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
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Mortgage Data
Review & Overview
Sebasticook Valley Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Improvement, Refi, and Home Purchase loans. Sebasticook Valley Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bangor, Portland, and Augusta 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.
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Originations
151Origination Dollar Volume (All Markets)
$14,505,000Top 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 | 92 | $8,090,000 | $87,935 | $0 | 0.00% |
| BANGOR, ME (FHA|USDA|VA) | 51 | $4,745,000 | $93,039 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $0 | 0.00% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 151 | $14,505,000 | $96,060 | $0 | 0.00% |
For 2022, Sebasticook Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 151 originations.
Loan Reason
For 2022, Sebasticook Valley Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 64 originations. The 2nd most popular reason was Home Improvement, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 151 | $14,505,000 | $96,060 | $0 | 0.00% |
For 2022, Sebasticook Valley Federal Credit Union's most frequently cited loan duration was Other, with 151 originations.
Loan Sizing
2022 saw Sebasticook Valley Federal Credit Union place emphasis on $100,000 or less loans with 99 originations, totaling $5,525,000 in origination value.
Applicant Income
Sebasticook Valley Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 41 originations. The second most popular income band? $75k-100k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 151 | $14,505,000 | $96,060 | $0 | 0.00% |
Sebasticook Valley Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 151 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 150 | $14,400,000 | $96,000 | $0 | 0.00% |
| Not provided | 1 | $105,000 | $105,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.10%
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 origination97.35%
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 | 151 | $14,505,000 | $96,060 |