Cooperativa A/c Oriental Mortgage Rates, Fees & Info
Humacao, PRLEI: 549300J7DJ7V4CSZCK98
Tax ID: 66-0287790
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Mortgage Data
Review & Overview
Cooperativa A/c Oriental is a smaller mortgage company specializing in Home Purchase loans. Cooperativa A/c Oriental has a high proportion of conventional loans. They also have a high ratio of USDA loans. They have an average proportion of FHA loans. Their top markets by origination volume include: San Juan, Guayama, Ponce, Coco, and San GermÁn among others. We have data for 7 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 a high 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 | 6.88% | 4/20/25 |
| 30 Year Conventional Refi | 6.72% | 4/20/25 |
| 30 Year Cash-out Refi | 7.05% | 4/20/25 |
| 30 Year FHA Purchase | 6.24% | 4/20/25 |
| 30 Year USDA Purchase | 2.93% | 4/20/25 |
| 15 Year Conventional Purchase | 6.86% | 4/20/25 |
| 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
Your Estimates
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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
87Origination Dollar Volume (All Markets)
$9,375,000Awards
Cooperativa A/C Oriental - 2024
Cooperativa A/C Oriental is a 2024 , due to their low .
For 2024, 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
6.58%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.03%.
Relative Fees (Closing Costs)
Cooperativa A/c Oriental's average total fees/closing costs for a 30 year fixed rate
mortgage were $18,305.
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 $8,356.
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) | 76 | $8,310,000 | $109,342 | $18,306 | 6.61% |
| GUAYAMA, PR (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $6,573 | 6.63% |
| PONCE, PR (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $6,736 | 6.58% |
| Coco, PR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,809 | 6.75% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,088 | 6.75% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,558 | 6.75% |
| Arecibo, PR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,819 | 7.75% |
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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $5,070,000 | $110,217 | $25,398 | 6.87% |
| USDA | 29 | $2,945,000 | $101,552 | $6,929 | 6.41% |
| FHA | 12 | $1,360,000 | $113,333 | $8,236 | 6.29% |
For 2024, Cooperativa A/c Oriental's most frequently originated type of loan was Conventional, with 46 originations. Their 2nd most popular type was USDA, with 29 originations.
Loan Reason
For 2024, Cooperativa A/c Oriental's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
For 2024, Cooperativa A/c Oriental's most frequently cited loan duration was 30 Year, with 76 originations. The 2nd most popular length was 15 Year, with 8 originations.
Origination Fees/Closing Costs
Cooperativa A/c Oriental's average total fees were $18,305, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 24 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 72 | $7,900,000 | $109,722 |
| 5-6% | 7 | $875,000 | $125,000 |
| 7-8% | 7 | $515,000 | $73,571 |
During 2024, Cooperativa A/c Oriental's average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was 6-7%, with 72 originations.
Loan Sizing
2024 saw Cooperativa A/c Oriental place emphasis on $100,000 or less loans with 43 originations, totaling $2,905,000 in origination value.
Applicant Income
Cooperativa A/c Oriental lent most frequently to those with incomes in the $50k or less range, with 48 originations. The second most popular income band? $50k-75k, with 23 originations.
Applicant Debt to Income Ratio
Cooperativa A/c Oriental lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? 30-36%, with 20 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 73 | $7,985,000 | $109,384 | $7,116 | 6.64% |
| Black | 14 | $1,390,000 | $99,286 | $66,455 | 6.59% |
Approval Rates
Total approvals of all applications82.84%
Cooperativa A/c Oriental has a below average approval rate.
Pick Rate
Approvals leading to origination81.61%
Cooperativa A/c Oriental has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 87 | $9,375,000 | $107,759 |