Salem Five Cents Savings Bank · Maine · 2025

Salem Five Cents Savings Bank in Maine: approval rate, denial rate and rates (2025)

Salem Five Cents Savings Bank took 12 mortgage applications in Maine in 2025, ranking #205 of 537 lenders active in the state. It originated 75.0% of them and denied 8.3% (10.0% of the applications it decided), against a statewide denial rate of 16.3%.

12Applicationsin ME
10.0%Decision denial ratestate 20.1%
5.99%Median ratestate 6.88%
$255,000Median loanstate $215,000
$1.9MVolume4 counties

Salem Five Cents Savings Bank in Maine vs the state

8.3%Denial rate-8.00 pts vs state
10.0%Decision denial rate-10.08 pts vs state
75.0%Origination rate+12.83 pts vs state
5.99%Median rate-0.88 pts vs state
-1.21Rate spread (pts)-1.53 pts vs state
$210kMedian applicant income
9Loans originated
1Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
202316106.3%6.90%#166
2024201020.0%7.24%#163
20251298.3%5.99%#205

What Salem Five Cents Savings Bank lends in Maine

By loan purpose

Refinance 2 17% · 0.0% denied
Home improvement 4 33% · 0.0% denied
Other / HELOC 6 50% · 16.7% denied

By loan type

Conventional 12 100% · 8.3% denied

Why it denied Maine applicants

Debt-to-income ratio 1 100%

Where in Maine

Counties with the most Salem Five Cents Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
York County 871 12.5%
Kennebec County 220 0.0%
Oxford County 100 0.0%
Cumberland County 100 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: 12 applications in 2025, of which 9 were originated and 1 denied.

8.3% of all applications, or 10.0% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Salem Five Cents Savings Bank originated in Maine in 2025 was 5.99%, against a statewide median of 6.88%.

About this data. Figures are Salem Five Cents Savings Bank'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