Cumberland County, ME: mortgage lenders, denial rate and originations, 2024

States › Maine › Cumberland County

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

Lenders reported 11,259 mortgage applications in Cumberland County, Maine, for 2024, and originated 7,241 loans worth $2.4bn.

That is 54.8 originations per 1,000 households, against 53.2 for Maine and 48.0 nationally.

The county's denial rate was 18.2%, below the state rate of 20.9%. The median rate spread on originated loans was 0.3 percentage points and 15.0% of originations were 1.5 points or more above the average prime offer rate.

70 lenders reached 25 applications in the county; the most active by originations were Bangor Savings Bank (701), United Wholesale Mortgage (498) and Town and Country Federal Credi (432).

Originations were up 8% on 2023.

11,259applications, 2024

7,241loans originated$2.4bn

18.2%denial rateME 20.9% · US 24.3%

54.8originations per 1,000 householdsME 53.2 · US 48.0

Most active lenders

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	Bangor Savings Bank	968	701	$210m	18.2%	—
2	United Wholesale Mortgage	565	498	$206m	4.8%	—
3	Town and Country Federal Credi	600	432	$61m	14.4%	—
4	Guild Mortgage Company	531	382	$165m	4.3%	—
5	CMG Mortgage Inc	462	291	$117m	5.5%	—
6	The Camden National Bank	379	269	$110m	6.8%	—
7	TD Bank	410	268	$78m	21.0%	—
8	Norway Savings Bank	401	261	$79m	19.6%	—
9	Rocket Mortgage	327	231	$64m	22.5%	—
10	Gorham Savings Bank	278	200	$57m	14.9%	—
11	Evergreen Credit Union	242	158	$20m	23.4%	—
12	Androscoggin Bank	188	151	$81m	1.9%	—
13	Bank of America NA	289	143	$41m	29.5%	—
14	Cumberland County Federal Credit Union	187	141	$14m	12.3%	—
15	Empeople Credit Union	241	125	$20m	42.0%	—
16	Bath Savings Institution	148	116	$39m	6.5%	—
17	TruChoice Federal Credit Union	156	114	$11m	6.5%	—
18	New American Funding, LLC.	202	113	$45m	5.8%	—
19	Us Bank, N.A.	163	107	$60m	18.7%	—
20	Crosscountry Mortgage, LLC	139	104	$46m	3.7%	—
21	Total Mortgage Services, LLC	128	94	$40m	6.8%	—
22	Atlantic Federal Credit Union	139	89	$8.0m	24.4%	—
23	Northpoint Mortgage, Inc.	92	73	$29m	5.2%	—
24	Harborone Mortgage, LLC	83	68	$29m	5.6%	—
25	Saco & Biddeford Savings Institution	105	66	$44m	14.1%	—
26	Nationstar Mortgage	84	63	$12m	14.7%	—
27	cPort Credit Union	79	61	$9.2m	8.1%	—
28	Guaranteed Rate, Inc.	101	60	$33m	10.3%	—
29	Kennebec Savings Bank	84	60	$18m	7.6%	—
30	Newrez LLC	186	56	$16m	36.7%	—
31	Navy Federal Credit Union	92	53	$13m	24.3%	—
32	Lighthouse Federal Credit Union	91	53	$11m	37.4%	—
33	Keybank National Association	110	51	$16m	40.9%	—
34	University Credit Union	83	51	$9.6m	10.0%	—
35	Paramount Residential Mortgage	71	50	$24m	5.7%	—
36	CBNA Year to Date	90	49	$10m	35.9%	—
37	Maine Community Bank	66	45	$26m	13.5%	—
38	Fairway Independent Mort Corp	52	43	$18m	4.4%	—
39	M&T Bank	68	42	$9.0m	26.7%	—
40	Discover Bank	209	37	$3.4m	70.8%	—

Lenders with at least 25 applications in the county, by originations; up to 40 shown of 70. Denial rate is denials over decided applications in this county.

Compared with Maine and the nation

Measure	This county	Maine	United States
Denial rate	18.2%	20.9%	24.3%
Median rate spread, pp	0.3	0.4	0.3
Originations with spread of 1.5 pp or more	15.0%	16.1%	15.6%
Average originated loan	$338k	$263k	$329k
Originations per 1,000 households	54.8	53.2	48.0
Home purchase share of originations	46.6%	49.0%	57.0%
FHA-insured share	4.7%	8.7%	13.4%
VA-guaranteed share	2.5%	6.3%	7.9%

Rate spread distribution

Below 0 pp31.8%

0 to 0.5 pp27.1%

0.5 to 1 pp16.3%

1 to 1.5 pp9.9%

1.5 to 3 pp10.6%

3 or more pp4.4%

Share of 6,206 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Maine). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.

Loan purpose and loan type

By purpose

Home purchase 47% (3,376)Home improvement 17% (1,232)Refinancing 11% (830)Cash-out refinancing 13% (913)Other purpose 12% (887)

By type

Conventional 93% (6,706)FHA 5% (338)VA 3% (184)USDA 0% (13)

Trend by year

ApplicationsOriginations

Applications and originations in Cumberland County, 2022–2024

This countyMaine

Denial rate by year, state rate dashed

Questions and answers

Which lenders are most active in Cumberland County, ME?

By 2024 originations: Bangor Savings Bank (701), United Wholesale Mortgage (498), Town and Country Federal Credi (432), Guild Mortgage Company (382), CMG Mortgage Inc (291). 70 lenders had at least 25 applications in the county.

What is the mortgage denial rate in Cumberland County?

18.2% of decided applications were denied in 2024, against 20.9% across Maine and 24.3% nationally.

How many mortgages were originated in Cumberland County in 2024?

7,241 loans totalling $2.4bn, from 11,259 applications; 54.8 originations per 1,000 households.

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 23005; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.