Bar Harbor Bank & Trust Mortgage Rates, Fees & Info

Bar Harbor, ME

LEI: 549300VR3QTN4GZYUR03

Tax ID: 01-0024810

5 stars - Updated: 5/25/25 - out of 5 stars, based on 23 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Bar Harbor Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Bar Harbor Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Manchester, Lebanon, Concord, Boston, and Rutland among others. We have data for 17 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 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) 6.91% 5/25/25
    30 Year Conventional Purchase 7.22% 5/25/25
    30 Year Conventional Refi 6.79% 5/25/25
    30 Year Cash-out Refi 7.21% 5/25/25
    30 Year USDA Purchase 6.72% 5/25/25
    15 Year Conventional Purchase 6.40% 5/25/25
    15 Year Conventional Refi 5.88% 5/25/25
    15 Year Cash-out Refi 5.88% 5/25/25
    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






    Your Estimates

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

    This is not an official calculator from Bar Harbor Bank & Trust. 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

    543

    Origination Dollar Volume (All Markets)

    $171,485,000

    Awards

    Bar Harbor Bank & Trust 30 Year Conventional Loans silver Bar Harbor Bank & Trust 30 Year Conventional Loans silver Bar Harbor Bank & Trust 30 Year Conventional Loans silver
    Show all (3) awards

    Relative Rate

    Bar Harbor Bank & Trust's average 30 year fixed mortgage rate was 7.7%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 1.15%.

    Relative Fees (Closing Costs)

    Bar Harbor Bank & Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $4,390.

    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 $8,356.

    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
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 67 $55,485,000 $828,134 $4,707 7.55%
    Outside of Metro Areas 187 $45,055,000 $240,936 $4,692 7.75%
    Lebanon, NH-VT (FHA|USDA|VA) 106 $29,170,000 $275,189 $4,440 7.71%
    Concord, NH (FHA|USDA|VA) 66 $12,720,000 $192,727 $3,983 7.81%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 26 $9,040,000 $347,692 $4,037 7.33%
    Rutland, VT (FHA|USDA|VA) 18 $5,670,000 $315,000 $6,199 7.60%
    BANGOR, ME (FHA|USDA|VA) 31 $3,255,000 $105,000 $2,202 8.16%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 9 $2,455,000 $272,778 $2,736 7.61%
    Augusta-Waterville, ME (FHA|USDA|VA) 12 $2,340,000 $195,000 $3,582 7.41%
    Laconia, NH (FHA|USDA|VA) 7 $2,195,000 $313,571 $5,199 7.82%
    Keene, NH (FHA|USDA|VA) 7 $1,895,000 $270,714 $3,954 7.56%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $625,000 $625,000 $4,553 6.88%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $465,000 $465,000 $6,493 7.38%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $410,000 $205,000 $4,507 7.31%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,636 7.50%
    Barre, VT (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.50%
    Bar Harbor Bank & Trust's top markets include Manchester, Lebanon, Concord, Boston, and Rutland among others.

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

    • Similar Lenders

    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.

    Kennebec Savings Bank
    Similarity Rank: 40
    Northfield Savings Bank
    Similarity Rank: 40
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 70
    Piscataqua Savings Bank
    Similarity Rank: 100
    Maine Savings Federal Credit Union
    Similarity Rank: 114
    Saco Valley Credit Union
    Similarity Rank: 136
    EVERGREEN
    Similarity Rank: 145
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 170
    Bath Savings Institution
    Similarity Rank: 210
    St. Mary's Credit Union
    Similarity Rank: 220

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 300 $136,050,000 $453,500 $4,415 7.22%
    HELOC 243 $35,435,000 $145,823 n/a 8.31%

    For 2024, Bar Harbor Bank & Trust's most frequently originated type of loan was Conventional, with 300 originations. Their 2nd most popular type was HELOC, with 243 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 221 $78,745,000 $356,312 $4,777 7.18%
    Home Improvement 134 $13,390,000 $99,925 $2,581 8.19%
    Other 90 $15,670,000 $174,111 $2,956 8.21%
    Refi 70 $58,190,000 $831,286 $5,558 8.04%
    Cash Out Refi 28 $5,490,000 $196,071 $3,432 7.15%

    For 2024, Bar Harbor Bank & Trust's most frequently cited loan purpose was Home Purchase, with 221 originations. The 2nd most popular reason was Home Improvement, with 134 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 450 $97,850,000 $217,444 $4,390 7.70%
    30+ year 35 $20,375,000 $582,143 $6,057 7.89%
    10 Year 26 $5,210,000 $200,385 $1,649 7.71%
    Other 10 $2,750,000 $275,000 $4,635 8.49%
    15 Year 9 $2,605,000 $289,444 $4,839 6.14%
    5 Year 5 $6,305,000 $1,261,000 $0 8.50%
    20 Year 4 $550,000 $137,500 $3,738 7.09%
    1 Year 2 $140,000 $70,000 $0 8.80%
    3 Year 2 $35,700,000 $17,850,000 $0 7.81%

    For 2024, Bar Harbor Bank & Trust's most frequently cited loan duration was 30 Year, with 450 originations. The 2nd most popular length was 30+ year, with 35 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 165 $60,085,000 $364,152
    $1k-2k 44 $10,600,000 $240,909
    $2k-3k 26 $7,530,000 $289,615
    $5k+ 13 $5,215,000 $401,154
    $3k-4k 8 $1,820,000 $227,500
    $4k-5k 8 $2,370,000 $296,250

    Bar Harbor Bank & Trust's average total fees were $4,390, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 165 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 203 $42,285,000 $208,300
    7-8% 202 $93,960,000 $465,149
    6-7% 123 $31,715,000 $257,846
    5-6% 15 $3,525,000 $235,000

    During 2024, Bar Harbor Bank & Trust's average interest rate for loans was 7.70%, while their most frequently originated rate bucket for loans was Over 8%, with 203 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 177 $50,325,000 $284,322 $4,657 7.48%
    $100,000 or less 150 $8,640,000 $57,600 $2,425 8.03%
    $100k-200k 137 $19,095,000 $139,380 $3,563 7.72%
    $400k-600k 42 $19,910,000 $474,048 $5,180 7.52%
    $600k-1MM 25 $18,415,000 $736,600 $5,860 7.63%
    $1MM+ 12 $55,100,000 $4,591,667 $8,698 7.85%

    2024 saw Bar Harbor Bank & Trust place emphasis on $200k-400k loans with 177 originations, totaling $50,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 139 $30,515,000 $219,532 $4,370 7.66%
    $150k-250k 109 $28,825,000 $264,450 $4,866 7.77%
    $250k+ 93 $44,365,000 $477,043 $5,529 7.75%
    $50k-75k 75 $9,045,000 $120,600 $3,532 7.52%
    $75k-100k 74 $10,700,000 $144,595 $3,620 7.86%
    $50k or less 33 $2,895,000 $87,727 $3,641 7.33%

    Bar Harbor Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 139 originations. The second most popular income band? $150k-250k, with 109 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 101 $21,325,000 $211,139 $4,167 7.77%
    20-30% 89 $21,755,000 $244,438 $4,442 7.56%
    42% 65 $14,605,000 $224,692 $4,601 8.06%
    <20% 41 $9,705,000 $236,707 $4,197 7.82%
    40% 32 $9,560,000 $298,750 $4,894 7.50%
    41% 29 $5,415,000 $186,724 $3,825 7.85%
    39% 26 $6,400,000 $246,154 $4,404 7.85%
    37% 18 $3,500,000 $194,444 $3,997 7.61%
    43% 17 $3,905,000 $229,706 $3,708 7.92%
    44% 15 $2,965,000 $197,667 $3,629 7.41%
    38% 15 $3,035,000 $202,333 $3,761 7.99%
    36% 14 $4,160,000 $297,143 $4,420 7.48%
    45% 13 $3,595,000 $276,538 $4,288 7.02%
    49% 12 $4,340,000 $361,667 $5,358 7.18%
    46% 10 $5,090,000 $509,000 $4,255 7.23%
    47% 10 $2,930,000 $293,000 $5,958 7.11%
    48% 8 $2,400,000 $300,000 $5,613 6.84%
    50-60% 4 $1,080,000 $270,000 $4,214 7.03%
    >60% 1 $515,000 $515,000 $3,763 7.88%

    Bar Harbor Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 101 originations. The next most common DTI ratio? 20-30%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 418 $99,460,000 $237,943 $4,262 7.71%
    Not applicable 15 $38,905,000 $2,593,667 $0 8.51%
    Not provided 94 $27,850,000 $296,277 $4,966 7.67%
    Asian 11 $3,785,000 $344,091 $4,506 7.24%
    Black 3 $1,225,000 $408,333 $6,259 7.33%
    American Indian 2 $260,000 $130,000 $3,650 7.69%

    Approval Rates

    Total approvals of all applications
    78.77%

    Bar Harbor Bank & Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.11%

    Bar Harbor Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $45,000 $45,000
    NA 542 $171,440,000 $316,310

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    543 $171,485,000 $315,810

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 116 $22,280,000 $192,069 $3,327 7.92%
    40-60% 93 $62,335,000 $670,269 $4,705 7.60%
    60-80% 107 $43,315,000 $404,813 $4,768 7.35%
    80-100% 81 $32,705,000 $403,765 $4,981 7.13%
    Under 20% 144 $10,490,000 $72,847 $2,004 8.21%