SAN JUAN - BAYAMÓN - CAGUAS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in San Juan - BayamÓn - Caguas averaged
6.67%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.69% and
one month ago for the week of 2023-04-20, the
average rate was 6.79%.
San Juan - BayamÓn - Caguas's average rate one year ago was 5.35%.
For refis of the same type during the week of 2023-05-25, the average rate
was 6.38%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| San Juan - BayamÓn - Caguas 30 Year Fixed Rate | 2023-05-25 | 6.67% |
| San Juan - BayamÓn - Caguas 30 Year Fixed Rate Refi | 2023-05-25 | 6.38% |
| San Juan - BayamÓn - Caguas 15 Year Fixed Rate | 2023-05-25 | 6.42% |
| San Juan - BayamÓn - Caguas 15 Year Fixed Rate Refi | 2023-05-25 | 5.12% |
| San Juan - BayamÓn - Caguas 30 Year FHA | 2023-05-25 | 6.28% |
| San Juan - BayamÓn - Caguas 30 Year FHA Refi | 2023-05-25 | 5.42% |
| San Juan - BayamÓn - Caguas 30 Year USDA | 2023-05-25 | 6.44% |
| San Juan - BayamÓn - Caguas 30 Year USDA Refi | 2023-05-25 | 6.73% |
| San Juan - BayamÓn - Caguas 30 Year VA | 2023-05-25 | 6% |
| San Juan - BayamÓn - Caguas 30 Year VA Refi | 2023-05-25 | 6.41% |
SAN JUAN - BAYAMÓN - CAGUAS 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 JUAN-BAYAMÓN-CAGUAS, 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.).
SAN JUAN - BAYAMÓN - CAGUAS Average Closing Costs & Other Stats
SAN JUAN-BAYAMÓN-CAGUAS, PR's 45 lenders originated 11,764
loans during 2022. The total origination value was $2,069,550,000, with an average loan value of
$175,922.
SAN JUAN - BAYAMÓN - CAGUAS's average closing costs are $7,207.
The top SAN JUAN - BAYAMÓN - CAGUAS lender as defined by loan originations is Banco Popular de Puerto Rico, with
923 loans originated. Their average total fees are
$8,030, which is $1,439
higher than the next largest lender,
FIRSTBANK PUERTO RICO.
The lowest fee SAN JUAN - BAYAMÓN - CAGUAS lenders (with over 10 loans originated) are
Cooperativa de Ahorro y Credito Jesus Obrero ($4,453), COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS ($4,468), Cooperativa de Ahorro y Credito Aguas Buenas ($5,389), Cooperativa De Credito Y Ahorro San Jose ($5,583) and COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS ($5,937).
The lowest rate SAN JUAN - BAYAMÓN - CAGUAS lenders (with over 10 loans originated) are
Cooperativa A/C de Arecibo (4.22%), PENTAGON FEDERAL CREDIT UNION (4.40%), COOPERATIVA DE CREDITO LA SAGRADA FAMILIA (4.52%), Equity Prime Mortgage LLC (4.73%) and COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS (4.89%).
SAN JUAN-BAYAMÓN-CAGUAS, 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 | $723,910,000 | $431,200,000 | -40.4% | 20.8% |
| FIRSTBANK PUERTO RICO | $409,210,000 | $290,945,000 | -28.9% | 14.1% |
| Oriental Bank | $273,650,000 | $151,315,000 | -44.7% | 7.3% |
| FIRST EQUITY MORTGAGE BANKERS, INC. | $176,410,000 | $146,510,000 | -16.9% | 7.1% |
| THE MONEY HOUSE INC. | $147,150,000 | $98,990,000 | -32.7% | 4.8% |
| PENTAGON FEDERAL CREDIT UNION | $78,335,000 | $85,405,000 | 9.0% | 4.1% |
| METRO ISLAND MORTGAGE, INC. | $104,075,000 | $83,450,000 | -19.8% | 4.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $118,400,000 | $66,730,000 | -43.6% | 3.2% |
| HOME MORTGAGE BANKERS CORP. | $38,655,000 | $64,725,000 | 67.4% | 3.1% |
| PREFERRED MORTGAGE CORPORATION | $109,055,000 | $63,845,000 | -41.5% | 3.1% |
| CALCON MUTUAL MORTGAGE LLC | $23,940,000 | $62,615,000 | 161.5% | 3.0% |
| HR MORTGAGE CORP. | $73,100,000 | $62,550,000 | -14.4% | 3.0% |
| Capital Mortgage Services Corp. | $77,600,000 | $58,945,000 | -24.0% | 2.8% |
| Rf Mortgage & Investment Corp | $68,150,000 | $55,070,000 | -19.2% | 2.7% |
| TRUST MORTGAGE, CORP | $71,905,000 | $50,335,000 | -30.0% | 2.4% |
| VIG MORTGAGE CORPORATION | $26,065,000 | $32,670,000 | 25.3% | 1.6% |
| E.M.I. EQUITY MORTGAGE, INC. | $49,115,000 | $25,960,000 | -47.1% | 1.3% |
| MULTIPLES MORTGAGE CORPORATION | $14,555,000 | $23,220,000 | 59.5% | 1.1% |
| RM ACTUAL MORTGAGE, INC. | $28,310,000 | $21,425,000 | -24.3% | 1.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $21,095,000 | n/a | 1.0% | |
| Senior Mortgage Bankers Inc | $22,650,000 | $19,735,000 | -12.9% | 1.0% |
| COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA | $23,930,000 | $17,365,000 | -27.4% | 0.8% |
| Cooperativa A/C de Arecibo | $13,640,000 | $13,720,000 | 0.6% | 0.7% |
| COOPERATIVA DE CREDITO LA SAGRADA FAMILIA | $7,185,000 | $12,575,000 | 75.0% | 0.6% |
| COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA | $11,315,000 | $12,325,000 | 8.9% | 0.6% |
| A&D Mortgage LLC | $11,960,000 | n/a | 0.6% | |
| Equity Prime Mortgage LLC | $5,945,000 | $10,295,000 | 73.2% | 0.5% |
| LATIN AMERICAN FINANCIAL CORPORATION | $14,205,000 | $8,850,000 | -37.7% | 0.4% |
| Cooperativa A/C Oriental | $8,500,000 | n/a | 0.4% | |
| COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC. | $4,385,000 | $6,345,000 | 44.7% | 0.3% |
| CARIBE FEDERAL CREDIT UNION | $8,845,000 | $5,860,000 | -33.7% | 0.3% |
| Cooperativa De Credito Y Ahorro San Jose | $3,480,000 | $4,905,000 | 40.9% | 0.2% |
| Cooperativa de Ahorro y Credito Jesus Obrero | $4,235,000 | $4,300,000 | 1.5% | 0.2% |
| COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS | $5,960,000 | $4,085,000 | -31.5% | 0.2% |
| The Lending Center Corporation | $10,395,000 | $3,590,000 | -65.5% | 0.2% |
| COOPERATIVA DE AHORRO Y CREDITO DR. MANUEL ZENO GANDIA | $2,130,000 | $3,455,000 | 62.2% | 0.2% |
| COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS | $3,205,000 | $3,050,000 | -4.8% | 0.1% |
| Cooperativa de Ahorro y Credito de Rincon | $1,245,000 | $2,550,000 | 104.8% | 0.1% |
| COOPERATIVA DE AHORRO Y CREDITO DE CAMUY | $3,635,000 | $2,515,000 | -30.8% | 0.1% |
| Baxter Credit Union | $2,145,000 | $2,510,000 | 17.0% | 0.1% |
| COOPERATIVA DE AHORRO Y CREDITO CAGUAS | $1,950,000 | $2,015,000 | 3.3% | 0.1% |
| Cooperativa De Ahorro Y Credito La Aiboniteña | $1,490,000 | $1,575,000 | 5.7% | 0.1% |
| Cooperativa de Ahorro y Credito Aguas Buenas | $920,000 | $1,480,000 | 60.9% | 0.1% |
| PLANET HOME LENDING, LLC | $225,000 | $1,245,000 | 453.3% | 0.1% |
| COOPERATIVA DE AHORRO Y CREDITO DEL VALENCIANO | $1,585,000 | $915,000 | -42.3% | 0.0% |
| Cooperativa de A/C de Maunabo | $1,255,000 | $805,000 | -35.9% | 0.0% |
| EVERETT FINANCIAL, INC. | $805,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $305,000 | $710,000 | 132.8% | 0.0% |
| Cooperativa de Ahoro y Crédito Bo. Quebrada de Camuy, P.R. | $65,000 | $675,000 | 938.5% | 0.0% |
| COOPERATIVA DE AHORRO Y CREDITO DE ISABELA | $310,000 | $580,000 | 87.1% | 0.0% |
| SAN RAFAEL COOP | $350,000 | $335,000 | -4.3% | 0.0% |
| COOPERATIVA DE AHORRO Y CREDITO DE LARES | $195,000 | $330,000 | 69.2% | 0.0% |
SAN JUAN - BAYAMÓN - CAGUAS's top lender by overall market share is Banco Popular de Puerto Rico, with 20.8% market share. In second place, with 14.1%, is FIRSTBANK PUERTO RICO, having originated $290,945,000 in loans. In third place, with 7.3%, is Oriental Bank, having originated $151,315,000 in loans. In fourth place, with 7.1%, is FIRST EQUITY MORTGAGE BANKERS, INC., having originated $146,510,000 in loans. In fifth place, with 4.8%, is THE MONEY HOUSE INC., having originated $98,990,000 in loans.
SAN JUAN-BAYAMÓN-CAGUAS, PR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 9,765 | $1,652,625,000 | $169,240 |
| Cash Out Refi | 1,001 | $205,705,000 | $205,500 |
| Refi | 826 | $140,660,000 | $170,291 |
| Other | 109 | $47,515,000 | $435,917 |
| Home Improvement | 62 | $23,020,000 | $371,290 |
| NA | 1 | $25,000 | $25,000 |
San Juan - BayamÓn - Caguas's most frequently cited loan purpose was Home Purchase, with 9,765 originations. The 2nd most popular reason was Cash Out Refi, with 1,001 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 3,847 | $704,565,000 | $183,147 |
| 4-5% | 2,771 | $493,165,000 | $177,974 |
| 6-7% | 2,058 | $351,530,000 | $170,811 |
| 3-4% | 1,916 | $312,620,000 | $163,163 |
| 2.5-3% | 442 | $76,700,000 | $173,529 |
| 7-8% | 379 | $77,235,000 | $203,786 |
| <2.5% | 260 | $42,490,000 | $163,423 |
| Over 8% | 69 | $8,565,000 | $124,130 |
During 2022, San Juan - BayamÓn - Caguas's most frequently originated rate bucket was 5-6%, with 3,847 originations.
Loan Sizing (SAN JUAN-BAYAMÓN-CAGUAS, PR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 5,525 | $759,145,000 | $137,402 |
| $100,000 or less | 3,720 | $286,160,000 | $76,925 |
| $200k-400k | 1,892 | $507,760,000 | $268,372 |
| $400k-600k | 348 | $166,020,000 | $477,069 |
| $600k-1000k | 182 | $131,550,000 | $722,802 |
| $Over $1MM | 97 | $218,915,000 | $2,256,856 |
SAN JUAN - BAYAMÓN - CAGUAS's loan sizing saw the bucket of loans from $100k-200k with 5,525 originations, totaling $759,145,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 6,679 | $1,136,705,000 | $170,191 |
| 60-80% | 3,749 | $646,655,000 | $172,487 |
| 40-60% | 846 | $159,570,000 | $188,617 |
| Over 100% | 265 | $52,095,000 | $196,585 |
| 20-40% | 186 | $65,630,000 | $352,849 |
| Under 20% | 18 | $6,400,000 | $355,556 |
SAN JUAN - BAYAMÓN - CAGUAS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 6,679 originations, totaling $1,136,705,000 in origination value.