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 score and performance metrics.

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 an overall pricing score of 31.7/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is First National Bank?

First National Bank is a Bank headquartered in Damariscotta, ME.

Unclaimed

First National Bank

Bank•Damariscotta, ME•Direct to Consumer

First National Bank Me has 197 closed loans in our dataset — fully analyzed and benchmarked against peers across the 4 Ps of Mortgage Shopping.

Pricing

Acceptable

vs. all lenders

Pull Through

Strong

closing strength

Products

Sound

Conventional · Jumbo

Place

Sound

Single State · 1 mkts

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Safe Rate's Summary

What They Do Well

Strong pull through performance

Things to Think About

Rates typically 61 basis points above market average

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Report Card

First National Bank performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Acceptable	Near industry average +61.3 bps above market avg
Pull Through Closing strength	Strong	Highly Competitive Top 40% of lenders
By Loan Product· Specialization by type
Conventional	Sound	Industry Standard Top 60% of lenders
Jumbo	Sound	Industry Standard Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Sound	Industry Standard Top 60% of lenders
Refinance	Sound	Industry Standard Top 60% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders Single State2 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Sound	Acceptable	Sound	184	93.4%	+0.659%Above	$599Fees
Jumbo Loans	Sound	Sound	—	—	11	5.6%	+0.320%Above	$636Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Acceptable	Sound	171	86.8%	+0.607%Above	$593Fees
Refinance	Acceptable	Sound	Mediocre	Sound	26	13.2%	+0.637%Above	$630Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

197

Applications

251

Volume

$67 million

Pricing & Closing

Avg Rate Spread

+0.613%

vs. market APOR

Avg Net Fees

$601

Origination − Credits

Pullthrough Rate

78.5%

Applications → Closed

Typical Borrower

Avg Loan Amount

$340,381

Avg Borrower Income

$221,198

Avg Property Value

$539,670

Geographic Coverage

Geographic Performance

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Sound

States with Loan Originations

Top Metro Areas by Place Specialization Score

Bangor, ME, MEMSA

Volume: 10Mix: 5.08%of portfolio

Place

Sound

Top States by Place Specialization Score

MEState

Volume: 175Mix: 88.83%of portfolio

Place

Exceptional

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)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

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.