Arecibo Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Arecibo averaged 6.94% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 6.91% and one month ago for the week of 2022-05-19, the average rate was 5.98%.

Arecibo's average rate one year ago was 3.99%.

For refis of the same type during the week of 2022-06-23, the average rate was 6.5%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Arecibo 30 Year Fixed Rate 2022-06-23 6.94%
Arecibo 30 Year Fixed Rate Refi 2022-06-23 6.5%
Arecibo 15 Year Fixed Rate 2022-06-23 6.15%
Arecibo 15 Year Fixed Rate Refi 2022-06-23 4.86%
Arecibo 30 Year FHA 2022-06-23 -0.19%
Arecibo 30 Year FHA Refi 2022-06-23 -0.18%
Arecibo 30 Year USDA 2022-06-23 -0.19%
Arecibo 30 Year USDA Refi 2022-06-23 -0.65%
Arecibo 30 Year VA 2022-06-23 0.21%
Arecibo 30 Year VA Refi 2022-06-23 -0.13%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Arecibo, PR.

Arecibo Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Banco Popular de Puerto Rico 46 3.40% $4,482
COOPERATIVA DE AHORRO Y CREDITO DE CAMUY 40 4.50% $5,155
FIRSTBANK PUERTO RICO 28 3.19% $4,710
Oriental Bank 13 3.24% $4,885
PENTAGON FEDERAL CREDIT UNION 8 2.83% $5,059
COOPERATIVA DE AHORRO Y CREDITO DE ISABELA 6 4.53% $6,021
SAN RAFAEL COOP 5 5.00% $3,103
FIRST EQUITY MORTGAGE BANKERS, INC. 3 3.96% $5,931
Capital Mortgage Services Corp. 3 4.79% $5,211
COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC. 3 4.58% $7,957
COOPERATIVA DE AHORRO Y CREDITO DR. MANUEL ZENO GANDIA 3 5.05% $4,497
COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA 3 5.75% $8,777
Rf Mortgage & Investment Corp 3 3.71% $4,290
PREFERRED MORTGAGE CORPORATION 2 3.94% $4,817
SUN WEST MORTGAGE COMPANY, INC. 2 2.94% $7,203
TRUST MORTGAGE, CORP 2 3.88% $5,095
METRO ISLAND MORTGAGE, INC. 2 5.75% $11,860
COOPERATIVA DE AHORRO Y CREDITO DE AGUADA 1 4.25% $4,782
Cooperativa Ahorro y Credito Aguadilla 1 6.50% $7,493
Senior Mortgage Bankers Inc 1 4.38% $9,442
THE MONEY HOUSE INC. 1 4.00% $6,377
COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS 1 4.00% $3,653
COOPERATIVA DE CREDITO LA SAGRADA FAMILIA 1 4.25% $3,984
LENDUS, LLC 1 3.00% $19,337
MULTIPLES MORTGAGE CORPORATION 1 4.75% $9,437
Cooperativa de Ahorro y Credito de Rincon 1 7.50% $2,620

Arecibo, PR's 26 lenders originated 882 loans during 2021. The total origination value was $103,570,000, with an average loan value of $117,426.

The top Arecibo lender as defined by loan originations is Banco Popular de Puerto Rico, with 46 loans originated. Their average total fees are $4,482, which is $673 lower than the next largest lender, COOPERATIVA DE AHORRO Y CREDITO DE CAMUY.

The lowest fee Arecibo lenders (with over 10 loans originated) are Banco Popular de Puerto Rico ($4,482), FIRSTBANK PUERTO RICO ($4,710), Oriental Bank ($4,885), COOPERATIVA DE AHORRO Y CREDITO DE CAMUY ($5,155) and .

The lowest rate Arecibo lenders (with over 10 loans originated) are FIRSTBANK PUERTO RICO (3.19%), Oriental Bank (3.24%), Banco Popular de Puerto Rico (3.40%), COOPERATIVA DE AHORRO Y CREDITO DE CAMUY (4.50%) and .

Arecibo, PR Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
FIRSTBANK PUERTO RICO $15,600,000 $17,115,000 9.7% 16.5%
Banco Popular de Puerto Rico $8,085,000 $11,290,000 39.6% 10.9%
Oriental Bank $4,635,000 $9,565,000 106.4% 9.2%
COOPERATIVA DE AHORRO Y CREDITO DE CAMUY $3,715,000 $9,540,000 156.8% 9.2%
METRO ISLAND MORTGAGE, INC. $7,580,000 $8,780,000 15.8% 8.5%
PREFERRED MORTGAGE CORPORATION $4,925,000 $5,895,000 19.7% 5.7%
PENTAGON FEDERAL CREDIT UNION $1,635,000 $5,185,000 217.1% 5.0%
Cooperativa A/C de Arecibo $1,985,000 $3,980,000 100.5% 3.8%
SUN WEST MORTGAGE COMPANY, INC. $3,360,000 $3,835,000 14.1% 3.7%
COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA $1,750,000 $3,595,000 105.4% 3.5%
Capital Mortgage Services Corp. $2,210,000 $3,380,000 52.9% 3.3%
THE MONEY HOUSE INC. $785,000 $2,660,000 238.9% 2.6%
TRUST MORTGAGE, CORP $830,000 $2,390,000 188.0% 2.3%
FIRST EQUITY MORTGAGE BANKERS, INC. $975,000 $2,065,000 111.8% 2.0%
Rf Mortgage & Investment Corp $1,700,000 $1,750,000 2.9% 1.7%
E.M.I. EQUITY MORTGAGE, INC. $575,000 $1,545,000 168.7% 1.5%
COOPERATIVA DE AHORRO Y CREDITO DE ISABELA $725,000 $1,390,000 91.7% 1.3%
RM ACTUAL MORTGAGE, INC. $585,000 $1,145,000 95.7% 1.1%
Senior Mortgage Bankers Inc $800,000 $1,135,000 41.9% 1.1%
Cooperativa de Ahoro y Crédito Bo. Quebrada de Camuy, P.R. $615,000 $1,040,000 69.1% 1.0%
HOME MORTGAGE BANKERS CORP. $2,615,000 $955,000 -63.5% 0.9%
COOPERATIVA DE AHORRO Y CREDITO DR. MANUEL ZENO GANDIA $700,000 $835,000 19.3% 0.8%
The Lending Center Corporation $95,000 $730,000 668.4% 0.7%
SAN RAFAEL COOP $450,000 $560,000 24.4% 0.5%
CALCON MUTUAL MORTGAGE LLC $345,000 $515,000 49.3% 0.5%
HR MORTGAGE CORP. $265,000 $480,000 81.1% 0.5%
MULTIPLES MORTGAGE CORPORATION $435,000 $410,000 -5.7% 0.4%
COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC. $405,000 n/a 0.4%
LENDUS, LLC $385,000 n/a 0.4%
COOPERATIVA DE AHORRO Y CREDITO DE LARES $200,000 $245,000 22.5% 0.2%
VIG MORTGAGE CORPORATION $680,000 $235,000 -65.4% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $125,000 n/a 0.1%
Cooperativa Ahorro y Credito Aguadilla $85,000 n/a 0.1%
COOPERATIVA DE AHORRO Y CREDITO DE AGUADA $85,000 n/a 0.1%
COOPERATIVA DE CREDITO LA SAGRADA FAMILIA $85,000 n/a 0.1%
Cooperativa de Ahorro y Credito de Rincon $65,000 $80,000 23.1% 0.1%
COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS $75,000 n/a 0.1%

Arecibo's top lender by overall market share is FIRSTBANK PUERTO RICO, with 16.5% market share. In second place, with 10.9%, is Banco Popular de Puerto Rico, having originated $11,290,000 in loans. In third place, with 9.2%, is Oriental Bank, having originated $9,565,000 in loans. In third place, with 9.2%, is COOPERATIVA DE AHORRO Y CREDITO DE CAMUY, having originated $9,540,000 in loans. In third place, with 8.5%, is METRO ISLAND MORTGAGE, INC., having originated $8,780,000 in loans.


Arecibo, PR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 582 $70,010,000 $120,292
Refi 184 $20,280,000 $110,217
Cash Out Refi 105 $12,285,000 $117,000
Other 9 $675,000 $75,000
Home Improvement 2 $320,000 $160,000

Arecibo's most frequently cited loan purpose was Home Purchase, with 582 originations. The 2nd most popular reason was Refi, with 184 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 289 $32,685,000 $113,097
2.5-3% 277 $34,535,000 $124,675
<2.5% 169 $21,825,000 $129,142
4-5% 92 $9,140,000 $99,348
5-6% 29 $3,185,000 $109,828
6-7% 12 $880,000 $73,333
7-8% 2 $80,000 $40,000

During 2021, Arecibo's most frequently originated rate bucket was 3-4%, with 289 originations.

Loan Sizing (Arecibo, PR MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 420 $56,040,000 $133,429
$100,000 or less 396 $29,700,000 $75,000
$200k-400k 63 $16,145,000 $256,270
$400k-600k 2 $1,010,000 $505,000
$600k-1000k 1 $675,000 $675,000

Arecibo's loan sizing saw the bucket of loans from $100k-200k with 420 originations, totaling $56,040,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 492 $63,030,000 $128,110
60-80% 262 $28,530,000 $108,893
40-60% 55 $4,455,000 $81,000
Over 100% 17 $2,195,000 $129,118
20-40% 11 $775,000 $70,455

Arecibo's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 492 originations, totaling $63,030,000 in origination value.