Saco & Biddeford Savings Institution at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
55th8.6% deniedProcesswithdrawn + incomplete share, weight 15%
21st19.6%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 314 | 221 | 11.5% | 13.9% | — | $109M |
| 2024 | 280 | 174 | 14.3% | 18.6% | 7.00% | $88M |
| 2025 | 276 | 198 | 6.9% | 8.6% | — | $97M |
What Saco & Biddeford Savings Institution lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 4 manufactured homes, 39 investment properties.
Who gets approved at Saco & Biddeford Savings Institution
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 51 | 27 | 15.2% |
| $100k – $150k | 57 | 44 | 13.5% |
| $150k – $250k | 69 | 51 | 5.6% |
| Over $250k | 75 | 57 | 3.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 55 | 35 | 7.9% |
| 35–44 | 64 | 44 | 11.8% |
| 45–54 | 48 | 34 | 5.1% |
| 55–64 | 59 | 43 | 14.0% |
| 65–74 | 26 | 22 | 0.0% |
Where Saco & Biddeford Savings Institution lends
1 states and 12 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maine | 276 | 198 | 6.9% | — | #58 |
Frequently asked questions
Saco & Biddeford Savings Institution denied 8.6% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 55th percentile of small mortgage lenders.
In 2025, 79% of its applications were for home purchases, 12% for refinancing (including cash-out), and 9% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.