Katahdin Fcu Mortgage Rates, Fees & Info
Millinocket, MELEI: 549300SJYSEN2J8N3I32
Tax ID: 01-0227130
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Katahdin Fcu is a smaller credit union specializing in Refi and Home Purchase loans. Katahdin Fcu has a high proportion of conventional loans. Their top (well, only) market is Bangor.Katahdin Fcu 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
22Origination Dollar Volume (All Markets)
$2,430,000Top 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) | 16 | $1,670,000 | $104,375 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $760,000 | $126,667 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 22 | $2,430,000 | $110,455 | $0 | 0.00% |
For 2024, Katahdin Fcu's most frequently originated type of loan was Conventional, with 22 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 13 | $1,525,000 | $117,308 | $0 | 0.00% |
| Home Purchase | 9 | $905,000 | $100,556 | $0 | 0.00% |
For 2024, Katahdin Fcu's most frequently cited loan purpose was Refi, with 13 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 22 | $2,430,000 | $110,455 | $0 | 0.00% |
For 2024, Katahdin Fcu's most frequently cited loan duration was Other, with 22 originations.
Loan Sizing
2024 saw Katahdin Fcu place emphasis on $100,000 or less loans with 10 originations, totaling $660,000 in origination value.
Applicant Income
Katahdin Fcu lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $50k or less, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 22 | $2,430,000 | $110,455 | $0 | 0.00% |
Katahdin Fcu lent most frequently to those with DTI ratios of Exempt%, with 22 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 22 | $2,430,000 | $110,455 | $0 | 0.00% |
Approval Rates
Total approvals of all applications83.33%
Katahdin Fcu has a below average approval rate.
Pick Rate
Approvals leading to origination86.36%
Katahdin Fcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 22 | $2,430,000 | $110,455 |