Bank of America in Maine vs the state
30.8%Denial rate+14.43 pts vs state
42.9%Decision denial rate+22.78 pts vs state
39.8%Origination rate-22.42 pts vs state
6.13%Median rate-0.75 pts vs state
0.54Rate spread (pts)+0.21 pts vs state
$137kMedian applicant income
283Loans originated
219Denied
Trend in Maine
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 774 | 300 | 41.9% | 7.25% | #15 |
| 2024 | 769 | 325 | 30.3% | 6.99% | #17 |
| 2025 | 712 | 283 | 30.8% | 6.13% | #20 |
What Bank of America lends in Maine
By loan purpose
By loan type
Why it denied Maine applicants
Where in Maine
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cumberland County | 285 | 110 | 75 | 26.3% |
| York County | 186 | 87 | 52 | 28.0% |
| Penobscot County | 37 | 15 | 14 | 37.8% |
| Androscoggin County | 30 | 8 | 12 | 40.0% |
| Kennebec County | 29 | 8 | 15 | 51.7% |
| Knox County | 21 | 9 | 7 | 33.3% |
| Sagadahoc County | 21 | 7 | 9 | 42.9% |
| Oxford County | 21 | 12 | 2 | 9.5% |
| Hancock County | 20 | 10 | 6 | 30.0% |
| Lincoln County | 16 | 5 | 3 | 18.8% |
Other large lenders in Maine
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Bangor Savings Bank | B | 4,518 | 17.2% | 7.25% |
| United Shore Financial Services | B | 2,675 | 9.1% | 6.50% |
| Rocket Mortgage | C | 2,628 | 22.9% | 6.75% |
| The Camden National Bank | A | 2,559 | 13.2% | 6.99% |
| CMG Mortgage | A | 2,251 | 4.2% | 6.63% |
| Guild Mortgage | A | 1,838 | 5.3% | 6.63% |
| Kennebec Savings Bank | B | 1,493 | 9.6% | 7.00% |
| TD Bank | D | 1,244 | 20.2% | 7.35% |
| Mortgage Research Center | C | 1,104 | 17.6% | 6.25% |
| Evergreen Credit Union | D | 976 | 30.6% | 6.50% |
Frequently asked questions
Maine: 712 applications in 2025, of which 283 were originated and 219 denied.
30.8% of all applications, or 42.9% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.
The median rate on loans Bank of America originated in Maine in 2025 was 6.13%, against a statewide median of 6.88%.
About this data. Figures are Bank of America'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