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 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
49Origination Dollar Volume (All Markets)
$5,715,000Top 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) | 42 | $4,520,000 | $107,619 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $1,195,000 | $170,714 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $5,715,000 | $116,633 | $0 | 0.00% |
For 2022, Katahdin Fcu's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 34 | $3,550,000 | $104,412 | $0 | 0.00% |
| Home Purchase | 15 | $2,165,000 | $144,333 | $0 | 0.00% |
For 2022, Katahdin Fcu's most frequently cited loan purpose was Refi, with 34 originations. The 2nd most popular reason was Home Purchase, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $5,715,000 | $116,633 | $0 | 0.00% |
For 2022, Katahdin Fcu's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2022 saw Katahdin Fcu place emphasis on $100,000 or less loans with 30 originations, totaling $1,870,000 in origination value.
Applicant Income
Katahdin Fcu lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $100k-150k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $5,715,000 | $116,633 | $0 | 0.00% |
Katahdin Fcu lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 49 | $5,715,000 | $116,633 | $0 | 0.00% |
Approval Rates
Total approvals of all applications86.57%
Katahdin Fcu has an average approval rate.
Pick Rate
Approvals leading to origination83.67%
Katahdin Fcu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $5,715,000 | $116,633 |