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 Refi loans. Cooperativa De Ahorro Y Credito De Camuy has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Arecibo, San Juan, Aguadilla, San GermÁn, and Santa Isabel among others. We have data for 6 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 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% | 11/21/24 |
| 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
144Origination Dollar Volume (All Markets)
$16,620,000Top 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) | 92 | $9,540,000 | $103,696 | $4,801 | 4.83% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 27 | $3,635,000 | $134,630 | $6,046 | 4.63% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 19 | $2,435,000 | $128,158 | $5,842 | 4.91% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $5,880 | 4.22% |
| Santa Isabel, PR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $14,197 | 3.95% |
| PONCE, PR (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $4,503 | 4.35% |
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 | 141 | $16,135,000 | $114,433 | $5,168 | 4.82% |
| FHA | 2 | $350,000 | $175,000 | $12,116 | 2.75% |
| VA | 1 | $135,000 | $135,000 | $5,356 | 2.75% |
For 2021, Cooperativa De Ahorro Y Credito De Camuy's most frequently originated type of loan was Conventional, with 141 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2021, Cooperativa De Ahorro Y Credito De Camuy's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
For 2021, Cooperativa De Ahorro Y Credito De Camuy's most frequently cited loan duration was 30 Year, with 85 originations. The 2nd most popular length was 15 Year, with 26 originations.
Origination Fees/Closing Costs
Cooperativa De Ahorro Y Credito De Camuy's average total fees were $6,316, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 37 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 57 | $7,475,000 | $131,140 |
| 4-5% | 51 | $6,095,000 | $119,510 |
| 5-6% | 19 | $1,515,000 | $79,737 |
| 6-7% | 14 | $1,050,000 | $75,000 |
| 2.5-3% | 3 | $485,000 | $161,667 |
During 2021, Cooperativa De Ahorro Y Credito De Camuy's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 3-4%, with 57 originations.
Loan Sizing
2021 saw Cooperativa De Ahorro Y Credito De Camuy place emphasis on $100,000 or less loans with 69 originations, totaling $4,705,000 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 85 originations. The second most popular income band? $50k-75k, with 23 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito De Camuy lent most frequently to those with DTI ratios of 30-36%, with 26 originations. The next most common DTI ratio? 20-30%, with 25 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 142 | $16,460,000 | $115,915 | $5,320 | 4.75% |
| American Indian | 2 | $160,000 | $80,000 | $2,678 | 6.45% |
Approval Rates
Total approvals of all applications100.00%
Cooperativa De Ahorro Y Credito De Camuy has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3623.2 | 1 | $255,000 | $255,000 |
| NA | 143 | $16,365,000 | $114,441 |