# FIRSTBANK PUERTO RICO

> **Canonical URL:** https://saferate.com/lenders/firstbank-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


FIRSTBANK PUERTO RICO is a bank, headquartered in San Juan, PR, with 1,820 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 31% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 18% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300WWJ28EP3GZG107
- **Headquarters:** San Juan, PR
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** FL
- **Markets (MSAs):** 10
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 69/100
- Rating: ●●●●○ (4/5)

### Pull Through: Exceptional 🤩
- Score: 82/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** -0.235%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $3,043
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,820
- **Dollar Volume:** $388 million
- **Applications Received:** 2,854
- **Market Share:** 5.00%

## Typical Borrower Profile

- **Average Loan Amount:** $213,275
- **Average Borrower Income:** $109,075
- **Average Property Value:** $268,132

## Safe Rate Awards 🏆

- 💎 **Conventional Diamond Champion** (83%)
- ⭐ **FHA Gold Superstar** (77%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **Jumbo Gold Superstar** (78%)
- ⭐ **USDA Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (77%)
- ⭐ **Refinance Gold Superstar** (78%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 81/100 | 1,094 | -0.091% | $2,812 | Exceptional 🤩 |
| FHA | 82/100 | 504 | -0.476% | $3,702 | Exceptional 🤩 |
| VA | 76/100 | 92 | -0.958% | $4,283 | Strong 😀 |
| Jumbo | 74/100 | 32 | -0.328% | $921 | Strong 😀 |
| USDA | 87/100 | 98 | -0.716% | $3,353 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 1,040 loans, Score: 82/100 (Exceptional)
- Refinance: 54 loans, Score: 64/100 (Strong)

**FHA:**
- Purchase: 423 loans, Score: 81/100 (Exceptional)
- Refinance: 81 loans, Score: 79/100 (Strong)

**VA:**
- Purchase: 78 loans, Score: 76/100 (Strong)

**Jumbo:**
- Purchase: 28 loans, Score: 74/100 (Strong)

**USDA:**
- Purchase: 98 loans, Score: 87/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 83/100 | 1,667 | $359M | -0.214% | Exceptional 🤩 |
| Refinance | 74/100 | 153 | $29M | -0.441% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| FL | 229 | 0.08% | 64/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| San Juan | PR | 1,259 | 98/100 |
| Aguadilla, PR | PR | 115 | 93/100 |
| Fort Lauderdale | FL | 108 | 68/100 |
| Miami | FL | 99 | 67/100 |
| Arecibo, PR | PR | 75 | 98/100 |
| Mayaguez, PR | PR | 53 | 72/100 |
| Ponce, PR | PR | 45 | 71/100 |
| Non |  | 27 | 28/100 |
| West Palm Beach | FL | 19 | 47/100 |
| Guayama, PR | PR | 17 | 66/100 |

## Where This Lender Ranks

FIRSTBANK PUERTO RICO appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in San Juan
  - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders)
- 🥇 **#1** in San Juan for Conventional Loans
  - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in San Juan for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in San Juan for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/san-juan/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Aguadilla, PR
  - [View Full Rankings](https://saferate.com/aguadilla-pr/best-mortgage-lenders)
- 🥇 **#1** in Aguadilla, PR for Conventional Loans
  - [View Full Rankings](https://saferate.com/aguadilla-pr/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Aguadilla, PR for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/aguadilla-pr/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Aguadilla, PR for USDA Loans
  - [View Full Rankings](https://saferate.com/aguadilla-pr/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Aguadilla, PR for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/aguadilla-pr/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Fort Lauderdale
  - [View Full Rankings](https://saferate.com/fort-lauderdale/best-mortgage-lenders)
- 🥇 **#1** in Fort Lauderdale Banks
  - [View Full Rankings](https://saferate.com/fort-lauderdale/best-mortgage-lenders/banks)
- 🥇 **#1** in Fort Lauderdale for Conventional Loans
  - [View Full Rankings](https://saferate.com/fort-lauderdale/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Fort Lauderdale for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/fort-lauderdale/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Miami
  - [View Full Rankings](https://saferate.com/miami/best-mortgage-lenders)
- 🥇 **#1** in Miami Banks
  - [View Full Rankings](https://saferate.com/miami/best-mortgage-lenders/banks)
- 🥇 **#1** in Miami for Conventional Loans
  - [View Full Rankings](https://saferate.com/miami/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Miami for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/miami/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Arecibo, PR
  - [View Full Rankings](https://saferate.com/arecibo-pr/best-mortgage-lenders)
- 🥇 **#1** in Arecibo, PR for Conventional Loans
  - [View Full Rankings](https://saferate.com/arecibo-pr/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Arecibo, PR for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/arecibo-pr/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does FIRSTBANK PUERTO RICO offer?

FIRSTBANK 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.

### Where does FIRSTBANK PUERTO RICO offer mortgages?

FIRSTBANK PUERTO RICO offers mortgages in 1 states: FL.

### How competitive are FIRSTBANK PUERTO RICO's mortgage rates?

FIRSTBANK PUERTO RICO has a pricing score of 69/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.235% below market average.

### What type of lender is FIRSTBANK PUERTO RICO?

FIRSTBANK 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 FIRSTBANK PUERTO RICO's loan approval success rate?

FIRSTBANK PUERTO RICO has a pull-through score of 82/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## 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/firstbank-puerto-ri

### How to Cite

> "FIRSTBANK PUERTO RICO Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/firstbank-puerto-ri

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