KeyBank · Maine · 2025

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

KeyBank took 413 mortgage applications in Maine in 2025, ranking #40 of 537 lenders active in the state. It originated 54.0% of them and denied 27.9% (33.3% of the applications it decided), against a statewide denial rate of 16.3%.

413Applicationsin ME
33.3%Decision denial ratestate 20.1%
7.50%Median ratestate 6.88%
$155,000Median loanstate $215,000
$46MVolume16 counties

KeyBank in Maine vs the state

27.9%Denial rate+11.52 pts vs state
33.3%Decision denial rate+13.25 pts vs state
54.0%Origination rate-8.17 pts vs state
7.50%Median rate+0.63 pts vs state
0.66Rate spread (pts)+0.33 pts vs state
$99kMedian applicant income
223Loans originated
115Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
202369138527.8%7.75%#17
202446824231.8%7.38%#29
202541322327.9%7.50%#40

What KeyBank lends in Maine

By loan purpose

Home purchase 93 23% · 9.7% denied
Refinance 78 19% · 38.5% denied
Cash-out refinance 64 15% · 34.4% denied
Home improvement 109 26% · 33.0% denied
Other / HELOC 69 17% · 26.1% denied

By loan type

Conventional 399 97% · 27.6% denied
FHA 7 2% · 57.1% denied
VA 7 2% · 14.3% denied

Why it denied Maine applicants

Credit history 33 29%
Incomplete application 31 27%
Debt-to-income ratio 25 22%
Collateral 14 12%
Other 10 9%
Unverifiable information 2 2%

Where in Maine

Counties with the most KeyBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cumberland County 1104837 33.6%
Penobscot County 573712 21.1%
Aroostook County 563313 23.2%
York County 35189 25.7%
Androscoggin County 29196 20.7%
Kennebec County 231210 43.5%
Oxford County 20115 25.0%
Waldo County 20125 25.0%
Somerset County 15113 20.0%
Sagadahoc County 14103 21.4%

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: 413 applications in 2025, of which 223 were originated and 115 denied.

27.9% of all applications, or 33.3% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans KeyBank originated in Maine in 2025 was 7.50%, against a statewide median of 6.88%.

About this data. Figures are KeyBank'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