Arecibo Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Arecibo averaged
7.01%
for the week of 2025-05-22, compared to the national average of
6.86% for the same period.
The average rate for the prior week (2025-05-15) was
7.16% and
one month ago for the week of 2025-04-17, the
average rate was 7.18%.
Arecibo's average rate one year ago was 7.37%.
For refis of the same type during the week of 2025-05-22, the average rate
was 6.86%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-22 | 6.86% |
| Arecibo 30 Year Fixed Rate | 2025-05-22 | 7.01% |
| Arecibo 30 Year Fixed Rate Refi | 2025-05-22 | 6.86% |
| Arecibo 15 Year Fixed Rate | 2025-05-22 | 5.91% |
| Arecibo 15 Year Fixed Rate Refi | 2025-05-22 | 6.31% |
| Arecibo 30 Year FHA | 2025-05-22 | 6.1% |
| Arecibo 30 Year FHA Refi | 2025-05-22 | 6.81% |
| Arecibo 30 Year USDA | 2025-05-22 | 6.23% |
| Arecibo 30 Year USDA Refi | 2025-05-22 | 6.33% |
| Arecibo 30 Year VA | 2025-05-22 | 6.32% |
| Arecibo 30 Year VA Refi | 2025-05-22 | 6.52% |
Arecibo 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 Arecibo, 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.).
Arecibo Average Closing Costs & Other Stats
Arecibo, PR's 28 lenders originated 568
loans during 2024. The total origination value was $76,360,000, with an average loan value of
$134,437.
Arecibo's average closing costs are $6,821.
The top Arecibo lender as defined by loan originations is COOPERATIVA DE AHORRO Y CREDITO DE CAMUY, with
42 loans originated. Their average total fees are
$5,989, which is $290
lower than the next largest lender,
Banco Popular de Puerto Rico.
The lowest fee Arecibo lenders (with over 10 loans originated) are
COOPERATIVA DE AHORRO Y CREDITO DE CAMUY ($5,989), FIRSTBANK PUERTO RICO ($6,014), Banco Popular de Puerto Rico ($6,279), Cooperativa A/C de Arecibo ($8,427) and .
The lowest rate Arecibo lenders (with over 10 loans originated) are
FIRSTBANK PUERTO RICO (6.28%), Cooperativa A/C de Arecibo (6.35%), COOPERATIVA DE AHORRO Y CREDITO DE CAMUY (6.79%), Banco Popular de Puerto Rico (7.93%) and .
Arecibo, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Banco Popular de Puerto Rico | $9,240,000 | $13,005,000 | 40.7% | 17.0% |
| FIRSTBANK PUERTO RICO | $9,840,000 | $10,550,000 | 7.2% | 13.8% |
| COOPERATIVA DE AHORRO Y CREDITO DE CAMUY | $6,890,000 | $7,585,000 | 10.1% | 9.9% |
| METRO ISLAND MORTGAGE, INC. | $6,935,000 | $5,480,000 | -21.0% | 7.2% |
| THE MONEY HOUSE INC. | $4,640,000 | $5,400,000 | 16.4% | 7.1% |
| PENTAGON FEDERAL CREDIT UNION | $4,980,000 | $3,065,000 | -38.5% | 4.0% |
| PREFERRED MORTGAGE CORPORATION | $1,725,000 | $3,010,000 | 74.5% | 3.9% |
| TRUST MORTGAGE, CORP | $1,365,000 | $2,655,000 | 94.5% | 3.5% |
| Oriental Bank | $4,280,000 | $2,450,000 | -42.8% | 3.2% |
| COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA | $1,850,000 | $2,175,000 | 17.6% | 2.8% |
| COOPERATIVA DE AHORRO Y CREDITO DE ISABELA | $1,110,000 | $1,790,000 | 61.3% | 2.3% |
| Cooperativa de Ahoro y Crédito Bo. Quebrada de Camuy, P.R. | $1,470,000 | $1,675,000 | 13.9% | 2.2% |
| HOME MORTGAGE BANKERS CORP. | $2,025,000 | $1,575,000 | -22.2% | 2.1% |
| Cooperativa A/C de Arecibo | $3,180,000 | $1,535,000 | -51.7% | 2.0% |
| VIG MORTGAGE CORPORATION | $350,000 | $1,170,000 | 234.3% | 1.5% |
| HR MORTGAGE CORP. | $990,000 | $835,000 | -15.7% | 1.1% |
| E.M.I. EQUITY MORTGAGE, INC. | $450,000 | $830,000 | 84.4% | 1.1% |
| RM ACTUAL MORTGAGE, INC. | $850,000 | $820,000 | -3.5% | 1.1% |
| MULTIPLES MORTGAGE CORPORATION | $910,000 | $810,000 | -11.0% | 1.1% |
| Rf Mortgage & Investment Corp | $510,000 | $760,000 | 49.0% | 1.0% |
| Capital Mortgage Services Corp. | $330,000 | $750,000 | 127.3% | 1.0% |
| CALCON MUTUAL MORTGAGE LLC | $210,000 | $685,000 | 226.2% | 0.9% |
| COOPERATIVA DE AHORRO Y CREDITO DE LARES | $400,000 | $675,000 | 68.8% | 0.9% |
| SUN WEST MORTGAGE COMPANY, INC. | $3,850,000 | $640,000 | -83.4% | 0.8% |
| FIRST EQUITY MORTGAGE BANKERS, INC. | $1,110,000 | $615,000 | -44.6% | 0.8% |
| SAN RAFAEL COOP | $1,095,000 | $535,000 | -51.1% | 0.7% |
| The Lending Center Corporation | $460,000 | $490,000 | 6.5% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $440,000 | $445,000 | 1.1% | 0.6% |
| COOPERATIVA DE AHORRO Y CREDITO DR. MANUEL ZENO GANDIA | $520,000 | $420,000 | -19.2% | 0.6% |
| Equity Prime Mortgage LLC | $245,000 | $420,000 | 71.4% | 0.6% |
| Cooperativa de Ahorro y Credito de Rincon | $650,000 | $370,000 | -43.1% | 0.5% |
| COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC. | $765,000 | $325,000 | -57.5% | 0.4% |
| COOPERATIVA DE AHORRO Y CREDITO DE CABO ROJO | $305,000 | n/a | 0.4% | |
| LATIN AMERICAN FINANCIAL CORPORATION | $300,000 | n/a | 0.4% | |
| COOPERATIVA DE CREDITO LA SAGRADA FAMILIA | $285,000 | n/a | 0.4% | |
| BROKER SOLUTIONS, INC. | $265,000 | n/a | 0.3% | |
| Flagstar Bank, FSB | $225,000 | n/a | 0.3% | |
| COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA | $185,000 | n/a | 0.2% | |
| EVERETT FINANCIAL, INC. | $135,000 | n/a | 0.2% | |
| Baxter Credit Union | $125,000 | n/a | 0.2% | |
| Senior Mortgage Bankers Inc | $1,035,000 | $85,000 | -91.8% | 0.1% |
| CARIBE FEDERAL CREDIT UNION | $75,000 | n/a | 0.1% | |
| Cooperativa A/C Oriental | $25,000 | n/a | 0.0% |
Arecibo's top lender by overall market share is Banco Popular de Puerto Rico, with 17.0% market share. In second place, with 13.8%, is FIRSTBANK PUERTO RICO, having originated $10,550,000 in loans. In third place, with 9.9%, is COOPERATIVA DE AHORRO Y CREDITO DE CAMUY, having originated $7,585,000 in loans. In fourth place, with 7.2%, is METRO ISLAND MORTGAGE, INC., having originated $5,480,000 in loans. In fifth place, with 7.1%, is THE MONEY HOUSE INC., having originated $5,400,000 in loans.
Arecibo, PR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 457 | $61,135,000 | $133,775 |
| Cash Out Refi | 70 | $9,720,000 | $138,857 |
| Other | 17 | $2,555,000 | $150,294 |
| Refi | 15 | $1,725,000 | $115,000 |
| Home Improvement | 9 | $1,225,000 | $136,111 |
Arecibo's most frequently cited loan purpose was Home Purchase, with 457 originations. The 2nd most popular reason was Cash Out Refi, with 70 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 269 | $36,015,000 | $133,885 |
| 5-6% | 128 | $19,470,000 | $152,109 |
| 7-8% | 86 | $9,030,000 | $105,000 |
| 4-5% | 46 | $7,940,000 | $172,609 |
| Over 8% | 20 | $1,690,000 | $84,500 |
| 3-4% | 4 | $540,000 | $135,000 |
During 2024, Arecibo's most frequently originated rate bucket was 6-7%, with 269 originations.
Loan Sizing (Arecibo, PR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 245 | $33,955,000 | $138,592 |
| $100,000 or less | 228 | $15,560,000 | $68,246 |
| $200k-400k | 85 | $22,125,000 | $260,294 |
| $400k-600k | 10 | $4,720,000 | $472,000 |
Arecibo's loan sizing saw the bucket of loans from $100k-200k with 245 originations, totaling $33,955,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 237 | $41,025,000 | $173,101 |
| 60-80% | 212 | $25,210,000 | $118,915 |
| 40-60% | 73 | $5,025,000 | $68,836 |
| 20-40% | 21 | $1,255,000 | $59,762 |
| Over 100% | 9 | $2,155,000 | $239,444 |
| Under 20% | 1 | $15,000 | $15,000 |
Arecibo's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 237 originations, totaling $41,025,000 in origination value.