Cooperativa De Ahorro Y Credito La Aiboniteña Mortgage Rates, Fees & Info
Aibonito,LEI: 5493006Q452T1FESHO34
Tax ID: 66-0213182
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito La Aiboniteña is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Cooperativa De Ahorro Y Credito La Aiboniteña has a high proportion of conventional loans. Their top markets by origination volume include: San Juan, Coamo, San GermÁn, and Ponce among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Cooperativa De Ahorro Y Credito La Aiboniteña has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Cooperativa De Ahorro Y Credito La Aiboniteña is typically a low 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 | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 5.68% | 11/21/24 |
| 15 Year Conventional Refi | 5.68% | 11/21/24 |
| 15 Year Cash-out Refi | 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 La Aiboniteña 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 La Aiboniteña. 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
18Origination Dollar Volume (All Markets)
$1,500,000Top 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) | 13 | $1,125,000 | $86,538 | $4,209 | 5.05% |
| Coamo, PR (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $3,562 | 4.33% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $15,306 | 4.25% |
| PONCE, PR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,984 | 7.75% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Cooperativa De Ahorro Y Credito La Aiboniteña based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 24
Similarity Rank: 56
Similarity Rank: 86
Similarity Rank: 141
Similarity Rank: 172
Similarity Rank: 184
Similarity Rank: 204
Similarity Rank: 300
Similarity Rank: 325
Similarity Rank: 335
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 18 | $1,500,000 | $83,333 | $4,594 | 5.04% |
For 2019, Cooperativa De Ahorro Y Credito La Aiboniteña's most frequently originated type of loan was Conventional, with 18 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 7 | $575,000 | $82,143 | $5,642 | 5.49% |
| Refi | 7 | $565,000 | $80,714 | $3,926 | 4.57% |
| Cash Out Refi | 4 | $360,000 | $90,000 | $3,928 | 5.06% |
For 2019, Cooperativa De Ahorro Y Credito La Aiboniteña's most frequently cited loan purpose was Home Purchase, with 7 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
For 2019, Cooperativa De Ahorro Y Credito La Aiboniteña's most frequently cited loan duration was 15 Year, with 7 originations. The 2nd most popular length was 30 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 8 | $420,000 | $52,500 |
| $1k-2k | 8 | $800,000 | $100,000 |
| $2k-3k | 1 | $145,000 | $145,000 |
| $5k+ | 1 | $135,000 | $135,000 |
Cooperativa De Ahorro Y Credito La Aiboniteña's average total fees were $4,164, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 11 | $1,015,000 | $92,273 |
| 5-6% | 3 | $225,000 | $75,000 |
| 3-4% | 2 | $160,000 | $80,000 |
| 6-7% | 1 | $65,000 | $65,000 |
| 7-8% | 1 | $35,000 | $35,000 |
During 2019, Cooperativa De Ahorro Y Credito La Aiboniteña's average interest rate for loans was 5.50%, while their most frequently originated rate bucket for loans was 4-5%, with 11 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 13 | $805,000 | $61,923 | $3,253 | 5.15% |
| $100k-200k | 5 | $695,000 | $139,000 | $8,080 | 4.75% |
2019 saw Cooperativa De Ahorro Y Credito La Aiboniteña place emphasis on $100,000 or less loans with 13 originations, totaling $805,000 in origination value.
Applicant Income
Cooperativa De Ahorro Y Credito La Aiboniteña lent most frequently to those with incomes in the $50k or less range, with 7 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito La Aiboniteña lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 42%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 18 | $1,500,000 | $83,333 | $4,594 | 5.04% |
Approval Rates
Total approvals of all applications91.30%
Cooperativa De Ahorro Y Credito La Aiboniteña has an average approval rate.
Pick Rate
Approvals leading to origination83.33%
Cooperativa De Ahorro Y Credito La Aiboniteña has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 18 | $1,500,000 | $83,333 |