Jayuya Mortgage Rates
30 Year Fixed Rate mortgages in Jayuya averaged
6.05%
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
5.92% and
one month ago for the week of 2022-05-19, the
average rate was 5.19%.
Jayuya's average rate one year ago was 6.42%.
For refis of the same type during the week of 2022-06-23, the average rate
was 6.11%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
| Jayuya 30 Year Fixed Rate | 2022-06-23 | 6.05% |
| Jayuya 30 Year Fixed Rate Refi | 2022-06-23 | 6.11% |
| Jayuya 15 Year Fixed Rate | 2022-06-23 | 4.67% |
| Jayuya 15 Year Fixed Rate Refi | 2022-06-23 | 3.29% |
| Jayuya 30 Year FHA | 2022-06-23 | -0.17% |
| Jayuya 30 Year FHA Refi | 2022-06-23 | 0.38% |
| Jayuya 30 Year USDA | 2022-06-23 | -0.08% |
| Jayuya 30 Year USDA Refi | 2022-06-23 | -0.26% |
| Jayuya 30 Year VA | 2022-06-23 | 5.08% |
Jayuya 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 Jayuya, 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 |
|---|---|---|---|
| Baxter Credit Union | 1 | 2.88% | $5,340 |
| FIRSTBANK PUERTO RICO | 1 | 3.13% | $2,657 |
| METRO ISLAND MORTGAGE, INC. | 1 | 6.25% | $5,659 |
Jayuya, PR's 3 lenders originated 25
loans during 2021. The total origination value was $2,975,000, with an average loan value of
$119,000.
The top Jayuya lender as defined by loan originations is Baxter Credit Union, with
1 loans originated. Their average total fees are
$5,340, which is $2,683
higher than the next largest lender,
FIRSTBANK PUERTO RICO.
The lowest fee Jayuya lenders (with over 10 loans originated) are
.
The lowest rate Jayuya lenders (with over 10 loans originated) are
.
Jayuya, 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 |
|---|---|---|---|---|
| THE MONEY HOUSE INC. | $410,000 | $585,000 | 42.7% | 19.7% |
| Banco Popular de Puerto Rico | $75,000 | $465,000 | 520.0% | 15.6% |
| FIRSTBANK PUERTO RICO | $75,000 | $430,000 | 473.3% | 14.5% |
| HOME MORTGAGE BANKERS CORP. | $345,000 | n/a | 11.6% | |
| Baxter Credit Union | $85,000 | $300,000 | 252.9% | 10.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $240,000 | $240,000 | 0.0% | 8.1% |
| FIRST EQUITY MORTGAGE BANKERS, INC. | $115,000 | $190,000 | 65.2% | 6.4% |
| Oriental Bank | $135,000 | n/a | 4.5% | |
| The Lending Center Corporation | $115,000 | n/a | 3.9% | |
| HR MORTGAGE CORP. | $105,000 | n/a | 3.5% | |
| METRO ISLAND MORTGAGE, INC. | $330,000 | $65,000 | -80.3% | 2.2% |
Jayuya's top lender by overall market share is THE MONEY HOUSE INC., with 19.7% market share. In second place, with 15.6%, is Banco Popular de Puerto Rico, having originated $465,000 in loans. In third place, with 14.5%, is FIRSTBANK PUERTO RICO, having originated $430,000 in loans. In third place, with 11.6%, is HOME MORTGAGE BANKERS CORP., having originated $345,000 in loans. In third place, with 10.1%, is Baxter Credit Union, having originated $300,000 in loans.
Jayuya, PR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 15 | $1,855,000 | $123,667 |
| Other | 4 | $300,000 | $75,000 |
| Refi | 4 | $450,000 | $112,500 |
| Cash Out Refi | 2 | $370,000 | $185,000 |
Jayuya's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Other, with 4 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 11 | $1,405,000 | $127,727 |
| 2.5-3% | 8 | $990,000 | $123,750 |
| <2.5% | 5 | $515,000 | $103,000 |
| 6-7% | 1 | $65,000 | $65,000 |
During 2021, Jayuya's most frequently originated rate bucket was 3-4%, with 11 originations.
Loan Sizing (Jayuya, PR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 12 | $1,490,000 | $124,167 |
| $100,000 or less | 11 | $885,000 | $80,455 |
| $200k-400k | 2 | $600,000 | $300,000 |
Jayuya's loan sizing saw the bucket of loans from $100k-200k with 12 originations, totaling $1,490,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 17 | $2,145,000 | $126,176 |
| 60-80% | 6 | $700,000 | $116,667 |
| 20-40% | 1 | $65,000 | $65,000 |
| 40-60% | 1 | $65,000 | $65,000 |
Jayuya's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 17 originations, totaling $2,145,000 in origination value.
