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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.27% | 12/6/24 |
30 Year Conventional Refi | 6.27% | 12/6/24 |
30 Year Cash-out Refi | 6.27% | 12/6/24 |
15 Year Conventional Purchase | 5.68% | 12/6/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
60Origination Dollar Volume (All Markets)
$5,640,000Top 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% |
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 | 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
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
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
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
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 applications100.00%
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 originationPoints 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 |