E.m.i. Equity Mortgage Rates, Fees & Info

SAN JUAN,

LEI: 54930050YUB4R3ZKAI03

Tax ID: 66-0427030

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    E.m.i. Equity Mortgage is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. E.m.i. Equity Mortgage has an average proportion of conventional loans. Their top markets by origination volume include: San Juan, Aguadilla, Arecibo, San GermÁn, and Ponce among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    E.m.i. Equity Mortgage 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. E.m.i. Equity Mortgage is typically an average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year FHA Purchase 10.62% 11/21/24
    30 Year FHA Refi 11.57% 11/21/24
    30 Year VA Purchase 8.76% 11/21/24
    30 Year USDA Purchase 10.05% 11/21/24
    30 Year USDA Refi 9.61% 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.

    E.m.i. Equity Mortgage Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from E.m.i. Equity Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    332

    Origination Dollar Volume (All Markets)

    $39,730,000

    Awards

    E.M.I. EQUITY MORTGAGE FHA Loans gold
    Show all (1) awards

    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) 292 $35,780,000 $122,534 $5,957 4.54%
    AGUADILLA-ISABELA, PR (FHA|USDA|VA) 8 $1,010,000 $126,250 $5,980 4.72%
    Arecibo, PR (FHA|USDA|VA) 9 $805,000 $89,444 $4,136 4.44%
    SAN GERMÁN, PR (FHA|USDA|VA) 7 $645,000 $92,143 $4,354 4.50%
    PONCE, PR (FHA|USDA|VA) 7 $645,000 $92,143 $3,988 4.43%
    MAYAGÜEZ, PR (FHA|USDA|VA) 3 $295,000 $98,333 $4,407 4.58%
    GUAYAMA, PR (FHA|USDA|VA) 3 $245,000 $81,667 $4,826 5.00%
    Santa Isabel, PR (FHA|USDA|VA) 1 $155,000 $155,000 $6,802 5.00%
    Coamo, PR (FHA|USDA|VA) 1 $85,000 $85,000 $3,189 3.75%
    Coco, PR (FHA|USDA|VA) 1 $65,000 $65,000 $3,240 5.25%
    E.m.i. Equity Mortgage's top markets include San Juan, Aguadilla, Arecibo, San GermÁn, and Ponce among others.

    Their top states include:
  • Puerto Rico (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against E.M.I. EQUITY MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS
    Similarity Rank: 12
    Cooperativa A/C Oriental
    Similarity Rank: 48
    COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC.
    Similarity Rank: 54
    BANCO SANTANDER PUERTO RICO
    Similarity Rank: 90
    Cooperativa De Credito Y Ahorro San Jose
    Similarity Rank: 92
    Cooperativa A/C de Arecibo
    Similarity Rank: 108
    COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA
    Similarity Rank: 111
    LATIN AMERICAN FINANCIAL CORPORATION
    Similarity Rank: 184
    Scotiabank de Puerto Rico
    Similarity Rank: 312
    The Lending Center Corporation
    Similarity Rank: 368

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 247 $27,935,000 $113,097 $5,411 4.56%
    USDA 40 $4,990,000 $124,750 $5,936 4.45%
    VA 29 $4,085,000 $140,862 $6,483 4.71%
    Conventional 16 $2,720,000 $170,000 $10,108 4.23%

    For 2018, E.m.i. Equity Mortgage's most frequently originated type of loan was FHA, with 247 originations. Their 2nd most popular type was USDA, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 268 $33,080,000 $123,433 $6,055 4.63%
    Refi 49 $5,155,000 $105,204 $4,111 4.06%
    Cash Out Refi 15 $1,495,000 $99,667 $6,639 4.50%

    For 2018, E.m.i. Equity Mortgage's most frequently cited loan purpose was Home Purchase, with 268 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 284 $34,470,000 $121,373 $5,945 4.61%
    Other 32 $3,270,000 $102,188 $3,621 4.05%
    15 Year 13 $1,505,000 $115,769 $6,670 4.38%
    20 Year 3 $485,000 $161,667 $10,901 4.08%

    For 2018, E.m.i. Equity Mortgage's most frequently cited loan duration was 30 Year, with 284 originations. The 2nd most popular length was Other, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 210 $22,100,000 $105,238
    $1k-2k 78 $10,590,000 $135,769
    $2k-3k 27 $3,675,000 $136,111
    $3k-4k 6 $1,040,000 $173,333
    $5k+ 6 $1,440,000 $240,000
    $4k-5k 5 $885,000 $177,000

    E.m.i. Equity Mortgage's average total fees were $5,945, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 210 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 248 $30,030,000 $121,089
    3-4% 53 $6,545,000 $123,491
    5-6% 31 $3,155,000 $101,774

    During 2018, E.m.i. Equity Mortgage's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 248 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 168 $22,860,000 $136,071 $6,349 4.46%
    $100,000 or less 140 $10,890,000 $77,786 $4,265 4.65%
    $200k-400k 23 $5,565,000 $241,957 $10,557 4.52%
    $400k-600k 1 $415,000 $415,000 $17,170 4.25%

    2018 saw E.m.i. Equity Mortgage place emphasis on $100k-200k loans with 168 originations, totaling $22,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 235 $23,955,000 $101,936 $4,945 4.56%
    $50k-75k 56 $8,270,000 $147,679 $6,903 4.53%
    $75k-100k 23 $3,705,000 $161,087 $7,709 4.53%
    $100k-150k 11 $2,115,000 $192,273 $9,496 4.40%
    $150k-250k 4 $740,000 $185,000 $11,169 4.22%
    $250k+ 3 $945,000 $315,000 $16,259 4.58%

    E.m.i. Equity Mortgage lent most frequently to those with incomes in the $50k or less range, with 235 originations. The second most popular income band? $50k-75k, with 56 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 58 $6,210,000 $107,069 $5,581 4.57%
    <20% 54 $6,040,000 $111,852 $4,587 4.18%
    50-60% 42 $5,860,000 $139,524 $6,408 4.72%
    20-30% 37 $4,615,000 $124,730 $6,486 4.48%
    40% 14 $1,620,000 $115,714 $5,909 4.74%
    43% 14 $1,740,000 $124,286 $5,822 4.77%
    >60% 12 $1,570,000 $130,833 $7,060 4.56%
    41% 12 $1,600,000 $133,333 $6,466 4.56%
    44% 12 $1,190,000 $99,167 $5,392 4.69%
    38% 10 $1,330,000 $133,000 $6,686 4.55%
    45% 10 $850,000 $85,000 $4,562 4.70%
    36% 8 $880,000 $110,000 $5,934 4.44%
    47% 8 $1,100,000 $137,500 $6,828 4.45%
    48% 7 $835,000 $119,286 $5,598 4.71%
    39% 6 $670,000 $111,667 $4,465 4.67%
    37% 4 $730,000 $182,500 $9,443 4.44%
    42% 4 $460,000 $115,000 $5,251 4.38%
    46% 3 $385,000 $128,333 $6,645 4.42%
    49% 2 $280,000 $140,000 $7,137 4.00%

    E.m.i. Equity Mortgage lent most frequently to those with DTI ratios of 30-36%, with 58 originations. The next most common DTI ratio? <20%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 307 $37,065,000 $120,733 $5,840 4.52%
    Black 24 $2,480,000 $103,333 $5,057 4.82%
    Not applicable 1 $185,000 $185,000 $9,589 4.75%

    Approval Rates

    Total approvals of all applications
    80.41%

    E.m.i. Equity Mortgage has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.71%

    E.m.i. Equity Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 332 $39,730,000 $119,669

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 332 $39,730,000 $119,669

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $100,000 $50,000 $2,413 4.25%
    40-60% 10 $670,000 $67,000 $4,442 4.79%
    60-80% 60 $5,680,000 $94,667 $5,081 4.48%
    80-100% 233 $29,645,000 $127,232 $6,005 4.52%
    Over 100% 18 $2,490,000 $138,333 $6,593 4.74%