SAN GERMÁN Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in San GermÁn averaged 7.21% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 7.2% and one month ago for the week of 2023-08-17, the average rate was 7.11%.

San GermÁn's average rate one year ago was 6.24%.

For refis of the same type during the week of 2023-09-21, the average rate was 7.39%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
San GermÁn 30 Year Fixed Rate 2023-09-21 7.21%
San GermÁn 30 Year Fixed Rate Refi 2023-09-21 7.39%
San GermÁn 15 Year Fixed Rate 2023-09-21 6.64%
San GermÁn 15 Year Fixed Rate Refi 2023-09-21 6.44%
San GermÁn 30 Year FHA 2023-09-21 6.34%
San GermÁn 30 Year FHA Refi 2023-09-21 7.04%
San GermÁn 30 Year USDA 2023-09-21 6.1%
San GermÁn 30 Year USDA Refi 2023-09-21 6.92%
San GermÁn 30 Year VA 2023-09-21 6.62%
San GermÁn 30 Year VA Refi 2023-09-21 6.72%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SAN GERMÁN, PR.

SAN GERMÁN 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 SAN GERMÁN, 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
Banco Popular de Puerto Rico 60 5.43% $5,809
Cooperativa de Ahorro y Credito de Rincon 42 5.79% $4,020
FIRSTBANK PUERTO RICO 15 5.58% $4,692
Oriental Bank 14 4.71% $4,712
FIRST EQUITY MORTGAGE BANKERS, INC. 10 5.53% $8,007
SAN RAFAEL COOP 8 4.88% $5,580
SUN WEST MORTGAGE COMPANY, INC. 8 4.89% $5,213
Capital Mortgage Services Corp. 8 6.14% $7,537
Rf Mortgage & Investment Corp 3 5.71% $15,220
PENTAGON FEDERAL CREDIT UNION 3 4.63% $6,845
Baxter Credit Union 3 4.67% $4,596
MULTIPLES MORTGAGE CORPORATION 3 5.67% $8,559
Equity Prime Mortgage LLC 2 4.19% $5,530
COOPERATIVA DE AHORRO Y CREDITO DE CAMUY 2 4.45% $5,099
PREFERRED MORTGAGE CORPORATION 2 5.00% $6,263
A&D Mortgage LLC 2 7.31% $8,211
TRUST MORTGAGE, CORP 1 3.75% $11,176
CALCON MUTUAL MORTGAGE LLC 1 6.38% $7,069
Cooperativa A/C de Arecibo 1 5.50% $6,779
Cooperativa A/C Oriental 1 7.75% $7,965
Cooperativa de A/C de Maunabo 1 4.50% $4,319
COOPERATIVA DE AHORRO Y CREDITO DE ISABELA 1 7.15% $4,185
COOPERATIVA DE AHORRO Y CREDITO DE LARES 1 5.64% $4,115
COOPERATIVA DE AHORRO Y CREDITO DR. MANUEL ZENO GANDIA 1 5.25% $6,412
Cooperativa De Ahorro Y Credito La Aiboniteña 1 4.75% $6,095
Cooperativa De Credito Y Ahorro San Jose 1 5.95% $9,370
CROSSCOUNTRY MORTGAGE, LLC 1 7.50% $7,969
Senior Mortgage Bankers Inc 1 7.00% $6,148

SAN GERMÁN Average Closing Costs & Other Stats

SAN GERMÁN, PR's 28 lenders originated 498 loans during 2022. The total origination value was $65,910,000, with an average loan value of $132,349.

SAN GERMÁN's average closing costs are $5,584.

The top SAN GERMÁN lender as defined by loan originations is Banco Popular de Puerto Rico, with 60 loans originated. Their average total fees are $5,809, which is $1,789 higher than the next largest lender, Cooperativa de Ahorro y Credito de Rincon.

The lowest fee SAN GERMÁN lenders (with over 10 loans originated) are Cooperativa de Ahorro y Credito de Rincon ($4,020), FIRSTBANK PUERTO RICO ($4,692), Oriental Bank ($4,712), Banco Popular de Puerto Rico ($5,809) and FIRST EQUITY MORTGAGE BANKERS, INC. ($8,007).

The lowest rate SAN GERMÁN lenders (with over 10 loans originated) are Oriental Bank (4.71%), Banco Popular de Puerto Rico (5.43%), FIRST EQUITY MORTGAGE BANKERS, INC. (5.53%), FIRSTBANK PUERTO RICO (5.58%) and Cooperativa de Ahorro y Credito de Rincon (5.79%).

SAN GERMÁN, 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 $27,925,000 $19,065,000 -31.7% 28.9%
FIRSTBANK PUERTO RICO $9,215,000 $7,640,000 -17.1% 11.6%
Oriental Bank $10,470,000 $6,375,000 -39.1% 9.7%
Cooperativa de Ahorro y Credito de Rincon $6,345,000 $5,695,000 -10.2% 8.6%
SUN WEST MORTGAGE COMPANY, INC. $7,465,000 $3,735,000 -50.0% 5.7%
THE MONEY HOUSE INC. $5,610,000 $3,465,000 -38.2% 5.3%
FIRST EQUITY MORTGAGE BANKERS, INC. $3,350,000 $2,805,000 -16.3% 4.3%
PREFERRED MORTGAGE CORPORATION $1,195,000 $2,225,000 86.2% 3.4%
Capital Mortgage Services Corp. $5,080,000 $2,120,000 -58.3% 3.2%
PENTAGON FEDERAL CREDIT UNION $2,585,000 $1,710,000 -33.8% 2.6%
Rf Mortgage & Investment Corp $550,000 $1,080,000 96.4% 1.6%
SAN RAFAEL COOP $515,000 $915,000 77.7% 1.4%
Equity Prime Mortgage LLC $775,000 $835,000 7.7% 1.3%
METRO ISLAND MORTGAGE, INC. $775,000 $810,000 4.5% 1.2%
TRUST MORTGAGE, CORP $1,755,000 $780,000 -55.6% 1.2%
Baxter Credit Union $670,000 $635,000 -5.2% 1.0%
Senior Mortgage Bankers Inc $200,000 $600,000 200.0% 0.9%
MULTIPLES MORTGAGE CORPORATION $535,000 n/a 0.8%
CALCON MUTUAL MORTGAGE LLC $645,000 $530,000 -17.8% 0.8%
HOME MORTGAGE BANKERS CORP. $180,000 $415,000 130.6% 0.6%
COOPERATIVA DE AHORRO Y CREDITO DE SANTA ISABEL (CACSI) $125,000 $405,000 224.0% 0.6%
E.M.I. EQUITY MORTGAGE, INC. $1,065,000 $395,000 -62.9% 0.6%
COOPERATIVA DE AHORRO Y CREDITO DE CAMUY $465,000 $345,000 -25.8% 0.5%
Cooperativa de Ahoro y Crédito Bo. Quebrada de Camuy, P.R. $240,000 $290,000 20.8% 0.4%
COOPERATIVA DE AHORRO Y CREDITO DE ISABELA $240,000 $290,000 20.8% 0.4%
VIG MORTGAGE CORPORATION $165,000 $265,000 60.6% 0.4%
A&D Mortgage LLC $260,000 n/a 0.4%
Cooperativa De Credito Y Ahorro San Jose $55,000 $245,000 345.5% 0.4%
HR MORTGAGE CORP. $505,000 $180,000 -64.4% 0.3%
RM ACTUAL MORTGAGE, INC. $170,000 $180,000 5.9% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $145,000 n/a 0.2%
Cooperativa A/C Oriental $125,000 n/a 0.2%
Cooperativa A/C de Arecibo $120,000 n/a 0.2%
COOPERATIVA DE AHORRO Y CREDITO DR. MANUEL ZENO GANDIA $115,000 n/a 0.2%
CARIBE FEDERAL CREDIT UNION $340,000 $105,000 -69.1% 0.2%
Cooperativa de A/C de Maunabo $630,000 $105,000 -83.3% 0.2%
Cooperativa De Ahorro Y Credito La Aiboniteña $155,000 $105,000 -32.3% 0.2%
COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA $345,000 $85,000 -75.4% 0.1%
COOPERATIVA DE AHORRO Y CREDITO DE LARES $85,000 $75,000 -11.8% 0.1%

SAN GERMÁN's top lender by overall market share is Banco Popular de Puerto Rico, with 28.9% market share. In second place, with 11.6%, is FIRSTBANK PUERTO RICO, having originated $7,640,000 in loans. In third place, with 9.7%, is Oriental Bank, having originated $6,375,000 in loans. In fourth place, with 8.6%, is Cooperativa de Ahorro y Credito de Rincon, having originated $5,695,000 in loans. In fifth place, with 5.7%, is SUN WEST MORTGAGE COMPANY, INC., having originated $3,735,000 in loans.

SAN GERMÁN, PR Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
00606 San German, PR $370 $390 $440 $590 $650
00622 San German, PR $390 $420 $480 $640 $760
00623 San German, PR $380 $390 $450 $580 $770
00637 San German, PR $380 $400 $460 $620 $730
00647 San German, PR $370 $390 $440 $600 $670
00667 San German, PR $350 $380 $430 $580 $680
00680 San German, PR $390 $390 $450 $560 $770
00683 San German, PR $380 $390 $450 $580 $770
00698 San German, PR $360 $370 $420 $570 $650

2022 Average & Median Rent Data Statistics
SAN GERMÁN, PR average 1BR rent: $391, median: $390
SAN GERMÁN, PR average 2BR rent: $447, median: $450
SAN GERMÁN, PR average 3BR rent: $591, median: $580

SAN GERMÁN, PR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 433 $58,175,000 $134,353
Cash Out Refi 43 $5,615,000 $130,581
Refi 19 $1,885,000 $99,211
Other 2 $130,000 $65,000
Home Improvement 1 $105,000 $105,000

San GermÁn's most frequently cited loan purpose was Home Purchase, with 433 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 144 $21,020,000 $145,972
4-5% 139 $17,845,000 $128,381
3-4% 89 $11,575,000 $130,056
6-7% 71 $8,485,000 $119,507
2.5-3% 24 $3,510,000 $146,250
7-8% 19 $1,975,000 $103,947
<2.5% 7 $845,000 $120,714
Over 8% 2 $200,000 $100,000

During 2022, San GermÁn's most frequently originated rate bucket was 5-6%, with 144 originations.

Loan Sizing (SAN GERMÁN, PR MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 292 $40,340,000 $138,151
$100,000 or less 157 $11,625,000 $74,045
$200k-400k 44 $11,290,000 $256,591
$400k-600k 3 $1,365,000 $455,000
$600k-1000k 2 $1,290,000 $645,000

SAN GERMÁN's loan sizing saw the bucket of loans from $100k-200k with 292 originations, totaling $40,340,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 297 $42,525,000 $143,182
60-80% 157 $18,285,000 $116,465
40-60% 26 $1,930,000 $74,231
Over 100% 9 $2,325,000 $258,333
20-40% 6 $390,000 $65,000

SAN GERMÁN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 297 originations, totaling $42,525,000 in origination value.