Santa Isabel Mortgage Rates

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

30 Year Fixed Rate mortgages in Santa Isabel averaged 6.43% 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 6.1% and one month ago for the week of 2022-05-19, the average rate was 5.77%.

Santa Isabel's average rate one year ago was 4.05%.

For refis of the same type during the week of 2022-06-23, the average rate was 5.71%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Santa Isabel 30 Year Fixed Rate 2022-06-23 6.43%
Santa Isabel 30 Year Fixed Rate Refi 2022-06-23 5.71%
Santa Isabel 15 Year Fixed Rate 2022-06-23 4.99%
Santa Isabel 15 Year Fixed Rate Refi 2022-06-23 4.69%
Santa Isabel 30 Year FHA 2022-06-23 0%
Santa Isabel 30 Year FHA Refi 2022-06-23 -0.42%
Santa Isabel 30 Year USDA 2022-06-23 0.3%
Santa Isabel 30 Year USDA Refi 2022-06-23 -0.46%
Santa Isabel 30 Year VA 2022-06-23 0.53%
Santa Isabel 30 Year VA Refi 2022-06-23 0.05%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Santa Isabel, PR.

Santa Isabel 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 Santa Isabel, 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 5 3.10% $2,951
SUN WEST MORTGAGE COMPANY, INC. 3 3.37% $6,653
FIRSTBANK PUERTO RICO 2 2.81% $6,233
Senior Mortgage Bankers Inc 2 4.13% $6,703
COOPERATIVA DE AHORRO Y CREDITO DE SANTA ISABEL (CACSI) 2 5.63% $4,128
Oriental Bank 1 2.88% $4,278
PENTAGON FEDERAL CREDIT UNION 1 2.88% $4,984
COOPERATIVA DE AHORRO Y CREDITO DE CAMUY 1 3.95% $14,197
FIRST EQUITY MORTGAGE BANKERS, INC. 1 5.88% $7,720
METRO ISLAND MORTGAGE, INC. 1 6.50% $5,973

Santa Isabel, PR's 10 lenders originated 160 loans during 2021. The total origination value was $20,380,000, with an average loan value of $127,375.

The top Santa Isabel lender as defined by loan originations is Banco Popular de Puerto Rico, with 5 loans originated. Their average total fees are $2,951, which is $3,702 lower than the next largest lender, SUN WEST MORTGAGE COMPANY, INC..

The lowest fee Santa Isabel lenders (with over 10 loans originated) are .

The lowest rate Santa Isabel lenders (with over 10 loans originated) are .

Santa Isabel, 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
SUN WEST MORTGAGE COMPANY, INC. $3,910,000 $4,575,000 17.0% 22.4%
Banco Popular de Puerto Rico $3,185,000 $2,865,000 -10.0% 14.1%
Senior Mortgage Bankers Inc $1,585,000 $2,800,000 76.7% 13.7%
METRO ISLAND MORTGAGE, INC. $515,000 $2,015,000 291.3% 9.9%
FIRSTBANK PUERTO RICO $1,360,000 $1,400,000 2.9% 6.9%
THE MONEY HOUSE INC. $1,170,000 $1,295,000 10.7% 6.4%
Oriental Bank $805,000 $1,045,000 29.8% 5.1%
FIRST EQUITY MORTGAGE BANKERS, INC. $355,000 $830,000 133.8% 4.1%
HR MORTGAGE CORP. $115,000 $460,000 300.0% 2.3%
PENTAGON FEDERAL CREDIT UNION $165,000 $455,000 175.8% 2.2%
PREFERRED MORTGAGE CORPORATION $190,000 $385,000 102.6% 1.9%
The Lending Center Corporation $380,000 n/a 1.9%
COOPERATIVA DE AHORRO Y CREDITO DE CAMUY $375,000 n/a 1.8%
RM ACTUAL MORTGAGE, INC. $380,000 $365,000 -3.9% 1.8%
COOPERATIVA DE AHORRO Y CREDITO DE SANTA ISABEL (CACSI) $280,000 $360,000 28.6% 1.8%
E.M.I. EQUITY MORTGAGE, INC. $115,000 $260,000 126.1% 1.3%
VIG MORTGAGE CORPORATION $1,840,000 $170,000 -90.8% 0.8%
Cooperativa de Ahorro y Credito de Rincon $155,000 n/a 0.8%
Cooperativa A/C de Arecibo $105,000 n/a 0.5%
LATIN AMERICAN FINANCIAL CORPORATION $85,000 n/a 0.4%

Santa Isabel's top lender by overall market share is SUN WEST MORTGAGE COMPANY, INC., with 22.4% market share. In second place, with 14.1%, is Banco Popular de Puerto Rico, having originated $2,865,000 in loans. In third place, with 13.7%, is Senior Mortgage Bankers Inc, having originated $2,800,000 in loans. In third place, with 9.9%, is METRO ISLAND MORTGAGE, INC., having originated $2,015,000 in loans. In third place, with 6.9%, is FIRSTBANK PUERTO RICO, having originated $1,400,000 in loans.


Santa Isabel, PR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 121 $16,255,000 $134,339
Refi 22 $2,310,000 $105,000
Cash Out Refi 17 $1,815,000 $106,765

Santa Isabel's most frequently cited loan purpose was Home Purchase, with 121 originations. The 2nd most popular reason was Refi, with 22 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 68 $9,260,000 $136,176
3-4% 58 $7,270,000 $125,345
<2.5% 24 $2,870,000 $119,583
4-5% 6 $590,000 $98,333
5-6% 2 $220,000 $110,000
6-7% 2 $170,000 $85,000

During 2021, Santa Isabel's most frequently originated rate bucket was 2.5-3%, with 68 originations.

Loan Sizing (Santa Isabel, PR MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 95 $14,185,000 $149,316
$100,000 or less 60 $4,920,000 $82,000
$200k-400k 5 $1,275,000 $255,000

Santa Isabel's loan sizing saw the bucket of loans from $100k-200k with 95 originations, totaling $14,185,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 119 $16,135,000 $135,588
60-80% 30 $2,820,000 $94,000
Over 100% 5 $725,000 $145,000
40-60% 3 $355,000 $118,333

Santa Isabel's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 119 originations, totaling $16,135,000 in origination value.