Cooperativa De Ahorro Y Credito Las Piedras Mortgage Rates, Fees & Info
Las Piedras,LEI: 5493000DYWSEQXSQ3736
Tax ID: 66-0313273
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Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito Las Piedras is a smaller mortgage company specializing in Home Purchase loans. Cooperativa De Ahorro Y Credito Las Piedras has a high proportion of conventional loans. They also have a high ratio of USDA loans. Their top two markets are San Juan and Guayama .Cooperativa De Ahorro Y Credito Las Piedras has an average approval rate when compared to the average across all lenders. Cooperativa De Ahorro Y Credito Las Piedras is typically a low 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 about average 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 | 6.27% | 4/28/24 |
| 30 Year Conventional Refi | 6.27% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 30 Year USDA Purchase | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 15 Year Conventional Refi | 5.68% | 4/28/24 |
| 15 Year Cash-out Refi | 5.68% | 4/28/24 |
| 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 Las Piedras Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
26Origination Dollar Volume (All Markets)
$2,770,000Awards
COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS - 2018
COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 25 | $2,715,000 | $108,600 | $4,102 | 4.77% |
| GUAYAMA, PR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,764 | 4.50% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS 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 | 15 | $1,545,000 | $103,000 | $3,336 | 5.10% |
| USDA | 11 | $1,225,000 | $111,364 | $5,026 | 4.30% |
For 2018, Cooperativa De Ahorro Y Credito Las Piedras's most frequently originated type of loan was Conventional, with 15 originations. Their 2nd most popular type was USDA, with 11 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 20 | $1,900,000 | $95,000 | $4,360 | 4.68% |
| Cash Out Refi | 4 | $320,000 | $80,000 | $3,712 | 5.22% |
| Refi | 2 | $550,000 | $275,000 | $1,640 | 4.60% |
For 2018, Cooperativa De Ahorro Y Credito Las Piedras's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 24 | $2,630,000 | $109,583 | $4,141 | 4.72% |
| 10 Year | 1 | $65,000 | $65,000 | $2,967 | 5.25% |
| 20 Year | 1 | $75,000 | $75,000 | $2,974 | 5.13% |
For 2018, Cooperativa De Ahorro Y Credito Las Piedras's most frequently cited loan duration was 30 Year, with 24 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 |
|---|---|---|---|
| $1k-2k | 12 | $950,000 | $79,167 |
| $<1k | 8 | $1,070,000 | $133,750 |
| $2k-3k | 4 | $440,000 | $110,000 |
| $3k-4k | 2 | $310,000 | $155,000 |
Cooperativa De Ahorro Y Credito Las Piedras's average total fees were $4,141, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 12 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 13 | $1,645,000 | $126,538 |
| 5-6% | 10 | $780,000 | $78,000 |
| 3-4% | 3 | $345,000 | $115,000 |
During 2018, Cooperativa De Ahorro Y Credito Las Piedras's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 13 originations.
Loan Sizing
2018 saw Cooperativa De Ahorro Y Credito Las Piedras place emphasis on $100,000 or less loans with 14 originations, totaling $1,010,000 in origination value.
Applicant Income
Cooperativa De Ahorro Y Credito Las Piedras lent most frequently to those with incomes in the $50k or less range, with 21 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito Las Piedras lent most frequently to those with DTI ratios of 30-36%, with 10 originations. The next most common DTI ratio? 20-30%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 26 | $2,770,000 | $106,538 | $4,051 | 4.76% |
Approval Rates
Total approvals of all applications86.67%
Cooperativa De Ahorro Y Credito Las Piedras has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 26 | $2,770,000 | $106,538 |