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 and Cash Out Refi loans. Five County has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Lewiston, 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.)

    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% 11/23/24
    30 Year Conventional Refi 6.59% 11/23/24
    30 Year Cash-out Refi 6.85% 11/23/24
    15 Year Conventional Purchase 6.48% 11/23/24
    15 Year Conventional Refi 7.31% 11/23/24
    15 Year Cash-out Refi 7.31% 11/23/24
    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

    84

    Origination Dollar Volume (All Markets)

    $20,060,000

    Awards

    FIVE COUNTY 30 Year Conventional Loans silver
    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) 39 $11,655,000 $298,846 $3,670 4.80%
    Outside of Metro Areas 22 $3,740,000 $170,000 $3,607 4.94%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 10 $2,230,000 $223,000 $2,850 5.72%
    Augusta-Waterville, ME (FHA|USDA|VA) 12 $2,200,000 $183,333 $3,164 4.39%
    BANGOR, ME (FHA|USDA|VA) 1 $235,000 $235,000 $3,571 4.99%
    Five County's top markets include Portland, Lewiston, Augusta, 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: 8
    Piscataqua Savings Bank
    Similarity Rank: 104
    Saco Valley Credit Union
    Similarity Rank: 176
    CUSO MORTGAGE CORPORATION
    Similarity Rank: 195
    Maine Community Bank
    Similarity Rank: 224
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 335
    FIVE COUNTY
    Similarity Rank: 350
    People's United Bank
    Similarity Rank: 390
    University Credit Union
    Similarity Rank: 400
    Bath Savings Institution
    Similarity Rank: 405

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $20,060,000 $238,810 $3,485 4.89%

    For 2022, Five County's most frequently originated type of loan was Conventional, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $11,635,000 $258,556 $3,367 5.16%
    Cash Out Refi 30 $5,790,000 $193,000 $3,796 4.71%
    Refi 9 $2,635,000 $292,778 $2,796 4.14%

    For 2022, Five County's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 56 $14,140,000 $252,500 $3,638 4.83%
    15 Year 20 $5,010,000 $250,500 $2,951 4.96%
    20 Year 5 $525,000 $105,000 $3,161 6.10%
    10 Year 2 $220,000 $110,000 $3,292 3.00%
    Other 1 $165,000 $165,000 $5,410 4.50%

    For 2022, Five County's most frequently cited loan duration was 30 Year, with 56 originations. The 2nd most popular length was 15 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 61 $14,695,000 $240,902
    $2k-3k 7 $1,095,000 $156,429
    $<1k 6 $570,000 $95,000
    $3k-4k 5 $1,235,000 $247,000

    Five County's average total fees were $3,638, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 61 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 34 $9,540,000 $280,588
    3-4% 18 $4,150,000 $230,556
    5-6% 15 $3,785,000 $252,333
    6-7% 9 $1,625,000 $180,556
    Over 8% 2 $150,000 $75,000
    2.5-3% 2 $320,000 $160,000
    7-8% 2 $140,000 $70,000
    <2.5% 2 $350,000 $175,000

    During 2022, Five County's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 34 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 37 $9,725,000 $262,838 $3,752 4.71%
    $100k-200k 24 $3,430,000 $142,917 $3,350 4.82%
    $100,000 or less 12 $750,000 $62,500 $2,924 5.61%
    $400k-600k 7 $3,395,000 $485,000 $3,347 5.07%
    $600k-1MM 4 $2,760,000 $690,000 $4,066 4.47%

    2022 saw Five County place emphasis on $200k-400k loans with 37 originations, totaling $9,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $7,175,000 $287,000 $3,586 4.68%
    $75k-100k 20 $4,250,000 $212,500 $3,641 4.55%
    $50k-75k 17 $2,565,000 $150,882 $3,102 5.02%
    $50k or less 11 $1,215,000 $110,455 $3,321 5.47%
    $150k-250k 6 $1,890,000 $315,000 $3,794 5.19%
    $250k+ 1 $605,000 $605,000 $4,287 5.25%

    Five County lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $75k-100k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 18 $4,130,000 $229,444 $3,462 4.60%
    20-30% 17 $4,065,000 $239,118 $3,845 4.90%
    <20% 8 $1,030,000 $128,750 $3,317 4.45%
    37% 5 $1,055,000 $211,000 $3,506 5.55%
    39% 4 $570,000 $142,500 $3,566 4.78%
    41% 4 $1,290,000 $322,500 $2,927 4.94%
    38% 3 $605,000 $201,667 $3,331 3.92%
    48% 3 $745,000 $248,333 $3,739 5.33%
    43% 3 $695,000 $231,667 $3,160 5.96%
    40% 3 $515,000 $171,667 $3,894 4.25%
    42% 2 $260,000 $130,000 $3,927 4.81%
    45% 2 $680,000 $340,000 $2,683 5.00%
    46% 2 $780,000 $390,000 $3,522 5.18%
    >60% 1 $115,000 $115,000 $3,996 4.25%
    47% 1 $225,000 $225,000 $3,265 5.50%
    36% 1 $345,000 $345,000 $3,387 4.99%
    49% 1 $145,000 $145,000 $3,040 6.38%
    44% 1 $345,000 $345,000 $3,302 4.99%
    50-60% 1 $105,000 $105,000 $1,430 7.25%

    Five County lent most frequently to those with DTI ratios of 30-36%, with 18 originations. The next most common DTI ratio? 20-30%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 72 $16,120,000 $223,889 $3,516 4.89%
    Not applicable 4 $2,360,000 $590,000 $0 5.13%
    Not provided 6 $1,150,000 $191,667 $3,058 4.35%
    Asian 1 $225,000 $225,000 $3,334 4.88%
    Vietnamese 1 $205,000 $205,000 $3,983 6.88%

    Approval Rates

    Total approvals of all applications
    90.78%

    Five County has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.14%

    Five County has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 84 $20,060,000 $238,810

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    84 $20,060,000 $238,810

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $1,875,000 $144,231 $3,407 4.49%
    40-60% 17 $3,415,000 $200,882 $3,919 4.89%
    60-80% 17 $4,345,000 $255,588 $3,528 5.26%
    80-100% 36 $10,390,000 $288,611 $3,346 4.78%
    Under 20% 1 $35,000 $35,000 $1,443 7.75%