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 a below average approval rate when compared to the average across all lenders. They have a below 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
15Origination Dollar Volume (All Markets)
$1,925,000Top 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) | 15 | $1,925,000 | $128,333 | $5,427 | 5.41% |
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 | 14 | $1,790,000 | $127,857 | $5,401 | 5.59% |
| USDA | 1 | $135,000 | $135,000 | $5,791 | 3.00% |
For 2020, Cooperativa De Ahorro Y Credito Jesus Obrero's most frequently originated type of loan was Conventional, with 14 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2020, Cooperativa De Ahorro Y Credito Jesus Obrero's most frequently cited loan purpose was Home Purchase, with 9 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 11 | $1,265,000 | $115,000 | $5,441 | 5.90% |
| 15 Year | 3 | $575,000 | $191,667 | $5,894 | 3.33% |
| Other | 1 | $85,000 | $85,000 | $3,868 | 6.25% |
For 2020, 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 15 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 4 | $250,000 | $62,500 |
| $2k-3k | 4 | $440,000 | $110,000 |
| $5k+ | 3 | $635,000 | $211,667 |
| $3k-4k | 2 | $300,000 | $150,000 |
| $4k-5k | 2 | $300,000 | $150,000 |
Cooperativa De Ahorro Y Credito Jesus Obrero's average total fees were $5,441, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 6 | $840,000 | $140,000 |
| 6-7% | 5 | $505,000 | $101,000 |
| <2.5% | 2 | $370,000 | $185,000 |
| 2.5-3% | 1 | $135,000 | $135,000 |
| 7-8% | 1 | $75,000 | $75,000 |
During 2020, Cooperativa De Ahorro Y Credito Jesus Obrero's average interest rate for loans was 5.90%, while their most frequently originated rate bucket for loans was 5-6%, with 6 originations.
Loan Sizing
2020 saw Cooperativa De Ahorro Y Credito Jesus Obrero place emphasis on $100k-200k loans with 8 originations, totaling $1,150,000 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 7 originations. The second most popular income band? $250k+, with 4 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 5 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 9 | $1,255,000 | $139,444 | $5,790 | 5.49% |
| Black | 6 | $670,000 | $111,667 | $4,881 | 5.29% |
Approval Rates
Total approvals of all applications62.50%
Cooperativa De Ahorro Y Credito Jesus Obrero has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination66.67%
Cooperativa De Ahorro Y Credito Jesus Obrero has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 15 | $1,925,000 | $128,333 |