Firstbank Puerto Rico Mortgage Rates, Fees & InfoSan Juan,
Tax ID: 66-0183103
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewFirstbank Puerto Rico is a smaller bank specializing in Home Purchase loans. Firstbank Puerto Rico has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: San Juan, Miami, Aguadilla, Arecibo, and Ponce among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)
Firstbank Puerto Rico 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. Firstbank Puerto Rico 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.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.30%||9/18/23|
|30 Year Conventional Refi||6.23%||9/18/23|
|30 Year Cash-out Refi||6.28%||9/18/23|
|30 Year FHA Purchase||6.56%||9/18/23|
|30 Year FHA Refi||6.41%||9/18/23|
|30 Year VA Purchase||5.58%||9/18/23|
|30 Year VA Refi||5.71%||9/18/23|
|30 Year USDA Purchase||6.10%||9/18/23|
|30 Year USDA Refi||5.69%||9/18/23|
|15 Year Conventional Purchase||6.00%||9/18/23|
|15 Year Conventional Refi||5.59%||9/18/23|
|15 Year Cash-out Refi||5.59%||9/18/23|
|15 Year FHA Purchase||6.87%||9/18/23|
|15 Year FHA Refi||6.50%||9/18/23|
|15 Year VA Purchase||6.28%||9/18/23|
|15 Year VA Refi||5.51%||9/18/23|
|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.|
Firstbank Puerto Rico Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Firstbank Puerto Rico. 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)$474,585,000
FIRSTBANK PUERTO RICO - 2022
FIRSTBANK PUERTO RICO is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for FIRSTBANK PUERTO RICO?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Firstbank Puerto Rico'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 0.16%.
Relative Fees (Closing Costs)
Firstbank Puerto Rico's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,342.
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)||1,513||$290,945,000||$192,297||$7,591||4.76%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||323||$108,995,000||$337,446||$5,578||5.05%|
|AGUADILLA-ISABELA, PR (FHA|USDA|VA)||184||$29,150,000||$158,424||$7,784||4.60%|
|Arecibo, PR (FHA|USDA|VA)||69||$8,445,000||$122,391||$6,226||4.43%|
|PONCE, PR (FHA|USDA|VA)||62||$8,340,000||$134,516||$6,711||4.70%|
|SAN GERMÁN, PR (FHA|USDA|VA)||50||$7,640,000||$152,800||$6,739||4.82%|
|JACKSONVILLE, FL (FHA|USDA|VA)||2||$5,760,000||$2,880,000||$0||4.35%|
|MAYAGÜEZ, PR (FHA|USDA|VA)||35||$4,975,000||$142,143||$7,835||4.84%|
|GUAYAMA, PR (FHA|USDA|VA)||23||$2,595,000||$112,826||$5,871||4.46%|
|YAUCO, PR (FHA|USDA|VA)||14||$1,400,000||$100,000||$5,090||4.80%|
|Coamo, PR (FHA|USDA|VA)||12||$1,300,000||$108,333||$5,791||3.80%|
|Coco, PR (FHA|USDA|VA)||11||$1,235,000||$112,273||$6,443||4.59%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||2||$1,110,000||$555,000||$7,972||5.25%|
|Santa Isabel, PR (FHA|USDA|VA)||6||$870,000||$145,000||$8,489||5.17%|
|Key West, FL (FHA|USDA|VA)||1||$695,000||$695,000||$7,753||4.13%|
|Outside of Metro Areas||3||$265,000||$88,333||$3,244||4.38%|
|PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA)||1||$255,000||$255,000||$4,996||3.25%|
|OCALA, FL (FHA|USDA|VA)||1||$255,000||$255,000||$8,374||7.00%|
|Jayuya, PR (FHA|USDA|VA)||2||$200,000||$100,000||$2,824||5.63%|
|SEBRING-AVON PARK, FL (FHA|USDA|VA)||1||$155,000||$155,000||$3,703||3.88%|
We use machine learning to identify the top lenders compared against FIRSTBANK PUERTO RICO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 18
Similarity Rank: 24
Similarity Rank: 40
Similarity Rank: 55
Similarity Rank: 75
Similarity Rank: 90
Similarity Rank: 108
Similarity Rank: 140
Similarity Rank: 144
Similarity Rank: 150
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Firstbank Puerto Rico's most frequently originated type of loan was Conventional, with 1,558 originations. Their 2nd most popular type was FHA, with 455 originations.
For 2022, Firstbank Puerto Rico's most frequently cited loan purpose was Home Purchase, with 1,770 originations. The 2nd most popular reason was Refi, with 253 originations.
For 2022, Firstbank Puerto Rico's most frequently cited loan duration was 30 Year, with 1,939 originations. The 2nd most popular length was 15 Year, with 253 originations.
Origination Fees/Closing Costs
Firstbank Puerto Rico's average total fees were $7,342, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 483 originations.
During 2022, Firstbank Puerto Rico's average interest rate for loans was 4.92%, while their most frequently originated rate bucket for loans was 5-6%, with 793 originations.
2022 saw Firstbank Puerto Rico place emphasis on $100k-200k loans with 1,051 originations, totaling $148,335,000 in origination value.
Firstbank Puerto Rico lent most frequently to those with incomes in the $50k or less range, with 664 originations. The second most popular income band? $50k-75k, with 497 originations.
Applicant Debt to Income Ratio
Firstbank Puerto Rico lent most frequently to those with DTI ratios of 20-30%, with 436 originations. The next most common DTI ratio? 30-36%, with 432 originations.
Approval RatesTotal approvals of all applications
Firstbank Puerto Rico has a below average approval rate.
Pick RateApprovals leading to origination
Firstbank Puerto Rico 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|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|FIRST CITIZENS BANCSHARES, INC.||Home equity loan or line of credit (HELOC)||Applying for a mortgage or refinancing an existing mortgage||1||100.0%|