Acadia Federal Credit Union Mortgage Rates, Fees & Info
Fort Kent, MELEI: 254900KPCI98XVKU8U39
Tax ID: 01-0270833
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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. Their top markets by origination volume include: Bangor, Augusta, and Portland among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)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
243Origination Dollar Volume (All Markets)
$26,245,000Top 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 | 202 | $21,280,000 | $105,347 | $0 | 0.00% |
| BANGOR, ME (FHA|USDA|VA) | 37 | $4,285,000 | $115,811 | $0 | 0.00% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 243 | $26,245,000 | $108,004 | $0 | 0.00% |
For 2022, Acadia Federal Credit Union's most frequently originated type of loan was Conventional, with 243 originations.
Loan Reason
For 2022, Acadia Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Other, with 54 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 243 | $26,245,000 | $108,004 | $0 | 0.00% |
For 2022, Acadia Federal Credit Union's most frequently cited loan duration was Other, with 243 originations.
Loan Sizing
2022 saw Acadia Federal Credit Union place emphasis on $100,000 or less loans with 135 originations, totaling $7,245,000 in origination value.
Applicant Income
Acadia Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 69 originations. The second most popular income band? $100k-150k, with 49 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 243 | $26,245,000 | $108,004 | $0 | 0.00% |
Acadia Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 243 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.91%
Acadia Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination93.83%
Acadia Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 243 | $26,245,000 | $108,004 |