Cooperativa Ahorro Y Credito Aguadilla Mortgage Rates, Fees & Info

Aguadilla,

LEI: 254900MTK16R8D6JG571

Tax ID: 66-0217489

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Mortgage Data

Review & Overview

Cooperativa Ahorro Y Credito Aguadilla is a smaller mortgage company specializing in Home Purchase loans. Cooperativa Ahorro Y Credito Aguadilla has a high proportion of conventional loans. Their top markets by origination volume include: San Juan, Aguadilla, and Santa Isabel among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cooperativa Ahorro Y Credito Aguadilla has an above average approval rate when compared to the average across all lenders. Cooperativa Ahorro Y Credito Aguadilla is typically an average 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.

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Originations

20

Origination Dollar Volume (All Markets)

$2,030,000

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) 13 $1,565,000 $120,385 $8,603 6.27%
AGUADILLA-ISABELA, PR (FHA|USDA|VA) 6 $390,000 $65,000 $4,278 6.21%
Santa Isabel, PR (FHA|USDA|VA) 1 $75,000 $75,000 $3,377 6.50%
Cooperativa Ahorro Y Credito Aguadilla's top markets include San Juan, Aguadilla, and Santa Isabel among others.

Their top states include:
  • Puerto Rico (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Cooperativa Ahorro y Credito Aguadilla based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    BANCO SANTANDER PUERTO RICO
    Similarity Rank: 184
    Cooperativa A/C Oriental
    Similarity Rank: 204
    Oriental Bank
    Similarity Rank: 300
    Banco Popular de Puerto Rico
    Similarity Rank: 325

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 20 $2,030,000 $101,500 $7,044 6.26%

    For 2019, Cooperativa Ahorro Y Credito Aguadilla's most frequently originated type of loan was Conventional, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 13 $1,645,000 $126,538 $8,636 6.17%
    Cash Out Refi 7 $385,000 $55,000 $4,089 6.43%

    For 2019, Cooperativa Ahorro Y Credito Aguadilla's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 17 $1,945,000 $114,412 $7,739 6.31%
    10 Year 1 $35,000 $35,000 $2,574 6.50%
    15 Year 1 $25,000 $25,000 $2,716 5.75%
    5 Year 1 $25,000 $25,000 $4,030 5.75%

    For 2019, Cooperativa Ahorro Y Credito Aguadilla's most frequently cited loan duration was 30 Year, with 17 originations. The 2nd most popular length was 10 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 9 $1,355,000 $150,556
    $2k-3k 4 $210,000 $52,500
    $1k-2k 3 $125,000 $41,667
    $4k-5k 3 $315,000 $105,000
    $<1k 1 $25,000 $25,000

    Cooperativa Ahorro Y Credito Aguadilla's average total fees were $7,739, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 9 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 10 $1,150,000 $115,000
    5-6% 9 $845,000 $93,889
    7-8% 1 $35,000 $35,000

    During 2019, Cooperativa Ahorro Y Credito Aguadilla's average interest rate for loans was 6.31%, while their most frequently originated rate bucket for loans was 6-7%, with 10 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 10 $530,000 $53,000 $4,138 6.35%
    $100k-200k 7 $875,000 $125,000 $8,136 6.04%
    $200k-400k 3 $625,000 $208,333 $14,184 6.50%

    2019 saw Cooperativa Ahorro Y Credito Aguadilla place emphasis on $100,000 or less loans with 10 originations, totaling $530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 11 $795,000 $72,273 $5,129 6.30%
    $75k-100k 4 $520,000 $130,000 $8,900 5.88%
    $50k-75k 3 $295,000 $98,333 $7,329 6.58%
    $100k-150k 1 $205,000 $205,000 $15,617 6.50%
    $150k-250k 1 $215,000 $215,000 $11,265 6.25%

    Cooperativa Ahorro Y Credito Aguadilla lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $75k-100k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 4 $460,000 $115,000 $7,365 5.88%
    30-36% 3 $365,000 $121,667 $9,281 6.75%
    <20% 3 $205,000 $68,333 $4,674 6.25%
    39% 2 $320,000 $160,000 $12,186 6.50%
    50-60% 2 $200,000 $100,000 $6,872 6.00%
    44% 1 $25,000 $25,000 $2,716 5.75%
    >60% 1 $75,000 $75,000 $3,377 6.50%
    37% 1 $135,000 $135,000 $10,793 6.00%
    40% 1 $135,000 $135,000 $6,620 6.50%
    41% 1 $45,000 $45,000 $4,250 6.25%
    43% 1 $65,000 $65,000 $3,699 6.75%

    Cooperativa Ahorro Y Credito Aguadilla lent most frequently to those with DTI ratios of 20-30%, with 4 originations. The next most common DTI ratio? 30-36%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 19 $1,905,000 $100,263 $6,930 6.28%
    Black 1 $125,000 $125,000 $9,226 6.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Cooperativa Ahorro Y Credito Aguadilla has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 20 $2,030,000 $101,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 20 $2,030,000 $101,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $130,000 $32,500 $3,499 6.38%
    40-60% 1 $65,000 $65,000 $3,699 6.75%
    60-80% 5 $575,000 $115,000 $8,022 6.10%
    80-100% 10 $1,260,000 $126,000 $8,309 6.25%