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NORTHWAY BANK

CAMDEN, ME

NORTHWAY BANK processed 188 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 99 loans with a 22.9% denial rate. Home Purchase was the primary loan purpose. Based in CAMDEN, ME. The approval rate of 52.7% 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. NORTHWAY BANK processed 188 HMDA-reported mortgage applications in 2024, originating 99 loans and denying 43 for a denial rate of 22.9% (applicants themselves withdrew 37 files before a decision). The average loan amount was $228,777 at a 7.631% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 549300MKT4KNKP08CQ45 from CAMDEN, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. NORTHWAY BANK's 52.7% origination rate tells you how often an application turned into funded money; the 22.9% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (188 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.

188
Applications
99
Originated
22.9%
Denial Rate
$228,777
Avg Loan Amount
Avg Interest Rate: 7.631% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 188 99 43 $228,777

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for NORTHWAY BANK (LEI: 549300MKT4KNKP08CQ45) · 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
20
Collateral
13
Credit history
12
Other
7
Insufficient cash
1
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 96 61 $309,896
Home Improvement 37 14 $101,486
Cash-out Refinancing 29 11 $224,310
Other 17 10 $86,765
Refinancing 9 3 $169,444

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 153 54.9% 25.5%
American Indian or Alaska Native 1 100.0% 0.0%
Asian 1 0.0% 0.0%
Joint 1 100.0% 0.0%

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 140 55.7% 23.6%
Hispanic or Latino 2 0.0% 50.0%
Joint 2 100.0% 0.0%

Nearby Lenders in ME

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

BANGOR SAVINGS BANK

BANGOR, ME

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 NORTHWAY 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 NORTHWAY BANK process?
NORTHWAY BANK processed 188 mortgage applications in the 2023 HMDA reporting year. Of these, 99 were originated (approved and funded), 37 were withdrawn by the applicant, and 43 were denied.
What is NORTHWAY BANK's mortgage approval rate?
NORTHWAY BANK has an approval (origination) rate of 52.7%, meaning 52.7% of all applications resulted in a funded mortgage. The denial rate is 22.9%.
What is the average loan amount at NORTHWAY BANK?
The average mortgage loan amount at NORTHWAY BANK is $228,777. The average interest rate is 7.631%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at NORTHWAY BANK?
The most common reasons for mortgage denial at NORTHWAY BANK are: Debt-to-income ratio, Collateral, Credit history. In total, 43 applications were denied out of 188 total applications.
What types of mortgage loans does NORTHWAY BANK offer?
NORTHWAY BANK processes Conventional loans. The most common type is Conventional with 188 applications and an average loan amount of $228,777.
What loan purposes does NORTHWAY BANK serve?
NORTHWAY BANK serves the following loan purposes: Home Purchase (96 applications), Home Improvement (37 applications), Cash-out Refinancing (29 applications), Other (17 applications), Refinancing (9 applications). Home Purchase is the most common purpose.
Where is NORTHWAY BANK located?
NORTHWAY BANK is headquartered in CAMDEN, ME. The lender is identified by LEI 549300MKT4KNKP08CQ45 in HMDA data.
How does NORTHWAY BANK compare in lending across racial demographics?
NORTHWAY BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 54.9% and denial rate of 25.5%; American Indian or Alaska Native applicants have an approval rate of 100.0% and denial rate of 0.0%; Asian applicants have an approval rate of 0.0% 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.