Sebasticook Valley Federal Credit Union Mortgage Rates, Fees & Info

PITTSFIELD, ME

LEI: 549300AKQUNB6HFB7W73

Tax ID: 01-0226596

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

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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

    Sebasticook Valley Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Improvement, and Home Purchase loans. Sebasticook Valley Federal Credit Union has a high proportion of conventional loans. Their top two markets are Bangor and Augusta .

    Sebasticook Valley Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    128

    Origination Dollar Volume (All Markets)

    $14,120,000

    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
    Outside of Metro Areas 74 $7,420,000 $100,270 $0 0.00%
    BANGOR, ME (FHA|USDA|VA) 49 $5,995,000 $122,347 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 5 $705,000 $141,000 $0 0.00%
    Sebasticook Valley Federal Credit Union's top markets include Bangor 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 128 $14,120,000 $110,313 $0 0.00%

    For 2023, Sebasticook Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 128 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 54 $4,150,000 $76,852 $0 0.00%
    Home Improvement 33 $3,965,000 $120,152 $0 0.00%
    Home Purchase 20 $2,970,000 $148,500 $0 0.00%
    Refi 14 $1,330,000 $95,000 $0 0.00%
    Other 7 $1,705,000 $243,571 $0 0.00%

    For 2023, Sebasticook Valley Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 54 originations. The 2nd most popular reason was Home Improvement, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 128 $14,120,000 $110,313 $0 0.00%

    For 2023, Sebasticook Valley Federal Credit Union's most frequently cited loan duration was Other, with 128 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 77 $4,105,000 $53,312 $0 0.00%
    $100k-200k 34 $4,860,000 $142,941 $0 0.00%
    $200k-400k 15 $4,115,000 $274,333 $0 0.00%
    $400k-600k 2 $1,040,000 $520,000 $0 0.00%

    2023 saw Sebasticook Valley Federal Credit Union place emphasis on $100,000 or less loans with 77 originations, totaling $4,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 38 $2,830,000 $74,474 $0 0.00%
    $100k-150k 30 $4,110,000 $137,000 $0 0.00%
    $50k or less 22 $1,730,000 $78,636 $0 0.00%
    $75k-100k 20 $2,160,000 $108,000 $0 0.00%
    $150k-250k 12 $2,230,000 $185,833 $0 0.00%
    $250k+ 5 $1,025,000 $205,000 $0 0.00%

    Sebasticook Valley Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 38 originations. The second most popular income band? $100k-150k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 128 $14,120,000 $110,313 $0 0.00%

    Sebasticook Valley Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 128 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 128 $14,120,000 $110,313 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.78%

    Sebasticook Valley Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.88%

    Sebasticook Valley Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 128 $14,120,000 $110,313

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    128 $14,120,000 $110,313