Cooperativa De Ahorro Y Credito Del Valenciano Mortgage Rates, Fees & Info
Juncos,LEI: 5493004PU0PDR2NUYN54
Tax ID: 66-0228613
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Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito Del Valenciano is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Cooperativa De Ahorro Y Credito Del Valenciano has a high proportion of conventional loans. Their top two markets are San Juan and San GermÁn .Cooperativa De Ahorro Y Credito Del Valenciano has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 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 Del Valenciano Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
14Origination Dollar Volume (All Markets)
$1,980,000Relative Rate
Cooperativa De Ahorro Y Credito Del Valenciano's average 30 year fixed mortgage rate was
5.97%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.51%.
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) | 13 | $1,775,000 | $136,538 | $0 | 6.04% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 14 | $1,980,000 | $141,429 | $0 | 6.04% |
For 2023, Cooperativa De Ahorro Y Credito Del Valenciano's most frequently originated type of loan was Conventional, with 14 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 13 | $1,575,000 | $121,154 | $0 | 6.04% |
| Cash Out Refi | 1 | $405,000 | $405,000 | $0 | 6.00% |
For 2023, Cooperativa De Ahorro Y Credito Del Valenciano's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 8 | $1,240,000 | $155,000 | $0 | 5.97% |
| 30+ year | 4 | $640,000 | $160,000 | $0 | 6.13% |
| 15 Year | 2 | $100,000 | $50,000 | $0 | 6.13% |
For 2023, Cooperativa De Ahorro Y Credito Del Valenciano's most frequently cited loan duration was 30 Year, with 8 originations. The 2nd most popular length was 30+ year, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 7 | $1,165,000 | $166,429 |
| 6-7% | 6 | $710,000 | $118,333 |
| 4-5% | 1 | $105,000 | $105,000 |
During 2023, Cooperativa De Ahorro Y Credito Del Valenciano's average interest rate for loans was 5.97%, while their most frequently originated rate bucket for loans was 5-6%, with 7 originations.
Loan Sizing
2023 saw Cooperativa De Ahorro Y Credito Del Valenciano place emphasis on $100k-200k loans with 7 originations, totaling $915,000 in origination value.
Applicant Income
Cooperativa De Ahorro Y Credito Del Valenciano lent most frequently to those with incomes in the $50k or less range, with 6 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito Del Valenciano lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? <20%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 14 | $1,980,000 | $141,429 | $0 | 6.04% |
Approval Rates
Total approvals of all applications90.00%
Cooperativa De Ahorro Y Credito Del Valenciano has an average approval rate.
Pick Rate
Approvals leading to origination71.43%
Cooperativa De Ahorro Y Credito Del Valenciano has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 14 | $1,980,000 | $141,429 |