Wells Fargo Bank · Maine · 2025

Wells Fargo Bank in Maine: approval rate, denial rate and rates (2025)

Wells Fargo Bank took 131 mortgage applications in Maine in 2025, ranking #78 of 537 lenders active in the state. It originated 55.0% of them and denied 13.0% (19.1% of the applications it decided), against a statewide denial rate of 16.3%.

131Applicationsin ME
19.1%Decision denial ratestate 20.1%
6.38%Median ratestate 6.88%
$275,000Median loanstate $215,000
$94MVolume16 counties

Wells Fargo Bank in Maine vs the state

13.0%Denial rate-3.35 pts vs state
19.1%Decision denial rate-0.98 pts vs state
55.0%Origination rate-7.21 pts vs state
6.38%Median rate-0.50 pts vs state
0.13Rate spread (pts)-0.19 pts vs state
$150kMedian applicant income
72Loans originated
17Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231798621.8%6.33%#66
20241295320.9%6.50%#78
20251317213.0%6.38%#78

What Wells Fargo Bank lends in Maine

By loan purpose

Home purchase 80 61% · 15.0% denied
Refinance 5 4% · 0.0% denied
Cash-out refinance 39 30% · 5.1% denied
Home improvement 2 2% · 50.0% denied
Other / HELOC 5 4% · 40.0% denied

By loan type

Conventional 121 92% · 11.6% denied
FHA 8 6% · 25.0% denied
VA 2 2% · 50.0% denied

Why it denied Maine applicants

Debt-to-income ratio 8 47%
Collateral 7 41%
Insufficient cash 1 6%
Credit history 1 6%

Where in Maine

Counties with the most Wells Fargo Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cumberland County 30203 10.0%
York County 1891 5.6%
Penobscot County 1693 18.8%
Kennebec County 1364 30.8%
Hancock County 1241 8.3%
Lincoln County 1044 40.0%
Androscoggin County 630 0.0%
Waldo County 611 16.7%
Oxford County 540 0.0%
Washington County 320 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: 131 applications in 2025, of which 72 were originated and 17 denied.

13.0% of all applications, or 19.1% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans Wells Fargo Bank originated in Maine in 2025 was 6.38%, against a statewide median of 6.88%.

About this data. Figures are Wells Fargo 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