New Day Financial · Maine · 2025

New Day Financial in Maine: approval rate, denial rate and rates (2025)

New Day Financial took 294 mortgage applications in Maine in 2025, ranking #53 of 537 lenders active in the state. It originated 26.2% of them and denied 24.8% (46.5% of the applications it decided), against a statewide denial rate of 16.3%.

294Applicationsin ME
46.5%Decision denial ratestate 20.1%
6.99%Median ratestate 6.88%
$250,000Median loanstate $215,000
$22MVolume16 counties

New Day Financial in Maine vs the state

24.8%Denial rate+8.50 pts vs state
46.5%Decision denial rate+26.42 pts vs state
26.2%Origination rate-35.98 pts vs state
6.99%Median rate+0.12 pts vs state
0.80Rate spread (pts)+0.48 pts vs state
$73kMedian applicant income
77Loans originated
73Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231874124.6%7.50%#64
20242615719.2%7.63%#54
20252947724.8%6.99%#53

What New Day Financial lends in Maine

By loan purpose

Home purchase 6 2% · 0.0% denied
Refinance 36 12% · 8.3% denied
Cash-out refinance 244 83% · 27.5% denied
Other / HELOC 8 3% · 37.5% denied

By loan type

FHA 8 3% · 50.0% denied
VA 286 97% · 24.1% denied

Why it denied Maine applicants

Credit history 32 44%
Debt-to-income ratio 21 29%
Other 12 16%
Collateral 8 11%

Where in Maine

Counties with the most New Day Financial applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Penobscot County 54159 16.7%
Cumberland County 371113 35.1%
Kennebec County 3399 27.3%
Aroostook County 28106 21.4%
York County 2255 22.7%
Androscoggin County 2064 20.0%
Oxford County 1752 11.8%
Somerset County 1675 31.3%
Waldo County 1434 28.6%
Piscataquis County 1115 45.5%

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: 294 applications in 2025, of which 77 were originated and 73 denied.

24.8% of all applications, or 46.5% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans New Day Financial originated in Maine in 2025 was 6.99%, against a statewide median of 6.88%.

About this data. Figures are New Day Financial'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