Coamo Mortgage Rates

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

30 Year Fixed Rate mortgages in Coamo averaged 6.66% 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 6.63% and one month ago for the week of 2022-05-19, the average rate was 5.9%.

Coamo's average rate one year ago was 3.86%.

For refis of the same type during the week of 2022-06-23, the average rate was 6.92%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Coamo 30 Year Fixed Rate 2022-06-23 6.66%
Coamo 30 Year Fixed Rate Refi 2022-06-23 6.92%
Coamo 15 Year Fixed Rate 2022-06-23 4.91%
Coamo 15 Year Fixed Rate Refi 2022-06-23 2.3%
Coamo 30 Year FHA 2022-06-23 -0.12%
Coamo 30 Year FHA Refi 2022-06-23 -0.08%
Coamo 30 Year USDA 2022-06-23 -0.13%
Coamo 30 Year USDA Refi 2022-06-23 -0.42%
Coamo 30 Year VA 2022-06-23 0.14%
Coamo 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 Coamo, PR.

Coamo 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 Coamo, 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 8 3.69% $3,841
FIRSTBANK PUERTO RICO 3 3.42% $4,125
Oriental Bank 3 3.33% $3,556
PENTAGON FEDERAL CREDIT UNION 1 3.25% $4,436
FIRST EQUITY MORTGAGE BANKERS, INC. 1 3.50% $4,730
CARIBE FEDERAL CREDIT UNION 1 3.25% $7,027
METRO ISLAND MORTGAGE, INC. 1 5.00% $9,151

Coamo, PR's 7 lenders originated 145 loans during 2021. The total origination value was $16,705,000, with an average loan value of $115,207.

The top Coamo lender as defined by loan originations is Banco Popular de Puerto Rico, with 8 loans originated. Their average total fees are $3,841, which is $284 lower than the next largest lender, FIRSTBANK PUERTO RICO.

The lowest fee Coamo lenders (with over 10 loans originated) are .

The lowest rate Coamo lenders (with over 10 loans originated) are .

Coamo, 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
Banco Popular de Puerto Rico $2,225,000 $3,265,000 46.7% 19.5%
FIRSTBANK PUERTO RICO $1,315,000 $2,250,000 71.1% 13.5%
THE MONEY HOUSE INC. $1,365,000 $1,950,000 42.9% 11.7%
FIRST EQUITY MORTGAGE BANKERS, INC. $1,735,000 $1,675,000 -3.5% 10.0%
Oriental Bank $1,470,000 $1,565,000 6.5% 9.4%
SUN WEST MORTGAGE COMPANY, INC. $2,230,000 $1,250,000 -43.9% 7.5%
METRO ISLAND MORTGAGE, INC. $505,000 $1,155,000 128.7% 6.9%
PREFERRED MORTGAGE CORPORATION $200,000 $640,000 220.0% 3.8%
TRUST MORTGAGE, CORP $370,000 $520,000 40.5% 3.1%
CARIBE FEDERAL CREDIT UNION $430,000 n/a 2.6%
PENTAGON FEDERAL CREDIT UNION $245,000 $350,000 42.9% 2.1%
VIG MORTGAGE CORPORATION $290,000 n/a 1.7%
HR MORTGAGE CORP. $605,000 $250,000 -58.7% 1.5%
CALCON MUTUAL MORTGAGE LLC $75,000 $155,000 106.7% 0.9%
COOPERATIVA DE AHORRO Y CREDITO DE SANTA ISABEL (CACSI) $155,000 n/a 0.9%
MULTIPLES MORTGAGE CORPORATION $155,000 n/a 0.9%
Equity Prime Mortgage LLC $125,000 n/a 0.7%
Rf Mortgage & Investment Corp $105,000 n/a 0.6%
Capital Mortgage Services Corp. $150,000 $95,000 -36.7% 0.6%
Senior Mortgage Bankers Inc $145,000 $85,000 -41.4% 0.5%
HOME MORTGAGE BANKERS CORP. $75,000 n/a 0.4%
COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA $65,000 n/a 0.4%
RM ACTUAL MORTGAGE, INC. $435,000 $55,000 -87.4% 0.3%
Cooperativa A/C de Arecibo $105,000 $45,000 -57.1% 0.3%

Coamo's top lender by overall market share is Banco Popular de Puerto Rico, with 19.5% market share. In second place, with 13.5%, is FIRSTBANK PUERTO RICO, having originated $2,250,000 in loans. In third place, with 11.7%, is THE MONEY HOUSE INC., having originated $1,950,000 in loans. In third place, with 10.0%, is FIRST EQUITY MORTGAGE BANKERS, INC., having originated $1,675,000 in loans. In third place, with 9.4%, is Oriental Bank, having originated $1,565,000 in loans.


Coamo, PR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 97 $11,535,000 $118,918
Refi 23 $2,665,000 $115,870
Cash Out Refi 23 $2,365,000 $102,826
Other 2 $140,000 $70,000

Coamo's most frequently cited loan purpose was Home Purchase, with 97 originations. The 2nd most popular reason was Refi, with 23 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 49 $5,585,000 $113,980
2.5-3% 48 $5,920,000 $123,333
<2.5% 36 $4,270,000 $118,611
4-5% 10 $860,000 $86,000
5-6% 1 $35,000 $35,000
6-7% 1 $35,000 $35,000

During 2021, Coamo's most frequently originated rate bucket was 3-4%, with 49 originations.

Loan Sizing (Coamo, PR MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 74 $10,550,000 $142,568
$100,000 or less 66 $5,000,000 $75,758
$200k-400k 5 $1,155,000 $231,000

Coamo's loan sizing saw the bucket of loans from $100k-200k with 74 originations, totaling $10,550,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 95 $11,985,000 $126,158
60-80% 36 $3,500,000 $97,222
40-60% 10 $710,000 $71,000
Over 100% 3 $385,000 $128,333

Coamo's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 95 originations, totaling $11,985,000 in origination value.