Bangor Savings Bank mortgage approval rate & lending review
Bangor Savings Bank decided 7,236 mortgage applications and funded 5,907 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Bangor Savings Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Bangor Savings Bank at a glance
Approval is 4.1 points above the 78.2% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 89% | 3,042 / 3,433 | 99% | $345K | 3,022 |
| Home improvement loans | 74% | 1,368 / 1,852 | 99% | $105K | 1,360 |
| Cash-out refinance | 88% | 154 / 175 | 99% | $335K | 153 |
| Refinance | 78% | 777 / 995 | 99% | $205K | 766 |
| Investment property purchase | 86% | 438 / 507 | 99% | $355K | 435 |
| Investment refinance | 74% | 64 / 86 | 97% | $305K | 62 |
| Investment home improvement | 57% | 95 / 168 | 97% | $135K | 92 |
Bangor Savings Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Maine | 83% | $345K | 6,150 | 5,048 |
| New Hampshire | 80% | $375K | 550 | 433 |
| Massachusetts | 81% | $505K | 439 | 351 |
| Florida | 81% | $295K | 69 | 56 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Bangor Savings Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Cumberland County, ME | Mortgage lenders | 89% | 1,036 | 915 |
| Penobscot County, ME | Mortgage lenders | 90% | 836 | 746 |
| Cumberland County, ME | Home improvement loans | 76% | 686 | 519 |
| York County, ME | Mortgage lenders | 89% | 505 | 443 |
| Penobscot County, ME | Home improvement loans | 77% | 455 | 348 |
| Kennebec County, ME | Mortgage lenders | 87% | 306 | 267 |
| Cumberland County, ME | Refinance | 77% | 331 | 249 |
| Androscoggin County, ME | Mortgage lenders | 92% | 225 | 207 |
| Penobscot County, ME | Refinance | 79% | 253 | 198 |
| York County, ME | Home improvement loans | 72% | 247 | 176 |
| Cumberland County, ME | Investment property purchase | 88% | 136 | 119 |
| Kennebec County, ME | Home improvement loans | 74% | 146 | 108 |
The county markets where Bangor Savings Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Bangor Savings Bank
What is Bangor Savings Bank's mortgage approval rate?
Bangor Savings Bank approved 82.3% of the 7,236 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 4.1 points above the 78.2% national rate for the same mix of loan types.
How often do borrowers take the loan Bangor Savings Bank offers?
Borrowers accepted 99% of the loans Bangor Savings Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Bangor Savings Bank make?
The typical home purchase mortgage loan Bangor Savings Bank made was $345K; across all loan types its typical loan ran from $105K to $355K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Bangor Savings Bank lend?
Bangor Savings Bank decided applications in 8 of the states Fat Boy Data covers, most of them in Maine, New Hampshire and Massachusetts.
Can I apply to Bangor Savings Bank directly?
Yes. Bangor Savings Bank is a bank or credit union with 72 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Bangor Savings Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Bangor Savings Bank treats applications, then get a rate quote from the lender.