Dirigo Federal Credit Union Mortgage Rates, Fees & Info

Lewiston, ME

LEI: 5493001JAQD8VVV8SM40

Tax ID: 01-0241836

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Dirigo Federal Credit Union is a smaller credit union specializing in Home Purchase 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. They typically have about average 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    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

    101

    Origination Dollar Volume (All Markets)

    $9,725,000

    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) 52 $5,510,000 $105,962 $0 5.34%
    Outside of Metro Areas 31 $2,495,000 $80,484 $0 5.01%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 13 $1,225,000 $94,231 $0 5.95%
    Augusta-Waterville, ME (FHA|USDA|VA) 5 $495,000 $99,000 $0 5.35%
    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 101 $9,725,000 $96,287 $0 5.32%

    For 2018, Dirigo Federal Credit Union's most frequently originated type of loan was Conventional, with 101 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 55 $6,315,000 $114,818 $0 5.45%
    Cash Out Refi 17 $1,235,000 $72,647 $0 5.29%
    Home Improvement 12 $900,000 $75,000 $0 5.13%
    Refi 12 $1,050,000 $87,500 $0 5.08%
    Other 5 $225,000 $45,000 $0 4.97%

    For 2018, Dirigo Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 38 $2,280,000 $60,000 $0 5.47%
    20 Year 25 $2,525,000 $101,000 $0 5.68%
    30 Year 25 $4,245,000 $169,800 $0 4.79%
    10 Year 12 $650,000 $54,167 $0 5.29%
    5 Year 1 $25,000 $25,000 $0 4.00%

    For 2018, Dirigo Federal Credit Union's most frequently cited loan duration was 15 Year, with 38 originations. The 2nd most popular length was 20 Year, with 25 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 40 $4,840,000 $121,000
    5-6% 27 $2,455,000 $90,926
    6-7% 17 $1,075,000 $63,235
    3-4% 8 $800,000 $100,000
    7-8% 8 $320,000 $40,000
    2.5-3% 1 $235,000 $235,000

    During 2018, Dirigo Federal Credit Union's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 4-5%, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,725,000 $57,308 $0 5.63%
    $100k-200k 26 $3,590,000 $138,077 $0 4.82%
    $200k-400k 10 $2,410,000 $241,000 $0 4.60%

    2018 saw Dirigo Federal Credit Union place emphasis on $100,000 or less loans with 65 originations, totaling $3,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 35 $2,575,000 $73,571 $0 5.35%
    $50k-75k 24 $2,320,000 $96,667 $0 5.28%
    $75k-100k 22 $1,880,000 $85,455 $0 5.39%
    $100k-150k 17 $2,865,000 $168,529 $0 4.91%
    $150k-250k 2 $60,000 $30,000 $0 6.81%

    Dirigo Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 35 originations. The second most popular income band? $50k-75k, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $8,330,000 $96,860 $0 5.19%
    Not provided 14 $1,370,000 $97,857 $0 5.96%
    Not applicable 1 $25,000 $25,000 $0 7.63%

    Approval Rates

    Total approvals of all applications
    75.15%

    Dirigo Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.18%

    Dirigo Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 101 $9,725,000 $96,287

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 34 $2,100,000 $61,765
    Single Family (1-4 Units):Site-Built 67 $7,625,000 $113,806

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $495,000 $55,000 $0 4.88%
    40-60% 15 $1,235,000 $82,333 $0 5.25%
    60-80% 29 $2,975,000 $102,586 $0 5.25%
    80-100% 36 $4,210,000 $116,944 $0 5.47%
    Under 20% 9 $325,000 $36,111 $0 5.90%