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 Home Purchase and Refi 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 an average pick rate when compared to similar lenders.
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Originations
45Origination Dollar Volume (All Markets)
$2,655,000Top 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) | 40 | $2,370,000 | $59,250 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $285,000 | $57,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $2,655,000 | $59,000 | $0 | 0.00% |
For 2019, Lincoln Maine Federal Cr Union's most frequently originated type of loan was Conventional, with 45 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 25 | $1,365,000 | $54,600 | $0 | 0.00% |
| Refi | 12 | $780,000 | $65,000 | $0 | 0.00% |
| Cash Out Refi | 8 | $510,000 | $63,750 | $0 | 0.00% |
For 2019, Lincoln Maine Federal Cr Union's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 45 | $2,655,000 | $59,000 | $0 | 0.00% |
For 2019, Lincoln Maine Federal Cr Union's most frequently cited loan duration was Other, with 45 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 39 | $1,885,000 | $48,333 | $0 | 0.00% |
| $100k-200k | 6 | $770,000 | $128,333 | $0 | 0.00% |
2019 saw Lincoln Maine Federal Cr Union place emphasis on $100,000 or less loans with 39 originations, totaling $1,885,000 in origination value.
Applicant Income
Lincoln Maine Federal Cr Union lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $50k-75k, with 11 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 45 | $2,655,000 | $59,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications74.65%
Lincoln Maine Federal Cr Union has a below average approval rate.
Pick Rate
Approvals leading to origination93.33%
Lincoln Maine Federal Cr Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 45 | $2,655,000 | $59,000 |