez-pr/best-mortgage-lenders/va-loans)
- 🥇 **#1** in Mayaguez, PR for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/mayaguez-pr/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Aguadilla, PR for FHA Loans
  - [View Full Rankings](https://saferate.com/aguadilla-pr/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Aguadilla, PR for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/aguadilla-pr/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Aguadilla, PR for VA Loans
  - [View Full Rankings](https://saferate.com/aguadilla-pr/best-mortgage-lenders/va-loans)
- 🥇 **#1** in Aguadilla, PR for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/aguadilla-pr/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Ponce, PR for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/ponce-pr/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Ponce, PR for VA Loans
  - [View Full Rankings](https://saferate.com/ponce-pr/best-mortgage-lenders/va-loans)
- 🥇 **#1** in Ponce, PR for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/ponce-pr/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Ponce, PR for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/ponce-pr/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Arecibo, PR for FHA Loans
  - [View Full Rankings](https://saferate.com/arecibo-pr/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Arecibo, PR for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/arecibo-pr/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Arecibo, PR for VA Loans
  - [View Full Rankings](https://saferate.com/arecibo-pr/best-mortgage-lenders/va-loans)
- 🥇 **#1** in Arecibo, PR for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/arecibo-pr/best-mortgage-lenders/banks/va-loans)

## Frequently Asked Questions

### What loan types does Banco Popular de Puerto Rico offer?

Banco Popular de Puerto Rico offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### How competitive are Banco Popular de Puerto Rico's mortgage rates?

Banco Popular de Puerto Rico has a pricing score of 54/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.212% above market average.

### What type of lender is Banco Popular de Puerto Rico?

Banco Popular de Puerto Rico is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in San Juan, PR.

### What is Banco Popular de Puerto Rico's loan approval success rate?

Banco Popular de Puerto Rico has a pull-through score of 89/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/banco-popular-de-puerto-ri

### How to Cite

> "Banco Popular de Puerto Rico Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/banco-popular-de-puerto-ri

---

**[View Interactive Profile →](https://saferate.com/lenders/banco-popular-de-puerto-ri)**