Portland-South Portland
Metropolitan Statistical Area · MSA Code 38860
According to CFPB HMDA 2024 application volume among tracked metros, Portland-South Portland ranks #118 of 418.
Mortgage lending activity in the Portland-South Portland metro area based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this geography during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Metro-area mortgage activity. The Portland-South Portland Metropolitan Statistical Area (MSA code 38860) recorded 24,089 HMDA-reported mortgage applications in 2024. Lenders originated 14,192 of those and denied others at a rate of 15.0%, for an approval (origination) rate of 58.9%. The average loan amount across the MSA was $308,124 at an average note rate of 7.31%. 20 major lenders are tracked for this metro - Bangor Savings Bank, United Wholesale Mortgage, Cmg Mortgage INC lead by origination volume. Among the 418 metros tracked, Portland-South Portland ranks #126 by denial rate (the 70th percentile for approval-friendliness), and shares its 5-point denial-rate band with 117 other tracked metros.
What MSA numbers tell you, and what they don't. Metro area boundaries are defined by the U.S. Office of Management and Budget and typically span multiple counties, so a single Portland-South Portland denial rate averages across urban core, inner suburbs, and outer commuter communities with very different borrower profiles. A 15.0% denial rate at the MSA level can coexist with widely varying individual-lender denial rates; $308,124 average loan size reflects the MSA's property values and the borrower pool that actually applied, not any single neighborhood. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Portland-South Portland
In Portland-South Portland, lead originator Bangor Savings Bank funded only 7.8% of 14,192 originated loans, below the fleet's lower tercile (~8.7% top-1 share). The top three reporters together hold 19.5% of the book, so shopping across channels still meets many active filers.
Metros With a Similar Denial Rate
The metro areas closest to Portland-South Portland's 15.0% denial rate among all 418 tracked MSAs.
Metros With Similar Application Volume
Nationwide MSAs nearest to Portland-South Portland's 24,089 HMDA applications (deduped against the denial-rate neighbourhood).
Metros With a Similar Average Loan
Nationwide MSAs nearest to Portland-South Portland's $308,124 average loan (deduped against denial and volume peers).
Lenders active in the Portland-South Portland metro
Bangor Savings Bank funded 1,114 of the 14,192 loans originated here, 7.8% of the metro. 20 reporting lenders follow.
| # | Lender | Originated | Applications | Avg Loan | Market Share |
|---|---|---|---|---|---|
| 1 | Bangor Savings Bank | 1,114 | 1,561 | $289,350 | 7.8% |
| 2 | United Wholesale Mortgage | 934 | 1,094 | $397,212 | 6.6% |
| 3 | Cmg Mortgage INC | 719 | 1,110 | $378,892 | 5.1% |
| 4 | Town and Country Federal Credi | 655 | 921 | $133,512 | 4.6% |
| 5 | Guild Mortgage Company | 626 | 898 | $401,548 | 4.4% |
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. Metropolitan Statistical Areas defined by the U.S. Office of Management and Budget (OMB).
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only; does not constitute financial advice for Portland-South Portland borrowers.
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 Portland-South Portland 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. 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.