Coco Mortgage Rates

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

30 Year Fixed Rate mortgages in Coco averaged 6.74% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 7.05% and one month ago for the week of 2022-05-26, the average rate was 6.04%.

Coco's average rate one year ago was 3.42%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.9%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Coco 30 Year Fixed Rate 2022-06-30 6.74%
Coco 30 Year Fixed Rate Refi 2022-06-30 5.9%
Coco 15 Year Fixed Rate 2022-06-30 6.2%
Coco 15 Year Fixed Rate Refi 2022-06-30 5.08%
Coco 30 Year FHA 2022-06-30 5.76%
Coco 30 Year FHA Refi 2022-06-30 5.87%
Coco 30 Year USDA 2022-06-30 5.89%
Coco 30 Year USDA Refi 2022-06-30 5.27%
Coco 30 Year VA 2022-06-30 6.35%
Coco 30 Year VA Refi 2022-06-30 2.47%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Coco, PR.

Coco 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 Coco, 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 5 3.05% $5,122
COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS 4 3.69% $2,269
PENTAGON FEDERAL CREDIT UNION 2 2.44% $4,579
THE MONEY HOUSE INC. 1 3.88% $2,157
FIRSTBANK PUERTO RICO 1 3.25% $3,775
Baxter Credit Union 1 2.88% $1,697
SUN WEST MORTGAGE COMPANY, INC. 1 3.63% $5,243

Coco, PR's 7 lenders originated 117 loans during 2021. The total origination value was $10,565,000, with an average loan value of $90,299.

The top Coco lender as defined by loan originations is Banco Popular de Puerto Rico, with 5 loans originated. Their average total fees are $5,122, which is $2,853 higher than the next largest lender, COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS.

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

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

Coco, 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
SUN WEST MORTGAGE COMPANY, INC. $520,000 $1,715,000 229.8% 16.2%
Banco Popular de Puerto Rico $1,035,000 $1,265,000 22.2% 12.0%
RM ACTUAL MORTGAGE, INC. $1,275,000 $1,150,000 -9.8% 10.9%
THE MONEY HOUSE INC. $150,000 $1,120,000 646.7% 10.6%
METRO ISLAND MORTGAGE, INC. $460,000 $900,000 95.7% 8.5%
FIRSTBANK PUERTO RICO $230,000 $655,000 184.8% 6.2%
FIRST EQUITY MORTGAGE BANKERS, INC. $580,000 $640,000 10.3% 6.1%
HR MORTGAGE CORP. $190,000 $625,000 228.9% 5.9%
Oriental Bank $380,000 $470,000 23.7% 4.4%
PENTAGON FEDERAL CREDIT UNION $435,000 n/a 4.1%
PREFERRED MORTGAGE CORPORATION $245,000 $415,000 69.4% 3.9%
COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS $570,000 $380,000 -33.3% 3.6%
Rf Mortgage & Investment Corp $190,000 n/a 1.8%
E.M.I. EQUITY MORTGAGE, INC. $85,000 $180,000 111.8% 1.7%
LATIN AMERICAN FINANCIAL CORPORATION $95,000 n/a 0.9%
TRUST MORTGAGE, CORP $250,000 $95,000 -62.0% 0.9%
Equity Prime Mortgage LLC $85,000 n/a 0.8%
Baxter Credit Union $75,000 n/a 0.7%
Senior Mortgage Bankers Inc $75,000 n/a 0.7%

Coco's top lender by overall market share is SUN WEST MORTGAGE COMPANY, INC., with 16.2% market share. In second place, with 12.0%, is Banco Popular de Puerto Rico, having originated $1,265,000 in loans. In third place, with 10.9%, is RM ACTUAL MORTGAGE, INC., having originated $1,150,000 in loans. In third place, with 10.6%, is THE MONEY HOUSE INC., having originated $1,120,000 in loans. In third place, with 8.5%, is METRO ISLAND MORTGAGE, INC., having originated $900,000 in loans.


Coco, PR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 91 $8,525,000 $93,681
Refi 16 $1,280,000 $80,000
Cash Out Refi 10 $760,000 $76,000

Coco's most frequently cited loan purpose was Home Purchase, with 91 originations. The 2nd most popular reason was Refi, with 16 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 46 $4,360,000 $94,783
3-4% 45 $3,995,000 $88,778
<2.5% 24 $2,060,000 $85,833
4-5% 2 $150,000 $75,000

During 2021, Coco's most frequently originated rate bucket was 2.5-3%, with 46 originations.

Loan Sizing (Coco, PR MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 88 $6,930,000 $78,750
$100k-200k 29 $3,635,000 $125,345

Coco's loan sizing saw the bucket of loans from $100,000 or less with 88 originations, totaling $6,930,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 86 $8,360,000 $97,209
60-80% 21 $1,545,000 $73,571
40-60% 5 $315,000 $63,000
20-40% 2 $70,000 $35,000

Coco's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 86 originations, totaling $8,360,000 in origination value.