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
-0.51%
for the week of 2024-11-15, 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 (2024-11-08) was
5.75% and
one month ago for the week of 2024-10-11, the
average rate was 5.71%.
The average rate one year ago was 6.64%.
For refis of the same type during the week of 2024-11-15, the average rate
was 0%.
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%), .