San Juan FHA Loan Rates, Closing Costs & Stats
SAN JUAN-BAYAMÓN-CAGUAS, PR
FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.
FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.
While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.
For additional requirements as defined by the FHA, click here.
San Juan's 28 lenders originated 4,435 FHA loans during 2023. The total origination value was $654,975,000, with an average FHA loan value of $147,683.
San Juan FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in San Juan
averaged
5.91%
for the week of 2024-12-13, compared to the national average (all FHA variants) of
6.277% for the same period.
San Juan's average FHA mortgage closing costs are $8,221.
The average rate for the prior week (2024-12-06) was
5.88% and
one month ago for the week of 2024-11-08, the
average rate was 6.14%.
The average rate one year ago was 6.56%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.09%.
San Juan FHA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the San Juan level.
The top San Juan FHA lender as defined by loan originations is THE MONEY HOUSE INC., with
594 FHA loans originated. Their average total fees are
$8,876, which is $1,916
lower than the next largest lender,
FIRSTBANK PUERTO RICO.
The lowest fee San Juan FHA lenders (with over 10 loans originated) are
COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA ($7,303), E.M.I. EQUITY MORTGAGE, INC. ($8,036), Cooperativa A/C Oriental ($8,255), RM ACTUAL MORTGAGE, INC. ($8,274) and HR MORTGAGE CORP. ($8,795).
The lowest rate San Juan FHA lenders (with over 10 loans originated) are
Banco Popular de Puerto Rico (5.17%), FIRSTBANK PUERTO RICO (5.39%), Oriental Bank (5.69%), TRUST MORTGAGE, CORP (6.24%) and PREFERRED MORTGAGE CORPORATION (6.41%).
San Juan FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
SAN JUAN-BAYAMON-CAGUAS, PR | AGUAS BUENAS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | AIBONITO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | BARCELONETA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | BARRANQUITAS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | BAYAMON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | CAGUAS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | CANOVANAS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | CAROLINA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | CATANO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | CAYEY | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | CEIBA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | CIALES | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | CIDRA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | COMERIO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | COROZAL | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | DORADO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | FAJARDO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | FLORIDA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | GUAYNABO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | GURABO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | HUMACAO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | JUNCOS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | LAS PIEDRAS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | LOIZA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | LUQUILLO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | MANATI | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | MAUNABO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | MOROVIS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | NAGUABO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | NARANJITO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | OROCOVIS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | RIO GRANDE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | SAN JUAN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | SAN LORENZO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | TOA ALTA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | TOA BAJA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | TRUJILLO ALTO | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | VEGA ALTA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | VEGA BAJA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | YABUCOA | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
SAN JUAN-BAYAMON-CAGUAS, PR | AGUAS BUENAS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | AIBONITO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | BARCELONETA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | BARRANQUITAS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | BAYAMON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | CAGUAS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | CANOVANAS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | CAROLINA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | CATANO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | CAYEY | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | CEIBA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | CIALES | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | CIDRA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | COMERIO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | COROZAL | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | DORADO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | FAJARDO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | FLORIDA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | GUAYNABO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | GURABO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | HUMACAO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | JUNCOS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | LAS PIEDRAS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | LOIZA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | LUQUILLO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | MANATI | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | MAUNABO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | MOROVIS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | NAGUABO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | NARANJITO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | OROCOVIS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | RIO GRANDE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | SAN JUAN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | SAN LORENZO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | TOA ALTA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | TOA BAJA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | TRUJILLO ALTO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | VEGA ALTA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | VEGA BAJA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SAN JUAN-BAYAMON-CAGUAS, PR | YABUCOA | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |