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 have an average proportion of FHA loans. Their top markets by origination volume include: San Juan, San GermÁn, Guayama, and Ponce among others. We have data for 4 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. 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 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 | 7.10% | 12/16/24 |
| 30 Year FHA Purchase | 6.47% | 12/16/24 |
| 30 Year FHA Refi | 6.71% | 12/16/24 |
| 30 Year USDA Purchase | 6.42% | 12/16/24 |
| 15 Year Conventional Refi | 6.30% | 12/16/24 |
| 15 Year Cash-out Refi | 6.30% | 12/16/24 |
| 15 Year FHA Refi | 6.21% | 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 A/c Oriental Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
33Origination Dollar Volume (All Markets)
$2,995,000Awards
Cooperativa A/C Oriental - 2018
Cooperativa A/C Oriental is a 2018 , due to their low .
For 2018, 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) | 30 | $2,710,000 | $90,333 | $6,501 | 4.86% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,520 | 4.50% |
| GUAYAMA, PR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $7,734 | 4.50% |
| PONCE, PR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $7,551 | 5.75% |
Their top states include:
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 2018, Cooperativa A/c Oriental's most frequently originated type of loan was Conventional, with 20 originations. Their 2nd most popular type was USDA, with 7 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 27 | $2,595,000 | $96,111 | $6,755 | 4.83% |
| Refi | 6 | $400,000 | $66,667 | $5,741 | 4.99% |
For 2018, Cooperativa A/c Oriental's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 26 | $2,600,000 | $100,000 | $6,827 | 4.78% |
| 15 Year | 4 | $250,000 | $62,500 | $5,253 | 4.65% |
| 20 Year | 3 | $145,000 | $48,333 | $6,106 | 5.83% |
For 2018, Cooperativa A/c Oriental's most frequently cited loan duration was 30 Year, with 26 originations. The 2nd most popular length was 15 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 13 | $895,000 | $68,846 |
| $2k-3k | 10 | $1,070,000 | $107,000 |
| $<1k | 6 | $430,000 | $71,667 |
| $3k-4k | 3 | $395,000 | $131,667 |
| $5k+ | 1 | $205,000 | $205,000 |
Cooperativa A/c Oriental's average total fees were $6,827, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 24 | $2,220,000 | $92,500 |
| 5-6% | 4 | $340,000 | $85,000 |
| 6-7% | 3 | $245,000 | $81,667 |
| 3-4% | 2 | $190,000 | $95,000 |
During 2018, Cooperativa A/c Oriental's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 24 originations.
Loan Sizing
2018 saw Cooperativa A/c Oriental place emphasis on $100,000 or less loans with 23 originations, totaling $1,555,000 in origination value.
Applicant Income
Cooperativa A/c Oriental lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
Cooperativa A/c Oriental lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 30-36%, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 27 | $2,425,000 | $89,815 | $6,424 | 4.93% |
| Black | 5 | $495,000 | $99,000 | $7,971 | 4.60% |
| Asian | 1 | $75,000 | $75,000 | $3,533 | 4.25% |
Approval Rates
Total approvals of all applications78.72%
Cooperativa A/c Oriental has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 33 | $2,995,000 | $90,758 |