Gorham Savings Bank mortgage approval rate & lending review
Gorham Savings Bank decided 554 mortgage applications and funded 460 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Gorham Savings Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to maine.bank.
Gorham Savings Bank at a glance
Approval is 11.6 points above the 73.3% 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% | 110 / 123 | 97% | $385K | 107 |
| Home improvement loans | 80% | 167 / 208 | 99% | $115K | 166 |
| Refinance | 84% | 122 / 145 | 98% | $205K | 119 |
| Investment property purchase | 97% | 33 / 34 | 91% | $245K | 30 |
| Investment home improvement | 81% | 22 / 27 | 100% | $205K | 22 |
Gorham Savings Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Maine | 85% | $205K | 554 | 460 |
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 Gorham Savings Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Cumberland County, ME | Home improvement loans | 81% | 145 | 117 |
| Cumberland County, ME | Refinance | 85% | 117 | 97 |
| Cumberland County, ME | Mortgage lenders | 91% | 82 | 73 |
| York County, ME | Home improvement loans | 78% | 60 | 47 |
| York County, ME | Mortgage lenders | 83% | 36 | 29 |
| York County, ME | Refinance | 76% | 25 | 19 |
| Cumberland County, ME | Investment home improvement | 86% | 21 | 18 |
The county markets where Gorham Savings Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Gorham Savings Bank
What is Gorham Savings Bank's mortgage approval rate?
Gorham Savings Bank approved 84.8% of the 554 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 11.6 points above the 73.3% national rate for the same mix of loan types.
How often do borrowers take the loan Gorham Savings Bank offers?
Borrowers accepted 98% of the loans Gorham Savings Bank approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Gorham Savings Bank make?
The typical home improvement loan loan Gorham Savings Bank made was $115K; across all loan types its typical loan ran from $115K to $385K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Gorham Savings Bank lend?
Gorham Savings Bank decided applications in 1 of the states Fat Boy Data covers, most of them in Maine.
Can I apply to Gorham Savings Bank directly?
Yes. Gorham Savings Bank reports as a direct lender that takes applications from borrowers. Its website is maine.bank.
Does this page show Gorham 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 Gorham Savings Bank treats applications, then get a rate quote from the lender.