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Hancock County, Maine
Mortgage lending record for properties in the county, calendar year 2024.
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 2,213 mortgage applications in Hancock County, Maine, for 2024, and originated 1,382 loans worth $369m.
That is 54.0 originations per 1,000 households, against 53.2 for Maine and 48.0 nationally.
The county's denial rate was 22.7%, close to the state rate of 20.9%. The median rate spread on originated loans was 0.4 percentage points and 16.3% of originations were 1.5 points or more above the average prime offer rate.
19 lenders reached 25 applications in the county; the most active by originations were The Camden National Bank (139), Bangor Savings Bank (136) and Bar Harbor Bank & Trust (134).
Originations were up 22% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | The Camden National Bank | 186 | 139 | $33m | 14.0% | — |
| 2 | Bangor Savings Bank | 189 | 136 | $29m | 19.0% | — |
| 3 | Bar Harbor Bank & Trust | 191 | 134 | $35m | 21.1% | — |
| 4 | First National Bank | 151 | 131 | $41m | 3.6% | — |
| 5 | Machias Savings Bank | 180 | 114 | $43m | 27.7% | — |
| 6 | Maine Savings Federal Credit Union | 174 | 99 | $16m | 28.4% | — |
| 7 | Seaboard Federal Credit Union | 98 | 80 | $7.0m | 18.4% | — |
| 8 | United Wholesale Mortgage | 62 | 49 | $13m | 9.3% | — |
| 9 | Rocket Mortgage | 75 | 45 | $9.7m | 32.8% | — |
| 10 | CMG Mortgage Inc | 45 | 33 | $9.5m | 0.0% | — |
| 11 | CUSO Mortgage Corporation | 45 | 29 | $7.8m | 21.6% | — |
| 12 | TD Bank | 36 | 23 | $4.7m | 17.9% | — |
| 13 | Pennymac Loan Services LLC | 33 | 23 | $7.1m | 11.5% | — |
| 14 | Mortgage Research Center | 27 | 12 | $3.4m | — | — |
| 15 | Loandepot.com, LLC | 25 | 12 | $2.4m | — | — |
| 16 | Newrez LLC | 25 | 9 | $2.1m | — | — |
| 17 | Bank of America NA | 25 | 9 | $4.2m | — | — |
| 18 | Discover Bank | 37 | 5 | $555k | — | — |
| 19 | Amerisave Mortgage Company | 30 | 5 | $695k | 82.1% | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 19. Denial rate is denials over decided applications in this county.
Compared with Maine and the nation
| Measure | This county | Maine | United States |
|---|---|---|---|
| Denial rate | 22.7% | 20.9% | 24.3% |
| Median rate spread, pp | 0.4 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 16.3% | 16.1% | 15.6% |
| Average originated loan | $267k | $263k | $329k |
| Originations per 1,000 households | 54.0 | 53.2 | 48.0 |
| Home purchase share of originations | 44.4% | 49.0% | 57.0% |
| FHA-insured share | 4.9% | 8.7% | 13.4% |
| VA-guaranteed share | 4.6% | 6.3% | 7.9% |
Rate spread distribution
Share of 1,205 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 44% (613)Home improvement 17% (231)Refinancing 10% (138)Cash-out refinancing 16% (221)Other purpose 13% (179)
By type
Conventional 90% (1,242)FHA 5% (68)VA 5% (63)USDA 1% (9)
Trend by year
ApplicationsOriginations
This countyMaine
Questions and answers
Which lenders are most active in Hancock County, ME?
By 2024 originations: The Camden National Bank (139), Bangor Savings Bank (136), Bar Harbor Bank & Trust (134), First National Bank (131), Machias Savings Bank (114). 19 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Hancock County?
22.7% of decided applications were denied in 2024, against 20.9% across Maine and 24.3% nationally.
How many mortgages were originated in Hancock County in 2024?
1,382 loans totalling $369m, from 2,213 applications; 54.0 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 23009; 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.