Jayuya Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jayuya averaged
6.58%
for the week of 2024-11-14, compared to the national average of
6.78% for the same period.
The average rate for the prior week (2024-11-07) was
6.89% and
one month ago for the week of 2024-10-10, the
average rate was 6.52%.
Jayuya's average rate one year ago was 7.3%.
For refis of the same type during the week of 2024-11-14, the average rate
was 7.58%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-14 | 6.78% |
| Jayuya 30 Year Fixed Rate | 2024-11-14 | 6.58% |
| Jayuya 30 Year Fixed Rate Refi | 2024-11-14 | 7.58% |
| Jayuya 15 Year Fixed Rate | 2024-11-14 | 5.89% |
| Jayuya 15 Year Fixed Rate Refi | 2024-11-14 | 6.09% |
| Jayuya 30 Year FHA | 2024-11-14 | 0.2% |
| Jayuya 30 Year FHA Refi | 2024-11-14 | -0.1% |
| Jayuya 30 Year USDA | 2024-11-14 | 0% |
| Jayuya 30 Year USDA Refi | 2024-11-14 | -0.2% |
| Jayuya 30 Year VA | 2024-11-14 | 0.2% |
| Jayuya 30 Year VA Refi | 2024-11-14 | 0.2% |
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.