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, 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. 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 about average rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 5/4/24 |
| 30 Year Conventional Refi | 6.27% | 5/4/24 |
| 30 Year Cash-out Refi | 6.27% | 5/4/24 |
| 15 Year Conventional Purchase | 5.68% | 5/4/24 |
| 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
52Origination Dollar Volume (All Markets)
$6,130,000Top 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) | 35 | $4,135,000 | $118,143 | $5,263 | 4.15% |
| Arecibo, PR (FHA|USDA|VA) | 12 | $1,390,000 | $115,833 | $6,038 | 4.18% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,500 | 3.89% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $6,504 | 4.44% |
| PONCE, PR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.59% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 52 | $6,130,000 | $117,885 | $5,578 | 4.15% |
For 2021, Cooperativa De Ahorro Y Credito De Isabela's most frequently originated type of loan was Conventional, with 52 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 32 | $4,060,000 | $126,875 | $6,118 | 4.09% |
| Home Purchase | 17 | $1,895,000 | $111,471 | $4,695 | 4.34% |
| Refi | 3 | $175,000 | $58,333 | $0 | 3.69% |
For 2021, Cooperativa De Ahorro Y Credito De Isabela's most frequently cited loan purpose was Cash Out Refi, with 32 originations. The 2nd most popular reason was Home Purchase, with 17 originations.
Loan Duration/Length
For 2021, Cooperativa De Ahorro Y Credito De Isabela's most frequently cited loan duration was 30 Year, with 34 originations. The 2nd most popular length was 20 Year, with 9 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 18 | $1,800,000 | $100,000 |
| $2k-3k | 5 | $715,000 | $143,000 |
| $<1k | 2 | $110,000 | $55,000 |
| $3k-4k | 2 | $400,000 | $200,000 |
| $5k+ | 1 | $365,000 | $365,000 |
Cooperativa De Ahorro Y Credito De Isabela's average total fees were $5,507, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 18 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 44 | $5,120,000 | $116,364 |
| 4-5% | 4 | $450,000 | $112,500 |
| 6-7% | 3 | $335,000 | $111,667 |
| 5-6% | 1 | $225,000 | $225,000 |
During 2021, Cooperativa De Ahorro Y Credito De Isabela's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was 3-4%, with 44 originations.
Loan Sizing
2021 saw Cooperativa De Ahorro Y Credito De Isabela place emphasis on $100k-200k loans with 25 originations, totaling $3,205,000 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 35 originations. The second most popular income band? $50k-75k, with 10 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 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.00%
Cooperativa De Ahorro Y Credito De Isabela has an average approval rate.
Pick Rate
Approvals leading to origination73.08%
Cooperativa De Ahorro Y Credito De Isabela has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 52 | $6,130,000 | $117,885 |