Cooperativa De Ahorro Y Credito La PuertorriqueÑa Mortgage Rates, Fees & InfoSan Juan,
Tax ID: 66-0223995
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCooperativa De Ahorro Y Credito La PuertorriqueÑa is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Cooperativa De Ahorro Y Credito La PuertorriqueÑa has an average proportion of conventional loans. Their top markets by origination volume include: San Juan, Arecibo, Aguadilla, Ponce, and Guayama among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)
Cooperativa De Ahorro Y Credito La PuertorriqueÑa 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 De Ahorro Y Credito La PuertorriqueÑa 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||8.99%||9/25/23|
|30 Year Conventional Refi||6.27%||9/25/23|
|30 Year Cash-out Refi||6.27%||9/25/23|
|30 Year FHA Purchase||8.20%||9/25/23|
|30 Year FHA Refi||6.27%||9/25/23|
|30 Year VA Purchase||6.27%||9/25/23|
|30 Year USDA Purchase||7.73%||9/25/23|
|15 Year Conventional Purchase||5.68%||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 De Ahorro Y Credito La PuertorriqueÑa Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Cooperativa De Ahorro Y Credito La PuertorriqueÑa. 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.
Origination Dollar Volume (All Markets)$20,745,000
Cooperativa De Ahorro Y Credito La PuertorriqueÑa'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 1.24%.
Relative Fees (Closing Costs)
Cooperativa De Ahorro Y Credito La PuertorriqueÑa's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,286.
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)||157||$17,365,000||$110,605||$8,330||6.09%|
|Arecibo, PR (FHA|USDA|VA)||25||$2,655,000||$106,200||$8,772||5.55%|
|AGUADILLA-ISABELA, PR (FHA|USDA|VA)||4||$320,000||$80,000||$5,315||5.88%|
|PONCE, PR (FHA|USDA|VA)||2||$140,000||$70,000||$6,480||5.38%|
|GUAYAMA, PR (FHA|USDA|VA)||1||$105,000||$105,000||$0||7.50%|
|SAN GERMÁN, PR (FHA|USDA|VA)||1||$85,000||$85,000||$6,482||6.00%|
|Coco, PR (FHA|USDA|VA)||1||$75,000||$75,000||$8,080||7.00%|
We use machine learning to identify the top lenders compared against COOPERATIVA DE AHORRO Y CREDITO LA PUERTORRIQUEÑA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 18
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Cooperativa De Ahorro Y Credito La PuertorriqueÑa's most frequently originated type of loan was FHA, with 121 originations. Their 2nd most popular type was Conventional, with 48 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||3||$485,000||$161,667||$12,447||6.00%|
For 2022, Cooperativa De Ahorro Y Credito La PuertorriqueÑa's most frequently cited loan purpose was Home Purchase, with 186 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Cooperativa De Ahorro Y Credito La PuertorriqueÑa's most frequently cited loan duration was 30 Year, with 190 originations. The 2nd most popular length was 20 Year, with 1 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Cooperativa De Ahorro Y Credito La PuertorriqueÑa's average total fees were $8,286, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 45 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Cooperativa De Ahorro Y Credito La PuertorriqueÑa's average interest rate for loans was 6.00%, while their most frequently originated rate bucket for loans was 6-7%, with 93 originations.
|Loan Size||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|$100,000 or less||105||$8,085,000||$77,000||$6,330||6.01%|
2022 saw Cooperativa De Ahorro Y Credito La PuertorriqueÑa place emphasis on $100,000 or less loans with 105 originations, totaling $8,085,000 in origination value.
Cooperativa De Ahorro Y Credito La PuertorriqueÑa lent most frequently to those with incomes in the $50k or less range, with 147 originations. The second most popular income band? $50k-75k, with 20 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito La PuertorriqueÑa lent most frequently to those with DTI ratios of 30-36%, with 29 originations. The next most common DTI ratio? 39%, with 22 originations.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
Cooperativa De Ahorro Y Credito La PuertorriqueÑa has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Cooperativa De Ahorro Y Credito La PuertorriqueÑa has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|