PlainLender
2024 data HMDA 2024 disclosure official source

Aroostook County

1,933 mortgage applications, 21.7% denial rate. Verify FIPS 23003 with U.S. Census Bureau →

PlainLender home → About this data

Maine · FIPS 23003

Local mortgage market. Aroostook County, Maine saw 1,933 HMDA-reported mortgage applications in 2024. Lenders originated 1,077 of those loans and denied 420, producing a denial rate of 21.7% and an approval (origination) rate of 55.7%. The average loan amount was $139,056 at an average note rate of 7.16%, with applicants self-reporting average annual income of $36K. 106 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.9x, meaning typical borrowers took on mortgages of about 3.9 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 23003 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,933
Applications
1,077
Originated
21.7%
Denial Rate
55.7%
Approval Rate
$139,056
Avg Loan Amount
7.16%
Avg Interest Rate
$36K
Avg Applicant Income
3.9x
Loan-to-Income Ratio

Nearby Lenders in Aroostook County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 The County Federal CreditUnion 179 16.6%
2 Machias Savings Bank 154 14.3%
3 Acadia Federal Credit Union 91 8.4%
4 Katahdin Trust Company 76 7.1%
5 Rocket Mortgage 71 6.6%
Compare The County Federal CreditUnion vs Machias Savings Bank →

Frequently Asked Questions

How many mortgage applications were filed in Aroostook County?
In the 2024 HMDA reporting year, 1,933 mortgage applications were filed in Aroostook County, Maine. Of these, 1,077 were originated (approved and funded), while 420 were denied, resulting in a denial rate of 21.7%.
What is the mortgage denial rate in Aroostook County?
The mortgage denial rate in Aroostook County is 21.7%. The approval (origination) rate is 55.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Aroostook County?
The average mortgage loan amount in Aroostook County is $139,056. The average interest rate is 7.156%. The average applicant income is $36K.
What is the loan-to-income ratio in Aroostook County?
The average loan-to-income ratio in Aroostook County is 3.9x, meaning borrowers took on loans averaging 3.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Aroostook County?
The top mortgage lenders in Aroostook County by origination volume are The County Federal CreditUnion, Machias Savings Bank, Acadia Federal Credit Union. In total, 106 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.