Katahdin Trust Company Mortgage Rates, Fees & Info

Patten, ME

LEI: 549300PRPWWDL1RI5M21

Tax ID: 01-0099500

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Mortgage Data

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: Portland, Bangor, Lewiston, Augusta, and Laconia 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 a below average pick rate when compared to similar lenders.

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Originations

190

Origination Dollar Volume (All Markets)

$54,610,000

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
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 36 $22,020,000 $611,667 $0 0.00%
BANGOR, ME (FHA|USDA|VA) 50 $12,790,000 $255,800 $0 0.00%
Outside of Metro Areas 89 $12,765,000 $143,427 $0 0.00%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 9 $5,455,000 $606,111 $0 0.00%
Augusta-Waterville, ME (FHA|USDA|VA) 5 $1,035,000 $207,000 $0 0.00%
Laconia, NH (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
Katahdin Trust Company's top markets include Portland, Bangor, Lewiston, Augusta, and Laconia among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 188 $54,280,000 $288,723 $0 0.00%
    USDA 2 $330,000 $165,000 $0 0.00%

    For 2023, Katahdin Trust Company's most frequently originated type of loan was Conventional, with 188 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 106 $40,630,000 $383,302 $0 0.00%
    Refi 42 $10,460,000 $249,048 $0 0.00%
    Home Improvement 24 $2,130,000 $88,750 $0 0.00%
    Other 18 $1,390,000 $77,222 $0 0.00%

    For 2023, Katahdin Trust Company's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 190 $54,610,000 $287,421 $0 0.00%

    For 2023, Katahdin Trust Company's most frequently cited loan duration was Other, with 190 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 62 $3,090,000 $49,839 $0 0.00%
    $100k-200k 48 $7,030,000 $146,458 $0 0.00%
    $200k-400k 46 $12,400,000 $269,565 $0 0.00%
    $400k-600k 18 $8,570,000 $476,111 $0 0.00%
    $1MM+ 14 $22,170,000 $1,583,571 $0 0.00%
    $600k-1MM 2 $1,350,000 $675,000 $0 0.00%

    2023 saw Katahdin Trust Company place emphasis on $100,000 or less loans with 62 originations, totaling $3,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 30 $1,750,000 $58,333 $0 0.00%
    $100k-150k 28 $4,060,000 $145,000 $0 0.00%
    $50k-75k 22 $2,280,000 $103,636 $0 0.00%
    $150k-250k 16 $3,490,000 $218,125 $0 0.00%
    $250k+ 15 $7,175,000 $478,333 $0 0.00%
    $75k-100k 14 $2,120,000 $151,429 $0 0.00%

    Katahdin Trust Company lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $100k-150k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 190 $54,610,000 $287,421 $0 0.00%

    Katahdin Trust Company lent most frequently to those with DTI ratios of Exempt%, with 190 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 62 $32,960,000 $531,613 $0 0.00%
    White 116 $19,780,000 $170,517 $0 0.00%
    American Indian 3 $905,000 $301,667 $0 0.00%
    Not provided 7 $705,000 $100,714 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%
    Other Pacific Islander 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.53%

    Katahdin Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    89.47%

    Katahdin Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 190 $54,610,000 $287,421

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    190 $54,610,000 $287,421