Navy Federal Credit Union · Maine · 2025

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

Navy Federal Credit Union took 621 mortgage applications in Maine in 2025, ranking #26 of 537 lenders active in the state. It originated 50.6% of them and denied 17.1% (24.8% of the applications it decided), against a statewide denial rate of 16.3%.

621Applicationsin ME
24.8%Decision denial ratestate 20.1%
7.25%Median ratestate 6.88%
$205,000Median loanstate $215,000
$78MVolume16 counties

Navy Federal Credit Union in Maine vs the state

17.1%Denial rate+0.74 pts vs state
24.8%Decision denial rate+4.74 pts vs state
50.6%Origination rate-11.61 pts vs state
7.25%Median rate+0.38 pts vs state
0.42Rate spread (pts)+0.09 pts vs state
$124kMedian applicant income
314Loans originated
106Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
202350724620.7%7.48%#24
202456530517.4%7.38%#24
202562131417.1%7.25%#26

What Navy Federal Credit Union lends in Maine

By loan purpose

Home purchase 220 35% · 6.8% denied
Refinance 43 7% · 25.6% denied
Cash-out refinance 74 12% · 13.5% denied
Home improvement 153 25% · 20.9% denied
Other / HELOC 131 21% · 29.0% denied

By loan type

Conventional 489 79% · 18.6% denied
VA 132 21% · 11.4% denied

Why it denied Maine applicants

Debt-to-income ratio 34 32%
Other 33 31%
Collateral 14 13%
Credit history 12 11%
Unverifiable information 7 7%
Incomplete application 4 4%
Employment history 2 2%

Where in Maine

Counties with the most Navy Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
York County 1487224 16.2%
Cumberland County 1025118 17.6%
Kennebec County 552613 23.6%
Penobscot County 54338 14.8%
Androscoggin County 38207 18.4%
Aroostook County 31166 19.4%
Waldo County 31173 9.7%
Knox County 2696 23.1%
Oxford County 25134 16.0%
Lincoln County 23161 4.3%

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: 621 applications in 2025, of which 314 were originated and 106 denied.

17.1% of all applications, or 24.8% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

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

About this data. Figures are Navy 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