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 Refi 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

    132

    Origination Dollar Volume (All Markets)

    $10,120,000

    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 84 $6,710,000 $79,881 $0 0.00%
    BANGOR, ME (FHA|USDA|VA) 45 $3,225,000 $71,667 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 3 $185,000 $61,667 $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 132 $10,120,000 $76,667 $0 0.00%

    For 2019, Sebasticook Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 132 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 58 $5,250,000 $90,517 $0 0.00%
    Home Purchase 28 $2,480,000 $88,571 $0 0.00%
    Home Improvement 23 $1,155,000 $50,217 $0 0.00%
    Cash Out Refi 20 $1,050,000 $52,500 $0 0.00%
    NA 2 $130,000 $65,000 $0 0.00%
    Other 1 $55,000 $55,000 $0 0.00%

    For 2019, Sebasticook Valley Federal Credit Union's most frequently cited loan purpose was Refi, with 58 originations. The 2nd most popular reason was Home Purchase, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 132 $10,120,000 $76,667 $0 0.00%

    For 2019, Sebasticook Valley Federal Credit Union's most frequently cited loan duration was Other, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 102 $5,120,000 $50,196 $0 0.00%
    $100k-200k 22 $2,770,000 $125,909 $0 0.00%
    $200k-400k 7 $1,655,000 $236,429 $0 0.00%
    $400k-600k 1 $575,000 $575,000 $0 0.00%

    2019 saw Sebasticook Valley Federal Credit Union place emphasis on $100,000 or less loans with 102 originations, totaling $5,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 60 $3,910,000 $65,167 $0 0.00%
    $50k-75k 29 $1,825,000 $62,931 $0 0.00%
    $100k-150k 19 $1,405,000 $73,947 $0 0.00%
    $75k-100k 16 $1,680,000 $105,000 $0 0.00%
    $150k-250k 6 $690,000 $115,000 $0 0.00%
    $250k+ 1 $575,000 $575,000 $0 0.00%

    Sebasticook Valley Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 60 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 132 $10,120,000 $76,667 $0 0.00%

    Sebasticook Valley Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 132 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 132 $10,120,000 $76,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.89%

    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
    94.70%

    Sebasticook Valley Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 132 $10,120,000 $76,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 34 $1,950,000 $57,353
    Single Family (1-4 Units):Site-Built 98 $8,170,000 $83,367