The County Federal Creditunion Mortgage Lending & HMDA Data, 2022
In 2022, The County Federal Creditunion of Caribou, ME reported 450 mortgage applications totaling $46.7 million. The average application was for $103,800, and applicants reported an average income of $81,537. 66% of its applications resulted in an originated loan and 14% were denied. Its largest market was Bangor, ME (66).
| Mortgage Company & Address | The County Federal Creditunion 82 Bennett Dr Caribou, ME 04736 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 |
| Total Number of Mortgage Applications | 450 |
| Total Mortgage Loan Application Amount | $46,710,000 |
| Average Mortgage Loan Application Amount | $103,800 |
| Highest Mortgage Loan Application Amount | $1,515,000 |
| Average Applicant Income | $81,537 |
| Highest Applicant Income | $707,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The County Federal Creditunion filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Aroostook, Maine | 376 | $ 39,900,000 | $ 106,117 | $ 82,000 |
| Penobscot, Maine | 66 | $ 5,680,000 | $ 86,060 | $ 74,000 |
| Washington, Maine | 3 | $ 215,000 | $ 71,666 | $ 83,000 |
| Piscataquis, Maine | 2 | $ 150,000 | $ 75,000 | $ 52,000 |
| Oxford, Maine | 1 | $ 295,000 | $ 295,000 | $ 113,000 |
| Somerset, Maine | 1 | $ 335,000 | $ 335,000 | $ 175,000 |
| Waldo, Maine | 1 | $ 135,000 | $ 135,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for The County Federal Creditunion in 2022
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 213 | $17,355,000 | $81,000 | $295,000 | $83,000 | $707,000 |
| Home Purchase | 150 | $19,180,000 | $127,000 | $495,000 | $77,000 | $348,000 |
| Refinancing | 56 | $6,630,000 | $118,000 | $1,515,000 | $81,000 | $205,000 |
| Home Improvement | 28 | $3,450,000 | $123,000 | $335,000 | $95,000 | $346,000 |
| Other Purpose | 3 | $95,000 | $31,000 | $35,000 | $89,000 | $94,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 375 | $36,905,000 | $98,000 | $1,515,000 | $78,000 | $707,000 |
| Not Provided | 65 | $8,935,000 | $137,000 | $495,000 | $99,000 | $467,000 |
| American Indian or Alaskan Native | 4 | $360,000 | $90,000 | $255,000 | $69,000 | $104,000 |
| Hispanic | 4 | $430,000 | $107,000 | $255,000 | $80,000 | $100,000 |
| Asian | 1 | $45,000 | $45,000 | $45,000 | $41,000 | $41,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 425 | $43,975,000 | $103,000 | $1,515,000 | $83,000 | $707,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 25 | $2,735,000 | $109,000 | $185,000 | $53,000 | $85,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 295 | $31,385,000 | $106,000 | $1,515,000 | $91,000 | $707,000 |
| Application Denied By Financial Institution | 62 | $4,810,000 | $77,000 | $325,000 | $57,000 | $204,000 |
| Preapproval Denied by Financial Institution | 35 | $3,335,000 | $95,000 | $235,000 | $54,000 | $130,000 |
| Application Withdrawn By Applicant | 23 | $2,805,000 | $121,000 | $255,000 | $74,000 | $146,000 |
| Preapproval Approved but not Accepted | 20 | $3,180,000 | $159,000 | $485,000 | $93,000 | $348,000 |
| Application Approved But Not Accepted | 15 | $1,195,000 | $79,000 | $155,000 | $57,000 | $103,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 450 | $46,710,000 | $103,000 | $1,515,000 | $81,000 | $707,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The County Federal Creditunion's 2022 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess The County Federal Creditunion's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Maine, download the full spreadsheet
with aggregated HMDA statistics today.
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