Saco Valley Credit Union · Maine · 2025

Saco Valley Credit Union in Maine: approval rate, denial rate and rates (2025)

Saco Valley Credit Union took 79 mortgage applications in Maine in 2025, ranking #105 of 537 lenders active in the state. It originated 86.1% of them and denied 7.6% (8.1% of the applications it decided), against a statewide denial rate of 16.3%.

79Applicationsin ME
8.1%Decision denial ratestate 20.1%
6.75%Median ratestate 6.88%
$155,000Median loanstate $215,000
$18MVolume7 counties

Saco Valley Credit Union in Maine vs the state

7.6%Denial rate-8.74 pts vs state
8.1%Decision denial rate-11.97 pts vs state
86.1%Origination rate+23.91 pts vs state
6.75%Median rate-0.13 pts vs state
0.68Rate spread (pts)+0.36 pts vs state
$102kMedian applicant income
68Loans originated
6Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023109917.3%6.50%#85
2024108973.7%7.00%#84
202579687.6%6.75%#105

What Saco Valley Credit Union lends in Maine

By loan purpose

Home purchase 11 14% · 0.0% denied
Refinance 25 32% · 12.0% denied
Cash-out refinance 32 41% · 6.3% denied
Home improvement 9 11% · 11.1% denied
Other / HELOC 2 3% · 0.0% denied

By loan type

Conventional 79 100% · 7.6% denied

Why it denied Maine applicants

Debt-to-income ratio 4 67%
Credit history 2 33%

Where in Maine

Counties with the most Saco Valley Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
York County 64555 7.8%
Cumberland County 861 12.5%
Aroostook County 220 0.0%
Oxford County 220 0.0%
Somerset County 110 0.0%
Kennebec County 110 0.0%
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: 79 applications in 2025, of which 68 were originated and 6 denied.

7.6% of all applications, or 8.1% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

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

About this data. Figures are Saco Valley 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