San Rafael Coop Mortgage Rates, Fees & Info
Quebradillas,LEI: 549300WBMOZ68L65GY91
Tax ID: 66-0224450
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Mortgage Data
Review & Overview
San Rafael Coop is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. San Rafael Coop has a high proportion of conventional loans. Their top markets by origination volume include: Arecibo, San GermÁn, San Juan, Aguadilla, and Ponce among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)San Rafael Coop has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. San Rafael Coop 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 | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 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. | ||
San Rafael Coop Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
24Origination Dollar Volume (All Markets)
$2,780,000Awards
SAN RAFAEL COOP - 2023
SAN RAFAEL COOP is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
San Rafael Coop's average 30 year fixed mortgage rate was
6.08%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.4%.
Relative Fees (Closing Costs)
San Rafael Coop's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,860.
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 $9,089.
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 |
|---|---|---|---|---|---|
| Arecibo, PR (FHA|USDA|VA) | 11 | $1,095,000 | $99,545 | $5,613 | 5.73% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 8 | $680,000 | $85,000 | $5,999 | 5.94% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,992 | 5.38% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $10,002 | 6.18% |
| PONCE, PR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,709 | 5.85% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $2,780,000 | $115,833 | $6,157 | 5.81% |
For 2023, San Rafael Coop's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
For 2023, San Rafael Coop's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
For 2023, San Rafael Coop's most frequently cited loan duration was 30 Year, with 17 originations. The 2nd most popular length was 15 Year, with 5 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 7 | $405,000 | $57,857 |
| $2k-3k | 5 | $405,000 | $81,000 |
| $3k-4k | 4 | $480,000 | $120,000 |
| $4k-5k | 3 | $445,000 | $148,333 |
| $5k+ | 2 | $480,000 | $240,000 |
San Rafael Coop's average total fees were $6,860, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 13 | $1,115,000 | $85,769 |
| 6-7% | 8 | $1,090,000 | $136,250 |
| 4-5% | 3 | $575,000 | $191,667 |
During 2023, San Rafael Coop's average interest rate for loans was 6.08%, while their most frequently originated rate bucket for loans was 5-6%, with 13 originations.
Loan Sizing
2023 saw San Rafael Coop place emphasis on $100,000 or less loans with 13 originations, totaling $855,000 in origination value.
Applicant Income
San Rafael Coop lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
San Rafael Coop lent most frequently to those with DTI ratios of 20-30%, with 4 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 | 24 | $2,780,000 | $115,833 | $6,157 | 5.81% |
Approval Rates
Total approvals of all applications91.18%
San Rafael Coop has an average approval rate.
Pick Rate
Approvals leading to origination79.17%
San Rafael Coop has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 24 | $2,780,000 | $115,833 |