# Machias Savings Bank

> **Canonical URL:** https://saferate.com/lenders/machias-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


Machias Savings Bank is a bank, headquartered in Machias, ME, with 179 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 48% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 43% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300P0GXZAWI355052
- **Headquarters:** Machias, ME
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** ME
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 52/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 57/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.361%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,275
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 179
- **Dollar Volume:** $44 million
- **Applications Received:** 269
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $246,006
- **Average Borrower Income:** $133,978
- **Average Property Value:** $346,955

## Safe Rate Awards 🏆

- ⭐ **USDA Gold Superstar** (78%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 50/100 | 142 | +0.552% | $1,510 | Sound ☺️ |
| USDA | 80/100 | 32 | -0.401% | $316 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 122 loans, Score: 50/100 (Sound)
- Refinance: 20 loans, Score: 38/100 (Acceptable)

**USDA:**
- Purchase: 32 loans, Score: 80/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 51/100 | 159 | $41M | +0.302% | Sound ☺️ |
| Refinance | 37/100 | 20 | $3M | +0.754% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| ME | 179 | 1.17% | 81/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 142 | 65/100 |
| Bangor, ME | ME | 24 | 62/100 |
| Portland | ME | 12 | 48/100 |

## Where This Lender Ranks

Machias Savings Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Maine for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/banks/usda-loans)
- 🏆 **#4** in Maine for USDA Loans
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/usda-loans)
- 🏆 **#4** in Bangor, ME Banks
  - [View Full Rankings](https://saferate.com/bangor-me/best-mortgage-lenders/banks)
- 🏆 **#5** in Bangor, ME for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/bangor-me/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#12** in Bangor, ME
  - [View Full Rankings](https://saferate.com/bangor-me/best-mortgage-lenders)
- 🏆 **#15** in Maine Banks
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/banks)
- 🏆 **#16** in Maine for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#19** in Maine for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

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

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

### Where does Machias Savings Bank offer mortgages?

Machias Savings Bank offers mortgages in 1 states: ME.

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

Machias Savings Bank has a pricing score of 52/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.361% above market average.

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

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

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

Machias Savings Bank has a pull-through score of 57/100 (Sound). 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/machias-savings-bank

### How to Cite

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

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