Citizens Bank · Maine · 2025

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

Citizens Bank took 412 mortgage applications in Maine in 2025, ranking #41 of 537 lenders active in the state. It originated 61.9% of them and denied 22.8% (26.0% of the applications it decided), against a statewide denial rate of 16.3%.

412Applicationsin ME
26.0%Decision denial ratestate 20.1%
7.40%Median ratestate 6.88%
$205,000Median loanstate $215,000
$69MVolume15 counties

Citizens Bank in Maine vs the state

22.8%Denial rate+6.49 pts vs state
26.0%Decision denial rate+5.96 pts vs state
61.9%Origination rate-0.28 pts vs state
7.40%Median rate+0.53 pts vs state
0.31Rate spread (pts)-0.02 pts vs state
$124kMedian applicant income
255Loans originated
94Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
202347725535.6%8.50%#28
202444025032.7%8.65%#31
202541225522.8%7.40%#41

What Citizens Bank lends in Maine

By loan purpose

Home purchase 74 18% · 6.8% denied
Refinance 106 26% · 17.0% denied
Cash-out refinance 13 3% · 15.4% denied
Home improvement 114 28% · 29.8% denied
Other / HELOC 105 25% · 33.3% denied

By loan type

Conventional 406 99% · 22.9% denied
FHA 4 1% · 25.0% denied
VA 2 0% · 0.0% denied

Why it denied Maine applicants

Debt-to-income ratio 49 52%
Collateral 26 28%
Credit history 13 14%
Other 5 5%
Unverifiable information 1 1%

Where in Maine

Counties with the most Citizens Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
York County 17511236 20.6%
Cumberland County 885812 13.6%
Oxford County 33237 21.2%
Penobscot County 19107 36.8%
Kennebec County 1777 41.2%
Androscoggin County 1584 26.7%
Knox County 1483 21.4%
Sagadahoc County 1082 20.0%
Lincoln County 954 44.4%
Hancock County 952 22.2%

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: 412 applications in 2025, of which 255 were originated and 94 denied.

22.8% of all applications, or 26.0% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Citizens Bank originated in Maine in 2025 was 7.40%, against a statewide median of 6.88%.

About this data. Figures are Citizens 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