SAN GERMÁN Mortgage Rates

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

30 Year Fixed Rate mortgages in San GermÁn averaged 6.57% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 6.94% and one month ago for the week of 2022-05-19, the average rate was 6.41%.

San GermÁn's average rate one year ago was 4.28%.

For refis of the same type during the week of 2022-06-23, the average rate was 6.15%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
San GermÁn 30 Year Fixed Rate 2022-06-23 6.57%
San GermÁn 30 Year Fixed Rate Refi 2022-06-23 6.15%
San GermÁn 15 Year Fixed Rate 2022-06-23 6.35%
San GermÁn 15 Year Fixed Rate Refi 2022-06-23 4.93%
San GermÁn 30 Year FHA 2022-06-23 -0.24%
San GermÁn 30 Year FHA Refi 2022-06-23 -0.06%
San GermÁn 30 Year USDA 2022-06-23 -0.13%
San GermÁn 30 Year USDA Refi 2022-06-23 -0.36%
San GermÁn 30 Year VA 2022-06-23 0.23%
San GermÁn 30 Year VA Refi 2022-06-23 -0.04%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Banco Popular de Puerto Rico 69 3.71% $4,507
Cooperativa de Ahorro y Credito de Rincon 30 5.83% $3,938
Oriental Bank 21 3.28% $4,748
FIRSTBANK PUERTO RICO 18 3.60% $4,891
Capital Mortgage Services Corp. 14 5.15% $6,933
COOPERATIVA DE AHORRO Y CREDITO DE CABO ROJO 12 4.27% $11,881
FIRST EQUITY MORTGAGE BANKERS, INC. 9 3.65% $7,269
PENTAGON FEDERAL CREDIT UNION 8 2.77% $5,176
SAN RAFAEL COOP 6 4.88% $4,622
Rf Mortgage & Investment Corp 6 4.10% $4,927
SUN WEST MORTGAGE COMPANY, INC. 5 3.40% $6,974
THE MONEY HOUSE INC. 5 3.95% $5,487
TRUST MORTGAGE, CORP 4 3.81% $5,057
Baxter Credit Union 4 3.13% $4,147
PREFERRED MORTGAGE CORPORATION 3 5.21% $4,666
CARIBE FEDERAL CREDIT UNION 2 4.06% $6,618
COOPERATIVA DE AHORRO Y CREDITO DE ISABELA 2 4.44% $6,504
Cooperativa Ahorro y Credito Aguadilla 2 5.50% $17,299
CALCON MUTUAL MORTGAGE LLC 2 2.88% $5,490
Senior Mortgage Bankers Inc 1 5.00% $5,984
COOPERATIVA DE AHORRO Y CREDITO DE AGUADA 1 4.25% $2,838
COOPERATIVA DE AHORRO Y CREDITO DE SANTA ISABEL (CACSI) 1 4.75% $4,710
COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC. 1 4.00% $3,176
The Lending Center Corporation 1 3.63% $6,548

SAN GERMÁN, PR's 24 lenders originated 752 loans during 2021. The total origination value was $96,650,000, with an average loan value of $128,524.

The top SAN GERMÁN lender as defined by loan originations is Banco Popular de Puerto Rico, with 69 loans originated. Their average total fees are $4,507, which is $569 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 ($3,938), Banco Popular de Puerto Rico ($4,507), Oriental Bank ($4,748), FIRSTBANK PUERTO RICO ($4,891) and Capital Mortgage Services Corp. ($6,933).

The lowest rate SAN GERMÁN lenders (with over 10 loans originated) are Oriental Bank (3.28%), FIRSTBANK PUERTO RICO (3.60%), Banco Popular de Puerto Rico (3.71%), COOPERATIVA DE AHORRO Y CREDITO DE CABO ROJO (4.27%) and Capital Mortgage Services Corp. (5.15%).

SAN GERMÁN, 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 $21,380,000 $27,925,000 30.6% 28.9%
Oriental Bank $5,875,000 $10,470,000 78.2% 10.8%
FIRSTBANK PUERTO RICO $6,220,000 $9,215,000 48.2% 9.5%
SUN WEST MORTGAGE COMPANY, INC. $3,600,000 $7,465,000 107.4% 7.7%
Cooperativa de Ahorro y Credito de Rincon $2,445,000 $6,345,000 159.5% 6.6%
THE MONEY HOUSE INC. $4,285,000 $5,610,000 30.9% 5.8%
Capital Mortgage Services Corp. $1,795,000 $5,080,000 183.0% 5.3%
FIRST EQUITY MORTGAGE BANKERS, INC. $905,000 $3,350,000 270.2% 3.5%
COOPERATIVA DE AHORRO Y CREDITO DE CABO ROJO $755,000 $3,160,000 318.5% 3.3%
PENTAGON FEDERAL CREDIT UNION $1,280,000 $2,585,000 102.0% 2.7%
KeyBank $1,855,000 n/a 1.9%
TRUST MORTGAGE, CORP $375,000 $1,755,000 368.0% 1.8%
PREFERRED MORTGAGE CORPORATION $1,420,000 $1,195,000 -15.8% 1.2%
E.M.I. EQUITY MORTGAGE, INC. $1,470,000 $1,065,000 -27.6% 1.1%
Equity Prime Mortgage LLC $775,000 n/a 0.8%
METRO ISLAND MORTGAGE, INC. $1,525,000 $775,000 -49.2% 0.8%
Baxter Credit Union $220,000 $670,000 204.5% 0.7%
CALCON MUTUAL MORTGAGE LLC $645,000 n/a 0.7%
Cooperativa de A/C de Maunabo $630,000 n/a 0.7%
Cooperativa Ahorro y Credito Aguadilla $115,000 $575,000 400.0% 0.6%
Rf Mortgage & Investment Corp $550,000 n/a 0.6%
SAN RAFAEL COOP $160,000 $515,000 221.9% 0.5%
HR MORTGAGE CORP. $410,000 $505,000 23.2% 0.5%
COOPERATIVA DE AHORRO Y CREDITO DE CAMUY $345,000 $465,000 34.8% 0.5%
COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA $345,000 n/a 0.4%
CARIBE FEDERAL CREDIT UNION $95,000 $340,000 257.9% 0.4%
The Lending Center Corporation $290,000 $300,000 3.4% 0.3%
LATIN AMERICAN FINANCIAL CORPORATION $270,000 n/a 0.3%
Cooperativa de Ahoro y Crédito Bo. Quebrada de Camuy, P.R. $240,000 n/a 0.2%
COOPERATIVA DE AHORRO Y CREDITO DE ISABELA $210,000 $240,000 14.3% 0.2%
Senior Mortgage Bankers Inc $210,000 $200,000 -4.8% 0.2%
COOPERATIVA DE AHORRO Y CREDITO DE AGUADA $180,000 n/a 0.2%
HOME MORTGAGE BANKERS CORP. $770,000 $180,000 -76.6% 0.2%
RM ACTUAL MORTGAGE, INC. $240,000 $170,000 -29.2% 0.2%
VIG MORTGAGE CORPORATION $685,000 $165,000 -75.9% 0.2%
Cooperativa De Ahorro Y Credito La Aiboniteña $155,000 n/a 0.2%
COOPERATIVA DE AHORRO Y CREDITO CAGUAS $125,000 n/a 0.1%
COOPERATIVA DE AHORRO Y CREDITO DE SANTA ISABEL (CACSI) $65,000 $125,000 92.3% 0.1%
LENDUS, LLC $115,000 n/a 0.1%
COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC. $105,000 n/a 0.1%
COOPERATIVA DE AHORRO Y CREDITO DE LARES $85,000 n/a 0.1%
COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS $75,000 n/a 0.1%
Cooperativa De Credito Y Ahorro San Jose $55,000 n/a 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 10.8%, is Oriental Bank, having originated $10,470,000 in loans. In third place, with 9.5%, is FIRSTBANK PUERTO RICO, having originated $9,215,000 in loans. In third place, with 7.7%, is SUN WEST MORTGAGE COMPANY, INC., having originated $7,465,000 in loans. In third place, with 6.6%, is Cooperativa de Ahorro y Credito de Rincon, having originated $6,345,000 in loans.


SAN GERMÁN, PR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 550 $69,370,000 $126,127
Refi 97 $14,255,000 $146,959
Cash Out Refi 96 $12,120,000 $126,250
Other 8 $800,000 $100,000
Home Improvement 1 $105,000 $105,000

San GermÁn's most frequently cited loan purpose was Home Purchase, with 550 originations. The 2nd most popular reason was Refi, with 97 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 213 $27,555,000 $129,366
2.5-3% 211 $27,105,000 $128,460
<2.5% 171 $23,915,000 $139,854
4-5% 97 $11,455,000 $118,093
5-6% 31 $3,515,000 $113,387
6-7% 16 $1,650,000 $103,125
7-8% 11 $1,215,000 $110,455

During 2021, San GermÁn's most frequently originated rate bucket was 3-4%, with 213 originations.

Loan Sizing (SAN GERMÁN, PR MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 413 $56,115,000 $135,872
$100,000 or less 274 $21,000,000 $76,642
$200k-400k 59 $15,015,000 $254,492
$400k-600k 4 $2,060,000 $515,000
$600k-1000k 1 $605,000 $605,000
$Over $1MM 1 $1,855,000 $1,855,000

SAN GERMÁN's loan sizing saw the bucket of loans from $100k-200k with 413 originations, totaling $56,115,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 463 $62,835,000 $135,713
60-80% 228 $27,100,000 $118,860
40-60% 36 $4,120,000 $114,444
Over 100% 9 $1,115,000 $123,889
20-40% 8 $480,000 $60,000

SAN GERMÁN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 463 originations, totaling $62,835,000 in origination value.