American Financing · Maine · 2025

American Financing in Maine: approval rate, denial rate and rates (2025)

American Financing took 129 mortgage applications in Maine in 2025, ranking #79 of 537 lenders active in the state. It originated 20.9% of them and denied 39.5% (57.3% of the applications it decided), against a statewide denial rate of 16.3%.

129Applicationsin ME
57.3%Decision denial ratestate 20.1%
6.13%Median ratestate 6.88%
$225,000Median loanstate $215,000
$6.4MVolume16 counties

American Financing in Maine vs the state

39.5%Denial rate+23.20 pts vs state
57.3%Decision denial rate+37.22 pts vs state
20.9%Origination rate-41.24 pts vs state
6.13%Median rate-0.75 pts vs state
0.03Rate spread (pts)-0.30 pts vs state
$86kMedian applicant income
27Loans originated
51Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023732131.5%6.50%#94
2024851649.4%5.75%#89
20251292739.5%6.13%#79

What American Financing lends in Maine

By loan purpose

Home purchase 3 2% · 0.0% denied
Refinance 23 18% · 60.9% denied
Cash-out refinance 95 74% · 37.9% denied
Other / HELOC 8 6% · 12.5% denied

By loan type

Conventional 49 38% · 26.5% denied
FHA 68 53% · 52.9% denied
VA 12 9% · 16.7% denied

Why it denied Maine applicants

Credit history 22 43%
Other 11 22%
Collateral 7 14%
Debt-to-income ratio 5 10%
Unverifiable information 4 8%
Incomplete application 2 4%

Where in Maine

Counties with the most American Financing applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Penobscot County 26715 57.7%
Cumberland County 1453 21.4%
Oxford County 1314 30.8%
Androscoggin County 1232 16.7%
York County 1223 25.0%
Kennebec County 1024 40.0%
Lincoln County 733 42.9%
Waldo County 622 33.3%
Sagadahoc County 502 40.0%
Somerset County 511 20.0%

Other large lenders in Maine

LenderGradeApplicationsDenial rateMedian rate
Bangor Savings BankB 4,51817.2%7.25%
United Shore Financial ServicesB 2,6759.1%6.50%
Rocket MortgageC 2,62822.9%6.75%
The Camden National BankA 2,55913.2%6.99%
CMG MortgageA 2,2514.2%6.63%
Guild MortgageA 1,8385.3%6.63%
Kennebec Savings BankB 1,4939.6%7.00%
TD BankD 1,24420.2%7.35%
Mortgage Research CenterC 1,10417.6%6.25%
Evergreen Credit UnionD 97630.6%6.50%

Frequently asked questions

Maine: 129 applications in 2025, of which 27 were originated and 51 denied.

39.5% of all applications, or 57.3% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans American Financing originated in Maine in 2025 was 6.13%, against a statewide median of 6.88%.

About this data. Figures are American Financing's own HMDA filing for properties located in Maine, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology