The Money House Mortgage Rates, Fees & Info

San Juan,

LEI: 549300TDRENNEZ2S6M03

Tax ID: 66-0545351

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

Jump to:

Mortgage Data

  • Originations
  • 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, Orlando, San GermÁn, and Aguadilla among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Money House 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. 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.


    Originations

    418

    Origination Dollar Volume (All Markets)

    $50,950,000

    Awards

    THE MONEY HOUSE 30 Year Conventional Loans silver THE MONEY HOUSE USDA Loans gold THE MONEY HOUSE VA Loans bronze
    Show all (3) awards

    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) 234 $28,760,000 $122,906 $6,033 4.79%
    PONCE, PR (FHA|USDA|VA) 51 $4,975,000 $97,549 $5,192 4.77%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 18 $4,110,000 $228,333 $7,133 4.27%
    SAN GERMÁN, PR (FHA|USDA|VA) 33 $3,705,000 $112,273 $5,430 4.70%
    AGUADILLA-ISABELA, PR (FHA|USDA|VA) 19 $2,255,000 $118,684 $5,976 4.95%
    MAYAGÜEZ, PR (FHA|USDA|VA) 15 $1,365,000 $91,000 $4,691 4.72%
    YAUCO, PR (FHA|USDA|VA) 12 $1,070,000 $89,167 $4,378 4.55%
    Coamo, PR (FHA|USDA|VA) 6 $770,000 $128,333 $4,131 4.42%
    Arecibo, PR (FHA|USDA|VA) 6 $560,000 $93,333 $4,244 5.38%
    OCALA, FL (FHA|USDA|VA) 3 $445,000 $148,333 $5,773 4.67%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $440,000 $220,000 $5,706 4.38%
    Coco, PR (FHA|USDA|VA) 4 $410,000 $102,500 $5,070 4.38%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $390,000 $195,000 $7,000 3.69%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $355,000 $355,000 $12,985 4.50%
    GUAYAMA, PR (FHA|USDA|VA) 4 $320,000 $80,000 $5,299 5.31%
    Jayuya, PR (FHA|USDA|VA) 3 $315,000 $105,000 $5,637 4.71%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $290,000 $145,000 $6,545 4.38%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $8,750 4.63%
    Santa Isabel, PR (FHA|USDA|VA) 2 $200,000 $100,000 $5,385 4.38%
    The Money House's top markets include San Juan, Ponce, Orlando, San GermÁn, and Aguadilla among others.

    Their top states include:
  • Puerto Rico (FHA|USDA|VA)
  • Florida (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 DE MANATI INC.
    Similarity Rank: 24
    Cooperativa de Ahorro y Credito de Rincon
    Similarity Rank: 50
    Cooperativa De Credito Y Ahorro San Jose
    Similarity Rank: 56
    COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA
    Similarity Rank: 86
    Cooperativa Ahorro y Credito Aguadilla
    Similarity Rank: 141
    COOPERATIVA DE CREDITO LA SAGRADA FAMILIA
    Similarity Rank: 172
    BANCO SANTANDER PUERTO RICO
    Similarity Rank: 184
    Cooperativa A/C Oriental
    Similarity Rank: 204
    LATIN AMERICAN FINANCIAL CORPORATION
    Similarity Rank: 335
    McCoy Federal Credit Union
    Similarity Rank: 342

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 252 $30,110,000 $119,484 $6,300 4.66%
    Conventional 65 $7,405,000 $113,923 $4,927 5.63%
    VA 47 $7,645,000 $162,660 $4,925 4.68%
    USDA 47 $4,885,000 $103,936 $5,000 4.35%
    FHA 7 $905,000 $129,286 $0 2.77%

    For 2019, The Money House's most frequently originated type of loan was FHA, with 252 originations. Their 2nd most popular type was Conventional, with 65 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 381 $46,455,000 $121,929 $5,787 4.77%
    Refi 26 $2,760,000 $106,154 $5,471 4.76%
    Cash Out Refi 9 $1,525,000 $169,444 $7,556 3.49%
    Home Improvement 1 $135,000 $135,000 $3,157 3.75%
    Other 1 $75,000 $75,000 $4,438 5.75%

    For 2019, The Money House's most frequently cited loan purpose was Home Purchase, with 381 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 398 $48,510,000 $121,884 $5,791 4.77%
    15 Year 8 $1,060,000 $132,500 $5,321 4.88%
    Other 7 $905,000 $129,286 $0 2.77%
    20 Year 3 $335,000 $111,667 $6,362 6.33%
    10 Year 2 $140,000 $70,000 $4,739 4.13%

    For 2019, The Money House's most frequently cited loan duration was 30 Year, with 398 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 167 $19,455,000 $116,497
    $1k-2k 107 $12,605,000 $117,804
    $2k-3k 80 $8,370,000 $104,625
    $3k-4k 25 $3,685,000 $147,400
    $4k-5k 11 $2,085,000 $189,545
    $5k+ 6 $1,480,000 $246,667

    The Money House's average total fees were $5,791, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 167 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 255 $30,275,000 $118,725
    3-4% 70 $10,510,000 $150,143
    5-6% 65 $7,125,000 $109,615
    6-7% 18 $1,830,000 $101,667
    <2.5% 5 $815,000 $163,000
    7-8% 2 $180,000 $90,000
    Over 8% 2 $180,000 $90,000
    2.5-3% 1 $35,000 $35,000

    During 2019, The Money House's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 255 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 190 $25,770,000 $135,632 $6,384 4.68%
    $100,000 or less 182 $13,240,000 $72,747 $4,468 4.87%
    $200k-400k 46 $11,940,000 $259,565 $8,442 4.51%

    2019 saw The Money House place emphasis on $100k-200k loans with 190 originations, totaling $25,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 246 $23,680,000 $96,260 $5,225 4.70%
    $50k-75k 75 $10,675,000 $142,333 $6,052 4.60%
    $75k-100k 52 $8,280,000 $159,231 $6,450 4.88%
    $100k-150k 25 $4,025,000 $161,000 $7,475 5.00%
    $150k-250k 13 $2,765,000 $212,692 $7,447 4.77%
    $250k+ 7 $1,525,000 $217,857 $7,907 5.79%

    The Money House lent most frequently to those with incomes in the $50k or less range, with 246 originations. The second most popular income band? $50k-75k, with 75 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 206 $23,860,000 $115,825 $5,602 4.83%
    20-30% 148 $18,740,000 $126,622 $5,834 4.66%
    30-36% 48 $5,900,000 $122,917 $6,133 4.72%
    36% 4 $600,000 $150,000 $6,664 4.25%
    37% 4 $520,000 $130,000 $5,667 4.59%
    38% 3 $285,000 $95,000 $5,866 4.75%
    39% 3 $645,000 $215,000 $7,660 4.71%
    40% 1 $145,000 $145,000 $6,262 4.75%
    41% 1 $255,000 $255,000 $8,023 4.50%

    The Money House lent most frequently to those with DTI ratios of <20%, with 206 originations. The next most common DTI ratio? 20-30%, with 148 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 383 $46,365,000 $121,057 $5,788 4.74%
    Not provided 23 $3,365,000 $146,304 $5,697 4.63%
    Black 11 $1,065,000 $96,818 $5,778 5.23%
    Native Hawaiian or Islander 1 $155,000 $155,000 $5,117 4.75%

    Approval Rates

    Total approvals of all applications
    80.36%

    The Money House has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    57.42%

    The Money House has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 418 $50,950,000 $121,890

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 418 $50,950,000 $121,890

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $205,000 $41,000 $3,514 4.47%
    40-60% 24 $1,930,000 $80,417 $4,204 4.71%
    60-80% 51 $4,795,000 $94,020 $5,817 5.20%
    80-100% 300 $37,730,000 $125,767 $5,839 4.69%
    Over 100% 38 $6,290,000 $165,526 $6,297 4.60%