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:
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
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
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:
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.
Similarity Rank: 14
Similarity Rank: 72
Similarity Rank: 110
Similarity Rank: 154
Similarity Rank: 182
Similarity Rank: 418
Similarity Rank: 1872
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 |