Puerto Rico USDA Loan Rates, Closing Costs & Stats
Puerto Rico
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
5.92%
for the week of 2025-03-14, compared to the national average (all USDA variants) of
6.402% for the same period.
Puerto Rico's average USDA mortgage closing costs are $6,068.
The average rate for the prior week (2025-03-07) was
5.99% and
one month ago for the week of 2025-02-07, the
average rate was 6.2%.
The average rate one year ago was 6.3%.
For refis of the same type during the week of 2025-03-14, the average rate
was 6.16%.
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.
The top Puerto Rico USDA lender as defined by loan originations is HR MORTGAGE CORP., with
256 USDA loans originated. Their average total fees are
$7,565, which is $293
lower than the next largest lender,
FIRSTBANK PUERTO RICO.
The lowest fee Puerto Rico USDA lenders (with over 10 loans originated) are
E.M.I. EQUITY MORTGAGE, INC. ($5,856), RM ACTUAL MORTGAGE, INC. ($6,180), Cooperativa A/C Oriental ($6,222), THE MONEY HOUSE INC. ($7,035) and Capital Mortgage Services Corp. ($7,085).
The lowest rate Puerto Rico USDA lenders (with over 10 loans originated) are
Banco Popular de Puerto Rico (5.39%), FIRSTBANK PUERTO RICO (5.46%), Oriental Bank (5.66%), TRUST MORTGAGE, CORP (6.27%) and SUN WEST MORTGAGE COMPANY, INC. (6.33%).