Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi) Mortgage Rates, Fees & Info
SANTA ISABEL,LEI: 549300QHKPYDSS5W8T62
Tax ID: 66-0258299
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Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi) is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi) has a high proportion of conventional loans. Their top markets by origination volume include: San GermÁn, Santa Isabel, Guayama, and Ponce among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi) 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 Santa Isabel (cacsi) is typically a low 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 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% | 3/24/24 |
| 30 Year USDA Purchase | 6.27% | 3/24/24 |
| 15 Year Conventional Refi | 5.68% | 3/24/24 |
| 15 Year Cash-out Refi | 5.68% | 3/24/24 |
| 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 Santa Isabel (cacsi) Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
8Origination Dollar Volume (All Markets)
$830,000Relative Rate
Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi)'s average 30 year fixed mortgage rate was
5.46%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.7%.
Relative Fees (Closing Costs)
Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi)'s average total fees/closing costs for a 30 year fixed rate
mortgage were $4,153.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| SAN GERMÁN, PR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $213,229 | 5.75% |
| Santa Isabel, PR (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $4,293 | 3.83% |
| GUAYAMA, PR (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $5,208 | 5.75% |
| PONCE, PR (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $3,338 | 6.75% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 6 | $650,000 | $108,333 | $45,356 | 5.58% |
| USDA | 2 | $180,000 | $90,000 | $5,606 | 4.38% |
For 2022, Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi)'s most frequently originated type of loan was Conventional, with 6 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 6 | $350,000 | $58,333 | $4,153 | 5.46% |
| Refi | 1 | $75,000 | $75,000 | $3,999 | 3.75% |
| Cash Out Refi | 1 | $405,000 | $405,000 | $213,229 | 5.75% |
For 2022, Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi)'s most frequently cited loan purpose was Home Purchase, with 6 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 6 | $350,000 | $58,333 | $4,153 | 5.46% |
| 15 Year | 1 | $75,000 | $75,000 | $3,999 | 3.75% |
| 20 Year | 1 | $405,000 | $405,000 | $213,229 | 5.75% |
For 2022, Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi)'s most frequently cited loan duration was 30 Year, with 6 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 3 | $135,000 | $45,000 |
| $2k-3k | 2 | $160,000 | $80,000 |
| $3k-4k | 1 | $95,000 | $95,000 |
| $5k+ | 1 | $405,000 | $405,000 |
Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi)'s average total fees were $4,153, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 3 | $525,000 | $175,000 |
| 6-7% | 2 | $90,000 | $45,000 |
| 2.5-3% | 1 | $95,000 | $95,000 |
| 3-4% | 1 | $75,000 | $75,000 |
| 4-5% | 1 | $45,000 | $45,000 |
During 2022, Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi)'s average interest rate for loans was 5.46%, while their most frequently originated rate bucket for loans was 5-6%, with 3 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 7 | $425,000 | $60,714 | $4,127 | 5.21% |
| $400k-600k | 1 | $405,000 | $405,000 | $213,229 | 5.75% |
2022 saw Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi) place emphasis on $100,000 or less loans with 7 originations, totaling $425,000 in origination value.
Applicant Income
Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi) lent most frequently to those with incomes in the $50k or less range, with 4 originations. The second most popular income band? $50k-75k, with 2 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi) lent most frequently to those with DTI ratios of 20-30%, with 4 originations. The next most common DTI ratio? 37%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 8 | $830,000 | $103,750 | $33,999 | 5.28% |
Approval Rates
Total approvals of all applications100.00%
Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi) has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination62.50%
Cooperativa De Ahorro Y Credito De Santa Isabel (cacsi) 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 | 8 | $830,000 | $103,750 |