Waldo County, Maine · 2025

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

162 lenders acted on 1,777 mortgage applications for properties in Waldo County in 2025. 18.5% were denied (Maine: 16.3%). Median rate on closed loans 6.99%; median loan $205,000; median property value $355,000.

1.8kApplications
18.5%Denial ratestate 16.3%
6.99%Median ratestate 6.88%
$205,000Median loan
$355,000Median property value

Largest lenders in Waldo County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Bangor Savings Bank B 246163 23.2%7.50%
2 The Camden National Bank A 193125 14.5%6.99%
3 Rocket Mortgage C 10266 24.5%6.75%
4 United Shore Financial Services B 7752 14.3%6.13%
5 First National Bank C 7765 6.5%7.50%
6 Maine Savings Federal Credit Union B 6336 20.6%7.69%
7 CMG Mortgage A 6249 1.6%6.50%
8 Fairway Independent Mortgage B 4835 0.0%6.25%
9 Mortgage Research Center C 4424 9.1%6.56%
10 Kennebec Savings Bank B 4232 11.9%7.13%
11 Maine State Credit Union D 3621 30.6%
12 Seaboard Federal Credit Union C 3223 28.1%7.50%
13 Navy Federal Credit Union D 3117 9.7%7.25%
14 Cuso Mortgage C 2916 34.5%5.91%
15 Freedom Mortgage B 239 17.4%6.25%
16 Guild Mortgage A 2319 0.0%6.88%
17 Broker Solutions D 229 13.6%6.88%
18 Spring Eq D 216 52.4%8.96%
19 TD Bank D 2112 28.6%7.05%
20 KeyBank C 2012 25.0%6.94%
21 AmeriSave Mortgage D 189 50.0%8.63%
22 Total Mortgage Services B 169 0.0%6.99%
23 Nationstar Mortgage C 1613 6.3%6.63%
24 Newrez D 166 6.3%6.19%
25 Loandepot.Com D 159 26.7%7.25%

Best approval odds in Waldo County

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

What Waldo County borrowers applied for

By loan purpose

Home purchase 649 37% · 11.3% denied
Refinance 270 15% · 17.0% denied
Cash-out refinance 338 19% · 22.8% denied
Home improvement 271 15% · 22.5% denied
Other / HELOC 249 14% · 28.5% denied

By loan type

Conventional 1,393 78% · 19.7% denied
FHA 204 11% · 16.2% denied
VA 162 9% · 11.7% denied
USDA / RHS 18 1% · 11.1% denied

Why applications were denied

Debt-to-income ratio 101 32%
Credit history 69 22%
Collateral 65 21%
Other 32 10%
Incomplete application 26 8%
Unverifiable information 14 4%
Insufficient cash 3 1%
Employment history 2 1%

Waldo County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,29874121.6%7.25%$165,000
20241,53588020.3%7.25%$175,000
20251,7771,08418.5%6.99%$205,000

Frequently asked questions

18.5% of applications in Waldo County were denied in 2025, against 16.3% statewide in Maine.

Bangor Savings Bank, with 246 applications in 2025 and a denial rate of 23.2%.

The median mortgage application in Waldo County in 2025 was for $205,000; the median property value on originated loans was $355,000.