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. They have an average proportion of FHA 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 a low 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 | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 30 Year FHA Purchase | 6.27% | 11/21/24 |
| 30 Year USDA Purchase | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 5.68% | 11/21/24 |
| 15 Year Conventional Refi | 5.68% | 11/21/24 |
| 15 Year Cash-out Refi | 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 Aguas Buenas Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
12Origination Dollar Volume (All Markets)
$920,000Top 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 |
|---|---|---|---|---|---|
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 12 | $920,000 | $76,667 | $4,543 | 4.46% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 7 | $475,000 | $67,857 | $3,957 | 5.44% |
| USDA | 3 | $265,000 | $88,333 | $6,436 | 3.00% |
| FHA | 2 | $180,000 | $90,000 | $3,822 | 3.25% |
For 2021, Cooperativa De Ahorro Y Credito Aguas Buenas's most frequently originated type of loan was Conventional, with 7 originations. Their 2nd most popular type was USDA, with 3 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 9 | $635,000 | $70,556 | $4,543 | 3.80% |
| Cash Out Refi | 2 | $230,000 | $115,000 | $0 | 6.43% |
| Refi | 1 | $55,000 | $55,000 | $0 | 6.50% |
For 2021, Cooperativa De Ahorro Y Credito Aguas Buenas's most frequently cited loan purpose was Home Purchase, with 9 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 |
|---|---|---|---|---|---|
| 30 Year | 10 | $830,000 | $83,000 | $4,543 | 4.36% |
| 20 Year | 1 | $35,000 | $35,000 | $0 | 3.50% |
| Other | 1 | $55,000 | $55,000 | $0 | 6.50% |
For 2021, Cooperativa De Ahorro Y Credito Aguas Buenas's most frequently cited loan duration was 30 Year, with 10 originations. The 2nd most popular length was 20 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 3 | $165,000 | $55,000 |
| $3k-4k | 1 | $115,000 | $115,000 |
Cooperativa De Ahorro Y Credito Aguas Buenas's average total fees were $4,543, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 4 | $310,000 | $77,500 |
| 3-4% | 3 | $205,000 | $68,333 |
| 5-6% | 3 | $235,000 | $78,333 |
| 6-7% | 2 | $170,000 | $85,000 |
During 2021, Cooperativa De Ahorro Y Credito Aguas Buenas's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 2.5-3%, with 4 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 8 | $440,000 | $55,000 | $3,912 | 4.28% |
| $100k-200k | 4 | $480,000 | $120,000 | $6,436 | 4.84% |
2021 saw Cooperativa De Ahorro Y Credito Aguas Buenas place emphasis on $100,000 or less loans with 8 originations, totaling $440,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 10 | $750,000 | $75,000 | $4,543 | 4.01% |
| $50k-75k | 2 | $170,000 | $85,000 | $0 | 6.73% |
Cooperativa De Ahorro Y Credito Aguas Buenas lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $50k-75k, with 2 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito Aguas Buenas lent most frequently to those with DTI ratios of 20-30%, with 4 originations. The next most common DTI ratio? 44%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 12 | $920,000 | $76,667 | $4,543 | 4.46% |
Approval Rates
Total approvals of all applications95.00%
Cooperativa De Ahorro Y Credito Aguas Buenas has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1241.68 | 1 | $35,000 | $35,000 |
| 1852.12 | 1 | $65,000 | $65,000 |
| 2516.76 | 1 | $115,000 | $115,000 |
| 2559.2 | 1 | $85,000 | $85,000 |
| 3608.06 | 1 | $135,000 | $135,000 |
| 3856.7 | 1 | $115,000 | $115,000 |
| 746.26 | 1 | $35,000 | $35,000 |
| NA | 5 | $335,000 | $67,000 |