Kennebec Savings Bank · Maine · 2025

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

Kennebec Savings Bank took 1,493 mortgage applications in Maine in 2025, ranking #7 of 537 lenders active in the state. It originated 76.7% of them and denied 9.6% (9.8% of the applications it decided), against a statewide denial rate of 16.3%.

1.5kApplicationsin ME
9.8%Decision denial ratestate 20.1%
7.00%Median ratestate 6.88%
$145,000Median loanstate $215,000
$228MVolume16 counties

Kennebec Savings Bank in Maine vs the state

9.6%Denial rate-6.75 pts vs state
9.8%Decision denial rate-10.29 pts vs state
76.7%Origination rate+14.52 pts vs state
7.00%Median rate+0.13 pts vs state
0.44Rate spread (pts)+0.12 pts vs state
$123kMedian applicant income
1,145Loans originated
143Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,3971,01413.1%7.50%#6
20241,3991,04411.0%7.50%#7
20251,4931,1459.6%7.00%#7

What Kennebec Savings Bank lends in Maine

By loan purpose

Home purchase 622 42% · 4.5% denied
Refinance 365 24% · 12.1% denied
Home improvement 313 21% · 13.1% denied
Other / HELOC 193 13% · 15.5% denied

By loan type

Conventional 1,493 100% · 9.6% denied

Why it denied Maine applicants

Debt-to-income ratio 77 54%
Credit history 49 34%
Employment history 5 3%
Collateral 5 3%
Unverifiable information 4 3%
Other 3 2%

Where in Maine

Counties with the most Kennebec Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kennebec County 99177088 8.9%
Somerset County 1097616 14.7%
Cumberland County 1018210 9.9%
Androscoggin County 49335 10.2%
Lincoln County 43351 2.3%
Sagadahoc County 43307 16.3%
Waldo County 42325 11.9%
Franklin County 35263 8.6%
Penobscot County 24203 12.5%
Knox County 18150 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%
TD BankD 1,24420.2%7.35%
Mortgage Research CenterC 1,10417.6%6.25%
Evergreen Credit UnionD 97630.6%6.50%
Town & Country Federal Credit UnionC 93517.0%7.24%

Frequently asked questions

Maine: 1,493 applications in 2025, of which 1,145 were originated and 143 denied.

9.6% of all applications, or 9.8% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Kennebec Savings Bank originated in Maine in 2025 was 7.00%, against a statewide median of 6.88%.

About this data. Figures are Kennebec Savings 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