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 markets by origination volume include: San Juan, San GermÁn, Jayuya, MayagÜez, and Coamo among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Cooperativa De Credito Y Ahorro San Jose has an average approval rate when compared to the average across all lenders. Cooperativa De Credito Y Ahorro San Jose 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.
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% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 15 Year Conventional Refi | 5.68% | 4/28/24 |
| 15 Year Cash-out Refi | 5.68% | 4/28/24 |
| 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
35Origination Dollar Volume (All Markets)
$5,315,000Awards
Cooperativa De Credito Y Ahorro San Jose - 2022
Cooperativa De Credito Y Ahorro San Jose is a 2022 , due to their low .
For 2022, 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) | 31 | $4,905,000 | $158,226 | $5,610 | 5.02% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,370 | 5.95% |
| Jayuya, PR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,944 | 5.95% |
| MAYAGÜEZ, PR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,718 | 4.25% |
| Coamo, PR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $633 | 5.00% |
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 | 35 | $5,315,000 | $151,857 | $5,417 | 5.05% |
For 2022, Cooperativa De Credito Y Ahorro San Jose's most frequently originated type of loan was Conventional, with 35 originations.
Loan Reason
For 2022, Cooperativa De Credito Y Ahorro San Jose's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 26 | $4,150,000 | $159,615 | $5,517 | 5.04% |
| 15 Year | 8 | $1,140,000 | $142,500 | $5,689 | 5.08% |
| Other | 1 | $25,000 | $25,000 | $633 | 5.00% |
For 2022, Cooperativa De Credito Y Ahorro San Jose's most frequently cited loan duration was 30 Year, with 26 originations. The 2nd most popular length was 15 Year, with 8 originations.
Origination Fees/Closing Costs
Cooperativa De Credito Y Ahorro San Jose's average total fees were $5,517, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 11 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 21 | $3,205,000 | $152,619 |
| 6-7% | 6 | $800,000 | $133,333 |
| 5-6% | 4 | $570,000 | $142,500 |
| 3-4% | 3 | $715,000 | $238,333 |
| 7-8% | 1 | $25,000 | $25,000 |
During 2022, Cooperativa De Credito Y Ahorro San Jose's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 4-5%, with 21 originations.
Loan Sizing
2022 saw Cooperativa De Credito Y Ahorro San Jose place emphasis on $100,000 or less loans with 15 originations, totaling $1,025,000 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 15 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
Cooperativa De Credito Y Ahorro San Jose lent most frequently to those with DTI ratios of <20%, with 8 originations. The next most common DTI ratio? 30-36%, with 8 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 35 | $5,315,000 | $151,857 | $5,417 | 5.05% |
Approval Rates
Total approvals of all applications85.37%
Cooperativa De Credito Y Ahorro San Jose has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 35 | $5,315,000 | $151,857 |