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 Home Purchase and Cash Out Refi loans. Cooperativa De Ahorro Y Credito De Isabela has a high proportion of conventional loans. Their top markets by origination volume include: Aguadilla, San Juan, and Arecibo among others. We have data for 3 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 relatively high rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/22/24 |
| 30 Year Conventional Refi | 6.27% | 11/22/24 |
| 30 Year Cash-out Refi | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 5.68% | 11/22/24 |
| 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
43Origination Dollar Volume (All Markets)
$3,635,000Top 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) | 36 | $3,050,000 | $84,722 | $3,768 | 5.31% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $4,431 | 5.37% |
| Arecibo, PR (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 5.96% |
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 | 43 | $3,635,000 | $84,535 | $3,863 | 5.36% |
For 2019, Cooperativa De Ahorro Y Credito De Isabela's most frequently originated type of loan was Conventional, with 43 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 21 | $1,765,000 | $84,048 | $3,216 | 5.47% |
| Cash Out Refi | 21 | $1,835,000 | $87,381 | $5,481 | 5.21% |
| Refi | 1 | $35,000 | $35,000 | $0 | 6.05% |
For 2019, Cooperativa De Ahorro Y Credito De Isabela's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.
Loan Duration/Length
For 2019, Cooperativa De Ahorro Y Credito De Isabela's most frequently cited loan duration was 30 Year, with 19 originations. The 2nd most popular length was 20 Year, with 12 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 3 | $225,000 | $75,000 |
| $<1k | 1 | $45,000 | $45,000 |
| $2k-3k | 1 | $165,000 | $165,000 |
Cooperativa De Ahorro Y Credito De Isabela's average total fees were $5,176, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 22 | $2,060,000 | $93,636 |
| 4-5% | 16 | $1,250,000 | $78,125 |
| 6-7% | 4 | $250,000 | $62,500 |
| 7-8% | 1 | $75,000 | $75,000 |
During 2019, Cooperativa De Ahorro Y Credito De Isabela's average interest rate for loans was 5.84%, while their most frequently originated rate bucket for loans was 5-6%, with 22 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 30 | $2,030,000 | $67,667 | $3,073 | 5.37% |
| $100k-200k | 13 | $1,605,000 | $123,462 | $8,604 | 5.33% |
2019 saw Cooperativa De Ahorro Y Credito De Isabela place emphasis on $100,000 or less loans with 30 originations, totaling $2,030,000 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 27 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 12 originations. The next most common DTI ratio? 30-36%, with 7 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 43 | $3,635,000 | $84,535 | $3,863 | 5.36% |
Approval Rates
Total approvals of all applications98.31%
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 origination72.09%
Cooperativa De Ahorro Y Credito De Isabela has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 43 | $3,635,000 | $84,535 |