Katahdin Trust at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
24th17.6% deniedProcesswithdrawn + incomplete share, weight 15%
52nd11.1%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 255 | 190 | 16.5% | 17.8% | — | $55M |
| 2024 | 229 | 171 | 14.4% | 15.8% | — | $45M |
| 2025 | 217 | 154 | 15.7% | 17.6% | — | $47M |
What Katahdin Trust lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 9 manufactured homes, 47 investment properties.
Who gets approved at Katahdin Trust
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 32 | 15 | 46.4% |
| $50k – $100k | 65 | 49 | 15.3% |
| $100k – $150k | 28 | 21 | 16.0% |
| $150k – $250k | 30 | 23 | 14.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 25 | 19 | 17.4% |
| 25–34 | 34 | 24 | 19.4% |
| 35–44 | 31 | 20 | 22.2% |
| 45–54 | 36 | 24 | 27.3% |
| 55–64 | 27 | 20 | 23.1% |
Where Katahdin Trust lends
1 states and 14 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maine | 217 | 154 | 15.7% | — | #66 |
Frequently asked questions
Katahdin Trust denied 17.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 24th percentile of small mortgage lenders.
In 2025, 65% of its applications were for home purchases, 24% for refinancing (including cash-out), and 12% for home improvement or other purposes. By loan type: 98% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.