Cooperativa De Ahorro Y Credito Caguas Mortgage Rates, Fees & Info
Caguas,LEI: 549300611ME23N9Y4L70
Tax ID: 66-0254756
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Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito Caguas is a smaller mortgage company specializing in Home Purchase loans. Cooperativa De Ahorro Y Credito Caguas has a high proportion of conventional loans. Their top (well, only) market is San Juan.Cooperativa De Ahorro Y Credito Caguas has an average approval rate when compared to the average across all lenders. They have an 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 |
| 30 Year Conventional Refi | 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 Caguas Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
11Origination Dollar Volume (All Markets)
$575,000Top 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) | 11 | $575,000 | $52,273 | $0 | 6.54% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 11 | $575,000 | $52,273 | $0 | 6.54% |
For 2018, Cooperativa De Ahorro Y Credito Caguas's most frequently originated type of loan was Conventional, with 11 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 8 | $470,000 | $58,750 | $0 | 6.50% |
| Cash Out Refi | 3 | $105,000 | $35,000 | $0 | 6.66% |
For 2018, Cooperativa De Ahorro Y Credito Caguas's most frequently cited loan purpose was Home Purchase, with 8 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
For 2018, Cooperativa De Ahorro Y Credito Caguas's most frequently cited loan duration was 30 Year, with 5 originations. The 2nd most popular length was 15 Year, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 6 | $400,000 | $66,667 |
| 5-6% | 3 | $145,000 | $48,333 |
| 7-8% | 1 | $15,000 | $15,000 |
| Over 8% | 1 | $15,000 | $15,000 |
During 2018, Cooperativa De Ahorro Y Credito Caguas's average interest rate for loans was 6.30%, while their most frequently originated rate bucket for loans was 6-7%, with 6 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 10 | $460,000 | $46,000 | $0 | 6.55% |
| $100k-200k | 1 | $115,000 | $115,000 | $0 | 6.50% |
2018 saw Cooperativa De Ahorro Y Credito Caguas place emphasis on $100,000 or less loans with 10 originations, totaling $460,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 9 | $505,000 | $56,111 | $0 | 6.55% |
| $50k-75k | 2 | $70,000 | $35,000 | $0 | 6.50% |
Cooperativa De Ahorro Y Credito Caguas lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $50k-75k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 5 | $275,000 | $55,000 | $0 | 6.10% |
| <20% | 4 | $220,000 | $55,000 | $0 | 6.50% |
| 30-36% | 1 | $15,000 | $15,000 | $0 | 8.99% |
Cooperativa De Ahorro Y Credito Caguas lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? <20%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 10 | $540,000 | $54,000 | $0 | 6.55% |
| Black | 1 | $35,000 | $35,000 | $0 | 6.50% |
Approval Rates
Total approvals of all applications85.71%
Cooperativa De Ahorro Y Credito Caguas has an average approval rate.
Pick Rate
Approvals leading to origination90.91%
Cooperativa De Ahorro Y Credito Caguas has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 180.0 | 1 | $15,000 | $15,000 |
| NA | 10 | $560,000 | $56,000 |