Bar Harbor Bank & Trust Mortgage Rates, Fees & InfoBar Harbor, ME
Tax ID: 01-0024810
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewBar Harbor Bank & Trust is a smaller bank specializing in Home Purchase, Home Improvement, and Refi loans. Bar Harbor Bank & Trust has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Portland, Lebanon, Manchester, Concord, and Rutland among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)
Bar Harbor Bank & Trust 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. Bar Harbor Bank & Trust is typically a low 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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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||5.77%||12/4/23|
|30 Year Conventional Purchase||6.30%||12/4/23|
|30 Year Conventional Refi||6.22%||12/4/23|
|30 Year Cash-out Refi||6.48%||12/4/23|
|30 Year USDA Purchase||4.91%||12/4/23|
|15 Year Conventional Purchase||6.06%||12/4/23|
|15 Year Conventional Refi||6.00%||12/4/23|
|15 Year Cash-out Refi||6.00%||12/4/23|
|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.|
Bar Harbor Bank & Trust Mortgage Calculator
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This is not an official calculator from Bar Harbor Bank & Trust. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$347,465,000
Bar Harbor Bank & Trust - 2022
Bar Harbor Bank & Trust is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Bar Harbor Bank & Trust's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.05%.
Relative Fees (Closing Costs)
Bar Harbor Bank & Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,584.
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 $4,750.
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)||20||$137,460,000||$6,873,000||$3,906||4.39%|
|Outside of Metro Areas||238||$59,980,000||$252,017||$4,166||4.64%|
|Lebanon, NH-VT (FHA|USDA|VA)||222||$51,310,000||$231,126||$4,358||4.63%|
|MANCHESTER-NASHUA, NH (FHA|USDA|VA)||86||$28,670,000||$333,372||$3,879||4.54%|
|Concord, NH (FHA|USDA|VA)||103||$23,865,000||$231,699||$4,556||4.50%|
|Rutland, VT (FHA|USDA|VA)||30||$9,510,000||$317,000||$4,813||4.80%|
|Sanford, NC (FHA|USDA|VA)||1||$8,005,000||$8,005,000||$0||5.25%|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||24||$7,110,000||$296,250||$4,693||5.03%|
|BANGOR, ME (FHA|USDA|VA)||48||$6,430,000||$133,958||$3,591||5.06%|
|Laconia, NH (FHA|USDA|VA)||5||$3,445,000||$689,000||$5,213||4.32%|
|BARNSTABLE TOWN, MA (FHA|USDA|VA)||2||$3,130,000||$1,565,000||$0||4.50%|
|Augusta-Waterville, ME (FHA|USDA|VA)||18||$2,610,000||$145,000||$3,143||4.76%|
|Keene, NH (FHA|USDA|VA)||12||$2,470,000||$205,833||$3,411||4.50%|
|Bennington, VT (FHA|USDA|VA)||1||$1,035,000||$1,035,000||$7,153||3.75%|
|Berlin, NH (FHA|USDA|VA)||4||$820,000||$205,000||$3,583||3.87%|
|Barre, VT (FHA|USDA|VA)||2||$720,000||$360,000||$4,578||4.25%|
|BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA)||3||$445,000||$148,333||$3,013||4.33%|
|LEWISTON-AUBURN, ME (FHA|USDA|VA)||3||$395,000||$131,667||$3,202||5.62%|
|PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA)||1||$55,000||$55,000||$0||3.99%|
We use machine learning to identify the top lenders compared against Bar Harbor Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Bar Harbor Bank & Trust's most frequently originated type of loan was Conventional, with 534 originations. Their 2nd most popular type was HELOC, with 287 originations.
For 2022, Bar Harbor Bank & Trust's most frequently cited loan purpose was Home Purchase, with 322 originations. The 2nd most popular reason was Home Improvement, with 194 originations.
For 2022, Bar Harbor Bank & Trust's most frequently cited loan duration was 30 Year, with 573 originations. The 2nd most popular length was 30+ year, with 73 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Bar Harbor Bank & Trust's average total fees were $4,584, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 281 originations.
During 2022, Bar Harbor Bank & Trust's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 3-4%, with 358 originations.
2022 saw Bar Harbor Bank & Trust place emphasis on $100k-200k loans with 245 originations, totaling $35,095,000 in origination value.
Bar Harbor Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 159 originations. The second most popular income band? $150k-250k, with 149 originations.
Applicant Debt to Income Ratio
Bar Harbor Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 200 originations. The next most common DTI ratio? 30-36%, with 161 originations.
Approval RatesTotal approvals of all applications
Bar Harbor Bank & Trust has an average approval rate.
Pick RateApprovals leading to origination
Bar Harbor Bank & Trust has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|