Cooperativa De Ahorro Y Credito Roosevelt Roads Mortgage Rates, Fees & Info
FAJARDO,LEI: 54930076TYMG3Z3BO135
Tax ID: 66-0226689
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Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito Roosevelt Roads is a smaller mortgage company specializing in Home Purchase loans. Cooperativa De Ahorro Y Credito Roosevelt Roads has a high proportion of conventional loans. Their top markets by origination volume include: San Juan, Arecibo, 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 Roosevelt Roads 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 Roosevelt Roads 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 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 Roosevelt Roads Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
46Origination Dollar Volume (All Markets)
$3,420,000Awards
COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS - 2021
COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 43 | $3,205,000 | $74,535 | $3,708 | 4.56% |
| Outside of Metro Areas | 1 | $85,000 | $85,000 | $4,333 | 6.00% |
| Arecibo, PR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,653 | 4.00% |
| PONCE, PR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,750 | 6.75% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS 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 | 46 | $3,420,000 | $74,348 | $3,700 | 4.63% |
For 2021, Cooperativa De Ahorro Y Credito Roosevelt Roads's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 41 | $2,965,000 | $72,317 | $3,578 | 4.49% |
| Cash Out Refi | 4 | $370,000 | $92,500 | $5,153 | 5.75% |
| Refi | 1 | $85,000 | $85,000 | $2,741 | 5.95% |
For 2021, Cooperativa De Ahorro Y Credito Roosevelt Roads's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
For 2021, Cooperativa De Ahorro Y Credito Roosevelt Roads's most frequently cited loan duration was 30 Year, with 38 originations. The 2nd most popular length was 10 Year, with 3 originations.
Origination Fees/Closing Costs
Cooperativa De Ahorro Y Credito Roosevelt Roads's average total fees were $3,834, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 28 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 30 | $2,240,000 | $74,667 |
| 5-6% | 12 | $810,000 | $67,500 |
| 6-7% | 2 | $210,000 | $105,000 |
| 4-5% | 1 | $85,000 | $85,000 |
During 2021, Cooperativa De Ahorro Y Credito Roosevelt Roads's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 3-4%, with 30 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 41 | $2,815,000 | $68,659 | $3,450 | 4.65% |
| $100k-200k | 5 | $605,000 | $121,000 | $5,693 | 4.50% |
2021 saw Cooperativa De Ahorro Y Credito Roosevelt Roads place emphasis on $100,000 or less loans with 41 originations, totaling $2,815,000 in origination value.
Applicant Income
Cooperativa De Ahorro Y Credito Roosevelt Roads lent most frequently to those with incomes in the $50k or less range, with 37 originations. The second most popular income band? $50k-75k, with 5 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito Roosevelt Roads lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 40%, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 35 | $2,625,000 | $75,000 | $3,695 | 4.64% |
| Black | 11 | $795,000 | $72,273 | $3,714 | 4.59% |
Approval Rates
Total approvals of all applications91.23%
Cooperativa De Ahorro Y Credito Roosevelt Roads has an average approval rate.
Pick Rate
Approvals leading to origination86.96%
Cooperativa De Ahorro Y Credito Roosevelt Roads has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 46 | $3,420,000 | $74,348 |