Maine Family Mortgage Rates, Fees & Info
Lewiston, MELEI: 549300E2QBYW1NW41140
Tax ID: 01-0216309
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Maine Family is a smaller mortgage company specializing in Refi loans. Maine Family has a high proportion of conventional loans. Their top markets by origination volume include: Lewiston, 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.)Maine Family has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Maine Family is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.93% | 5/4/24 |
| 30 Year Conventional Refi | 6.32% | 5/4/24 |
| 30 Year Cash-out Refi | 6.27% | 5/4/24 |
| 15 Year Conventional Purchase | 5.21% | 5/4/24 |
| 15 Year Conventional Refi | 5.68% | 5/4/24 |
| 15 Year Cash-out Refi | 5.68% | 5/4/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Maine Family Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Maine Family. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
119Origination Dollar Volume (All Markets)
$17,065,000Awards
MAINE FAMILY - 2021
MAINE FAMILY is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for MAINE FAMILY?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 103 | $14,605,000 | $141,796 | $1,605 | 2.71% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 9 | $1,305,000 | $145,000 | $1,608 | 2.75% |
| Outside of Metro Areas | 5 | $625,000 | $125,000 | $1,512 | 2.58% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $1,662 | 2.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against MAINE FAMILY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 12
Similarity Rank: 220
Similarity Rank: 228
Similarity Rank: 234
Similarity Rank: 295
Similarity Rank: 420
Similarity Rank: 432
Similarity Rank: 476
Similarity Rank: 1176
Similarity Rank: 1830
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 119 | $17,065,000 | $143,403 | $1,603 | 2.70% |
For 2021, Maine Family's most frequently originated type of loan was Conventional, with 119 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 112 | $16,220,000 | $144,821 | $1,565 | 2.69% |
| Home Purchase | 7 | $845,000 | $120,714 | $2,199 | 2.86% |
For 2021, Maine Family's most frequently cited loan purpose was Refi, with 112 originations. The 2nd most popular reason was Home Purchase, with 7 originations.
Loan Duration/Length
For 2021, Maine Family's most frequently cited loan duration was 15 Year, with 34 originations. The 2nd most popular length was 20 Year, with 32 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 119 | $17,065,000 | $143,403 |
Maine Family's average total fees were $1,647, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 119 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 66 | $11,160,000 | $169,091 |
| <2.5% | 52 | $5,760,000 | $110,769 |
| 3-4% | 1 | $145,000 | $145,000 |
During 2021, Maine Family's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 66 originations.
Loan Sizing
2021 saw Maine Family place emphasis on $100k-200k loans with 68 originations, totaling $9,530,000 in origination value.
Applicant Income
Maine Family lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $100k-150k, with 31 originations.
Applicant Debt to Income Ratio
Maine Family lent most frequently to those with DTI ratios of 20-30%, with 44 originations. The next most common DTI ratio? 30-36%, with 25 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 118 | $16,880,000 | $143,051 | $1,601 | 2.70% |
| Asian | 1 | $185,000 | $185,000 | $1,802 | 2.75% |
Approval Rates
Total approvals of all applications63.16%
Maine Family has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination89.92%
Maine Family has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 119 | $17,065,000 | $143,403 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MANN FINANCIAL INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 50.0% |
| MANN FINANCIAL INC. | Conventional home mortgage | Trouble during payment process | 2 | 50.0% |