Guayama USDA Loan Rates, Closing Costs & Stats
GUAYAMA, 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.
Guayama's 17 lenders originated 61 USDA loans during 2023. The total origination value was $5,295,000, with an average USDA loan value of $86,803.
Guayama USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Guayama
averaged
6.93%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Guayama's average USDA mortgage closing costs are $5,287.
The average rate for the prior week (2024-04-12) was
6.58% and
one month ago for the week of 2024-03-15, the
average rate was 6.67%.
The average rate one year ago was 6.21%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.76%.
Guayama 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 Guayama level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| HR MORTGAGE CORP. | 11 | 6.48% | $6,218 |
| Oriental Bank | 6 | 5.54% | $6,334 |
| Banco Popular de Puerto Rico | 5 | 6.85% | $5,466 |
| THE MONEY HOUSE INC. | 5 | 6.75% | $5,984 |
| PREFERRED MORTGAGE CORPORATION | 4 | 6.69% | $6,921 |
| RM ACTUAL MORTGAGE, INC. | 4 | 7.00% | $5,105 |
| METRO ISLAND MORTGAGE, INC. | 3 | 6.67% | $6,055 |
| FIRSTBANK PUERTO RICO | 3 | 5.42% | $5,665 |
| FIRST EQUITY MORTGAGE BANKERS, INC. | 3 | 6.92% | $6,702 |
| HOME MORTGAGE BANKERS CORP. | 3 | 7.17% | $5,244 |
| SUN WEST MORTGAGE COMPANY, INC. | 2 | 6.88% | $4,926 |
| Rf Mortgage & Investment Corp | 2 | 7.38% | $6,855 |
| VIG MORTGAGE CORPORATION | 2 | 7.13% | $6,343 |
| E.M.I. EQUITY MORTGAGE, INC. | 1 | 6.50% | $4,897 |
| The Lending Center Corporation | 1 | 7.00% | $6,653 |
| Capital Mortgage Services Corp. | 1 | 7.75% | $6,265 |
| Cooperativa de A/C de Maunabo | 1 | 6.50% | $505 |
The top Guayama USDA lender as defined by loan originations is HR MORTGAGE CORP., with
11 USDA loans originated. Their average total fees are
$6,218, which is $116
lower than the next largest lender,
Oriental Bank.
The lowest fee Guayama USDA lenders (with over 10 loans originated) are
HR MORTGAGE CORP. ($6,218), .
The lowest rate Guayama USDA lenders (with over 10 loans originated) are
HR MORTGAGE CORP. (6.48%), .