Coco Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Coco averaged
6.74%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
6.75% and
one month ago for the week of 2025-02-27, the
average rate was 6.96%.
Coco's average rate one year ago was 6.79%.
For refis of the same type during the week of 2025-04-03, the average rate
was 6.84%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
| Coco 30 Year Fixed Rate | 2025-04-03 | 6.74% |
| Coco 30 Year Fixed Rate Refi | 2025-04-03 | 6.84% |
| Coco 15 Year Fixed Rate | 2025-04-03 | 5.82% |
| Coco 15 Year Fixed Rate Refi | 2025-04-03 | 5.92% |
| Coco 30 Year FHA | 2025-04-03 | 6.36% |
| Coco 30 Year FHA Refi | 2025-04-03 | 6.46% |
| Coco 30 Year USDA | 2025-04-03 | 6.42% |
| Coco 30 Year USDA Refi | 2025-04-03 | 6.52% |
| Coco 30 Year VA | 2025-04-03 | 6.26% |
| Coco 30 Year VA Refi | 2025-04-03 | 5.86% |
Coco 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 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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Oriental Bank | 4 | 6.56% | $4,378 |
| FIRSTBANK PUERTO RICO | 2 | 6.25% | $4,879 |
| THE MONEY HOUSE INC. | 2 | 7.00% | $5,032 |
| COOPERATIVA DE AHORRO Y CREDITO DE SANTA ISABEL (CACSI) | 1 | 7.50% | $8,918 |
| Cooperativa de Ahorro y Credito Jesus Obrero | 1 | 6.35% | $4,528 |
| Banco Popular de Puerto Rico | 1 | 9.25% | $3,969 |
| PREFERRED MORTGAGE CORPORATION | 1 | 8.00% | $8,551 |
| EVERETT FINANCIAL, INC. | 1 | 8.63% | $6,847 |
| Cooperativa A/C de Arecibo | 1 | 6.25% | $8,970 |
| Cooperativa A/C Oriental | 1 | 6.75% | $7,809 |
Coco Average Closing Costs & Other Stats
Coco, PR's 10 lenders originated 56
loans during 2024. The total origination value was $5,750,000, with an average loan value of
$102,679.
Coco's average closing costs are $5,581.
The top Coco lender as defined by loan originations is Oriental Bank, with
4 loans originated. Their average total fees are
$4,378, which is $501
lower than the next largest lender,
FIRSTBANK PUERTO RICO.
The lowest fee Coco lenders (with over 10 loans originated) are
.
The lowest rate Coco lenders (with over 10 loans originated) are
.
Coco, 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 |
|---|---|---|---|---|
| Oriental Bank | $845,000 | $945,000 | 11.8% | 16.4% |
| THE MONEY HOUSE INC. | $1,995,000 | $690,000 | -65.4% | 12.0% |
| RM ACTUAL MORTGAGE, INC. | $660,000 | $640,000 | -3.0% | 11.1% |
| FIRST EQUITY MORTGAGE BANKERS, INC. | $150,000 | $570,000 | 280.0% | 9.9% |
| FIRSTBANK PUERTO RICO | $1,230,000 | $400,000 | -67.5% | 7.0% |
| HR MORTGAGE CORP. | $155,000 | $390,000 | 151.6% | 6.8% |
| The Lending Center Corporation | $370,000 | n/a | 6.4% | |
| PREFERRED MORTGAGE CORPORATION | $260,000 | $325,000 | 25.0% | 5.7% |
| HOME MORTGAGE BANKERS CORP. | $510,000 | $240,000 | -52.9% | 4.2% |
| PENTAGON FEDERAL CREDIT UNION | $115,000 | $180,000 | 56.5% | 3.1% |
| Cooperativa A/C Oriental | $85,000 | $165,000 | 94.1% | 2.9% |
| COOPERATIVA DE AHORRO Y CREDITO DE SANTA ISABEL (CACSI) | $115,000 | n/a | 2.0% | |
| METRO ISLAND MORTGAGE, INC. | $365,000 | $115,000 | -68.5% | 2.0% |
| COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA | $105,000 | n/a | 1.8% | |
| EVERETT FINANCIAL, INC. | $135,000 | $105,000 | -22.2% | 1.8% |
| Cooperativa A/C de Arecibo | $95,000 | n/a | 1.7% | |
| Banco Popular de Puerto Rico | $920,000 | $85,000 | -90.8% | 1.5% |
| SUN WEST MORTGAGE COMPANY, INC. | $530,000 | $85,000 | -84.0% | 1.5% |
| Cooperativa de Ahorro y Credito Jesus Obrero | $65,000 | n/a | 1.1% | |
| TRUST MORTGAGE, CORP | $105,000 | $65,000 | -38.1% | 1.1% |
Coco's top lender by overall market share is Oriental Bank, with 16.4% market share. In second place, with 12.0%, is THE MONEY HOUSE INC., having originated $690,000 in loans. In third place, with 11.1%, is RM ACTUAL MORTGAGE, INC., having originated $640,000 in loans. In fourth place, with 9.9%, is FIRST EQUITY MORTGAGE BANKERS, INC., having originated $570,000 in loans. In fifth place, with 7.0%, is FIRSTBANK PUERTO RICO, having originated $400,000 in loans.
Coco, PR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 51 | $5,235,000 | $102,647 |
| Cash Out Refi | 5 | $515,000 | $103,000 |
Coco's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 36 | $3,450,000 | $95,833 |
| 5-6% | 8 | $830,000 | $103,750 |
| 7-8% | 6 | $880,000 | $146,667 |
| 4-5% | 4 | $400,000 | $100,000 |
| Over 8% | 2 | $190,000 | $95,000 |
During 2024, Coco's most frequently originated rate bucket was 6-7%, with 36 originations.
Loan Sizing (Coco, PR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 27 | $1,825,000 | $67,593 |
| $100k-200k | 27 | $3,425,000 | $126,852 |
| $200k-400k | 2 | $500,000 | $250,000 |
Coco's loan sizing saw the bucket of loans from $100,000 or less with 27 originations, totaling $1,825,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 21 | $2,145,000 | $102,143 |
| 80-100% | 21 | $2,625,000 | $125,000 |
| 40-60% | 9 | $505,000 | $56,111 |
| Over 100% | 3 | $425,000 | $141,667 |
| 20-40% | 2 | $50,000 | $25,000 |
Coco's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 21 originations, totaling $2,145,000 in origination value.