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 6.81% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.65% and one month ago for the week of 2024-03-07, the average rate was 6.81%.

San GermÁn's average rate one year ago was 6.31%.

For refis of the same type during the week of 2024-04-11, the average rate was 7.18%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
San GermÁn 30 Year Fixed Rate 2024-04-11 6.81%
San GermÁn 30 Year Fixed Rate Refi 2024-04-11 7.18%
San GermÁn 15 Year Fixed Rate 2024-04-11 6.36%
San GermÁn 15 Year Fixed Rate Refi 2024-04-11 6.36%
San GermÁn 30 Year FHA 2024-04-11 6.38%
San GermÁn 30 Year FHA Refi 2024-04-11 6.94%
San GermÁn 30 Year USDA 2024-04-11 6.81%
San GermÁn 30 Year USDA Refi 2024-04-11 6.71%
San GermÁn 30 Year VA 2024-04-11 6.77%
San GermÁn 30 Year VA Refi 2024-04-11 6.37%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Banco Popular de Puerto Rico 55 7.10% $5,598
Cooperativa de Ahorro y Credito de Rincon 48 5.84% $4,787
FIRSTBANK PUERTO RICO 20 6.10% $5,598
Oriental Bank 14 6.69% $6,114
SAN RAFAEL COOP 6 6.05% $6,291
FIRST EQUITY MORTGAGE BANKERS, INC. 5 7.38% $5,667
SUN WEST MORTGAGE COMPANY, INC. 4 7.19% $9,925
Baxter Credit Union 4 6.47% $5,167
CROSSCOUNTRY MORTGAGE, LLC 3 7.33% $8,583
PENTAGON FEDERAL CREDIT UNION 3 6.13% $10,669
THE MONEY HOUSE INC. 3 7.13% $5,691
TRUST MORTGAGE, CORP 2 7.63% $6,963
PREFERRED MORTGAGE CORPORATION 2 7.94% $8,634
Rf Mortgage & Investment Corp 2 7.50% $9,037
Equity Prime Mortgage LLC 1 7.38% $10,761
Cooperativa A/C Oriental 1 6.75% $7,554
Capital Mortgage Services Corp. 1 7.25% $5,219
RM ACTUAL MORTGAGE, INC. 1 8.25% $12,334
COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA 1 6.75% $5,752
Senior Mortgage Bankers Inc 1 7.75% $15,468
COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS 1 6.00% $6,041
MULTIPLES MORTGAGE CORPORATION 1 7.00% $15,458
METRO ISLAND MORTGAGE, INC. 1 8.00% $19,515

SAN GERMÁN Average Closing Costs & Other Stats

SAN GERMÁN, PR's 23 lenders originated 410 loans during 2023. The total origination value was $58,220,000, with an average loan value of $142,000.

SAN GERMÁN's average closing costs are $5,852.

The top SAN GERMÁN lender as defined by loan originations is Banco Popular de Puerto Rico, with 55 loans originated. Their average total fees are $5,598, which is $811 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 ($4,787), Banco Popular de Puerto Rico ($5,598), FIRSTBANK PUERTO RICO ($5,598), Oriental Bank ($6,114) and .

The lowest rate SAN GERMÁN lenders (with over 10 loans originated) are Cooperativa de Ahorro y Credito de Rincon (5.84%), FIRSTBANK PUERTO RICO (6.10%), Oriental Bank (6.69%), Banco Popular de Puerto Rico (7.10%) and .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Banco Popular de Puerto Rico $19,065,000 $19,635,000 3.0% 33.7%
Cooperativa de Ahorro y Credito de Rincon $5,695,000 $6,395,000 12.3% 11.0%
THE MONEY HOUSE INC. $3,465,000 $5,805,000 67.5% 10.0%
FIRSTBANK PUERTO RICO $7,640,000 $5,490,000 -28.1% 9.4%
Oriental Bank $6,375,000 $5,260,000 -17.5% 9.0%
PENTAGON FEDERAL CREDIT UNION $1,710,000 $2,580,000 50.9% 4.4%
SUN WEST MORTGAGE COMPANY, INC. $3,735,000 $2,335,000 -37.5% 4.0%
METRO ISLAND MORTGAGE, INC. $810,000 $1,485,000 83.3% 2.6%
FIRST EQUITY MORTGAGE BANKERS, INC. $2,805,000 $1,110,000 -60.4% 1.9%
CROSSCOUNTRY MORTGAGE, LLC $145,000 $995,000 586.2% 1.7%
E.M.I. EQUITY MORTGAGE, INC. $395,000 $740,000 87.3% 1.3%
PREFERRED MORTGAGE CORPORATION $2,225,000 $715,000 -67.9% 1.2%
SAN RAFAEL COOP $915,000 $680,000 -25.7% 1.2%
Equity Prime Mortgage LLC $835,000 $670,000 -19.8% 1.2%
Capital Mortgage Services Corp. $2,120,000 $635,000 -70.0% 1.1%
Baxter Credit Union $635,000 $610,000 -3.9% 1.0%
TRUST MORTGAGE, CORP $780,000 $470,000 -39.7% 0.8%
Rf Mortgage & Investment Corp $1,080,000 $445,000 -58.8% 0.8%
MULTIPLES MORTGAGE CORPORATION $535,000 $290,000 -45.8% 0.5%
RM ACTUAL MORTGAGE, INC. $180,000 $270,000 50.0% 0.5%
COOPERATIVA DE AHORRO Y CREDITO DEL VALENCIANO $205,000 n/a 0.4%
Senior Mortgage Bankers Inc $600,000 $195,000 -67.5% 0.3%
Cooperativa A/C Oriental $125,000 $165,000 32.0% 0.3%
COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC. $145,000 n/a 0.2%
Cooperativa de Ahoro y Crédito Bo. Quebrada de Camuy, P.R. $290,000 $125,000 -56.9% 0.2%
COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS $115,000 n/a 0.2%
COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA $85,000 $105,000 23.5% 0.2%
VIG MORTGAGE CORPORATION $265,000 $100,000 -62.3% 0.2%
COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA $75,000 n/a 0.1%
HOME MORTGAGE BANKERS CORP. $415,000 $55,000 -86.7% 0.1%

SAN GERMÁN's top lender by overall market share is Banco Popular de Puerto Rico, with 33.7% market share. In second place, with 11.0%, is Cooperativa de Ahorro y Credito de Rincon, having originated $6,395,000 in loans. In third place, with 10.0%, is THE MONEY HOUSE INC., having originated $5,805,000 in loans. In fourth place, with 9.4%, is FIRSTBANK PUERTO RICO, having originated $5,490,000 in loans. In fifth place, with 9.0%, is Oriental Bank, having originated $5,260,000 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
606 San German, PR MSA $380 $400 $460 $600 $650
622 San German, PR MSA $380 $420 $470 $620 $700
623 San German, PR MSA $380 $420 $470 $620 $740
637 San German, PR MSA $400 $430 $490 $640 $730
647 San German, PR MSA $400 $420 $480 $640 $680
667 San German, PR MSA $380 $420 $470 $620 $700
680 San German, PR MSA $420 $430 $490 $600 $750
683 San German, PR MSA $380 $410 $460 $600 $740
698 San German, PR MSA $400 $410 $460 $620 $630

2022 Average & Median Rent Data Statistics
SAN GERMÁN, PR average 1BR rent: $418, median: $420
SAN GERMÁN, PR average 2BR rent: $472, median: $470
SAN GERMÁN, PR average 3BR rent: $618, median: $620

SAN GERMÁN, PR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 376 $53,430,000 $142,101
Cash Out Refi 23 $3,525,000 $153,261
Other 5 $515,000 $103,000
Refi 5 $675,000 $135,000
Home Improvement 1 $75,000 $75,000

San GermÁn's most frequently cited loan purpose was Home Purchase, with 376 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 155 $22,265,000 $143,645
5-6% 122 $17,290,000 $141,721
7-8% 65 $8,215,000 $126,385
4-5% 34 $6,100,000 $179,412
3-4% 19 $2,965,000 $156,053
Over 8% 14 $1,260,000 $90,000

During 2023, San GermÁn's most frequently originated rate bucket was 6-7%, with 155 originations.

Loan Sizing (SAN GERMÁN, PR MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 216 $30,880,000 $142,963
$100,000 or less 136 $10,050,000 $73,897
$200k-400k 51 $13,655,000 $267,745
$400k-600k 5 $2,305,000 $461,000
$600k-1000k 2 $1,330,000 $665,000

SAN GERMÁN's loan sizing saw the bucket of loans from $100k-200k with 216 originations, totaling $30,880,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 193 $32,335,000 $167,539
60-80% 154 $18,330,000 $119,026
40-60% 40 $3,160,000 $79,000
Over 100% 17 $4,025,000 $236,765
20-40% 3 $195,000 $65,000
Under 20% 2 $50,000 $25,000

SAN GERMÁN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 193 originations, totaling $32,335,000 in origination value.