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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.24% 3/24/24
30 Year Conventional Refi 6.27% 3/24/24
30 Year Cash-out Refi 7.47% 3/24/24
30 Year FHA Purchase 7.44% 3/24/24
30 Year FHA Refi 6.74% 3/24/24
30 Year VA Purchase 6.45% 3/24/24
30 Year USDA Purchase 7.02% 3/24/24
30 Year USDA Refi 6.50% 3/24/24
15 Year Conventional Purchase 7.76% 3/24/24
15 Year FHA Purchase 7.62% 3/24/24
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

Estimated 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.


Originations

361

Origination Dollar Volume (All Markets)

$38,455,000

Top 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%
Hr Mortgage Corp.'s top markets include San Juan, Guayama, Ponce, Yauco, and Coco among others.

Their top states include:
  • Puerto Rico (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • 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.

    BANCO SANTANDER PUERTO RICO
    Similarity Rank: 184
    Cooperativa A/C Oriental
    Similarity Rank: 204
    Oriental Bank
    Similarity Rank: 300
    Banco Popular de Puerto Rico
    Similarity Rank: 351

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    USDA 163 $16,415,000 $100,706 $6,428 4.32%
    FHA 151 $16,605,000 $109,967 $7,668 4.56%
    Conventional 31 $3,025,000 $97,581 $5,708 5.60%
    VA 16 $2,410,000 $150,625 $6,018 4.72%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 341 $36,815,000 $107,962 $6,934 4.52%
    Cash Out Refi 17 $1,345,000 $79,118 $5,596 4.96%
    Refi 3 $295,000 $98,333 $6,769 5.00%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 356 $37,910,000 $106,489 $6,875 4.54%
    15 Year 2 $300,000 $150,000 $6,600 4.13%
    10 Year 1 $85,000 $85,000 $6,275 4.50%
    20 Year 1 $65,000 $65,000 $4,512 6.13%
    Other 1 $95,000 $95,000 $7,901 3.75%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 105 $8,855,000 $84,333
    $3k-4k 91 $9,465,000 $104,011
    $1k-2k 57 $4,505,000 $79,035
    $4k-5k 46 $5,800,000 $126,087
    $5k+ 36 $7,260,000 $201,667
    $<1k 20 $1,880,000 $94,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 198 $15,160,000 $76,566 $5,523 4.64%
    $100k-200k 143 $18,255,000 $127,657 $7,762 4.42%
    $200k-400k 20 $5,040,000 $252,000 $14,089 4.45%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 274 $25,940,000 $94,672 $6,397 4.49%
    $50k-75k 56 $6,600,000 $117,857 $7,179 4.67%
    $75k-100k 19 $3,125,000 $164,474 $8,227 4.80%
    $100k-150k 8 $2,100,000 $262,500 $15,193 4.42%
    $150k-250k 1 $275,000 $275,000 $17,018 4.75%
    $250k+ 1 $205,000 $205,000 $16,377 5.38%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 72 $7,020,000 $97,500 $6,605 4.55%
    20-30% 55 $5,245,000 $95,364 $5,873 4.43%
    40% 25 $2,755,000 $110,200 $6,525 4.60%
    37% 22 $2,320,000 $105,455 $6,899 4.38%
    45% 22 $2,390,000 $108,636 $7,457 4.65%
    42% 21 $2,665,000 $126,905 $8,458 4.82%
    41% 20 $2,050,000 $102,500 $6,615 4.36%
    43% 17 $1,955,000 $115,000 $7,903 4.39%
    39% 16 $1,930,000 $120,625 $7,225 4.61%
    38% 15 $1,285,000 $85,667 $5,442 4.62%
    49% 14 $1,490,000 $106,429 $7,751 4.79%
    36% 13 $1,525,000 $117,308 $6,762 4.59%
    47% 13 $1,475,000 $113,462 $7,792 4.57%
    50-60% 11 $1,415,000 $128,636 $7,707 4.25%
    44% 11 $1,375,000 $125,000 $7,735 4.78%
    48% 4 $500,000 $125,000 $8,231 4.50%
    46% 4 $550,000 $137,500 $7,576 4.13%
    <20% 4 $370,000 $92,500 $5,765 4.81%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 316 $33,890,000 $107,247 $6,943 4.53%
    Black 42 $4,290,000 $102,143 $6,386 4.59%
    American Indian 1 $145,000 $145,000 $7,374 5.25%
    Not provided 2 $130,000 $65,000 $5,213 5.63%

    Approval Rates

    Total approvals of all applications
    78.57%

    Hr Mortgage Corp. has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.21%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $120,000 $60,000 $4,484 4.63%
    40-60% 10 $670,000 $67,000 $5,211 4.84%
    60-80% 48 $3,600,000 $75,000 $5,654 4.82%
    80-100% 291 $32,885,000 $113,007 $7,074 4.49%
    Over 100% 10 $1,180,000 $118,000 $8,690 4.38%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    HR MORTGAGE CORPORATION FHA mortgage Closing on a mortgage 1 100.0%