Lenders › Mortgage Research Center › Maine
Mortgage Research Center 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.
Mortgage Research Center's 2024 HMDA record for Maine covers 920 applications, 449 of them originated, worth $134m.
Its denial rate in the state was 27.4%, above the Maine rate of 20.9% across all lenders and compared with the lender's national rate of 24.0%.
The median rate spread on its Maine originations was -0.1 percentage points (state median 0.4).
Applications in the state were up 35% on 2023.
Compared with the state and the lender's national record
| Measure | In Maine | Maine, all lenders | Mortgage Research Center, all states | United States |
|---|---|---|---|---|
| Denial rate | 27.4% | 20.9% | 24.0% | 24.3% |
| Median rate spread, pp | -0.1 | 0.4 | -0.1 | 0.3 |
| Originations with spread of 1.5 pp or more | 1.3% | 16.1% | 0.8% | 15.6% |
| Average originated loan | $298k | $263k | $315k | $329k |
| Home purchase share | 77.1% | 49.0% | 81.8% | 57.0% |
| FHA-insured share | 4.2% | 8.7% | 2.9% | 13.4% |
| VA-guaranteed share | 87.1% | 6.3% | 92.4% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMaine, all lenders
Loan purpose and loan type in Maine
By purpose
Home purchase 77% (346)Refinancing 17% (77)Cash-out refinancing 6% (26)
By type
Conventional 9% (39)FHA 4% (19)VA 87% (391)
Denial reasons as coded
Share of 171 denials in Maine by first denial reason coded (outlined bar: all lenders in the state).
Counties in Maine
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Penobscot County | 168 | 81 | $22m | 25.2% |
| Kennebec County | 119 | 62 | $19m | 30.4% |
| Aroostook County | 97 | 49 | $10m | 30.0% |
| York County | 98 | 48 | $19m | 25.0% |
| Androscoggin County | 75 | 35 | $9.6m | 31.4% |
| Somerset County | 56 | 28 | $6.8m | 24.3% |
| Oxford County | 51 | 26 | $7.1m | 29.7% |
| Washington County | 41 | 23 | $5.0m | 17.9% |
| Cumberland County | 60 | 21 | $11m | 38.2% |
| Waldo County | 33 | 17 | $6.4m | — |
| Franklin County | 25 | 13 | $3.9m | — |
| Hancock County | 27 | 12 | $3.4m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Mortgage Research Center originate in Maine in 2024?
449 loans totalling $134m, from 920 applications reported for properties in Maine.
What is Mortgage Research Center's denial rate in Maine?
27.4% of decided applications in Maine were denied, against 20.9% for all lenders in the state and 24.0% 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 Mortgage Research Center lend in most?
By originations: Penobscot County (81), Kennebec County (62), Aroostook County (49), York County (48), Androscoggin County (35).
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 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.