Cooperativa A/c Oriental Mortgage Rates, Fees & Info

Humacao, PR

LEI: 549300J7DJ7V4CSZCK98

Tax ID: 66-0287790

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Cooperativa A/c Oriental is a smaller mortgage company specializing in Home Purchase and Refi 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, Ponce, Arecibo, San GermÁn, and Yauco among others. We have data for 6 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 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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Cooperativa A/c Oriental. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    122

    Origination Dollar Volume (All Markets)

    $13,460,000

    Awards

    Cooperativa A/C Oriental 30 Year Conventional Loans bronze Cooperativa A/C Oriental FHA Loans bronze Cooperativa A/C Oriental USDA Loans bronze
    Show all (3) awards

    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) 111 $12,255,000 $110,405 $5,869 3.23%
    PONCE, PR (FHA|USDA|VA) 4 $410,000 $102,500 $6,806 4.16%
    Outside of Metro Areas 3 $335,000 $111,667 $5,660 2.92%
    Arecibo, PR (FHA|USDA|VA) 2 $250,000 $125,000 $4,940 3.06%
    SAN GERMÁN, PR (FHA|USDA|VA) 1 $105,000 $105,000 $7,234 3.00%
    YAUCO, PR (FHA|USDA|VA) 1 $105,000 $105,000 $5,157 3.50%
    Cooperativa A/c Oriental's top markets include San Juan, Ponce, Arecibo, San GermÁn, and Yauco among others.

    Their top states include:
  • Puerto Rico (FHA|USDA|VA)

    • 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.

    COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC.
    Similarity Rank: 42
    COOPERATIVA DE CREDITO LA SAGRADA FAMILIA
    Similarity Rank: 52
    Cooperativa De Credito Y Ahorro San Jose
    Similarity Rank: 69
    BANCO SANTANDER PUERTO RICO
    Similarity Rank: 90
    CARIBE FEDERAL CREDIT UNION
    Similarity Rank: 96
    The Lending Center Corporation
    Similarity Rank: 132
    LATIN AMERICAN FINANCIAL CORPORATION
    Similarity Rank: 145
    Cooperativa A/C de Arecibo
    Similarity Rank: 217
    Oriental Bank
    Similarity Rank: 242
    Cooperativa A/C Oriental
    Similarity Rank: 300

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 47 $4,885,000 $103,936 $5,690 3.57%
    USDA 45 $4,945,000 $109,889 $5,234 3.07%
    FHA 25 $2,895,000 $115,800 $7,307 3.08%
    VA 4 $630,000 $157,500 $6,597 2.88%
    HELOC 1 $105,000 $105,000 n/a 2.25%

    For 2020, Cooperativa A/c Oriental's most frequently originated type of loan was Conventional, with 47 originations. Their 2nd most popular type was USDA, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 90 $10,150,000 $112,778 $6,213 3.37%
    Refi 32 $3,310,000 $103,438 $4,931 2.92%

    For 2020, Cooperativa A/c Oriental's most frequently cited loan purpose was Home Purchase, with 90 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 104 $11,230,000 $107,981 $5,914 3.33%
    15 Year 8 $810,000 $101,250 $5,205 2.86%
    20 Year 5 $775,000 $155,000 $5,950 2.83%
    Other 3 $375,000 $125,000 $4,057 2.67%
    10 Year 2 $270,000 $135,000 $9,656 2.75%

    For 2020, Cooperativa A/c Oriental's most frequently cited loan duration was 30 Year, with 104 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 52 $5,650,000 $108,654
    $<1k 34 $3,330,000 $97,941
    $2k-3k 17 $1,555,000 $91,471
    $3k-4k 12 $1,810,000 $150,833
    $4k-5k 3 $575,000 $191,667
    $5k+ 2 $330,000 $165,000

    Cooperativa A/c Oriental's average total fees were $5,914, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 52 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 76 $8,760,000 $115,263
    3-4% 24 $2,260,000 $94,167
    <2.5% 9 $1,095,000 $121,667
    4-5% 6 $760,000 $126,667
    5-6% 5 $455,000 $91,000
    6-7% 1 $75,000 $75,000

    During 2020, Cooperativa A/c Oriental's average interest rate for loans was 3.33%, while their most frequently originated rate bucket for loans was 2.5-3%, with 76 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 63 $8,175,000 $129,762 $6,637 3.09%
    $100,000 or less 54 $4,100,000 $75,926 $4,725 3.44%
    $200k-400k 5 $1,185,000 $237,000 $9,077 3.30%

    2020 saw Cooperativa A/c Oriental place emphasis on $100k-200k loans with 63 originations, totaling $8,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 92 $8,890,000 $96,630 $5,587 3.25%
    $50k-75k 16 $2,250,000 $140,625 $6,224 3.07%
    $75k-100k 8 $1,270,000 $158,750 $6,226 3.31%
    $100k-150k 3 $475,000 $158,333 $10,401 3.96%
    $150k-250k 3 $575,000 $191,667 $7,659 3.38%

    Cooperativa A/c Oriental lent most frequently to those with incomes in the $50k or less range, with 92 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 30 $3,350,000 $111,667 $5,909 3.10%
    30-36% 23 $2,415,000 $105,000 $6,489 3.19%
    <20% 14 $1,500,000 $107,143 $5,634 3.05%
    40% 7 $915,000 $130,714 $6,779 3.45%
    36% 7 $645,000 $92,143 $5,409 3.63%
    39% 7 $785,000 $112,143 $5,407 3.50%
    42% 6 $640,000 $106,667 $4,128 3.21%
    37% 6 $550,000 $91,667 $4,489 3.33%
    38% 4 $470,000 $117,500 $8,249 3.50%
    43% 4 $550,000 $137,500 $7,418 2.86%
    41% 3 $285,000 $95,000 $5,670 3.38%
    44% 3 $455,000 $151,667 $5,259 3.58%
    45% 2 $220,000 $110,000 $5,192 3.44%
    48% 2 $130,000 $65,000 $4,761 4.75%
    >60% 2 $200,000 $100,000 $3,393 3.00%
    46% 1 $95,000 $95,000 $7,217 3.00%
    47% 1 $255,000 $255,000 $8,035 2.75%

    Cooperativa A/c Oriental lent most frequently to those with DTI ratios of 20-30%, with 30 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 115 $12,755,000 $110,913 $5,867 3.26%
    American Indian 4 $460,000 $115,000 $6,859 3.13%
    Black 3 $245,000 $81,667 $5,267 3.00%

    Approval Rates

    Total approvals of all applications
    83.42%

    Cooperativa A/c Oriental has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.25%

    Cooperativa A/c Oriental has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 122 $13,460,000 $110,328

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $115,000 $115,000
    Single Family (1-4 Units):Site-Built 121 $13,345,000 $110,289

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $320,000 $160,000 $8,927 2.63%
    40-60% 4 $190,000 $47,500 $4,559 3.47%
    60-80% 20 $1,760,000 $88,000 $5,394 3.49%
    80-100% 95 $11,075,000 $116,579 $6,005 3.21%
    Over 100% 1 $115,000 $115,000 $2,964 3.00%