Dirigo Federal Credit Union Mortgage Rates, Fees & Info
Lewiston, MELEI: 5493001JAQD8VVV8SM40
Tax ID: 01-0241836
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Dirigo Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Dirigo Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Lewiston, Portland, Augusta, and Bangor among others. We have data for 5 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% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
367Origination Dollar Volume (All Markets)
$44,145,000Top 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 |
|---|---|---|---|---|---|
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 210 | $24,710,000 | $117,667 | $0 | 0.00% |
| Outside of Metro Areas | 109 | $12,805,000 | $117,477 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 29 | $4,225,000 | $145,690 | $0 | 0.00% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 18 | $2,290,000 | $127,222 | $0 | 0.00% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 322 | $41,500,000 | $128,882 | $0 | 0.00% |
| HELOC | 45 | $2,645,000 | $58,778 | n/a | 0.00% |
For 2020, Dirigo Federal Credit Union's most frequently originated type of loan was Conventional, with 322 originations. Their 2nd most popular type was HELOC, with 45 originations.
Loan Reason
For 2020, Dirigo Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 120 originations. The 2nd most popular reason was Home Purchase, with 93 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 367 | $44,145,000 | $120,286 | $0 | 0.00% |
For 2020, Dirigo Federal Credit Union's most frequently cited loan duration was Other, with 367 originations.
Loan Sizing
2020 saw Dirigo Federal Credit Union place emphasis on $100,000 or less loans with 173 originations, totaling $9,955,000 in origination value.
Applicant Income
Dirigo Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 97 originations. The second most popular income band? $100k-150k, with 85 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 367 | $44,145,000 | $120,286 | $0 | 0.00% |
Dirigo Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 367 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.02%
Dirigo Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.92%
Dirigo Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 367 | $44,145,000 | $120,286 |