The Camden National Bank Mortgage Rates, Fees & Info
Camden, MELEI: 549300VMVKSQE1B7DD43
Tax ID: 01-0039505
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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. They have a low ratio of USDA loans. Their top markets by origination volume include: Portland, Boston, Bangor, Augusta, and Lewiston among others. We have data for 58 markets. (Some data included below & more in-depth data is available with an active subscription.)The Camden National Bank has an above 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.97% | 4/28/24 |
| 30 Year Conventional Purchase | 6.33% | 4/28/24 |
| 30 Year Conventional Refi | 6.35% | 4/28/24 |
| 30 Year Cash-out Refi | 6.47% | 4/28/24 |
| 30 Year FHA Purchase | 7.11% | 4/28/24 |
| 30 Year FHA Refi | 7.57% | 4/28/24 |
| 30 Year VA Purchase | 6.24% | 4/28/24 |
| 30 Year VA Refi | 7.13% | 4/28/24 |
| 30 Year USDA Purchase | 6.02% | 4/28/24 |
| 15 Year Conventional Purchase | 6.08% | 4/28/24 |
| 15 Year Conventional Refi | 6.18% | 4/28/24 |
| 15 Year Cash-out Refi | 6.18% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,658Origination Dollar Volume (All Markets)
$946,540,000Awards
The Camden National Bank - 2022
The Camden National Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 755 | $376,605,000 | $498,815 | $4,426 | 4.56% |
| Outside of Metro Areas | 1,036 | $280,080,000 | $270,347 | $3,835 | 4.76% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 192 | $107,410,000 | $559,427 | $4,373 | 4.33% |
| BANGOR, ME (FHA|USDA|VA) | 195 | $43,165,000 | $221,359 | $3,818 | 4.94% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 202 | $33,020,000 | $163,465 | $3,480 | 4.81% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 124 | $21,490,000 | $173,306 | $3,290 | 4.82% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 21 | $12,455,000 | $593,095 | $5,306 | 4.36% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 13 | $9,435,000 | $725,769 | $4,742 | 4.08% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 10 | $7,140,000 | $714,000 | $4,134 | 3.67% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 12 | $6,500,000 | $541,667 | $4,405 | 4.32% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $5,050,000 | $631,250 | $5,437 | 3.76% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $3,560,000 | $593,333 | $4,670 | 4.33% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 8 | $3,450,000 | $431,250 | $4,807 | 4.82% |
| Lebanon, NH-VT (FHA|USDA|VA) | 5 | $2,805,000 | $561,000 | $3,690 | 4.22% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $2,155,000 | $718,333 | $5,909 | 3.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,800,000 | $450,000 | $4,858 | 3.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,715,000 | $571,667 | $3,238 | 4.17% |
| Laconia, NH (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $3,682 | 4.98% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $1,590,000 | $795,000 | $5,066 | 4.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $1,500,000 | $750,000 | $4,648 | 3.75% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $1,385,000 | $1,385,000 | $4,462 | 5.50% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,310,000 | $655,000 | $4,498 | 4.05% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $7,009 | 4.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $4,534 | 4.79% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $1,255,000 | $1,255,000 | $11,139 | 3.49% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $4,508 | 4.38% |
| Rutland, VT (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $6,177 | 3.49% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $5,041 | 3.25% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $3,545 | 3.33% |
| Edwards, CO (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $3,077 | 3.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $3,891 | 4.46% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $3,490 | 3.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $5,161 | 4.63% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $5,456 | 4.63% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $4,869 | 2.88% |
| Concord, NH (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 4.00% |
| Bennington, VT (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $3,823 | 2.88% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,389 | 4.18% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,649 | 4.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,404 | 4.06% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,990 | 6.63% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,807 | 4.38% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,881 | 2.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,997 | 5.75% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,145 | 6.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,409 | 4.25% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,959 | 4.13% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 5.13% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,318 | 5.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,452 | 6.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,002 | 5.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $14,369 | 5.75% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,734 | 5.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,939 | 6.38% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 6.13% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,950 | 4.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,561 | 4.63% |
| Berlin, NH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.10% |
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Product Mix
For 2022, The Camden National Bank's most frequently originated type of loan was Conventional, with 1,871 originations. Their 2nd most popular type was HELOC, with 669 originations.
Loan Reason
For 2022, The Camden National Bank's most frequently cited loan purpose was Home Purchase, with 1,271 originations. The 2nd most popular reason was Home Improvement, with 473 originations.
Loan Duration/Length
For 2022, The Camden National Bank's most frequently cited loan duration was 30 Year, with 2,070 originations. The 2nd most popular length was 20 Year, with 304 originations.
Origination Fees/Closing Costs
The Camden National Bank's average total fees were $4,837, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,405 originations.
Interest Rates
During 2022, The Camden National Bank's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 3-4%, with 898 originations.
Loan Sizing
2022 saw The Camden National Bank place emphasis on $200k-400k loans with 753 originations, totaling $211,695,000 in origination value.
Applicant Income
The Camden National Bank lent most frequently to those with incomes in the $100k-150k range, with 526 originations. The second most popular income band? $250k+, with 508 originations.
Applicant Debt to Income Ratio
The Camden National Bank lent most frequently to those with DTI ratios of 20-30%, with 490 originations. The next most common DTI ratio? 30-36%, with 481 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.22%
The Camden National Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.45%
The Camden National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,658 | $946,540,000 | $356,110 |