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 Refi loans. Cooperativa De Ahorro Y Credito De Aguada has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Aguadilla, MayagÜez, San GermÁn, San Juan, and Arecibo among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Cooperativa De Ahorro Y Credito De Aguada 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 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.
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Originations
29Origination Dollar Volume (All Markets)
$4,535,000Top 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) | 23 | $3,745,000 | $162,826 | $5,157 | 3.89% |
| MAYAGÜEZ, PR (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,586 | 3.56% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $3,614 | 5.75% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $9,255 | 4.25% |
| Arecibo, PR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,782 | 4.25% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 28 | $4,410,000 | $157,500 | $4,993 | 4.01% |
| USDA | 1 | $125,000 | $125,000 | $9,255 | 4.25% |
For 2021, Cooperativa De Ahorro Y Credito De Aguada's most frequently originated type of loan was Conventional, with 28 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2021, Cooperativa De Ahorro Y Credito De Aguada's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
For 2021, 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 Other, with 6 originations.
Origination Fees/Closing Costs
Cooperativa De Ahorro Y Credito De Aguada's average total fees were $5,172, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 11 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 17 | $2,465,000 | $145,000 |
| 2.5-3% | 8 | $1,500,000 | $187,500 |
| 5-6% | 2 | $240,000 | $120,000 |
| 3-4% | 1 | $215,000 | $215,000 |
| 7-8% | 1 | $115,000 | $115,000 |
During 2021, Cooperativa De Ahorro Y Credito De Aguada's average interest rate for loans was 3.84%, while their most frequently originated rate bucket for loans was 4-5%, with 17 originations.
Loan Sizing
2021 saw Cooperativa De Ahorro Y Credito De Aguada place emphasis on $100,000 or less loans with 12 originations, totaling $950,000 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 12 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito De Aguada lent most frequently to those with DTI ratios of 20-30%, with 8 originations. The next most common DTI ratio? 30-36%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.48%
Cooperativa De Ahorro Y Credito De Aguada has an average approval rate.
Pick Rate
Approvals leading to origination89.66%
Cooperativa De Ahorro Y Credito De Aguada has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 29 | $4,535,000 | $156,379 |