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 Cash Out Refi, Home Purchase, and Refi loans. San Rafael Coop has a high proportion of conventional loans. Their top markets by origination volume include: Arecibo, Yauco, Aguadilla, San GermÁn, and San Juan among others. We have data for 6 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 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 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% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 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. | ||
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
29Origination Dollar Volume (All Markets)
$1,845,000Top 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 |
|---|---|---|---|---|---|
| Arecibo, PR (FHA|USDA|VA) | 17 | $1,075,000 | $63,235 | $3,156 | 5.50% |
| YAUCO, PR (FHA|USDA|VA) | 4 | $230,000 | $57,500 | $2,903 | 5.81% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $3,037 | 5.25% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $4,167 | 6.25% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $4,327 | 5.25% |
| PONCE, PR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,389 | 5.75% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 29 | $1,845,000 | $63,621 | $3,336 | 5.56% |
For 2018, San Rafael Coop's most frequently originated type of loan was Conventional, with 29 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 11 | $805,000 | $73,182 | $3,402 | 5.77% |
| Home Purchase | 10 | $570,000 | $57,000 | $3,768 | 5.20% |
| Refi | 8 | $470,000 | $58,750 | $2,706 | 5.72% |
For 2018, San Rafael Coop's most frequently cited loan purpose was Cash Out Refi, with 11 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
For 2018, San Rafael Coop's most frequently cited loan duration was 15 Year, with 10 originations. The 2nd most popular length was 30 Year, with 8 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 17 | $1,045,000 | $61,471 |
| $<1k | 5 | $185,000 | $37,000 |
| $2k-3k | 3 | $315,000 | $105,000 |
| $3k-4k | 1 | $155,000 | $155,000 |
San Rafael Coop's average total fees were $4,580, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 17 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 14 | $990,000 | $70,714 |
| 4-5% | 10 | $510,000 | $51,000 |
| 6-7% | 5 | $345,000 | $69,000 |
During 2018, San Rafael Coop's average interest rate for loans was 5.97%, while their most frequently originated rate bucket for loans was 5-6%, with 14 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 25 | $1,375,000 | $55,000 | $3,012 | 5.50% |
| $100k-200k | 4 | $470,000 | $117,500 | $5,361 | 5.94% |
2018 saw San Rafael Coop place emphasis on $100,000 or less loans with 25 originations, totaling $1,375,000 in origination value.
Applicant Income
San Rafael Coop lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
San Rafael Coop lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 41%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 29 | $1,845,000 | $63,621 | $3,336 | 5.56% |
Approval Rates
Total approvals of all applications94.29%
San Rafael Coop has an average approval rate.
Pick Rate
Approvals leading to origination86.21%
San Rafael Coop has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 29 | $1,845,000 | $63,621 |