Santa Isabel Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Santa Isabel averaged 6.22% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6.12% and one month ago for the week of 2024-09-05, the average rate was 6.15%.

Santa Isabel's average rate one year ago was 7.69%.

For refis of the same type during the week of 2024-10-10, the average rate was 7.12%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Santa Isabel 30 Year Fixed Rate 2024-10-10 6.22%
Santa Isabel 30 Year Fixed Rate Refi 2024-10-10 7.12%
Santa Isabel 15 Year Fixed Rate 2024-10-10 5.61%
Santa Isabel 15 Year Fixed Rate Refi 2024-10-10 5.31%
Santa Isabel 30 Year FHA 2024-10-10 6.1%
Santa Isabel 30 Year FHA Refi 2024-10-10 6%
Santa Isabel 30 Year USDA 2024-10-10 6.08%
Santa Isabel 30 Year USDA Refi 2024-10-10 5.88%
Santa Isabel 30 Year VA 2024-10-10 5.65%
Santa Isabel 30 Year VA Refi 2024-10-10 5.95%
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 lender, 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Banco Popular de Puerto Rico 4 6.59% $8,800
FIRSTBANK PUERTO RICO 3 6.38% $4,831
SUN WEST MORTGAGE COMPANY, INC. 3 7.38% $5,960
PENTAGON FEDERAL CREDIT UNION 1 6.38% $4,016

Santa Isabel Average Closing Costs & Other Stats

Santa Isabel, PR's 4 lenders originated 61 loans during 2023. The total origination value was $7,145,000, with an average loan value of $117,131.

Santa Isabel's average closing costs are $6,102.

The top Santa Isabel lender as defined by loan originations is Banco Popular de Puerto Rico, with 4 loans originated. Their average total fees are $8,800, which is $3,969 higher than the next largest lender, FIRSTBANK PUERTO RICO.

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 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Banco Popular de Puerto Rico $1,955,000 $2,005,000 2.6% 28.1%
SUN WEST MORTGAGE COMPANY, INC. $2,560,000 $1,095,000 -57.2% 15.3%
FIRSTBANK PUERTO RICO $870,000 $650,000 -25.3% 9.1%
VIG MORTGAGE CORPORATION $510,000 $465,000 -8.8% 6.5%
FIRST EQUITY MORTGAGE BANKERS, INC. $660,000 $430,000 -34.8% 6.0%
METRO ISLAND MORTGAGE, INC. $470,000 $425,000 -9.6% 5.9%
THE MONEY HOUSE INC. $1,105,000 $425,000 -61.5% 5.9%
TRUST MORTGAGE, CORP $65,000 $345,000 430.8% 4.8%
PENTAGON FEDERAL CREDIT UNION $385,000 $315,000 -18.2% 4.4%
Oriental Bank $1,060,000 $270,000 -74.5% 3.8%
RM ACTUAL MORTGAGE, INC. $285,000 $180,000 -36.8% 2.5%
COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA $145,000 n/a 2.0%
HR MORTGAGE CORP. $705,000 $135,000 -80.9% 1.9%
E.M.I. EQUITY MORTGAGE, INC. $140,000 $75,000 -46.4% 1.0%
HOME MORTGAGE BANKERS CORP. $435,000 $75,000 -82.8% 1.0%
Senior Mortgage Bankers Inc $95,000 $65,000 -31.6% 0.9%
Cooperativa A/C Oriental $45,000 n/a 0.6%

Santa Isabel's top lender by overall market share is Banco Popular de Puerto Rico, with 28.1% market share. In second place, with 15.3%, is SUN WEST MORTGAGE COMPANY, INC., having originated $1,095,000 in loans. In third place, with 9.1%, is FIRSTBANK PUERTO RICO, having originated $650,000 in loans. In fourth place, with 6.5%, is VIG MORTGAGE CORPORATION, having originated $465,000 in loans. In fifth place, with 6.0%, is FIRST EQUITY MORTGAGE BANKERS, INC., having originated $430,000 in loans.

Santa Isabel, PR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 53 $6,385,000 $120,472
Cash Out Refi 7 $695,000 $99,286
Other 1 $65,000 $65,000

Santa Isabel's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 38 $4,100,000 $107,895
5-6% 10 $1,680,000 $168,000
3-4% 5 $735,000 $147,000
7-8% 4 $360,000 $90,000
Over 8% 3 $225,000 $75,000

During 2023, Santa Isabel's most frequently originated rate bucket was 6-7%, with 38 originations.

Loan Sizing (Santa Isabel, PR MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 30 $2,130,000 $71,000
$100k-200k 25 $3,525,000 $141,000
$200k-400k 6 $1,490,000 $248,333

Santa Isabel's loan sizing saw the bucket of loans from $100,000 or less with 30 originations, totaling $2,130,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 30 $4,470,000 $149,000
60-80% 24 $2,010,000 $83,750
40-60% 5 $315,000 $63,000
Over 100% 2 $350,000 $175,000

Santa Isabel's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 30 originations, totaling $4,470,000 in origination value.