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 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, MayagÜez, San GermÁn, and Aguadilla 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. They have a below average pick rate when compared to similar 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 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 | 7.02% | 11/22/24 |
| 30 Year Conventional Refi | 6.27% | 11/22/24 |
| 30 Year Cash-out Refi | 6.46% | 11/22/24 |
| 15 Year Conventional Purchase | 5.68% | 11/22/24 |
| 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
58Origination Dollar Volume (All Markets)
$7,170,000Top 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) | 33 | $3,715,000 | $112,576 | $4,718 | 4.92% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 17 | $2,465,000 | $145,000 | $5,117 | 4.84% |
| MAYAGÜEZ, PR (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,063 | 3.95% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $4,965 | 5.82% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $4,213 | 4.55% |
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 | 58 | $7,170,000 | $123,621 | $4,873 | 4.89% |
For 2020, Cooperativa De Ahorro Y Credito De Camuy's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
For 2020, Cooperativa De Ahorro Y Credito De Camuy's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.
Loan Duration/Length
For 2020, Cooperativa De Ahorro Y Credito De Camuy's most frequently cited loan duration was 30 Year, with 31 originations. The 2nd most popular length was 20 Year, with 10 originations.
Origination Fees/Closing Costs
Cooperativa De Ahorro Y Credito De Camuy's average total fees were $5,452, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 22 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 20 | $2,750,000 | $137,500 |
| 4-5% | 16 | $2,430,000 | $151,875 |
| 5-6% | 14 | $1,320,000 | $94,286 |
| 6-7% | 6 | $420,000 | $70,000 |
| 2.5-3% | 2 | $250,000 | $125,000 |
During 2020, Cooperativa De Ahorro Y Credito De Camuy's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 3-4%, with 20 originations.
Loan Sizing
2020 saw Cooperativa De Ahorro Y Credito De Camuy place emphasis on $100,000 or less loans with 27 originations, totaling $1,825,000 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 26 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 9 originations. The next most common DTI ratio? 50-60%, with 8 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 58 | $7,170,000 | $123,621 | $4,873 | 4.89% |
Approval Rates
Total approvals of all applications90.43%
Cooperativa De Ahorro Y Credito De Camuy has an average approval rate.
Pick Rate
Approvals leading to origination53.45%
Cooperativa De Ahorro Y Credito De Camuy 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 | 58 | $7,170,000 | $123,621 |