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 Improvement 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, San GermÁn, and Ponce 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 have a below average pick rate when compared to similar 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% | 11/22/24 |
| 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
39Origination Dollar Volume (All Markets)
$4,145,000Top 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) | 25 | $2,785,000 | $111,400 | $0 | 6.66% |
| Arecibo, PR (FHA|USDA|VA) | 7 | $725,000 | $103,571 | $0 | 5.11% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $0 | 5.39% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 4.67% |
| PONCE, PR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.89% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 39 | $4,145,000 | $106,282 | $0 | 6.10% |
For 2020, Cooperativa De Ahorro Y Credito De Isabela's most frequently originated type of loan was Conventional, with 39 originations.
Loan Reason
For 2020, Cooperativa De Ahorro Y Credito De Isabela's most frequently cited loan purpose was Home Improvement, with 14 originations. The 2nd most popular reason was Home Purchase, with 11 originations.
Loan Duration/Length
For 2020, Cooperativa De Ahorro Y Credito De Isabela's most frequently cited loan duration was 20 Year, with 15 originations. The 2nd most popular length was 30 Year, with 12 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 19 | $2,225,000 | $117,105 |
| 5-6% | 14 | $1,260,000 | $90,000 |
| 3-4% | 3 | $345,000 | $115,000 |
| 6-7% | 2 | $270,000 | $135,000 |
| Over 8% | 1 | $45,000 | $45,000 |
During 2020, Cooperativa De Ahorro Y Credito De Isabela's average interest rate for loans was 5.49%, while their most frequently originated rate bucket for loans was 4-5%, with 19 originations.
Loan Sizing
2020 saw Cooperativa De Ahorro Y Credito De Isabela place emphasis on $100,000 or less loans with 22 originations, totaling $1,470,000 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 23 originations. The second most popular income band? $50k-75k, with 5 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 8 originations. The next most common DTI ratio? 30-36%, with 5 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 39 | $4,145,000 | $106,282 | $0 | 6.10% |
Approval Rates
Total approvals of all applications96.43%
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 origination64.10%
Cooperativa De Ahorro Y Credito De Isabela has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 39 | $4,145,000 | $106,282 |