Largest lenders in Somerset County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Bangor Savings Bank | B | 194 | 135 | 19.1% | 7.50% |
| 2 | Rocket Mortgage | C | 124 | 75 | 27.4% | 6.75% |
| 3 | Kennebec Savings Bank | B | 109 | 76 | 14.7% | 7.00% |
| 4 | The Camden National Bank | A | 95 | 65 | 19.0% | 6.99% |
| 5 | Skowhegan Savings Bank | D | 94 | 57 | 22.3% | — |
| 6 | United Shore Financial Services | B | 89 | 59 | 10.1% | 6.62% |
| 7 | Mortgage Research Center | C | 80 | 37 | 10.0% | 6.25% |
| 8 | SEBASTICOOK VALLEY Federal Credit Union | A | 63 | 63 | 0.0% | — |
| 9 | Guild Mortgage | A | 59 | 46 | 8.5% | 6.50% |
| 10 | Maine State Credit Union | D | 41 | 29 | 22.0% | — |
| 11 | Newrez | D | 38 | 15 | 21.1% | 6.75% |
| 12 | Freedom Mortgage | B | 33 | 17 | 15.2% | 5.75% |
| 13 | Broker Solutions | D | 33 | 12 | 9.1% | 7.00% |
| 14 | Loandepot.Com | D | 33 | 14 | 45.5% | 6.63% |
| 15 | TD Bank | D | 31 | 17 | 25.8% | 7.63% |
| 16 | Cuso Mortgage | C | 30 | 21 | 16.7% | 6.25% |
| 17 | CMG Mortgage | A | 29 | 19 | 6.9% | 6.38% |
| 18 | Guaranteed Rate | B | 28 | 17 | 10.7% | 6.60% |
| 19 | AmeriSave Mortgage | D | 27 | 6 | 63.0% | 9.94% |
| 20 | Pennymac Loan Services | C | 24 | 11 | 16.7% | 5.99% |
| 21 | Fairway Independent Mortgage | B | 22 | 14 | 4.6% | 6.10% |
| 22 | Navy Federal Credit Union | D | 21 | 8 | 23.8% | 6.38% |
| 23 | Coastal Community Bank | C | 18 | 3 | 0.0% | 7.49% |
| 24 | Luminate Bank | B | 17 | 13 | 0.0% | 6.75% |
| 25 | New Day Financial | F | 16 | 7 | 31.3% | 6.99% |
Best approval odds in Somerset County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | SEBASTICOOK VALLEY Federal Credit Union | 63 | 0.0% |
| 2 | Guild Mortgage | 51 | 9.8% |
| 3 | United Shore Financial Services | 72 | 12.5% |
| 4 | Kennebec Savings Bank | 106 | 15.1% |
| 5 | The Camden National Bank | 84 | 21.4% |
| 6 | Bangor Savings Bank | 172 | 21.5% |
| 7 | Skowhegan Savings Bank | 81 | 25.9% |
| 8 | Rocket Mortgage | 111 | 30.6% |
What Somerset County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Somerset County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 1,445 | 898 | 17.2% | 7.00% | $135,000 |
| 2024 | 1,649 | 1,002 | 19.1% | 7.12% | $155,000 |
| 2025 | 1,822 | 1,107 | 17.7% | 6.75% | $165,000 |
Frequently asked questions
17.7% of applications in Somerset County were denied in 2025, against 16.3% statewide in Maine.
Bangor Savings Bank, with 194 applications in 2025 and a denial rate of 19.1%.
The median mortgage application in Somerset County in 2025 was for $165,000; the median property value on originated loans was $265,000.