Franklin County, ME Mortgage Lenders & HMDA Data, 2020

In 2020, lenders reported 1,745 mortgage applications in Franklin County, ME totaling $327.2 million, up 54% from 2019. The average application was for $187,000, and applicants reported an average income of $150,000. 60% of applications resulted in an originated loan and 14% were denied. The most active lender was Bangor Savings Bank, with 226 applications, followed by Skowhegan Savings Bank and Residential Mortgage Services, Inc..

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Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,745
Total Mortgage Loan Application Amount $327,225,000
Average Mortgage Loan Application Amount $187,000
Highest Mortgage Loan Application Amount $1,345,000
Average Applicant Income $150,000
Highest Applicant Income $2,921,000

Mortgage Company List for Lending in Franklin County, ME for 2020

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Bangor Savings Bank
19 MAINE AVENUE
BANGOR, ME 04401
* $ 4,733,474,000 226 $ 35,470,000
Skowhegan Savings Bank
13 ELM ST
SKOWHEGAN, ME 04976
* $ 606,333,000 185 $ 36,295,000
Residential Mortgage Services, Inc.
24 CHRISTOPHER TOPPI DRIVE
SOUTH PORTLAND, ME 04106
* $ -1,000 66 $ 14,840,000
The Camden National Bank
2 ELM STREET
CAMDEN, ME 04843
* $ 4,410,250,000 58 $ 14,920,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ -1,000 54 $ 8,740,000
Mortgage Network, Inc.
99 CONIFER HILL DR
DANVERS, MA 01923
* $ -1,000 46 $ 12,870,000
University Credit Union
15 MAIN STREET
ORONO, ME 04473
* $ 330,643,000 45 $ 5,005,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,712,919,000,000 40 $ 8,780,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ -1,000 40 $ 7,530,000
Kennebec Savings Bank
150 STATE ST
AUGUSTA, ME 04332
* $ -1,000 37 $ 5,555,000
TD Bank

MOUNT LAUREL, NJ 08054
* $ 320,471,996,000 36 $ 6,650,000
Keybank National Association
127 PUBLIC SQUARE
CLEVELAND, OH 44114
* $ 143,390,269,000 31 $ 5,725,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 26 $ 5,550,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ -1,000 23 $ 3,895,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ -1,000 22 $ 4,590,000
Caliber Home Loans, Inc.
1525 S. BELTLINE ROAD
WILMINGTON, DE 75019
* $ -1,000 19 $ 3,425,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 19 $ 3,935,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,852,983,000,000 19 $ 3,025,000
Androscoggin Bank
30 LISBON STREET
LEWISTON, ME 04243
* $ 1,084,186,000 19 $ 3,715,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 2,337,646,000,000 18 $ 3,010,000
Cuso Mortgage Corporation
101 WESTERN AVENUE
HAMPDEN, ME 04444
* $ -1,000 17 $ 2,215,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ -1,000 17 $ 3,315,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 486,004,220,000 17 $ 3,365,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ -1,000 16 $ 3,380,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 111,986,078,000 16 $ 2,880,000
Das Acquisition Company, LLC
12140 WOODCREST EXECUTIVE DRIVE, STE 150
SAINT LOUIS, MO 63141
* $ -1,000 15 $ 1,905,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ -1,000 15 $ 3,135,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 88,826,789,000 14 $ 2,360,000
Norway Savings Bank
261 MAIN STREET, P.O. BOX 347
NORWAY, ME 04268
* $ 1,237,204,000 14 $ 2,140,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 165,742,416,000 13 $ 2,325,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ -1,000 13 $ 2,165,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 13 $ 2,355,000
American Financing Corporation
3045 S PARKER RD BUILDING B
AURORA, CO 80014
* $ -1,000 12 $ 1,420,000
Academy Mortgage Corporation
339 WEST 13490 SOUTH
SALT LAKE CITY, UT 84020
* $ -1,000 11 $ 1,935,000
Bath Savings Institution
105 FRONT STREET
BATH, ME 04530
* $ 937,261,000 10 $ 2,380,000
Total Mortgage Services, LLC
185 PLAINS ROAD
MILFORD, CT 06461
* $ -1,000 10 $ 2,990,000
Dirigo Federal Credit Union
391 MAIN STREET
LEWISTON, ME 04243
* $ 260,617,000 9 $ 765,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ 2,445,435,000 9 $ 1,295,000
Northpoint Mortgage, Inc.
204 TURNPIKE ROAD
STURBRIDGE, MA 01566
* $ -1,000 9 $ 2,455,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ -1,000 8 $ 1,650,000
Norwich Commercial Group Inc
38 SECURITY DRIVE
AVON, CT 06001
* $ -1,000 8 $ 1,420,000
Bar Harbor Bank & Trust
82 MAIN STREET
BAR HARBOR, ME 04609
* $ 3,665,517,000 8 $ 1,880,000
Harborone Mortgage, LLC
1045 ELM ST SUITE 601
MANCHESTER, NH 03101
* $ -1,000 8 $ 2,370,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ -1,000 8 $ 1,720,000
First National Bank
P.O. BOX 940
DAMARISCOTTA, ME 04543
* $ 2,036,932,000 8 $ 2,030,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ -1,000 7 $ 1,145,000
Machias Savings Bank
4 CENTER STREET
MACHIAS, ME 04654
* $ 1,525,860,000 7 $ 855,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ -1,000 7 $ 1,545,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ 112,384,202,000 7 $ 565,000
Movement Mortgage, LLC
8024 CALVIN HALL ROAD
INDIAN LAND, SC 29707
* $ -1,000 7 $ 1,695,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ -1,000 7 $ 785,000
Homebridge Financial Services, Inc
194 WOOD AVE S, 9TH FLOOR
ISELIN, NJ 08830
* $ -1,000 6 $ 1,120,000
Maine Community Bank
1 INDIA ST
PORTLAND, ME 04101
* $ 516,973,000 6 $ 890,000
American Financial Resources LLC
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ -1,000 6 $ 690,000
Auburn Savings Bank, FSB
256 COURT ST. PO BOX 3157
AUBURN, ME 04210
* $ 84,197,000 6 $ 1,000,000
Katahdin Trust Company
11 MAIN STREET / PO BOX 450
PATTEN, ME 04765
* $ 850,692,000 6 $ 1,430,000
Maine Savings Federal Credit Union
PO BOX 347
HAMPDEN, ME 04444
* $ 452,482,000 6 $ 1,380,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ -1,000 6 $ 880,000
Home Point Financial Corporation
1194 OAK VALLEY DRIVE, SUITE 80
ANN ARBOR, MI 48108
* $ -1,000 6 $ 970,000
Emm Loans LLC
3 EXECUTIVE CAMPUS, SUITE 520
CHERRY HILL, NJ 08003
* $ -1,000 5 $ 1,195,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ 461,256,000,000 5 $ 1,065,000
Northeast Bank
500 CANAL ST
LEWISTON, ME 04240
* $ 1,208,005,000 5 $ 785,000
Partners Bank of New England
900 MAIN ST
SANFORD, ME 04073
* $ 618,622,000 5 $ 2,535,000
Infinity Federal Credit Union
202 LARRABEE ROAD
WESTBROOK, ME 04092
* $ 351,878,000 5 $ 685,000
Primary Residential Mortgage, Inc.
1480 N 2200 W
SALT LAKE CITY, UT 84116
* $ -1,000 5 $ 645,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ -1,000 4 $ 670,000
Digital Federal Credit Union
220 DONALD LYNCH BOULEVARD
MARLBOROUGH, MA 01752
* $ 9,361,090,000 4 $ 980,000
Hanscom Federal Credit Union
1610 EGLIN ST
HANSCOM AFB, MA 01731
* $ 1,509,707,000 4 $ 510,000
Service Federal Credit Union
3003 LAFAYETTE ROAD
PORTSMOUTH, NH 03801
* $ 3,815,483,000 4 $ 440,000
Atlantic Federal Credit Union
PO BOX 188
BRUNSWICK, ME 04011
* $ 748,759,000 4 $ 900,000
Saco & Biddeford Savings Institution
50 INDUSTRIAL PARK ROAD
SACO, ME 04072
* $ 1,031,633,000 4 $ 1,100,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ -1,000 4 $ 600,000
First Savings Bank
501 E. LEWIS & CLARK PARKWAY
JEFFERSONVILLE, IN 47130
* $ 1,289,704,000 4 $ 900,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ -1,000 4 $ 870,000
Everbank N.A.
501 RIVERSIDE AVENUE
JACKSONVILLE, FL 32202
* $ 41,950,721,000 4 $ 330,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 4 $ 690,000
Magnolia Bank
PO BOX 188
HODGENVILLE, KY 42748
* $ 313,272,000 4 $ 860,000
Santander Bank, N.A.
824 NORTH MARKET STREET, SUITE 100
WILMINGTON, DE 19801
* $ 84,670,854,000 3 $ 1,595,000
Maine Family Federal Credit Union
555 SABATTUS STREET
LEWISTON, ME 04240
* $ 176,635,000 3 $ 415,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ 24,774,361,000 3 $ 575,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 397,703,264,000 3 $ 1,025,000
American Advisors Group
3800 W.CHAPMAN SUITE 300
ORANGE, CA 92868
* $ -1,000 3 $ 45,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ -1,000 3 $ 385,000
Downeast Credit Union
23 THIRD AVE
BAILEYVILLE, ME 04694
* $ 203,200,000 3 $ 325,000
Peopleschoice Credit Union
23 INDUSTRIAL PARK RD
SACO, ME 04072
* $ 211,780,000 3 $ 575,000
First Guaranty Mortgage Corporation
1900 GALLOWS ROAD, SUITE 800
TYSONS CORNER, VA 22182
* $ -1,000 3 $ 435,000
Leader Bank NA
141 MASSACHUSETTS AVENUE
ARLINGTON, MA 02474
* $ 1,583,299,000 3 $ 725,000
Draper and Kramer Mortgage Corp.
1431 OPUS PLACE SUITE 200
WILMINGTON, DE 60515
* $ -1,000 3 $ 795,000
Flagstar Bank NA

TROY, MI 49098
* $ 23,234,514,000 3 $ 555,000
Passumpsic Bank
25 MR ARTHUR DRIVE
CHESTERFIELD, NH 03466
* $ -1,000 3 $ 645,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 464,504,000 3 $ 725,000
Envision Bank
10 CABOT PLACE
STOUGHTON, MA 02072
* $ 631,256,000 3 $ 855,000
Lighthouse Federal Credit Union
100 BORTHWICK AVE
PORTSMOUTH, NH 03801
* $ 1,544,752,000 3 $ 475,000
Radius Financial Group Inc
600 LONGWATER DRIVE SUITE 107
NORWELL, MA 02061
* $ -1,000 3 $ 795,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ 604,528,000 3 $ 695,000
Integrity Mortgage LLC
2320 CONGRESS ST SUITE D
PORTLAND, ME 04102
* $ -1,000 2 $ 420,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ -1,000 2 $ 290,000
Citibank, NA

NEW YORK, NY 10012
* $ 1,453,998,000,000 2 $ 1,030,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ -1,000 2 $ 210,000
Salem Five Mortgage Company LLC
210 ESSEX STREET
SALEM, MA 01970
* $ -1,000 2 $ 310,000
Gorham Savings Bank
10 WENTWORTH DRIVE
GORHAM, ME 04038
* $ 1,256,735,000 2 $ 560,000
Mortgage Solutions of Colorado
7450 CAMPUS DRIVE SUITE 200
COLORADO SPRINGS, CO 80920
* $ -1,000 2 $ 300,000
Farm Credit East Aca
240 SOUTH ROAD
ENFIELD, CT 06082
* $ -1,000 2 $ 790,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 119,432,105,000 2 $ 460,000
Ixonia Bank
W1046 MARIETTA AVE
IXONIA, WI 53036
* $ 389,451,000 2 $ 220,000
Megastar Finanacial Corp
1080 CHEROKEE STREET
DENVER, CO 80204
* $ -1,000 2 $ 300,000
Secured Investment Corp
701 E FRONT AVE
COEUR D'ALENE, ID 83814
* $ -1,000 2 $ 140,000
Cumberland County Federal Credit Union
101 GRAY RD
FALMOUTH, ME 04105
* $ 288,165,000 2 $ 340,000
Evolve Bank & Trust
6000 POPLAR AVENUE SUITE 300
MEMPHIS, TN 38119
* $ 451,290,000 1 $ 435,000
First Carolina Bank
171 N WINSTEAD AVE
ROCKY MOUNT, NC 27804
* $ 658,230,000 1 $ 205,000
Spring Eq, LLC
1 WEST ELM STREET SUITE 450
CONSHOHOCKEN, PA 19428
* $ -1,000 1 $ 45,000
Kennebunk Savings Bank
104 MAIN STREET
KENNEBUNK, ME 04043
* $ 1,326,464,000 1 $ 85,000
Lenderfi, Inc.
23875 VENTURA BLVD SUITE 203B
CALABASAS, CA 91302
* $ -1,000 1 $ 245,000
The Money Source Inc.
135 MAXESS ROAD
NEW YORK, NY 11747
* $ -1,000 1 $ 155,000
Fall River Five Cents Savings
79 NORTH MAIN ST
FALL RIVER, MA 02720
* $ 1,070,912,000 1 $ 475,000
First National Bank of America
241 EAST SAGINAW
EAST LANSING, MI 48823
* $ 2,488,033,000 1 $ 35,000
Sunmark Credit Union
1187 TROY SCHENECTADY ROAD
LATHAM, NY 12110
* $ 740,218,000 1 $ 65,000
Willamette Valley Bank
101 HIGH ST NE
SALEM, OR 97301
* $ 268,938,000 1 $ 185,000
American Financial Network, Inc.
10 POINTE DRIVE, SUITE 330
BREA, CA 92821
* $ -1,000 1 $ 35,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ -1,000 1 $ 195,000
Royal United Mortgage LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46256
* $ -1,000 1 $ 45,000
Main Street Bank
81 GRANGER BOULEVARD
MARLBOROUGH, MA 01432
* $ 1,016,156,000 1 $ 195,000
People's United Bank
850 MAIN STREET
BRIDGEPORT, CT 06604
* $ 58,343,490,000 1 $ 225,000
Austin Capital Bank SSB
8100 SHOAL CREEK BLVD
AUSTIN, TX 78757
* $ 139,109,000 1 $ 65,000
Northwest Federal Credit Union
220 SPRING STREET
HERNDON, VA 20170
* $ 3,598,362,000 1 $ 515,000
Sofi Lending Corp.
375 HEALDSBURG AVENUE, SUITE 280
SACRAMENTO, CA 95448
* $ -1,000 1 $ 305,000
Cport Credit Union
PO BOX 777
PORTLAND, ME 04103
* $ 246,436,000 1 $ 645,000
Bank of Springfield
2600 STEVENSON DRIVE
SPRINGFIELD, IL 62711
* $ 1,040,288,000 1 $ 175,000
Roundpoint Mortgage Servicing LLC
446 WRENPLACE ROAD
FORT MILL, SC 29715
* $ -1,000 1 $ 145,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 22,986,309,000 1 $ 135,000
Advantage Plus FCU
2133 E CENTER ST.
POCATELLO, ID 83201
* $ 164,028,000 1 $ 175,000
Stearns Lending, LLC
4 HUTTON CENTRE, 10TH FLOOR
SANTA ANA, CA 92707
* $ -1,000 1 $ 125,000
Charles Schwab Bank, SSB

LONE TREE, CO 80124
* $ 216,654,000,000 1 $ 345,000
Arvest Bank

TULSA, OK 74103
* $ 19,445,554,000 1 $ 145,000
First United Bank and Trust Company
PO BOX 130
DURANT, OK 74702
* $ 8,090,901,000 1 $ 315,000
Michigan Mutual, Inc
911 MILITARY STREET
PORT HURON, MI 48060
* $ -1,000 1 $ 305,000
Reverse Mortgage Funding LLC
1455 BROAD ST., 2ND FL
BLOOMFIELD, NJ 07003
* $ -1,000 1 $ 35,000
Capital Bank, N.A.
ONE CHURCH ST SUITE 300
ROCKVILLE, MD 20850
* $ 1,396,934,000 1 $ 215,000
Needham Bank
1063 GREAT PLAIN AVE
NEEDHAM, MA 02492
* $ 2,453,186,000 1 $ 305,000
Mortgage Equity Partners LLC
220 BROADWAY SUITE 205
LYNNFIELD, MA 01940
* $ -1,000 1 $ 165,000
Boston Private Bank & Trust Company
TEN POST OFFICE SQUARE
BOSTON, MA 02109
* $ 8,796,241,000 1 $ 535,000
First Federal Bank
4705 US HWY 90 W
LAKE CITY, FL 32055
* $ 2,177,570,000 1 $ 105,000
NBKC Bank
8320 WARD PARKWAY
KANSAS CITY, MO 64114
* $ 833,228,000 1 $ 325,000
Lendingone LLC
901 YAMATO RD #150
BOCA RATON, FL 33431
* $ -1,000 1 $ 45,000
Texas Capital Bank, National Association
2000 MCKINNEY AVE SUITE 700
DALLAS, TX 75201
* $ 32,529,274,000 1 $ 75,000
Reliance First Capital, LLC
201 OLD COUNTRY ROAD SUITE 205
MELVILLE, NY 11747
* $ -1,000 1 $ 115,000
Truchoice FCU
332 CUMMINGS RD
SOUTH PORTLAND, ME 04106
* $ 151,286,000 1 $ 35,000
Westfield Bank
141 ELM ST
WESTFIELD, MA 01085
* $ 2,179,440,000 1 $ 275,000
The Washington Trust Company, of Westerly
23 BROAD STREET
WESTERLY, RI 02891
* $ 5,291,910,000 1 $ 275,000
Temple View Capital Funding LP
7550 WISCONSIN AVE STE 1000
BETHESDA, MD 20814
* $ -1,000 1 $ 255,000
Nations Lending Corporation
4 SUMMIT PARK DR STE 200
INDEPENDENCE, OH 44131
* $ -1,000 1 $ 175,000
Avidia Bank
42 MAIN STREET
HUDSON, MA 01749
* $ 1,668,741,000 1 $ 335,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ -1,000 1 $ 145,000
Ancorum Credit Union
765 WASHINGTON STREET
BATH, ME 04530
* $ 261,431,000 1 $ 135,000
Guaranteed Rate Affinity, LLC
1800 WEST LARCHMONT AVE
CHICAGO, IL 60613
* $ -1,000 1 $ 65,000
Eastern Bank
125 HIGH ST
BOSTON, MA 02110
* $ 11,628,782,000 1 $ 105,000
Paramount Bank
90 VILLAGE SQUARE SHOPPING CENTER
HAZELWOOD, MO 63042
* $ 104,250,000 1 $ 305,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ -1,000 1 $ 195,000
Mid-Continent Funding, Inc.
3401 W BROADWAY BUSINESS PARK CT STE 213
COLUMBIA, MO 65203
* $ -1,000 1 $ 245,000
Nationwide Mortgage Bankers, Inc.

MELVILLE, NY 11747
* $ -1,000 1 $ 265,000
Accelerate Mortgage, LLC
750 PRIDES CROSSING #303
NEWARK, DE 19713
* $ -1,000 1 $ 315,000
Angel Oak Mortgage Solutions LLC
980 HAMMOND DRIVE, SUITE 850
ATLANTA, GA 30328
* $ -1,000 1 $ 235,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ -1,000 1 $ 75,000

The tables below break down 2020 mortgage applications in Franklin County, ME by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Franklin County, ME in 2020

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 814 $163,760,000 $201,000 $975,000 $140,000 $1,299,000
Refinancing 602 $113,510,000 $188,000 $1,345,000 $174,000 $1,709,000
Cash-out Refinancing 188 $34,380,000 $182,000 $1,025,000 $130,000 $2,921,000
Home Improvement 70 $6,770,000 $96,000 $475,000 $142,000 $783,000
Other Purpose 55 $7,115,000 $129,000 $605,000 $138,000 $1,234,000
Not Applicable 16 $1,690,000 $105,000 $285,000 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 1,395 $257,915,000 $184,000 $1,345,000 $150,000 $2,921,000
Not Provided 228 $47,140,000 $206,000 $1,275,000 $151,000 $1,633,000
Not applicable 97 $18,265,000 $188,000 $1,005,000 $152,000 $836,000
Hispanic 10 $1,610,000 $161,000 $215,000 $108,000 $275,000
Asian 7 $1,085,000 $155,000 $215,000 $153,000 $257,000
American Indian or Alaskan Native 6 $1,080,000 $180,000 $245,000 $90,000 $140,000
Black or African American 1 $65,000 $65,000 $65,000 $108,000 $108,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,353 $261,655,000 $193,000 $1,345,000 $167,000 $2,921,000
VA-guaranteed (Veterans Administration) 191 $37,855,000 $198,000 $555,000 $78,000 $370,000
FHA-insured (Federal Housing Administration) 118 $16,140,000 $136,000 $325,000 $49,000 $145,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 83 $11,575,000 $139,000 $295,000 $47,000 $103,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 1,049 $203,145,000 $193,000 $1,345,000 $160,000 $2,921,000
Application Withdrawn By Applicant 246 $45,510,000 $185,000 $1,275,000 $148,000 $1,633,000
Application Denied By Financial Institution 236 $39,690,000 $168,000 $1,135,000 $106,000 $1,093,000
Loan Purchased By The Institution 105 $21,195,000 $201,000 $1,005,000 $179,000 $836,000
File Closed For Incompleteness 67 $10,405,000 $155,000 $445,000 $140,000 $1,234,000
Application Approved But Not Accepted 39 $6,675,000 $171,000 $385,000 $119,000 $477,000
Preapproval Approved but not Accepted 2 $330,000 $165,000 $185,000 $50,000 $62,000
Preapproval Denied by Financial Institution 1 $275,000 $275,000 $275,000 $55,000 $55,000

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 1,296 $246,560,000 $190,000 $1,345,000 $150,000 $2,921,000
Debt-To-Income Ratio 309 $60,065,000 $194,000 $1,135,000 $173,000 $1,580,000
Credit History 50 $5,600,000 $112,000 $495,000 $84,000 $290,000
Collateral 34 $6,270,000 $184,000 $515,000 $124,000 $600,000
Other 26 $3,700,000 $142,000 $315,000 $82,000 $341,000
Credit Application Incomplete 16 $2,760,000 $172,000 $465,000 $102,000 $300,000
Unverifiable Information 7 $1,445,000 $206,000 $375,000 $116,000 $246,000
Employment History 5 $575,000 $115,000 $205,000 $37,000 $63,000
Insufficient Cash (Downpayment, Closing Cost) 2 $250,000 $125,000 $165,000 $64,000 $94,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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