Cooperativa De Ahorro Y Credito Caguas Mortgage Rates, Fees & Info
Caguas,LEI: 549300611ME23N9Y4L70
Tax ID: 66-0254756
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito Caguas is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Cooperativa De Ahorro Y Credito Caguas has a high proportion of conventional loans. Their top two markets are San Juan and San GermÁn .Cooperativa De Ahorro Y Credito Caguas has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Cooperativa De Ahorro Y Credito Caguas 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 relatively high 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.90% | 4/17/25 |
| 30 Year Conventional Refi | 7.50% | 4/17/25 |
| 30 Year Cash-out Refi | 7.80% | 4/17/25 |
| 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 Caguas Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Cooperativa De Ahorro Y Credito Caguas. 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
39Origination Dollar Volume (All Markets)
$4,595,000Relative Rate
Cooperativa De Ahorro Y Credito Caguas's average 30 year fixed mortgage rate was
7.33%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.78%.
Relative Fees (Closing Costs)
Cooperativa De Ahorro Y Credito Caguas's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,421.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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) | 37 | $4,215,000 | $113,919 | $9,455 | 7.32% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $8,037 | 7.25% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against COOPERATIVA DE AHORRO Y CREDITO CAGUAS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 4
Similarity Rank: 10
Similarity Rank: 20
Similarity Rank: 48
Similarity Rank: 74
Similarity Rank: 117
Similarity Rank: 161
Similarity Rank: 184
Similarity Rank: 192
Similarity Rank: 243
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 39 | $4,595,000 | $117,821 | $9,372 | 7.32% |
For 2024, Cooperativa De Ahorro Y Credito Caguas's most frequently originated type of loan was Conventional, with 39 originations.
Loan Reason
For 2024, Cooperativa De Ahorro Y Credito Caguas's most frequently cited loan purpose was Home Purchase, with 30 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 | 37 | $4,355,000 | $117,703 | $9,421 | 7.33% |
| 15 Year | 2 | $240,000 | $120,000 | $8,591 | 7.00% |
For 2024, Cooperativa De Ahorro Y Credito Caguas's most frequently cited loan duration was 30 Year, with 37 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 19 | $3,095,000 | $162,895 |
| $4k-5k | 8 | $630,000 | $78,750 |
| $2k-3k | 3 | $135,000 | $45,000 |
| $3k-4k | 3 | $175,000 | $58,333 |
| $<1k | 1 | $225,000 | $225,000 |
Cooperativa De Ahorro Y Credito Caguas's average total fees were $9,421, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 19 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 22 | $2,520,000 | $114,545 |
| 6-7% | 16 | $2,010,000 | $125,625 |
During 2024, Cooperativa De Ahorro Y Credito Caguas's average interest rate for loans was 7.33%, while their most frequently originated rate bucket for loans was 7-8%, with 22 originations.
Loan Sizing
2024 saw Cooperativa De Ahorro Y Credito Caguas place emphasis on $100,000 or less loans with 20 originations, totaling $1,370,000 in origination value.
Applicant Income
Cooperativa De Ahorro Y Credito Caguas lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito Caguas lent most frequently to those with DTI ratios of 30-36%, with 8 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.56%
Cooperativa De Ahorro Y Credito Caguas has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.44%
Cooperativa De Ahorro Y Credito Caguas has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 39 | $4,595,000 | $117,821 |