Cooperativa De Ahorro Y Credito De Cabo Rojo Mortgage Rates, Fees & Info
Cabo Rojo,LEI: 549300H8ZDZLHESMY152
Tax ID: 66-0270259
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito De Cabo Rojo is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Cooperativa De Ahorro Y Credito De Cabo Rojo has a high proportion of conventional loans. Their top markets by origination volume include: San GermÁn, Aguadilla, Arecibo, and San Juan among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Cooperativa De Ahorro Y Credito De Cabo Rojo has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Cooperativa De Ahorro Y Credito De Cabo Rojo 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 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
13Origination Dollar Volume (All Markets)
$1,235,000Top 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 |
|---|---|---|---|---|---|
| SAN GERMÁN, PR (FHA|USDA|VA) | 9 | $755,000 | $83,889 | $2,972 | 4.35% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,194 | 3.73% |
| Arecibo, PR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.50% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,749 | 5.50% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against COOPERATIVA DE AHORRO Y CREDITO DE CABO ROJO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 24
Similarity Rank: 78
Similarity Rank: 88
Similarity Rank: 220
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 13 | $1,235,000 | $95,000 | $3,491 | 4.28% |
For 2020, Cooperativa De Ahorro Y Credito De Cabo Rojo's most frequently originated type of loan was Conventional, with 13 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 6 | $610,000 | $101,667 | $3,995 | 4.23% |
| Home Purchase | 5 | $415,000 | $83,000 | $3,165 | 4.60% |
| Refi | 2 | $210,000 | $105,000 | $2,095 | 3.63% |
For 2020, Cooperativa De Ahorro Y Credito De Cabo Rojo's most frequently cited loan purpose was Cash Out Refi, with 6 originations. The 2nd most popular reason was Home Purchase, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 6 | $580,000 | $96,667 | $2,804 | 3.43% |
| 30 Year | 5 | $385,000 | $77,000 | $3,080 | 4.80% |
| 20 Year | 2 | $270,000 | $135,000 | $6,236 | 5.50% |
For 2020, Cooperativa De Ahorro Y Credito De Cabo Rojo's most frequently cited loan duration was 15 Year, with 6 originations. The 2nd most popular length was 30 Year, with 5 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 5 | $325,000 | $65,000 |
| $1k-2k | 3 | $225,000 | $75,000 |
| $3k-4k | 2 | $200,000 | $100,000 |
| $4k-5k | 2 | $310,000 | $155,000 |
Cooperativa De Ahorro Y Credito De Cabo Rojo's average total fees were $3,080, 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 |
|---|---|---|---|
| 4-5% | 4 | $340,000 | $85,000 |
| 2.5-3% | 3 | $335,000 | $111,667 |
| 3-4% | 3 | $275,000 | $91,667 |
| 5-6% | 2 | $130,000 | $65,000 |
| 6-7% | 1 | $155,000 | $155,000 |
During 2020, Cooperativa De Ahorro Y Credito De Cabo Rojo's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 4-5%, with 4 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 8 | $510,000 | $63,750 | $2,400 | 4.18% |
| $100k-200k | 5 | $725,000 | $145,000 | $5,672 | 4.44% |
2020 saw Cooperativa De Ahorro Y Credito De Cabo Rojo place emphasis on $100,000 or less loans with 8 originations, totaling $510,000 in origination value.
Applicant Income
Cooperativa De Ahorro Y Credito De Cabo Rojo lent most frequently to those with incomes in the $50k-75k range, with 5 originations. The second most popular income band? $50k or less, with 4 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito De Cabo Rojo 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 | 13 | $1,235,000 | $95,000 | $3,491 | 4.28% |
Approval Rates
Total approvals of all applications100.00%
Cooperativa De Ahorro Y Credito De Cabo Rojo has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.31%
Cooperativa De Ahorro Y Credito De Cabo Rojo has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 13 | $1,235,000 | $95,000 |