Katahdin Trust Company Mortgage Rates, Fees & Info

Patten, ME

LEI: 549300PRPWWDL1RI5M21

Tax ID: 01-0099500

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

    Katahdin Trust Company is a smaller mortgage company specializing in Home Purchase loans. Katahdin Trust Company has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Bangor, Portland, Lewiston, Worcester, and Augusta among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Katahdin Trust Company has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

    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

    171

    Origination Dollar Volume (All Markets)

    $44,845,000

    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) 53 $15,665,000 $295,566 $0 0.00%
    Outside of Metro Areas 89 $14,665,000 $164,775 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 24 $12,540,000 $522,500 $0 0.00%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 2 $980,000 $490,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $655,000 $655,000 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
    Katahdin Trust Company's top markets include Bangor, Portland, Lewiston, Worcester, and Augusta among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 169 $44,455,000 $263,047 $0 0.00%
    USDA 2 $390,000 $195,000 $0 0.00%

    For 2024, Katahdin Trust Company's most frequently originated type of loan was Conventional, with 169 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 117 $37,305,000 $318,846 $0 0.00%
    Refi 30 $6,070,000 $202,333 $0 0.00%
    Home Improvement 17 $1,155,000 $67,941 $0 0.00%
    Other 7 $315,000 $45,000 $0 0.00%

    For 2024, Katahdin Trust Company's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 171 $44,845,000 $262,251 $0 0.00%

    For 2024, Katahdin Trust Company's most frequently cited loan duration was Other, with 171 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 55 $3,105,000 $56,455 $0 0.00%
    $100k-200k 44 $6,300,000 $143,182 $0 0.00%
    $200k-400k 40 $11,670,000 $291,750 $0 0.00%
    $400k-600k 15 $6,755,000 $450,333 $0 0.00%
    $600k-1MM 9 $6,655,000 $739,444 $0 0.00%
    $1MM+ 8 $10,360,000 $1,295,000 $0 0.00%

    2024 saw Katahdin Trust Company place emphasis on $100,000 or less loans with 55 originations, totaling $3,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 29 $5,885,000 $202,931 $0 0.00%
    $50k or less 23 $1,565,000 $68,043 $0 0.00%
    $150k-250k 21 $5,125,000 $244,048 $0 0.00%
    $75k-100k 21 $3,225,000 $153,571 $0 0.00%
    $50k-75k 20 $1,960,000 $98,000 $0 0.00%
    $250k+ 6 $3,760,000 $626,667 $0 0.00%

    Katahdin Trust Company lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $50k or less, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 171 $44,845,000 $262,251 $0 0.00%

    Katahdin Trust Company lent most frequently to those with DTI ratios of Exempt%, with 171 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 48 $21,710,000 $452,292 $0 0.00%
    White 113 $21,295,000 $188,451 $0 0.00%
    Not provided 8 $1,550,000 $193,750 $0 0.00%
    American Indian 2 $290,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.59%

    Katahdin Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.06%

    Katahdin Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 171 $44,845,000 $262,251

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    171 $44,845,000 $262,251