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 Cash Out Refi loans. Cooperativa De A/c De Maunabo has a high proportion of conventional loans. Their top markets by origination volume include: Guayama, San Juan, and Coco 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. Cooperativa De A/c De Maunabo is typically a low 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% | 11/22/24 |
| 30 Year Conventional Refi | 6.27% | 11/22/24 |
| 30 Year Cash-out Refi | 6.27% | 11/22/24 |
| 30 Year USDA Purchase | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 7.50% | 11/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
11Origination Dollar Volume (All Markets)
$785,000Top 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 |
|---|---|---|---|---|---|
| GUAYAMA, PR (FHA|USDA|VA) | 7 | $415,000 | $59,286 | $3,878 | 5.52% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 6.25% |
| Coco, PR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.25% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 9 | $635,000 | $70,556 | $3,878 | 6.10% |
| USDA | 2 | $150,000 | $75,000 | $0 | 4.38% |
For 2018, Cooperativa De A/c De Maunabo's most frequently originated type of loan was Conventional, with 9 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 6 | $530,000 | $88,333 | $0 | 5.40% |
| Cash Out Refi | 5 | $255,000 | $51,000 | $3,878 | 6.25% |
For 2018, Cooperativa De A/c De Maunabo's most frequently cited loan purpose was Home Purchase, with 6 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 9 | $685,000 | $76,111 | $3,878 | 5.68% |
| 10 Year | 1 | $55,000 | $55,000 | $0 | 6.25% |
| 15 Year | 1 | $45,000 | $45,000 | $0 | 6.25% |
For 2018, Cooperativa De A/c De Maunabo's most frequently cited loan duration was 30 Year, with 9 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 5 | $305,000 | $61,000 |
| $1k-2k | 5 | $425,000 | $85,000 |
Cooperativa De A/c De Maunabo's average total fees were $3,878, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 8 | $570,000 | $71,250 |
| 4-5% | 2 | $150,000 | $75,000 |
| 3-4% | 1 | $65,000 | $65,000 |
During 2018, Cooperativa De A/c De Maunabo's average interest rate for loans was 5.68%, while their most frequently originated rate bucket for loans was 6-7%, with 8 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 9 | $515,000 | $57,222 | $3,878 | 5.68% |
| $100k-200k | 2 | $270,000 | $135,000 | $0 | 6.25% |
2018 saw Cooperativa De A/c De Maunabo place emphasis on $100,000 or less loans with 9 originations, totaling $515,000 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 2 originations.
Applicant Debt to Income Ratio
Cooperativa De A/c De Maunabo lent most frequently to those with DTI ratios of 30-36%, with 3 originations. The next most common DTI ratio? 20-30%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 7 | $425,000 | $60,714 | $3,878 | 5.93% |
| Black | 4 | $360,000 | $90,000 | $0 | 5.53% |
Approval Rates
Total approvals of all applications37.93%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1500.0 | 1 | $45,000 | $45,000 |
| 1575.0 | 1 | $45,000 | $45,000 |
| 1814.75 | 1 | $55,000 | $55,000 |
| 1890.0 | 1 | $65,000 | $65,000 |
| 2030.1 | 1 | $65,000 | $65,000 |
| 2062.5 | 1 | $55,000 | $55,000 |
| 2575.5 | 1 | $85,000 | $85,000 |
| 3155.63 | 1 | $115,000 | $115,000 |
| 4564.5 | 1 | $155,000 | $155,000 |
| NA | 2 | $100,000 | $50,000 |