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. Their top two markets are San Juan and Ponce .Cooperativa De Ahorro Y Credito Las Piedras has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar 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% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| 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
50Origination Dollar Volume (All Markets)
$4,140,000Awards
COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS - 2022
COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS is a 2022 , due to their low .
For 2022, 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) | 49 | $4,085,000 | $83,367 | $4,594 | 4.86% |
| PONCE, PR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,762 | 6.50% |
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 | 44 | $3,470,000 | $78,864 | $4,389 | 4.98% |
| USDA | 6 | $670,000 | $111,667 | $5,921 | 4.25% |
For 2022, Cooperativa De Ahorro Y Credito Las Piedras's most frequently originated type of loan was Conventional, with 44 originations. Their 2nd most popular type was USDA, with 6 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 41 | $3,375,000 | $82,317 | $4,476 | 4.90% |
| Cash Out Refi | 7 | $525,000 | $75,000 | $4,964 | 5.25% |
| Refi | 2 | $240,000 | $120,000 | $5,237 | 3.50% |
For 2022, Cooperativa De Ahorro Y Credito Las Piedras's most frequently cited loan purpose was Home Purchase, with 41 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 | 48 | $4,040,000 | $84,167 | $4,638 | 4.92% |
| 15 Year | 2 | $100,000 | $50,000 | $3,128 | 4.38% |
For 2022, Cooperativa De Ahorro Y Credito Las Piedras's most frequently cited loan duration was 30 Year, with 48 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Cooperativa De Ahorro Y Credito Las Piedras's average total fees were $4,638, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 29 originations.
Interest Rates
During 2022, Cooperativa De Ahorro Y Credito Las Piedras's average interest rate for loans was 4.92%, while their most frequently originated rate bucket for loans was 4-5%, with 21 originations.
Loan Sizing
2022 saw Cooperativa De Ahorro Y Credito Las Piedras place emphasis on $100,000 or less loans with 41 originations, totaling $2,735,000 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 40 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 20-30%, with 8 originations. The next most common DTI ratio? <20%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.53%
Cooperativa De Ahorro Y Credito Las Piedras has an average approval rate.
Pick Rate
Approvals leading to origination70.00%
Cooperativa De Ahorro Y Credito Las Piedras has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6382.0 | 1 | $85,000 | $85,000 |
| NA | 49 | $4,055,000 | $82,755 |