Katahdin Trust Company Mortgage Rates, Fees & Info

Patten, ME

LEI: 549300PRPWWDL1RI5M21

Tax ID: 01-0099500

Latest/2023 | 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: Portland, Bangor, Lewiston, and Augusta among others. We have data for 5 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.

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    Originations

    224

    Origination Dollar Volume (All Markets)

    $65,230,000

    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) 35 $28,705,000 $820,143 $0 0.00%
    BANGOR, ME (FHA|USDA|VA) 68 $18,780,000 $276,176 $0 0.00%
    Outside of Metro Areas 112 $13,920,000 $124,286 $0 0.00%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 4 $2,110,000 $527,500 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 5 $1,715,000 $343,000 $0 0.00%
    Katahdin Trust Company's top markets include Portland, Bangor, Lewiston, and Augusta among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 222 $65,000,000 $292,793 $0 0.00%
    USDA 2 $230,000 $115,000 $0 0.00%

    For 2022, Katahdin Trust Company's most frequently originated type of loan was Conventional, with 222 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 138 $50,600,000 $366,667 $0 0.00%
    Refi 50 $12,550,000 $251,000 $0 0.00%
    Home Improvement 18 $1,180,000 $65,556 $0 0.00%
    Other 18 $900,000 $50,000 $0 0.00%

    For 2022, Katahdin Trust Company's most frequently cited loan purpose was Home Purchase, with 138 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 224 $65,230,000 $291,205 $0 0.00%

    For 2022, Katahdin Trust Company's most frequently cited loan duration was Other, with 224 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 74 $10,630,000 $143,649 $0 0.00%
    $100,000 or less 71 $4,035,000 $56,831 $0 0.00%
    $200k-400k 38 $10,010,000 $263,421 $0 0.00%
    $400k-600k 18 $8,700,000 $483,333 $0 0.00%
    $1MM+ 14 $25,750,000 $1,839,286 $0 0.00%
    $600k-1MM 9 $6,105,000 $678,333 $0 0.00%

    2022 saw Katahdin Trust Company place emphasis on $100k-200k loans with 74 originations, totaling $10,630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $7,325,000 $178,659 $0 0.00%
    $50k-75k 31 $3,215,000 $103,710 $0 0.00%
    $50k or less 31 $3,265,000 $105,323 $0 0.00%
    $75k-100k 23 $3,625,000 $157,609 $0 0.00%
    $150k-250k 21 $2,845,000 $135,476 $0 0.00%
    $250k+ 8 $2,010,000 $251,250 $0 0.00%

    Katahdin Trust Company lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $50k-75k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 224 $65,230,000 $291,205 $0 0.00%

    Katahdin Trust Company lent most frequently to those with DTI ratios of Exempt%, with 224 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 65 $42,375,000 $651,923 $0 0.00%
    White 149 $20,855,000 $139,966 $0 0.00%
    Not provided 6 $1,210,000 $201,667 $0 0.00%
    Asian 1 $315,000 $315,000 $0 0.00%
    Black 1 $185,000 $185,000 $0 0.00%
    American Indian 1 $155,000 $155,000 $0 0.00%
    Other Asian 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.18%

    Katahdin Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.27%

    Katahdin Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 224 $65,230,000 $291,205

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    224 $65,230,000 $291,205