Skowhegan Savings Bank · Maine · 2025

Skowhegan Savings Bank in Maine: approval rate, denial rate and rates (2025)

Skowhegan Savings Bank took 308 mortgage applications in Maine in 2025, ranking #49 of 537 lenders active in the state. It originated 60.4% of them and denied 22.4% (26.0% of the applications it decided), against a statewide denial rate of 16.3%.

308Applicationsin ME
26.0%Decision denial ratestate 20.1%
Median ratestate 6.88%
$205,000Median loanstate $215,000
$51MVolume15 counties

Skowhegan Savings Bank in Maine vs the state

22.4%Denial rate+6.07 pts vs state
26.0%Decision denial rate+5.96 pts vs state
60.4%Origination rate-1.78 pts vs state
Median rate
Rate spread (pts)
$110kMedian applicant income
186Loans originated
69Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
202330618820.9%#40
202421813120.6%#64
202530818622.4%#49

What Skowhegan Savings Bank lends in Maine

By loan purpose

Home purchase 196 64% · 15.8% denied
Refinance 46 15% · 30.4% denied
Home improvement 46 15% · 30.4% denied
Other / HELOC 20 6% · 50.0% denied

By loan type

Conventional 289 94% · 22.8% denied
USDA / RHS 19 6% · 15.8% denied

Where in Maine

Counties with the most Skowhegan Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Somerset County 945721 22.3%
Franklin County 785514 17.9%
Kennebec County 552614 25.5%
Penobscot County 17113 17.6%
Cumberland County 1777 41.2%
York County 1162 18.2%
Piscataquis County 870 0.0%
Oxford County 861 12.5%
Androscoggin County 743 42.9%
Waldo County 632 33.3%

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: 308 applications in 2025, of which 186 were originated and 69 denied.

22.4% of all applications, or 26.0% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Skowhegan 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