Cooperativa De Credito Y Ahorro San Jose Mortgage Rates, Fees & Info
Aibonito,LEI: 549300HVRAK6I8QGFR41
Tax ID: 66-0231533
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Mortgage Data
Review & Overview
Cooperativa De Credito Y Ahorro San Jose is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Cooperativa De Credito Y Ahorro San Jose has a high proportion of conventional loans. Their top two markets are San Juan and San GermÁn .Cooperativa De Credito Y Ahorro San Jose 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 Credito Y Ahorro San Jose 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 | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| 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 Credito Y Ahorro San Jose Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
19Origination Dollar Volume (All Markets)
$1,335,000Awards
Cooperativa De Credito Y Ahorro San Jose - 2019
Cooperativa De Credito Y Ahorro San Jose is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 17 | $1,145,000 | $67,353 | $2,747 | 6.31% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,495 | 6.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Cooperativa De Credito Y Ahorro San Jose based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 19 | $1,335,000 | $70,263 | $2,825 | 6.28% |
For 2019, Cooperativa De Credito Y Ahorro San Jose's most frequently originated type of loan was Conventional, with 19 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 13 | $1,035,000 | $79,615 | $2,961 | 6.22% |
| Cash Out Refi | 6 | $300,000 | $50,000 | $2,533 | 6.40% |
For 2019, Cooperativa De Credito Y Ahorro San Jose's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
For 2019, Cooperativa De Credito Y Ahorro San Jose's most frequently cited loan duration was 30 Year, with 13 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 |
|---|---|---|---|
| $1k-2k | 12 | $870,000 | $72,500 |
| $<1k | 6 | $300,000 | $50,000 |
| $3k-4k | 1 | $165,000 | $165,000 |
Cooperativa De Credito Y Ahorro San Jose's average total fees were $2,790, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 12 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 14 | $990,000 | $70,714 |
| 5-6% | 5 | $345,000 | $69,000 |
During 2019, Cooperativa De Credito Y Ahorro San Jose's average interest rate for loans was 6.30%, while their most frequently originated rate bucket for loans was 6-7%, with 14 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 17 | $1,065,000 | $62,647 | $2,624 | 6.28% |
| $100k-200k | 2 | $270,000 | $135,000 | $4,538 | 6.25% |
2019 saw Cooperativa De Credito Y Ahorro San Jose place emphasis on $100,000 or less loans with 17 originations, totaling $1,065,000 in origination value.
Applicant Income
Cooperativa De Credito Y Ahorro San Jose lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
Cooperativa De Credito Y Ahorro San Jose lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 19 | $1,335,000 | $70,263 | $2,825 | 6.28% |
Approval Rates
Total approvals of all applications95.45%
Cooperativa De Credito Y Ahorro San Jose has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.74%
Cooperativa De Credito Y Ahorro San Jose has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 19 | $1,335,000 | $70,263 |