Casco Mortgage Rates, Fees & Info
Gorham, MELEI: 254900VVCX7PR9KDCK83
Tax ID: 01-0243865
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Casco is a smaller mortgage company specializing in Other and Home Improvement loans. Casco has a high proportion of conventional loans. Their top two markets are Portland and Lewiston .Casco has an above average approval rate when compared to the average across all lenders.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Purchase | 7.13% | 4/5/25 |
| 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. | ||
Casco Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Casco. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
60Origination Dollar Volume (All Markets)
$5,790,000Top 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 |
|---|---|---|---|---|---|
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 57 | $5,615,000 | $98,509 | $394 | 7.20% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $400 | 7.50% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $400 | 5.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against CASCO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 70
Similarity Rank: 136
Similarity Rank: 145
Similarity Rank: 210
Similarity Rank: 232
Similarity Rank: 280
Similarity Rank: 324
Similarity Rank: 525
Similarity Rank: 594
Similarity Rank: 700
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $4,225,000 | $82,843 | $394 | 6.84% |
| HELOC | 9 | $1,565,000 | $173,889 | n/a | 9.00% |
For 2024, Casco's most frequently originated type of loan was Conventional, with 51 originations. Their 2nd most popular type was HELOC, with 9 originations.
Loan Reason
For 2024, Casco's most frequently cited loan purpose was Other, with 40 originations. The 2nd most popular reason was Home Improvement, with 18 originations.
Loan Duration/Length
For 2024, Casco's most frequently cited loan duration was 10 Year, with 27 originations. The 2nd most popular length was 5 Year, with 15 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 23 | $1,445,000 | $62,826 |
| 7-8% | 22 | $2,430,000 | $110,455 |
| Over 8% | 10 | $1,590,000 | $159,000 |
| 6-7% | 5 | $325,000 | $65,000 |
During 2024, Casco's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 23 originations.
Loan Sizing
2024 saw Casco place emphasis on $100,000 or less loans with 39 originations, totaling $1,975,000 in origination value.
Applicant Income
Casco lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $150k-250k, with 16 originations.
Applicant Debt to Income Ratio
Casco lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? 30-36%, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.24%
Casco has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 60 | $5,790,000 | $96,500 |