Cooperativa De Ahorro Y Credito De Isabela Mortgage Rates, Fees & Info
ISABEL,LEI: 549300PIBI14GDBLD168
Tax ID: 66-0214491
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Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito De Isabela is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Cooperativa De Ahorro Y Credito De Isabela has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Aguadilla, San Juan, Arecibo, San GermÁn, and Ponce among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Cooperativa De Ahorro Y Credito De Isabela 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 De Isabela 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 | 6.72% | 5/9/25 |
| 30 Year Conventional Refi | 6.72% | 5/9/25 |
| 30 Year Cash-out Refi | 6.72% | 5/9/25 |
| 30 Year USDA Purchase | 6.72% | 5/9/25 |
| 15 Year Conventional Purchase | 6.00% | 5/9/25 |
| 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 De Ahorro Y Credito De Isabela Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
122Origination Dollar Volume (All Markets)
$17,400,000Awards
COOPERATIVA DE AHORRO Y CREDITO DE ISABELA - 2024
COOPERATIVA DE AHORRO Y CREDITO DE ISABELA 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 De Ahorro Y Credito De Isabela's average 30 year fixed mortgage rate was
6.23%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.32%.
Relative Fees (Closing Costs)
Cooperativa De Ahorro Y Credito De Isabela's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,143.
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 |
|---|---|---|---|---|---|
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 76 | $12,050,000 | $158,553 | $8,324 | 6.26% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 19 | $2,185,000 | $115,000 | $6,037 | 6.44% |
| Arecibo, PR (FHA|USDA|VA) | 14 | $1,790,000 | $127,857 | $6,611 | 6.33% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 11 | $1,115,000 | $101,364 | $3,700 | 7.03% |
| PONCE, PR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.99% |
| MAYAGÜEZ, PR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,347 | 5.99% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against COOPERATIVA DE AHORRO Y CREDITO DE ISABELA 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 | 121 | $17,135,000 | $141,612 | $7,357 | 6.37% |
| USDA | 1 | $265,000 | $265,000 | $11,721 | 5.39% |
For 2024, Cooperativa De Ahorro Y Credito De Isabela's most frequently originated type of loan was Conventional, with 121 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 73 | $12,805,000 | $175,411 | $8,824 | 6.15% |
| Home Purchase | 47 | $4,435,000 | $94,362 | $5,562 | 6.68% |
| Refi | 2 | $160,000 | $80,000 | $0 | 6.78% |
For 2024, Cooperativa De Ahorro Y Credito De Isabela's most frequently cited loan purpose was Cash Out Refi, with 73 originations. The 2nd most popular reason was Home Purchase, with 47 originations.
Loan Duration/Length
For 2024, Cooperativa De Ahorro Y Credito De Isabela's most frequently cited loan duration was 30 Year, with 85 originations. The 2nd most popular length was 20 Year, with 22 originations.
Origination Fees/Closing Costs
Cooperativa De Ahorro Y Credito De Isabela's average total fees were $8,143, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 31 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 73 | $12,405,000 | $169,932 |
| 7-8% | 26 | $3,250,000 | $125,000 |
| 6-7% | 21 | $1,635,000 | $77,857 |
| Over 8% | 2 | $110,000 | $55,000 |
During 2024, Cooperativa De Ahorro Y Credito De Isabela's average interest rate for loans was 6.23%, while their most frequently originated rate bucket for loans was 5-6%, with 73 originations.
Loan Sizing
2024 saw Cooperativa De Ahorro Y Credito De Isabela place emphasis on $100,000 or less loans with 52 originations, totaling $3,410,000 in origination value.
Applicant Income
Cooperativa De Ahorro Y Credito De Isabela lent most frequently to those with incomes in the $50k-75k range, with 38 originations. The second most popular income band? $50k or less, with 27 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito De Isabela lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? 30-36%, with 19 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 122 | $17,400,000 | $142,623 | $7,426 | 6.36% |
Approval Rates
Total approvals of all applications90.38%
Cooperativa De Ahorro Y Credito De Isabela has an average approval rate.
Pick Rate
Approvals leading to origination87.70%
Cooperativa De Ahorro Y Credito De Isabela has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 122 | $17,400,000 | $142,623 |