Five County Mortgage Rates, Fees & Info

Bath, ME

LEI: 5493001LCNCF6Z3ZQ632

Tax ID: 01-0261795

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
  • 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

    Five County is a smaller mortgage company specializing in Home Purchase loans. Five County has a high proportion of conventional loans. Five County has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Augusta, Lewiston, and Bangor among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Five County has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Five County 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 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.

    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
    30 Year Conventional Purchase 6.50% 11/21/24
    30 Year Conventional Refi 6.59% 11/21/24
    30 Year Cash-out Refi 6.85% 11/21/24
    15 Year Conventional Purchase 6.48% 11/21/24
    15 Year Conventional Refi 7.31% 11/21/24
    15 Year Cash-out Refi 7.31% 11/21/24
    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.

    Five County Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Five County. 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

    88

    Origination Dollar Volume (All Markets)

    $24,710,000

    Awards

    FIVE COUNTY 30 Year Conventional Loans bronze
    Show all (1) awards

    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) 40 $11,270,000 $281,750 $3,463 4.15%
    Augusta-Waterville, ME (FHA|USDA|VA) 18 $5,110,000 $283,889 $3,128 4.04%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 11 $3,845,000 $349,545 $3,026 4.01%
    Outside of Metro Areas 17 $2,735,000 $160,882 $3,230 4.46%
    BANGOR, ME (FHA|USDA|VA) 2 $1,750,000 $875,000 $0 0.00%
    Five County's top markets include Portland, Augusta, Lewiston, and Bangor among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FIVE COUNTY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MAINE FAMILY
    Similarity Rank: 6
    Piscataqua Savings Bank
    Similarity Rank: 52
    CASCO
    Similarity Rank: 126
    Maine Savings Federal Credit Union
    Similarity Rank: 161
    CUMBERLAND COUNTY
    Similarity Rank: 320
    Saco Valley Credit Union
    Similarity Rank: 328
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 336
    INTEGRITY MORTGAGE LLC
    Similarity Rank: 350
    NORTHEAST CREDIT UNION
    Similarity Rank: 352
    FIVE COUNTY
    Similarity Rank: 355

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 75 $15,325,000 $204,333 $3,307 4.19%
    Conventional 13 $9,385,000 $721,923 $0 0.00%

    For 2019, Five County's most frequently originated type of loan was Conventional, with 75 originations. Their 2nd most popular type was Conventional, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 59 $18,055,000 $306,017 $3,155 4.04%
    Cash Out Refi 24 $3,930,000 $163,750 $3,571 4.37%
    Refi 5 $2,725,000 $545,000 $3,516 4.81%

    For 2019, Five County's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 67 $13,985,000 $208,731 $3,229 4.23%
    Other 15 $9,675,000 $645,000 $4,436 4.50%
    20 Year 4 $760,000 $190,000 $3,558 3.94%
    10 Year 2 $290,000 $145,000 $4,305 3.06%

    For 2019, Five County's most frequently cited loan duration was 30 Year, with 67 originations. The 2nd most popular length was Other, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 58 $12,940,000 $223,103
    $1k-2k 7 $955,000 $136,429
    $2k-3k 6 $630,000 $105,000
    $3k-4k 2 $370,000 $185,000
    $4k-5k 2 $430,000 $215,000

    Five County's average total fees were $3,229, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 58 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 34 $7,970,000 $234,412
    4-5% 29 $5,655,000 $195,000
    5-6% 10 $1,390,000 $139,000
    2.5-3% 2 $310,000 $155,000

    During 2019, Five County's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was 3-4%, with 34 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 35 $9,565,000 $273,286 $3,407 4.01%
    $100k-200k 34 $5,070,000 $149,118 $3,129 4.24%
    $100,000 or less 9 $665,000 $73,889 $3,548 4.69%
    $1MM+ 4 $5,770,000 $1,442,500 $0 0.00%
    $400k-600k 4 $2,150,000 $537,500 $3,558 4.19%
    $600k-1MM 2 $1,490,000 $745,000 $0 0.00%

    2019 saw Five County place emphasis on $200k-400k loans with 35 originations, totaling $9,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 24 $4,310,000 $179,583 $2,949 4.06%
    $50k or less 17 $2,115,000 $124,412 $3,306 4.59%
    $100k-150k 14 $3,560,000 $254,286 $3,740 3.92%
    $75k-100k 13 $2,825,000 $217,308 $3,532 4.26%
    $150k-250k 6 $2,200,000 $366,667 $3,268 4.08%
    $250k+ 1 $315,000 $315,000 $3,183 3.75%

    Five County lent most frequently to those with incomes in the $50k-75k range, with 24 originations. The second most popular income band? $50k or less, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 22 $4,400,000 $200,000 $3,649 4.18%
    Exempt% 13 $9,385,000 $721,923 $0 0.00%
    30-36% 7 $1,585,000 $226,429 $3,061 3.84%
    43% 6 $990,000 $165,000 $3,013 3.75%
    48% 6 $1,350,000 $225,000 $3,223 4.38%
    42% 4 $860,000 $215,000 $3,383 3.94%
    <20% 4 $690,000 $172,500 $2,895 3.88%
    45% 4 $1,280,000 $320,000 $3,260 4.00%
    41% 3 $405,000 $135,000 $3,010 4.88%
    37% 3 $535,000 $178,333 $2,928 4.17%
    40% 3 $605,000 $201,667 $3,671 4.17%
    44% 2 $260,000 $130,000 $2,783 4.81%
    36% 2 $680,000 $340,000 $3,242 4.88%
    47% 2 $550,000 $275,000 $3,492 4.19%
    39% 2 $230,000 $115,000 $3,790 4.56%
    >60% 2 $280,000 $140,000 $2,800 5.44%
    46% 1 $165,000 $165,000 $2,926 4.50%
    49% 1 $225,000 $225,000 $3,173 3.50%
    38% 1 $235,000 $235,000 $3,636 3.88%

    Five County lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? Exempt%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 72 $14,720,000 $204,444 $3,324 4.20%
    Not applicable 13 $9,385,000 $721,923 $0 0.00%
    Not provided 2 $440,000 $220,000 $3,009 4.06%
    Asian 1 $165,000 $165,000 $2,717 3.50%

    Approval Rates

    Total approvals of all applications
    91.11%

    Five County has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.68%

    Five County has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 13 $9,385,000 $721,923
    NA 75 $15,325,000 $204,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 12 $7,400,000 $616,667
    Multifamily:Site-Built 1 $1,985,000 $1,985,000
    Single Family (1-4 Units):Manufactured 1 $95,000 $95,000
    Single Family (1-4 Units):Site-Built 74 $15,230,000 $205,811

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $420,000 $105,000 $4,089 4.53%
    40-60% 4 $510,000 $127,500 $3,431 3.97%
    60-80% 7 $1,205,000 $172,143 $4,419 3.95%
    80-100% 60 $13,190,000 $219,833 $3,117 4.21%