Quorum Federal Credit Union · Maine · 2025

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

Quorum Federal Credit Union took 31 mortgage applications in Maine in 2025, ranking #147 of 537 lenders active in the state. It originated 41.9% of them and denied 35.5% (36.7% of the applications it decided), against a statewide denial rate of 16.3%.

31Applicationsin ME
36.7%Decision denial ratestate 20.1%
8.38%Median ratestate 6.88%
$105,000Median loanstate $215,000
$2.3MVolume8 counties

Quorum Federal Credit Union in Maine vs the state

35.5%Denial rate+19.15 pts vs state
36.7%Decision denial rate+16.59 pts vs state
41.9%Origination rate-20.23 pts vs state
8.38%Median rate+1.50 pts vs state
1.37Rate spread (pts)+1.04 pts vs state
$118kMedian applicant income
13Loans originated
11Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236266.7%12.37%#243
2024301430.0%9.25%#141
2025311335.5%8.38%#147

What Quorum Federal Credit Union lends in Maine

By loan purpose

Home purchase 2 6% · 0.0% denied
Refinance 2 6% · 50.0% denied
Cash-out refinance 24 77% · 37.5% denied
Home improvement 3 10% · 33.3% denied

By loan type

Conventional 31 100% · 35.5% denied

Why it denied Maine applicants

Debt-to-income ratio 7 64%
Incomplete application 4 36%

Where in Maine

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

CountyApplicationsOriginatedDeniedDenial rate
Cumberland County 1365 38.5%
Androscoggin County 512 40.0%
York County 412 50.0%
Sagadahoc County 330 0.0%
Kennebec County 200 0.0%
Lincoln County 220 0.0%
Aroostook County 101 100.0%
Franklin County 101 100.0%

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: 31 applications in 2025, of which 13 were originated and 11 denied.

35.5% of all applications, or 36.7% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Quorum Federal Credit Union originated in Maine in 2025 was 8.38%, against a statewide median of 6.88%.

About this data. Figures are Quorum 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