Penobscot County
Maine · FIPS 23019
According to CFPB HMDA 2024 application volume among U.S. counties, Penobscot County ranks #474 of 3,223, and #3 of 16 in Maine.
Mortgage lending activity in Penobscot 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. Penobscot County, Maine lenders denied 917 of the applications reported here, financing the rest at an average note rate of 7.36%, with applicants self-reporting average annual income of $37K. 169 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 5.2x, meaning typical borrowers took on mortgages of about 5.2 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 Penobscot County
In Penobscot County, lead originator Bangor Savings Bank funded 18.0% of 3,313 originated loans, above the county fleet's upper tercile (~16.7% top-1). The top three reporters together hold 31.8% of the book, so a handful of names dominate disclosed volume here.
Counties With Similar Application Volume
Nationwide counties nearest to Penobscot County's 5,571 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Penobscot County's $191,184 average loan (deduped against volume peers).
Lenders active in Penobscot County
Bangor Savings Bank funded 597 of the 3,313 loans originated in Penobscot County, 18.0% of the county. 169 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Bangor Savings Bank | 597 | 18.0% |
| 2 | Maine Savings Federal Credit Union | 257 | 7.8% |
| 3 | Rocket Mortgage | 201 | 6.1% |
| 4 | United Wholesale Mortgage | 177 | 5.3% |
| 5 | The Camden National Bank | 142 | 4.3% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Penobscot 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 Penobscot 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.