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, San GermÁn, and Arecibo among others. We have data for 4 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 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.
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Originations
30Origination Dollar Volume (All Markets)
$5,140,000Top 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) | 18 | $3,540,000 | $196,667 | $10,557 | 5.35% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 8 | $940,000 | $117,500 | $5,994 | 4.92% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $13,427 | 5.17% |
| Arecibo, PR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $7,493 | 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 | 30 | $5,140,000 | $171,333 | $9,525 | 5.25% |
For 2021, Cooperativa Ahorro Y Credito Aguadilla's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 28 | $4,710,000 | $168,214 | $9,453 | 5.28% |
| Cash Out Refi | 2 | $430,000 | $215,000 | $10,536 | 4.85% |
For 2021, Cooperativa Ahorro Y Credito Aguadilla's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.
Loan Duration/Length
For 2021, Cooperativa Ahorro Y Credito Aguadilla's most frequently cited loan duration was 30 Year, with 25 originations. The 2nd most popular length was 20 Year, with 3 originations.
Origination Fees/Closing Costs
Cooperativa Ahorro Y Credito Aguadilla's average total fees were $9,726, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 11 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 14 | $2,920,000 | $208,571 |
| 5-6% | 9 | $1,195,000 | $132,778 |
| 6-7% | 6 | $720,000 | $120,000 |
| 3-4% | 1 | $305,000 | $305,000 |
During 2021, Cooperativa Ahorro Y Credito Aguadilla's average interest rate for loans was 5.37%, while their most frequently originated rate bucket for loans was 4-5%, with 14 originations.
Loan Sizing
2021 saw Cooperativa Ahorro Y Credito Aguadilla place emphasis on $100,000 or less loans with 13 originations, totaling $1,055,000 in origination value.
Applicant Income
Cooperativa Ahorro Y Credito Aguadilla lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $75k-100k, with 6 originations.
Applicant Debt to Income Ratio
Cooperativa Ahorro Y Credito Aguadilla lent most frequently to those with DTI ratios of 20-30%, with 10 originations. The next most common DTI ratio? 37%, with 3 originations.
Ethnicity Mix
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 | 30 | $5,140,000 | $171,333 |