Sebasticook Valley Federal Credit Union Mortgage Rates, Fees & Info
PITTSFIELD, MELEI: 549300AKQUNB6HFB7W73
Tax ID: 01-0226596
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Sebasticook Valley Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Sebasticook Valley Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bangor, Augusta, and Portland among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)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.
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.
Originations
54Origination Dollar Volume (All Markets)
$3,090,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 34 | $1,920,000 | $56,471 | $0 | 0.00% |
| BANGOR, ME (FHA|USDA|VA) | 16 | $1,000,000 | $62,500 | $0 | 0.00% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $3,090,000 | $57,222 | $0 | 0.00% |
For 2018, Sebasticook Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 54 originations.
Loan Reason
For 2018, Sebasticook Valley Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 23 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 54 | $3,090,000 | $57,222 | $0 | 0.00% |
For 2018, Sebasticook Valley Federal Credit Union's most frequently cited loan duration was Other, with 54 originations.
Loan Sizing
2018 saw Sebasticook Valley Federal Credit Union place emphasis on $100,000 or less loans with 50 originations, totaling $2,490,000 in origination value.
Applicant Income
Sebasticook Valley Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 54 | $3,090,000 | $57,222 | $0 | 0.00% |
Sebasticook Valley Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 54 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 53 | $3,055,000 | $57,642 | $0 | 0.00% |
| Not applicable | 1 | $35,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.25%
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 origination96.30%
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 | 54 | $3,090,000 | $57,222 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 8 | $370,000 | $46,250 |
| Single Family (1-4 Units):Site-Built | 46 | $2,720,000 | $59,130 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| S.B.S. Trust Deed Network | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| S.B.S. Trust Deed Network | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 50.0% |