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. Their top markets by origination volume include: Arecibo, San Juan, Aguadilla, San GermÁn, and Ponce 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% | 5/4/24 |
| 30 Year Conventional Refi | 6.27% | 5/4/24 |
| 30 Year Cash-out Refi | 6.46% | 5/4/24 |
| 15 Year Conventional Purchase | 5.68% | 5/4/24 |
| 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
81Origination Dollar Volume (All Markets)
$9,065,000Top 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) | 52 | $5,030,000 | $96,731 | $4,512 | 5.61% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 15 | $2,515,000 | $167,667 | $5,727 | 5.92% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 10 | $1,030,000 | $103,000 | $4,614 | 5.32% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $5,040 | 4.28% |
| PONCE, PR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.95% |
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 | 81 | $9,065,000 | $111,914 | $4,749 | 5.60% |
For 2022, Cooperativa De Ahorro Y Credito De Camuy's most frequently originated type of loan was Conventional, with 81 originations.
Loan Reason
For 2022, Cooperativa De Ahorro Y Credito De Camuy's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
For 2022, Cooperativa De Ahorro Y Credito De Camuy's most frequently cited loan duration was 30 Year, with 62 originations. The 2nd most popular length was 20 Year, with 8 originations.
Origination Fees/Closing Costs
Cooperativa De Ahorro Y Credito De Camuy's average total fees were $5,042, 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 |
|---|---|---|---|
| 6-7% | 25 | $2,895,000 | $115,800 |
| 5-6% | 22 | $3,190,000 | $145,000 |
| 4-5% | 20 | $1,700,000 | $85,000 |
| 3-4% | 12 | $1,170,000 | $97,500 |
| 7-8% | 2 | $110,000 | $55,000 |
During 2022, Cooperativa De Ahorro Y Credito De Camuy's average interest rate for loans was 5.55%, while their most frequently originated rate bucket for loans was 6-7%, with 25 originations.
Loan Sizing
2022 saw Cooperativa De Ahorro Y Credito De Camuy place emphasis on $100,000 or less loans with 44 originations, totaling $2,770,000 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 51 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 50-60%, with 13 originations. The next most common DTI ratio? 20-30%, with 12 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 78 | $8,660,000 | $111,026 | $4,699 | 5.63% |
| American Indian | 3 | $405,000 | $135,000 | $6,214 | 4.95% |
Approval Rates
Total approvals of all applications94.19%
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 | 81 | $9,065,000 | $111,914 |