Santa Isabel VA Loan Rates, Closing Costs & Stats

Santa Isabel, PR

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    • 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.

    Santa Isabel's 3 lenders originated 4 VA loans during 2024. The total origination value was $850,000, with an average VA loan value of $212,500.

    Santa Isabel VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Santa Isabel averaged 6.29% for the week of 2025-04-11, compared to the national average (all VA variants) of 6.292% for the same period.

    Santa Isabel's average VA mortgage closing costs are $6,957.

    The average rate for the prior week (2025-04-04) was 6.13% and one month ago for the week of 2025-03-07, the average rate was 6.12%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2025-04-11, the average rate was 0%.

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

    Santa Isabel 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 Santa Isabel level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    PENTAGON FEDERAL CREDIT UNION 2 5.88% $10,585
    FIRSTBANK PUERTO RICO 1 5.75% $7,373
    SUN WEST MORTGAGE COMPANY, INC. 1 4.50% $19,163

    The top Santa Isabel VA lender as defined by loan originations is PENTAGON FEDERAL CREDIT UNION, with 2 VA loans originated. Their average total fees are $10,585, which is $3,212 higher than the next largest lender, FIRSTBANK PUERTO RICO.

    The lowest fee Santa Isabel VA lenders (with over 10 loans originated) are .

    The lowest rate Santa Isabel VA lenders (with over 10 loans originated) are .

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.