San GermÁn VA Loan Rates, Closing Costs & Stats
SAN GERMÁN, PR
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.
For additional benefits of VA loans, click here.
San GermÁn's 9 lenders originated 32 VA loans during 2024. The total origination value was $7,980,000, with an average VA loan value of $249,375.
San GermÁn VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in San GermÁn
averaged
6.43%
for the week of 2025-05-23, compared to the national average (all VA variants) of
6.52% for the same period.
San GermÁn's average VA mortgage closing costs are $7,139.
The average rate for the prior week (2025-05-16) was
6.52% and
one month ago for the week of 2025-04-18, the
average rate was 6.19%.
The average rate one year ago was 6.31%.
For refis of the same type during the week of 2025-05-23, the average rate
was 6.52%.
San GermÁn VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the San GermÁn level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Banco Popular de Puerto Rico | 15 | 5.23% | $10,348 |
| Oriental Bank | 3 | 5.17% | $20,564 |
| FIRSTBANK PUERTO RICO | 3 | 5.50% | $7,623 |
| PENTAGON FEDERAL CREDIT UNION | 2 | 6.06% | $6,386 |
| E.M.I. EQUITY MORTGAGE, INC. | 2 | 5.75% | $14,103 |
| PREFERRED MORTGAGE CORPORATION | 2 | 6.50% | $9,200 |
| Senior Mortgage Bankers Inc | 1 | 6.25% | $21,004 |
| SUN WEST MORTGAGE COMPANY, INC. | 1 | 6.75% | $17,584 |
| THE MONEY HOUSE INC. | 1 | 6.00% | $11,075 |
The top San GermÁn VA lender as defined by loan originations is Banco Popular de Puerto Rico, with
15 VA loans originated. Their average total fees are
$10,348, which is $10,216
lower than the next largest lender,
Oriental Bank.
The lowest fee San GermÁn VA lenders (with over 10 loans originated) are
Banco Popular de Puerto Rico ($10,348), .
The lowest rate San GermÁn VA lenders (with over 10 loans originated) are
Banco Popular de Puerto Rico (5.23%), .