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. They have a low ratio of USDA loans. Their top markets by origination volume include: Guayama, San Juan, and San GermÁn 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 about average rates.
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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
21Origination Dollar Volume (All Markets)
$4,085,000Top 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) | 10 | $2,200,000 | $220,000 | $9,417 | 5.00% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 9 | $1,255,000 | $139,444 | $6,424 | 4.94% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $11,696 | 7.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 18 | $3,830,000 | $212,778 | $8,851 | 5.33% |
| USDA | 2 | $180,000 | $90,000 | $5,856 | 4.00% |
| VA | 1 | $75,000 | $75,000 | $4,337 | 4.50% |
For 2021, Cooperativa De A/c De Maunabo's most frequently originated type of loan was Conventional, with 18 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
For 2021, Cooperativa De A/c De Maunabo's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
For 2021, Cooperativa De A/c De Maunabo's most frequently cited loan duration was 30 Year, with 11 originations. The 2nd most popular length was 20 Year, with 7 originations.
Origination Fees/Closing Costs
Cooperativa De A/c De Maunabo's average total fees were $5,956, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 13 | $2,495,000 | $191,923 |
| 6-7% | 5 | $755,000 | $151,000 |
| 7-8% | 2 | $750,000 | $375,000 |
| 3-4% | 1 | $85,000 | $85,000 |
During 2021, Cooperativa De A/c De Maunabo's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 4-5%, with 13 originations.
Loan Sizing
2021 saw Cooperativa De A/c De Maunabo place emphasis on $100,000 or less loans with 10 originations, totaling $640,000 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 9 originations. The second most popular income band? $250k+, 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 6 originations. The next most common DTI ratio? 30-36%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications50.82%
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 origination85.71%
Cooperativa De A/c De Maunabo has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 21 | $4,085,000 | $194,524 |