Maine Savings Federal Credit Union · Maine · 2025

Maine Savings Federal Credit Union in Maine: approval rate, denial rate and rates (2025)

Maine Savings Federal Credit Union took 889 mortgage applications in Maine in 2025, ranking #14 of 537 lenders active in the state. It originated 63.1% of them and denied 18.8% (20.2% of the applications it decided), against a statewide denial rate of 16.3%.

889Applicationsin ME
20.2%Decision denial ratestate 20.1%
7.25%Median ratestate 6.88%
$95,000Median loanstate $215,000
$79MVolume16 counties

Maine Savings Federal Credit Union in Maine vs the state

18.8%Denial rate+2.46 pts vs state
20.2%Decision denial rate+0.14 pts vs state
63.1%Origination rate+0.93 pts vs state
7.25%Median rate+0.38 pts vs state
0.46Rate spread (pts)+0.13 pts vs state
$96kMedian applicant income
561Loans originated
167Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
202375050019.2%8.13%#16
202485650524.3%8.25%#14
202588956118.8%7.25%#14

What Maine Savings Federal Credit Union lends in Maine

By loan purpose

Home purchase 227 26% · 20.7% denied
Refinance 23 3% · 8.7% denied
Cash-out refinance 166 19% · 13.3% denied
Home improvement 281 32% · 18.5% denied
Other / HELOC 192 22% · 22.9% denied

By loan type

Conventional 889 100% · 18.8% denied

Why it denied Maine applicants

Debt-to-income ratio 86 51%
Credit history 53 32%
Collateral 17 10%
Other 7 4%
Unverifiable information 2 1%
Employment history 2 1%

Where in Maine

Counties with the most Maine Savings Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Penobscot County 47732171 14.9%
Hancock County 16310038 23.3%
Waldo County 633613 20.6%
Kennebec County 392211 28.2%
Piscataquis County 37256 16.2%
Cumberland County 36199 25.0%
Washington County 23109 39.1%
Somerset County 1363 23.1%
York County 1165 45.5%
Androscoggin County 1051 10.0%

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%
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: 889 applications in 2025, of which 561 were originated and 167 denied.

18.8% of all applications, or 20.2% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Maine Savings Federal Credit Union originated in Maine in 2025 was 7.25%, against a statewide median of 6.88%.

About this data. Figures are Maine Savings Federal Credit Union'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