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Bangor Savings Bank
Bank|Bangor, ME|Multi-Region
Loans Originated
1,340
Applications
1,802
Volume
$460 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Strong
Safe Rate Awards💎Conventional Champion💎USDA Champion💎Purchase Champion⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.099%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,267
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
74.4%
Percentage of applications that result in closed loans
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
Report Card
Bangor Savings Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 7 metro areas · 7 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$343,746
Average Borrower Income
$146,383
Average Property Value
$465,381
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Exceptional | Exceptional | Exceptional | Strong | 1,112 | 83.0% | -0.089% | $1,278 |
FHA Loans | Strong | Strong | Exceptional | Strong | 89 | 6.6% | +0.000% | $1,299 |
VA Loans | Strong | Strong | Strong | Sound | 25 | 1.9% | -0.557% | $1,643 |
Jumbo Loans | Strong | Strong | Sound | Strong | 44 | 3.3% | +0.297% | $542 |
USDA Loans | Exceptional | Exceptional | Exceptional | Strong | 70 | 5.2% | -0.426% | $1,151 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Exceptional | Exceptional | Exceptional | Strong | 1,182 | 88.2% | -0.052% | $1,255 |
Refinance | Strong | Strong | Exceptional | Strong | 158 | 11.8% | -0.432% | $1,352 |
Geographic Coverage
Metro Areas
6
States Served
7
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
CTFLMAMENCNHVT
Top Metro Areas by Place Specialization Score
1
Portland, MEMSA
Volume: 462Mix: 34.48%
Place Specialization
Exceptional
2
Bangor, ME, MEMSA
Volume: 224Mix: 16.72%
Place Specialization
Exceptional
3
Lewiston, MEMSA
Volume: 61Mix: 4.55%
Place Specialization
Exceptional
4
Rockingham County, NHMSA
Volume: 41Mix: 3.06%
Place Specialization
Strong
5
Manchester, NHMSA
Volume: 26Mix: 1.94%
Place Specialization
Sound
6
Cambridge, MAMSA
Volume: 24Mix: 1.79%
Place Specialization
Sound
Top States by Place Specialization Score
1
MEState
Volume: 1,178Mix: 87.91%
Place Specialization
Exceptional
2
NHState
Volume: 110Mix: 8.21%
Place Specialization
Strong
3
MAState
Volume: 32Mix: 2.39%
Place Specialization
Sound
4
FLState
Volume: 12Mix: 0.90%
Place Specialization
Acceptable
How 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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