Lincoln Maine Federal Cr Union Mortgage Rates, Fees & Info
LINCOLN, MELEI: 549300MINSIGQJB44L41
Tax ID: 01-0281690
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Mortgage Data
Review & Overview
Lincoln Maine Federal Cr Union is a smaller credit union specializing in Refi and Home Purchase loans. Lincoln Maine Federal Cr Union has a high proportion of conventional loans. Their top (well, only) market is Bangor.Lincoln Maine Federal Cr Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
60Origination Dollar Volume (All Markets)
$6,650,000Top 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) | 56 | $6,270,000 | $111,964 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $380,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 60 | $6,650,000 | $110,833 | $0 | 0.00% |
For 2023, Lincoln Maine Federal Cr Union's most frequently originated type of loan was Conventional, with 60 originations.
Loan Reason
For 2023, Lincoln Maine Federal Cr Union's most frequently cited loan purpose was Refi, with 37 originations. The 2nd most popular reason was Home Purchase, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 60 | $6,650,000 | $110,833 | $0 | 0.00% |
For 2023, Lincoln Maine Federal Cr Union's most frequently cited loan duration was Other, with 60 originations.
Loan Sizing
2023 saw Lincoln Maine Federal Cr Union place emphasis on $100,000 or less loans with 38 originations, totaling $2,480,000 in origination value.
Applicant Income
Lincoln Maine Federal Cr Union lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $50k or less, with 16 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 60 | $6,650,000 | $110,833 | $0 | 0.00% |
Approval Rates
Total approvals of all applications83.70%
Lincoln Maine Federal Cr Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.33%
Lincoln Maine Federal Cr Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 60 | $6,650,000 | $110,833 |