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 | MAINE SAVINGS FEDERAL | BANGOR SAVINGS BANK |
|---|---|---|
| Total Applications | 860 | 4,953 ▲ |
| Loans Originated | 506 | 3,426 |
| Approval Rate (higher is better) | 58.8% | 69.2% ✓ |
| Denial Rate (lower is better) | 24.3% | 18.7% ✓ |
| Avg Loan Amount | $124,709 | $241,564 |
| Avg Interest Rate (lower is better) | 8.552% | 7.202% ✓ |
| Avg Applicant Income | $35,000 | $36,000 |
| Applications Denied | 209 | 925 |
| Applications Withdrawn | 60 | 569 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | MAINE SAVINGS FEDERAL | BANGOR SAVINGS BANK |
|---|---|---|
| Conventional | 860 (100.0%) | 4,664 (94.2%) |
| FHA | — | 136 (2.7%) |
| VA | — | 49 (1.0%) |
| USDA | — | 104 (2.1%) |
Loan Purpose Breakdown
| Purpose | MAINE SAVINGS FEDERAL | BANGOR SAVINGS BANK |
|---|---|---|
| Home Improvement | 302 | 1,191 |
| Home Purchase | 232 | 2,213 |
| Other | 191 | 779 |
| Cash-out Refinancing | 127 | 117 |
| Refinancing | 8 | 653 |
Top States by Loan Volume
Summary
- 860 total applications · 506 originated
- Approval rate: 58.8%
- Denial rate: 24.3%
- Avg loan: $124,709
- Avg rate: 8.552%
- HQ: HAMPDEN, ME
- 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
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.