Cooperativa De Ahorro Y Credito De Isabela Mortgage Rates, Fees & Info

ISABEL,

LEI: 549300PIBI14GDBLD168

Tax ID: 66-0214491

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 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. Their top markets by origination volume include: Aguadilla, Arecibo, San Juan, MayagÜez, and San GermÁn among others. We have data for 5 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 typically have relatively high 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 6.27% 11/17/24
    30 Year Conventional Refi 6.27% 11/17/24
    30 Year Cash-out Refi 6.27% 11/17/24
    15 Year Conventional Purchase 5.68% 11/17/24
    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 De Ahorro Y Credito De Isabela Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Cooperativa De Ahorro Y Credito De Isabela. 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

    60

    Origination Dollar Volume (All Markets)

    $5,640,000

    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) 47 $4,215,000 $89,681 $0 5.40%
    Arecibo, PR (FHA|USDA|VA) 7 $845,000 $120,714 $0 5.28%
    SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) 4 $430,000 $107,500 $0 5.61%
    MAYAGÜEZ, PR (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.30%
    SAN GERMÁN, PR (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.45%
    Cooperativa De Ahorro Y Credito De Isabela's top markets include Aguadilla, Arecibo, San Juan, MayagÜez, and San GermÁn 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 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.

    Cooperativa de Ahorro y Credito de Rincon
    Similarity Rank: 36
    Scotiabank de Puerto Rico
    Similarity Rank: 48
    Oriental Bank
    Similarity Rank: 99
    Banco Popular de Puerto Rico
    Similarity Rank: 195
    FIRST EQUITY MORTGAGE BANKERS, INC.
    Similarity Rank: 245
    FIRSTBANK PUERTO RICO
    Similarity Rank: 306

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 60 $5,640,000 $94,000 $0 5.40%

    For 2018, Cooperativa De Ahorro Y Credito De Isabela's most frequently originated type of loan was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 43 $3,755,000 $87,326 $0 5.32%
    Home Purchase 16 $1,850,000 $115,625 $0 5.65%
    Refi 1 $35,000 $35,000 $0 4.65%

    For 2018, Cooperativa De Ahorro Y Credito De Isabela's most frequently cited loan purpose was Cash Out Refi, with 43 originations. The 2nd most popular reason was Home Purchase, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 25 $3,205,000 $128,200 $0 5.88%
    20 Year 14 $1,340,000 $95,714 $0 4.96%
    15 Year 13 $705,000 $54,231 $0 4.94%
    10 Year 5 $195,000 $39,000 $0 5.11%
    Other 3 $195,000 $65,000 $0 5.84%

    For 2018, Cooperativa De Ahorro Y Credito De Isabela's most frequently cited loan duration was 30 Year, with 25 originations. The 2nd most popular length was 20 Year, with 14 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 28 $3,190,000 $113,929
    4-5% 22 $1,720,000 $78,182
    6-7% 8 $550,000 $68,750
    7-8% 2 $180,000 $90,000

    During 2018, Cooperativa De Ahorro Y Credito De Isabela's average interest rate for loans was 5.88%, while their most frequently originated rate bucket for loans was 5-6%, with 28 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 43 $2,705,000 $62,907 $0 5.32%
    $100k-200k 13 $1,825,000 $140,385 $0 5.63%
    $200k-400k 4 $1,110,000 $277,500 $0 5.49%

    2018 saw Cooperativa De Ahorro Y Credito De Isabela place emphasis on $100,000 or less loans with 43 originations, totaling $2,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $2,815,000 $72,179 $0 5.42%
    $50k-75k 9 $875,000 $97,222 $0 5.60%
    $75k-100k 6 $670,000 $111,667 $0 5.08%
    $100k-150k 3 $425,000 $141,667 $0 5.16%
    $150k-250k 3 $855,000 $285,000 $0 5.42%

    Cooperativa De Ahorro Y Credito De Isabela lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $50k-75k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 13 $1,245,000 $95,769 $0 5.67%
    30-36% 13 $1,015,000 $78,077 $0 5.13%
    <20% 6 $640,000 $106,667 $0 5.22%
    46% 4 $330,000 $82,500 $0 5.28%
    43% 4 $360,000 $90,000 $0 5.53%
    41% 3 $425,000 $141,667 $0 5.84%
    38% 2 $150,000 $75,000 $0 5.07%
    36% 2 $160,000 $80,000 $0 5.37%
    47% 2 $210,000 $105,000 $0 5.29%
    40% 2 $100,000 $50,000 $0 5.22%
    37% 2 $280,000 $140,000 $0 5.29%
    44% 2 $160,000 $80,000 $0 5.98%
    49% 1 $75,000 $75,000 $0 4.89%
    42% 1 $255,000 $255,000 $0 5.69%
    45% 1 $65,000 $65,000 $0 6.35%
    48% 1 $85,000 $85,000 $0 5.69%
    39% 1 $85,000 $85,000 $0 4.45%

    Cooperativa De Ahorro Y Credito De Isabela lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? 30-36%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 60 $5,640,000 $94,000 $0 5.40%

    Approval Rates

    Total approvals of all applications
    100.00%

    Cooperativa De Ahorro Y Credito De Isabela has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 60 $5,640,000 $94,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 60 $5,640,000 $94,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $320,000 $53,333 $0 4.94%
    40-60% 5 $225,000 $45,000 $0 4.83%
    60-80% 25 $2,405,000 $96,200 $0 5.33%
    80-100% 20 $2,180,000 $109,000 $0 5.63%
    Over 100% 3 $485,000 $161,667 $0 6.43%
    Under 20% 1 $25,000 $25,000 $0 5.05%