Cooperativa De Ahorro Y Credito De Aguada Mortgage Rates, Fees & Info

Aguada,

LEI: 549300BGJTHEIKSJJS77

Tax ID: 66-0217490

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Cooperativa De Ahorro Y Credito De Aguada is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Cooperativa De Ahorro Y Credito De Aguada has a high proportion of conventional loans. Their top two markets are Aguadilla and San Juan .

    Cooperativa De Ahorro Y Credito De Aguada 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 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 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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    Originations

    27

    Origination Dollar Volume (All Markets)

    $2,955,000

    Awards

    COOPERATIVA DE AHORRO Y CREDITO DE AGUADA 30 Year Conventional Loans bronze
    Show all (1) awards

    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
    AGUADILLA-ISABELA, PR (FHA|USDA|VA) 26 $2,810,000 $108,077 $4,389 4.46%
    SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) 1 $145,000 $145,000 $6,336 6.50%
    Cooperativa De Ahorro Y Credito De Aguada's top markets include Aguadilla and San Juan among others.

    Their top states include:
  • Puerto Rico (FHA|USDA|VA)

    • 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.

    COOPERATIVA DE AHORRO Y CREDITO DE AGUADA
    Similarity Rank: 14
    Cooperativa de Ahorro y Credito de Rincon
    Similarity Rank: 72
    THE MONEY HOUSE INC.
    Similarity Rank: 110
    Oriental Bank
    Similarity Rank: 154
    Banco Popular de Puerto Rico
    Similarity Rank: 182
    FIRSTBANK PUERTO RICO
    Similarity Rank: 418
    CALCON MUTUAL MORTGAGE LLC
    Similarity Rank: 1872

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 26 $2,710,000 $104,231 $4,179 4.56%
    USDA 1 $245,000 $245,000 $11,809 4.00%

    For 2020, Cooperativa De Ahorro Y Credito De Aguada's most frequently originated type of loan was Conventional, with 26 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 13 $1,215,000 $93,462 $4,136 4.52%
    Cash Out Refi 7 $785,000 $112,143 $3,811 4.96%
    Refi 6 $710,000 $118,333 $4,700 4.17%
    Other 1 $245,000 $245,000 $11,809 4.00%

    For 2020, Cooperativa De Ahorro Y Credito De Aguada's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 17 $2,055,000 $120,882 $4,865 4.60%
    15 Year 4 $320,000 $80,000 $3,798 3.25%
    20 Year 3 $175,000 $58,333 $2,502 5.90%
    Other 2 $190,000 $95,000 $3,889 4.63%
    30+ year 1 $215,000 $215,000 $7,263 4.25%

    For 2020, Cooperativa De Ahorro Y Credito De Aguada's most frequently cited loan duration was 30 Year, with 17 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 14 $1,530,000 $109,286
    $<1k 7 $345,000 $49,286
    $2k-3k 4 $620,000 $155,000
    $4k-5k 2 $460,000 $230,000

    Cooperativa De Ahorro Y Credito De Aguada's average total fees were $4,865, 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% 15 $1,685,000 $112,333
    5-6% 5 $475,000 $95,000
    3-4% 2 $290,000 $145,000
    <2.5% 2 $220,000 $110,000
    2.5-3% 1 $115,000 $115,000
    6-7% 1 $145,000 $145,000
    7-8% 1 $25,000 $25,000

    During 2020, Cooperativa De Ahorro Y Credito De Aguada's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 15 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 14 $1,690,000 $120,714 $4,413 4.39%
    $100,000 or less 10 $560,000 $56,000 $3,296 4.85%
    $200k-400k 3 $705,000 $235,000 $8,571 4.17%

    2020 saw Cooperativa De Ahorro Y Credito De Aguada place emphasis on $100k-200k loans with 14 originations, totaling $1,690,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 14 $1,360,000 $97,143 $4,255 4.69%
    $50k-75k 8 $970,000 $121,250 $4,586 4.44%
    $75k-100k 4 $380,000 $95,000 $4,390 4.25%
    $100k-150k 1 $245,000 $245,000 $6,640 4.25%

    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? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 6 $850,000 $141,667 $4,781 4.54%
    20-30% 4 $300,000 $75,000 $3,793 5.00%
    43% 4 $240,000 $60,000 $3,073 4.86%
    36% 3 $475,000 $158,333 $7,214 3.92%
    38% 2 $160,000 $80,000 $2,566 4.88%
    42% 2 $220,000 $110,000 $4,642 3.25%
    40% 2 $190,000 $95,000 $4,406 5.38%
    44% 1 $125,000 $125,000 $3,420 4.25%
    39% 1 $215,000 $215,000 $7,263 4.25%
    41% 1 $105,000 $105,000 $4,364 4.25%
    <20% 1 $75,000 $75,000 $4,381 4.25%

    Cooperativa De Ahorro Y Credito De Aguada lent most frequently to those with DTI ratios of 30-36%, with 6 originations. The next most common DTI ratio? 20-30%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 27 $2,955,000 $109,444 $4,461 4.54%

    Approval Rates

    Total approvals of all applications
    84.09%

    Cooperativa De Ahorro Y Credito De Aguada has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.96%

    Cooperativa De Ahorro Y Credito De Aguada has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 27 $2,955,000 $109,444

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 27 $2,955,000 $109,444

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $25,000 $25,000 $1,378 4.25%
    40-60% 2 $200,000 $100,000 $3,900 4.25%
    60-80% 13 $1,375,000 $105,769 $4,540 4.38%
    80-100% 10 $1,140,000 $114,000 $4,499 4.85%
    Over 100% 1 $215,000 $215,000 $7,263 4.25%