Norway Savings Bank mortgage approval rate & lending review
Norway Savings Bank decided 1,020 mortgage applications and funded 787 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Norway Savings Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Norway Savings Bank at a glance
Approval is 3.0 points above the 74.4% 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 | 69% | 198 / 289 | 100% | $345K | 198 |
| Home improvement loans | 80% | 207 / 260 | 100% | $105K | 207 |
| Cash-out refinance | 79% | 193 / 244 | 100% | $225K | 193 |
| Investment property purchase | 88% | 115 / 130 | 99% | $405K | 114 |
| Investment cash-out refinance | 73% | 22 / 30 | 95% | $375K | 21 |
| Investment home improvement | 81% | 35 / 43 | 100% | $245K | 35 |
Norway Savings Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Maine | 77% | $225K | 1,012 | 781 |
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 Norway Savings Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Cumberland County, ME | Home improvement loans | 84% | 186 | 157 |
| Cumberland County, ME | Cash-out refinance | 83% | 166 | 138 |
| Cumberland County, ME | Mortgage lenders | 74% | 151 | 111 |
| Cumberland County, ME | Investment property purchase | 89% | 73 | 65 |
| Androscoggin County, ME | Mortgage lenders | 78% | 54 | 42 |
| York County, ME | Home improvement loans | 72% | 40 | 29 |
| York County, ME | Mortgage lenders | 48% | 58 | 28 |
| York County, ME | Cash-out refinance | 69% | 39 | 27 |
| Androscoggin County, ME | Investment property purchase | 92% | 26 | 23 |
| Androscoggin County, ME | Cash-out refinance | 71% | 31 | 22 |
| Cumberland County, ME | Investment home improvement | 75% | 28 | 21 |
| Androscoggin County, ME | Home improvement loans | 75% | 24 | 18 |
The county markets where Norway Savings Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Norway Savings Bank
What is Norway Savings Bank's mortgage approval rate?
Norway Savings Bank approved 77.5% of the 1,020 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 3.0 points above the 74.4% national rate for the same mix of loan types.
How often do borrowers take the loan Norway Savings Bank offers?
Borrowers accepted 100% of the loans Norway 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 Norway Savings Bank make?
The typical home purchase mortgage loan Norway Savings Bank made was $345K; across all loan types its typical loan ran from $105K to $405K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Norway Savings Bank lend?
Norway Savings Bank decided applications in 3 of the states Fat Boy Data covers, most of them in Maine, New Hampshire and Florida.
Can I apply to Norway Savings Bank directly?
Yes. Norway Savings Bank is a bank or credit union with 25 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Norway 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 Norway Savings Bank treats applications, then get a rate quote from the lender.