The Money House Mortgage Rates, Fees & Info

San Juan,

LEI: 549300TDRENNEZ2S6M03

Tax ID: 66-0545351

4.5 stars - Updated: 4/5/25 - out of 5 stars, based on 35 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The Money House is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. The Money House has an average proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: San Juan, Ponce, Aguadilla, San GermÁn, and Arecibo among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Money House has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Money House 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 5.86% 4/5/25
    30 Year Conventional Refi 5.86% 4/5/25
    30 Year Cash-out Refi 5.79% 4/5/25
    30 Year FHA Purchase 5.91% 4/5/25
    30 Year FHA Refi 5.75% 4/5/25
    30 Year VA Purchase 6.50% 4/5/25
    30 Year USDA Purchase 6.14% 4/5/25
    15 Year Conventional Purchase 4.63% 4/5/25
    15 Year Conventional Refi 5.29% 4/5/25
    15 Year Cash-out Refi 5.29% 4/5/25
    15 Year FHA Purchase 5.12% 4/5/25
    15 Year FHA Refi 5.77% 4/5/25
    15 Year VA Purchase 6.00% 4/5/25
    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.

    The Money House Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Money House. 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

    1,219

    Origination Dollar Volume (All Markets)

    $176,765,000
    Show all (11) awards

    Relative Rate

    The Money House's average 30 year fixed mortgage rate was 6.6%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.05%.

    Relative Fees (Closing Costs)

    The Money House's average total fees/closing costs for a 30 year fixed rate mortgage were $8,644.

    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 $8,356.

    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) 811 $128,275,000 $158,169 $9,018 6.63%
    PONCE, PR (FHA|USDA|VA) 126 $14,420,000 $114,444 $8,295 6.47%
    AGUADILLA-ISABELA, PR (FHA|USDA|VA) 38 $6,350,000 $167,105 $8,438 6.57%
    SAN GERMÁN, PR (FHA|USDA|VA) 54 $6,070,000 $112,407 $7,225 6.54%
    Arecibo, PR (FHA|USDA|VA) 38 $5,400,000 $142,105 $8,367 6.67%
    MAYAGÜEZ, PR (FHA|USDA|VA) 44 $4,980,000 $113,182 $7,837 6.49%
    YAUCO, PR (FHA|USDA|VA) 32 $3,080,000 $96,250 $6,979 6.58%
    GUAYAMA, PR (FHA|USDA|VA) 34 $2,760,000 $81,176 $6,473 6.78%
    Coamo, PR (FHA|USDA|VA) 20 $2,390,000 $119,500 $8,287 6.56%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $850,000 $212,500 $9,470 6.41%
    Coco, PR (FHA|USDA|VA) 8 $690,000 $86,250 $6,020 6.69%
    Santa Isabel, PR (FHA|USDA|VA) 7 $665,000 $95,000 $7,218 6.41%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $475,000 $475,000 $22,042 5.63%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $275,000 $275,000 $13,781 6.00%
    Jayuya, PR (FHA|USDA|VA) 1 $85,000 $85,000 $11,808 5.75%
    The Money House's top markets include San Juan, Ponce, Aguadilla, San GermÁn, and Arecibo among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against THE MONEY HOUSE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS
    Similarity Rank: 4
    COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS
    Similarity Rank: 10
    Cooperativa de Ahorro y Credito Jesus Obrero
    Similarity Rank: 20
    COOPERATIVA DE AHORRO Y CREDITO DE LARES
    Similarity Rank: 42
    COOPERATIVA DE AHORRO Y CREDITO DE ISABELA
    Similarity Rank: 42
    Cooperativa de Ahorro y Credito de Rincon
    Similarity Rank: 45
    COOPERATIVA DE CREDITO LA SAGRADA FAMILIA
    Similarity Rank: 48
    COOPERATIVA DE AHORRO Y CREDITO CAGUAS
    Similarity Rank: 74
    COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC.
    Similarity Rank: 117
    CARIBE FEDERAL CREDIT UNION
    Similarity Rank: 161

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 826 $115,700,000 $140,073 $9,214 6.49%
    Conventional 228 $32,840,000 $144,035 $6,887 7.12%
    USDA 105 $14,765,000 $140,619 $7,920 6.40%
    VA 58 $13,240,000 $228,276 $8,527 6.45%
    FHA 2 $220,000 $110,000 $0 7.24%

    For 2024, The Money House's most frequently originated type of loan was FHA, with 826 originations. Their 2nd most popular type was Conventional, with 228 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,162 $169,170,000 $145,585 $8,625 6.60%
    Cash Out Refi 30 $4,010,000 $133,667 $8,057 6.74%
    Refi 24 $3,240,000 $135,000 $10,145 6.50%
    Other 2 $210,000 $105,000 $7,304 6.25%
    Home Improvement 1 $135,000 $135,000 $3,838 6.50%

    For 2024, The Money House's most frequently cited loan purpose was Home Purchase, with 1,162 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,200 $174,360,000 $145,300 $8,644 6.60%
    15 Year 14 $1,720,000 $122,857 $7,407 6.38%
    Other 4 $320,000 $80,000 $4,463 6.77%
    20 Year 1 $365,000 $365,000 $22,098 6.25%

    For 2024, The Money House's most frequently cited loan duration was 30 Year, with 1,200 originations. The 2nd most popular length was 15 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 308 $38,280,000 $124,286
    $2k-3k 306 $28,970,000 $94,673
    $5k+ 211 $54,605,000 $258,791
    $4k-5k 160 $25,460,000 $159,125
    $<1k 116 $20,310,000 $175,086
    $1k-2k 115 $8,755,000 $76,130

    The Money House's average total fees were $8,644, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 308 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 847 $119,505,000 $141,092
    5-6% 180 $29,400,000 $163,333
    7-8% 177 $26,375,000 $149,011
    Over 8% 14 $1,450,000 $103,571

    During 2024, The Money House's average interest rate for loans was 6.60%, while their most frequently originated rate bucket for loans was 6-7%, with 847 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 612 $86,450,000 $141,258 $8,610 6.54%
    $100,000 or less 402 $29,330,000 $72,960 $5,874 6.72%
    $200k-400k 176 $47,240,000 $268,409 $13,391 6.53%
    $400k-600k 28 $13,100,000 $467,857 $18,284 6.79%
    $600k-1MM 1 $645,000 $645,000 $22,232 6.63%

    2024 saw The Money House place emphasis on $100k-200k loans with 612 originations, totaling $86,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 641 $64,485,000 $100,601 $7,206 6.56%
    $50k-75k 265 $40,885,000 $154,283 $9,108 6.55%
    $100k-150k 126 $28,810,000 $228,651 $11,356 6.72%
    $75k-100k 116 $21,690,000 $186,983 $9,741 6.61%
    $150k-250k 44 $12,180,000 $276,818 $13,217 6.88%
    $250k+ 27 $8,715,000 $322,778 $12,841 7.18%

    The Money House lent most frequently to those with incomes in the $50k or less range, with 641 originations. The second most popular income band? $50k-75k, with 265 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 226 $31,810,000 $140,752 $8,266 6.63%
    20-30% 181 $25,805,000 $142,569 $8,728 6.57%
    36% 82 $10,520,000 $128,293 $7,666 6.61%
    48% 59 $9,205,000 $156,017 $9,596 6.50%
    42% 58 $7,810,000 $134,655 $7,584 6.82%
    49% 58 $9,650,000 $166,379 $10,048 6.45%
    39% 57 $8,405,000 $147,456 $8,993 6.59%
    40% 57 $8,005,000 $140,439 $8,074 6.59%
    41% 52 $6,440,000 $123,846 $7,566 6.76%
    44% 52 $8,070,000 $155,192 $8,559 6.66%
    45% 52 $7,280,000 $140,000 $8,655 6.63%
    43% 49 $8,805,000 $179,694 $9,781 6.66%
    37% 47 $6,715,000 $142,872 $8,917 6.70%
    50-60% 44 $8,300,000 $188,636 $10,704 6.39%
    38% 41 $5,405,000 $131,829 $8,281 6.57%
    47% 36 $5,620,000 $156,111 $9,646 6.49%
    46% 33 $4,455,000 $135,000 $8,302 6.56%
    <20% 32 $4,090,000 $127,813 $7,585 6.58%
    >60% 1 $155,000 $155,000 $7,943 5.75%

    The Money House lent most frequently to those with DTI ratios of 30-36%, with 226 originations. The next most common DTI ratio? 20-30%, with 181 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Black 765 $112,265,000 $146,752 $8,551 6.64%
    White 381 $54,635,000 $143,399 $8,804 6.51%
    Not provided 68 $9,320,000 $137,059 $8,747 6.67%
    Not applicable 2 $220,000 $110,000 $8,337 6.25%
    Asian 1 $125,000 $125,000 $5,268 6.50%
    Asian Indian 1 $125,000 $125,000 $6,292 7.63%
    American Indian 1 $75,000 $75,000 $5,543 7.00%

    Approval Rates

    Total approvals of all applications
    92.56%

    The Money House has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.01%

    The Money House has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,219 $176,765,000 $145,008

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,219 $176,765,000 $145,008

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $1,980,000 $58,235 $4,430 6.77%
    40-60% 138 $11,890,000 $86,159 $6,376 6.75%
    60-80% 458 $54,600,000 $119,214 $7,664 6.70%
    80-100% 565 $103,275,000 $182,788 $9,993 6.48%
    Over 100% 22 $4,910,000 $223,182 $14,539 6.52%
    Under 20% 2 $110,000 $55,000 $5,733 7.25%