Lenders › Skowhegan Savings Bank › Maine
Skowhegan Savings Bank in Maine
HMDA record for properties in Maine, calendar year 2024. National record · Maine overview
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.
In Maine, Skowhegan Savings Bank reported 218 applications and 131 originations for 2024, $34m in all.
Its denial rate in the state was 25.3%, above the Maine rate of 20.9% across all lenders and compared with the lender's national rate of 25.1%.
Applications in the state were down 29% on 2023.
Compared with the state and the lender's national record
| Measure | In Maine | Maine, all lenders | Skowhegan Savings Bank, all states | United States |
|---|---|---|---|---|
| Denial rate | 25.3% | 20.9% | 25.1% | 24.3% |
| Median rate spread, pp | — | 0.4 | — | 0.3 |
| Originations with spread of 1.5 pp or more | — | 16.1% | — | 15.6% |
| Average originated loan | $261k | $263k | $261k | $329k |
| Home purchase share | 68.7% | 49.0% | 68.7% | 57.0% |
| FHA-insured share | 0.0% | 8.7% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 6.3% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMaine, all lenders
Loan purpose and loan type in Maine
By purpose
Home purchase 69% (90)Home improvement 5% (7)Refinancing 19% (25)Other purpose 7% (9)
By type
Conventional 95% (124)USDA 5% (7)
Denial reasons as coded
Share of 45 denials in Maine by first denial reason coded (outlined bar: all lenders in the state).
Counties in Maine
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Somerset County | 68 | 47 | $8.7m | 19.0% |
| Franklin County | 50 | 35 | $11m | 16.3% |
| Kennebec County | 33 | 17 | $3.9m | 34.6% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Skowhegan Savings Bank originate in Maine in 2024?
131 loans totalling $34m, from 218 applications reported for properties in Maine.
What is Skowhegan Savings Bank's denial rate in Maine?
25.3% of decided applications in Maine were denied, against 20.9% for all lenders in the state and 25.1% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Maine counties does Skowhegan Savings Bank lend in most?
By originations: Somerset County (47), Franklin County (35), Kennebec County (17).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Maine. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.