PORTLAND - SOUTH PORTLAND Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Portland - South Portland averaged
6.68%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
7.02% and
one month ago for the week of 2023-08-10, the
average rate was 6.86%.
Portland - South Portland's average rate one year ago was 5.69%.
For refis of the same type during the week of 2023-09-14, the average rate
was 6.21%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
Portland - South Portland 30 Year Fixed Rate | 2023-09-14 | 6.68% |
Portland - South Portland 30 Year Fixed Rate Refi | 2023-09-14 | 6.21% |
Portland - South Portland 15 Year Fixed Rate | 2023-09-14 | 6.43% |
Portland - South Portland 15 Year Fixed Rate Refi | 2023-09-14 | 5.28% |
Portland - South Portland 30 Year FHA | 2023-09-14 | 6.53% |
Portland - South Portland 30 Year FHA Refi | 2023-09-14 | 7.19% |
Portland - South Portland 30 Year USDA | 2023-09-14 | 5.63% |
Portland - South Portland 30 Year USDA Refi | 2023-09-14 | 7.18% |
Portland - South Portland 30 Year VA | 2023-09-14 | 6.17% |
Portland - South Portland 30 Year VA Refi | 2023-09-14 | 6.81% |
PORTLAND - SOUTH PORTLAND Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the PORTLAND-SOUTH PORTLAND, ME market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
PORTLAND - SOUTH PORTLAND Average Closing Costs & Other Stats
PORTLAND-SOUTH PORTLAND, ME's 253 lenders originated 18,768
loans during 2022. The total origination value was $6,147,970,000, with an average loan value of
$327,577.
PORTLAND - SOUTH PORTLAND's average closing costs are $4,817.
The top PORTLAND - SOUTH PORTLAND lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
640 loans originated. Their average total fees are
$6,912, which is $1,743
higher than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee PORTLAND - SOUTH PORTLAND lenders (with over 10 loans originated) are
Discover Bank ($0), EVERETT FINANCIAL, INC. ($2,811), Wyndham Capital Mortgage, Inc. ($2,910), Saco Valley Credit Union ($2,976) and TOWN & COUNTRY FEDERAL CREDIT UNION ($3,069).
The lowest rate PORTLAND - SOUTH PORTLAND lenders (with over 10 loans originated) are
People's United Bank (3.19%), BETTER MORTGAGE CORPORATION (3.56%), First Republic Bank (3.60%), UBS Bank USA (3.69%) and Citibank (3.83%).
PORTLAND-SOUTH PORTLAND, ME Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Bangor Savings Bank | $608,355,000 | $463,655,000 | -23.8% | 7.5% |
The Camden National Bank | $472,045,000 | $376,605,000 | -20.2% | 6.1% |
UNITED WHOLESALE MORTGAGE, LLC | $622,350,000 | $326,630,000 | -47.5% | 5.3% |
GUILD MORTGAGE COMPANY | $28,495,000 | $224,780,000 | 688.8% | 3.7% |
QUICKEN LOANS, LLC | $501,495,000 | $186,035,000 | -62.9% | 3.0% |
Androscoggin Savings Bank | $190,035,000 | $160,665,000 | -15.5% | 2.6% |
Gorham Savings Bank | $131,780,000 | $159,250,000 | 20.8% | 2.6% |
CMG MORTGAGE, INC. | $307,180,000 | $157,395,000 | -48.8% | 2.6% |
Kennebunk Savings Bank | $138,255,000 | $144,150,000 | 4.3% | 2.3% |
Bar Harbor Bank & Trust | $51,190,000 | $137,460,000 | 168.5% | 2.2% |
Saco & Biddeford Savings Institution | $192,625,000 | $136,415,000 | -29.2% | 2.2% |
KeyBank | $215,540,000 | $130,870,000 | -39.3% | 2.1% |
TD Bank | $164,360,000 | $129,190,000 | -21.4% | 2.1% |
Norway Savings Bank | $131,680,000 | $127,565,000 | -3.1% | 2.1% |
ATLANTIC REGIONAL FEDERAL CREDIT UNION | $134,010,000 | $113,355,000 | -15.4% | 1.8% |
CALIBER HOME LOANS, INC. | $180,695,000 | $113,210,000 | -37.3% | 1.8% |
SIS BANCORP, MHC | $86,175,000 | $106,495,000 | 23.6% | 1.7% |
Bath Savings Institution | $141,905,000 | $86,790,000 | -38.8% | 1.4% |
ACADEMY MORTGAGE CORPORATION | $145,475,000 | $84,390,000 | -42.0% | 1.4% |
WALKER & DUNLOP, LLC | $10,805,000 | $78,500,000 | 626.5% | 1.3% |
Bank of America | $114,265,000 | $76,215,000 | -33.3% | 1.2% |
Citizens Bank | $125,810,000 | $73,150,000 | -41.9% | 1.2% |
Deere Employees Credit Union | $29,730,000 | $72,850,000 | 145.0% | 1.2% |
Maine Community Bank | $83,200,000 | $70,685,000 | -15.0% | 1.1% |
LOANDEPOT.COM, LLC | $203,615,000 | $68,155,000 | -66.5% | 1.1% |
TOTAL MORTGAGE SERVICES, LLC | $148,375,000 | $67,460,000 | -54.5% | 1.1% |
NORTHPOINT MORTGAGE, INC. | $122,050,000 | $66,465,000 | -45.5% | 1.1% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $21,460,000 | $56,245,000 | 162.1% | 0.9% |
Arbor Realty Trust, Inc. | $55,195,000 | n/a | 0.9% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $70,125,000 | $54,835,000 | -21.8% | 0.9% |
T2 FINANCIAL LLC | $29,355,000 | $51,500,000 | 75.4% | 0.8% |
Mr. Cooper ( Nationstar Mortgage ) | $108,210,000 | $46,640,000 | -56.9% | 0.8% |
NORWICH COMMERCIAL GROUP, INC. | $97,085,000 | $43,660,000 | -55.0% | 0.7% |
Wells Fargo Bank | $108,925,000 | $43,085,000 | -60.4% | 0.7% |
JPMorgan Chase Bank | $94,795,000 | $42,820,000 | -54.8% | 0.7% |
INTEGRITY MORTGAGE LLC | $123,725,000 | $41,875,000 | -66.2% | 0.7% |
Kennebec Savings Bank | $53,620,000 | $41,835,000 | -22.0% | 0.7% |
TOWN & COUNTRY FEDERAL CREDIT UNION | $69,830,000 | $39,160,000 | -43.9% | 0.6% |
NORTHEAST CREDIT UNION | $59,330,000 | $37,925,000 | -36.1% | 0.6% |
GUARANTEED RATE, INC. | $92,185,000 | $37,275,000 | -59.6% | 0.6% |
PEOPLESCHOICE CREDIT UNION | $23,975,000 | $35,090,000 | 46.4% | 0.6% |
EVERGREEN | $53,485,000 | $34,880,000 | -34.8% | 0.6% |
Mortgage Research Center, LLC | $39,980,000 | $34,815,000 | -12.9% | 0.6% |
FREEDOM MORTGAGE CORPORATION | $147,285,000 | $34,650,000 | -76.5% | 0.6% |
NBT Bank | $134,350,000 | $34,085,000 | -74.6% | 0.6% |
Mortgage Network, Inc. | $157,830,000 | $34,080,000 | -78.4% | 0.6% |
NAVY FEDERAL CREDIT UNION | $51,070,000 | $33,580,000 | -34.2% | 0.5% |
Machias Savings Bank | $54,740,000 | $32,555,000 | -40.5% | 0.5% |
EMBRACE HOME LOANS, INC. | $68,850,000 | $32,395,000 | -52.9% | 0.5% |
MOVEMENT MORTGAGE, LLC | $12,085,000 | $29,550,000 | 144.5% | 0.5% |
Katahdin Trust Company | $33,920,000 | $28,705,000 | -15.4% | 0.5% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $48,865,000 | $28,560,000 | -41.6% | 0.5% |
CROSSCOUNTRY MORTGAGE, LLC | $51,415,000 | $27,640,000 | -46.2% | 0.4% |
HARBORONE MORTGAGE, LLC | $163,405,000 | $26,535,000 | -83.8% | 0.4% |
AMERISAVE MORTGAGE CORPORATION | $96,825,000 | $26,325,000 | -72.8% | 0.4% |
Morgan Stanley Private Bank | $24,345,000 | $26,055,000 | 7.0% | 0.4% |
Mascoma Bank | $1,210,000 | $25,355,000 | 1,995.5% | 0.4% |
Service Federal Credit Union | $15,105,000 | $25,170,000 | 66.6% | 0.4% |
TRUCHOICE | $42,145,000 | $24,250,000 | -42.5% | 0.4% |
CUMBERLAND COUNTY | $45,485,000 | $23,260,000 | -48.9% | 0.4% |
CPORT | $42,410,000 | $23,080,000 | -45.6% | 0.4% |
Citibank | $13,755,000 | $22,645,000 | 64.6% | 0.4% |
NEWREZ LLC | $85,820,000 | $21,580,000 | -74.9% | 0.4% |
Prudential Huntoon Paige Associates, LLC | $21,310,000 | n/a | 0.3% | |
M&T Bank | $3,700,000 | $19,365,000 | 423.4% | 0.3% |
Ion Bank | $18,470,000 | n/a | 0.3% | |
PENNYMAC LOAN SERVICES, LLC | $65,305,000 | $18,100,000 | -72.3% | 0.3% |
Saco Valley Credit Union | $26,950,000 | $18,005,000 | -33.2% | 0.3% |
PNC Bank | $13,260,000 | $16,725,000 | 26.1% | 0.3% |
Rockland Trust Company | $30,610,000 | $16,700,000 | -45.4% | 0.3% |
University Credit Union | $35,645,000 | $16,220,000 | -54.5% | 0.3% |
U.S. Bank | $32,340,000 | $16,210,000 | -49.9% | 0.3% |
DAS Acquisition Company, LLC | $26,785,000 | $16,090,000 | -39.9% | 0.3% |
BROKER SOLUTIONS, INC. | $22,925,000 | $15,510,000 | -32.3% | 0.3% |
First Federal Savings and Loan Association of Bath | $11,585,000 | $14,985,000 | 29.3% | 0.2% |
MEGASTAR FINANCIAL CORP. | $30,960,000 | $14,480,000 | -53.2% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $55,085,000 | $14,390,000 | -73.9% | 0.2% |
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $14,355,000 | n/a | 0.2% | |
Piscataqua Savings Bank | $11,935,000 | $14,345,000 | 20.2% | 0.2% |
ENVOY MORTGAGE, LTD | $33,410,000 | $13,565,000 | -59.4% | 0.2% |
First Republic Bank | $22,520,000 | $13,190,000 | -41.4% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $16,230,000 | $12,955,000 | -20.2% | 0.2% |
Institution for Savings in Newburyport and Its Vicinity | $7,015,000 | $12,730,000 | 81.5% | 0.2% |
Flagstar Bank, FSB | $28,440,000 | $12,235,000 | -57.0% | 0.2% |
FIVE COUNTY | $10,390,000 | $11,655,000 | 12.2% | 0.2% |
LEADERONE FINANCIAL CORPORATION | $36,185,000 | $11,275,000 | -68.8% | 0.2% |
USAA Federal Savings Bank | $11,785,000 | $10,790,000 | -8.4% | 0.2% |
First Seacoast Bank | $14,920,000 | $10,655,000 | -28.6% | 0.2% |
UBS Bank USA | $6,705,000 | $10,500,000 | 56.6% | 0.2% |
EVERETT FINANCIAL, INC. | $4,895,000 | $10,025,000 | 104.8% | 0.2% |
BETTER MORTGAGE CORPORATION | $105,280,000 | $9,890,000 | -90.6% | 0.2% |
Leader Bank | $22,780,000 | $9,490,000 | -58.3% | 0.2% |
Servion, Inc. | $16,720,000 | $9,235,000 | -44.8% | 0.2% |
Eastern Bank | $1,215,000 | $9,120,000 | 650.6% | 0.1% |
First National Bank | $11,670,000 | $9,100,000 | -22.0% | 0.1% |
CUSO MORTGAGE CORPORATION | $57,385,000 | $9,020,000 | -84.3% | 0.1% |
SALEM FIVE MORTGAGE COMPANY, LLC | $16,740,000 | $9,020,000 | -46.1% | 0.1% |
Cambridge Trust Company | $14,885,000 | $8,935,000 | -40.0% | 0.1% |
NORTHEAST HOME LOAN, LLC | $22,595,000 | $8,750,000 | -61.3% | 0.1% |
Charles Schwab Bank, SSB | $6,405,000 | $8,665,000 | 35.3% | 0.1% |
Goldman Sachs Bank USA | $5,070,000 | $8,620,000 | 70.0% | 0.1% |
Carrington Mortgage Services, LLC | $20,290,000 | $8,220,000 | -59.5% | 0.1% |
REVERSE MORTGAGE FUNDING LLC | $4,060,000 | $7,965,000 | 96.2% | 0.1% |
Newburyport Five Cents Savings Bank | $7,940,000 | $7,915,000 | -0.3% | 0.1% |
CASCO | $8,545,000 | $7,520,000 | -12.0% | 0.1% |
GUARANTEED RATE AFFINITY, LLC | $6,030,000 | $7,350,000 | 21.9% | 0.1% |
People's United Bank | $40,975,000 | $7,095,000 | -82.7% | 0.1% |
Maine Savings Federal Credit Union | $6,200,000 | $6,930,000 | 11.8% | 0.1% |
Bank of New Hampshire | $3,595,000 | $6,910,000 | 92.2% | 0.1% |
The Federal Savings Bank | $15,985,000 | $6,620,000 | -58.6% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $10,705,000 | $6,525,000 | -39.0% | 0.1% |
NORTHERN MORTGAGE SERVICES, LLC | $8,385,000 | $6,500,000 | -22.5% | 0.1% |
Ally Bank | $12,890,000 | $6,195,000 | -51.9% | 0.1% |
Coast Line Credit Union | $8,790,000 | $5,980,000 | -32.0% | 0.1% |
Wyndham Capital Mortgage, Inc. | $16,885,000 | $5,975,000 | -64.6% | 0.1% |
American Mortgage & Equity Consultants, Inc. | $5,915,000 | n/a | 0.1% | |
EMM LOANS LLC | $17,680,000 | $5,775,000 | -67.3% | 0.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $12,010,000 | $5,440,000 | -54.7% | 0.1% |
Midcoast Federal Credit Union | $5,420,000 | n/a | 0.1% | |
HOME POINT FINANCIAL CORPORATION | $20,780,000 | $5,390,000 | -74.1% | 0.1% |
PHH Mortgage Corporation | $8,790,000 | $5,365,000 | -39.0% | 0.1% |
Meredith Village Savings Bank | $3,865,000 | $5,290,000 | 36.9% | 0.1% |
NBKC BANK | $5,700,000 | $5,155,000 | -9.6% | 0.1% |
Skowhegan Savings Bank | $6,080,000 | $4,970,000 | -18.3% | 0.1% |
Discover Bank | $3,170,000 | $4,920,000 | 55.2% | 0.1% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $32,270,000 | $4,825,000 | -85.0% | 0.1% |
Webster Bank | $7,375,000 | $4,680,000 | -36.5% | 0.1% |
NEW DAY FINANCIAL, LLC | $14,705,000 | $4,630,000 | -68.5% | 0.1% |
AMERICAN ADVISORS GROUP | $3,075,000 | $4,555,000 | 48.1% | 0.1% |
BAY EQUITY LLC | $1,635,000 | $4,505,000 | 175.5% | 0.1% |
DIGITAL Federal Credit Union | $5,125,000 | $4,485,000 | -12.5% | 0.1% |
RELIANCE FIRST CAPITAL, LLC | $11,015,000 | $4,340,000 | -60.6% | 0.1% |
MICHIGAN MUTUAL, INC. | $7,840,000 | $4,145,000 | -47.1% | 0.1% |
LONGBRIDGE FINANCIAL, LLC | $1,615,000 | $4,045,000 | 150.5% | 0.1% |
VILLAGE CAPITAL MORTGAGE | $6,230,000 | $4,040,000 | -35.2% | 0.1% |
Firstrust Savings Bank | $780,000 | $3,945,000 | 405.8% | 0.1% |
UniBank for Savings | $925,000 | $3,810,000 | 311.9% | 0.1% |
HANSCOM | $3,960,000 | $3,670,000 | -7.3% | 0.1% |
SPRING EQ, LLC | $1,260,000 | $3,600,000 | 185.7% | 0.1% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $19,035,000 | $3,585,000 | -81.2% | 0.1% |
RESIDENTIAL MORTGAGE SERVICES, INC. | $453,900,000 | $3,490,000 | -99.2% | 0.1% |
Cambridge Savings Bank | $3,375,000 | n/a | 0.1% | |
Holy Rosary Regional Credit Union | $1,200,000 | $3,300,000 | 175.0% | 0.1% |
TRADEMARK | $3,665,000 | $3,175,000 | -13.4% | 0.1% |
Nations Lending Corporation | $3,865,000 | $3,125,000 | -19.1% | 0.1% |
DRAPER AND KRAMER MORTGAGE CORP. | $9,205,000 | $3,080,000 | -66.5% | 0.1% |
City National Bank of Florida | $3,005,000 | n/a | 0.0% | |
RADIUS FINANCIAL GROUP INC. | $10,270,000 | $2,985,000 | -70.9% | 0.0% |
Silicon Valley Bank | $2,315,000 | $2,930,000 | 26.6% | 0.0% |
BNC National Bank | $3,230,000 | $2,910,000 | -9.9% | 0.0% |
The Huntington National Bank | $305,000 | $2,855,000 | 836.1% | 0.0% |
Stifel Bank and Trust | $12,670,000 | $2,760,000 | -78.2% | 0.0% |
AMERICAN FINANCING CORPORATION | $7,870,000 | $2,725,000 | -65.4% | 0.0% |
Enterprise Bank and Trust Company | $3,400,000 | $2,555,000 | -24.9% | 0.0% |
Northpointe Bank | $6,780,000 | $2,540,000 | -62.5% | 0.0% |
Avidia Bank | $1,375,000 | $2,500,000 | 81.8% | 0.0% |
ZILLOW HOME LOANS, LLC | $470,000 | $2,445,000 | 420.2% | 0.0% |
Dirigo Federal Credit Union | $3,680,000 | $2,415,000 | -34.4% | 0.0% |
FirstBank | $7,255,000 | $2,415,000 | -66.7% | 0.0% |
Bank of England | $4,750,000 | $2,380,000 | -49.9% | 0.0% |
First Federal Bank | $3,980,000 | $2,265,000 | -43.1% | 0.0% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $830,000 | $2,260,000 | 172.3% | 0.0% |
City National Bank | $8,890,000 | $2,235,000 | -74.9% | 0.0% |
First Guaranty Mortgage Corporation | $9,900,000 | $2,225,000 | -77.5% | 0.0% |
MutualOne Bank | $2,205,000 | n/a | 0.0% | |
Northway Bank | $4,255,000 | $2,195,000 | -48.4% | 0.0% |
NEW FED MORTGAGE, CORP. | $2,950,000 | $2,175,000 | -26.3% | 0.0% |
Chicago Mortgage Solutions LLC | $2,155,000 | n/a | 0.0% | |
Envision Bank | $6,660,000 | $2,055,000 | -69.1% | 0.0% |
SOFI LENDING CORP. | $10,025,000 | $2,055,000 | -79.5% | 0.0% |
FINANCE OF AMERICA REVERSE LLC | $1,650,000 | $2,040,000 | 23.6% | 0.0% |
Firefighters First Federal Credit Union | $950,000 | $2,030,000 | 113.7% | 0.0% |
Berkshire Bank | $465,000 | $1,995,000 | 329.0% | 0.0% |
MEMBERS MORTGAGE COMPANY, INC. | $3,690,000 | $1,970,000 | -46.6% | 0.0% |
Franklin Savings Bank | $1,950,000 | n/a | 0.0% | |
PLAZA HOME MORTGAGE, INC. | $265,000 | $1,950,000 | 635.8% | 0.0% |
Barrington Bank & Trust Company, N.A. | $6,380,000 | $1,940,000 | -69.6% | 0.0% |
AmeriHome Mortgage Company, LLC | $5,775,000 | $1,865,000 | -67.7% | 0.0% |
ST. MARY'S BANK | $1,845,000 | n/a | 0.0% | |
Comerica Bank | $1,825,000 | n/a | 0.0% | |
Rollstone Bank & Trust | $85,000 | $1,820,000 | 2,041.2% | 0.0% |
Washington Savings Bank | $1,805,000 | n/a | 0.0% | |
Merrimack County Savings Bank | $1,250,000 | $1,790,000 | 43.2% | 0.0% |
VELOCITY COMMERCIAL CAPITAL, LLC | $2,220,000 | $1,790,000 | -19.4% | 0.0% |
Figure Lending LLC | $650,000 | $1,760,000 | 170.8% | 0.0% |
Arvest Bank | $4,535,000 | $1,715,000 | -62.2% | 0.0% |
ORIX REAL ESTATE CAPITAL, LLC | $1,685,000 | n/a | 0.0% | |
LOGIX FEDERAL CREDIT UNION | $175,000 | $1,620,000 | 825.7% | 0.0% |
Simmons Bank | $1,610,000 | n/a | 0.0% | |
A&D Mortgage LLC | $1,605,000 | n/a | 0.0% | |
Paramount Residential Mortgage Group, Inc. | $4,145,000 | $1,580,000 | -61.9% | 0.0% |
Cornerstone Bank | $345,000 | $1,575,000 | 356.5% | 0.0% |
Salem Five Cents Savings Bank | $2,265,000 | $1,570,000 | -30.7% | 0.0% |
Truist | $5,410,000 | $1,565,000 | -71.1% | 0.0% |
Waterstone Mortgage Corporation | $4,100,000 | $1,565,000 | -61.8% | 0.0% |
BNY Mellon | $4,210,000 | $1,505,000 | -64.3% | 0.0% |
KEMBA CREDIT UNION, INC. | $1,505,000 | n/a | 0.0% | |
MERRIMACK VALLEY | $475,000 | $1,505,000 | 216.8% | 0.0% |
GFA Federal Credit Union | $1,500,000 | n/a | 0.0% | |
Equity Prime Mortgage LLC | $1,460,000 | n/a | 0.0% | |
WESTERLY COMMUNITY | $1,460,000 | n/a | 0.0% | |
GUARANTY HOME MORTGAGE CORPORATION | $4,940,000 | $1,445,000 | -70.7% | 0.0% |
FINANCE OF AMERICA MORTGAGE LLC | $2,515,000 | $1,420,000 | -43.5% | 0.0% |
RTN FEDERAL CREDIT UNION | $930,000 | $1,415,000 | 52.2% | 0.0% |
North American Savings Bank, F.S.B. | $8,025,000 | $1,410,000 | -82.4% | 0.0% |
OCEAN STATE CREDIT UNION | $2,645,000 | $1,410,000 | -46.7% | 0.0% |
Wakefield Co-operative Bank | $1,410,000 | n/a | 0.0% | |
HOMESTEAD FUNDING CORP. | $3,785,000 | $1,400,000 | -63.0% | 0.0% |
Raymond James Bank | $3,550,000 | $1,400,000 | -60.6% | 0.0% |
MORTGAGE EQUITY PARTNERS LLC | $3,230,000 | $1,395,000 | -56.8% | 0.0% |
Texana Bank | $215,000 | $1,370,000 | 537.2% | 0.0% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $465,000 | $1,310,000 | 181.7% | 0.0% |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,030,000 | $1,295,000 | 25.7% | 0.0% |
CENTRAL ONE FEDERAL CREDIT UNION | $1,665,000 | $1,275,000 | -23.4% | 0.0% |
FIRST CENTENNIAL MORTGAGE CORPORATION | $1,260,000 | n/a | 0.0% | |
Ross Mortgage Company, Inc. | $2,920,000 | $1,255,000 | -57.0% | 0.0% |
The Northern Trust Company | $1,240,000 | n/a | 0.0% | |
First Internet Bank of Indiana | $2,930,000 | $1,230,000 | -58.0% | 0.0% |
QUORUM FEDERAL CREDIT UNION | $870,000 | $1,230,000 | 41.4% | 0.0% |
Magnolia Bank | $975,000 | $1,220,000 | 25.1% | 0.0% |
Luxury Mortgage Corp. | $2,035,000 | $1,200,000 | -41.0% | 0.0% |
The Union Bank Company | $835,000 | $1,170,000 | 40.1% | 0.0% |
North Shore Bank, a Co-operative Bank | $685,000 | $1,160,000 | 69.3% | 0.0% |
Plains Commerce Bank | $255,000 | $1,130,000 | 343.1% | 0.0% |
HOMEXPRESS MORTGAGE CORP. | $1,125,000 | n/a | 0.0% | |
Shamrock Home Loans, Inc. | $8,570,000 | $1,120,000 | -86.9% | 0.0% |
Union Bank | $1,115,000 | n/a | 0.0% | |
Down East Credit Union | $1,435,000 | $1,105,000 | -23.0% | 0.0% |
ALIGN CREDIT UNION | $1,880,000 | $1,035,000 | -44.9% | 0.0% |
First Savings Bank | $3,190,000 | $1,035,000 | -67.6% | 0.0% |
American Airlines Federal Credit Union | $970,000 | $1,025,000 | 5.7% | 0.0% |
RESIDENTIAL BANCORP. | $2,465,000 | $1,025,000 | -58.4% | 0.0% |
UMB Bank | $425,000 | $1,005,000 | 136.5% | 0.0% |
Profile Bank | $1,000,000 | n/a | 0.0% | |
Toyota Financial Savings Bank | $1,150,000 | $995,000 | -13.5% | 0.0% |
Sierra Pacific Mortgage Company, Inc. | $2,865,000 | $975,000 | -66.0% | 0.0% |
Dollar Bank, Federal Savings Bank | $1,310,000 | $965,000 | -26.3% | 0.0% |
LISBON COMMUNITY | $3,330,000 | $965,000 | -71.0% | 0.0% |
Westfield Bank | $355,000 | $940,000 | 164.8% | 0.0% |
Cf Bank | $1,235,000 | $935,000 | -24.3% | 0.0% |
AMERICAN INTERNET MORTGAGE, INC. | $14,480,000 | $930,000 | -93.6% | 0.0% |
Low VA Rates, LLC | $5,025,000 | $930,000 | -81.5% | 0.0% |
AMERICAN FINANCIAL RESOURCES, INC. | $2,525,000 | $905,000 | -64.2% | 0.0% |
SEBASTICOOK VALLEY Federal Credit Union | $1,075,000 | $905,000 | -15.8% | 0.0% |
Hometown Bank | $885,000 | n/a | 0.0% | |
First Home Bank | $5,445,000 | $870,000 | -84.0% | 0.0% |
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $865,000 | n/a | 0.0% | |
DOMINION FINANCIAL SERVICES, LLC | $345,000 | $840,000 | 143.5% | 0.0% |
CONTOUR MORTGAGE CORPORATION | $1,505,000 | $835,000 | -44.5% | 0.0% |
TRIAD FINANCIAL SERVICES, INC. | $705,000 | $825,000 | 17.0% | 0.0% |
Haverhill Bank | $365,000 | $805,000 | 120.5% | 0.0% |
Austin Capital Bank SSB | $105,000 | $795,000 | 657.1% | 0.0% |
Mutual Federal Bank | $790,000 | n/a | 0.0% | |
Jeanne D'Arc Credit Union | $3,825,000 | $775,000 | -79.7% | 0.0% |
PLANET HOME LENDING, LLC | $490,000 | $775,000 | 58.2% | 0.0% |
Mortgage Assurance Inc. | $510,000 | $770,000 | 51.0% | 0.0% |
Farm Credit East, ACA | $2,135,000 | $755,000 | -64.6% | 0.0% |
BankNewport | $750,000 | n/a | 0.0% | |
Pentucket Bank | $1,465,000 | $715,000 | -51.2% | 0.0% |
Quontic Bank | $570,000 | $710,000 | 24.6% | 0.0% |
Bay State Savings Bank | $320,000 | $700,000 | 118.8% | 0.0% |
SUN WEST MORTGAGE COMPANY, INC. | $3,425,000 | $695,000 | -79.7% | 0.0% |
City of Boston Credit Union | $1,775,000 | $690,000 | -61.1% | 0.0% |
Century Mortgage Company DBA Century Lending Company | $915,000 | $670,000 | -26.8% | 0.0% |
NFM, INC. | $390,000 | $670,000 | 71.8% | 0.0% |
PREMIA MORTGAGE, LLC | $1,245,000 | $670,000 | -46.2% | 0.0% |
COMMUNITY CREDIT UNION OF LYNN | $665,000 | n/a | 0.0% | |
Independent Bank | $835,000 | $665,000 | -20.4% | 0.0% |
PeoplesBank | $195,000 | $645,000 | 230.8% | 0.0% |
Bank-Fund Staff Federal Credit Union | $1,105,000 | $635,000 | -42.5% | 0.0% |
USAlliance Federal Credit Union | $515,000 | $625,000 | 21.4% | 0.0% |
NBH Bank | $1,390,000 | $620,000 | -55.4% | 0.0% |
LIBERTY HOME MORTGAGE CORPORATION | $605,000 | n/a | 0.0% | |
MAINE FAMILY | $530,000 | $590,000 | 11.3% | 0.0% |
Enterprise Bank & Trust | $565,000 | n/a | 0.0% | |
First-Citizens Bank & Trust Company | $565,000 | n/a | 0.0% | |
HSBC BANK USA, NATIONAL ASSOCIATION | $565,000 | n/a | 0.0% | |
DEEPHAVEN MORTGAGE LLC | $560,000 | n/a | 0.0% | |
Axos Bank | $3,960,000 | $550,000 | -86.1% | 0.0% |
Colonial Savings, F.A. | $1,365,000 | $550,000 | -59.7% | 0.0% |
The Central Trust Bank | $265,000 | $525,000 | 98.1% | 0.0% |
BELLWETHER COMMUNITY | $520,000 | n/a | 0.0% | |
ALLIED MORTGAGE GROUP, INC. | $515,000 | n/a | 0.0% | |
Northwest Federal Credit Union | $1,575,000 | $515,000 | -67.3% | 0.0% |
ADVANCIAL | $385,000 | $485,000 | 26.0% | 0.0% |
Phoenixville Federal Bank and Trust | $485,000 | n/a | 0.0% | |
CHURCHILL MORTGAGE CORPORATION | $955,000 | $480,000 | -49.7% | 0.0% |
Members Plus Credit Union | $475,000 | n/a | 0.0% | |
United Nations Federal Credit Union | $1,465,000 | $475,000 | -67.6% | 0.0% |
Baxter Credit Union | $3,265,000 | $465,000 | -85.8% | 0.0% |
Meridian Bank Corporation | $295,000 | $465,000 | 57.6% | 0.0% |
Needham Bank | $1,005,000 | $465,000 | -53.7% | 0.0% |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $500,000 | $455,000 | -9.0% | 0.0% |
Adams Community Bank | $445,000 | n/a | 0.0% | |
Ixonia Bank | $29,850,000 | $445,000 | -98.5% | 0.0% |
Bethpage Federal Credit Union | $745,000 | $440,000 | -40.9% | 0.0% |
Paramount Bank | $610,000 | $440,000 | -27.9% | 0.0% |
Capitol Federal Savings Bank | $425,000 | n/a | 0.0% | |
US MORTGAGE CORPORATION | $425,000 | n/a | 0.0% | |
Armed Forces Bank | $415,000 | n/a | 0.0% | |
MORTGAGE ACCESS CORP. | $265,000 | $415,000 | 56.6% | 0.0% |
OCMBC, INC. | $3,380,000 | $415,000 | -87.7% | 0.0% |
NATIONWIDE MORTGAGE BANKERS, INC. | $945,000 | $410,000 | -56.6% | 0.0% |
TOWER | $250,000 | $410,000 | 64.0% | 0.0% |
JET DIRECT FUNDING CORP | $405,000 | n/a | 0.0% | |
LENDSURE MORTGAGE CORP. | $910,000 | $405,000 | -55.5% | 0.0% |
East Cambridge Savings Bank | $395,000 | n/a | 0.0% | |
Prime Choice Funding Inc. | $1,590,000 | $395,000 | -75.2% | 0.0% |
Bank of Whittier | $385,000 | n/a | 0.0% | |
Southwest Airlines Federal Credit Union | $385,000 | n/a | 0.0% | |
Valley National Bank | $385,000 | n/a | 0.0% | |
GREENWOOD | $275,000 | $370,000 | 34.5% | 0.0% |
ARC HOME LLC | $3,965,000 | $365,000 | -90.8% | 0.0% |
LUSO | $245,000 | $365,000 | 49.0% | 0.0% |
Brookline Bank | $580,000 | $355,000 | -38.8% | 0.0% |
FIRST MORTGAGE COMPANY, INC. | $355,000 | n/a | 0.0% | |
HarborOne Bank | $105,000 | $355,000 | 238.1% | 0.0% |
East Coast Capital Corp. | $345,000 | n/a | 0.0% | |
21ST MORTGAGE CORPORATION | $715,000 | $340,000 | -52.4% | 0.0% |
Bank of Colorado | $335,000 | n/a | 0.0% | |
TRUWEST Credit Union | $335,000 | n/a | 0.0% | |
RUOFF MORTGAGE COMPANY, INC. | $1,545,000 | $330,000 | -78.6% | 0.0% |
Mid-Continent Funding, Inc. | $445,000 | $325,000 | -27.0% | 0.0% |
Acadia Federal Credit Union | $570,000 | $315,000 | -44.7% | 0.0% |
Home Loan Investment Bank, F.S.B. | $1,005,000 | $315,000 | -68.7% | 0.0% |
Poli Mortgage Group, Inc. | $2,970,000 | $315,000 | -89.4% | 0.0% |
Presidential Bank, FSB | $185,000 | $315,000 | 70.3% | 0.0% |
LIMA ONE CAPITAL, LLC | $285,000 | $305,000 | 7.0% | 0.0% |
Monson Savings Bank | $305,000 | n/a | 0.0% | |
Peoples Bank | $215,000 | $305,000 | 41.9% | 0.0% |
ALLIANT CREDIT UNION | $295,000 | n/a | 0.0% | |
Northern Bank & Trust Company | $2,135,000 | $290,000 | -86.4% | 0.0% |
Everett Co-operative Bank | $205,000 | $285,000 | 39.0% | 0.0% |
FIRST TECHNOLOGY | $670,000 | $280,000 | -58.2% | 0.0% |
First Horizon Bank | $265,000 | n/a | 0.0% | |
NASA Federal Credit Union | $265,000 | n/a | 0.0% | |
NORTH COUNTRY | $265,000 | n/a | 0.0% | |
Evolve Bank & Trust | $510,000 | $255,000 | -50.0% | 0.0% |
Farmers Bank & Trust | $610,000 | $245,000 | -59.8% | 0.0% |
MID AMERICA MORTGAGE, INC. | $1,565,000 | $245,000 | -84.3% | 0.0% |
NETWORK CAPITAL FUNDING CORPORATION | $245,000 | n/a | 0.0% | |
RF Renovo Management Company, LLC | $245,000 | n/a | 0.0% | |
BOKF | $660,000 | $235,000 | -64.4% | 0.0% |
Stoughton Co-Operative Bank | $235,000 | n/a | 0.0% | |
Fidelity Co-operative Bank | $470,000 | $225,000 | -52.1% | 0.0% |
Hometown Lenders, Inc. | $520,000 | $225,000 | -56.7% | 0.0% |
NexBank | $225,000 | n/a | 0.0% | |
FBC MORTGAGE, LLC | $215,000 | n/a | 0.0% | |
Navigant Credit Union | $745,000 | $210,000 | -71.8% | 0.0% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $205,000 | n/a | 0.0% | |
The Lowell Five Cent Savings Bank | $755,000 | $205,000 | -72.8% | 0.0% |
Fall River Five Cents Savings Bank | $2,190,000 | $195,000 | -91.1% | 0.0% |
Greenbox Loans, Inc. | $195,000 | n/a | 0.0% | |
MountainOne Bank | $195,000 | n/a | 0.0% | |
Bank of Springfield | $185,000 | n/a | 0.0% | |
NP, Inc. | $1,120,000 | $185,000 | -83.5% | 0.0% |
The Freedom Bank of Virginia | $185,000 | n/a | 0.0% | |
CANOPY MORTGAGE, LLC | $175,000 | n/a | 0.0% | |
ROUNDPOINT MORTGAGE SERVICING CORPORATION | $175,000 | n/a | 0.0% | |
Republic State Mortgage Co. | $820,000 | $165,000 | -79.9% | 0.0% |
Commerce Bank | $155,000 | n/a | 0.0% | |
EagleBank | $155,000 | n/a | 0.0% | |
FINEX CREDIT UNION | $155,000 | n/a | 0.0% | |
KINECTA | $155,000 | n/a | 0.0% | |
EASTMAN | $145,000 | n/a | 0.0% | |
TruGrocer Federal Credit Union | $145,000 | n/a | 0.0% | |
CALCON MUTUAL MORTGAGE LLC | $125,000 | n/a | 0.0% | |
Citadel Servicing Corporation | $125,000 | n/a | 0.0% | |
DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION | $125,000 | n/a | 0.0% | |
Telco Community Credit Union | $115,000 | n/a | 0.0% | |
United States Senate Federal Credit Union | $105,000 | n/a | 0.0% | |
Centier Bank | $95,000 | n/a | 0.0% | |
BayCoast Bank | $265,000 | $80,000 | -69.8% | 0.0% |
WINGS FINANCIAL | $55,000 | n/a | 0.0% | |
Northmark Bank | $255,000 | $35,000 | -86.3% | 0.0% |
EVERENCE FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% |
PORTLAND - SOUTH PORTLAND's top lender by overall market share is Bangor Savings Bank, with 7.5% market share. In second place, with 6.1%, is The Camden National Bank, having originated $376,605,000 in loans. In third place, with 5.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $326,630,000 in loans. In fourth place, with 3.7%, is GUILD MORTGAGE COMPANY, having originated $224,780,000 in loans. In fifth place, with 3.0%, is QUICKEN LOANS, LLC, having originated $186,035,000 in loans.
PORTLAND-SOUTH PORTLAND, ME Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 8,116 | $3,447,290,000 | $424,752 |
Cash Out Refi | 3,668 | $1,100,330,000 | $299,981 |
Home Improvement | 2,867 | $401,395,000 | $140,005 |
Refi | 2,464 | $903,000,000 | $366,477 |
Other | 1,653 | $295,955,000 | $179,041 |
Portland - South Portland's most frequently cited loan purpose was Home Purchase, with 8,116 originations. The 2nd most popular reason was Cash Out Refi, with 3,668 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 4,604 | $1,564,240,000 | $339,757 |
4-5% | 4,276 | $1,573,950,000 | $368,089 |
5-6% | 3,933 | $1,245,545,000 | $316,691 |
6-7% | 1,728 | $476,740,000 | $275,891 |
2.5-3% | 1,337 | $428,145,000 | $320,228 |
7-8% | 499 | $112,675,000 | $225,802 |
<2.5% | 480 | $128,280,000 | $267,250 |
Over 8% | 231 | $25,745,000 | $111,450 |
During 2022, Portland - South Portland's most frequently originated rate bucket was 3-4%, with 4,604 originations.
Loan Sizing (PORTLAND-SOUTH PORTLAND, ME MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 7,507 | $2,179,885,000 | $290,380 |
$100k-200k | 3,620 | $526,310,000 | $145,390 |
$100,000 or less | 3,273 | $178,295,000 | $54,474 |
$400k-600k | 2,902 | $1,380,260,000 | $475,624 |
$600k-1000k | 1,075 | $777,525,000 | $723,279 |
$Over $1MM | 391 | $1,105,695,000 | $2,827,864 |
PORTLAND - SOUTH PORTLAND's loan sizing saw the bucket of loans from $200k-400k with 7,507 originations, totaling $2,179,885,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 4,598 | $1,850,160,000 | $402,384 |
60-80% | 4,519 | $2,108,315,000 | $466,545 |
Under 20% | 2,736 | $185,710,000 | $67,876 |
40-60% | 2,556 | $858,500,000 | $335,876 |
20-40% | 2,479 | $464,425,000 | $187,344 |
Over 100% | 124 | $63,490,000 | $512,016 |
PORTLAND - SOUTH PORTLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 4,598 originations, totaling $1,850,160,000 in origination value.