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 (well, only) market is San Juan.Cooperativa De Ahorro Y Credito Roosevelt Roads has an 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 an average 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% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 30 Year USDA Purchase | 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 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
32Origination Dollar Volume (All Markets)
$3,050,000Awards
COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS - 2022
COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS is a 2022 , due to their low .
For 2022, 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) | 32 | $3,050,000 | $95,313 | $5,643 | 5.02% |
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 | 32 | $3,050,000 | $95,313 | $5,643 | 5.02% |
For 2022, Cooperativa De Ahorro Y Credito Roosevelt Roads's most frequently originated type of loan was Conventional, with 32 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 24 | $2,370,000 | $98,750 | $5,876 | 4.80% |
| Cash Out Refi | 6 | $560,000 | $93,333 | $4,991 | 5.79% |
| Refi | 2 | $120,000 | $60,000 | $3,959 | 5.50% |
For 2022, Cooperativa De Ahorro Y Credito Roosevelt Roads's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
For 2022, Cooperativa De Ahorro Y Credito Roosevelt Roads's most frequently cited loan duration was 30 Year, with 26 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $3k-4k | 13 | $1,145,000 | $88,077 |
| $2k-3k | 11 | $815,000 | $74,091 |
| $5k+ | 3 | $615,000 | $205,000 |
| $1k-2k | 2 | $90,000 | $45,000 |
| $4k-5k | 2 | $300,000 | $150,000 |
Cooperativa De Ahorro Y Credito Roosevelt Roads's average total fees were $5,937, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 13 | $1,245,000 | $95,769 |
| 3-4% | 9 | $745,000 | $82,778 |
| 4-5% | 6 | $710,000 | $118,333 |
| 6-7% | 3 | $265,000 | $88,333 |
During 2022, Cooperativa De Ahorro Y Credito Roosevelt Roads's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 5-6%, with 13 originations.
Loan Sizing
2022 saw Cooperativa De Ahorro Y Credito Roosevelt Roads place emphasis on $100,000 or less loans with 23 originations, totaling $1,645,000 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 26 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito Roosevelt Roads lent most frequently to those with DTI ratios of 30-36%, with 9 originations. The next most common DTI ratio? 43%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 22 | $2,200,000 | $100,000 | $5,711 | 4.95% |
| Black | 10 | $850,000 | $85,000 | $5,477 | 5.17% |
Approval Rates
Total approvals of all applications73.58%
Cooperativa De Ahorro Y Credito Roosevelt Roads has a below average approval rate.
Pick Rate
Approvals leading to origination84.38%
Cooperativa De Ahorro Y Credito Roosevelt Roads has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 32 | $3,050,000 | $95,313 |