Cooperativa De A/c De Maunabo Mortgage Rates, Fees & Info
Maunabo,LEI: 549300GXIH93QAIAWV16
Tax ID: 66-0271958
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Mortgage Data
Review & Overview
Cooperativa De A/c De Maunabo is a smaller mortgage company specializing in Home Purchase and Other loans. Cooperativa De A/c De Maunabo has a high proportion of conventional loans. Their top markets by origination volume include: San Juan, Guayama, 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 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 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 6.30% | 4/5/25 |
| 30 Year VA Purchase | 6.70% | 4/5/25 |
| 15 Year Conventional Purchase | 4.92% | 4/5/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
22Origination Dollar Volume (All Markets)
$3,760,000Relative Rate
Cooperativa De A/c De Maunabo's average 30 year fixed mortgage rate was
6.81%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.26%.
Relative Fees (Closing Costs)
Cooperativa De A/c De Maunabo's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,374.
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 $8,356.
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 |
|---|---|---|---|---|---|
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 7 | $1,995,000 | $285,000 | $7,623 | 6.51% |
| GUAYAMA, PR (FHA|USDA|VA) | 14 | $1,580,000 | $112,857 | $7,157 | 6.70% |
| PONCE, PR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,758 | 6.55% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 21 | $3,695,000 | $175,952 | $7,372 | 6.65% |
| VA | 1 | $65,000 | $65,000 | $0 | 6.35% |
For 2024, Cooperativa De A/c De Maunabo's most frequently originated type of loan was Conventional, with 21 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2024, Cooperativa De A/c De Maunabo's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Other, with 5 originations.
Loan Duration/Length
For 2024, Cooperativa De A/c De Maunabo'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
Cooperativa De A/c De Maunabo's average total fees were $7,374, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 16 | $1,510,000 | $94,375 |
| 7-8% | 5 | $865,000 | $173,000 |
| 5-6% | 1 | $1,385,000 | $1,385,000 |
During 2024, Cooperativa De A/c De Maunabo's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was 6-7%, with 16 originations.
Loan Sizing
2024 saw Cooperativa De A/c De Maunabo place emphasis on $100k-200k loans with 11 originations, totaling $1,715,000 in origination value.
Applicant Income
Cooperativa De A/c De Maunabo lent most frequently to those with incomes in the $50k or less range, with 8 originations. The second most popular income band? $50k-75k, with 5 originations.
Applicant Debt to Income Ratio
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? 30-36%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.32%
Cooperativa De A/c De Maunabo has a below average approval rate.
Pick Rate
Approvals leading to origination77.27%
Cooperativa De A/c De Maunabo has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6571.52 | 1 | $65,000 | $65,000 |
| 7900.77 | 1 | $75,000 | $75,000 |
| 8551.52 | 1 | $85,000 | $85,000 |
| NA | 19 | $3,535,000 | $186,053 |