Katahdin Fcu Mortgage Rates, Fees & Info
Millinocket, MELEI: 549300SJYSEN2J8N3I32
Tax ID: 01-0227130
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Mortgage Data
Review & Overview
Katahdin Fcu is a smaller credit union specializing in Home Purchase and Refi loans. Katahdin Fcu has a high proportion of conventional loans. Their top two markets are Bangor and Portland .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
34Origination Dollar Volume (All Markets)
$2,320,000Top 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) | 29 | $1,845,000 | $63,621 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $410,000 | $102,500 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 34 | $2,320,000 | $68,235 | $0 | 0.00% |
For 2018, Katahdin Fcu's most frequently originated type of loan was Conventional, with 34 originations.
Loan Reason
For 2018, Katahdin Fcu's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 34 | $2,320,000 | $68,235 | $0 | 0.00% |
For 2018, Katahdin Fcu's most frequently cited loan duration was Other, with 34 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 26 | $1,270,000 | $48,846 | $0 | 0.00% |
| $100k-200k | 8 | $1,050,000 | $131,250 | $0 | 0.00% |
2018 saw Katahdin Fcu place emphasis on $100,000 or less loans with 26 originations, totaling $1,270,000 in origination value.
Applicant Income
Katahdin Fcu lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 34 | $2,320,000 | $68,235 | $0 | 0.00% |
Katahdin Fcu lent most frequently to those with DTI ratios of Exempt%, with 34 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 34 | $2,320,000 | $68,235 | $0 | 0.00% |
Approval Rates
Total approvals of all applications86.00%
Katahdin Fcu has an average approval rate.
Pick Rate
Approvals leading to origination73.53%
Katahdin Fcu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 34 | $2,320,000 | $68,235 |