Machias Savings Bank · Maine · 2025

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

Machias Savings Bank took 837 mortgage applications in Maine in 2025, ranking #17 of 537 lenders active in the state. It originated 65.8% of them and denied 21.9% (23.8% of the applications it decided), against a statewide denial rate of 16.3%.

837Applicationsin ME
23.8%Decision denial ratestate 20.1%
7.50%Median ratestate 6.88%
$155,000Median loanstate $215,000
$129MVolume15 counties

Machias Savings Bank in Maine vs the state

21.9%Denial rate+5.53 pts vs state
23.8%Decision denial rate+3.69 pts vs state
65.8%Origination rate+3.66 pts vs state
7.50%Median rate+0.63 pts vs state
0.64Rate spread (pts)+0.31 pts vs state
$96kMedian applicant income
551Loans originated
183Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,04971417.7%7.63%#9
202484356322.4%7.88%#15
202583755121.9%7.50%#17

What Machias Savings Bank lends in Maine

By loan purpose

Home purchase 399 48% · 14.8% denied
Refinance 121 14% · 16.5% denied
Cash-out refinance 37 4% · 27.0% denied
Home improvement 175 21% · 33.1% denied
Other / HELOC 105 13% · 34.3% denied

By loan type

Conventional 784 94% · 21.9% denied
USDA / RHS 53 6% · 20.8% denied

Why it denied Maine applicants

Debt-to-income ratio 113 62%
Credit history 35 19%
Collateral 22 12%
Other 6 3%
Unverifiable information 3 2%
Employment history 3 2%
Insufficient cash 1 1%

Where in Maine

Counties with the most Machias Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Aroostook County 26216660 22.9%
Washington County 19412851 26.3%
Hancock County 1378730 21.9%
Penobscot County 13110320 15.3%
Cumberland County 26146 23.1%
Knox County 19112 10.5%
Waldo County 1491 7.1%
Somerset County 1274 33.3%
York County 1071 10.0%
Kennebec County 943 33.3%

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: 837 applications in 2025, of which 551 were originated and 183 denied.

21.9% of all applications, or 23.8% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

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

About this data. Figures are Machias 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