Saco & Biddeford Savings Institution · Maine · 2025

Saco & Biddeford Savings Institution in Maine: approval rate, denial rate and rates (2025)

Saco & Biddeford Savings Institution took 276 mortgage applications in Maine in 2025, ranking #58 of 537 lenders active in the state. It originated 71.7% of them and denied 6.9% (8.6% of the applications it decided), against a statewide denial rate of 16.3%.

276Applicationsin ME
8.6%Decision denial ratestate 20.1%
Median ratestate 6.88%
$385,000Median loanstate $215,000
$97MVolume12 counties

Saco & Biddeford Savings Institution in Maine vs the state

6.9%Denial rate-9.45 pts vs state
8.6%Decision denial rate-11.52 pts vs state
71.7%Origination rate+9.57 pts vs state
Median rate
Rate spread (pts)
$168kMedian applicant income
198Loans originated
19Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
202331422111.5%#39
202428017414.3%7.00%#49
20252761986.9%#58

What Saco & Biddeford Savings Institution lends in Maine

By loan purpose

Home purchase 219 79% · 6.4% denied
Refinance 33 12% · 12.1% denied
Home improvement 16 6% · 6.3% denied
Other / HELOC 8 3% · 0.0% denied

By loan type

Conventional 275 100% · 6.9% denied
VA 1 0% · 0.0% denied

Where in Maine

Counties with the most Saco & Biddeford Savings Institution applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
York County 14210211 7.7%
Cumberland County 113798 7.1%
Androscoggin County 430 0.0%
Oxford County 320 0.0%
Sagadahoc County 310 0.0%
Franklin County 220 0.0%
Kennebec County 220 0.0%
Waldo County 220 0.0%
Knox County 220 0.0%
Piscataquis 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: 276 applications in 2025, of which 198 were originated and 19 denied.

6.9% of all applications, or 8.6% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Saco & Biddeford Savings Institution'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