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2024 data HMDA 2024 disclosure official source

Hancock County

2,318 mortgage applications, 18.2% denial rate. Verify FIPS 23009 with U.S. Census Bureau →

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Maine · FIPS 23009

Local mortgage market. Hancock County, Maine saw 2,318 HMDA-reported mortgage applications in 2024. Lenders originated 1,382 of those loans and denied 422, producing a denial rate of 18.2% and an approval (origination) rate of 59.6%. The average loan amount was $263,947 at an average note rate of 7.55%, with applicants self-reporting average annual income of $37K. 122 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.1x, meaning typical borrowers took on mortgages of about 7.1 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 23009 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,318
Applications
1,382
Originated
18.2%
Denial Rate
59.6%
Approval Rate
$263,947
Avg Loan Amount
7.55%
Avg Interest Rate
$37K
Avg Applicant Income
7.1x
Loan-to-Income Ratio

Nearby Lenders in Hancock 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 Camden National Bank 139 10.1%
2 Bangor Savings Bank 136 9.8%
3 Bar Harbor Bank & Trust 134 9.7%
4 First National Bank 131 9.5%
5 Machias Savings Bank 114 8.2%
Compare The Camden National Bank vs Bangor Savings Bank →

Frequently Asked Questions

How many mortgage applications were filed in Hancock County?
In the 2024 HMDA reporting year, 2,318 mortgage applications were filed in Hancock County, Maine. Of these, 1,382 were originated (approved and funded), while 422 were denied, resulting in a denial rate of 18.2%.
What is the mortgage denial rate in Hancock County?
The mortgage denial rate in Hancock County is 18.2%. The approval (origination) rate is 59.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Hancock County?
The average mortgage loan amount in Hancock County is $263,947. The average interest rate is 7.548%. The average applicant income is $37K.
What is the loan-to-income ratio in Hancock County?
The average loan-to-income ratio in Hancock County is 7.1x, meaning borrowers took on loans averaging 7.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Hancock County?
The top mortgage lenders in Hancock County by origination volume are The Camden National Bank, Bangor Savings Bank, Bar Harbor Bank & Trust. In total, 122 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.