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 two markets are San Juan and Ponce .Cooperativa De Ahorro Y Credito Caguas has an average approval rate when compared to the average across all lenders. They have an above 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% | 11/22/24 |
| 30 Year Conventional Refi | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 5.68% | 11/22/24 |
| 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
20Origination Dollar Volume (All Markets)
$2,040,000Top 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) | 19 | $2,015,000 | $106,053 | $0 | 6.00% |
| PONCE, PR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.75% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 20 | $2,040,000 | $102,000 | $0 | 6.04% |
For 2022, Cooperativa De Ahorro Y Credito Caguas's most frequently originated type of loan was Conventional, with 20 originations.
Loan Reason
For 2022, Cooperativa De Ahorro Y Credito Caguas's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Home Improvement, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 16 | $1,820,000 | $113,750 | $0 | 5.84% |
| 15 Year | 3 | $145,000 | $48,333 | $0 | 6.58% |
| 20 Year | 1 | $75,000 | $75,000 | $0 | 7.50% |
For 2022, Cooperativa De Ahorro Y Credito Caguas's most frequently cited loan duration was 30 Year, with 16 originations. The 2nd most popular length was 15 Year, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 14 | $1,670,000 | $119,286 |
| 6-7% | 3 | $185,000 | $61,667 |
| 7-8% | 3 | $185,000 | $61,667 |
During 2022, Cooperativa De Ahorro Y Credito Caguas's average interest rate for loans was 5.84%, while their most frequently originated rate bucket for loans was 5-6%, with 14 originations.
Loan Sizing
2022 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 9 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito Caguas lent most frequently to those with DTI ratios of <20%, with 7 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 20 | $2,040,000 | $102,000 | $0 | 6.04% |
Approval Rates
Total approvals of all applications87.50%
Cooperativa De Ahorro Y Credito Caguas has an average approval rate.
Pick Rate
Approvals leading to origination95.00%
Cooperativa De Ahorro Y Credito Caguas has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 20 | $2,040,000 | $102,000 |