Freedom Mortgage · Maine · 2025

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

Freedom Mortgage took 749 mortgage applications in Maine in 2025, ranking #19 of 537 lenders active in the state. It originated 46.2% of them and denied 7.6% (12.5% of the applications it decided), against a statewide denial rate of 16.3%.

749Applicationsin ME
12.5%Decision denial ratestate 20.1%
6.25%Median ratestate 6.88%
$285,000Median loanstate $215,000
$106MVolume16 counties

Freedom Mortgage in Maine vs the state

7.6%Denial rate-8.72 pts vs state
12.5%Decision denial rate-7.61 pts vs state
46.2%Origination rate-15.98 pts vs state
6.25%Median rate-0.63 pts vs state
0.11Rate spread (pts)-0.22 pts vs state
$92kMedian applicant income
346Loans originated
57Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232028416.8%6.75%#63
202449021310.4%6.38%#26
20257493467.6%6.25%#19

What Freedom Mortgage lends in Maine

By loan purpose

Home purchase 25 3% · 12.0% denied
Refinance 432 58% · 1.4% denied
Cash-out refinance 291 39% · 16.5% denied
Other / HELOC 1 0% · 0.0% denied

By loan type

Conventional 107 14% · 6.5% denied
FHA 335 45% · 10.8% denied
VA 307 41% · 4.6% denied

Why it denied Maine applicants

Collateral 33 58%
Credit history 10 18%
Debt-to-income ratio 5 9%
Other 3 5%
Insufficient cash 2 4%
Incomplete application 2 4%
Unverifiable information 1 2%
Employment history 1 2%

Where in Maine

Counties with the most Freedom Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
York County 1546815 9.7%
Androscoggin County 104549 8.7%
Penobscot County 102506 5.9%
Cumberland County 93355 5.4%
Kennebec County 83404 4.8%
Somerset County 33175 15.2%
Aroostook County 33111 3.0%
Lincoln County 27100 0.0%
Oxford County 24103 12.5%
Waldo County 2394 17.4%

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: 749 applications in 2025, of which 346 were originated and 57 denied.

7.6% of all applications, or 12.5% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Freedom Mortgage originated in Maine in 2025 was 6.25%, against a statewide median of 6.88%.

About this data. Figures are Freedom 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