AGUADILLA - ISABELA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Aguadilla - Isabela averaged
7.88%
for the week of 2023-03-23, compared to the national average of
6.42% for the same period.
The average rate for the prior week (2023-03-16) was
7.66% and
one month ago for the week of 2023-02-16, the
average rate was 7.58%.
Aguadilla - Isabela's average rate one year ago was 4.15%.
For refis of the same type during the week of 2023-03-23, the average rate
was 6.88%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-23 | 6.42% |
| Aguadilla - Isabela 30 Year Fixed Rate | 2023-03-23 | 7.88% |
| Aguadilla - Isabela 30 Year Fixed Rate Refi | 2023-03-23 | 6.88% |
| Aguadilla - Isabela 15 Year Fixed Rate | 2023-03-23 | 6.72% |
| Aguadilla - Isabela 15 Year Fixed Rate Refi | 2023-03-23 | 5.6% |
| Aguadilla - Isabela 30 Year FHA | 2023-03-23 | 6.05% |
| Aguadilla - Isabela 30 Year FHA Refi | 2023-03-23 | 5.81% |
| Aguadilla - Isabela 30 Year USDA | 2023-03-23 | 6.2% |
| Aguadilla - Isabela 30 Year USDA Refi | 2023-03-23 | 5.61% |
| Aguadilla - Isabela 30 Year VA | 2023-03-23 | 6.14% |
| Aguadilla - Isabela 30 Year VA Refi | 2023-03-23 | 5.62% |
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 24 lenders originated 1,048
loans during 2022. The total origination value was $154,060,000, with an average loan value of
$147,004.
AGUADILLA - ISABELA's average closing costs are $5,913.
The top AGUADILLA - ISABELA lender as defined by loan originations is Cooperativa de Ahorro y Credito de Rincon, with
99 loans originated. Their average total fees are
$5,409, which is $43
lower than the next largest lender,
Banco Popular de Puerto Rico.
The lowest fee AGUADILLA - ISABELA lenders (with over 10 loans originated) are
COOPERATIVA DE AHORRO Y CREDITO DE LARES ($4,431), COOPERATIVA DE AHORRO Y CREDITO DE ISABELA ($5,382), Cooperativa de Ahorro y Credito de Rincon ($5,409), Banco Popular de Puerto Rico ($5,451) and FIRSTBANK PUERTO RICO ($5,537).
The lowest rate AGUADILLA - ISABELA lenders (with over 10 loans originated) are
PENTAGON FEDERAL CREDIT UNION (4.51%), COOPERATIVA DE AHORRO Y CREDITO DE ISABELA (4.88%), FIRSTBANK PUERTO RICO (5.19%), COOPERATIVA DE AHORRO Y CREDITO DE LARES (5.36%) and Banco Popular de Puerto Rico (5.48%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| FIRSTBANK PUERTO RICO | $34,965,000 | $29,150,000 | -16.6% | 18.9% |
| Banco Popular de Puerto Rico | $38,175,000 | $27,225,000 | -28.7% | 17.7% |
| Cooperativa de Ahorro y Credito de Rincon | $22,235,000 | $24,345,000 | 9.5% | 15.8% |
| Oriental Bank | $16,910,000 | $11,045,000 | -34.7% | 7.2% |
| PENTAGON FEDERAL CREDIT UNION | $9,685,000 | $9,165,000 | -5.4% | 5.9% |
| COOPERATIVA DE AHORRO Y CREDITO DE ISABELA | $4,135,000 | $6,950,000 | 68.1% | 4.5% |
| SUN WEST MORTGAGE COMPANY, INC. | $13,290,000 | $6,435,000 | -51.6% | 4.2% |
| PREFERRED MORTGAGE CORPORATION | $6,015,000 | $4,645,000 | -22.8% | 3.0% |
| Capital Mortgage Services Corp. | $4,345,000 | $4,290,000 | -1.3% | 2.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,265,000 | n/a | 2.1% | |
| COOPERATIVA DE AHORRO Y CREDITO DE LARES | $2,250,000 | $2,785,000 | 23.8% | 1.8% |
| THE MONEY HOUSE INC. | $4,480,000 | $2,355,000 | -47.4% | 1.5% |
| MULTIPLES MORTGAGE CORPORATION | $1,560,000 | $2,125,000 | 36.2% | 1.4% |
| FIRST EQUITY MORTGAGE BANKERS, INC. | $5,185,000 | $1,955,000 | -62.3% | 1.3% |
| METRO ISLAND MORTGAGE, INC. | $1,170,000 | $1,910,000 | 63.2% | 1.2% |
| CALCON MUTUAL MORTGAGE LLC | $755,000 | $1,710,000 | 126.5% | 1.1% |
| Baxter Credit Union | $2,020,000 | $1,680,000 | -16.8% | 1.1% |
| Rf Mortgage & Investment Corp | $355,000 | $1,605,000 | 352.1% | 1.0% |
| HOME MORTGAGE BANKERS CORP. | $1,050,000 | $1,510,000 | 43.8% | 1.0% |
| Equity Prime Mortgage LLC | $1,330,000 | $1,280,000 | -3.8% | 0.8% |
| Cooperativa de Ahoro y Crédito Bo. Quebrada de Camuy, P.R. | $805,000 | $1,095,000 | 36.0% | 0.7% |
| TRUST MORTGAGE, CORP | $455,000 | $1,040,000 | 128.6% | 0.7% |
| COOPERATIVA DE AHORRO Y CREDITO DE CAMUY | $2,435,000 | $1,030,000 | -57.7% | 0.7% |
| VIG MORTGAGE CORPORATION | $1,685,000 | $940,000 | -44.2% | 0.6% |
| SAN RAFAEL COOP | $300,000 | $860,000 | 186.7% | 0.6% |
| Senior Mortgage Bankers Inc | $510,000 | $670,000 | 31.4% | 0.4% |
| RM ACTUAL MORTGAGE, INC. | $230,000 | $585,000 | 154.3% | 0.4% |
| E.M.I. EQUITY MORTGAGE, INC. | $940,000 | $520,000 | -44.7% | 0.3% |
| HR MORTGAGE CORP. | $1,515,000 | $375,000 | -75.2% | 0.2% |
| COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA | $925,000 | $320,000 | -65.4% | 0.2% |
| The Lending Center Corporation | $570,000 | $270,000 | -52.6% | 0.2% |
| COOPERATIVA DE CREDITO LA SAGRADA FAMILIA | $220,000 | n/a | 0.1% | |
| Cooperativa A/C de Arecibo | $1,025,000 | $195,000 | -81.0% | 0.1% |
| LATIN AMERICAN FINANCIAL CORPORATION | $105,000 | $125,000 | 19.0% | 0.1% |
| COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA | $105,000 | $105,000 | 0.0% | 0.1% |
AGUADILLA - ISABELA's top lender by overall market share is FIRSTBANK PUERTO RICO, with 18.9% market share. In second place, with 17.7%, is Banco Popular de Puerto Rico, having originated $27,225,000 in loans. In third place, with 15.8%, is Cooperativa de Ahorro y Credito de Rincon, having originated $24,345,000 in loans. In fourth place, with 7.2%, is Oriental Bank, having originated $11,045,000 in loans. In fifth place, with 5.9%, is PENTAGON FEDERAL CREDIT UNION, having originated $9,165,000 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 |
|---|---|---|---|---|---|---|
| 00601 | Aguadilla-Isabela, PR | $360 | $370 | $420 | $600 | $700 |
| 00602 | Aguadilla-Isabela, PR | $360 | $370 | $430 | $530 | $630 |
| 00603 | Aguadilla-Isabela, PR | $440 | $460 | $530 | $660 | $780 |
| 00604 | Aguadilla-Isabela, PR | $450 | $470 | $540 | $670 | $790 |
| 00605 | Aguadilla-Isabela, PR | $450 | $470 | $540 | $670 | $790 |
| 00610 | Aguadilla-Isabela, PR | $390 | $400 | $460 | $570 | $670 |
| 00611 | Aguadilla-Isabela, PR | $380 | $390 | $450 | $560 | $660 |
| 00612 | Aguadilla-Isabela, PR | $410 | $430 | $510 | $670 | $820 |
| 00631 | Aguadilla-Isabela, PR | $360 | $370 | $420 | $550 | $640 |
| 00641 | Aguadilla-Isabela, PR | $380 | $390 | $450 | $560 | $660 |
| 00650 | Aguadilla-Isabela, PR | $400 | $430 | $510 | $670 | $820 |
| 00662 | Aguadilla-Isabela, PR | $410 | $430 | $490 | $610 | $720 |
| 00664 | Aguadilla-Isabela, PR | $350 | $370 | $420 | $520 | $620 |
| 00669 | Aguadilla-Isabela, PR | $380 | $390 | $450 | $560 | $660 |
| 00670 | Aguadilla-Isabela, PR | $360 | $370 | $420 | $520 | $710 |
| 00676 | Aguadilla-Isabela, PR | $360 | $370 | $430 | $530 | $630 |
| 00677 | Aguadilla-Isabela, PR | $390 | $400 | $460 | $570 | $670 |
| 00678 | Aguadilla-Isabela, PR | $400 | $410 | $470 | $620 | $740 |
| 00680 | Aguadilla-Isabela, PR | $390 | $390 | $450 | $560 | $770 |
| 00685 | Aguadilla-Isabela, PR | $350 | $370 | $420 | $520 | $620 |
| 00690 | Aguadilla-Isabela, PR | $510 | $530 | $610 | $760 | $890 |
2022 Average & Median Rent Data Statistics
AGUADILLA-ISABELA, PR average 1BR rent: $409, median: $390
AGUADILLA-ISABELA, PR average 2BR rent: $470, median: $450
AGUADILLA-ISABELA, PR average 3BR rent: $594, median: $570
AGUADILLA-ISABELA, PR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 795 | $118,185,000 | $148,660 |
| Cash Out Refi | 158 | $23,940,000 | $151,519 |
| Refi | 71 | $9,225,000 | $129,930 |
| Other | 15 | $1,315,000 | $87,667 |
| Home Improvement | 9 | $1,395,000 | $155,000 |
Aguadilla - Isabela's most frequently cited loan purpose was Home Purchase, with 795 originations. The 2nd most popular reason was Cash Out Refi, with 158 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 321 | $50,105,000 | $156,090 |
| 4-5% | 264 | $38,810,000 | $147,008 |
| 6-7% | 153 | $19,615,000 | $128,203 |
| 3-4% | 140 | $21,570,000 | $154,071 |
| 7-8% | 55 | $7,115,000 | $129,364 |
| 2.5-3% | 53 | $9,485,000 | $178,962 |
| <2.5% | 42 | $5,930,000 | $141,190 |
| Over 8% | 3 | $185,000 | $61,667 |
During 2022, Aguadilla - Isabela's most frequently originated rate bucket was 5-6%, with 321 originations.
Loan Sizing (AGUADILLA-ISABELA, PR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 441 | $60,255,000 | $136,633 |
| $100,000 or less | 385 | $26,925,000 | $69,935 |
| $200k-400k | 193 | $51,275,000 | $265,674 |
| $400k-600k | 23 | $11,175,000 | $485,870 |
| $600k-1000k | 6 | $4,430,000 | $738,333 |
AGUADILLA - ISABELA's loan sizing saw the bucket of loans from $100k-200k with 441 originations, totaling $60,255,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 546 | $91,950,000 | $168,407 |
| 60-80% | 330 | $41,780,000 | $126,606 |
| 40-60% | 106 | $12,210,000 | $115,189 |
| 20-40% | 31 | $3,095,000 | $99,839 |
| Over 100% | 16 | $3,580,000 | $223,750 |
| Under 20% | 2 | $120,000 | $60,000 |
AGUADILLA - ISABELA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 546 originations, totaling $91,950,000 in origination value.