Service Federal Credit Union · Maine · 2025

Service Federal Credit Union in Maine: approval rate, denial rate and rates (2025)

Service Federal Credit Union took 203 mortgage applications in Maine in 2025, ranking #70 of 537 lenders active in the state. It originated 62.1% of them and denied 23.2% (26.3% of the applications it decided), against a statewide denial rate of 16.3%.

203Applicationsin ME
26.3%Decision denial ratestate 20.1%
6.49%Median ratestate 6.88%
$125,000Median loanstate $215,000
$26MVolume14 counties

Service Federal Credit Union in Maine vs the state

23.2%Denial rate+6.82 pts vs state
26.3%Decision denial rate+6.18 pts vs state
62.1%Origination rate-0.10 pts vs state
6.49%Median rate-0.38 pts vs state
-0.69Rate spread (pts)-1.01 pts vs state
$124kMedian applicant income
126Loans originated
47Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
202324413031.6%6.00%#54
202424512927.8%6.49%#57
202520312623.2%6.49%#70

What Service Federal Credit Union lends in Maine

By loan purpose

Home purchase 37 18% · 18.9% denied
Refinance 12 6% · 8.3% denied
Cash-out refinance 21 10% · 47.6% denied
Home improvement 85 42% · 12.9% denied
Other / HELOC 48 24% · 37.5% denied

By loan type

Conventional 198 98% · 23.2% denied
VA 5 2% · 20.0% denied

Why it denied Maine applicants

Debt-to-income ratio 24 51%
Credit history 10 21%
Other 6 13%
Collateral 5 11%
Employment history 2 4%

Where in Maine

Counties with the most Service Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
York County 15510134 21.9%
Cumberland County 1182 18.2%
Kennebec County 840 0.0%
Somerset County 440 0.0%
Lincoln County 411 25.0%
Oxford County 431 25.0%
Waldo County 321 33.3%
Aroostook County 302 66.7%
Penobscot County 311 33.3%
Franklin County 312 66.7%

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: 203 applications in 2025, of which 126 were originated and 47 denied.

23.2% of all applications, or 26.3% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Service Federal Credit Union originated in Maine in 2025 was 6.49%, against a statewide median of 6.88%.

About this data. Figures are Service Federal 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