Ponce USDA Loan Rates, Closing Costs & Stats

PONCE, PR

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    • 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.

    Ponce's 11 lenders originated 29 USDA loans during 2024. The total origination value was $3,675,000, with an average USDA loan value of $126,724.

    Ponce USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Ponce averaged 6.5% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

    Ponce's average USDA mortgage closing costs are $5,705.

    The average rate for the prior week (2025-03-28) was 6.46% and one month ago for the week of 2025-02-28, the average rate was 6.51%.

    The average rate one year ago was 6.77%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.42%.

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

    Ponce 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 Ponce level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    RM ACTUAL MORTGAGE, INC. 9 6.75% $7,328
    THE MONEY HOUSE INC. 4 6.63% $8,344
    FIRST EQUITY MORTGAGE BANKERS, INC. 2 6.50% $8,548
    HOME MORTGAGE BANKERS CORP. 2 6.75% $9,358
    Banco Popular de Puerto Rico 2 7.75% $3,996
    Oriental Bank 2 5.50% $9,688
    HR MORTGAGE CORP. 2 6.38% $7,951
    FIRSTBANK PUERTO RICO 2 5.50% $7,649
    METRO ISLAND MORTGAGE, INC. 1 7.50% $3,991
    SUN WEST MORTGAGE COMPANY, INC. 1 6.75% $4,892
    Cooperativa A/C Oriental 1 6.25% $9,155

    The top Ponce USDA lender as defined by loan originations is RM ACTUAL MORTGAGE, INC., with 9 USDA loans originated. Their average total fees are $7,328, which is $1,016 lower than the next largest lender, THE MONEY HOUSE INC..

    The lowest fee Ponce USDA lenders (with over 10 loans originated) are .

    The lowest rate Ponce USDA lenders (with over 10 loans originated) are .