Hr Mortgage Corp. Rates, Fees & InfoCAGUAS,
Tax ID: 66-0696278
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewHr Mortgage Corp. is a smaller mortgage company specializing in Home Purchase loans. They also have a high ratio of USDA loans. They have a a high proportion of FHA loans. Hr Mortgage Corp. has an average proportion of conventional loans. Their top markets by origination volume include: San Juan, Guayama, Coco, Santa Isabel, and Arecibo among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)
Hr Mortgage Corp. has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Hr Mortgage Corp. is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||7.24%||11/30/23|
|30 Year Conventional Refi||6.27%||11/30/23|
|30 Year Cash-out Refi||7.47%||11/30/23|
|30 Year FHA Purchase||7.44%||11/30/23|
|30 Year FHA Refi||6.74%||11/30/23|
|30 Year VA Purchase||6.45%||11/30/23|
|30 Year USDA Purchase||7.02%||11/30/23|
|30 Year USDA Refi||6.50%||11/30/23|
|15 Year Conventional Purchase||7.76%||11/30/23|
|15 Year FHA Purchase||7.62%||11/30/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Hr Mortgage Corp. Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Hr Mortgage Corp.. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$67,890,000
Hr Mortgage Corp.'s average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.54%.
Relative Fees (Closing Costs)
Hr Mortgage Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $8,535.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
|Market||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA)||522||$62,550,000||$119,828||$8,625||5.30%|
|GUAYAMA, PR (FHA|USDA|VA)||22||$2,170,000||$98,636||$7,254||5.24%|
|Coco, PR (FHA|USDA|VA)||6||$730,000||$121,667||$7,434||4.29%|
|Santa Isabel, PR (FHA|USDA|VA)||5||$705,000||$141,000||$10,607||5.50%|
|Arecibo, PR (FHA|USDA|VA)||5||$525,000||$105,000||$7,106||5.85%|
|AGUADILLA-ISABELA, PR (FHA|USDA|VA)||3||$375,000||$125,000||$7,209||5.25%|
|YAUCO, PR (FHA|USDA|VA)||3||$305,000||$101,667||$8,379||5.25%|
|SAN GERMÁN, PR (FHA|USDA|VA)||2||$180,000||$90,000||$8,022||4.38%|
|Coamo, PR (FHA|USDA|VA)||2||$150,000||$75,000||$5,533||5.88%|
|PONCE, PR (FHA|USDA|VA)||1||$105,000||$105,000||$9,698||5.25%|
|MAYAGÜEZ, PR (FHA|USDA|VA)||1||$95,000||$95,000||$8,467||4.00%|
We use machine learning to identify the top lenders compared against HR MORTGAGE CORP. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Hr Mortgage Corp.'s most frequently originated type of loan was USDA, with 305 originations. Their 2nd most popular type was FHA, with 197 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||14||$1,790,000||$127,857||$9,360||5.61%|
For 2022, Hr Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 556 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Hr Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 565 originations. The 2nd most popular length was 15 Year, with 5 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Hr Mortgage Corp.'s average total fees were $8,535, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 208 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Hr Mortgage Corp.'s average interest rate for loans was 5.30%, while their most frequently originated rate bucket for loans was 5-6%, with 231 originations.
2022 saw Hr Mortgage Corp. place emphasis on $100k-200k loans with 269 originations, totaling $35,465,000 in origination value.
Hr Mortgage Corp. lent most frequently to those with incomes in the $50k or less range, with 417 originations. The second most popular income band? $50k-75k, with 94 originations.
Applicant Debt to Income Ratio
Hr Mortgage Corp. lent most frequently to those with DTI ratios of 30-36%, with 98 originations. The next most common DTI ratio? 20-30%, with 69 originations.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
Hr Mortgage Corp. has a below average approval rate.
Pick RateApprovals leading to origination
Hr Mortgage Corp. has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|