Jayuya Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jayuya averaged
9.89%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
9.92% and
one month ago for the week of 2023-02-09, the
average rate was 9.51%.
Jayuya's average rate one year ago was 3.62%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.87%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Jayuya 30 Year Fixed Rate | 2023-03-16 | 9.89% |
| Jayuya 30 Year Fixed Rate Refi | 2023-03-16 | 6.87% |
| Jayuya 15 Year Fixed Rate | 2023-03-16 | 4.87% |
| Jayuya 15 Year Fixed Rate Refi | 2023-03-16 | 3.39% |
| Jayuya 30 Year FHA | 2023-03-16 | 6.51% |
| Jayuya 30 Year FHA Refi | 2023-03-16 | 6.01% |
| Jayuya 30 Year USDA | 2023-03-16 | 6.37% |
| Jayuya 30 Year USDA Refi | 2023-03-16 | 2.54% |
| Jayuya 30 Year VA | 2023-03-16 | 6.26% |
Jayuya 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 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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| COOPERATIVA DE CREDITO LA SAGRADA FAMILIA | 1 | 5.25% | $6,521 |
| Cooperativa De Credito Y Ahorro San Jose | 1 | 5.95% | $2,944 |
| Equity Prime Mortgage LLC | 1 | 3.50% | $12,070 |
| FIRSTBANK PUERTO RICO | 1 | 5.63% | $2,824 |
Jayuya Average Closing Costs & Other Stats
Jayuya, PR's 4 lenders originated 22
loans during 2022. The total origination value was $2,260,000, with an average loan value of
$102,727.
Jayuya's average closing costs are $5,537.
The top Jayuya lender as defined by loan originations is COOPERATIVA DE CREDITO LA SAGRADA FAMILIA, with
1 loans originated. Their average total fees are
$6,521, which is $3,577
higher than the next largest lender,
Cooperativa De Credito Y Ahorro San Jose.
The lowest fee Jayuya lenders (with over 10 loans originated) are
.
The lowest rate Jayuya lenders (with over 10 loans originated) are
.
Jayuya, 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Banco Popular de Puerto Rico | $465,000 | $400,000 | -14.0% | 17.7% |
| FIRST EQUITY MORTGAGE BANKERS, INC. | $190,000 | $400,000 | 110.5% | 17.7% |
| TRUST MORTGAGE, CORP | $235,000 | n/a | 10.4% | |
| Equity Prime Mortgage LLC | $205,000 | n/a | 9.1% | |
| FIRSTBANK PUERTO RICO | $430,000 | $200,000 | -53.5% | 8.8% |
| THE MONEY HOUSE INC. | $585,000 | $195,000 | -66.7% | 8.6% |
| COOPERATIVA DE CREDITO LA SAGRADA FAMILIA | $115,000 | n/a | 5.1% | |
| Oriental Bank | $135,000 | $105,000 | -22.2% | 4.6% |
| HOME MORTGAGE BANKERS CORP. | $345,000 | $95,000 | -72.5% | 4.2% |
| PREFERRED MORTGAGE CORPORATION | $95,000 | n/a | 4.2% | |
| VIG MORTGAGE CORPORATION | $85,000 | n/a | 3.8% | |
| Cooperativa De Credito Y Ahorro San Jose | $75,000 | n/a | 3.3% | |
| COOPERATIVA DE AHORRO Y CREDITO DE LARES | $55,000 | n/a | 2.4% |
Jayuya's top lender by overall market share is Banco Popular de Puerto Rico, with 17.7% market share. In second place, with 17.7%, is FIRST EQUITY MORTGAGE BANKERS, INC., having originated $400,000 in loans. In third place, with 10.4%, is TRUST MORTGAGE, CORP, having originated $235,000 in loans. In fourth place, with 9.1%, is Equity Prime Mortgage LLC, having originated $205,000 in loans. In fifth place, with 8.8%, is FIRSTBANK PUERTO RICO, having originated $200,000 in loans.
Jayuya, PR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 20 | $2,070,000 | $103,500 |
| Cash Out Refi | 2 | $190,000 | $95,000 |
Jayuya's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 8 | $740,000 | $92,500 |
| 5-6% | 7 | $625,000 | $89,286 |
| 3-4% | 4 | $650,000 | $162,500 |
| 6-7% | 2 | $170,000 | $85,000 |
| 2.5-3% | 1 | $75,000 | $75,000 |
During 2022, Jayuya's most frequently originated rate bucket was 4-5%, with 8 originations.
Loan Sizing (Jayuya, PR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 12 | $920,000 | $76,667 |
| $100k-200k | 8 | $900,000 | $112,500 |
| $200k-400k | 2 | $440,000 | $220,000 |
Jayuya's loan sizing saw the bucket of loans from $100,000 or less with 12 originations, totaling $920,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 10 | $1,250,000 | $125,000 |
| 60-80% | 9 | $845,000 | $93,889 |
| 40-60% | 2 | $140,000 | $70,000 |
| 20-40% | 1 | $25,000 | $25,000 |
Jayuya's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 10 originations, totaling $1,250,000 in origination value.