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 and Cash Out Refi loans. Cooperativa Ahorro Y Credito Aguadilla has a high proportion of conventional loans. Their top markets by origination volume include: San Juan, Aguadilla, and San GermÁn 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
18Origination Dollar Volume (All Markets)
$2,070,000Top 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) | 8 | $990,000 | $123,750 | $7,937 | 6.03% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 9 | $965,000 | $107,222 | $5,838 | 5.58% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,940 | 5.00% |
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 | 18 | $2,070,000 | $115,000 | $6,832 | 5.75% |
For 2020, Cooperativa Ahorro Y Credito Aguadilla's most frequently originated type of loan was Conventional, with 18 originations.
Loan Reason
For 2020, Cooperativa Ahorro Y Credito Aguadilla's most frequently cited loan purpose was Home Purchase, with 9 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 13 | $1,685,000 | $129,615 | $7,648 | 5.67% |
| 20 Year | 3 | $275,000 | $91,667 | $5,502 | 5.83% |
| 15 Year | 2 | $110,000 | $55,000 | $3,529 | 6.13% |
For 2020, Cooperativa Ahorro Y Credito Aguadilla's most frequently cited loan duration was 30 Year, with 13 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 |
|---|---|---|---|
| $5k+ | 6 | $1,210,000 | $201,667 |
| $1k-2k | 5 | $285,000 | $57,000 |
| $2k-3k | 4 | $270,000 | $67,500 |
| $4k-5k | 2 | $190,000 | $95,000 |
| $3k-4k | 1 | $115,000 | $115,000 |
Cooperativa Ahorro Y Credito Aguadilla's average total fees were $7,648, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 7 | $685,000 | $97,857 |
| 4-5% | 6 | $880,000 | $146,667 |
| 5-6% | 5 | $505,000 | $101,000 |
During 2020, Cooperativa Ahorro Y Credito Aguadilla's average interest rate for loans was 5.67%, while their most frequently originated rate bucket for loans was 6-7%, with 7 originations.
Loan Sizing
2020 saw Cooperativa Ahorro Y Credito Aguadilla place emphasis on $100,000 or less loans with 10 originations, totaling $630,000 in origination value.
Applicant Income
Cooperativa Ahorro Y Credito Aguadilla lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $50k-75k, with 5 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 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 17 | $2,015,000 | $118,529 | $6,884 | 5.74% |
| Black | 1 | $55,000 | $55,000 | $5,949 | 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 | 18 | $2,070,000 | $115,000 |