Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia Mortgage Rates, Fees & Info
Arecibo,LEI: 2549001FVJ5MZI4YAE11
Tax ID: 66-0227873
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Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia is a smaller mortgage company specializing in Home Purchase loans. Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia has a high proportion of conventional loans. Their top markets by origination volume include: San Juan, Arecibo, Aguadilla, and Ponce among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia has a below average approval rate when compared to the average across all lenders. Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.10% | 11/17/24 |
| 30 Year Conventional Refi | 7.91% | 11/17/24 |
| 30 Year FHA Purchase | 6.69% | 11/17/24 |
| 15 Year Conventional Purchase | 5.69% | 11/17/24 |
| 15 Year Conventional Refi | 7.05% | 11/17/24 |
| 15 Year Cash-out Refi | 7.05% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
28Origination Dollar Volume (All Markets)
$3,040,000Relative Rate
Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia's average 30 year fixed mortgage rate was
7.36%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.88%.
Relative Fees (Closing Costs)
Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,067.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 17 | $1,995,000 | $117,353 | $11,245 | 7.33% |
| Arecibo, PR (FHA|USDA|VA) | 8 | $520,000 | $65,000 | $7,177 | 7.37% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $15,669 | 8.00% |
| PONCE, PR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $7,889 | 7.13% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against COOPERATIVA DE AHORRO Y CREDITO DR. MANUEL ZENO GANDIA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 28 | $3,040,000 | $108,571 | $10,279 | 7.38% |
For 2023, Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia's most frequently originated type of loan was Conventional, with 28 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 28 | $3,040,000 | $108,571 | $10,279 | 7.38% |
For 2023, Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia's most frequently cited loan purpose was Home Purchase, with 28 originations.
Loan Duration/Length
For 2023, Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia's most frequently cited loan duration was 30 Year, with 22 originations. The 2nd most popular length was 20 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 17 | $955,000 | $56,176 |
| $1k-2k | 6 | $690,000 | $115,000 |
| $2k-3k | 3 | $655,000 | $218,333 |
| $5k+ | 1 | $705,000 | $705,000 |
Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia's average total fees were $11,067, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 17 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 23 | $2,105,000 | $91,522 |
| 6-7% | 5 | $935,000 | $187,000 |
During 2023, Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia's average interest rate for loans was 7.36%, while their most frequently originated rate bucket for loans was 7-8%, with 23 originations.
Loan Sizing
2023 saw Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia place emphasis on $100,000 or less loans with 19 originations, totaling $1,055,000 in origination value.
Applicant Income
Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia lent most frequently to those with DTI ratios of >60%, with 11 originations. The next most common DTI ratio? 20-30%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.12%
Cooperativa De Ahorro Y Credito Dr. Manuel Zeno Gandia has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 28 | $3,040,000 | $108,571 |