The Camden National Bank Mortgage Rates, Fees & Info

Camden, ME

LEI: 549300VMVKSQE1B7DD43

Tax ID: 01-0039505

5 stars - Updated: 6/17/24 - out of 5 stars, based on 41 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

The Camden National Bank is a smaller bank specializing in Home Purchase loans. The Camden National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Portland, Boston, Augusta, Bangor, and Lewiston among others. We have data for 43 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Camden National Bank 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. The Camden National Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 5.97% 6/17/24
30 Year Conventional Purchase 6.33% 6/17/24
30 Year Conventional Refi 6.35% 6/17/24
30 Year Cash-out Refi 6.47% 6/17/24
30 Year FHA Purchase 7.11% 6/17/24
30 Year FHA Refi 7.57% 6/17/24
30 Year VA Purchase 6.24% 6/17/24
30 Year VA Refi 7.13% 6/17/24
30 Year USDA Purchase 6.02% 6/17/24
15 Year Conventional Purchase 6.08% 6/17/24
15 Year Conventional Refi 6.18% 6/17/24
15 Year Cash-out Refi 6.18% 6/17/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

The Camden National Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from The Camden National Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,642

Origination Dollar Volume (All Markets)

$496,730,000
Show all (11) awards

Relative Rate

The Camden National Bank's average 30 year fixed mortgage rate was 7.25%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.77%.

Relative Fees (Closing Costs)

The Camden National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,843.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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) 479 $210,145,000 $438,716 $4,262 7.18%
Outside of Metro Areas 618 $136,840,000 $221,424 $3,761 7.45%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 121 $61,475,000 $508,058 $5,329 6.95%
Augusta-Waterville, ME (FHA|USDA|VA) 166 $25,960,000 $156,386 $3,711 7.50%
BANGOR, ME (FHA|USDA|VA) 122 $21,360,000 $175,082 $4,275 7.52%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 70 $11,240,000 $160,571 $2,757 7.54%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 6 $4,770,000 $795,000 $4,969 6.71%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $4,470,000 $1,117,500 $6,178 6.78%
WORCESTER, MA-CT (FHA|USDA|VA) 10 $3,250,000 $325,000 $4,165 6.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $1,625,000 $541,667 $4,460 6.21%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $1,260,000 $630,000 $3,261 6.75%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 3 $1,085,000 $361,667 $4,397 7.29%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $1,050,000 $525,000 $7,428 5.81%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $9,394 7.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $850,000 $425,000 $5,421 7.06%
SPRINGFIELD, MA (FHA|USDA|VA) 3 $745,000 $248,333 $10,334 6.92%
Concord, NH (FHA|USDA|VA) 3 $735,000 $245,000 $2,314 7.67%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $725,000 $725,000 $6,716 5.38%
Torrington, CT (FHA|USDA|VA) 1 $655,000 $655,000 $4,468 6.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $635,000 $635,000 $9,075 8.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $605,000 $605,000 $4,386 5.63%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $535,000 $535,000 $5,549 6.63%
Berlin, NH (FHA|USDA|VA) 1 $515,000 $515,000 $4,402 7.49%
Lebanon, NH-VT (FHA|USDA|VA) 2 $500,000 $250,000 $4,437 7.19%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $465,000 $465,000 $4,161 7.25%
Keene, NH (FHA|USDA|VA) 1 $455,000 $455,000 $3,678 7.25%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $385,000 $385,000 $5,169 6.88%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $355,000 $355,000 $4,135 6.49%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $335,000 $335,000 $10,149 6.25%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $335,000 $335,000 $4,816 7.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,229 7.13%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $255,000 $255,000 $4,066 7.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,613 7.63%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $205,000 $205,000 $4,201 6.38%
KNOXVILLE, TN (FHA|USDA|VA) 1 $205,000 $205,000 $2,870 6.88%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,947 6.88%
OCALA, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,652 7.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $4,711 5.99%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,205 6.63%
Rutland, VT (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.25%
LYNCHBURG, VA (FHA|USDA|VA) 1 $85,000 $85,000 $3,025 5.88%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $85,000 $85,000 $2,225 6.50%
READING, PA (FHA|USDA|VA) 1 $85,000 $85,000 $3,170 7.00%
The Camden National Bank's top markets include Portland, Boston, Augusta, Bangor, and Lewiston among others.

Their top states include:
  • Maine (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against The Camden National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    RTN FEDERAL CREDIT UNION
    Similarity Rank: 40
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    Similarity Rank: 45
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    Maine Savings Federal Credit Union
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    Bath Savings Institution
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,044 $384,490,000 $368,285 $3,668 7.03%
    HELOC 489 $82,745,000 $169,213 n/a 8.24%
    FHA 59 $15,985,000 $270,932 $8,744 6.05%
    VA 29 $9,685,000 $333,966 $8,042 6.11%
    USDA 21 $3,825,000 $182,143 $5,670 5.73%

    For 2023, The Camden National Bank's most frequently originated type of loan was Conventional, with 1,044 originations. Their 2nd most popular type was HELOC, with 489 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 823 $335,265,000 $407,369 $4,821 6.78%
    Home Improvement 317 $47,365,000 $149,416 $1,589 8.09%
    Other 222 $39,470,000 $177,793 $1,755 7.94%
    Cash Out Refi 218 $49,480,000 $226,972 $3,279 7.62%
    Refi 62 $25,150,000 $405,645 $3,632 7.40%

    For 2023, The Camden National Bank's most frequently cited loan purpose was Home Purchase, with 823 originations. The 2nd most popular reason was Home Improvement, with 317 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,343 $447,675,000 $333,340 $4,843 7.25%
    20 Year 183 $21,065,000 $115,109 $1,012 7.87%
    Other 55 $11,395,000 $207,182 $960 7.84%
    15 Year 39 $10,355,000 $265,513 $3,804 6.52%
    5 Year 11 $2,135,000 $194,091 $0 7.91%
    10 Year 8 $3,660,000 $457,500 $2,878 7.08%
    1 Year 3 $445,000 $148,333 $0 8.68%

    For 2023, The Camden National Bank's most frequently cited loan duration was 30 Year, with 1,343 originations. The 2nd most popular length was 20 Year, with 183 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 591 $200,195,000 $338,739
    $1k-2k 308 $108,880,000 $353,506
    $3k-4k 68 $29,990,000 $441,029
    $2k-3k 29 $9,225,000 $318,103
    $4k-5k 20 $22,850,000 $1,142,500
    $5k+ 10 $5,320,000 $532,000

    The Camden National Bank's average total fees were $4,843, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 591 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 535 $152,595,000 $285,224
    Over 8% 455 $79,135,000 $173,923
    6-7% 449 $197,145,000 $439,076
    5-6% 196 $65,810,000 $335,765
    4-5% 7 $2,045,000 $292,143

    During 2023, The Camden National Bank's average interest rate for loans was 7.25%, while their most frequently originated rate bucket for loans was 7-8%, with 535 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 490 $138,770,000 $283,204 $4,359 7.09%
    $100k-200k 386 $55,200,000 $143,005 $3,247 7.42%
    $100,000 or less 382 $20,980,000 $54,921 $1,268 7.93%
    $400k-600k 205 $98,225,000 $479,146 $5,211 6.93%
    $600k-1MM 122 $90,730,000 $743,689 $5,850 6.94%
    $1MM+ 57 $92,825,000 $1,628,509 $8,047 6.90%

    2023 saw The Camden National Bank place emphasis on $200k-400k loans with 490 originations, totaling $138,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 355 $117,885,000 $332,070 $4,376 7.42%
    $250k+ 301 $197,445,000 $655,963 $4,948 7.27%
    $100k-150k 300 $76,150,000 $253,833 $4,325 7.32%
    $50k-75k 254 $35,370,000 $139,252 $3,650 7.10%
    $75k-100k 225 $38,315,000 $170,289 $3,683 7.34%
    $50k or less 120 $9,380,000 $78,167 $2,463 7.35%

    The Camden National Bank lent most frequently to those with incomes in the $150k-250k range, with 355 originations. The second most popular income band? $250k+, with 301 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 294 $84,360,000 $286,939 $3,561 7.16%
    30-36% 252 $72,600,000 $288,095 $3,701 7.23%
    47% 121 $36,245,000 $299,545 $4,194 7.70%
    <20% 110 $31,580,000 $287,091 $3,777 7.52%
    46% 89 $33,875,000 $380,618 $4,791 7.52%
    44% 88 $29,730,000 $337,841 $4,374 7.26%
    45% 87 $25,465,000 $292,701 $4,331 7.37%
    42% 79 $22,895,000 $289,810 $4,131 7.30%
    43% 72 $24,260,000 $336,944 $4,616 7.41%
    41% 66 $21,090,000 $319,545 $3,844 7.17%
    38% 55 $16,395,000 $298,091 $4,228 7.31%
    39% 52 $13,380,000 $257,308 $3,870 7.48%
    40% 51 $19,465,000 $381,667 $4,652 7.33%
    36% 48 $16,330,000 $340,208 $5,040 7.17%
    37% 42 $8,470,000 $201,667 $3,886 7.39%
    48% 26 $8,810,000 $338,846 $4,439 6.94%
    49% 24 $7,800,000 $325,000 $5,744 6.58%
    50-60% 18 $6,160,000 $342,222 $8,387 6.41%

    The Camden National Bank lent most frequently to those with DTI ratios of 20-30%, with 294 originations. The next most common DTI ratio? 30-36%, with 252 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,361 $413,515,000 $303,832 $4,103 7.32%
    Not provided 200 $56,200,000 $281,000 $4,030 7.23%
    Not applicable 57 $15,935,000 $279,561 $0 7.90%
    Asian 10 $6,340,000 $634,000 $6,882 7.05%
    Black 9 $3,345,000 $371,667 $5,792 6.42%
    Asian Indian 2 $1,000,000 $500,000 $5,317 7.44%
    American Indian 3 $395,000 $131,667 $0 8.33%

    Approval Rates

    Total approvals of all applications
    88.96%

    The Camden National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.88%

    The Camden National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,642 $496,730,000 $302,515

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,642 $496,730,000 $302,515

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 340 $68,550,000 $201,618 $2,468 7.68%
    40-60% 231 $65,265,000 $282,532 $3,736 7.25%
    60-80% 415 $184,465,000 $444,494 $4,766 7.12%
    80-100% 352 $145,860,000 $414,375 $5,346 6.70%
    Over 100% 11 $5,975,000 $543,182 $16,341 7.17%
    Under 20% 288 $26,020,000 $90,347 $989 8.01%