Cooperativa De Credito Y Ahorro San Jose Mortgage Rates, Fees & Info

Aibonito,

LEI: 549300HVRAK6I8QGFR41

Tax ID: 66-0231533

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Cooperativa De Credito Y Ahorro San Jose is a smaller mortgage company specializing in Home Purchase and Refi loans. Cooperativa De Credito Y Ahorro San Jose has a high proportion of conventional loans. Their top markets by origination volume include: San Juan, Coamo, and Guayama among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cooperativa De Credito Y Ahorro San Jose has an above average approval rate when compared to the average across all 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 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 6.27% 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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Cooperativa De Credito Y Ahorro San Jose. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    24

    Origination Dollar Volume (All Markets)

    $3,440,000

    Awards

    Cooperativa De Credito Y Ahorro San Jose 30 Year Conventional Loans gold
    Show all (1) awards

    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) 21 $3,215,000 $153,095 $5,702 4.72%
    Coamo, PR (FHA|USDA|VA) 2 $120,000 $60,000 $2,803 4.88%
    GUAYAMA, PR (FHA|USDA|VA) 1 $105,000 $105,000 $4,158 3.88%
    Cooperativa De Credito Y Ahorro San Jose's top markets include San Juan, Coamo, and Guayama among others.

    Their top states include:
  • Puerto Rico (FHA|USDA|VA)

    • 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.

    COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC.
    Similarity Rank: 42
    COOPERATIVA DE CREDITO LA SAGRADA FAMILIA
    Similarity Rank: 52
    Cooperativa De Credito Y Ahorro San Jose
    Similarity Rank: 69
    BANCO SANTANDER PUERTO RICO
    Similarity Rank: 90
    CARIBE FEDERAL CREDIT UNION
    Similarity Rank: 96
    The Lending Center Corporation
    Similarity Rank: 132
    LATIN AMERICAN FINANCIAL CORPORATION
    Similarity Rank: 145
    Cooperativa A/C de Arecibo
    Similarity Rank: 217
    Oriental Bank
    Similarity Rank: 242
    Cooperativa A/C Oriental
    Similarity Rank: 300

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 24 $3,440,000 $143,333 $5,396 4.70%

    For 2020, Cooperativa De Credito Y Ahorro San Jose's most frequently originated type of loan was Conventional, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 16 $1,730,000 $108,125 $4,284 4.78%
    Refi 4 $1,230,000 $307,500 $10,592 4.41%
    Cash Out Refi 4 $480,000 $120,000 $4,650 4.66%

    For 2020, Cooperativa De Credito Y Ahorro San Jose's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 17 $1,695,000 $99,706 $4,020 4.68%
    15 Year 3 $335,000 $111,667 $4,575 4.92%
    10 Year 2 $740,000 $370,000 $13,337 3.88%
    5 Year 1 $615,000 $615,000 $18,415 5.25%
    Other 1 $55,000 $55,000 $2,347 5.50%

    For 2020, Cooperativa De Credito Y Ahorro San Jose's most frequently cited loan duration was 30 Year, with 17 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 $850,000 $70,833
    $2k-3k 4 $460,000 $115,000
    $3k-4k 3 $545,000 $181,667
    $5k+ 3 $1,355,000 $451,667
    $<1k 1 $25,000 $25,000
    $4k-5k 1 $205,000 $205,000

    Cooperativa De Credito Y Ahorro San Jose's average total fees were $4,020, 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
    4-5% 15 $1,595,000 $106,333
    3-4% 4 $1,040,000 $260,000
    5-6% 4 $770,000 $192,500
    6-7% 1 $35,000 $35,000

    During 2020, Cooperativa De Credito Y Ahorro San Jose's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 15 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 12 $770,000 $64,167 $3,034 5.02%
    $100k-200k 8 $1,110,000 $138,750 $5,103 4.34%
    $200k-400k 2 $480,000 $240,000 $8,544 4.31%
    $400k-600k 1 $465,000 $465,000 $16,776 3.88%
    $600k-1MM 1 $615,000 $615,000 $18,415 5.25%

    2020 saw Cooperativa De Credito Y Ahorro San Jose place emphasis on $100,000 or less loans with 12 originations, totaling $770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 11 $815,000 $74,091 $3,207 5.02%
    $150k-250k 4 $1,000,000 $250,000 $8,444 4.88%
    $50k-75k 3 $255,000 $85,000 $3,582 4.42%
    $100k-150k 2 $230,000 $115,000 $4,235 4.19%
    $75k-100k 2 $400,000 $200,000 $7,284 4.31%
    $250k+ 1 $465,000 $465,000 $16,776 3.88%

    Cooperativa De Credito Y Ahorro San Jose lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $150k-250k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 8 $980,000 $122,500 $5,004 4.50%
    30-36% 5 $435,000 $87,000 $3,302 4.85%
    <20% 5 $415,000 $83,000 $3,545 4.88%
    37% 2 $560,000 $280,000 $10,877 4.44%
    42% 1 $105,000 $105,000 $3,569 4.75%
    38% 1 $125,000 $125,000 $4,311 4.50%
    39% 1 $205,000 $205,000 $7,189 4.75%
    40% 1 $615,000 $615,000 $18,415 5.25%

    Cooperativa De Credito Y Ahorro San Jose lent most frequently to those with DTI ratios of 20-30%, with 8 originations. The next most common DTI ratio? 30-36%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 22 $2,880,000 $130,909 $4,898 4.72%
    American Indian 2 $560,000 $280,000 $10,877 4.44%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 24 $3,440,000 $143,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 24 $3,440,000 $143,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $55,000 $55,000 $2,347 5.50%
    40-60% 2 $140,000 $70,000 $3,017 4.63%
    60-80% 7 $675,000 $96,429 $4,049 4.91%
    80-100% 14 $2,570,000 $183,571 $6,627 4.54%