Aguadilla USDA Loan Rates, Closing Costs & Stats

AGUADILLA-ISABELA, PR

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Aguadilla's 15 lenders originated 90 USDA loans during 2023. The total origination value was $11,160,000, with an average USDA loan value of $124,000.

Aguadilla USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Aguadilla averaged -0.71% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Aguadilla's average USDA mortgage closing costs are $5,380.

The average rate for the prior week (2024-11-22) was 5.8% and one month ago for the week of 2024-10-25, the average rate was 5.6%.

The average rate one year ago was 6.8%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.2%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Aguadilla USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Aguadilla level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
FIRSTBANK PUERTO RICO 23 5.55% $7,336
Banco Popular de Puerto Rico 21 5.29% $8,447
Oriental Bank 8 5.53% $7,311
SUN WEST MORTGAGE COMPANY, INC. 6 6.29% $7,931
Capital Mortgage Services Corp. 5 7.40% $6,941
METRO ISLAND MORTGAGE, INC. 5 6.10% $7,761
HOME MORTGAGE BANKERS CORP. 4 6.63% $9,337
HR MORTGAGE CORP. 4 6.25% $9,309
The Lending Center Corporation 3 6.50% $9,395
THE MONEY HOUSE INC. 2 6.75% $5,649
FIRST EQUITY MORTGAGE BANKERS, INC. 2 6.25% $5,630
TRUST MORTGAGE, CORP 2 6.13% $7,923
Cooperativa A/C Oriental 1 6.25% $7,220
COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA 1 6.50% $8,016
Cooperativa de Ahorro y Credito de Rincon 1 4.95% $6,989

The top Aguadilla USDA lender as defined by loan originations is FIRSTBANK PUERTO RICO, with 23 USDA loans originated. Their average total fees are $7,336, which is $1,112 lower than the next largest lender, Banco Popular de Puerto Rico.

The lowest fee Aguadilla USDA lenders (with over 10 loans originated) are FIRSTBANK PUERTO RICO ($7,336), Banco Popular de Puerto Rico ($8,447), .

The lowest rate Aguadilla USDA lenders (with over 10 loans originated) are Banco Popular de Puerto Rico (5.29%), FIRSTBANK PUERTO RICO (5.55%), .