Cooperativa De Ahorro Y Credito De Camuy Mortgage Rates, Fees & Info
Camuy,LEI: 549300T69MHCQOIC3F90
Tax ID: 66-0219584
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Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito De Camuy is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Cooperativa De Ahorro Y Credito De Camuy has a high proportion of conventional loans. Their top markets by origination volume include: Arecibo, San Juan, Aguadilla, Ponce, and Guayama 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 Camuy has an above average approval rate when compared to the average across all lenders. Cooperativa De Ahorro Y Credito De Camuy 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 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 | 7.02% | 4/21/24 |
| 30 Year Conventional Refi | 6.27% | 4/21/24 |
| 30 Year Cash-out Refi | 6.46% | 4/21/24 |
| 15 Year Conventional Purchase | 5.68% | 4/21/24 |
| 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 Camuy Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
119Origination Dollar Volume (All Markets)
$15,815,000Relative Rate
Cooperativa De Ahorro Y Credito De Camuy's average 30 year fixed mortgage rate was
6.58%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.1%.
Relative Fees (Closing Costs)
Cooperativa De Ahorro Y Credito De Camuy's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,164.
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 $9,089.
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 |
|---|---|---|---|---|---|
| Arecibo, PR (FHA|USDA|VA) | 66 | $6,890,000 | $104,394 | $5,384 | 6.67% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 27 | $4,335,000 | $160,556 | $6,716 | 6.62% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 23 | $4,105,000 | $178,478 | $7,505 | 6.72% |
| PONCE, PR (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $7,088 | 6.85% |
| GUAYAMA, PR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,106 | 7.25% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against COOPERATIVA DE AHORRO Y CREDITO DE CAMUY 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 | 119 | $15,815,000 | $132,899 | $6,142 | 6.68% |
For 2023, Cooperativa De Ahorro Y Credito De Camuy's most frequently originated type of loan was Conventional, with 119 originations.
Loan Reason
For 2023, Cooperativa De Ahorro Y Credito De Camuy's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.
Loan Duration/Length
For 2023, Cooperativa De Ahorro Y Credito De Camuy's most frequently cited loan duration was 30 Year, with 87 originations. The 2nd most popular length was 20 Year, with 13 originations.
Origination Fees/Closing Costs
Cooperativa De Ahorro Y Credito De Camuy's average total fees were $6,164, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 32 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 73 | $8,845,000 | $121,164 |
| 5-6% | 29 | $4,605,000 | $158,793 |
| 7-8% | 15 | $2,265,000 | $151,000 |
| Over 8% | 2 | $100,000 | $50,000 |
During 2023, Cooperativa De Ahorro Y Credito De Camuy's average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was 6-7%, with 73 originations.
Loan Sizing
2023 saw Cooperativa De Ahorro Y Credito De Camuy place emphasis on $100k-200k loans with 57 originations, totaling $8,195,000 in origination value.
Applicant Income
Cooperativa De Ahorro Y Credito De Camuy lent most frequently to those with incomes in the $50k or less range, with 59 originations. The second most popular income band? $50k-75k, with 20 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito De Camuy lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? 30-36%, with 15 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 118 | $15,630,000 | $132,458 | $6,113 | 6.68% |
| Black | 1 | $185,000 | $185,000 | $8,986 | 6.75% |
Approval Rates
Total approvals of all applications94.44%
Cooperativa De Ahorro Y Credito De Camuy has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 119 | $15,815,000 | $132,899 |