Cooperativa A/c Oriental Mortgage Rates, Fees & InfoHumacao, PR
Tax ID: 66-0287790
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCooperativa A/c Oriental is a smaller mortgage company specializing in Home Purchase loans. They also have a high ratio of USDA loans. They have an average proportion of FHA loans. Cooperativa A/c Oriental has an average proportion of conventional loans. Their top markets by origination volume include: San Juan, Ponce, Guayama, San GermÁn, and Yauco among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)
Cooperativa A/c Oriental has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Cooperativa A/c Oriental 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 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||7.10%||9/25/23|
|30 Year FHA Purchase||6.47%||9/25/23|
|30 Year FHA Refi||6.71%||9/25/23|
|30 Year USDA Purchase||6.42%||9/25/23|
|15 Year Conventional Refi||6.30%||9/25/23|
|15 Year Cash-out Refi||6.30%||9/25/23|
|15 Year FHA Refi||6.21%||9/25/23|
|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 A/c Oriental Mortgage Calculator
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This is not an official calculator from Cooperativa A/c Oriental. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$9,380,000
Cooperativa A/c Oriental's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.51%.
Relative Fees (Closing Costs)
Cooperativa A/c Oriental's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,169.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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)||82||$8,500,000||$103,659||$7,030||5.25%|
|PONCE, PR (FHA|USDA|VA)||6||$490,000||$81,667||$5,531||6.00%|
|GUAYAMA, PR (FHA|USDA|VA)||2||$190,000||$95,000||$8,099||4.50%|
|SAN GERMÁN, PR (FHA|USDA|VA)||1||$125,000||$125,000||$7,965||7.75%|
|YAUCO, PR (FHA|USDA|VA)||1||$75,000||$75,000||$7,495||4.50%|
We use machine learning to identify the top lenders compared against Cooperativa A/C Oriental based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Cooperativa A/c Oriental's most frequently originated type of loan was USDA, with 47 originations. Their 2nd most popular type was FHA, with 28 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Cooperativa A/c Oriental's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 4 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Cooperativa A/c Oriental's most frequently cited loan duration was 30 Year, with 84 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Cooperativa A/c Oriental's average total fees were $7,169, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 33 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Cooperativa A/c Oriental's average interest rate for loans was 5.27%, while their most frequently originated rate bucket for loans was 6-7%, with 29 originations.
|Loan Size||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|$100,000 or less||48||$3,730,000||$77,708||$6,187||5.38%|
2022 saw Cooperativa A/c Oriental place emphasis on $100,000 or less loans with 48 originations, totaling $3,730,000 in origination value.
Cooperativa A/c Oriental lent most frequently to those with incomes in the $50k or less range, with 65 originations. The second most popular income band? $50k-75k, with 18 originations.
Applicant Debt to Income Ratio
Cooperativa A/c Oriental lent most frequently to those with DTI ratios of 30-36%, with 20 originations. The next most common DTI ratio? 36%, with 19 originations.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
Cooperativa A/c Oriental has an average approval rate.
Pick RateApprovals leading to origination
Cooperativa A/c Oriental has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|