San Juan USDA Loan Rates, Closing Costs & Stats

SAN JUAN-BAYAMÓN-CAGUAS, 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.

    San Juan's 28 lenders originated 896 USDA loans during 2024. The total origination value was $121,640,000, with an average USDA loan value of $135,759.

    San Juan USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in San Juan averaged 6.36% for the week of 2025-04-11, compared to the national average (all USDA variants) of 6.449% for the same period.

    San Juan's average USDA mortgage closing costs are $6,579.

    The average rate for the prior week (2025-04-04) was 6.02% and one month ago for the week of 2025-03-07, the average rate was 6.39%.

    The average rate one year ago was 6.34%.

    For refis of the same type during the week of 2025-04-11, the average rate was 6.17%.

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

    San Juan 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 San Juan level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    HR MORTGAGE CORP. 176 6.49% $7,974
    Banco Popular de Puerto Rico 96 5.31% $10,647
    HOME MORTGAGE BANKERS CORP. 93 6.69% $9,093
    THE MONEY HOUSE INC. 65 6.41% $8,240
    FIRSTBANK PUERTO RICO 64 5.16% $8,728
    TRUST MORTGAGE, CORP 51 6.36% $7,983
    METRO ISLAND MORTGAGE, INC. 48 6.34% $8,153
    PREFERRED MORTGAGE CORPORATION 46 6.36% $8,003
    RM ACTUAL MORTGAGE, INC. 45 6.49% $6,635
    Oriental Bank 35 5.11% $10,221
    Rf Mortgage & Investment Corp 25 6.55% $9,669
    Cooperativa A/C Oriental 25 6.39% $7,078
    COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA 21 6.85% $9,705
    E.M.I. EQUITY MORTGAGE, INC. 16 6.06% $7,149
    VIG MORTGAGE CORPORATION 15 6.78% $7,802
    FIRST EQUITY MORTGAGE BANKERS, INC. 15 6.62% $9,203
    The Lending Center Corporation 11 6.80% $10,237
    SUN WEST MORTGAGE COMPANY, INC. 5 5.87% $8,058
    CALCON MUTUAL MORTGAGE LLC 3 5.92% $9,687
    Capital Mortgage Services Corp. 3 7.58% $8,074
    Senior Mortgage Bankers Inc 2 6.25% $12,018
    CROSSCOUNTRY MORTGAGE, LLC 2 6.69% $9,759
    COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS 2 6.25% $11,805
    COOPERATIVA DE CREDITO LA SAGRADA FAMILIA 1 5.50% $7,597
    MULTIPLES MORTGAGE CORPORATION 1 7.00% $18,505
    COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS 1 6.00% $5,530
    COOPERATIVA DE AHORRO Y CREDITO DR. MANUEL ZENO GANDIA 1 7.25% $12,495
    COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA 1 6.75% $8,290

    The top San Juan USDA lender as defined by loan originations is HR MORTGAGE CORP., with 176 USDA loans originated. Their average total fees are $7,974, which is $2,674 lower than the next largest lender, Banco Popular de Puerto Rico.

    The lowest fee San Juan USDA lenders (with over 10 loans originated) are RM ACTUAL MORTGAGE, INC. ($6,635), Cooperativa A/C Oriental ($7,078), E.M.I. EQUITY MORTGAGE, INC. ($7,149), VIG MORTGAGE CORPORATION ($7,802) and HR MORTGAGE CORP. ($7,974).

    The lowest rate San Juan USDA lenders (with over 10 loans originated) are Oriental Bank (5.11%), FIRSTBANK PUERTO RICO (5.16%), Banco Popular de Puerto Rico (5.31%), E.M.I. EQUITY MORTGAGE, INC. (6.06%) and METRO ISLAND MORTGAGE, INC. (6.34%).