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We analyzed every closed loan from Bangor Savings Bank — 1.3k loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Exceptional
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
Multi-Region · 6 mkts
Safe Rate Awards💎Conventional Champion💎USDA Champion💎Purchase Champion⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Refinance Superstar
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Safe Rate's Summary
What They Do Well
- Offers rates 9.90 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
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Report Card
Bangor Savings Bank performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Market Leader Rates 9.9 bps below market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Highly Competitive Top 40% of lenders | |
VA | Highly Competitive Top 40% of lenders | |
Jumbo | Highly Competitive Top 40% of lenders | |
USDA | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 20% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders Multi-Regional7 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 1,112 | 83.0% | -0.089%Below | $1,278Fees | ||||
FHA Loans | 89 | 6.6% | +0.000%Above | $1,299Fees | ||||
VA Loans | 25 | 1.9% | -0.557%Below | $1,643Fees | ||||
Jumbo Loans | 44 | 3.3% | +0.297%Above | $542Fees | ||||
USDA Loans | 70 | 5.2% | -0.426%Below | $1,151Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,182 | 88.2% | -0.052%Below | $1,255Fees | ||||
Refinance | 158 | 11.8% | -0.432%Below | $1,352Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,340
Applications
1,802
Volume
$460 million
Pricing & Closing
Avg Rate Spread
-0.099%
vs. market APOR
Avg Net Fees
$1,267
Origination − Credits
Pullthrough Rate
74.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$343,746
Avg Borrower Income
$146,383
Avg Property Value
$465,381
Geographic Coverage
Geographic Performance
Metro Areas
6
States Served
7
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
CTFLMAMENCNHVT
Top Metro Areas by Place Specialization Score
1
Portland, MEMSA
Volume: 462Mix: 34.48%of portfolio
Place
Exceptional2
Bangor, ME, MEMSA
Volume: 224Mix: 16.72%of portfolio
Place
Exceptional3
Lewiston, MEMSA
Volume: 61Mix: 4.55%of portfolio
Place
Exceptional4
Rockingham County, NHMSA
Volume: 41Mix: 3.06%of portfolio
Place
Strong5
Manchester, NHMSA
Volume: 26Mix: 1.94%of portfolio
Place
Sound6
Cambridge, MAMSA
Volume: 24Mix: 1.79%of portfolio
Place
SoundTop States by Place Specialization Score
1
MEState
Volume: 1,178Mix: 87.91%of portfolio
Place
Exceptional2
NHState
Volume: 110Mix: 8.21%of portfolio
Place
Strong3
MAState
Volume: 32Mix: 2.39%of portfolio
Place
Sound4
FLState
Volume: 12Mix: 0.90%of portfolio
Place
AcceptableHow We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.