SAN JUAN - BAYAMÓN - CAGUAS Mortgage Rates
30 Year Fixed Rate mortgages in San Juan - BayamÓn - Caguas averaged
6.71%
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
6.78% and
one month ago for the week of 2022-05-19, the
average rate was 6.25%.
San Juan - BayamÓn - Caguas's average rate one year ago was 3.71%.
For refis of the same type during the week of 2022-06-23, the average rate
was 5.73%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
| San Juan - BayamÓn - Caguas 30 Year Fixed Rate | 2022-06-23 | 6.71% |
| San Juan - BayamÓn - Caguas 30 Year Fixed Rate Refi | 2022-06-23 | 5.73% |
| San Juan - BayamÓn - Caguas 15 Year Fixed Rate | 2022-06-23 | 5.43% |
| San Juan - BayamÓn - Caguas 15 Year Fixed Rate Refi | 2022-06-23 | 4.47% |
| San Juan - BayamÓn - Caguas 30 Year FHA | 2022-06-23 | 0.15% |
| San Juan - BayamÓn - Caguas 30 Year FHA Refi | 2022-06-23 | -0.12% |
| San Juan - BayamÓn - Caguas 30 Year USDA | 2022-06-23 | 0.11% |
| San Juan - BayamÓn - Caguas 30 Year USDA Refi | 2022-06-23 | -0.08% |
| San Juan - BayamÓn - Caguas 30 Year VA | 2022-06-23 | 0.12% |
| San Juan - BayamÓn - Caguas 30 Year VA Refi | 2022-06-23 | -0.24% |
SAN JUAN - BAYAMÓN - CAGUAS 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 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, PR's 46 lenders originated 15,910
loans during 2021. The total origination value was $2,805,100,000, with an average loan value of
$176,310.
The top SAN JUAN - BAYAMÓN - CAGUAS lender as defined by loan originations is Banco Popular de Puerto Rico, with
1,274 loans originated. Their average total fees are
$6,368, which is $472
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 ($3,694), COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS ($3,856), Cooperativa De Credito Y Ahorro San Jose ($4,612), COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS ($5,133) and COOPERATIVA DE CREDITO LA SAGRADA FAMILIA ($5,547).
The lowest rate SAN JUAN - BAYAMÓN - CAGUAS lenders (with over 10 loans originated) are
PENTAGON FEDERAL CREDIT UNION (2.76%), Oriental Bank (3.23%), LENDUS, LLC (3.26%), CALCON MUTUAL MORTGAGE LLC (3.33%) and COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS (3.35%).
SAN JUAN-BAYAMÓN-CAGUAS, 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 | $535,415,000 | $723,910,000 | 35.2% | 25.8% |
| FIRSTBANK PUERTO RICO | $321,325,000 | $409,210,000 | 27.4% | 14.6% |
| Oriental Bank | $190,960,000 | $273,650,000 | 43.3% | 9.8% |
| FIRST EQUITY MORTGAGE BANKERS, INC. | $110,750,000 | $176,410,000 | 59.3% | 6.3% |
| THE MONEY HOUSE INC. | $40,850,000 | $147,150,000 | 260.2% | 5.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $73,000,000 | $118,400,000 | 62.2% | 4.2% |
| PREFERRED MORTGAGE CORPORATION | $77,495,000 | $109,055,000 | 40.7% | 3.9% |
| METRO ISLAND MORTGAGE, INC. | $73,690,000 | $104,075,000 | 41.2% | 3.7% |
| PENTAGON FEDERAL CREDIT UNION | $27,405,000 | $78,335,000 | 185.8% | 2.8% |
| Capital Mortgage Services Corp. | $45,095,000 | $77,600,000 | 72.1% | 2.8% |
| HR MORTGAGE CORP. | $47,505,000 | $73,100,000 | 53.9% | 2.6% |
| TRUST MORTGAGE, CORP | $55,530,000 | $71,905,000 | 29.5% | 2.6% |
| Rf Mortgage & Investment Corp | $58,305,000 | $68,150,000 | 16.9% | 2.4% |
| E.M.I. EQUITY MORTGAGE, INC. | $47,775,000 | $49,115,000 | 2.8% | 1.8% |
| HOME MORTGAGE BANKERS CORP. | $61,630,000 | $38,655,000 | -37.3% | 1.4% |
| LENDUS, LLC | $29,615,000 | n/a | 1.1% | |
| RM ACTUAL MORTGAGE, INC. | $19,200,000 | $28,310,000 | 47.4% | 1.0% |
| VIG MORTGAGE CORPORATION | $30,690,000 | $26,065,000 | -15.1% | 0.9% |
| CALCON MUTUAL MORTGAGE LLC | $14,485,000 | $23,940,000 | 65.3% | 0.9% |
| COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA | $18,365,000 | $23,930,000 | 30.3% | 0.9% |
| Senior Mortgage Bankers Inc | $21,460,000 | $22,650,000 | 5.5% | 0.8% |
| MULTIPLES MORTGAGE CORPORATION | $8,570,000 | $14,555,000 | 69.8% | 0.5% |
| LATIN AMERICAN FINANCIAL CORPORATION | $9,115,000 | $14,205,000 | 55.8% | 0.5% |
| Cooperativa A/C de Arecibo | $6,130,000 | $13,640,000 | 122.5% | 0.5% |
| COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA | $10,490,000 | $11,315,000 | 7.9% | 0.4% |
| The Lending Center Corporation | $2,785,000 | $10,395,000 | 273.2% | 0.4% |
| CARIBE FEDERAL CREDIT UNION | $6,205,000 | $8,845,000 | 42.5% | 0.3% |
| COOPERATIVA DE CREDITO LA SAGRADA FAMILIA | $2,605,000 | $7,185,000 | 175.8% | 0.3% |
| COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS | $2,440,000 | $5,960,000 | 144.3% | 0.2% |
| Equity Prime Mortgage LLC | $5,945,000 | n/a | 0.2% | |
| COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC. | $3,925,000 | $4,385,000 | 11.7% | 0.2% |
| Cooperativa de Ahorro y Credito Jesus Obrero | $1,925,000 | $4,235,000 | 120.0% | 0.2% |
| COOPERATIVA DE AHORRO Y CREDITO DE CAMUY | $2,465,000 | $3,635,000 | 47.5% | 0.1% |
| Cooperativa Ahorro y Credito Aguadilla | $990,000 | $3,540,000 | 257.6% | 0.1% |
| Cooperativa De Credito Y Ahorro San Jose | $3,215,000 | $3,480,000 | 8.2% | 0.1% |
| COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS | $295,000 | $3,205,000 | 986.4% | 0.1% |
| Baxter Credit Union | $275,000 | $2,145,000 | 680.0% | 0.1% |
| COOPERATIVA DE AHORRO Y CREDITO DR. MANUEL ZENO GANDIA | $730,000 | $2,130,000 | 191.8% | 0.1% |
| COOPERATIVA DE AHORRO Y CREDITO CAGUAS | $305,000 | $1,950,000 | 539.3% | 0.1% |
| COOPERATIVA DE AHORRO Y CREDITO DEL VALENCIANO | $380,000 | $1,585,000 | 317.1% | 0.1% |
| Cooperativa De Ahorro Y Credito La Aiboniteña | $1,670,000 | $1,490,000 | -10.8% | 0.1% |
| COOPERATIVA DE AHORRO Y CREDITO DE CABO ROJO | $85,000 | $1,355,000 | 1,494.1% | 0.0% |
| Cooperativa de A/C de Maunabo | $105,000 | $1,255,000 | 1,095.2% | 0.0% |
| Cooperativa de Ahorro y Credito de Rincon | $885,000 | $1,245,000 | 40.7% | 0.0% |
| Cooperativa de Ahorro y Credito Aguas Buenas | $680,000 | $920,000 | 35.3% | 0.0% |
| COOPERATIVA DE AHORRO Y CREDITO DE SANTA ISABEL (CACSI) | $695,000 | n/a | 0.0% | |
| VILLAGE CAPITAL & INVESTMENT LLC | $115,000 | $585,000 | 408.7% | 0.0% |
| United Fidelity Bank, fsb | $415,000 | n/a | 0.0% | |
| SAN RAFAEL COOP | $125,000 | $350,000 | 180.0% | 0.0% |
| COOPERATIVA DE AHORRO Y CREDITO DE ISABELA | $370,000 | $310,000 | -16.2% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $305,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $225,000 | n/a | 0.0% | |
| COOPERATIVA DE AHORRO Y CREDITO DE LARES | $195,000 | n/a | 0.0% | |
| COOPERATIVA DE AHORRO Y CREDITO DE AGUADA | $145,000 | $125,000 | -13.8% | 0.0% |
| Cooperativa de Ahoro y Crédito Bo. Quebrada de Camuy, P.R. | $105,000 | $65,000 | -38.1% | 0.0% |
SAN JUAN - BAYAMÓN - CAGUAS's top lender by overall market share is Banco Popular de Puerto Rico, with 25.8% market share. In second place, with 14.6%, is FIRSTBANK PUERTO RICO, having originated $409,210,000 in loans. In third place, with 9.8%, is Oriental Bank, having originated $273,650,000 in loans. In third place, with 6.3%, is FIRST EQUITY MORTGAGE BANKERS, INC., having originated $176,410,000 in loans. In third place, with 5.2%, is THE MONEY HOUSE INC., having originated $147,150,000 in loans.
SAN JUAN-BAYAMÓN-CAGUAS, PR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 10,893 | $1,854,945,000 | $170,288 |
| Refi | 2,995 | $510,575,000 | $170,476 |
| Cash Out Refi | 1,862 | $390,310,000 | $209,619 |
| Other | 121 | $27,005,000 | $223,182 |
| Home Improvement | 39 | $22,265,000 | $570,897 |
San Juan - BayamÓn - Caguas's most frequently cited loan purpose was Home Purchase, with 10,893 originations. The 2nd most popular reason was Refi, with 2,995 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 5,531 | $1,001,235,000 | $181,022 |
| 2.5-3% | 5,366 | $861,270,000 | $160,505 |
| <2.5% | 3,168 | $543,710,000 | $171,626 |
| 4-5% | 1,249 | $270,625,000 | $216,673 |
| 5-6% | 488 | $102,570,000 | $210,184 |
| 6-7% | 67 | $20,375,000 | $304,104 |
| 7-8% | 20 | $1,320,000 | $66,000 |
| Over 8% | 5 | $1,145,000 | $229,000 |
During 2021, San Juan - BayamÓn - Caguas's most frequently originated rate bucket was 3-4%, with 5,531 originations.
Loan Sizing (SAN JUAN-BAYAMÓN-CAGUAS, PR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 8,181 | $1,122,425,000 | $137,199 |
| $100,000 or less | 4,276 | $336,200,000 | $78,625 |
| $200k-400k | 2,676 | $734,890,000 | $274,623 |
| $400k-600k | 554 | $270,940,000 | $489,061 |
| $Over $1MM | 113 | $256,655,000 | $2,271,283 |
| $600k-1000k | 110 | $83,990,000 | $763,545 |
SAN JUAN - BAYAMÓN - CAGUAS's loan sizing saw the bucket of loans from $100k-200k with 8,181 originations, totaling $1,122,425,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 9,924 | $1,601,270,000 | $161,353 |
| 60-80% | 4,286 | $851,650,000 | $198,705 |
| 40-60% | 916 | $204,840,000 | $223,624 |
| Over 100% | 371 | $65,305,000 | $176,024 |
| 20-40% | 200 | $48,950,000 | $244,750 |
| Under 20% | 17 | $4,225,000 | $248,529 |
SAN JUAN - BAYAMÓN - CAGUAS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 9,924 originations, totaling $1,601,270,000 in origination value.
