Saco & Biddeford Savings Institution Mortgage Lending & HMDA Data, 2025
In 2025, Saco & Biddeford Savings Institution of Saco, ME reported 332 mortgage applications totaling $160.0 million, about the same as 2024. The average application was for $482,018, and applicants reported an average income of $225,198. 60% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Portland-South Portland, ME (258) and Lewiston-Auburn, ME (4).
| Mortgage Company & Address | Saco & Biddeford Savings Institution 50 Industrial Park Road Saco, ME 04072 Tel #: available with data download |
| Federal Regulator | * available with data download |
| 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 | 332 |
| Total Mortgage Loan Application Amount | $160,030,000 |
| Average Mortgage Loan Application Amount | $482,018 |
| Highest Mortgage Loan Application Amount | $4,505,000 |
| Average Applicant Income | $225,198 |
| Highest Applicant Income | $3,070,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Saco & Biddeford Savings Institution filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Portland-South Portland, ME | 258 | $ 129,100,000 | $ 500,387 | $ 235,000 |
| Outside any metro area | 70 | $ 29,380,000 | $ 419,714 | $ 191,800 |
| Lewiston-Auburn, ME | 4 | $ 1,550,000 | $ 387,500 | $ 207,000 |
Mortgage Loan Application Detail Totals for Saco & Biddeford Savings Institution in 2025
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 | 275 | $136,415,000 | $496,000 | $2,655,000 | $230,000 | $3,070,000 |
| Refinancing | 33 | $12,995,000 | $393,000 | $1,505,000 | $164,000 | $400,000 |
| Home Improvement | 16 | $8,120,000 | $507,000 | $4,505,000 | $250,000 | $900,000 |
| Other Purpose | 8 | $2,500,000 | $312,000 | $705,000 | $263,000 | $1,076,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 252 | $119,330,000 | $473,000 | $2,655,000 | $232,000 | $3,070,000 |
| Not Provided | 49 | $19,735,000 | $402,000 | $1,095,000 | $226,000 | $750,000 |
| Not applicable | 14 | $14,020,000 | $1,001,000 | $4,505,000 | $0 | $0 |
| Asian | 7 | $3,995,000 | $570,000 | $1,455,000 | $138,000 | $300,000 |
| Hispanic | 6 | $1,980,000 | $330,000 | $495,000 | $122,000 | $184,000 |
| Black or African American | 4 | $970,000 | $242,000 | $455,000 | $104,000 | $129,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 331 | $159,445,000 | $481,000 | $4,505,000 | $226,000 | $3,070,000 |
| VA-guaranteed (Veterans Administration) | 1 | $585,000 | $585,000 | $585,000 | $55,000 | $55,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 198 | $96,990,000 | $489,000 | $4,505,000 | $232,000 | $1,108,000 |
| Application Withdrawn By Applicant | 48 | $24,750,000 | $515,000 | $2,655,000 | $237,000 | $1,123,000 |
| Preapproval Approved but not Accepted | 41 | $19,875,000 | $484,000 | $2,405,000 | $212,000 | $1,697,000 |
| Application Denied By Financial Institution | 19 | $7,755,000 | $408,000 | $755,000 | $159,000 | $900,000 |
| Preapproval Denied by Financial Institution | 15 | $4,435,000 | $295,000 | $655,000 | $62,000 | $120,000 |
| File Closed For Incompleteness | 6 | $2,670,000 | $445,000 | $1,455,000 | $175,000 | $516,000 |
| Application Approved But Not Accepted | 5 | $3,555,000 | $711,000 | $2,005,000 | $888,000 | $3,070,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 332 | $160,030,000 | $482,000 | $4,505,000 | $225,000 | $3,070,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Saco & Biddeford Savings Institution's 2025 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Saco & Biddeford Savings Institution's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Maine, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About