Cooperativa De Ahorro Y Credito Aguas Buenas Mortgage Rates, Fees & Info
Aguas Buenas,LEI: 549300TDL15I36FDWZ79
Tax ID: 66-0262500
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Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito Aguas Buenas is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Cooperativa De Ahorro Y Credito Aguas Buenas has a high proportion of conventional loans. Their top (well, only) market is San Juan.Cooperativa De Ahorro Y Credito Aguas Buenas has an above average approval rate when compared to the average across all lenders. Cooperativa De Ahorro Y Credito Aguas Buenas 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 | 8.05% | 4/5/25 |
| 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 Aguas Buenas Mortgage Calculator
Your Estimates
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This is not an official calculator from Cooperativa De Ahorro Y Credito Aguas Buenas. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
7Origination Dollar Volume (All Markets)
$2,325,000Relative Rate
Cooperativa De Ahorro Y Credito Aguas Buenas's average 30 year fixed mortgage rate was
7.45%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.9%.
Relative Fees (Closing Costs)
Cooperativa De Ahorro Y Credito Aguas Buenas's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,036.
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 $8,356.
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 |
|---|---|---|---|---|---|
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 7 | $2,325,000 | $332,143 | $19,762 | 9.12% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 7 | $2,325,000 | $332,143 | $19,762 | 9.12% |
For 2024, Cooperativa De Ahorro Y Credito Aguas Buenas's most frequently originated type of loan was Conventional, with 7 originations.
Loan Reason
For 2024, Cooperativa De Ahorro Y Credito Aguas Buenas's most frequently cited loan purpose was Home Purchase, with 4 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 5 | $2,075,000 | $415,000 | $25,282 | 9.68% |
| 30 Year | 1 | $95,000 | $95,000 | $9,036 | 7.45% |
| Other | 1 | $155,000 | $155,000 | $2,887 | 8.00% |
For 2024, Cooperativa De Ahorro Y Credito Aguas Buenas's most frequently cited loan duration was 20 Year, with 5 originations. The 2nd most popular length was 30 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 4 | $1,900,000 | $475,000 |
| $2k-3k | 2 | $270,000 | $135,000 |
Cooperativa De Ahorro Y Credito Aguas Buenas's average total fees were $9,036, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 5 | $2,075,000 | $415,000 |
| 7-8% | 2 | $250,000 | $125,000 |
During 2024, Cooperativa De Ahorro Y Credito Aguas Buenas's average interest rate for loans was 7.45%, while their most frequently originated rate bucket for loans was Over 8%, with 5 originations.
Loan Sizing
2024 saw Cooperativa De Ahorro Y Credito Aguas Buenas place emphasis on $100k-200k loans with 4 originations, totaling $620,000 in origination value.
Applicant Income
Cooperativa De Ahorro Y Credito Aguas Buenas lent most frequently to those with incomes in the $50k or less range, with 3 originations. The second most popular income band? $100k-150k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 50-60% | 3 | $1,445,000 | $481,667 | $24,028 | 9.47% |
| 30-36% | 2 | $600,000 | $300,000 | $26,408 | 8.73% |
| >60% | 1 | $125,000 | $125,000 | $10,544 | 10.00% |
Cooperativa De Ahorro Y Credito Aguas Buenas lent most frequently to those with DTI ratios of 50-60%, with 3 originations. The next most common DTI ratio? 30-36%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 3 | $1,735,000 | $578,333 | $34,166 | 9.65% |
| White | 4 | $590,000 | $147,500 | $8,958 | 8.73% |
Approval Rates
Total approvals of all applications100.00%
Cooperativa De Ahorro Y Credito Aguas Buenas 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 |
|---|---|---|---|
| NA | 7 | $2,325,000 | $332,143 |