SAN JUAN - BAYAMÓN - CAGUAS Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in San Juan - BayamÓn - Caguas averaged 7.14% for the week of 2024-02-29, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-02-22) was 7% and one month ago for the week of 2024-01-25, the average rate was 6.89%.

San Juan - BayamÓn - Caguas's average rate one year ago was 7.03%.

For refis of the same type during the week of 2024-02-29, the average rate was 6.95%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-29 6.94%
San Juan - BayamÓn - Caguas 30 Year Fixed Rate 2024-02-29 7.14%
San Juan - BayamÓn - Caguas 30 Year Fixed Rate Refi 2024-02-29 6.95%
San Juan - BayamÓn - Caguas 15 Year Fixed Rate 2024-02-29 6.31%
San Juan - BayamÓn - Caguas 15 Year Fixed Rate Refi 2024-02-29 5.51%
San Juan - BayamÓn - Caguas 30 Year FHA 2024-02-29 6.55%
San Juan - BayamÓn - Caguas 30 Year FHA Refi 2024-02-29 5.7%
San Juan - BayamÓn - Caguas 30 Year USDA 2024-02-29 6.54%
San Juan - BayamÓn - Caguas 30 Year USDA Refi 2024-02-29 6.63%
San Juan - BayamÓn - Caguas 30 Year VA 2024-02-29 6.2%
San Juan - BayamÓn - Caguas 30 Year VA Refi 2024-02-29 6.32%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SAN JUAN-BAYAMÓN-CAGUAS, PR.

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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Banco Popular de Puerto Rico 923 5.64% $8,030
FIRSTBANK PUERTO RICO 663 5.20% $6,591
FIRST EQUITY MORTGAGE BANKERS, INC. 394 5.72% $8,391
Oriental Bank 233 5.13% $7,537
PENTAGON FEDERAL CREDIT UNION 191 4.40% $8,048
Capital Mortgage Services Corp. 191 6.05% $10,797
Rf Mortgage & Investment Corp 133 6.14% $9,775
SUN WEST MORTGAGE COMPANY, INC. 116 5.29% $9,707
COOPERATIVA DE CREDITO LA SAGRADA FAMILIA 90 4.52% $6,255
COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA 81 5.85% $29,856
MULTIPLES MORTGAGE CORPORATION 73 5.61% $12,119
Cooperativa A/C de Arecibo 66 4.22% $11,894
PREFERRED MORTGAGE CORPORATION 58 5.95% $9,485
TRUST MORTGAGE, CORP 56 6.01% $7,886
HR MORTGAGE CORP. 50 5.70% $8,751
Cooperativa de Ahorro y Credito Jesus Obrero 46 5.23% $4,453
COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS 40 4.96% $4,468
CALCON MUTUAL MORTGAGE LLC 39 5.89% $27,817
METRO ISLAND MORTGAGE, INC. 38 5.83% $9,830
VIG MORTGAGE CORPORATION 36 5.18% $6,608
COOPERATIVA DE AHORRO Y CREDITO DR. MANUEL ZENO GANDIA 36 5.45% $7,658
CROSSCOUNTRY MORTGAGE, LLC 36 6.15% $13,766
COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC. 31 5.07% $7,764
COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS 26 4.89% $5,937
RM ACTUAL MORTGAGE, INC. 24 5.94% $7,689
Cooperativa De Credito Y Ahorro San Jose 23 5.00% $5,583
The Lending Center Corporation 20 6.31% $7,072
CARIBE FEDERAL CREDIT UNION 20 5.62% $6,624
Equity Prime Mortgage LLC 18 4.73% $13,687
Senior Mortgage Bankers Inc 18 6.07% $12,123
HOME MORTGAGE BANKERS CORP. 18 5.25% $6,699
COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA 14 6.20% $10,107
Cooperativa de Ahorro y Credito Aguas Buenas 10 6.36% $5,389
A&D Mortgage LLC 9 7.21% $39,632
Cooperativa de Ahorro y Credito de Rincon 9 5.72% $8,550
COOPERATIVA DE AHORRO Y CREDITO DE CAMUY 9 5.85% $6,119
Cooperativa A/C Oriental 9 6.50% $6,300
Baxter Credit Union 8 5.72% $6,736
Cooperativa De Ahorro Y Credito La Aiboniteña 7 5.57% $5,534
Cooperativa de A/C de Maunabo 5 5.20% $7,983
PLANET HOME LENDING, LLC 5 6.70% $8,716
COOPERATIVA DE AHORRO Y CREDITO DE LARES 4 5.60% $4,163
SAN RAFAEL COOP 4 4.88% $4,479
EVERETT FINANCIAL, INC. 1 6.13% $6,365
COOPERATIVA DE AHORRO Y CREDITO DE ISABELA 1 3.99% $4,858

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.