Hr Mortgage Corp. Rates, Fees & Info
CAGUAS,LEI: 549300T6MV7ZAIL4N325
Tax ID: 66-0696278
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Mortgage Data
Review & Overview
Hr 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, Ponce, Yauco, and Coco among others. We have data for 10 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 a below average pick rate when compared to similar lenders. Hr Mortgage Corp. is typically an average 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 about average 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.24% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 7.47% | 12/16/24 |
| 30 Year FHA Purchase | 7.44% | 12/16/24 |
| 30 Year FHA Refi | 6.74% | 12/16/24 |
| 30 Year VA Purchase | 6.45% | 12/16/24 |
| 30 Year USDA Purchase | 7.02% | 12/16/24 |
| 30 Year USDA Refi | 6.50% | 12/16/24 |
| 15 Year Conventional Purchase | 7.76% | 12/16/24 |
| 15 Year FHA Purchase | 7.62% | 12/16/24 |
| 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 Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
361Origination Dollar Volume (All Markets)
$38,455,000Top Markets
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) | 327 | $35,315,000 | $107,997 | $6,919 | 4.55% |
| GUAYAMA, PR (FHA|USDA|VA) | 18 | $1,360,000 | $75,556 | $5,330 | 4.39% |
| PONCE, PR (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $12,706 | 4.38% |
| YAUCO, PR (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $5,132 | 4.63% |
| Coco, PR (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $5,612 | 4.67% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $6,559 | 5.00% |
| Arecibo, PR (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $9,663 | 4.50% |
| Outside of Metro Areas | 1 | $155,000 | $155,000 | $10,623 | 5.00% |
| Santa Isabel, PR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,312 | 3.75% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $6,689 | 4.50% |
Similar Lenders
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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Product Mix
For 2019, Hr Mortgage Corp.'s most frequently originated type of loan was USDA, with 163 originations. Their 2nd most popular type was FHA, with 151 originations.
Loan Reason
For 2019, Hr Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 341 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.
Loan Duration/Length
For 2019, Hr Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 356 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Hr Mortgage Corp.'s average total fees were $6,875, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 105 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 201 | $21,035,000 | $104,652 |
| 3-4% | 99 | $11,305,000 | $114,192 |
| 5-6% | 47 | $4,635,000 | $98,617 |
| 6-7% | 8 | $790,000 | $98,750 |
During 2019, Hr Mortgage Corp.'s average interest rate for loans was 4.54%, while their most frequently originated rate bucket for loans was 4-5%, with 201 originations.
Loan Sizing
2019 saw Hr Mortgage Corp. place emphasis on $100,000 or less loans with 198 originations, totaling $15,160,000 in origination value.
Applicant Income
Hr Mortgage Corp. lent most frequently to those with incomes in the $50k or less range, with 274 originations. The second most popular income band? $50k-75k, with 56 originations.
Applicant Debt to Income Ratio
Hr Mortgage Corp. lent most frequently to those with DTI ratios of 30-36%, with 72 originations. The next most common DTI ratio? 20-30%, with 55 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.57%
Hr Mortgage Corp. has a below average approval rate.
Pick Rate
Approvals leading to origination84.21%
Hr Mortgage Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 361 | $38,455,000 | $106,524 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 361 | $38,455,000 | $106,524 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HR MORTGAGE CORPORATION | FHA mortgage | Closing on a mortgage | 1 | 100.0% |