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Hancock County, Maine · 2025

Mortgage lenders in Hancock County, ME: denial rates and top lenders (2025)

184 lenders acted on 2,284 mortgage applications for properties in Hancock County in 2025. 17.8% were denied (Maine: 16.3%). Median rate on closed loans 6.99%; median loan $205,000; median property value $405,000.

2.3kApplications
17.8%Denial ratestate 16.3%
6.99%Median ratestate 6.88%
$205,000Median loan
$405,000Median property value

Largest lenders in Hancock County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 The Camden National Bank A 240165 18.8%6.99%
2 Bangor Savings Bank B 199138 19.1%7.25%
3 Bar Harbor Bank & Trust D 172103 21.5%7.25%
4 Maine Savings Federal Credit Union B 163100 23.3%7.25%
5 First National Bank C 140117 6.4%7.50%
6 Machias Savings Bank D 13787 21.9%7.50%
7 Rocket Mortgage C 10272 22.6%6.88%
8 Seaboard Federal Credit Union C 9776 21.7%7.50%
9 United Shore Financial Services B 6548 10.8%6.58%
10 CMG Mortgage A 4230 4.8%6.63%
11 Mortgage Research Center C 4219 28.6%6.25%
12 Pennymac Loan Services C 4029 2.5%6.50%
13 Cuso Mortgage C 4033 12.5%6.25%
14 TD Bank D 3919 23.1%7.09%
15 AmeriSave Mortgage D 316 64.5%8.06%
16 Newrez D 308 30.0%6.99%
17 Broker Solutions D 269 7.7%6.75%
18 Loandepot.Com D 2616 19.2%6.63%
19 Acadia Federal Credit Union A 2322 4.4%—
20 Bank of America F 2010 30.0%6.00%
21 Guild Mortgage A 2014 0.0%6.63%
22 Figure Lending C 195 47.4%10.65%
23 Mutual of Omaha Mortgage C 167 6.3%6.63%
24 Freedom Mortgage B 169 6.3%6.38%
25 Total Mortgage Services B 1510 0.0%6.75%

Best approval odds in Hancock County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1First National Bank1267.1%
2United Shore Financial Services5612.5%
3The Camden National Bank21321.1%
4Bangor Savings Bank17821.4%
5Seaboard Federal Credit Union9721.7%
6Machias Savings Bank12623.8%
7Rocket Mortgage9624.0%
8Maine Savings Federal Credit Union14925.5%
9Bar Harbor Bank & Trust14026.4%

What Hancock County borrowers applied for

By loan purpose

Home purchase 850 37% · 8.9% denied
Refinance 281 12% · 16.0% denied
Cash-out refinance 462 20% · 21.7% denied
Home improvement 357 16% · 29.1% denied
Other / HELOC 334 15% · 24.6% denied

By loan type

Conventional 1,959 86% · 18.2% denied
FHA 196 9% · 18.9% denied
VA 118 5% · 10.2% denied
USDA / RHS 11 0% · 9.1% denied

Why applications were denied

Debt-to-income ratio 166 41%
Credit history 80 20%
Collateral 78 19%
Incomplete application 36 9%
Other 26 6%
Unverifiable information 9 2%
Employment history 5 1%
Insufficient cash 3 1%

Hancock County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,8561,13618.8%7.50%$165,000
20242,2131,38219.1%7.50%$195,000
20252,2841,43117.8%6.99%$205,000

Frequently asked questions

17.8% of applications in Hancock County were denied in 2025, against 16.3% statewide in Maine.

The Camden National Bank, with 240 applications in 2025 and a denial rate of 18.8%.

The median mortgage application in Hancock County in 2025 was for $205,000; the median property value on originated loans was $405,000.