PlainLender

FIRST NATIONAL BANK

DAMARISCOTTA, ME

FIRST NATIONAL BANK processed 903 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 725 loans with a 8.6% denial rate. Home Purchase was the primary loan purpose. Based in DAMARISCOTTA, ME. The approval rate of 80.3% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. FIRST NATIONAL BANK processed 903 HMDA-reported mortgage applications in 2024, originating 725 loans and denying 78 for a denial rate of 8.6% (applicants themselves withdrew 90 files before a decision). The average loan amount was $227,569 at a 8.012% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 5493002J7RM1JLAXN553 from DAMARISCOTTA, ME.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. FIRST NATIONAL BANK's 80.3% origination rate tells you how often an application turned into funded money; the 8.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (898 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

903
Applications
725
Originated
8.6%
Denial Rate
$227,569
Avg Loan Amount
Avg Interest Rate: 8.012% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 898 723 76 $227,171
USDA 3 2 1 $248,333
VA 2 0 1 $375,000

Top loan types — FIRST NATIONAL BANK

Top loan types — FIRST NATIONAL BANK Horizontal bar chart of the top 3 items by value (applications). Top loan types — FIRST NATIONAL BANK Top 3 1. Conventional 898 2. USDA 3 3. VA 2 Top 5 loan types by application volume at FIRST NATIONAL BANK (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for FIRST NATIONAL BANK (LEI: 5493002J7RM1JLAXN553) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
50
Credit history
29
Collateral
13
Unverifiable information
5
Employment history
3
Other
3
Insufficient cash
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 394 324 $344,543
Home Improvement 233 191 $123,927
Other 150 112 $108,933
Refinancing 121 94 $198,140
Cash-out Refinancing 5 4 $111,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 730 78.8% 9.9%
Joint 11 90.9% 0.0%
American Indian or Alaska Native 5 80.0% 0.0%
2 or more minority races 2 50.0% 0.0%
Asian 2 100.0% 0.0%
Black or African American 1 0.0% 100.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 705 80.1% 8.9%
Hispanic or Latino 12 66.7% 25.0%
Joint 11 63.6% 9.1%

Nearby Lenders in ME

Other HMDA-reporting lenders in ME with similar activity. Compare any two side-by-side.

BANGOR SAVINGS BANK

BANGOR, ME

4,953 apps 3,426 originated 18.7% denied

THE CAMDEN NATIONAL BANK

CAMDEN, ME

2,443 apps 1,733 originated 11.2% denied

Kennebec Savings Bank

Augusta, ME

1,775 apps 1,044 originated 8.7% denied

Norway Savings Bank

Norway, ME

1,109 apps 624 originated 15.5% denied

Town and Country Federal Credi

South Portland, ME

1,013 apps 710 originated 15.4% denied
Compare FIRST NATIONAL BANK vs BANGOR SAVINGS BANK →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did FIRST NATIONAL BANK process?
FIRST NATIONAL BANK processed 903 mortgage applications in the 2023 HMDA reporting year. Of these, 725 were originated (approved and funded), 90 were withdrawn by the applicant, and 78 were denied.
What is FIRST NATIONAL BANK's mortgage approval rate?
FIRST NATIONAL BANK has an approval (origination) rate of 80.3%, meaning 80.3% of all applications resulted in a funded mortgage. The denial rate is 8.6%.
What is the average loan amount at FIRST NATIONAL BANK?
The average mortgage loan amount at FIRST NATIONAL BANK is $227,569. The average interest rate is 8.012%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at FIRST NATIONAL BANK?
The most common reasons for mortgage denial at FIRST NATIONAL BANK are: Debt-to-income ratio, Credit history, Collateral. In total, 78 applications were denied out of 903 total applications.
What types of mortgage loans does FIRST NATIONAL BANK offer?
FIRST NATIONAL BANK processes Conventional, USDA, VA loans. The most common type is Conventional with 898 applications and an average loan amount of $227,171.
What loan purposes does FIRST NATIONAL BANK serve?
FIRST NATIONAL BANK serves the following loan purposes: Home Purchase (394 applications), Home Improvement (233 applications), Other (150 applications), Refinancing (121 applications), Cash-out Refinancing (5 applications). Home Purchase is the most common purpose.
Where is FIRST NATIONAL BANK located?
FIRST NATIONAL BANK is headquartered in DAMARISCOTTA, ME. The lender is identified by LEI 5493002J7RM1JLAXN553 in HMDA data.
How does FIRST NATIONAL BANK compare in lending across racial demographics?
FIRST NATIONAL BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 78.8% and denial rate of 9.9%; Joint applicants have an approval rate of 90.9% and denial rate of 0.0%; American Indian or Alaska Native applicants have an approval rate of 80.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

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