Compare Mortgage Lenders
Select two lenders to compare side by side using 2023 HMDA federal data: approval rates, denial rates, loan sizes, loan types, and geographic reach.
Key Metrics
| Metric | BANGOR SAVINGS BANK | MAINE SAVINGS FEDERAL |
|---|---|---|
| Total Applications | 4,953 ▲ | 860 |
| Loans Originated | 3,426 | 506 |
| Approval Rate (higher is better) | 69.2% ✓ | 58.8% |
| Denial Rate (lower is better) | 18.7% ✓ | 24.3% |
| Avg Loan Amount | $241,564 | $124,709 |
| Avg Interest Rate (lower is better) | 7.202% ✓ | 8.552% |
| Avg Applicant Income | $36,000 | $35,000 |
| Applications Denied | 925 | 209 |
| Applications Withdrawn | 569 | 60 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | BANGOR SAVINGS BANK | MAINE SAVINGS FEDERAL |
|---|---|---|
| Conventional | 4,664 (94.2%) | 860 (100.0%) |
| FHA | 136 (2.7%) | — |
| VA | 49 (1.0%) | — |
| USDA | 104 (2.1%) | — |
Loan Purpose Breakdown
| Purpose | BANGOR SAVINGS BANK | MAINE SAVINGS FEDERAL |
|---|---|---|
| Home Purchase | 2,213 | 232 |
| Home Improvement | 1,191 | 302 |
| Other | 779 | 191 |
| Refinancing | 653 | 8 |
| Cash-out Refinancing | 117 | 127 |
Top States by Loan Volume
Summary
- 4,953 total applications · 3,426 originated
- Approval rate: 69.2%
- Denial rate: 18.7%
- Avg loan: $241,564
- Avg rate: 7.202%
- HQ: BANGOR, ME
- 860 total applications · 506 originated
- Approval rate: 58.8%
- Denial rate: 24.3%
- Avg loan: $124,709
- Avg rate: 8.552%
- HQ: HAMPDEN, ME
Methodology
Comparisons are drawn from the CFPB 2024 HMDA Snapshot National Loan-Level Dataset, published by the Consumer Financial Protection Bureau and distributed via the FFIEC. Every figure on this page comes from lenders' mandatory HMDA filings — not voluntary marketing claims.
Approval (origination) rate = originated ÷ total applications. Denial rate = denied ÷ total applications. Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes. Denial rates reflect a lender's applicant mix as much as its underwriting stance; compare alongside loan-type mix and geography before drawing conclusions.
Side-by-side comparisons are informational only and do not constitute financial, legal, or mortgage advice. Always obtain and compare written Loan Estimates before applying.