Discover Bank · Maine · 2025

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

Discover Bank took 286 mortgage applications in Maine in 2025, ranking #55 of 537 lenders active in the state. It originated 14.0% of them and denied 52.1% (78.8% of the applications it decided), against a statewide denial rate of 16.3%.

286Applicationsin ME
78.8%Decision denial ratestate 20.1%
8.50%Median ratestate 6.88%
$65,000Median loanstate $215,000
$3.6MVolume16 counties

Discover Bank in Maine vs the state

52.1%Denial rate+35.77 pts vs state
78.8%Decision denial rate+58.76 pts vs state
14.0%Origination rate-48.18 pts vs state
8.50%Median rate+1.62 pts vs state
1.86Rate spread (pts)+1.53 pts vs state
$95kMedian applicant income
40Loans originated
149Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,01314342.3%9.24%#10
202492015548.8%8.81%#11
20252864052.1%8.50%#55

What Discover Bank lends in Maine

By loan purpose

Home purchase 18 6% · 50.0% denied
Refinance 51 18% · 52.9% denied
Home improvement 81 28% · 43.2% denied
Other / HELOC 136 48% · 57.4% denied

By loan type

Conventional 286 100% · 52.1% denied

Why it denied Maine applicants

Credit history 72 48%
Incomplete application 23 15%
Collateral 22 15%
Debt-to-income ratio 21 14%
Other 11 7%

Where in Maine

Counties with the most Discover Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cumberland County 63935 55.6%
York County 561419 33.9%
Kennebec County 33518 54.5%
Androscoggin County 30318 60.0%
Oxford County 16110 62.5%
Penobscot County 1529 60.0%
Aroostook County 1016 60.0%
Lincoln County 1014 40.0%
Hancock County 806 75.0%
Knox County 804 50.0%

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: 286 applications in 2025, of which 40 were originated and 149 denied.

52.1% of all applications, or 78.8% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Discover Bank originated in Maine in 2025 was 8.50%, against a statewide median of 6.88%.

About this data. Figures are Discover 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