United States Virgin Islands Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in United States Virgin Islands averaged
6.54%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
6.55% and
one month ago for the week of 2025-02-27, the
average rate was 6.96%.
United States Virgin Islands's average rate one year ago was 6.89%.
For refis of the same type during the week of 2025-04-03, the average rate
was 7.24%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
| United States Virgin Islands 30 Year Fixed Rate | 2025-04-03 | 6.54% |
| United States Virgin Islands 30 Year Fixed Rate Refi | 2025-04-03 | 7.24% |
| United States Virgin Islands 15 Year Fixed Rate | 2025-04-03 | 5.72% |
| United States Virgin Islands 15 Year Fixed Rate Refi | 2025-04-03 | 5.92% |
| United States Virgin Islands 30 Year FHA | 2025-04-03 | 6.16% |
| United States Virgin Islands 30 Year FHA Refi | 2025-04-03 | 6.56% |
| United States Virgin Islands 30 Year VA | 2025-04-03 | 5.96% |
| United States Virgin Islands 30 Year VA Refi | 2025-04-03 | 6.06% |
United States Virgin Islands 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 United States Virgin Islands 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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| PIKE CREEK MORTGAGE SERVICES, INC. | 16 | 7.61% | $12,401 |
| CMG MORTGAGE, INC. | 2 | 6.99% | $5,733 |
United States Virgin Islands Average Closing Costs & Other Stats
United States Virgin Islands's 2 lenders originated 36
loans during 2024. The total origination value was $15,400,000, with an average loan value of
$427,778.
United States Virgin Islands's average closing costs are $8,657.
The top United States Virgin Islands lender as defined by loan originations is PIKE CREEK MORTGAGE SERVICES, INC., with
16 loans originated. Their average total fees are
$12,401, which is $6,668
higher than the next largest lender,
CMG MORTGAGE, INC..
The lowest fee United States Virgin Islands lenders (with over 10 loans originated) are
PIKE CREEK MORTGAGE SERVICES, INC. ($12,401), .
The lowest rate United States Virgin Islands lenders (with over 10 loans originated) are
PIKE CREEK MORTGAGE SERVICES, INC. (7.61%), .
United States Virgin Islands 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| PIKE CREEK MORTGAGE SERVICES, INC. | $4,185,000 | $9,325,000 | 122.8% | 60.6% |
| SIWELL, INC. | $6,210,000 | $4,605,000 | -25.8% | 29.9% |
| CMG MORTGAGE, INC. | $660,000 | n/a | 4.3% | |
| Badger Bank | $505,000 | n/a | 3.3% | |
| CALCON MUTUAL MORTGAGE LLC | $305,000 | n/a | 2.0% |
United States Virgin Islands's top lender by overall market share is PIKE CREEK MORTGAGE SERVICES, INC., with 60.6% market share. In second place, with 29.9%, is SIWELL, INC., having originated $4,605,000 in loans. In third place, with 4.3%, is CMG MORTGAGE, INC., having originated $660,000 in loans. In fourth place, with 3.3%, is Badger Bank, having originated $505,000 in loans. In fifth place, with 2.0%, is CALCON MUTUAL MORTGAGE LLC, having originated $305,000 in loans.
United States Virgin Islands Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 33 | $14,335,000 | $434,394 |
| Cash Out Refi | 3 | $1,065,000 | $355,000 |
United States Virgin Islands's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 15 | $8,355,000 | $557,000 |
| Over 8% | 15 | $4,525,000 | $301,667 |
| 6-7% | 4 | $1,670,000 | $417,500 |
| <2.5% | 1 | $345,000 | $345,000 |
During 2024, United States Virgin Islands's most frequently originated rate bucket was 7-8%, with 15 originations.
Loan Sizing (United States Virgin Islands MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 19 | $5,675,000 | $298,684 |
| $400k-600k | 6 | $2,960,000 | $493,333 |
| $600k-1000k | 5 | $3,875,000 | $775,000 |
| $100k-200k | 4 | $540,000 | $135,000 |
| $Over $1MM | 2 | $2,350,000 | $1,175,000 |
United States Virgin Islands's loan sizing saw the bucket of loans from $200k-400k with 19 originations, totaling $5,675,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 27 | $12,065,000 | $446,852 |
| 40-60% | 4 | $980,000 | $245,000 |
| 80-100% | 3 | $1,745,000 | $581,667 |
| 20-40% | 1 | $105,000 | $105,000 |
United States Virgin Islands's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 27 originations, totaling $12,065,000 in origination value.