Ocean State Credit Union · Maine · 2025

Ocean State Credit Union in Maine: approval rate, denial rate and rates (2025)

Ocean State Credit Union took 10 mortgage applications in Maine in 2025, ranking #221 of 537 lenders active in the state. It originated 50.0% of them and denied 40.0% (44.4% of the applications it decided), against a statewide denial rate of 16.3%.

10Applicationsin ME
44.4%Decision denial ratestate 20.1%
6.75%Median ratestate 6.88%
$75,000Median loanstate $215,000
$415kVolume3 counties

Ocean State Credit Union in Maine vs the state

40.0%Denial rate+23.67 pts vs state
44.4%Decision denial rate+24.36 pts vs state
50.0%Origination rate-12.17 pts vs state
6.75%Median rate-0.13 pts vs state
1.16Rate spread (pts)+0.83 pts vs state
$64kMedian applicant income
5Loans originated
4Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
202310550.0%6.75%#197
2024241720.8%7.00%#154
202510540.0%6.75%#221

What Ocean State Credit Union lends in Maine

By loan purpose

Home purchase 8 80% · 37.5% denied
Refinance 2 20% · 50.0% denied

By loan type

Conventional 10 100% · 40.0% denied

Why it denied Maine applicants

Debt-to-income ratio 3 75%
Other 1 25%

Where in Maine

Counties with the most Ocean State Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
York County 523 60.0%
Cumberland County 421 25.0%
Androscoggin County 110 0.0%

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: 10 applications in 2025, of which 5 were originated and 4 denied.

40.0% of all applications, or 44.4% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Ocean State Credit Union originated in Maine in 2025 was 6.75%, against a statewide median of 6.88%.

About this data. Figures are Ocean State 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