AGUADILLA - ISABELA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Aguadilla - Isabela averaged
6.52%
for the week of 2024-04-18, compared to the national average of
7.1% for the same period.
The average rate for the prior week (2024-04-11) was
6.4% and
one month ago for the week of 2024-03-14, the
average rate was 6.36%.
Aguadilla - Isabela's average rate one year ago was 5.69%.
For refis of the same type during the week of 2024-04-18, the average rate
was 7.7%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-18 | 7.1% |
| Aguadilla - Isabela 30 Year Fixed Rate | 2024-04-18 | 6.52% |
| Aguadilla - Isabela 30 Year Fixed Rate Refi | 2024-04-18 | 7.7% |
| Aguadilla - Isabela 15 Year Fixed Rate | 2024-04-18 | 6.59% |
| Aguadilla - Isabela 15 Year Fixed Rate Refi | 2024-04-18 | 6.49% |
| Aguadilla - Isabela 30 Year FHA | 2024-04-18 | 6.11% |
| Aguadilla - Isabela 30 Year FHA Refi | 2024-04-18 | 6.76% |
| Aguadilla - Isabela 30 Year USDA | 2024-04-18 | 5.92% |
| Aguadilla - Isabela 30 Year USDA Refi | 2024-04-18 | 7.06% |
| Aguadilla - Isabela 30 Year VA | 2024-04-18 | 6.66% |
| Aguadilla - Isabela 30 Year VA Refi | 2024-04-18 | 6.86% |
AGUADILLA - ISABELA Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the AGUADILLA-ISABELA, PR market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
AGUADILLA - ISABELA Average Closing Costs & Other Stats
AGUADILLA-ISABELA, PR's 25 lenders originated 754
loans during 2023. The total origination value was $117,010,000, with an average loan value of
$155,186.
AGUADILLA - ISABELA's average closing costs are $6,237.
The top AGUADILLA - ISABELA lender as defined by loan originations is Cooperativa de Ahorro y Credito de Rincon, with
87 loans originated. Their average total fees are
$6,325, which is $414
lower than the next largest lender,
FIRSTBANK PUERTO RICO.
The lowest fee AGUADILLA - ISABELA lenders (with over 10 loans originated) are
COOPERATIVA DE AHORRO Y CREDITO DE LARES ($4,060), Banco Popular de Puerto Rico ($5,732), Cooperativa de Ahorro y Credito de Rincon ($6,325), COOPERATIVA DE AHORRO Y CREDITO DE ISABELA ($6,400) and COOPERATIVA DE AHORRO Y CREDITO DE CAMUY ($6,556).
The lowest rate AGUADILLA - ISABELA lenders (with over 10 loans originated) are
COOPERATIVA DE AHORRO Y CREDITO DE ISABELA (5.52%), Cooperativa de Ahorro y Credito de Rincon (5.76%), PENTAGON FEDERAL CREDIT UNION (6.14%), FIRSTBANK PUERTO RICO (6.15%) and MULTIPLES MORTGAGE CORPORATION (6.35%).
AGUADILLA-ISABELA, PR Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| FIRSTBANK PUERTO RICO | $29,150,000 | $23,240,000 | -20.3% | 19.9% |
| Banco Popular de Puerto Rico | $27,225,000 | $19,810,000 | -27.2% | 16.9% |
| Cooperativa de Ahorro y Credito de Rincon | $24,345,000 | $17,775,000 | -27.0% | 15.2% |
| Oriental Bank | $11,045,000 | $6,190,000 | -44.0% | 5.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,265,000 | $5,415,000 | 65.8% | 4.6% |
| PENTAGON FEDERAL CREDIT UNION | $9,165,000 | $5,090,000 | -44.5% | 4.4% |
| SUN WEST MORTGAGE COMPANY, INC. | $6,435,000 | $4,855,000 | -24.6% | 4.1% |
| COOPERATIVA DE AHORRO Y CREDITO DE ISABELA | $6,950,000 | $4,145,000 | -40.4% | 3.5% |
| COOPERATIVA DE AHORRO Y CREDITO DE CAMUY | $1,030,000 | $4,105,000 | 298.5% | 3.5% |
| METRO ISLAND MORTGAGE, INC. | $1,910,000 | $3,060,000 | 60.2% | 2.6% |
| THE MONEY HOUSE INC. | $2,355,000 | $2,505,000 | 6.4% | 2.1% |
| COOPERATIVA DE AHORRO Y CREDITO DE LARES | $2,785,000 | $2,225,000 | -20.1% | 1.9% |
| MULTIPLES MORTGAGE CORPORATION | $2,125,000 | $1,840,000 | -13.4% | 1.6% |
| Capital Mortgage Services Corp. | $4,290,000 | $1,835,000 | -57.2% | 1.6% |
| CALCON MUTUAL MORTGAGE LLC | $1,710,000 | $1,715,000 | 0.3% | 1.5% |
| Equity Prime Mortgage LLC | $1,280,000 | $1,620,000 | 26.6% | 1.4% |
| FIRST EQUITY MORTGAGE BANKERS, INC. | $1,955,000 | $1,580,000 | -19.2% | 1.4% |
| PREFERRED MORTGAGE CORPORATION | $4,645,000 | $1,530,000 | -67.1% | 1.3% |
| HOME MORTGAGE BANKERS CORP. | $1,510,000 | $1,345,000 | -10.9% | 1.1% |
| HR MORTGAGE CORP. | $375,000 | $985,000 | 162.7% | 0.8% |
| Baxter Credit Union | $1,680,000 | $655,000 | -61.0% | 0.6% |
| E.M.I. EQUITY MORTGAGE, INC. | $520,000 | $575,000 | 10.6% | 0.5% |
| Cooperativa de Ahoro y Crédito Bo. Quebrada de Camuy, P.R. | $1,095,000 | $560,000 | -48.9% | 0.5% |
| Cooperativa A/C de Arecibo | $195,000 | $500,000 | 156.4% | 0.4% |
| The Lending Center Corporation | $270,000 | $490,000 | 81.5% | 0.4% |
| LATIN AMERICAN FINANCIAL CORPORATION | $125,000 | $475,000 | 280.0% | 0.4% |
| COOPERATIVA DE AHORRO Y CREDITO DR. MANUEL ZENO GANDIA | $460,000 | n/a | 0.4% | |
| TRUST MORTGAGE, CORP | $1,040,000 | $415,000 | -60.1% | 0.4% |
| EVERETT FINANCIAL, INC. | $410,000 | n/a | 0.4% | |
| SAN RAFAEL COOP | $860,000 | $380,000 | -55.8% | 0.3% |
| Cooperativa A/C Oriental | $285,000 | n/a | 0.2% | |
| VIG MORTGAGE CORPORATION | $940,000 | $250,000 | -73.4% | 0.2% |
| Rf Mortgage & Investment Corp | $1,605,000 | $195,000 | -87.9% | 0.2% |
| RM ACTUAL MORTGAGE, INC. | $585,000 | $170,000 | -70.9% | 0.1% |
| COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA | $320,000 | $115,000 | -64.1% | 0.1% |
| COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS | $105,000 | n/a | 0.1% | |
| Senior Mortgage Bankers Inc | $670,000 | $105,000 | -84.3% | 0.1% |
AGUADILLA - ISABELA's top lender by overall market share is FIRSTBANK PUERTO RICO, with 19.9% market share. In second place, with 16.9%, is Banco Popular de Puerto Rico, having originated $19,810,000 in loans. In third place, with 15.2%, is Cooperativa de Ahorro y Credito de Rincon, having originated $17,775,000 in loans. In fourth place, with 5.3%, is Oriental Bank, having originated $6,190,000 in loans. In fifth place, with 4.6%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $5,415,000 in loans.
AGUADILLA-ISABELA, PR Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 601 | Aguadilla-Isabela, PR MSA | $380 | $390 | $440 | $640 | $710 |
| 602 | Aguadilla-Isabela, PR MSA | $360 | $400 | $460 | $570 | $640 |
| 603 | Aguadilla-Isabela, PR MSA | $430 | $470 | $540 | $660 | $750 |
| 604 | Aguadilla-Isabela, PR MSA | $440 | $480 | $550 | $680 | $770 |
| 605 | Aguadilla-Isabela, PR MSA | $440 | $480 | $550 | $680 | $770 |
| 610 | Aguadilla-Isabela, PR MSA | $400 | $430 | $500 | $620 | $700 |
| 611 | Aguadilla-Isabela, PR MSA | $380 | $420 | $480 | $590 | $670 |
| 612 | Aguadilla-Isabela, PR MSA | $420 | $430 | $490 | $650 | $790 |
| 631 | Aguadilla-Isabela, PR MSA | $360 | $390 | $440 | $590 | $680 |
| 641 | Aguadilla-Isabela, PR MSA | $380 | $420 | $480 | $590 | $680 |
| 650 | Aguadilla-Isabela, PR MSA | $470 | $480 | $550 | $760 | $910 |
| 662 | Aguadilla-Isabela, PR MSA | $400 | $430 | $500 | $620 | $700 |
| 664 | Aguadilla-Isabela, PR MSA | $360 | $390 | $450 | $550 | $630 |
| 669 | Aguadilla-Isabela, PR MSA | $380 | $420 | $480 | $590 | $740 |
| 670 | Aguadilla-Isabela, PR MSA | $380 | $390 | $440 | $550 | $740 |
| 676 | Aguadilla-Isabela, PR MSA | $360 | $390 | $450 | $550 | $630 |
| 677 | Aguadilla-Isabela, PR MSA | $400 | $440 | $510 | $630 | $710 |
| 678 | Aguadilla-Isabela, PR MSA | $430 | $440 | $500 | $640 | $720 |
| 680 | Aguadilla-Isabela, PR MSA | $420 | $430 | $490 | $600 | $750 |
| 685 | Aguadilla-Isabela, PR MSA | $360 | $390 | $450 | $550 | $630 |
| 690 | Aguadilla-Isabela, PR MSA | $540 | $590 | $680 | $840 | $950 |
2022 Average & Median Rent Data Statistics
AGUADILLA-ISABELA, PR average 1BR rent: $433, median: $430
AGUADILLA-ISABELA, PR average 2BR rent: $497, median: $490
AGUADILLA-ISABELA, PR average 3BR rent: $626, median: $620
AGUADILLA-ISABELA, PR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 593 | $91,255,000 | $153,887 |
| Cash Out Refi | 103 | $17,065,000 | $165,680 |
| Refi | 37 | $5,955,000 | $160,946 |
| Other | 17 | $2,445,000 | $143,824 |
| Home Improvement | 4 | $290,000 | $72,500 |
Aguadilla - Isabela's most frequently cited loan purpose was Home Purchase, with 593 originations. The 2nd most popular reason was Cash Out Refi, with 103 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 282 | $41,900,000 | $148,582 |
| 5-6% | 271 | $43,655,000 | $161,089 |
| 7-8% | 92 | $14,440,000 | $156,957 |
| 4-5% | 56 | $9,230,000 | $164,821 |
| 3-4% | 25 | $4,675,000 | $187,000 |
| Over 8% | 20 | $2,550,000 | $127,500 |
During 2023, Aguadilla - Isabela's most frequently originated rate bucket was 6-7%, with 282 originations.
Loan Sizing (AGUADILLA-ISABELA, PR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 306 | $43,690,000 | $142,778 |
| $100,000 or less | 273 | $19,475,000 | $71,337 |
| $200k-400k | 152 | $41,280,000 | $271,579 |
| $400k-600k | 17 | $7,985,000 | $469,706 |
| $600k-1000k | 6 | $4,580,000 | $763,333 |
AGUADILLA - ISABELA's loan sizing saw the bucket of loans from $100k-200k with 306 originations, totaling $43,690,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 351 | $64,355,000 | $183,348 |
| 60-80% | 278 | $39,780,000 | $143,094 |
| 40-60% | 79 | $6,765,000 | $85,633 |
| 20-40% | 27 | $2,955,000 | $109,444 |
| Over 100% | 10 | $2,530,000 | $253,000 |
| Under 20% | 1 | $65,000 | $65,000 |
AGUADILLA - ISABELA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 351 originations, totaling $64,355,000 in origination value.