Cooperativa De A/c De Maunabo Mortgage Rates, Fees & Info

Maunabo,

LEI: 549300GXIH93QAIAWV16

Tax ID: 66-0271958

5 stars - Updated: 3/28/24 - out of 5 stars, based on 4 reviews

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

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Mortgage Data

Review & Overview

Cooperativa De A/c De Maunabo is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Cooperativa De A/c De Maunabo has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Guayama, San Juan, and Ponce among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cooperativa De A/c De Maunabo has a below 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 A/c De Maunabo 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.

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 6.80% 3/28/24
30 Year Conventional Refi 6.27% 3/28/24
30 Year Cash-out Refi 6.27% 3/28/24
30 Year USDA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 7.50% 3/28/24
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 A/c De Maunabo Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Cooperativa De A/c De Maunabo. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

17

Origination Dollar Volume (All Markets)

$1,755,000

Relative Rate

Cooperativa De A/c De Maunabo's average 30 year fixed mortgage rate was 6.83%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.35%.

Relative Fees (Closing Costs)

Cooperativa De A/c De Maunabo's average total fees/closing costs for a 30 year fixed rate mortgage were $5,130.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
GUAYAMA, PR (FHA|USDA|VA) 12 $1,110,000 $92,500 $4,639 6.95%
SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) 4 $520,000 $130,000 $6,387 6.66%
PONCE, PR (FHA|USDA|VA) 1 $125,000 $125,000 $6,127 6.55%
Cooperativa De A/c De Maunabo's top markets include Guayama, San Juan, and Ponce among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 15 $1,635,000 $109,000 $5,551 6.91%
    VA 1 $65,000 $65,000 $0 6.35%
    USDA 1 $55,000 $55,000 $505 6.50%

    For 2023, Cooperativa De A/c De Maunabo's most frequently originated type of loan was Conventional, with 15 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8 $730,000 $91,250 $4,983 6.61%
    Cash Out Refi 8 $840,000 $105,000 $5,222 7.02%
    Other 1 $185,000 $185,000 $0 7.50%

    For 2023, Cooperativa De A/c De Maunabo's most frequently cited loan purpose was Home Purchase, with 8 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 12 $1,210,000 $100,833 $5,130 6.83%
    15 Year 3 $385,000 $128,333 $4,891 6.33%
    20 Year 2 $160,000 $80,000 $5,188 7.83%

    For 2023, Cooperativa De A/c De Maunabo's most frequently cited loan duration was 30 Year, with 12 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 5 $575,000 $115,000
    $2k-3k 3 $265,000 $88,333
    $<1k 1 $85,000 $85,000
    $1k-2k 1 $65,000 $65,000
    $4k-5k 1 $145,000 $145,000

    Cooperativa De A/c De Maunabo's average total fees were $5,130, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 5 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 12 $1,170,000 $97,500
    7-8% 5 $585,000 $117,000

    During 2023, Cooperativa De A/c De Maunabo's average interest rate for loans was 6.83%, while their most frequently originated rate bucket for loans was 6-7%, with 12 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 9 $635,000 $70,556 $4,154 6.95%
    $100k-200k 7 $905,000 $129,286 $5,874 6.85%
    $200k-400k 1 $215,000 $215,000 $0 6.03%

    2023 saw Cooperativa De A/c De Maunabo place emphasis on $100,000 or less loans with 9 originations, totaling $635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 9 $725,000 $80,556 $4,441 7.13%
    $100k-150k 4 $560,000 $140,000 $5,907 6.36%
    $50k-75k 3 $285,000 $95,000 $5,822 6.48%
    $75k-100k 1 $185,000 $185,000 $0 7.50%

    Cooperativa De A/c De Maunabo lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $100k-150k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 5 $495,000 $99,000 $5,882 7.01%
    <20% 4 $290,000 $72,500 $5,498 6.46%
    30-36% 3 $315,000 $105,000 $5,183 7.05%
    39% 2 $310,000 $155,000 $6,127 7.03%
    40% 2 $290,000 $145,000 $5,188 6.99%
    36% 1 $55,000 $55,000 $505 6.50%

    Cooperativa De A/c De Maunabo lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? <20%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 14 $1,410,000 $100,714 $5,585 6.84%
    Black 2 $240,000 $120,000 $505 7.00%
    Not provided 1 $105,000 $105,000 $5,240 6.80%

    Approval Rates

    Total approvals of all applications
    65.00%

    Cooperativa De A/c De Maunabo has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    70.59%

    Cooperativa De A/c De Maunabo has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    6597.52 1 $85,000 $85,000
    NA 16 $1,670,000 $104,375

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    17 $1,755,000 $103,235

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $100,000 $50,000 $0 6.46%
    40-60% 3 $255,000 $85,000 $4,698 7.05%
    60-80% 2 $310,000 $155,000 $6,127 7.03%
    80-100% 9 $875,000 $97,222 $5,061 6.93%
    Under 20% 1 $215,000 $215,000 $0 6.03%