Newrez · Maine · 2025

Newrez in Maine: approval rate, denial rate and rates (2025)

Newrez took 857 mortgage applications in Maine in 2025, ranking #16 of 537 lenders active in the state. It originated 31.6% of them and denied 18.7% (36.3% of the applications it decided), against a statewide denial rate of 16.3%.

857Applicationsin ME
36.3%Decision denial ratestate 20.1%
6.63%Median ratestate 6.88%
$245,000Median loanstate $215,000
$71MVolume16 counties

Newrez in Maine vs the state

18.7%Denial rate+2.34 pts vs state
36.3%Decision denial rate+16.20 pts vs state
31.6%Origination rate-30.55 pts vs state
6.63%Median rate-0.25 pts vs state
0.42Rate spread (pts)+0.09 pts vs state
$94kMedian applicant income
271Loans originated
160Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
202349821814.1%6.88%#26
202477729416.7%6.75%#16
202585727118.7%6.63%#16

What Newrez lends in Maine

By loan purpose

Home purchase 134 16% · 14.2% denied
Refinance 250 29% · 11.6% denied
Cash-out refinance 473 55% · 23.7% denied

By loan type

Conventional 524 61% · 17.6% denied
FHA 202 24% · 30.2% denied
VA 122 14% · 4.9% denied
USDA / RHS 9 1% · 11.1% denied

Why it denied Maine applicants

Debt-to-income ratio 101 63%
Credit history 24 15%
Collateral 12 8%
Unverifiable information 9 6%
Other 6 4%
Insufficient cash 6 4%
Employment history 2 1%

Where in Maine

Counties with the most Newrez applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cumberland County 1864139 21.0%
York County 1645031 18.9%
Kennebec County 812412 14.8%
Penobscot County 743113 17.6%
Androscoggin County 681915 22.1%
Aroostook County 613310 16.4%
Oxford County 38128 21.1%
Somerset County 38158 21.1%
Hancock County 3089 30.0%
Sagadahoc County 2893 10.7%

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: 857 applications in 2025, of which 271 were originated and 160 denied.

18.7% of all applications, or 36.3% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Newrez originated in Maine in 2025 was 6.63%, against a statewide median of 6.88%.

About this data. Figures are Newrez'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