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Banco Popular de Puerto Rico
Bank|San Juan, PR|unknown
Loans Originated
2,172
Applications
3,266
Volume
$554 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Exceptional
Safe Rate Awards💎FHA Champion💎Jumbo Champion⭐Conventional Superstar⭐VA Superstar⭐USDA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.212%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,371
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
66.5%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
Report Card
Banco Popular de Puerto Rico performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
Jumbo | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Exceptional | Varies · 7 metro areas · 0 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$255,387
Average Borrower Income
$144,012
Average Property Value
$327,353
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Acceptable | Exceptional | 976 | 44.9% | +0.589% | $2,657 |
FHA Loans | Exceptional | Exceptional | Exceptional | Strong | 790 | 36.4% | -0.197% | $1,974 |
VA Loans | Strong | Strong | Strong | Strong | 180 | 8.3% | -0.645% | $2,453 |
Jumbo Loans | Exceptional | Exceptional | Exceptional | Strong | 73 | 3.4% | -0.261% | $1,137 |
USDA Loans | Strong | Exceptional | Sound | Strong | 153 | 7.0% | -0.025% | $2,416 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Sound | Strong | 1,934 | 89.0% | +0.162% | $2,325 |
Refinance | Sound | Strong | Acceptable | Strong | 238 | 11.0% | +0.564% | $2,694 |
Geographic Coverage
Metro Areas
6
States Served
0
We count Washington DC as a state
Avg Place Specialization
Exceptional
Top Metro Areas by Place Specialization Score
1
San Juan, PRMSA
Volume: 1,530Mix: 70.44%
Place Specialization
Exceptional
2
Mayaguez, PR, PRMSA
Volume: 224Mix: 10.31%
Place Specialization
Exceptional
3
Aguadilla, PR, PRMSA
Volume: 163Mix: 7.50%
Place Specialization
Exceptional
4
Arecibo, PR, PRMSA
Volume: 80Mix: 3.68%
Place Specialization
Exceptional
5
Ponce, PR, PRMSA
Volume: 116Mix: 5.34%
Place Specialization
Exceptional
6
Guayama, PR, PRMSA
Volume: 19Mix: 0.87%
Place Specialization
Strong
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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