YAUCO Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Yauco averaged
7.08%
for the week of 2024-04-11, compared to the national average of
6.88% for the same period.
The average rate for the prior week (2024-04-04) was
6.62% and
one month ago for the week of 2024-03-07, the
average rate was 6.98%.
Yauco's average rate one year ago was 6.28%.
For refis of the same type during the week of 2024-04-11, the average rate
was 7.68%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-11 | 6.88% |
| Yauco 30 Year Fixed Rate | 2024-04-11 | 7.08% |
| Yauco 30 Year Fixed Rate Refi | 2024-04-11 | 7.68% |
| Yauco 15 Year Fixed Rate | 2024-04-11 | 5.96% |
| Yauco 15 Year Fixed Rate Refi | 2024-04-11 | 6.46% |
| Yauco 30 Year FHA | 2024-04-11 | 6.51% |
| Yauco 30 Year FHA Refi | 2024-04-11 | 6.64% |
| Yauco 30 Year USDA | 2024-04-11 | 6.61% |
| Yauco 30 Year USDA Refi | 2024-04-11 | 6.51% |
| Yauco 30 Year VA | 2024-04-11 | 6.47% |
| Yauco 30 Year VA Refi | 2024-04-11 | 6.67% |
YAUCO 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 YAUCO, 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.).
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Banco Popular de Puerto Rico | 12 | 8.49% | $3,880 |
| FIRSTBANK PUERTO RICO | 6 | 6.35% | $5,422 |
| Oriental Bank | 4 | 6.19% | $3,681 |
| Cooperativa de Ahorro y Credito de Rincon | 3 | 5.50% | $6,264 |
| SUN WEST MORTGAGE COMPANY, INC. | 2 | 7.69% | $7,553 |
| THE MONEY HOUSE INC. | 2 | 7.25% | $5,703 |
| Cooperativa A/C de Arecibo | 1 | 6.50% | $9,119 |
| PENTAGON FEDERAL CREDIT UNION | 1 | 5.38% | $6,264 |
YAUCO Average Closing Costs & Other Stats
YAUCO, PR's 8 lenders originated 158
loans during 2023. The total origination value was $17,080,000, with an average loan value of
$108,101.
YAUCO's average closing costs are $5,544.
The top YAUCO lender as defined by loan originations is Banco Popular de Puerto Rico, with
12 loans originated. Their average total fees are
$3,880, which is $1,543
lower than the next largest lender,
FIRSTBANK PUERTO RICO.
The lowest fee YAUCO lenders (with over 10 loans originated) are
Banco Popular de Puerto Rico ($3,880), .
The lowest rate YAUCO lenders (with over 10 loans originated) are
Banco Popular de Puerto Rico (8.49%), .
YAUCO, 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 |
|---|---|---|---|---|
| THE MONEY HOUSE INC. | $2,215,000 | $4,435,000 | 100.2% | 26.0% |
| Banco Popular de Puerto Rico | $2,575,000 | $2,450,000 | -4.9% | 14.3% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,275,000 | $2,305,000 | 80.8% | 13.5% |
| FIRSTBANK PUERTO RICO | $1,400,000 | $1,965,000 | 40.4% | 11.5% |
| FIRST EQUITY MORTGAGE BANKERS, INC. | $1,660,000 | $1,400,000 | -15.7% | 8.2% |
| Oriental Bank | $2,650,000 | $1,235,000 | -53.4% | 7.2% |
| METRO ISLAND MORTGAGE, INC. | $375,000 | $1,005,000 | 168.0% | 5.9% |
| Cooperativa de Ahorro y Credito de Rincon | $655,000 | $655,000 | 0.0% | 3.8% |
| PENTAGON FEDERAL CREDIT UNION | $1,160,000 | $260,000 | -77.6% | 1.5% |
| Senior Mortgage Bankers Inc | $260,000 | n/a | 1.5% | |
| HOME MORTGAGE BANKERS CORP. | $200,000 | $245,000 | 22.5% | 1.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $155,000 | n/a | 0.9% | |
| Cooperativa A/C Oriental | $75,000 | $125,000 | 66.7% | 0.7% |
| TRUST MORTGAGE, CORP | $125,000 | $125,000 | 0.0% | 0.7% |
| VIG MORTGAGE CORPORATION | $95,000 | $105,000 | 10.5% | 0.6% |
| Cooperativa A/C de Arecibo | $135,000 | $95,000 | -29.6% | 0.6% |
| PREFERRED MORTGAGE CORPORATION | $390,000 | $85,000 | -78.2% | 0.5% |
| MULTIPLES MORTGAGE CORPORATION | $65,000 | n/a | 0.4% | |
| HR MORTGAGE CORP. | $305,000 | $45,000 | -85.2% | 0.3% |
YAUCO's top lender by overall market share is THE MONEY HOUSE INC., with 26.0% market share. In second place, with 14.3%, is Banco Popular de Puerto Rico, having originated $2,450,000 in loans. In third place, with 13.5%, is SUN WEST MORTGAGE COMPANY, INC., having originated $2,305,000 in loans. In fourth place, with 11.5%, is FIRSTBANK PUERTO RICO, having originated $1,965,000 in loans. In fifth place, with 8.2%, is FIRST EQUITY MORTGAGE BANKERS, INC., having originated $1,400,000 in loans.
YAUCO, 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 |
|---|---|---|---|---|---|---|
| 606 | Yauco, PR MSA | $380 | $400 | $460 | $600 | $650 |
| 624 | Yauco, PR MSA | $380 | $390 | $440 | $610 | $680 |
| 637 | Yauco, PR MSA | $400 | $430 | $490 | $640 | $730 |
| 647 | Yauco, PR MSA | $400 | $420 | $480 | $640 | $680 |
| 653 | Yauco, PR MSA | $420 | $430 | $490 | $660 | $660 |
| 656 | Yauco, PR MSA | $380 | $390 | $440 | $600 | $610 |
| 698 | Yauco, PR MSA | $400 | $410 | $460 | $620 | $630 |
2022 Average & Median Rent Data Statistics
YAUCO, PR average 1BR rent: $410, median: $410
YAUCO, PR average 2BR rent: $466, median: $460
YAUCO, PR average 3BR rent: $624, median: $620
YAUCO, PR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 149 | $15,895,000 | $106,678 |
| Cash Out Refi | 6 | $790,000 | $131,667 |
| Other | 2 | $320,000 | $160,000 |
| Refi | 1 | $75,000 | $75,000 |
Yauco's most frequently cited loan purpose was Home Purchase, with 149 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 85 | $9,515,000 | $111,941 |
| 5-6% | 29 | $3,375,000 | $116,379 |
| 7-8% | 20 | $1,960,000 | $98,000 |
| 4-5% | 9 | $1,165,000 | $129,444 |
| Over 8% | 8 | $540,000 | $67,500 |
| 3-4% | 7 | $525,000 | $75,000 |
During 2023, Yauco's most frequently originated rate bucket was 6-7%, with 85 originations.
Loan Sizing (YAUCO, PR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 95 | $6,735,000 | $70,895 |
| $100k-200k | 51 | $6,955,000 | $136,373 |
| $200k-400k | 10 | $2,490,000 | $249,000 |
| $400k-600k | 2 | $900,000 | $450,000 |
YAUCO's loan sizing saw the bucket of loans from $100,000 or less with 95 originations, totaling $6,735,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 63 | $5,875,000 | $93,254 |
| 80-100% | 57 | $7,355,000 | $129,035 |
| 40-60% | 23 | $1,225,000 | $53,261 |
| Over 100% | 11 | $2,315,000 | $210,455 |
| 20-40% | 3 | $255,000 | $85,000 |
| Under 20% | 1 | $55,000 | $55,000 |
YAUCO's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 63 originations, totaling $5,875,000 in origination value.