Acadia Federal Credit Union Mortgage Rates, Fees & Info
Fort Kent, MELEI: 254900KPCI98XVKU8U39
Tax ID: 01-0270833
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Mortgage Data
Review & Overview
Acadia Federal Credit Union is a smaller credit union specializing in Home Purchase and Other loans. Acadia Federal Credit Union has a high proportion of conventional loans. Acadia Federal Credit Union has an average proportion of conventional loans. Their top (well, only) market is Bangor.Acadia Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Acadia Federal Credit Union 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 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 | 5.43% | 4/16/25 |
| 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. | ||
Acadia Federal Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Acadia Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
131Origination Dollar Volume (All Markets)
$15,005,000Relative Rate
Acadia Federal Credit Union's average 30 year fixed mortgage rate was
6.75%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.2%.
Relative Fees (Closing Costs)
Acadia Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,622.
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 $8,356.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 109 | $11,575,000 | $106,193 | $5,164 | 7.19% |
| BANGOR, ME (FHA|USDA|VA) | 22 | $3,430,000 | $155,909 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 123 | $14,235,000 | $115,732 | $0 | 0.00% |
| Conventional | 8 | $770,000 | $96,250 | $5,164 | 7.19% |
For 2024, Acadia Federal Credit Union's most frequently originated type of loan was Conventional, with 123 originations. Their 2nd most popular type was Conventional, with 8 originations.
Loan Reason
For 2024, Acadia Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Other, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 128 | $14,710,000 | $114,922 | $247 | 8.50% |
| 30 Year | 3 | $295,000 | $98,333 | $7,622 | 6.75% |
For 2024, Acadia Federal Credit Union's most frequently cited loan duration was Other, with 128 originations. The 2nd most popular length was 30 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $85,000 | $85,000 |
Acadia Federal Credit Union's average total fees were $7,622, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1 | $95,000 | $95,000 |
| 6-7% | 1 | $85,000 | $85,000 |
| 7-8% | 1 | $115,000 | $115,000 |
| Over 8% | 1 | $45,000 | $45,000 |
During 2024, Acadia Federal Credit Union's average interest rate for loans was 6.75%, while their most frequently originated rate bucket for loans was 5-6%, with 1 originations.
Loan Sizing
2024 saw Acadia Federal Credit Union place emphasis on $100,000 or less loans with 77 originations, totaling $3,895,000 in origination value.
Applicant Income
Acadia Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $100k-150k, with 30 originations.
Applicant Debt to Income Ratio
Acadia Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 123 originations. The next most common DTI ratio? <20%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.28%
Acadia Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.95%
Acadia Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 123 | $14,235,000 | $115,732 |
| NA | 8 | $770,000 | $96,250 |