The First National Bank Of Bangor Mortgage Rates, Fees & Info
Bangor, WILEI: 549300C0NMWZNSX3W048
Tax ID: 39-0147375
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Mortgage Data
Review & Overview
The First National Bank Of Bangor is a smaller bank specializing in Home Purchase and Refi loans. The First National Bank Of Bangor has a high proportion of conventional loans. Their top markets by origination volume include: La Crosse, Rochester, Manitowoc, Green Bay, and Winona among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)The First National Bank Of Bangor 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
58Origination Dollar Volume (All Markets)
$7,230,000Top 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 |
|---|---|---|---|---|---|
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 37 | $5,335,000 | $144,189 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $1,050,000 | $75,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 0.00% |
| Manitowoc, WI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $7,230,000 | $124,655 | $0 | 0.00% |
For 2018, The First National Bank Of Bangor's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 30 | $4,330,000 | $144,333 | $0 | 0.00% |
| Refi | 22 | $2,610,000 | $118,636 | $0 | 0.00% |
| Home Improvement | 6 | $290,000 | $48,333 | $0 | 0.00% |
For 2018, The First National Bank Of Bangor's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 58 | $7,230,000 | $124,655 | $0 | 0.00% |
For 2018, The First National Bank Of Bangor's most frequently cited loan duration was Other, with 58 originations.
Loan Sizing
2018 saw The First National Bank Of Bangor place emphasis on $100,000 or less loans with 27 originations, totaling $1,575,000 in origination value.
Applicant Income
The First National Bank Of Bangor lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 58 | $7,230,000 | $124,655 | $0 | 0.00% |
The First National Bank Of Bangor lent most frequently to those with DTI ratios of Exempt%, with 58 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 45 | $5,025,000 | $111,667 | $0 | 0.00% |
| Not applicable | 13 | $2,205,000 | $169,615 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.42%
The First National Bank Of Bangor has an average approval rate.
Pick Rate
Approvals leading to origination96.55%
The First National Bank Of Bangor 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 | 58 | $7,230,000 | $124,655 |