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
20Origination Dollar Volume (All Markets)
$2,030,000Top 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% |
Their top states include:
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.
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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
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
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
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
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 applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 20 | $2,030,000 | $101,500 |