GUAYAMA Mortgage Rates
30 Year Fixed Rate mortgages in Guayama averaged
6.96%
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
6.87% and
one month ago for the week of 2022-05-26, the
average rate was 6.16%.
Guayama's average rate one year ago was 4.06%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.24%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
| Guayama 30 Year Fixed Rate | 2022-06-30 | 6.96% |
| Guayama 30 Year Fixed Rate Refi | 2022-06-30 | 5.24% |
| Guayama 15 Year Fixed Rate | 2022-06-30 | 5.63% |
| Guayama 15 Year Fixed Rate Refi | 2022-06-30 | 4.48% |
| Guayama 30 Year FHA | 2022-06-30 | 5.75% |
| Guayama 30 Year FHA Refi | 2022-06-30 | 5.88% |
| Guayama 30 Year USDA | 2022-06-30 | 5.39% |
| Guayama 30 Year USDA Refi | 2022-06-30 | 5.17% |
| Guayama 30 Year VA | 2022-06-30 | 5.75% |
| Guayama 30 Year VA Refi | 2022-06-30 | 5.32% |
GUAYAMA 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 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 | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
|---|---|---|---|
| Banco Popular de Puerto Rico | 23 | 3.91% | $3,300 |
| Oriental Bank | 7 | 3.07% | $3,734 |
| SUN WEST MORTGAGE COMPANY, INC. | 6 | 3.35% | $5,267 |
| FIRSTBANK PUERTO RICO | 5 | 3.18% | $3,960 |
| PREFERRED MORTGAGE CORPORATION | 3 | 3.67% | $5,743 |
| TRUST MORTGAGE, CORP | 2 | 3.13% | $8,205 |
| Cooperativa de A/C de Maunabo | 2 | 6.25% | $4,033 |
| HR MORTGAGE CORP. | 2 | 3.44% | $4,151 |
| MULTIPLES MORTGAGE CORPORATION | 1 | 5.00% | $9,893 |
| Cooperativa De Credito Y Ahorro San Jose | 1 | 4.25% | $3,809 |
| PENTAGON FEDERAL CREDIT UNION | 1 | 2.88% | $5,026 |
| CARIBE FEDERAL CREDIT UNION | 1 | 4.88% | $3,132 |
| Rf Mortgage & Investment Corp | 1 | 3.75% | $4,337 |
| Senior Mortgage Bankers Inc | 1 | 3.88% | $4,996 |
| CALCON MUTUAL MORTGAGE LLC | 1 | 4.75% | $4,157 |
| THE MONEY HOUSE INC. | 1 | 4.00% | $5,215 |
| Baxter Credit Union | 1 | 3.25% | $3,105 |
GUAYAMA, PR's 17 lenders originated 333
loans during 2021. The total origination value was $37,925,000, with an average loan value of
$113,889.
The top GUAYAMA lender as defined by loan originations is Banco Popular de Puerto Rico, with
23 loans originated. Their average total fees are
$3,300, which is $434
lower than the next largest lender,
Oriental Bank.
The lowest fee GUAYAMA lenders (with over 10 loans originated) are
Banco Popular de Puerto Rico ($3,300), .
The lowest rate GUAYAMA lenders (with over 10 loans originated) are
Banco Popular de Puerto Rico (3.91%), .
GUAYAMA, 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 | $3,045,000 | $9,145,000 | 200.3% | 24.1% |
| THE MONEY HOUSE INC. | $885,000 | $4,130,000 | 366.7% | 10.9% |
| Oriental Bank | $1,540,000 | $3,810,000 | 147.4% | 10.0% |
| PREFERRED MORTGAGE CORPORATION | $2,005,000 | $3,500,000 | 74.6% | 9.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $970,000 | $2,735,000 | 182.0% | 7.2% |
| Cooperativa de A/C de Maunabo | $35,000 | $2,200,000 | 6,185.7% | 5.8% |
| FIRSTBANK PUERTO RICO | $1,970,000 | $1,975,000 | 0.3% | 5.2% |
| METRO ISLAND MORTGAGE, INC. | $615,000 | $1,580,000 | 156.9% | 4.2% |
| HOME MORTGAGE BANKERS CORP. | $5,245,000 | $1,395,000 | -73.4% | 3.7% |
| HR MORTGAGE CORP. | $910,000 | $1,360,000 | 49.5% | 3.6% |
| FIRST EQUITY MORTGAGE BANKERS, INC. | $760,000 | $1,285,000 | 69.1% | 3.4% |
| TRUST MORTGAGE, CORP | $540,000 | $890,000 | 64.8% | 2.3% |
| Rf Mortgage & Investment Corp | $500,000 | $755,000 | 51.0% | 2.0% |
| Senior Mortgage Bankers Inc | $275,000 | $590,000 | 114.5% | 1.6% |
| E.M.I. EQUITY MORTGAGE, INC. | $270,000 | $555,000 | 105.6% | 1.5% |
| VIG MORTGAGE CORPORATION | $365,000 | n/a | 1.0% | |
| RM ACTUAL MORTGAGE, INC. | $985,000 | $360,000 | -63.5% | 0.9% |
| MULTIPLES MORTGAGE CORPORATION | $165,000 | $260,000 | 57.6% | 0.7% |
| PENTAGON FEDERAL CREDIT UNION | $240,000 | n/a | 0.6% | |
| The Lending Center Corporation | $200,000 | n/a | 0.5% | |
| CARIBE FEDERAL CREDIT UNION | $110,000 | $180,000 | 63.6% | 0.5% |
| Baxter Credit Union | $160,000 | n/a | 0.4% | |
| CALCON MUTUAL MORTGAGE LLC | $105,000 | n/a | 0.3% | |
| Cooperativa De Credito Y Ahorro San Jose | $105,000 | $105,000 | 0.0% | 0.3% |
| COOPERATIVA DE AHORRO Y CREDITO DE SANTA ISABEL (CACSI) | $165,000 | $45,000 | -72.7% | 0.1% |
GUAYAMA's top lender by overall market share is Banco Popular de Puerto Rico, with 24.1% market share. In second place, with 10.9%, is THE MONEY HOUSE INC., having originated $4,130,000 in loans. In third place, with 10.0%, is Oriental Bank, having originated $3,810,000 in loans. In third place, with 9.2%, is PREFERRED MORTGAGE CORPORATION, having originated $3,500,000 in loans. In third place, with 7.2%, is SUN WEST MORTGAGE COMPANY, INC., having originated $2,735,000 in loans.
GUAYAMA, PR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 246 | $24,680,000 | $100,325 |
| Refi | 44 | $8,060,000 | $183,182 |
| Cash Out Refi | 37 | $4,575,000 | $123,649 |
| Other | 5 | $545,000 | $109,000 |
| Home Improvement | 1 | $65,000 | $65,000 |
Guayama's most frequently cited loan purpose was Home Purchase, with 246 originations. The 2nd most popular reason was Refi, with 44 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 127 | $12,945,000 | $101,929 |
| 3-4% | 126 | $12,010,000 | $95,317 |
| <2.5% | 45 | $4,145,000 | $92,111 |
| 4-5% | 29 | $8,375,000 | $288,793 |
| 5-6% | 2 | $120,000 | $60,000 |
| 6-7% | 2 | $140,000 | $70,000 |
| 7-8% | 2 | $190,000 | $95,000 |
During 2021, Guayama's most frequently originated rate bucket was 2.5-3%, with 127 originations.
Loan Sizing (GUAYAMA, PR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 206 | $15,620,000 | $75,825 |
| $100k-200k | 115 | $14,445,000 | $125,609 |
| $200k-400k | 9 | $2,275,000 | $252,778 |
| $Over $1MM | 2 | $4,710,000 | $2,355,000 |
| $600k-1000k | 1 | $875,000 | $875,000 |
GUAYAMA's loan sizing saw the bucket of loans from $100,000 or less with 206 originations, totaling $15,620,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 232 | $27,580,000 | $118,879 |
| 60-80% | 81 | $7,585,000 | $93,642 |
| 40-60% | 9 | $625,000 | $69,444 |
| Over 100% | 5 | $615,000 | $123,000 |
| 20-40% | 3 | $175,000 | $58,333 |
| Under 20% | 2 | $1,250,000 | $625,000 |
GUAYAMA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 232 originations, totaling $27,580,000 in origination value.
