Lincoln Maine Federal Cr Union Mortgage Rates, Fees & Info

LINCOLN, ME

LEI: 549300MINSIGQJB44L41

Tax ID: 01-0281690

Latest/2024 | 2023 Data | 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
  • 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

    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 two markets are Bangor and Portland .

    Lincoln Maine Federal Cr Union 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

    78

    Origination Dollar Volume (All Markets)

    $10,880,000

    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
    BANGOR, ME (FHA|USDA|VA) 70 $9,320,000 $133,143 $0 0.00%
    Outside of Metro Areas 6 $830,000 $138,333 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $730,000 $365,000 $0 0.00%
    Lincoln Maine Federal Cr Union's top markets include Bangor and Portland among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 78 $10,880,000 $139,487 $0 0.00%

    For 2024, Lincoln Maine Federal Cr Union's most frequently originated type of loan was Conventional, with 78 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 44 $5,810,000 $132,045 $0 0.00%
    Home Purchase 26 $3,930,000 $151,154 $0 0.00%
    Home Improvement 5 $805,000 $161,000 $0 0.00%
    Cash Out Refi 2 $50,000 $25,000 $0 0.00%
    NA 1 $285,000 $285,000 $0 0.00%

    For 2024, Lincoln Maine Federal Cr Union's most frequently cited loan purpose was Refi, with 44 originations. The 2nd most popular reason was Home Purchase, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 78 $10,880,000 $139,487 $0 0.00%

    For 2024, Lincoln Maine Federal Cr Union's most frequently cited loan duration was Other, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $2,085,000 $56,351 $0 0.00%
    $100k-200k 21 $2,705,000 $128,810 $0 0.00%
    $200k-400k 16 $4,040,000 $252,500 $0 0.00%
    $400k-600k 3 $1,435,000 $478,333 $0 0.00%
    $600k-1MM 1 $615,000 $615,000 $0 0.00%

    2024 saw Lincoln Maine Federal Cr Union place emphasis on $100,000 or less loans with 37 originations, totaling $2,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 18 $3,220,000 $178,889 $0 0.00%
    $50k-75k 15 $1,315,000 $87,667 $0 0.00%
    $50k or less 14 $980,000 $70,000 $0 0.00%
    $75k-100k 14 $1,390,000 $99,286 $0 0.00%
    $150k-250k 10 $1,850,000 $185,000 $0 0.00%
    $250k+ 7 $2,125,000 $303,571 $0 0.00%

    Lincoln Maine Federal Cr Union lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $50k-75k, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $10,880,000 $139,487 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.08%

    Lincoln Maine Federal Cr Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.03%

    Lincoln Maine Federal Cr Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 78 $10,880,000 $139,487

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    78 $10,880,000 $139,487