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 7.38% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 7.32% and one month ago for the week of 2023-08-10, the average rate was 6.76%.

Yauco's average rate one year ago was 5.89%.

For refis of the same type during the week of 2023-09-14, the average rate was 7.18%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Yauco 30 Year Fixed Rate 2023-09-14 7.38%
Yauco 30 Year Fixed Rate Refi 2023-09-14 7.18%
Yauco 15 Year Fixed Rate 2023-09-14 6.51%
Yauco 15 Year Fixed Rate Refi 2023-09-14 6.41%
Yauco 30 Year FHA 2023-09-14 6.79%
Yauco 30 Year FHA Refi 2023-09-14 7.19%
Yauco 30 Year USDA 2023-09-14 7.18%
Yauco 30 Year USDA Refi 2023-09-14 6.88%
Yauco 30 Year VA 2023-09-14 6.91%
Yauco 30 Year VA Refi 2023-09-14 7.01%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Banco Popular de Puerto Rico 8 5.52% $4,794
FIRSTBANK PUERTO RICO 7 5.18% $3,455
Cooperativa de Ahorro y Credito de Rincon 5 6.25% $4,568
PENTAGON FEDERAL CREDIT UNION 4 4.50% $5,557
Oriental Bank 3 5.13% $4,682
SUN WEST MORTGAGE COMPANY, INC. 2 6.88% $5,726
The Lending Center Corporation 1 7.13% $7,491
CARIBE FEDERAL CREDIT UNION 1 6.50% $4,272
Cooperativa A/C de Arecibo 1 3.75% $8,786
FIRST EQUITY MORTGAGE BANKERS, INC. 1 6.50% $14,950

YAUCO Average Closing Costs & Other Stats

YAUCO, PR's 10 lenders originated 155 loans during 2022. The total origination value was $16,115,000, with an average loan value of $103,968.

YAUCO's average closing costs are $5,243.

The top YAUCO lender as defined by loan originations is Banco Popular de Puerto Rico, with 8 loans originated. Their average total fees are $4,794, which is $1,339 higher than the next largest lender, FIRSTBANK PUERTO RICO.

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

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

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Oriental Bank $3,430,000 $2,650,000 -22.7% 16.4%
Banco Popular de Puerto Rico $3,790,000 $2,575,000 -32.1% 16.0%
THE MONEY HOUSE INC. $1,940,000 $2,215,000 14.2% 13.7%
FIRST EQUITY MORTGAGE BANKERS, INC. $1,470,000 $1,660,000 12.9% 10.3%
FIRSTBANK PUERTO RICO $3,145,000 $1,400,000 -55.5% 8.7%
SUN WEST MORTGAGE COMPANY, INC. $2,940,000 $1,275,000 -56.6% 7.9%
PENTAGON FEDERAL CREDIT UNION $720,000 $1,160,000 61.1% 7.2%
Cooperativa de Ahorro y Credito de Rincon $250,000 $655,000 162.0% 4.1%
PREFERRED MORTGAGE CORPORATION $855,000 $390,000 -54.4% 2.4%
METRO ISLAND MORTGAGE, INC. $1,275,000 $375,000 -70.6% 2.3%
HR MORTGAGE CORP. $115,000 $305,000 165.2% 1.9%
CARIBE FEDERAL CREDIT UNION $65,000 $285,000 338.5% 1.8%
HOME MORTGAGE BANKERS CORP. $165,000 $200,000 21.2% 1.2%
LATIN AMERICAN FINANCIAL CORPORATION $145,000 n/a 0.9%
Cooperativa A/C de Arecibo $175,000 $135,000 -22.9% 0.8%
TRUST MORTGAGE, CORP $400,000 $125,000 -68.8% 0.8%
The Lending Center Corporation $290,000 $115,000 -60.3% 0.7%
Equity Prime Mortgage LLC $95,000 $95,000 0.0% 0.6%
VIG MORTGAGE CORPORATION $95,000 n/a 0.6%
E.M.I. EQUITY MORTGAGE, INC. $155,000 $85,000 -45.2% 0.5%
Cooperativa A/C Oriental $75,000 n/a 0.5%
PLANET HOME LENDING, LLC $65,000 n/a 0.4%
SAN RAFAEL COOP $240,000 $35,000 -85.4% 0.2%

YAUCO's top lender by overall market share is Oriental Bank, with 16.4% market share. In second place, with 16.0%, is Banco Popular de Puerto Rico, having originated $2,575,000 in loans. In third place, with 13.7%, is THE MONEY HOUSE INC., having originated $2,215,000 in loans. In fourth place, with 10.3%, is FIRST EQUITY MORTGAGE BANKERS, INC., having originated $1,660,000 in loans. In fifth place, with 8.7%, is FIRSTBANK PUERTO RICO, having originated $1,400,000 in loans.

YAUCO, PR Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

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
00606 Yauco, PR $370 $390 $440 $590 $650
00624 Yauco, PR $360 $370 $420 $580 $670
00637 Yauco, PR $380 $400 $460 $620 $730
00647 Yauco, PR $370 $390 $440 $600 $670
00653 Yauco, PR $400 $400 $460 $620 $630
00656 Yauco, PR $360 $370 $420 $570 $580
00698 Yauco, PR $360 $370 $420 $570 $650

2022 Average & Median Rent Data Statistics
YAUCO, PR average 1BR rent: $384, median: $390
YAUCO, PR average 2BR rent: $437, median: $440
YAUCO, PR average 3BR rent: $593, median: $590

YAUCO, PR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 133 $13,345,000 $100,338
Cash Out Refi 15 $1,825,000 $121,667
Refi 6 $830,000 $138,333
Other 1 $115,000 $115,000

Yauco's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 38 $3,650,000 $96,053
4-5% 37 $3,525,000 $95,270
3-4% 35 $3,945,000 $112,714
6-7% 28 $2,920,000 $104,286
7-8% 8 $660,000 $82,500
2.5-3% 6 $720,000 $120,000
<2.5% 2 $660,000 $330,000
Over 8% 1 $35,000 $35,000

During 2022, Yauco's most frequently originated rate bucket was 5-6%, with 38 originations.

Loan Sizing (YAUCO, PR MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 88 $6,430,000 $73,068
$100k-200k 60 $7,800,000 $130,000
$200k-400k 7 $1,885,000 $269,286

YAUCO's loan sizing saw the bucket of loans from $100,000 or less with 88 originations, totaling $6,430,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 87 $9,685,000 $111,322
60-80% 49 $4,815,000 $98,265
40-60% 15 $1,125,000 $75,000
20-40% 2 $190,000 $95,000
Over 100% 2 $300,000 $150,000

YAUCO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 87 originations, totaling $9,685,000 in origination value.