Bangor Savings Bank · Maine · 2025

Bangor Savings Bank in Maine: approval rate, denial rate and rates (2025)

Bangor Savings Bank took 4,518 mortgage applications in Maine in 2025, ranking #1 of 537 lenders active in the state. It originated 70.8% of them and denied 17.2% (19.4% of the applications it decided), against a statewide denial rate of 16.3%.

4.5kApplicationsin ME
19.4%Decision denial ratestate 20.1%
7.25%Median ratestate 6.88%
$205,000Median loanstate $215,000
$856MVolume16 counties

Bangor Savings Bank in Maine vs the state

17.2%Denial rate+0.85 pts vs state
19.4%Decision denial rate-0.70 pts vs state
70.8%Origination rate+8.64 pts vs state
7.25%Median rate+0.38 pts vs state
0.26Rate spread (pts)-0.07 pts vs state
$115kMedian applicant income
3,199Loans originated
776Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,8022,62319.0%7.25%#1
20244,3373,03118.4%7.50%#1
20254,5183,19917.2%7.25%#1

What Bangor Savings Bank lends in Maine

By loan purpose

Home purchase 2,068 46% · 9.1% denied
Refinance 651 14% · 18.4% denied
Cash-out refinance 123 3% · 8.9% denied
Home improvement 952 21% · 26.1% denied
Other / HELOC 724 16% · 28.9% denied

By loan type

Conventional 4,201 93% · 17.8% denied
FHA 193 4% · 6.2% denied
VA 48 1% · 8.3% denied
USDA / RHS 76 2% · 14.5% denied

Why it denied Maine applicants

Debt-to-income ratio 343 44%
Other 175 23%
Credit history 153 20%
Collateral 79 10%
Incomplete application 16 2%
Employment history 7 1%
Unverifiable information 3 0%

Where in Maine

Counties with the most Bangor Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cumberland County 1,163838182 15.6%
Penobscot County 821613136 16.6%
York County 51335777 15.0%
Kennebec County 28421336 12.7%
Waldo County 24616357 23.2%
Androscoggin County 20914343 20.6%
Hancock County 19913838 19.1%
Somerset County 19413537 19.1%
Knox County 19113338 19.9%
Franklin County 1278421 16.5%

Other large lenders in Maine

LenderGradeApplicationsDenial rateMedian rate
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%
Town & Country Federal Credit UnionC 93517.0%7.24%

Frequently asked questions

Maine: 4,518 applications in 2025, of which 3,199 were originated and 776 denied.

17.2% of all applications, or 19.4% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Bangor Savings Bank originated in Maine in 2025 was 7.25%, against a statewide median of 6.88%.

About this data. Figures are Bangor Savings Bank'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