Casco Mortgage Rates, Fees & Info

Gorham, ME

LEI: 254900VVCX7PR9KDCK83

Tax ID: 01-0243865

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Casco is a smaller mortgage company specializing in Other, Home Improvement, and Home Purchase loans. Casco has a high proportion of conventional loans. Their top two markets are Portland and Lewiston .

    Casco has an average approval rate when compared to the average across all lenders. Casco 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.

    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.


    Originations

    49

    Origination Dollar Volume (All Markets)

    $4,945,000

    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
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 46 $4,640,000 $100,870 $1,265 7.37%
    Outside of Metro Areas 2 $240,000 $120,000 $2,815 7.50%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $65,000 $65,000 $400 7.00%
    Casco's top markets include Portland and Lewiston among others.

    Their top states include:
  • Maine (FHA|USDA|VA)

    • 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.

    Saco Valley Credit Union
    Similarity Rank: 64
    Holy Rosary Regional Credit Union
    Similarity Rank: 104
    Bath Savings Institution
    Similarity Rank: 115
    Norway Savings Bank
    Similarity Rank: 126
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 150
    CUMBERLAND COUNTY
    Similarity Rank: 200
    EVERGREEN
    Similarity Rank: 204
    Androscoggin Savings Bank
    Similarity Rank: 235
    University Credit Union
    Similarity Rank: 370
    CUSO MORTGAGE CORPORATION
    Similarity Rank: 372

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 39 $3,875,000 $99,359 $1,324 7.11%
    HELOC 10 $1,070,000 $107,000 n/a 8.40%

    For 2023, Casco's most frequently originated type of loan was Conventional, with 39 originations. Their 2nd most popular type was HELOC, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 21 $1,585,000 $75,476 $400 7.40%
    Home Improvement 20 $1,600,000 $80,000 $400 7.34%
    Home Purchase 6 $1,250,000 $208,333 $4,535 7.31%
    Cash Out Refi 2 $510,000 $255,000 $7,613 7.50%

    For 2023, Casco's most frequently cited loan purpose was Other, with 21 originations. The 2nd most popular reason was Home Improvement, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 16 $1,240,000 $77,500 $400 7.50%
    10 Year 11 $735,000 $66,818 $400 7.55%
    15 Year 10 $930,000 $93,000 $400 7.28%
    Other 6 $360,000 $60,000 $400 7.00%
    30 Year 3 $825,000 $275,000 $4,180 7.13%
    30+ year 2 $710,000 $355,000 $10,958 7.25%
    20 Year 1 $145,000 $145,000 $3,044 7.50%

    For 2023, Casco's most frequently cited loan duration was 5 Year, with 16 originations. The 2nd most popular length was 10 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3 $785,000 $261,667
    $5k+ 2 $710,000 $355,000
    $2k-3k 1 $185,000 $185,000

    Casco's average total fees were $4,180, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 18 $1,350,000 $75,000
    7-8% 15 $2,015,000 $134,333
    Over 8% 11 $1,125,000 $102,273
    5-6% 4 $350,000 $87,500
    4-5% 1 $105,000 $105,000

    During 2023, Casco's average interest rate for loans was 7.13%, while their most frequently originated rate bucket for loans was 6-7%, with 18 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $1,680,000 $52,500 $400 7.30%
    $100k-200k 12 $1,660,000 $138,333 $1,468 7.54%
    $200k-400k 5 $1,605,000 $321,000 $7,306 7.43%

    2023 saw Casco place emphasis on $100,000 or less loans with 32 originations, totaling $1,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $1,500,000 $107,143 $1,055 7.42%
    $75k-100k 13 $1,375,000 $105,769 $2,512 7.25%
    $150k-250k 12 $1,050,000 $87,500 $400 7.65%
    $50k-75k 6 $470,000 $78,333 $943 6.92%
    $50k or less 3 $295,000 $98,333 $2,010 6.92%
    $250k+ 1 $255,000 $255,000 $0 9.00%

    Casco lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 13 $1,065,000 $81,923 $400 7.40%
    30-36% 9 $835,000 $92,778 $1,051 7.83%
    <20% 4 $390,000 $97,500 $1,281 7.13%
    41% 3 $325,000 $108,333 $400 7.67%
    42% 3 $275,000 $91,667 $400 8.00%
    47% 3 $255,000 $85,000 $400 7.50%
    39% 2 $80,000 $40,000 $400 7.25%
    36% 2 $40,000 $20,000 $400 6.13%
    43% 2 $530,000 $265,000 $7,482 7.38%
    38% 2 $430,000 $215,000 $2,027 7.31%
    44% 1 $105,000 $105,000 $0 5.00%
    46% 1 $55,000 $55,000 $400 7.00%
    >60% 1 $365,000 $365,000 $12,182 7.50%
    48% 1 $45,000 $45,000 $400 8.00%
    37% 1 $55,000 $55,000 $400 6.50%

    Casco lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? 30-36%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 46 $4,750,000 $103,261 $1,375 7.31%
    Not provided 2 $120,000 $60,000 $400 7.75%
    Black 1 $75,000 $75,000 $400 9.50%

    Approval Rates

    Total approvals of all applications
    79.03%

    Casco has a below average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 49 $4,945,000 $100,918

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    49 $4,945,000 $100,918

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $1,405,000 $127,727 $778 7.59%
    60-80% 1 $365,000 $365,000 $12,182 7.50%
    80-100% 4 $1,170,000 $292,500 $5,568 7.09%
    Under 20% 33 $2,005,000 $60,758 $400 7.33%