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% 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






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

39

Origination Dollar Volume (All Markets)

$4,145,000

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) 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%
Cooperativa De Ahorro Y Credito De Isabela's top markets include Aguadilla, Arecibo, San Juan, San GermÁn, and Ponce 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.

    THE MONEY HOUSE INC.
    Similarity Rank: 110
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    Banco Popular de Puerto Rico
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    FIRSTBANK PUERTO RICO
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    CALCON MUTUAL MORTGAGE LLC
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 14 $1,920,000 $137,143 $0 7.95%
    Home Purchase 11 $1,105,000 $100,455 $0 5.08%
    Refi 7 $475,000 $67,857 $0 5.12%
    Cash Out Refi 6 $550,000 $91,667 $0 4.88%
    Other 1 $95,000 $95,000 $0 5.69%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 15 $1,695,000 $113,000 $0 7.56%
    30 Year 12 $1,440,000 $120,000 $0 5.49%
    15 Year 10 $850,000 $85,000 $0 4.77%
    Other 2 $160,000 $80,000 $0 5.49%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,470,000 $66,818 $0 6.88%
    $100k-200k 13 $1,725,000 $132,692 $0 5.10%
    $200k-400k 4 $950,000 $237,500 $0 5.08%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $1,755,000 $76,304 $0 6.88%
    $50k-75k 5 $545,000 $109,000 $0 4.87%
    $150k-250k 4 $570,000 $142,500 $0 4.67%
    $75k-100k 4 $740,000 $185,000 $0 5.53%
    $100k-150k 3 $535,000 $178,333 $0 4.82%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 8 $990,000 $123,750 $0 4.81%
    30-36% 5 $535,000 $107,000 $0 4.96%
    39% 4 $220,000 $55,000 $0 4.90%
    38% 3 $475,000 $158,333 $0 4.76%
    44% 3 $245,000 $81,667 $0 18.55%
    40% 3 $225,000 $75,000 $0 4.89%
    37% 3 $275,000 $91,667 $0 5.41%
    49% 2 $170,000 $85,000 $0 5.07%
    43% 2 $280,000 $140,000 $0 5.34%
    <20% 2 $260,000 $130,000 $0 5.07%
    36% 1 $115,000 $115,000 $0 5.69%
    45% 1 $95,000 $95,000 $0 5.69%
    42% 1 $215,000 $215,000 $0 6.65%
    48% 1 $45,000 $45,000 $0 5.35%

    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 applications
    96.43%

    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 origination
    64.10%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 39 $4,145,000 $106,282

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $90,000 $45,000 $0 4.87%
    40-60% 5 $375,000 $75,000 $0 4.61%
    60-80% 16 $1,700,000 $106,250 $0 5.39%
    80-100% 15 $1,895,000 $126,333 $0 7.56%
    Under 20% 1 $85,000 $85,000 $0 5.69%