Bangor Federal Credit Union Mortgage Rates, Fees & Info
Bangor, MELEI: 549300E14W7X6ZY25478
Tax ID: 01-0241260
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Bangor Federal Credit Union is a smaller credit union specializing in Refi loans. Bangor Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Bangor.Bangor Federal Credit Union has an 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
50Origination Dollar Volume (All Markets)
$4,270,000Top 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 |
|---|---|---|---|---|---|
| BANGOR, ME (FHA|USDA|VA) | 45 | $3,625,000 | $80,556 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $645,000 | $129,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 50 | $4,270,000 | $85,400 | $0 | 0.00% |
For 2023, Bangor Federal Credit Union's most frequently originated type of loan was Conventional, with 50 originations.
Loan Reason
For 2023, Bangor Federal Credit Union's most frequently cited loan purpose was Refi, with 26 originations. The 2nd most popular reason was Other, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 50 | $4,270,000 | $85,400 | $0 | 0.00% |
For 2023, Bangor Federal Credit Union's most frequently cited loan duration was Other, with 50 originations.
Loan Sizing
2023 saw Bangor Federal Credit Union place emphasis on $100,000 or less loans with 36 originations, totaling $2,030,000 in origination value.
Applicant Income
Bangor Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $75k-100k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 50 | $4,270,000 | $85,400 | $0 | 0.00% |
Bangor Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 50 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 49 | $4,175,000 | $85,204 | $0 | 0.00% |
| Not provided | 1 | $95,000 | $95,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications84.62%
Bangor Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination90.00%
Bangor Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 50 | $4,270,000 | $85,400 |