Salem Five Mortgage Company · Maine · 2025

Salem Five Mortgage Company in Maine: approval rate, denial rate and rates (2025)

Salem Five Mortgage Company took 24 mortgage applications in Maine in 2025, ranking #162 of 537 lenders active in the state. It originated 83.3% of them and denied 8.3% (9.1% of the applications it decided), against a statewide denial rate of 16.3%.

24Applicationsin ME
9.1%Decision denial ratestate 20.1%
6.50%Median ratestate 6.88%
$420,000Median loanstate $215,000
$11MVolume6 counties

Salem Five Mortgage Company in Maine vs the state

8.3%Denial rate-8.00 pts vs state
9.1%Decision denial rate-10.99 pts vs state
83.3%Origination rate+21.16 pts vs state
6.50%Median rate-0.38 pts vs state
0.10Rate spread (pts)-0.23 pts vs state
$204kMedian applicant income
20Loans originated
2Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
202321169.5%6.63%#156
2024211319.1%6.50%#159
202524208.3%6.50%#162

What Salem Five Mortgage Company lends in Maine

By loan purpose

Home purchase 22 92% · 9.1% denied
Refinance 1 4% · 0.0% denied
Cash-out refinance 1 4% · 0.0% denied

By loan type

Conventional 24 100% · 8.3% denied

Why it denied Maine applicants

Collateral 2 100%

Where in Maine

Counties with the most Salem Five Mortgage Company applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
York County 17151 5.9%
Oxford County 220 0.0%
Cumberland County 220 0.0%
Knox County 100 0.0%
Waldo County 110 0.0%
Somerset 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: 24 applications in 2025, of which 20 were originated and 2 denied.

8.3% of all applications, or 9.1% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Salem Five Mortgage Company originated in Maine in 2025 was 6.50%, against a statewide median of 6.88%.

About this data. Figures are Salem Five Mortgage Company'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