MAINE SAVINGS FEDERAL CREDIT UNION
HAMPDEN, ME
MAINE SAVINGS FEDERAL CREDIT UNION processed 860 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 506 loans with a 24.3% denial rate. Home Improvement was the primary loan purpose. Based in HAMPDEN, ME. The approval rate of 58.8% 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. MAINE SAVINGS FEDERAL CREDIT UNION processed 860 HMDA-reported mortgage applications in 2024, originating 506 loans and denying 209 for a denial rate of 24.3% (applicants themselves withdrew 60 files before a decision). The average loan amount was $124,709 at a 8.552% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 549300ZDIZM7Y1MHKG98 from HAMPDEN, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. MAINE SAVINGS FEDERAL CREDIT UNION's 58.8% origination rate tells you how often an application turned into funded money; the 24.3% 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 (860 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.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 860 | 506 | 209 | $124,709 |
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for MAINE SAVINGS FEDERAL CREDIT UNION (LEI: 549300ZDIZM7Y1MHKG98) · 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
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Improvement | 302 | 166 | $83,775 |
| Home Purchase | 232 | 122 | $196,509 |
| Other | 191 | 119 | $91,649 |
| Cash-out Refinancing | 127 | 92 | $131,220 |
| Refinancing | 8 | 7 | $273,750 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 707 | 60.1% | 24.3% |
| Joint | 11 | 54.5% | 18.2% |
| American Indian or Alaska Native | 5 | 80.0% | 0.0% |
| Asian | 5 | 40.0% | 40.0% |
| Native Hawaiian or Other Pacific Islander | 3 | 0.0% | 100.0% |
| Black or African American | 2 | 50.0% | 50.0% |
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 | 676 | 60.2% | 24.0% |
| Joint | 9 | 33.3% | 55.6% |
| Hispanic or Latino | 8 | 50.0% | 50.0% |
Nearby Lenders in ME
Other HMDA-reporting lenders in ME with similar activity. Compare any two side-by-side.
BANGOR SAVINGS BANK
BANGOR, ME
THE CAMDEN NATIONAL BANK
CAMDEN, ME
Kennebec Savings Bank
Augusta, ME
Norway Savings Bank
Norway, ME
Town and Country Federal Credi
South Portland, ME
Mortgage Lending Guides
Frequently Asked Questions
How many mortgage applications did MAINE SAVINGS FEDERAL CREDIT UNION process?
What is MAINE SAVINGS FEDERAL CREDIT UNION's mortgage approval rate?
What is the average loan amount at MAINE SAVINGS FEDERAL CREDIT UNION?
What are the most common reasons for mortgage denial at MAINE SAVINGS FEDERAL CREDIT UNION?
What types of mortgage loans does MAINE SAVINGS FEDERAL CREDIT UNION offer?
What loan purposes does MAINE SAVINGS FEDERAL CREDIT UNION serve?
Where is MAINE SAVINGS FEDERAL CREDIT UNION located?
How does MAINE SAVINGS FEDERAL CREDIT UNION compare in lending across racial demographics?
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.