Bar Harbor Bank & Trust · Maine · 2025

Bar Harbor Bank & Trust in Maine: approval rate, denial rate and rates (2025)

Bar Harbor Bank & Trust took 361 mortgage applications in Maine in 2025, ranking #43 of 537 lenders active in the state. It originated 61.8% of them and denied 19.7% (24.2% of the applications it decided), against a statewide denial rate of 16.3%.

361Applicationsin ME
24.2%Decision denial ratestate 20.1%
7.25%Median ratestate 6.88%
$135,000Median loanstate $215,000
$79MVolume15 counties

Bar Harbor Bank & Trust in Maine vs the state

19.7%Denial rate+3.34 pts vs state
24.2%Decision denial rate+4.07 pts vs state
61.8%Origination rate-0.40 pts vs state
7.25%Median rate+0.38 pts vs state
0.23Rate spread (pts)-0.10 pts vs state
$109kMedian applicant income
223Loans originated
71Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
202339024222.1%7.50%#32
202435323121.0%8.00%#43
202536122319.7%7.25%#43

What Bar Harbor Bank & Trust lends in Maine

By loan purpose

Home purchase 113 31% · 8.9% denied
Refinance 65 18% · 13.9% denied
Cash-out refinance 24 7% · 33.3% denied
Home improvement 86 24% · 32.6% denied
Other / HELOC 73 20% · 21.9% denied

By loan type

Conventional 361 100% · 19.7% denied

Why it denied Maine applicants

Debt-to-income ratio 40 56%
Credit history 16 23%
Collateral 11 15%
Other 2 3%
Unverifiable information 1 1%
Employment history 1 1%

Where in Maine

Counties with the most Bar Harbor Bank & Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hancock County 17210337 21.5%
Penobscot County 59447 11.9%
Washington County 40273 7.5%
Knox County 1595 33.3%
Kennebec County 1464 28.6%
Waldo County 1366 46.2%
Somerset County 1044 40.0%
York County 951 11.1%
Cumberland County 941 11.1%
Sagadahoc County 870 0.0%

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: 361 applications in 2025, of which 223 were originated and 71 denied.

19.7% of all applications, or 24.2% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Bar Harbor Bank & Trust originated in Maine in 2025 was 7.25%, against a statewide median of 6.88%.

About this data. Figures are Bar Harbor Bank & Trust'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