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, Arecibo, San Juan, San GermÁn, and MayagÜez 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.
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% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 5.68% | 11/21/24 |
| 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
96Origination Dollar Volume (All Markets)
$8,960,000Awards
COOPERATIVA DE AHORRO Y CREDITO DE ISABELA - 2022
COOPERATIVA DE AHORRO Y CREDITO DE ISABELA is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 72 | $6,950,000 | $96,528 | $4,438 | 5.25% |
| Arecibo, PR (FHA|USDA|VA) | 7 | $985,000 | $140,714 | $11,358 | 5.62% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 8 | $580,000 | $72,500 | $3,676 | 5.98% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 6 | $290,000 | $48,333 | $3,387 | 6.93% |
| MAYAGÜEZ, PR (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $2,176 | 5.41% |
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 | 96 | $8,960,000 | $93,333 | $4,400 | 5.45% |
For 2022, Cooperativa De Ahorro Y Credito De Isabela's most frequently originated type of loan was Conventional, with 96 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 50 | $3,580,000 | $71,600 | $3,805 | 6.13% |
| Cash Out Refi | 44 | $5,200,000 | $118,182 | $5,263 | 4.71% |
| Refi | 2 | $180,000 | $90,000 | $0 | 4.87% |
For 2022, Cooperativa De Ahorro Y Credito De Isabela's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.
Loan Duration/Length
For 2022, Cooperativa De Ahorro Y Credito De Isabela's most frequently cited loan duration was 30 Year, with 49 originations. The 2nd most popular length was 20 Year, with 32 originations.
Origination Fees/Closing Costs
Cooperativa De Ahorro Y Credito De Isabela's average total fees were $5,552, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 26 originations.
Interest Rates
During 2022, Cooperativa De Ahorro Y Credito De Isabela's average interest rate for loans was 5.02%, while their most frequently originated rate bucket for loans was 3-4%, with 28 originations.
Loan Sizing
2022 saw Cooperativa De Ahorro Y Credito De Isabela place emphasis on $100,000 or less loans with 64 originations, totaling $3,700,000 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 52 originations. The second most popular income band? $75k-100k, with 15 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 17 originations. The next most common DTI ratio? 30-36%, with 17 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 96 | $8,960,000 | $93,333 | $4,400 | 5.45% |
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 origination60.42%
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 | 96 | $8,960,000 | $93,333 |