Mortgage Refinancing in Maine
Real refinance data for Maine from federal sources, updated annually. See how your state compares to national averages.
Refinance Originations
2,219
2023 HMDA data
Avg Loan Amount
$209,498
National: $410,429
Denial Rate
24.14%
▲ Below national avg
Median Home Value
$266,400
U.S. Census Bureau
Source: HMDA 2023 via CFPB, U.S. Census Bureau ACS
Calculate your refinance savingsRefinance Trends in Maine
Originations by Year
Refinance originations in Maine by year. Source: HMDA via CFPB.
Loan Type Breakdown
Includes all refinance applications (originated, denied, and other outcomes). Source: HMDA via CFPB.
Home Price Trends in Maine
Source: FHFA House Price Index
Top Lenders in Maine
| # | Lender | HMDA Records | Avg Loan |
|---|---|---|---|
| 1 | Bangor Savings Bank | 5,465 | - |
| 2 | Bangor Savings Bank | 3,802 | - |
| 3 | The Camden National Bank | 2,967 | - |
| 4 | Rocket Mortgage LLC | 2,717 | - |
| 5 | The Camden National Bank | 2,068 | - |
| 6 | Guild Mortgage Company | 1,946 | - |
| 7 | Kennebec Savings Bank | 1,914 | - |
| 8 | United Shore Financial Services LLC | 1,869 | - |
| 9 | Rocket Mortgage LLC | 1,721 | - |
| 10 | Td Bank National Association | 1,690 | - |
Ranked by total HMDA filings in the state (2023). Source: HMDA via CFPB.
Compare all lenders →How Maine Compares
| Metric | Maine | National Avg |
|---|---|---|
| Refinance Originations | 2,219 | 435,709 |
| Avg Loan Amount | $209,498 | $410,429 |
| Denial Rate | 24.14% | 27.87% |
Green indicates the state performs better than the national average. Red indicates worse. Source: HMDA 2023, U.S. Census Bureau.
Current Mortgage Rates
30-Year Fixed
6.38%
▲ 6.22% prev
15-Year Fixed
5.75%
▲ 5.54% prev
5/1 ARM
6.06%
▲ 5.95% prev
National average rates updated daily from FRED (Federal Reserve Bank of St. Louis). Your rate depends on your credit score, loan amount, and lender.
Get personalized rates →Frequently Asked Questions
How many people refinanced in Maine in 2023?
In 2023, there were 2,219 refinance originations in Maine, according to HMDA data reported to the CFPB.
What is the average refinance loan amount in Maine?
The average refinance loan amount in Maine was $209,498 in 2023. This reflects originated loans reported through HMDA.
What is the refinance denial rate in Maine?
The refinance denial rate in Maine was 24.14% in 2023. This is calculated from originated and denied applications reported to the CFPB.
What are the top refinance lenders in Maine?
The most active lenders in Maine by HMDA filing volume include Bangor Savings Bank, Bangor Savings Bank, The Camden National Bank. See the full list above for details.
Is it a good time to refinance in Maine?
Whether refinancing makes sense depends on your current rate, loan balance, and how long you plan to stay in your home. Use our refinance calculator and break-even calculator to estimate your potential savings based on current national rates.
Want a deeper analysis?
Read our full editorial guide on refinancing in Maine, including tips, regulations, and state programs.
Read the Maine Refinance GuideData sourced from HMDA (Home Mortgage Disclosure Act) via the CFPB and FRED (Federal Reserve Bank of St. Louis). Demographics from the U.S. Census Bureau American Community Survey. This page is for educational purposes only and does not constitute financial advice. Consult a licensed mortgage professional for personalized guidance.