Cooperativa De Ahorro Y Credito Jesus Obrero Mortgage Rates, Fees & Info
Guaynabo,LEI: 549300UZ22L3KMKOI185
Tax ID: 66-0267388
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Mortgage Data
Review & Overview
Cooperativa De Ahorro Y Credito Jesus Obrero is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Cooperativa De Ahorro Y Credito Jesus Obrero has a high proportion of conventional loans. Their top (well, only) market is San Juan.Cooperativa De Ahorro Y Credito Jesus Obrero has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Cooperativa De Ahorro Y Credito Jesus Obrero 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.00% | 11/22/24 |
| 30 Year Conventional Refi | 6.64% | 11/22/24 |
| 30 Year Cash-out Refi | 6.27% | 11/22/24 |
| 30 Year USDA Purchase | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 5.68% | 11/22/24 |
| 15 Year Conventional Refi | 6.26% | 11/22/24 |
| 15 Year Cash-out Refi | 6.26% | 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 Jesus Obrero Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
17Origination Dollar Volume (All Markets)
$1,975,000Top 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) | 17 | $1,975,000 | $116,176 | $5,871 | 6.17% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Cooperativa de Ahorro y Credito Jesus Obrero 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 | 17 | $1,975,000 | $116,176 | $5,871 | 6.17% |
For 2019, Cooperativa De Ahorro Y Credito Jesus Obrero's most frequently originated type of loan was Conventional, with 17 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 11 | $1,445,000 | $131,364 | $6,357 | 6.20% |
| Cash Out Refi | 6 | $530,000 | $88,333 | $4,738 | 6.13% |
For 2019, Cooperativa De Ahorro Y Credito Jesus Obrero's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
For 2019, Cooperativa De Ahorro Y Credito Jesus Obrero's most frequently cited loan duration was 30 Year, with 11 originations. The 2nd most popular length was 10 Year, with 2 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $2k-3k | 3 | $285,000 | $95,000 |
| $1k-2k | 2 | $100,000 | $50,000 |
| $3k-4k | 2 | $230,000 | $115,000 |
| $5k+ | 2 | $690,000 | $345,000 |
| $<1k | 1 | $15,000 | $15,000 |
Cooperativa De Ahorro Y Credito Jesus Obrero's average total fees were $8,096, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 10 | $980,000 | $98,000 |
| 5-6% | 5 | $445,000 | $89,000 |
| 4-5% | 2 | $550,000 | $275,000 |
During 2019, Cooperativa De Ahorro Y Credito Jesus Obrero's average interest rate for loans was 6.16%, while their most frequently originated rate bucket for loans was 6-7%, with 10 originations.
Loan Sizing
2019 saw Cooperativa De Ahorro Y Credito Jesus Obrero place emphasis on $100,000 or less loans with 8 originations, totaling $480,000 in origination value.
Applicant Income
Cooperativa De Ahorro Y Credito Jesus Obrero lent most frequently to those with incomes in the $50k or less range, with 6 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
Cooperativa De Ahorro Y Credito Jesus Obrero lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? <20%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 14 | $1,800,000 | $128,571 | $6,837 | 6.16% |
| Black | 3 | $175,000 | $58,333 | $2,007 | 6.25% |
Approval Rates
Total approvals of all applications81.82%
Cooperativa De Ahorro Y Credito Jesus Obrero has a below average approval rate.
Pick Rate
Approvals leading to origination94.12%
Cooperativa De Ahorro Y Credito Jesus Obrero has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 17 | $1,975,000 | $116,176 |