Maine mortgage lenders: applications, originations, denial rate and counties, 2024

States › Maine

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. Record year 2024.

Maine had 51,254 HMDA-reported mortgage applications and 31,776 originations ($8.4bn) in 2024, from 151 lenders with at least 25 applications in the state.

The statewide denial rate was 20.9% (national 24.3%) and the median rate spread 0.4 percentage points (national 0.3). Originations ran at 53.2 per 1,000 households, against 48.0 nationally.

Originations in the state went from 34,299 in 2018 to 31,776 in 2024; the denial rate moved from 22.8% to 20.9%.

The most active lenders by originations were Bangor Savings Bank (3,031), United Wholesale Mortgage (1,690) and The Camden National Bank (1,582).

51,254applications, 2024

31,776loans originated$8.4bn

20.9%denial rateUS 24.3%

53.2originations per 1,000 householdsUS 48.0

Most active lenders in Maine

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	Bangor Savings Bank	4,337	3,031	$680m	20.7%	0.1
2	United Wholesale Mortgage	2,049	1,690	$576m	7.5%	0.4
3	The Camden National Bank	2,225	1,582	$448m	14.0%	-0.1
4	Rocket Mortgage	2,006	1,472	$320m	19.3%	0.6
5	Guild Mortgage Company	1,864	1,343	$449m	4.7%	0.4
6	CMG Mortgage Inc	1,992	1,341	$454m	5.4%	0.4
7	Kennebec Savings Bank	1,399	1,044	$180m	11.4%	0.5
8	TD Bank	1,273	759	$176m	26.5%	0.5
9	Town and Country Federal Credi	1,012	710	$97m	17.1%	0.1
10	First National Bank	861	690	$156m	9.7%	0.4
11	Norway Savings Bank	948	602	$164m	21.6%	-0.4
12	Machias Savings Bank	843	563	$175m	24.0%	0.4
13	Maine Savings Federal Credit Union	856	505	$67m	26.2%	0.9
14	Mortgage Research Center	920	449	$134m	27.4%	-0.1
15	Fairway Independent Mort Corp	592	443	$127m	5.5%	0.4
16	Lighthouse Federal Credit Union	703	387	$63m	35.1%	0.5
17	Atlantic Federal Credit Union	604	357	$34m	28.5%	2.3
18	Bank of America NA	769	325	$86m	40.8%	1.2
19	Maine State Credit Union	453	311	$61m	19.3%	—
20	Navy Federal Credit Union	565	305	$70m	24.1%	0.6
21	Kennebunk Savings Bank	482	303	$87m	27.2%	—
22	Crosscountry Mortgage, LLC	479	300	$114m	4.4%	0.5
23	Total Mortgage Services, LLC	435	299	$98m	7.6%	0.8
24	Newrez LLC	777	294	$72m	30.4%	0.5
25	Northpoint Mortgage, Inc.	377	293	$99m	7.3%	0.4
26	Gorham Savings Bank	422	292	$82m	17.1%	—
27	CUSO Mortgage Corporation	530	289	$77m	30.4%	0.4
28	Androscoggin Bank	359	288	$125m	3.0%	0.1
29	New American Funding, LLC.	634	267	$88m	16.6%	0.5
30	Loandepot.com, LLC	594	266	$61m	40.6%	0.5
31	Nationstar Mortgage	377	256	$48m	16.5%	1.2
32	CBNA Year to Date	440	250	$59m	36.4%	0.7
33	Bath Savings Institution	328	245	$77m	7.2%	-0.1
34	Keybank National Association	468	242	$49m	37.7%	1.1
35	Dirigo Federal Credit Union	378	232	$26m	28.5%	—
36	Bar Harbor Bank & Trust	353	231	$51m	24.1%	0.3
37	TruChoice Federal Credit Union	338	225	$21m	8.8%	1.1
38	Empeople Credit Union	427	219	$34m	41.1%	-0.8
39	Leaderone Financial Corp.	280	216	$59m	8.8%	0.6
40	Freedom Mortgage Corporation	490	213	$62m	17.4%	0.4
41	Partners Bank of New England	272	213	$54m	11.1%	0.4
42	Evergreen Credit Union	377	212	$30m	32.1%	1.2
43	The County Federal CreditUnion	354	212	$22m	29.4%	—
44	Harborone Mortgage, LLC	277	210	$79m	5.8%	0.3
45	Us Bank, N.A.	349	201	$95m	25.4%	0.1
46	University Credit Union	349	197	$32m	16.1%	0.9
47	Maine Community Bank	269	189	$69m	10.6%	—
48	Pennymac Loan Services LLC	401	181	$48m	23.5%	0.2
49	Saco & Biddeford Savings Institution	280	174	$88m	18.6%	0.3
50	Cumberland County Federal Credit Union	232	172	$18m	13.2%	0.9
51	Katahdin Trust Company	228	170	$44m	15.9%	—
52	T2 Financial LLC	208	163	$46m	5.3%	0.8
53	Movement Mortgage, LLC	226	162	$61m	4.3%	0.5
54	Discover Bank	920	155	$14m	74.0%	2.0
55	Seaboard Federal Credit Union	186	152	$15m	18.3%	0.7
56	Sebasticook Valley FCU	154	148	$15m	1.3%	—
57	Guaranteed Rate, Inc.	225	145	$66m	10.9%	0.3
58	M&T Bank	250	143	$33m	32.1%	0.6
59	Paramount Residential Mortgage	184	136	$56m	3.5%	0.7
60	Skowhegan Savings Bank	218	131	$34m	25.3%	—

Top 60 of 151 lenders with at least 25 applications in the state, by originations. 85 lenders have 100 or more applications here and link to a state-specific page.

Compared with the nation

Measure	Maine	United States
Denial rate	20.9%	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	$263k	$329k
Originations per 1,000 households	53.2	48.0
Home purchase share of originations	49.0%	57.0%
FHA-insured share	8.7%	13.4%
VA-guaranteed share	6.3%	7.9%

Trend, 2018–2024

ApplicationsOriginations

Applications and originations in Maine by year

MaineUnited States

Denial rate by year, US dashed

FHA share of originationsVA share

FHA-insured and VA-guaranteed shares of originations in Maine by year

Year	Applications	Originations	Amount	Denial rate	FHA	VA	Refinance share
2018	54,521	34,299	$6.5bn	22.8%	10.0%	6.6%	29.8%
2019	62,092	40,050	$8.4bn	19.0%	10.2%	7.8%	38.4%
2020	93,368	63,177	$15bn	14.5%	7.0%	7.7%	58.4%
2021	95,215	64,509	$16bn	14.6%	7.2%	7.0%	55.9%
2022	62,951	40,618	$11bn	18.4%	7.6%	5.3%	31.6%
2023	46,181	28,644	$7.0bn	21.0%	8.5%	4.9%	20.3%
2024	51,254	31,776	$8.4bn	20.9%	8.7%	6.3%	24.8%

Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).

Loan purpose and loan type, 2024

By purpose

Home purchase 49% (15,586)Home improvement 15% (4,682)Refinancing 11% (3,615)Cash-out refinancing 13% (4,253)Other purpose 11% (3,630)

By type

Conventional 84% (26,677)FHA 9% (2,774)VA 6% (1,988)USDA 1% (337)

Counties

County	Applications	Originations	Per 1,000 households	Denial rate	Median spread	Lenders
Cumberland County	11,259	7,241	54.8	18.2%	0.3	70
York County	10,013	6,147	67.2	21.1%	0.4	66
Penobscot County	5,211	3,313	50.8	20.9%	0.5	46
Kennebec County	4,564	2,950	54.3	18.0%	0.4	36
Androscoggin County	3,921	2,451	52.2	20.0%	0.5	39
Hancock County	2,213	1,382	54.0	22.7%	0.4	19
Oxford County	2,207	1,257	52.1	25.2%	0.4	21
Aroostook County	1,841	1,077	36.0	27.2%	0.4	15
Somerset County	1,649	1,002	43.2	23.2%	0.5	16
Waldo County	1,535	880	50.4	25.1%	0.4	15
Knox County	1,469	879	47.6	22.4%	0.4	11
Lincoln County	1,357	839	50.6	20.2%	0.4	13
Sagadahoc County	1,318	804	48.9	20.7%	0.4	16
Washington County	995	566	39.9	27.4%	0.6	8
Franklin County	916	565	44.6	20.7%	0.6	7
Piscataquis County	697	435	51.9	20.7%	0.7	5

By originations. Lenders: those with at least 25 applications in the county.

VA-guaranteed loans by month

VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Maine originations by year is charted above from HMDA.

Questions and answers

Which mortgage lenders are most active in Maine?

By 2024 originations: Bangor Savings Bank (3,031), United Wholesale Mortgage (1,690), The Camden National Bank (1,582), Rocket Mortgage (1,472), Guild Mortgage Company (1,343). 151 lenders had at least 25 applications in the state.

What is the mortgage denial rate in Maine?

20.9% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

How has mortgage lending in Maine changed since 2018?

Originations went from 34,299 in 2018 to 31,776 in 2024; the denial rate moved from 22.8% to 20.9%.

Where does this data come from?

From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.