Cooperativa A/c Oriental Mortgage Rates, Fees & Info
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Mortgage Data
Review & Overview
Cooperativa A/c Oriental is a smaller mortgage company specializing in Home Purchase loans. They also have a high ratio of USDA loans. Cooperativa A/c Oriental has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: San Juan, Aguadilla, Ponce, San GermÁn, and Yauco among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Cooperativa A/c Oriental has an 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.10% | 4/21/24 |
| 30 Year FHA Purchase | 6.47% | 4/21/24 |
| 30 Year FHA Refi | 6.71% | 4/21/24 |
| 30 Year USDA Purchase | 6.42% | 4/21/24 |
| 15 Year Conventional Refi | 6.30% | 4/21/24 |
| 15 Year Cash-out Refi | 6.30% | 4/21/24 |
| 15 Year FHA Refi | 6.21% | 4/21/24 |
| 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 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.
Originations
67Origination Dollar Volume (All Markets)
$7,395,000Awards
Cooperativa A/C Oriental - 2023
Cooperativa A/C Oriental is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Cooperativa A/c Oriental's average 30 year fixed mortgage rate was
6.65%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.17%.
Relative Fees (Closing Costs)
Cooperativa A/c Oriental's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,023.
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 $9,089.
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) | 55 | $6,295,000 | $114,455 | $6,836 | 6.67% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $5,911 | 6.92% |
| PONCE, PR (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $5,863 | 6.75% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,554 | 6.75% |
| Outside of Metro Areas | 2 | $160,000 | $80,000 | $0 | 6.75% |
| YAUCO, PR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,491 | 6.25% |
| Coco, PR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,686 | 7.75% |
| GUAYAMA, PR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $4,226 | 7.75% |
| Santa Isabel, PR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
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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Product Mix
For 2023, Cooperativa A/c Oriental's most frequently originated type of loan was USDA, with 29 originations. Their 2nd most popular type was Conventional, with 26 originations.
Loan Reason
For 2023, Cooperativa A/c Oriental's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
For 2023, Cooperativa A/c Oriental's most frequently cited loan duration was 30 Year, with 60 originations. The 2nd most popular length was 15 Year, with 4 originations.
Origination Fees/Closing Costs
Cooperativa A/c Oriental's average total fees were $7,023, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 30 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 56 | $6,300,000 | $112,500 |
| 7-8% | 9 | $595,000 | $66,111 |
| 5-6% | 1 | $455,000 | $455,000 |
During 2023, Cooperativa A/c Oriental's average interest rate for loans was 6.65%, while their most frequently originated rate bucket for loans was 6-7%, with 56 originations.
Loan Sizing
2023 saw Cooperativa A/c Oriental place emphasis on $100,000 or less loans with 40 originations, totaling $2,640,000 in origination value.
Applicant Income
Cooperativa A/c Oriental lent most frequently to those with incomes in the $50k or less range, with 44 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
Cooperativa A/c Oriental lent most frequently to those with DTI ratios of 20-30%, with 19 originations. The next most common DTI ratio? 30-36%, with 15 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.32%
Cooperativa A/c Oriental has an average approval rate.
Pick Rate
Approvals leading to origination86.57%
Cooperativa A/c Oriental has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4030.3 | 1 | $145,000 | $145,000 |
| NA | 66 | $7,250,000 | $109,848 |