GUAYAMA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Guayama averaged
7.29%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
7.38% and
one month ago for the week of 2023-08-17, the
average rate was 7.29%.
Guayama's average rate one year ago was 5.82%.
For refis of the same type during the week of 2023-09-21, the average rate
was 7.09%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
| Guayama 30 Year Fixed Rate | 2023-09-21 | 7.29% |
| Guayama 30 Year Fixed Rate Refi | 2023-09-21 | 7.09% |
| Guayama 15 Year Fixed Rate | 2023-09-21 | 6.34% |
| Guayama 15 Year Fixed Rate Refi | 2023-09-21 | 6.64% |
| Guayama 30 Year FHA | 2023-09-21 | 6.94% |
| Guayama 30 Year FHA Refi | 2023-09-21 | 6.94% |
| Guayama 30 Year USDA | 2023-09-21 | 6.8% |
| Guayama 30 Year USDA Refi | 2023-09-21 | 6.92% |
| Guayama 30 Year VA | 2023-09-21 | 6.92% |
| Guayama 30 Year VA Refi | 2023-09-21 | 6.82% |
GUAYAMA 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 GUAYAMA, 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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| Banco Popular de Puerto Rico | 16 | 5.76% | $4,668 |
| Oriental Bank | 7 | 5.43% | $3,971 |
| FIRSTBANK PUERTO RICO | 6 | 5.10% | $4,617 |
| FIRST EQUITY MORTGAGE BANKERS, INC. | 4 | 5.84% | $4,492 |
| SUN WEST MORTGAGE COMPANY, INC. | 2 | 6.56% | $6,362 |
| Cooperativa de A/C de Maunabo | 2 | 4.50% | $4,036 |
| Cooperativa de Ahorro y Credito Jesus Obrero | 2 | 5.00% | $3,383 |
| PENTAGON FEDERAL CREDIT UNION | 2 | 4.94% | $3,934 |
| Cooperativa de Ahorro y Credito de Rincon | 1 | 5.50% | $6,354 |
| Cooperativa de Ahorro y Credito Aguas Buenas | 1 | 6.65% | $4,012 |
| Capital Mortgage Services Corp. | 1 | 5.88% | $5,354 |
| CALCON MUTUAL MORTGAGE LLC | 1 | 3.38% | $5,611 |
| PREFERRED MORTGAGE CORPORATION | 1 | 6.88% | $14,610 |
| Equity Prime Mortgage LLC | 1 | 4.00% | $9,130 |
GUAYAMA Average Closing Costs & Other Stats
GUAYAMA, PR's 14 lenders originated 246
loans during 2022. The total origination value was $23,820,000, with an average loan value of
$96,829.
GUAYAMA's average closing costs are $5,410.
The top GUAYAMA lender as defined by loan originations is Banco Popular de Puerto Rico, with
16 loans originated. Their average total fees are
$4,668, which is $697
higher than the next largest lender,
Oriental Bank.
The lowest fee GUAYAMA lenders (with over 10 loans originated) are
Banco Popular de Puerto Rico ($4,668), .
The lowest rate GUAYAMA lenders (with over 10 loans originated) are
Banco Popular de Puerto Rico (5.76%), .
GUAYAMA, 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.
GUAYAMA's top lender by overall market share is FIRSTBANK PUERTO RICO, with 10.9% market share. In second place, with 9.1%, is HR MORTGAGE CORP., having originated $2,170,000 in loans. In third place, with 9.0%, is Banco Popular de Puerto Rico, having originated $2,155,000 in loans. In fourth place, with 8.6%, is THE MONEY HOUSE INC., having originated $2,060,000 in loans. In fifth place, with 8.3%, is Oriental Bank, having originated $1,980,000 in loans.
GUAYAMA, PR Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 00704 | Guayama, PR | $360 | $370 | $420 | $570 | $570 |
| 00714 | Guayama, PR | $380 | $390 | $440 | $590 | $600 |
| 00723 | Guayama, PR | $360 | $390 | $450 | $630 | $760 |
| 00784 | Guayama, PR | $370 | $380 | $430 | $580 | $580 |
| 00785 | Guayama, PR | $370 | $380 | $430 | $580 | $580 |
2022 Average & Median Rent Data Statistics
GUAYAMA, PR average 1BR rent: $382, median: $380
GUAYAMA, PR average 2BR rent: $434, median: $430
GUAYAMA, PR average 3BR rent: $590, median: $580
GUAYAMA, PR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 216 | $21,230,000 | $98,287 |
| Cash Out Refi | 18 | $1,570,000 | $87,222 |
| Refi | 9 | $765,000 | $85,000 |
| Other | 3 | $255,000 | $85,000 |
Guayama's most frequently cited loan purpose was Home Purchase, with 216 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 80 | $7,340,000 | $91,750 |
| 4-5% | 59 | $6,295,000 | $106,695 |
| 6-7% | 43 | $4,425,000 | $102,907 |
| 3-4% | 35 | $3,185,000 | $91,000 |
| 2.5-3% | 12 | $1,190,000 | $99,167 |
| 7-8% | 7 | $585,000 | $83,571 |
| <2.5% | 4 | $330,000 | $82,500 |
| Over 8% | 3 | $275,000 | $91,667 |
During 2022, Guayama's most frequently originated rate bucket was 5-6%, with 80 originations.
Loan Sizing (GUAYAMA, PR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 151 | $11,015,000 | $72,947 |
| $100k-200k | 89 | $11,425,000 | $128,371 |
| $200k-400k | 6 | $1,380,000 | $230,000 |
GUAYAMA's loan sizing saw the bucket of loans from $100,000 or less with 151 originations, totaling $11,015,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 135 | $14,705,000 | $108,926 |
| 60-80% | 82 | $7,180,000 | $87,561 |
| 40-60% | 24 | $1,350,000 | $56,250 |
| Over 100% | 4 | $570,000 | $142,500 |
| Under 20% | 1 | $15,000 | $15,000 |
GUAYAMA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 135 originations, totaling $14,705,000 in origination value.