Katahdin Trust Company Mortgage Rates, Fees & Info
Patten, MELEI: 549300PRPWWDL1RI5M21
Tax ID: 01-0099500
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
190Origination Dollar Volume (All Markets)
$54,610,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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
Approval Rates
Total approvals of all applications83.53%
Katahdin Trust Company has a below average approval rate.
Pick Rate
Approvals leading to origination89.47%
Katahdin Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 190 | $54,610,000 | $287,421 |