Berkshire Bank · Maine · 2025

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

Berkshire Bank took 9 mortgage applications in Maine in 2025, ranking #226 of 537 lenders active in the state. It originated 55.6% of them and denied 11.1% (16.7% of the applications it decided), against a statewide denial rate of 16.3%.

9Applicationsin ME
16.7%Decision denial ratestate 20.1%
6.88%Median ratestate 6.88%
$415,000Median loanstate $215,000
$2.3MVolume4 counties

Berkshire Bank in Maine vs the state

11.1%Denial rate-5.22 pts vs state
16.7%Decision denial rate-3.41 pts vs state
55.6%Origination rate-6.61 pts vs state
6.88%Median rate0.00 pts vs state
0.04Rate spread (pts)-0.29 pts vs state
$182kMedian applicant income
5Loans originated
1Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231487.1%6.31%#179
202416140.0%6.38%#180
20259511.1%6.88%#226

What Berkshire Bank lends in Maine

By loan purpose

Home purchase 6 67% · 16.7% denied
Refinance 1 11% · 0.0% denied
Home improvement 1 11% · 0.0% denied
Other / HELOC 1 11% · 0.0% denied

By loan type

Conventional 8 89% · 12.5% denied
VA 1 11% · 0.0% denied

Why it denied Maine applicants

Credit history 1 100%

Where in Maine

Counties with the most Berkshire Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
York County 530 0.0%
Cumberland County 210 0.0%
Knox County 101 100.0%
Oxford County 110 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: 9 applications in 2025, of which 5 were originated and 1 denied.

11.1% of all applications, or 16.7% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

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

About this data. Figures are Berkshire 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