Puerto Rico USDA Loan Rates, Closing Costs & Stats

Puerto Rico

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Puerto Rico USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Puerto Rico averaged 6.32% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

    Puerto Rico's average USDA mortgage closing costs are $6,280.

    The average rate for the prior week (2025-03-28) was 6.49% and one month ago for the week of 2025-02-28, the average rate was 6.14%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.12%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Puerto Rico USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Puerto Rico level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    HR MORTGAGE CORP. 201 6.48% $7,960
    Banco Popular de Puerto Rico 164 5.32% $10,137
    THE MONEY HOUSE INC. 105 6.40% $7,920
    HOME MORTGAGE BANKERS CORP. 104 6.70% $8,957
    FIRSTBANK PUERTO RICO 98 5.19% $8,890
    RM ACTUAL MORTGAGE, INC. 68 6.54% $6,868
    TRUST MORTGAGE, CORP 61 6.39% $8,287
    METRO ISLAND MORTGAGE, INC. 58 6.37% $8,048
    Oriental Bank 58 5.26% $9,216
    PREFERRED MORTGAGE CORPORATION 56 6.34% $8,062
    Rf Mortgage & Investment Corp 29 6.51% $9,672
    Cooperativa A/C Oriental 29 6.41% $6,929
    COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA 24 6.88% $9,758
    FIRST EQUITY MORTGAGE BANKERS, INC. 22 6.64% $8,869
    The Lending Center Corporation 22 6.74% $9,701
    VIG MORTGAGE CORPORATION 20 6.74% $8,598
    E.M.I. EQUITY MORTGAGE, INC. 20 6.10% $6,945
    SUN WEST MORTGAGE COMPANY, INC. 13 6.25% $7,710
    COOPERATIVA DE AHORRO Y CREDITO DE CABO ROJO 4 5.56% $10,069
    Capital Mortgage Services Corp. 4 7.63% $7,971
    Senior Mortgage Bankers Inc 3 6.42% $11,938
    CROSSCOUNTRY MORTGAGE, LLC 3 6.52% $10,415
    CALCON MUTUAL MORTGAGE LLC 3 5.92% $9,687
    MULTIPLES MORTGAGE CORPORATION 3 7.17% $10,412
    COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS 2 6.25% $11,805
    COOPERATIVA DE AHORRO Y CREDITO DE LARES 2 7.25% $5,788
    COOPERATIVA DE AHORRO Y CREDITO DE ISABELA 1 5.39% $11,721
    COOPERATIVA DE CREDITO LA SAGRADA FAMILIA 1 5.50% $7,597
    COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA 1 6.75% $8,290
    COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS 1 6.00% $5,530
    COOPERATIVA DE AHORRO Y CREDITO DR. MANUEL ZENO GANDIA 1 7.25% $12,495
    City Lending Inc. 1 6.25% $8,862

    The top Puerto Rico USDA lender as defined by loan originations is HR MORTGAGE CORP., with 201 USDA loans originated. Their average total fees are $7,960, which is $2,177 lower than the next largest lender, Banco Popular de Puerto Rico.

    The lowest fee Puerto Rico USDA lenders (with over 10 loans originated) are RM ACTUAL MORTGAGE, INC. ($6,868), Cooperativa A/C Oriental ($6,929), E.M.I. EQUITY MORTGAGE, INC. ($6,945), SUN WEST MORTGAGE COMPANY, INC. ($7,710) and THE MONEY HOUSE INC. ($7,920).

    The lowest rate Puerto Rico USDA lenders (with over 10 loans originated) are FIRSTBANK PUERTO RICO (5.19%), Oriental Bank (5.26%), Banco Popular de Puerto Rico (5.32%), E.M.I. EQUITY MORTGAGE, INC. (6.10%) and SUN WEST MORTGAGE COMPANY, INC. (6.25%).