# First National Bank

> **Canonical URL:** https://saferate.com/lenders/first-national-bank-me


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


First National Bank is a bank, headquartered in Damariscotta, ME, with 197 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 68% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 34% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493002J7RM1JLAXN553
- **Headquarters:** Damariscotta, ME
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** ME
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 32/100
- Rating: ●●○○○ (2/5)

### Pull Through: Strong 😀
- Score: 66/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.613%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $601
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 197
- **Dollar Volume:** $67 million
- **Applications Received:** 251
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $340,381
- **Average Borrower Income:** $221,198
- **Average Property Value:** $539,670

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 47/100 | 184 | +0.659% | $599 | Sound ☺️ |
| Jumbo | 41/100 | 11 | +0.320% | $636 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 159 loans, Score: 50/100 (Sound)
- Refinance: 25 loans, Score: 42/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 50/100 | 171 | $60M | +0.607% | Sound ☺️ |
| Refinance | 41/100 | 26 | $7M | +0.637% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| ME | 175 | 1.14% | 80/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 177 | 68/100 |
| Bangor, ME | ME | 10 | 45/100 |

## Where This Lender Ranks

First National Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#7** in Bangor, ME for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/bangor-me/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#16** in Maine Banks
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/banks)
- 🏆 **#17** in Maine for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#20** in Maine for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does First National Bank offer?

First National Bank offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First National Bank offer mortgages?

First National Bank offers mortgages in 1 states: ME.

### How competitive are First National Bank's mortgage rates?

First National Bank has a pricing score of 32/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.613% above market average.

### What type of lender is First National Bank?

First National Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Damariscotta, ME.

### What is First National Bank's loan approval success rate?

First National Bank has a pull-through score of 66/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/first-national-bank-me

### How to Cite

> "First National Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-national-bank-me

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