Mortgage Research Center · Maine · 2025

Mortgage Research Center in Maine: approval rate, denial rate and rates (2025)

Mortgage Research Center took 1,104 mortgage applications in Maine in 2025, ranking #9 of 537 lenders active in the state. It originated 45.9% of them and denied 17.6% (27.4% of the applications it decided), against a statewide denial rate of 16.3%.

1.1kApplicationsin ME
27.4%Decision denial ratestate 20.1%
6.25%Median ratestate 6.88%
$285,000Median loanstate $215,000
$156MVolume16 counties

Mortgage Research Center in Maine vs the state

17.6%Denial rate+1.24 pts vs state
27.4%Decision denial rate+7.32 pts vs state
45.9%Origination rate-16.25 pts vs state
6.25%Median rate-0.63 pts vs state
-0.17Rate spread (pts)-0.50 pts vs state
$92kMedian applicant income
507Loans originated
194Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
202368233116.1%6.75%#18
202492044918.6%6.63%#12
20251,10450717.6%6.25%#9

What Mortgage Research Center lends in Maine

By loan purpose

Home purchase 624 57% · 9.5% denied
Refinance 187 17% · 20.3% denied
Cash-out refinance 293 27% · 33.1% denied

By loan type

Conventional 127 12% · 25.2% denied
FHA 58 5% · 25.9% denied
VA 917 83% · 15.9% denied
USDA / RHS 2 0% · 50.0% denied

Why it denied Maine applicants

Credit history 102 53%
Other 37 19%
Incomplete application 24 12%
Collateral 16 8%
Debt-to-income ratio 10 5%
Insufficient cash 3 2%
Employment history 2 1%

Where in Maine

Counties with the most Mortgage Research Center applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Penobscot County 1627739 24.1%
Kennebec County 1526026 17.1%
York County 1225819 15.6%
Cumberland County 943325 26.6%
Aroostook County 824116 19.5%
Somerset County 80378 10.0%
Androscoggin County 71358 11.3%
Oxford County 56287 12.5%
Waldo County 44244 9.1%
Franklin County 43206 14.0%

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%
Evergreen Credit UnionD 97630.6%6.50%
Town & Country Federal Credit UnionC 93517.0%7.24%

Frequently asked questions

Maine: 1,104 applications in 2025, of which 507 were originated and 194 denied.

17.6% of all applications, or 27.4% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Mortgage Research Center originated in Maine in 2025 was 6.25%, against a statewide median of 6.88%.

About this data. Figures are Mortgage Research Center'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