Jayuya Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Jayuya averaged 6.69% for the week of 2024-07-11, compared to the national average of 6.89% for the same period.

The average rate for the prior week (2024-07-03) was 6.95% and one month ago for the week of 2024-06-06, the average rate was 6.99%.

Jayuya's average rate one year ago was 6.71%.

For refis of the same type during the week of 2024-07-11, the average rate was 7.39%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-11 6.89%
Jayuya 30 Year Fixed Rate 2024-07-11 6.69%
Jayuya 30 Year Fixed Rate Refi 2024-07-11 7.39%
Jayuya 15 Year Fixed Rate 2024-07-11 6.27%
Jayuya 15 Year Fixed Rate Refi 2024-07-11 6.07%
Jayuya 30 Year FHA 2024-07-11 6.56%
Jayuya 30 Year FHA Refi 2024-07-11 6.86%
Jayuya 30 Year USDA 2024-07-11 6.67%
Jayuya 30 Year USDA Refi 2024-07-11 6.47%
Jayuya 30 Year VA 2024-07-11 6.46%
Jayuya 30 Year VA Refi 2024-07-11 6.56%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Jayuya, PR.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Banco Popular de Puerto Rico 2 7.50% $4,214
COOPERATIVA DE AHORRO Y CREDITO DE LARES 1 6.74% $4,460
FIRSTBANK PUERTO RICO 1 6.63% $3,941

Jayuya Average Closing Costs & Other Stats

Jayuya, PR's 3 lenders originated 10 loans during 2023. The total origination value was $930,000, with an average loan value of $93,000.

Jayuya's average closing costs are $5,539.

The top Jayuya lender as defined by loan originations is Banco Popular de Puerto Rico, with 2 loans originated. Their average total fees are $4,214, which is $246 lower than the next largest lender, COOPERATIVA DE AHORRO Y CREDITO DE LARES.

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
FIRST EQUITY MORTGAGE BANKERS, INC. $400,000 $305,000 -23.8% 32.8%
Banco Popular de Puerto Rico $400,000 $210,000 -47.5% 22.6%
PREFERRED MORTGAGE CORPORATION $95,000 $125,000 31.6% 13.4%
COOPERATIVA DE AHORRO Y CREDITO DE LARES $55,000 $85,000 54.5% 9.1%
THE MONEY HOUSE INC. $195,000 $75,000 -61.5% 8.1%
FIRSTBANK PUERTO RICO $200,000 $65,000 -67.5% 7.0%
SUN WEST MORTGAGE COMPANY, INC. $65,000 n/a 7.0%

Jayuya's top lender by overall market share is FIRST EQUITY MORTGAGE BANKERS, INC., with 32.8% market share. In second place, with 22.6%, is Banco Popular de Puerto Rico, having originated $210,000 in loans. In third place, with 13.4%, is PREFERRED MORTGAGE CORPORATION, having originated $125,000 in loans. In fourth place, with 9.1%, is COOPERATIVA DE AHORRO Y CREDITO DE LARES, having originated $85,000 in loans. In fifth place, with 8.1%, is THE MONEY HOUSE INC., having originated $75,000 in loans.

Jayuya, PR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 10 $930,000 $93,000

Jayuya's most frequently cited loan purpose was Home Purchase, with 10 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 6 $510,000 $85,000
7-8% 2 $200,000 $100,000
5-6% 1 $135,000 $135,000
Over 8% 1 $85,000 $85,000

During 2023, Jayuya's most frequently originated rate bucket was 6-7%, with 6 originations.

Loan Sizing (Jayuya, PR MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 7 $545,000 $77,857
$100k-200k 3 $385,000 $128,333

Jayuya's loan sizing saw the bucket of loans from $100,000 or less with 7 originations, totaling $545,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 5 $555,000 $111,000
60-80% 4 $310,000 $77,500
40-60% 1 $65,000 $65,000

Jayuya's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 5 originations, totaling $555,000 in origination value.