Largest lenders in Washington County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Machias Savings Bank | D | 194 | 128 | 26.3% | 7.38% |
| 2 | Rocket Mortgage | C | 94 | 57 | 29.8% | 6.88% |
| 3 | Bangor Savings Bank | B | 88 | 64 | 17.1% | 7.50% |
| 4 | The Camden National Bank | A | 76 | 48 | 19.7% | 6.99% |
| 5 | First National Bank | C | 64 | 45 | 14.1% | 7.25% |
| 6 | Bar Harbor Bank & Trust | D | 40 | 27 | 7.5% | 7.00% |
| 7 | Mortgage Research Center | C | 36 | 20 | 11.1% | 6.38% |
| 8 | United Shore Financial Services | B | 27 | 21 | 11.1% | 6.29% |
| 9 | Maine Savings Federal Credit Union | B | 23 | 10 | 39.1% | 7.13% |
| 10 | CMG Mortgage | A | 22 | 12 | 13.6% | 6.49% |
| 11 | Loandepot.Com | D | 21 | 11 | 33.3% | 6.88% |
| 12 | AmeriSave Mortgage | D | 18 | 3 | 77.8% | 7.00% |
| 13 | Broker Solutions | D | 17 | 4 | 23.5% | 6.62% |
| 14 | Cuso Mortgage | C | 15 | 12 | 20.0% | 7.06% |
| 15 | Navy Federal Credit Union | D | 15 | 7 | 26.7% | 6.88% |
| 16 | Downeast Credit Union | – | 14 | 11 | 21.4% | 7.13% |
| 17 | Mutual of Omaha Mortgage | C | 12 | 7 | 8.3% | 6.38% |
| 18 | Bank of America | F | 11 | 0 | 90.9% | — |
| 19 | Freedom Mortgage | B | 11 | 5 | 18.2% | 6.25% |
| 20 | Coastal Community Bank | C | 11 | 1 | 9.1% | 11.24% |
| 21 | Pennymac Loan Services | C | 10 | 7 | 0.0% | 7.62% |
| 22 | Total Mortgage Services | B | 10 | 3 | 10.0% | 7.50% |
| 23 | New Day Financial | F | 10 | 1 | 10.0% | 6.99% |
| 24 | Newrez | D | 10 | 2 | 10.0% | 7.19% |
| 25 | Discover Bank | F | 7 | 1 | 71.4% | 8.00% |
Best approval odds in Washington County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | First National Bank | 55 | 16.4% |
| 2 | Bangor Savings Bank | 79 | 19.0% |
| 3 | The Camden National Bank | 64 | 23.4% |
| 4 | Machias Savings Bank | 186 | 27.4% |
| 5 | Rocket Mortgage | 87 | 32.2% |
What Washington County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Washington County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 1,065 | 597 | 21.6% | 7.25% | $125,000 |
| 2024 | 995 | 566 | 22.3% | 7.38% | $125,000 |
| 2025 | 1,087 | 632 | 22.6% | 7.00% | $145,000 |
Frequently asked questions
22.6% of applications in Washington County were denied in 2025, against 16.3% statewide in Maine.
Machias Savings Bank, with 194 applications in 2025 and a denial rate of 26.3%.
The median mortgage application in Washington County in 2025 was for $145,000; the median property value on originated loans was $265,000.