Cumberland County
Maine · FIPS 23005
According to CFPB HMDA 2024 application volume among U.S. counties, Cumberland County ranks #241 of 3,223, and #1 of 16 in Maine.
Mortgage lending activity in Cumberland County, Maine based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Cumberland County, Maine lenders denied 1,671 of the applications reported here, financing the rest at an average note rate of 7.26%, with applicants self-reporting average annual income of $37K. 264 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 8.8x, meaning typical borrowers took on mortgages of about 8.8 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Cumberland County
In Cumberland County, lead originator Bangor Savings Bank funded only 9.7% of 7,240 originated loans, below the county fleet's lower tercile (~10.9% top-1 share). The top three reporters together hold 22.5% of the book, so shopping across channels still meets many active filers.
Counties With Similar Application Volume
Nationwide counties nearest to Cumberland County's 11,997 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Cumberland County's $326,316 average loan (deduped against volume peers).
Lenders active in Cumberland County
Bangor Savings Bank funded 701 of the 7,240 loans originated in Cumberland County, 9.7% of the county. 264 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Bangor Savings Bank | 701 | 9.7% |
| 2 | United Wholesale Mortgage | 498 | 6.9% |
| 3 | Town and Country Federal Credi | 432 | 6.0% |
| 4 | Guild Mortgage Company | 382 | 5.3% |
| 5 | Cmg Mortgage INC | 291 | 4.0% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Cumberland County, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- county FIPS codes follow U.S. Census Bureau standards. Not financial advice for Cumberland County borrowers. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.