York County Federal Credit Union Mortgage Rates, Fees & Info

SANFORD, ME

LEI: 549300K8VD6YVQ5DNH84

Tax ID: 01-0239530

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
  • Similar Lenders
  • 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

    York County Federal Credit Union is a smaller credit union specializing in Home Purchase loans. York County Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Boston, Lewiston, and Berlin among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    York County Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. York County Federal Credit Union 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.

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    Originations

    389

    Origination Dollar Volume (All Markets)

    $44,955,000

    Awards

    York County Federal Credit Union 30 Year Conventional Loans silver
    Show all (1) awards

    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
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 368 $43,380,000 $117,880 $1,452 4.80%
    Outside of Metro Areas 17 $825,000 $48,529 $419 4.92%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $450,000 $225,000 $1,882 4.44%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $205,000 $205,000 $3,173 3.38%
    Berlin, NH (FHA|USDA|VA) 1 $95,000 $95,000 $2,956 4.25%
    York County Federal Credit Union's top markets include Portland, Boston, Lewiston, and Berlin among others.

    Their top states include:
  • Maine (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against York County Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Saco Valley Credit Union
    Similarity Rank: 70
    CASCO
    Similarity Rank: 90
    CUMBERLAND COUNTY
    Similarity Rank: 120
    Maine Savings Federal Credit Union
    Similarity Rank: 160
    York County Federal Credit Union
    Similarity Rank: 190
    ATLANTIC REGIONAL FEDERAL CREDIT UNION
    Similarity Rank: 235
    FIVE COUNTY
    Similarity Rank: 248
    Bath Savings Institution
    Similarity Rank: 288
    NORTHEAST CREDIT UNION
    Similarity Rank: 315
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 325

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 389 $44,955,000 $115,566 $1,416 4.80%

    For 2018, York County Federal Credit Union's most frequently originated type of loan was Conventional, with 389 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 117 $25,145,000 $214,915 $3,091 4.63%
    Home Improvement 95 $4,665,000 $49,105 $371 4.83%
    Other 90 $4,520,000 $50,222 $381 5.23%
    Refi 54 $4,820,000 $89,259 $767 4.36%
    Cash Out Refi 33 $5,805,000 $175,909 $2,858 4.82%

    For 2018, York County Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Home Improvement, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 109 $23,755,000 $217,936 $3,032 4.72%
    Other 80 $6,470,000 $80,875 $543 4.85%
    10 Year 78 $3,870,000 $49,615 $422 4.61%
    15 Year 64 $5,370,000 $83,906 $861 5.26%
    5 Year 33 $785,000 $23,788 $281 4.66%
    20 Year 14 $2,130,000 $152,143 $2,851 4.44%
    30+ year 11 $2,575,000 $234,091 $5,152 4.64%

    For 2018, York County Federal Credit Union's most frequently cited loan duration was 30 Year, with 109 originations. The 2nd most popular length was Other, with 80 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 363 $39,795,000 $109,628
    $1k-2k 10 $1,660,000 $166,000
    $2k-3k 7 $1,555,000 $222,143
    $4k-5k 2 $390,000 $195,000
    $5k+ 2 $630,000 $315,000

    York County Federal Credit Union's average total fees were $3,032, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 363 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 220 $28,480,000 $129,455
    5-6% 71 $6,745,000 $95,000
    3-4% 70 $7,780,000 $111,143
    6-7% 14 $1,390,000 $99,286
    Over 8% 8 $280,000 $35,000
    7-8% 6 $280,000 $46,667

    During 2018, York County Federal Credit Union's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 220 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 217 $9,795,000 $45,138 $534 4.96%
    $100k-200k 94 $13,420,000 $142,766 $2,111 4.59%
    $200k-400k 72 $19,020,000 $264,167 $3,201 4.58%
    $400k-600k 6 $2,720,000 $453,333 $3,578 4.60%

    2018 saw York County Federal Credit Union place emphasis on $100,000 or less loans with 217 originations, totaling $9,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 99 $10,295,000 $103,990 $1,466 4.64%
    $100k-150k 87 $12,585,000 $144,655 $1,455 4.65%
    $50k or less 83 $6,625,000 $79,819 $1,398 5.01%
    $75k-100k 80 $9,020,000 $112,750 $1,295 4.95%
    $150k-250k 30 $4,840,000 $161,333 $1,524 4.70%
    $250k+ 4 $580,000 $145,000 $1,813 4.91%

    York County Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 99 originations. The second most popular income band? $100k-150k, with 87 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 84 $8,040,000 $95,714 $1,225 4.52%
    30-36% 75 $8,505,000 $113,400 $1,425 4.65%
    <20% 28 $2,650,000 $94,643 $1,083 4.16%
    42% 20 $2,660,000 $133,000 $1,435 5.56%
    36% 20 $2,710,000 $135,500 $1,447 4.98%
    39% 19 $2,945,000 $155,000 $1,883 4.94%
    43% 18 $1,990,000 $110,556 $1,523 5.13%
    40% 15 $1,425,000 $95,000 $1,245 4.86%
    38% 14 $1,590,000 $113,571 $1,603 4.95%
    46% 14 $1,370,000 $97,857 $1,253 4.64%
    37% 13 $975,000 $75,000 $702 5.36%
    50-60% 12 $1,360,000 $113,333 $1,362 5.14%
    44% 11 $1,985,000 $180,455 $2,352 4.70%
    41% 10 $1,030,000 $103,000 $1,466 5.53%
    49% 10 $2,080,000 $208,000 $2,679 4.60%
    47% 7 $1,255,000 $179,286 $2,134 4.77%
    45% 6 $670,000 $111,667 $1,150 5.17%
    48% 5 $545,000 $109,000 $1,892 5.80%
    >60% 4 $350,000 $87,500 $1,085 4.66%

    York County Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 84 originations. The next most common DTI ratio? 30-36%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 372 $40,330,000 $108,414 $1,373 4.81%
    Not provided 9 $2,645,000 $293,889 $2,592 4.46%
    Not applicable 4 $820,000 $205,000 $0 5.13%
    Asian 2 $610,000 $305,000 $3,113 4.25%
    Black 1 $345,000 $345,000 $3,104 4.88%
    American Indian 1 $205,000 $205,000 $2,896 4.38%

    Approval Rates

    Total approvals of all applications
    85.48%

    York County Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.57%

    York County Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 389 $44,955,000 $115,566

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $570,000 $285,000
    Single Family (1-4 Units):Manufactured 15 $905,000 $60,333
    Single Family (1-4 Units):Site-Built 372 $43,480,000 $116,882

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 77 $5,775,000 $75,000 $849 4.83%
    40-60% 39 $5,385,000 $138,077 $1,744 4.45%
    60-80% 61 $12,035,000 $197,295 $2,814 4.67%
    80-100% 71 $16,765,000 $236,127 $2,974 4.68%
    Under 20% 141 $4,995,000 $35,426 $320 4.99%