Commerce Home Mortgage · Maine · 2025

Commerce Home Mortgage in Maine: approval rate, denial rate and rates (2025)

Commerce Home Mortgage took 15 mortgage applications in Maine in 2025, ranking #186 of 537 lenders active in the state. It originated 46.7% of them and denied 20.0% (30.0% of the applications it decided), against a statewide denial rate of 16.3%.

15Applicationsin ME
30.0%Decision denial ratestate 20.1%
6.88%Median ratestate 6.88%
$335,000Median loanstate $215,000
$3.6MVolume7 counties

Commerce Home Mortgage in Maine vs the state

20.0%Denial rate+3.67 pts vs state
30.0%Decision denial rate+9.92 pts vs state
46.7%Origination rate-15.50 pts vs state
6.88%Median rate0.00 pts vs state
1.04Rate spread (pts)+0.71 pts vs state
$202kMedian applicant income
7Loans originated
3Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
20241149.1%8.13%#195
202515720.0%6.88%#186

What Commerce Home Mortgage lends in Maine

By loan purpose

Home purchase 3 20% · 0.0% denied
Cash-out refinance 12 80% · 25.0% denied

By loan type

Conventional 15 100% · 20.0% denied

Why it denied Maine applicants

Unverifiable information 1 33%
Other 1 33%
Collateral 1 33%

Where in Maine

Counties with the most Commerce Home Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cumberland County 422 50.0%
York County 400 0.0%
Oxford County 210 0.0%
Penobscot County 211 50.0%
Somerset County 110 0.0%
Lincoln County 110 0.0%
Knox 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: 15 applications in 2025, of which 7 were originated and 3 denied.

20.0% of all applications, or 30.0% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Commerce Home Mortgage originated in Maine in 2025 was 6.88%, against a statewide median of 6.88%.

About this data. Figures are Commerce Home Mortgage'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