Cooperativa De Ahorro Y Credito De Aguada Mortgage Rates, Fees & Info
Aguada,LEI: 549300BGJTHEIKSJJS77
Tax ID: 66-0217490
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Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito De Aguada is a smaller mortgage company specializing in Home Purchase loans. Cooperativa De Ahorro Y Credito De Aguada has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Aguadilla, MayagÜez, and San Juan among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Cooperativa De Ahorro Y Credito De Aguada has a below average approval rate when compared to the average across all lenders. Cooperativa De Ahorro Y Credito De Aguada is typically a high 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.
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Originations
24Origination Dollar Volume (All Markets)
$1,910,000Top 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 |
|---|---|---|---|---|---|
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 21 | $1,645,000 | $78,333 | $7,863 | 5.17% |
| MAYAGÜEZ, PR (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $4,873 | 4.88% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against COOPERATIVA DE AHORRO Y CREDITO DE AGUADA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 36
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 20 | $1,430,000 | $71,500 | $3,909 | 5.24% |
| FHA | 2 | $170,000 | $85,000 | $72,104 | 4.50% |
| USDA | 2 | $310,000 | $155,000 | $0 | 5.25% |
For 2018, Cooperativa De Ahorro Y Credito De Aguada's most frequently originated type of loan was Conventional, with 20 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2018, Cooperativa De Ahorro Y Credito De Aguada's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
For 2018, Cooperativa De Ahorro Y Credito De Aguada's most frequently cited loan duration was 30 Year, with 11 originations. The 2nd most popular length was 15 Year, with 8 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 13 | $915,000 | $70,385 |
| $<1k | 3 | $115,000 | $38,333 |
| $2k-3k | 1 | $155,000 | $155,000 |
| $3k-4k | 1 | $165,000 | $165,000 |
Cooperativa De Ahorro Y Credito De Aguada's average total fees were $13,014, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 12 | $1,030,000 | $85,833 |
| 5-6% | 7 | $465,000 | $66,429 |
| 3-4% | 2 | $160,000 | $80,000 |
| 6-7% | 2 | $220,000 | $110,000 |
During 2018, Cooperativa De Ahorro Y Credito De Aguada's average interest rate for loans was 5.39%, while their most frequently originated rate bucket for loans was 4-5%, with 12 originations.
Loan Sizing
2018 saw Cooperativa De Ahorro Y Credito De Aguada place emphasis on $100,000 or less loans with 21 originations, totaling $1,355,000 in origination value.
Applicant Income
Cooperativa De Ahorro Y Credito De Aguada lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $75k-100k, with 5 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito De Aguada lent most frequently to those with DTI ratios of 42%, with 4 originations. The next most common DTI ratio? 20-30%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 23 | $1,835,000 | $79,783 | $3,909 | 5.18% |
| Black | 1 | $75,000 | $75,000 | $72,104 | 5.00% |
Approval Rates
Total approvals of all applications67.57%
Cooperativa De Ahorro Y Credito De Aguada has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 24 | $1,910,000 | $79,583 |