PONCE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ponce averaged
7.17%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
7.08% and
one month ago for the week of 2025-02-27, the
average rate was 7.29%.
Ponce's average rate one year ago was 7.42%.
For refis of the same type during the week of 2025-04-03, the average rate
was 6.84%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
| Ponce 30 Year Fixed Rate | 2025-04-03 | 7.17% |
| Ponce 30 Year Fixed Rate Refi | 2025-04-03 | 6.84% |
| Ponce 15 Year Fixed Rate | 2025-04-03 | 5.72% |
| Ponce 15 Year Fixed Rate Refi | 2025-04-03 | 6.32% |
| Ponce 30 Year FHA | 2025-04-03 | 6.07% |
| Ponce 30 Year FHA Refi | 2025-04-03 | 6.36% |
| Ponce 30 Year USDA | 2025-04-03 | 6.42% |
| Ponce 30 Year USDA Refi | 2025-04-03 | 6.12% |
| Ponce 30 Year VA | 2025-04-03 | 5.86% |
| Ponce 30 Year VA Refi | 2025-04-03 | 6.26% |
PONCE 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 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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Banco Popular de Puerto Rico | 57 | 8.25% | $6,425 |
| FIRSTBANK PUERTO RICO | 18 | 6.20% | $5,749 |
| THE MONEY HOUSE INC. | 15 | 6.88% | $6,570 |
| SUN WEST MORTGAGE COMPANY, INC. | 9 | 7.07% | $10,903 |
| Oriental Bank | 7 | 6.36% | $4,821 |
| Cooperativa A/C de Arecibo | 7 | 6.39% | $11,186 |
| PENTAGON FEDERAL CREDIT UNION | 5 | 6.60% | $7,698 |
| FIRST EQUITY MORTGAGE BANKERS, INC. | 3 | 6.96% | $12,208 |
| COOPERATIVA DE AHORRO Y CREDITO DE CAMUY | 2 | 6.45% | $5,756 |
| Baxter Credit Union | 2 | 6.63% | $4,552 |
| The Lending Center Corporation | 2 | 7.44% | $6,395 |
| CARIBE FEDERAL CREDIT UNION | 2 | 6.69% | $7,053 |
| HR MORTGAGE CORP. | 1 | 7.00% | $11,627 |
| MULTIPLES MORTGAGE CORPORATION | 1 | 7.00% | $5,598 |
| COOPERATIVA DE AHORRO Y CREDITO DE CABO ROJO | 1 | 8.75% | $6,238 |
| Cooperativa de A/C de Maunabo | 1 | 6.55% | $7,758 |
| Rf Mortgage & Investment Corp | 1 | 7.50% | $13,058 |
| COOPERATIVA DE AHORRO Y CREDITO DE LARES | 1 | 6.75% | $5,181 |
| Cooperativa A/C Oriental | 1 | 7.75% | $3,498 |
| Capital Mortgage Services Corp. | 1 | 7.75% | $5,347 |
PONCE Average Closing Costs & Other Stats
PONCE, PR's 20 lenders originated 509
loans during 2024. The total origination value was $66,065,000, with an average loan value of
$129,794.
PONCE's average closing costs are $6,342.
The top PONCE lender as defined by loan originations is Banco Popular de Puerto Rico, with
57 loans originated. Their average total fees are
$6,425, which is $676
higher than the next largest lender,
FIRSTBANK PUERTO RICO.
The lowest fee PONCE lenders (with over 10 loans originated) are
FIRSTBANK PUERTO RICO ($5,749), Banco Popular de Puerto Rico ($6,425), THE MONEY HOUSE INC. ($6,570), .
The lowest rate PONCE lenders (with over 10 loans originated) are
FIRSTBANK PUERTO RICO (6.20%), THE MONEY HOUSE INC. (6.88%), Banco Popular de Puerto Rico (8.25%), .
PONCE, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Banco Popular de Puerto Rico | $13,065,000 | $15,830,000 | 21.2% | 24.0% |
| THE MONEY HOUSE INC. | $13,345,000 | $14,420,000 | 8.1% | 21.8% |
| FIRSTBANK PUERTO RICO | $7,005,000 | $6,725,000 | -4.0% | 10.2% |
| Oriental Bank | $8,210,000 | $4,445,000 | -45.9% | 6.7% |
| SUN WEST MORTGAGE COMPANY, INC. | $9,685,000 | $4,170,000 | -56.9% | 6.3% |
| RM ACTUAL MORTGAGE, INC. | $3,295,000 | $3,880,000 | 17.8% | 5.9% |
| FIRST EQUITY MORTGAGE BANKERS, INC. | $7,170,000 | $2,525,000 | -64.8% | 3.8% |
| METRO ISLAND MORTGAGE, INC. | $1,410,000 | $2,450,000 | 73.8% | 3.7% |
| PENTAGON FEDERAL CREDIT UNION | $1,285,000 | $1,800,000 | 40.1% | 2.7% |
| HR MORTGAGE CORP. | $90,000 | $1,520,000 | 1,588.9% | 2.3% |
| HOME MORTGAGE BANKERS CORP. | $1,425,000 | $1,200,000 | -15.8% | 1.8% |
| Cooperativa A/C de Arecibo | $490,000 | $1,040,000 | 112.2% | 1.6% |
| COOPERATIVA DE AHORRO Y CREDITO DE CABO ROJO | $930,000 | n/a | 1.4% | |
| VIG MORTGAGE CORPORATION | $695,000 | $745,000 | 7.2% | 1.1% |
| Rf Mortgage & Investment Corp | $215,000 | $510,000 | 137.2% | 0.8% |
| Senior Mortgage Bankers Inc | $675,000 | $500,000 | -25.9% | 0.8% |
| CARIBE FEDERAL CREDIT UNION | $65,000 | $430,000 | 561.5% | 0.7% |
| PREFERRED MORTGAGE CORPORATION | $440,000 | $400,000 | -9.1% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $315,000 | n/a | 0.5% | |
| Cooperativa A/C Oriental | $190,000 | $295,000 | 55.3% | 0.4% |
| Baxter Credit Union | $190,000 | $270,000 | 42.1% | 0.4% |
| COOPERATIVA DE AHORRO Y CREDITO DE CAMUY | $300,000 | $260,000 | -13.3% | 0.4% |
| TRUST MORTGAGE, CORP | $470,000 | $250,000 | -46.8% | 0.4% |
| PLANET HOME LENDING, LLC | $205,000 | $225,000 | 9.8% | 0.3% |
| COOPERATIVA DE AHORRO Y CREDITO DE ISABELA | $290,000 | $205,000 | -29.3% | 0.3% |
| Cooperativa de A/C de Maunabo | $125,000 | $185,000 | 48.0% | 0.3% |
| The Lending Center Corporation | $160,000 | n/a | 0.2% | |
| E.M.I. EQUITY MORTGAGE, INC. | $75,000 | $120,000 | 60.0% | 0.2% |
| COOPERATIVA DE AHORRO Y CREDITO DE LARES | $110,000 | $95,000 | -13.6% | 0.1% |
| Cooperativa De Ahorro Y Credito La Aiboniteña | $75,000 | n/a | 0.1% | |
| Capital Mortgage Services Corp. | $200,000 | $65,000 | -67.5% | 0.1% |
| MULTIPLES MORTGAGE CORPORATION | $95,000 | $25,000 | -73.7% | 0.0% |
PONCE's top lender by overall market share is Banco Popular de Puerto Rico, with 24.0% market share. In second place, with 21.8%, is THE MONEY HOUSE INC., having originated $14,420,000 in loans. In third place, with 10.2%, is FIRSTBANK PUERTO RICO, having originated $6,725,000 in loans. In fourth place, with 6.7%, is Oriental Bank, having originated $4,445,000 in loans. In fifth place, with 6.3%, is SUN WEST MORTGAGE COMPANY, INC., having originated $4,170,000 in loans.
PONCE, PR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 437 | $57,865,000 | $132,414 |
| Cash Out Refi | 41 | $4,345,000 | $105,976 |
| Refi | 16 | $2,030,000 | $126,875 |
| Other | 14 | $1,740,000 | $124,286 |
| Home Improvement | 1 | $85,000 | $85,000 |
Ponce's most frequently cited loan purpose was Home Purchase, with 437 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 264 | $33,350,000 | $126,326 |
| 5-6% | 103 | $14,645,000 | $142,184 |
| 7-8% | 56 | $6,890,000 | $123,036 |
| 4-5% | 47 | $7,475,000 | $159,043 |
| Over 8% | 32 | $2,070,000 | $64,688 |
| 3-4% | 4 | $560,000 | $140,000 |
During 2024, Ponce's most frequently originated rate bucket was 6-7%, with 264 originations.
Loan Sizing (PONCE, PR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 239 | $16,565,000 | $69,310 |
| $100k-200k | 208 | $28,280,000 | $135,962 |
| $200k-400k | 48 | $13,450,000 | $280,208 |
| $400k-600k | 10 | $4,770,000 | $477,000 |
| $600k-1000k | 4 | $3,000,000 | $750,000 |
PONCE's loan sizing saw the bucket of loans from $100,000 or less with 239 originations, totaling $16,565,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 208 | $38,310,000 | $184,183 |
| 60-80% | 199 | $21,315,000 | $107,111 |
| 40-60% | 80 | $4,980,000 | $62,250 |
| 20-40% | 17 | $865,000 | $50,882 |
| Over 100% | 2 | $380,000 | $190,000 |
| Under 20% | 1 | $55,000 | $55,000 |
PONCE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 208 originations, totaling $38,310,000 in origination value.