# Bangor Savings Bank

> **Canonical URL:** https://saferate.com/lenders/bangor-savings-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Bangor Savings Bank is a bank, headquartered in Bangor, ME, serving borrowers across 7 states, with 1,340 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 15% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 23% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300JEBULFT3BSU682
- **Headquarters:** Bangor, ME
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** CT, FL, MA, ME, NC, NH, VT
- **Markets (MSAs):** 7
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 85/100
- Rating: ●●●●● (5/5)

### Pull Through: Strong 😀
- Score: 77/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.099%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,267
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,340
- **Dollar Volume:** $461 million
- **Applications Received:** 1,802
- **Market Share:** 4.00%

## Typical Borrower Profile

- **Average Loan Amount:** $343,746
- **Average Borrower Income:** $146,383
- **Average Property Value:** $465,381

## Safe Rate Awards 🏆

- 💎 **Conventional Diamond Champion** (84%)
- 💎 **USDA Diamond Champion** (84%)
- 💎 **Purchase Diamond Champion** (84%)
- ⭐ **FHA Gold Superstar** (78%)
- ⭐ **VA Gold Superstar** (64%)
- ⭐ **Jumbo Gold Superstar** (63%)
- ⭐ **Refinance Gold Superstar** (78%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 81/100 | 1,112 | -0.089% | $1,278 | Exceptional 🤩 |
| FHA | 71/100 | 89 | +0.000% | $1,299 | Strong 😀 |
| VA | 67/100 | 25 | -0.557% | $1,643 | Strong 😀 |
| Jumbo | 75/100 | 44 | +0.297% | $542 | Strong 😀 |
| USDA | 86/100 | 70 | -0.426% | $1,151 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 961 loans, Score: 81/100 (Exceptional)
- Refinance: 151 loans, Score: 73/100 (Strong)

**FHA:**
- Purchase: 86 loans, Score: 70/100 (Strong)

**VA:**
- Purchase: 24 loans, Score: 67/100 (Strong)

**Jumbo:**
- Purchase: 41 loans, Score: 76/100 (Strong)

**USDA:**
- Purchase: 70 loans, Score: 86/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 81/100 | 1,182 | $414M | -0.052% | Exceptional 🤩 |
| Refinance | 72/100 | 158 | $47M | -0.432% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| ME | 1,178 | 7.68% | 100/100 |
| NH | 110 | 0.71% | 71/100 |
| MA | 32 | 0.05% | 50/100 |
| FL | 12 | 0.00% | 34/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 478 | 73/100 |
| Portland | ME | 462 | 100/100 |
| Bangor, ME | ME | 224 | 100/100 |
| Lewiston | ME | 61 | 81/100 |
| Rockingham County | NH | 41 | 63/100 |
| Manchester | NH | 26 | 57/100 |
| Cambridge | MA | 24 | 50/100 |

## Where This Lender Ranks

Bangor Savings Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Maine
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders)
- 🥇 **#1** in Maine Banks
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/banks)
- 🥇 **#1** in Maine for Conventional Loans
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Maine for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Maine for FHA Loans
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Maine for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Maine for USDA Loans
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Maine for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Portland
  - [View Full Rankings](https://saferate.com/portland/best-mortgage-lenders)
- 🥇 **#1** in Portland Banks
  - [View Full Rankings](https://saferate.com/portland/best-mortgage-lenders/banks)
- 🥇 **#1** in Portland for Conventional Loans
  - [View Full Rankings](https://saferate.com/portland/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Portland for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/portland/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Portland for FHA Loans
  - [View Full Rankings](https://saferate.com/portland/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Portland for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/portland/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Portland for USDA Loans
  - [View Full Rankings](https://saferate.com/portland/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Portland for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/portland/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Bangor, ME
  - [View Full Rankings](https://saferate.com/bangor-me/best-mortgage-lenders)
- 🥇 **#1** in Bangor, ME Banks
  - [View Full Rankings](https://saferate.com/bangor-me/best-mortgage-lenders/banks)
- 🥇 **#1** in Bangor, ME for Conventional Loans
  - [View Full Rankings](https://saferate.com/bangor-me/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Bangor, ME for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/bangor-me/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Bangor Savings Bank offer?

Bangor Savings Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Bangor Savings Bank offer mortgages?

Bangor Savings Bank offers mortgages in 7 states: CT, FL, MA, ME, NC, NH, VT.

### How competitive are Bangor Savings Bank's mortgage rates?

Bangor Savings Bank has a pricing score of 85/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.099% below market average.

### What type of lender is Bangor Savings Bank?

Bangor Savings Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Bangor, ME.

### What is Bangor Savings Bank's loan approval success rate?

Bangor Savings Bank has a pull-through score of 77/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/bangor-savings-bank

### How to Cite

> "Bangor Savings Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/bangor-savings-bank

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