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 and Cash Out Refi loans. Cooperativa De Ahorro Y Credito De Camuy has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Arecibo, San Juan, Aguadilla, and San GermÁn 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 Camuy has an 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% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.46% | 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 Camuy Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
69Origination Dollar Volume (All Markets)
$7,085,000Top 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 |
|---|---|---|---|---|---|
| Arecibo, PR (FHA|USDA|VA) | 50 | $4,530,000 | $90,600 | $5,546 | 6.08% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 9 | $1,185,000 | $131,667 | $4,873 | 5.47% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 7 | $785,000 | $112,143 | $5,818 | 5.13% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $6,087 | 6.22% |
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
For 2018, Cooperativa De Ahorro Y Credito De Camuy's most frequently originated type of loan was Conventional, with 60 originations. Their 2nd most popular type was FHA, with 4 originations.
Loan Reason
For 2018, Cooperativa De Ahorro Y Credito De Camuy's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.
Loan Duration/Length
For 2018, Cooperativa De Ahorro Y Credito De Camuy's most frequently cited loan duration was 30 Year, with 50 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
Cooperativa De Ahorro Y Credito De Camuy's average total fees were $6,229, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 21 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 32 | $3,540,000 | $110,625 |
| 6-7% | 21 | $1,705,000 | $81,190 |
| 4-5% | 13 | $1,515,000 | $116,538 |
| 3-4% | 2 | $250,000 | $125,000 |
| Over 8% | 1 | $75,000 | $75,000 |
During 2018, Cooperativa De Ahorro Y Credito De Camuy's average interest rate for loans was 5.78%, while their most frequently originated rate bucket for loans was 5-6%, with 32 originations.
Loan Sizing
2018 saw Cooperativa De Ahorro Y Credito De Camuy place emphasis on $100,000 or less loans with 38 originations, totaling $2,470,000 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 43 originations. The second most popular income band? $50k-75k, with 14 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 15 originations. The next most common DTI ratio? 50-60%, with 12 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 68 | $6,970,000 | $102,500 | $5,518 | 5.91% |
| American Indian | 1 | $115,000 | $115,000 | $4,619 | 5.95% |
Approval Rates
Total approvals of all applications89.61%
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 | 69 | $7,085,000 | $102,681 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 64 | $6,690,000 | $104,531 |
| Single Family (1-4 Units):Site-Built | 5 | $395,000 | $79,000 |