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 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 two markets are Portland and 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.
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Originations
51Origination Dollar Volume (All Markets)
$4,065,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 48 | $3,740,000 | $77,917 | $1,839 | 4.75% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,750 | 4.50% |
| BANGOR, ME (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $3,745,000 | $76,429 | $0 | 0.00% |
| Conventional | 2 | $320,000 | $160,000 | $3,295 | 4.63% |
For 2019, Acadia Federal Credit Union's most frequently originated type of loan was Conventional, with 49 originations. Their 2nd most popular type was Conventional, with 2 originations.
Loan Reason
For 2019, Acadia Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 50 | $4,020,000 | $80,400 | $4,750 | 4.50% |
| 20 Year | 1 | $45,000 | $45,000 | $1,839 | 4.75% |
For 2019, Acadia Federal Credit Union's most frequently cited loan duration was Other, with 50 originations. The 2nd most popular length was 20 Year, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 2 | $320,000 | $160,000 |
During 2019, Acadia Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 2 originations.
Loan Sizing
2019 saw Acadia Federal Credit Union place emphasis on $100,000 or less loans with 35 originations, totaling $1,725,000 in origination value.
Applicant Income
Acadia Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $50k or less, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $3,745,000 | $76,429 | $0 | 0.00% |
| 20-30% | 1 | $45,000 | $45,000 | $1,839 | 4.75% |
| 38% | 1 | $275,000 | $275,000 | $4,750 | 4.50% |
Acadia Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 49 originations. The next most common DTI ratio? 20-30%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.25%
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 origination92.16%
Acadia Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $3,745,000 | $76,429 |
| NA | 2 | $320,000 | $160,000 |