PONCE Mortgage Rates

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

30 Year Fixed Rate mortgages in Ponce averaged 6.52% 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 6.73% and one month ago for the week of 2022-05-26, the average rate was 6.02%.

Ponce's average rate one year ago was 3.86%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.7%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Ponce 30 Year Fixed Rate 2022-06-30 6.52%
Ponce 30 Year Fixed Rate Refi 2022-06-30 5.7%
Ponce 15 Year Fixed Rate 2022-06-30 5.63%
Ponce 15 Year Fixed Rate Refi 2022-06-30 4.74%
Ponce 30 Year FHA 2022-06-30 5.39%
Ponce 30 Year FHA Refi 2022-06-30 5.54%
Ponce 30 Year USDA 2022-06-30 5.6%
Ponce 30 Year USDA Refi 2022-06-30 5.31%
Ponce 30 Year VA 2022-06-30 5.84%
Ponce 30 Year VA Refi 2022-06-30 5.38%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within PONCE, PR.

PONCE 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 PONCE, 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 56 3.56% $4,682
SUN WEST MORTGAGE COMPANY, INC. 25 3.33% $5,452
FIRSTBANK PUERTO RICO 24 3.55% $5,694
Oriental Bank 19 3.40% $5,096
PENTAGON FEDERAL CREDIT UNION 13 2.69% $5,559
FIRST EQUITY MORTGAGE BANKERS, INC. 11 3.93% $8,535
MULTIPLES MORTGAGE CORPORATION 4 5.13% $8,258
THE MONEY HOUSE INC. 4 3.38% $4,160
COOPERATIVA DE AHORRO Y CREDITO DE SANTA ISABEL (CACSI) 4 6.06% $57,552
METRO ISLAND MORTGAGE, INC. 3 4.83% $6,591
The Lending Center Corporation 3 3.21% $13,921
Baxter Credit Union 2 2.50% $7,112
HR MORTGAGE CORP. 2 3.25% $6,729
Cooperativa de Ahorro y Credito de Rincon 1 5.50% $3,624
PREFERRED MORTGAGE CORPORATION 1 3.75% $5,834
HOME MORTGAGE BANKERS CORP. 1 3.88% $5,143
CALCON MUTUAL MORTGAGE LLC 1 2.75% $5,372
VIG MORTGAGE CORPORATION 1 3.50% $5,039
RM ACTUAL MORTGAGE, INC. 1 4.13% $2,912
COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS 1 6.75% $2,750

PONCE, PR's 20 lenders originated 989 loans during 2021. The total origination value was $122,765,000, with an average loan value of $124,130.

The top PONCE lender as defined by loan originations is Banco Popular de Puerto Rico, with 56 loans originated. Their average total fees are $4,682, which is $770 lower than the next largest lender, SUN WEST MORTGAGE COMPANY, INC..

The lowest fee PONCE lenders (with over 10 loans originated) are Banco Popular de Puerto Rico ($4,682), Oriental Bank ($5,096), SUN WEST MORTGAGE COMPANY, INC. ($5,452), PENTAGON FEDERAL CREDIT UNION ($5,559) and FIRSTBANK PUERTO RICO ($5,694).

The lowest rate PONCE lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (2.69%), SUN WEST MORTGAGE COMPANY, INC. (3.33%), Oriental Bank (3.40%), FIRSTBANK PUERTO RICO (3.55%) and Banco Popular de Puerto Rico (3.56%).

PONCE, 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 $15,285,000 $22,465,000 47.0% 18.3%
SUN WEST MORTGAGE COMPANY, INC. $14,675,000 $20,515,000 39.8% 16.7%
FIRSTBANK PUERTO RICO $12,710,000 $14,800,000 16.4% 12.1%
THE MONEY HOUSE INC. $11,945,000 $13,335,000 11.6% 10.9%
FIRST EQUITY MORTGAGE BANKERS, INC. $8,750,000 $13,290,000 51.9% 10.8%
Oriental Bank $7,850,000 $11,585,000 47.6% 9.4%
METRO ISLAND MORTGAGE, INC. $3,595,000 $6,525,000 81.5% 5.3%
PENTAGON FEDERAL CREDIT UNION $1,135,000 $4,240,000 273.6% 3.5%
RM ACTUAL MORTGAGE, INC. $1,180,000 $3,545,000 200.4% 2.9%
PREFERRED MORTGAGE CORPORATION $1,475,000 $1,765,000 19.7% 1.4%
HR MORTGAGE CORP. $1,020,000 $1,480,000 45.1% 1.2%
TRUST MORTGAGE, CORP $545,000 $1,190,000 118.3% 1.0%
The Lending Center Corporation $75,000 $965,000 1,186.7% 0.8%
MULTIPLES MORTGAGE CORPORATION $360,000 $960,000 166.7% 0.8%
Senior Mortgage Bankers Inc $1,020,000 $635,000 -37.7% 0.5%
CARIBE FEDERAL CREDIT UNION $45,000 $590,000 1,211.1% 0.5%
Cooperativa A/C de Arecibo $415,000 $575,000 38.6% 0.5%
LENDUS, LLC $505,000 n/a 0.4%
Capital Mortgage Services Corp. $705,000 $490,000 -30.5% 0.4%
Baxter Credit Union $480,000 n/a 0.4%
COOPERATIVA DE AHORRO Y CREDITO DE SANTA ISABEL (CACSI) $480,000 n/a 0.4%
VIG MORTGAGE CORPORATION $510,000 $360,000 -29.4% 0.3%
Equity Prime Mortgage LLC $350,000 n/a 0.3%
E.M.I. EQUITY MORTGAGE, INC. $1,275,000 $335,000 -73.7% 0.3%
HOME MORTGAGE BANKERS CORP. $105,000 $305,000 190.5% 0.2%
Rf Mortgage & Investment Corp $105,000 $250,000 138.1% 0.2%
COOPERATIVA DE AHORRO Y CREDITO DE CAMUY $170,000 n/a 0.1%
Cooperativa de Ahorro y Credito de Rincon $125,000 n/a 0.1%
CALCON MUTUAL MORTGAGE LLC $105,000 $85,000 -19.0% 0.1%
COOPERATIVA DE AHORRO Y CREDITO DEL VALENCIANO $85,000 n/a 0.1%
COOPERATIVA DE AHORRO Y CREDITO DE LARES $65,000 n/a 0.1%
COOPERATIVA DE AHORRO Y CREDITO DE ISABELA $55,000 $55,000 0.0% 0.0%
COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS $55,000 n/a 0.0%
LATIN AMERICAN FINANCIAL CORPORATION $85,000 $55,000 -35.3% 0.0%
SAN RAFAEL COOP $55,000 n/a 0.0%

PONCE's top lender by overall market share is Banco Popular de Puerto Rico, with 18.3% market share. In second place, with 16.7%, is SUN WEST MORTGAGE COMPANY, INC., having originated $20,515,000 in loans. In third place, with 12.1%, is FIRSTBANK PUERTO RICO, having originated $14,800,000 in loans. In third place, with 10.9%, is THE MONEY HOUSE INC., having originated $13,335,000 in loans. In third place, with 10.8%, is FIRST EQUITY MORTGAGE BANKERS, INC., having originated $13,290,000 in loans.


PONCE, PR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 690 $87,500,000 $126,812
Refi 183 $21,965,000 $120,027
Cash Out Refi 110 $12,800,000 $116,364
Other 6 $500,000 $83,333

Ponce's most frequently cited loan purpose was Home Purchase, with 690 originations. The 2nd most popular reason was Refi, with 183 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 366 $40,580,000 $110,874
2.5-3% 335 $45,255,000 $135,090
<2.5% 208 $28,850,000 $138,702
4-5% 56 $5,920,000 $105,714
5-6% 18 $1,480,000 $82,222
6-7% 4 $420,000 $105,000
7-8% 1 $155,000 $155,000

During 2021, Ponce's most frequently originated rate bucket was 3-4%, with 366 originations.

Loan Sizing (PONCE, PR MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 455 $35,025,000 $76,978
$100k-200k 433 $58,055,000 $134,076
$200k-400k 91 $24,885,000 $273,462
$400k-600k 10 $4,800,000 $480,000

PONCE's loan sizing saw the bucket of loans from $100,000 or less with 455 originations, totaling $35,025,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 655 $86,585,000 $132,191
60-80% 257 $29,325,000 $114,105
40-60% 42 $3,610,000 $85,952
20-40% 10 $540,000 $54,000
Over 100% 9 $1,015,000 $112,778

PONCE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 655 originations, totaling $86,585,000 in origination value.