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 Cash Out Refi and Home Purchase loans. Cooperativa De Ahorro Y Credito Del Valenciano has a high proportion of conventional loans. Their top (well, only) market is San Juan.Cooperativa De Ahorro Y Credito Del Valenciano 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. They typically have relatively high rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 5.68% | 11/21/24 |
| 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
5Origination Dollar Volume (All Markets)
$745,000Top 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) | 5 | $745,000 | $149,000 | $5,536 | 6.05% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 5 | $745,000 | $149,000 | $5,536 | 6.05% |
For 2018, Cooperativa De Ahorro Y Credito Del Valenciano's most frequently originated type of loan was Conventional, with 5 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 3 | $275,000 | $91,667 | $5,536 | 6.17% |
| Home Purchase | 2 | $470,000 | $235,000 | $0 | 5.88% |
For 2018, Cooperativa De Ahorro Y Credito Del Valenciano's most frequently cited loan purpose was Cash Out Refi, with 3 originations. The 2nd most popular reason was Home Purchase, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 3 | $275,000 | $91,667 | $5,536 | 6.17% |
| 30 Year | 2 | $470,000 | $235,000 | $0 | 5.88% |
For 2018, Cooperativa De Ahorro Y Credito Del Valenciano's most frequently cited loan duration was 20 Year, with 3 originations. The 2nd most popular length was 30 Year, with 2 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $145,000 | $145,000 |
Cooperativa De Ahorro Y Credito Del Valenciano's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 4 | $680,000 | $170,000 |
| 6-7% | 1 | $65,000 | $65,000 |
During 2018, Cooperativa De Ahorro Y Credito Del Valenciano's average interest rate for loans was 5.88%, while their most frequently originated rate bucket for loans was 5-6%, with 4 originations.
Loan Sizing
2018 saw Cooperativa De Ahorro Y Credito Del Valenciano place emphasis on $100,000 or less loans with 3 originations, totaling $175,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 3 | $175,000 | $58,333 | $0 | 6.17% |
| $250k+ | 1 | $425,000 | $425,000 | $0 | 5.75% |
Cooperativa De Ahorro Y Credito Del Valenciano lent most frequently to those with incomes in the $50k or less range, with 3 originations. The second most popular income band? $250k+, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 3 | $535,000 | $178,333 | $0 | 6.08% |
| 30-36% | 1 | $65,000 | $65,000 | $0 | 6.00% |
| 47% | 1 | $145,000 | $145,000 | $5,536 | 6.00% |
Cooperativa De Ahorro Y Credito Del Valenciano lent most frequently to those with DTI ratios of <20%, with 3 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 4 | $600,000 | $150,000 | $0 | 6.06% |
| Not applicable | 1 | $145,000 | $145,000 | $5,536 | 6.00% |
Approval Rates
Total approvals of all applications85.71%
Cooperativa De Ahorro Y Credito Del Valenciano has an average approval rate.
Pick Rate
Approvals leading to origination80.00%
Cooperativa De Ahorro Y Credito Del Valenciano has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5 | $745,000 | $149,000 |