YAUCO Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Yauco averaged 6.71% for the week of 2024-11-27, compared to the national average of 6.81% for the same period.

The average rate for the prior week (2024-11-21) was 6.94% and one month ago for the week of 2024-10-24, the average rate was 6.44%.

Yauco's average rate one year ago was 7.09%.

For refis of the same type during the week of 2024-11-27, the average rate was 6.91%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-11-27 6.81%
Yauco 30 Year Fixed Rate 2024-11-27 6.71%
Yauco 30 Year Fixed Rate Refi 2024-11-27 6.91%
Yauco 15 Year Fixed Rate 2024-11-27 6%
Yauco 15 Year Fixed Rate Refi 2024-11-27 6.3%
Yauco 30 Year FHA 2024-11-27 -0.23%
Yauco 30 Year FHA Refi 2024-11-27 -0.2%
Yauco 30 Year USDA 2024-11-27 0.2%
Yauco 30 Year USDA Refi 2024-11-27 -0.2%
Yauco 30 Year VA 2024-11-27 0.2%
Yauco 30 Year VA Refi 2024-11-27 -0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within YAUCO, PR.

YAUCO 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 YAUCO, 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 12 8.49% $3,880
FIRSTBANK PUERTO RICO 6 6.35% $5,422
Oriental Bank 4 6.19% $3,681
Cooperativa de Ahorro y Credito de Rincon 3 5.50% $6,264
SUN WEST MORTGAGE COMPANY, INC. 2 7.69% $7,553
THE MONEY HOUSE INC. 2 7.25% $5,703
Cooperativa A/C de Arecibo 1 6.50% $9,119
PENTAGON FEDERAL CREDIT UNION 1 5.38% $6,264

YAUCO Average Closing Costs & Other Stats

YAUCO, PR's 8 lenders originated 158 loans during 2023. The total origination value was $17,080,000, with an average loan value of $108,101.

YAUCO's average closing costs are $5,544.

The top YAUCO lender as defined by loan originations is Banco Popular de Puerto Rico, with 12 loans originated. Their average total fees are $3,880, which is $1,543 lower than the next largest lender, FIRSTBANK PUERTO RICO.

The lowest fee YAUCO lenders (with over 10 loans originated) are Banco Popular de Puerto Rico ($3,880), .

The lowest rate YAUCO lenders (with over 10 loans originated) are Banco Popular de Puerto Rico (8.49%), .

YAUCO, 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
THE MONEY HOUSE INC. $2,215,000 $4,435,000 100.2% 26.0%
Banco Popular de Puerto Rico $2,575,000 $2,450,000 -4.9% 14.3%
SUN WEST MORTGAGE COMPANY, INC. $1,275,000 $2,305,000 80.8% 13.5%
FIRSTBANK PUERTO RICO $1,400,000 $1,965,000 40.4% 11.5%
FIRST EQUITY MORTGAGE BANKERS, INC. $1,660,000 $1,400,000 -15.7% 8.2%
Oriental Bank $2,650,000 $1,235,000 -53.4% 7.2%
METRO ISLAND MORTGAGE, INC. $375,000 $1,005,000 168.0% 5.9%
Cooperativa de Ahorro y Credito de Rincon $655,000 $655,000 0.0% 3.8%
PENTAGON FEDERAL CREDIT UNION $1,160,000 $260,000 -77.6% 1.5%
Senior Mortgage Bankers Inc $260,000 n/a 1.5%
HOME MORTGAGE BANKERS CORP. $200,000 $245,000 22.5% 1.4%
CROSSCOUNTRY MORTGAGE, LLC $155,000 n/a 0.9%
Cooperativa A/C Oriental $75,000 $125,000 66.7% 0.7%
TRUST MORTGAGE, CORP $125,000 $125,000 0.0% 0.7%
VIG MORTGAGE CORPORATION $95,000 $105,000 10.5% 0.6%
Cooperativa A/C de Arecibo $135,000 $95,000 -29.6% 0.6%
PREFERRED MORTGAGE CORPORATION $390,000 $85,000 -78.2% 0.5%
MULTIPLES MORTGAGE CORPORATION $65,000 n/a 0.4%
HR MORTGAGE CORP. $305,000 $45,000 -85.2% 0.3%

YAUCO's top lender by overall market share is THE MONEY HOUSE INC., with 26.0% market share. In second place, with 14.3%, is Banco Popular de Puerto Rico, having originated $2,450,000 in loans. In third place, with 13.5%, is SUN WEST MORTGAGE COMPANY, INC., having originated $2,305,000 in loans. In fourth place, with 11.5%, is FIRSTBANK PUERTO RICO, having originated $1,965,000 in loans. In fifth place, with 8.2%, is FIRST EQUITY MORTGAGE BANKERS, INC., having originated $1,400,000 in loans.

YAUCO, PR Average Rent (2023)

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For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
606 Yauco, PR MSA $380 $400 $460 $600 $650
624 Yauco, PR MSA $380 $390 $440 $610 $680
637 Yauco, PR MSA $400 $430 $490 $640 $730
647 Yauco, PR MSA $400 $420 $480 $640 $680
653 Yauco, PR MSA $420 $430 $490 $660 $660
656 Yauco, PR MSA $380 $390 $440 $600 $610
698 Yauco, PR MSA $400 $410 $460 $620 $630

2022 Average & Median Rent Data Statistics
YAUCO, PR average 1BR rent: $410, median: $410
YAUCO, PR average 2BR rent: $466, median: $460
YAUCO, PR average 3BR rent: $624, median: $620

YAUCO, PR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 149 $15,895,000 $106,678
Cash Out Refi 6 $790,000 $131,667
Other 2 $320,000 $160,000
Refi 1 $75,000 $75,000

Yauco's most frequently cited loan purpose was Home Purchase, with 149 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 85 $9,515,000 $111,941
5-6% 29 $3,375,000 $116,379
7-8% 20 $1,960,000 $98,000
4-5% 9 $1,165,000 $129,444
Over 8% 8 $540,000 $67,500
3-4% 7 $525,000 $75,000

During 2023, Yauco's most frequently originated rate bucket was 6-7%, with 85 originations.

Loan Sizing (YAUCO, PR MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 95 $6,735,000 $70,895
$100k-200k 51 $6,955,000 $136,373
$200k-400k 10 $2,490,000 $249,000
$400k-600k 2 $900,000 $450,000

YAUCO's loan sizing saw the bucket of loans from $100,000 or less with 95 originations, totaling $6,735,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 63 $5,875,000 $93,254
80-100% 57 $7,355,000 $129,035
40-60% 23 $1,225,000 $53,261
Over 100% 11 $2,315,000 $210,455
20-40% 3 $255,000 $85,000
Under 20% 1 $55,000 $55,000

YAUCO's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 63 originations, totaling $5,875,000 in origination value.