Skowhegan Savings Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
11th26.0% deniedProcesswithdrawn + incomplete share, weight 15%
39th14.0%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 306 | 188 | 20.9% | 25.2% | — | $38M |
| 2024 | 219 | 131 | 20.6% | 25.1% | — | $34M |
| 2025 | 308 | 186 | 22.4% | 26.0% | — | $51M |
What Skowhegan Savings Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 18 manufactured homes, 46 investment properties.
Who gets approved at Skowhegan Savings Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 27 | 11 | 48.2% |
| $50k – $100k | 90 | 57 | 31.0% |
| $100k – $150k | 59 | 37 | 17.8% |
| $150k – $250k | 56 | 35 | 16.3% |
| Over $250k | 38 | 27 | 10.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 52 | 33 | 20.5% |
| 35–44 | 43 | 29 | 25.6% |
| 45–54 | 57 | 30 | 34.8% |
| 55–64 | 65 | 42 | 20.4% |
| 65–74 | 31 | 21 | 15.4% |
Where Skowhegan Savings Bank lends
1 states and 15 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maine | 308 | 186 | 22.4% | — | #49 |
Frequently asked questions
Skowhegan Savings Bank denied 26.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 11th percentile of small mortgage lenders.
In 2025, 64% of its applications were for home purchases, 15% for refinancing (including cash-out), and 21% for home improvement or other purposes. By loan type: 94% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.