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 and Cash Out Refi loans. Cooperativa De Ahorro Y Credito De Aguada has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Aguadilla, MayagÜez, San GermÁn, and Arecibo 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 De Aguada has an average approval rate when compared to the average across all lenders. Cooperativa De Ahorro Y Credito De Aguada 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 relatively high rates.
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Originations
36Origination Dollar Volume (All Markets)
$3,530,000Top 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) | 30 | $2,690,000 | $89,667 | $4,007 | 4.95% |
| MAYAGÜEZ, PR (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $7,591 | 5.88% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $5,484 | 4.55% |
| Arecibo, PR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,733 | 4.75% |
Their top states include:
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: 39
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $2,300,000 | $95,833 | $4,446 | 5.40% |
| FHA | 11 | $1,155,000 | $105,000 | $4,420 | 4.09% |
| USDA | 1 | $75,000 | $75,000 | $2,963 | 4.00% |
For 2019, Cooperativa De Ahorro Y Credito De Aguada's most frequently originated type of loan was Conventional, with 24 originations. Their 2nd most popular type was FHA, with 11 originations.
Loan Reason
For 2019, 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 Cash Out Refi, with 12 originations.
Loan Duration/Length
For 2019, Cooperativa De Ahorro Y Credito De Aguada's most frequently cited loan duration was 30 Year, with 19 originations. The 2nd most popular length was 20 Year, with 7 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 14 | $1,110,000 | $79,286 |
| $<1k | 10 | $740,000 | $74,000 |
| $3k-4k | 5 | $865,000 | $173,000 |
| $2k-3k | 3 | $365,000 | $121,667 |
Cooperativa De Ahorro Y Credito De Aguada's average total fees were $5,135, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 14 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 12 | $1,080,000 | $90,000 |
| 3-4% | 10 | $940,000 | $94,000 |
| 5-6% | 10 | $1,020,000 | $102,000 |
| 6-7% | 4 | $490,000 | $122,500 |
During 2019, Cooperativa De Ahorro Y Credito De Aguada's average interest rate for loans was 5.30%, while their most frequently originated rate bucket for loans was 4-5%, with 12 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 23 | $1,645,000 | $71,522 | $3,466 | 4.92% |
| $100k-200k | 13 | $1,885,000 | $145,000 | $6,328 | 5.04% |
2019 saw Cooperativa De Ahorro Y Credito De Aguada 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 De Aguada lent most frequently to those with incomes in the $50k or less range, with 21 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito De Aguada lent most frequently to those with DTI ratios of 42%, with 7 originations. The next most common DTI ratio? 30-36%, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 36 | $3,530,000 | $98,056 | $4,389 | 4.96% |
Approval Rates
Total approvals of all applications80.43%
Cooperativa De Ahorro Y Credito De Aguada has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1088.0 | 1 | $105,000 | $105,000 |
| 2020.0 | 1 | $105,000 | $105,000 |
| NA | 34 | $3,320,000 | $97,647 |