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 and 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 typically have about average rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/28/24 |
| 30 Year Conventional Refi | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 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
21Origination Dollar Volume (All Markets)
$2,075,000Top 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) | 20 | $1,950,000 | $97,500 | $0 | 4.47% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.00% |
Their top states include:
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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 | 21 | $2,075,000 | $98,810 | $0 | 4.40% |
For 2021, Cooperativa De Ahorro Y Credito Caguas's most frequently originated type of loan was Conventional, with 21 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 11 | $985,000 | $89,545 | $0 | 4.54% |
| Refi | 6 | $780,000 | $130,000 | $0 | 3.58% |
| Cash Out Refi | 4 | $310,000 | $77,500 | $0 | 5.25% |
For 2021, Cooperativa De Ahorro Y Credito Caguas's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
For 2021, Cooperativa De Ahorro Y Credito Caguas's most frequently cited loan duration was 15 Year, with 9 originations. The 2nd most popular length was 30 Year, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 7 | $715,000 | $102,143 |
| 2.5-3% | 6 | $590,000 | $98,333 |
| 5-6% | 6 | $650,000 | $108,333 |
| 6-7% | 1 | $95,000 | $95,000 |
| 7-8% | 1 | $25,000 | $25,000 |
During 2021, Cooperativa De Ahorro Y Credito Caguas's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 3-4%, with 7 originations.
Loan Sizing
2021 saw Cooperativa De Ahorro Y Credito Caguas place emphasis on $100,000 or less loans with 11 originations, totaling $745,000 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 12 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito Caguas lent most frequently to those with DTI ratios of <20%, with 6 originations. The next most common DTI ratio? 20-30%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 21 | $2,075,000 | $98,810 | $0 | 4.40% |
Approval Rates
Total approvals of all applications96.15%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 21 | $2,075,000 | $98,810 |