Dirigo Federal Credit Union Mortgage Rates, Fees & Info

Lewiston, ME

LEI: 5493001JAQD8VVV8SM40

Tax ID: 01-0241836

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Mortgage Data

Review & Overview

Dirigo Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Dirigo Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Lewiston, Portland, and Augusta among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Dirigo Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/28/24
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.

Dirigo Federal Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Dirigo Federal Credit Union. 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

165

Origination Dollar Volume (All Markets)

$15,955,000

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
LEWISTON-AUBURN, ME (FHA|USDA|VA) 93 $7,455,000 $80,161 $0 0.00%
Outside of Metro Areas 50 $5,750,000 $115,000 $0 0.00%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 13 $1,945,000 $149,615 $0 0.00%
Augusta-Waterville, ME (FHA|USDA|VA) 9 $805,000 $89,444 $0 0.00%
Dirigo Federal Credit Union's top markets include Lewiston, Portland, and Augusta among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 165 $15,955,000 $96,697 $0 0.00%

    For 2023, Dirigo Federal Credit Union's most frequently originated type of loan was Conventional, with 165 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 51 $7,235,000 $141,863 $0 0.00%
    Cash Out Refi 45 $4,025,000 $89,444 $0 0.00%
    Home Improvement 38 $2,370,000 $62,368 $0 0.00%
    Other 22 $1,310,000 $59,545 $0 0.00%
    Refi 9 $1,015,000 $112,778 $0 0.00%

    For 2023, Dirigo Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 165 $15,955,000 $96,697 $0 0.00%

    For 2023, Dirigo Federal Credit Union's most frequently cited loan duration was Other, with 165 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 111 $5,865,000 $52,838 $0 0.00%
    $100k-200k 40 $5,530,000 $138,250 $0 0.00%
    $200k-400k 12 $3,390,000 $282,500 $0 0.00%
    $400k-600k 1 $485,000 $485,000 $0 0.00%
    $600k-1MM 1 $685,000 $685,000 $0 0.00%

    2023 saw Dirigo Federal Credit Union place emphasis on $100,000 or less loans with 111 originations, totaling $5,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 43 $3,375,000 $78,488 $0 0.00%
    $75k-100k 35 $3,345,000 $95,571 $0 0.00%
    $100k-150k 33 $3,205,000 $97,121 $0 0.00%
    $50k or less 28 $1,530,000 $54,643 $0 0.00%
    $150k-250k 17 $2,425,000 $142,647 $0 0.00%
    $250k+ 5 $1,175,000 $235,000 $0 0.00%

    Dirigo Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $75k-100k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 165 $15,955,000 $96,697 $0 0.00%

    Dirigo Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 165 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 140 $12,520,000 $89,429 $0 0.00%
    Not provided 22 $2,560,000 $116,364 $0 0.00%
    Not applicable 3 $875,000 $291,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    72.07%

    Dirigo Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.94%

    Dirigo Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 165 $15,955,000 $96,697

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    165 $15,955,000 $96,697