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2024 data HMDA 2024 disclosure official source

Kennebec County

4,866 mortgage applications, 14.2% denial rate. Verify FIPS 23011 with U.S. Census Bureau →

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Maine · FIPS 23011

Local mortgage market. Kennebec County, Maine saw 4,866 HMDA-reported mortgage applications in 2024. Lenders originated 2,950 of those loans and denied 691, producing a denial rate of 14.2% and an approval (origination) rate of 60.6%. The average loan amount was $209,367 at an average note rate of 7.27%, with applicants self-reporting average annual income of $37K. 167 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.7x, meaning typical borrowers took on mortgages of about 5.7 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 23011 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

4,866
Applications
2,950
Originated
14.2%
Denial Rate
60.6%
Approval Rate
$209,367
Avg Loan Amount
7.27%
Avg Interest Rate
$37K
Avg Applicant Income
5.7x
Loan-to-Income Ratio

Nearby Lenders in Kennebec 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 Kennebec Savings Bank 722 24.5%
2 Guild Mortgage Company 217 7.4%
3 Bangor Savings Bank 188 6.4%
4 Maine State Credit Union 176 6.0%
5 The Camden National Bank 151 5.1%
Compare Kennebec Savings Bank vs Guild Mortgage Company →

Frequently Asked Questions

How many mortgage applications were filed in Kennebec County?
In the 2024 HMDA reporting year, 4,866 mortgage applications were filed in Kennebec County, Maine. Of these, 2,950 were originated (approved and funded), while 691 were denied, resulting in a denial rate of 14.2%.
What is the mortgage denial rate in Kennebec County?
The mortgage denial rate in Kennebec County is 14.2%. The approval (origination) rate is 60.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Kennebec County?
The average mortgage loan amount in Kennebec County is $209,367. The average interest rate is 7.274%. The average applicant income is $37K.
What is the loan-to-income ratio in Kennebec County?
The average loan-to-income ratio in Kennebec County is 5.7x, meaning borrowers took on loans averaging 5.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Kennebec County?
The top mortgage lenders in Kennebec County by origination volume are Kennebec Savings Bank, Guild Mortgage Company, Bangor Savings Bank. In total, 167 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.