Today's Maine (ME) Mortgage Rates

Maine (ME) Mortgage Rates & Mortgage Loan Data – Prior Year

Mortgage Actions Taken

Loan originated: 328,518
Application denied by financial institution: 125,514
Loan purchased by the institution: 105,758
Application withdrawn by applicant: 54,029
Application approved but not accepted: 34,138
File closed for incompleteness: 16,597
Preapproval request denied by financial institution: 40
Preapproval request approved but not accepted: 8

Purpose of Loans

Refinancing: 396,505
Home purchase: 208,197
Home improvement: 59,900

Mortgage Types

Conventional: 531,940
FHA-insured: 80,539
VA-guaranteed: 26,315
FSA/RHS-guaranteed: 25,808

Mortage Actions by Applicant Race

White: 536,690
Information not provided by applicant in mail, Internet, or telephone application: 59,785
Not applicable: 58,285
Asian: 4,301
American Indian or Alaska Native: 2,392
Black or African American: 2,376
Native Hawaiian or Other Pacific Islander: 773

Mortage Actions by Applicant Ethnicity

Not Hispanic or Latino: 538,868
Information not provided by applicant in mail, Internet, or telephone application: 62,521
Not applicable: 58,363
Hispanic or Latino: 4,850

Mortage Actions by Applicant Sex

Male: 391,212
Female: 177,221
Not applicable: 58,286
Information not provided by applicant in mail, Internet, or telephone application: 37,883

Mortage Actions by Agency Name

Department of Housing and Urban Development: 181,181
Office of the Comptroller of the Currency: 131,657
Federal Deposit Insurance Corporation: 117,618
Consumer Financial Protection Bureau: 107,449
National Credit Union Administration: 51,147
Office of Thrift Supervision: 38,149
Federal Reserve System: 37,401

Mortage Actions by County

Cumberland County: 186,571
York County: 136,643
Penobscot County: 62,885
Androscoggin County: 49,748
Kennebec County: 44,573
Oxford County: 26,450
Hancock County: 22,392
Sagadahoc County: 20,035
Aroostook County: 18,154
Somerset County: 18,017
Waldo County: 16,776
Knox County: 16,375
Lincoln County: 15,449
Franklin County: 11,443
Washington County: 10,721
Piscataquis County: 7,286
Unknown: 1,084

Mortage Actions by City

Portland, South Portland, Biddeford – ME: 287,789
Unknown: 209,467
Bangor – ME: 62,734
Portland, South Portland – ME: 54,878
Lewiston, Auburn – ME: 49,734

Mortage Denial Reasons

Unknown: 581,213
Collateral: 21,809
Debt-to-income ratio: 20,304
Credit history: 20,238
Other: 8,704
Credit application incomplete: 7,232
Unverifiable information: 2,309
Insufficient cash (downpayment, closing costs): 1,341
Employment history: 1,225
Mortgage insurance denied: 227

HOEPA Status of Mortage Loans

Not a HOEPA loan: 664,518
HOEPA loan: 84

Lien Status of Mortage Loans

Secured by a first lien: 511,185
Not applicable: 105,758
Secured by a subordinate lien: 33,645
Not secured by a lien: 14,014

Owner Occupancy Status of Mortage Loans

Owner-occupied as a principal dwelling: 572,747
Not owner-occupied as a principal dwelling: 86,801
Not applicable: 5,054

Mortgages by Property Type

One-to-four family dwelling (other than manufactured housing): 640,933
Manufactured housing: 21,280
Multifamily dwelling: 2,389

Mortgages by Purchaser Type

Loan was not originated or was not sold in calendar year covered by register: 381,490
Fannie Mae (FNMA): 69,888
Freddie Mac (FHLMC): 58,553
Commercial bank, savings bank or savings association: 44,165
Ginnie Mae (GNMA): 39,583
Affiliate institution: 25,477
Life insurance company, credit union, mortgage bank, or finance company: 22,788
Other type of purchaser: 18,183
Private securitization: 4,471
Farmer Mac (FAMC): 4