# Saco & Biddeford Savings Institution

> **Canonical URL:** https://saferate.com/lenders/saco-biddeford-savings-institution


> **📋 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


Saco & Biddeford Savings Institution is a bank, headquartered in Saco, ME, with 110 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 55% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 47% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493008KJFFG6PYZ5914
- **Headquarters:** Saco, ME
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** ME
- **Markets (MSAs):** 1
- **Primary Channel:** mix
- **Direct Origination:** 65.9%
- **Brokered/Wholesale:** 34.1%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 45/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 53/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.258%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,426
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 110
- **Dollar Volume:** $59 million
- **Applications Received:** 185
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $531,818
- **Average Borrower Income:** $288,682
- **Average Property Value:** $714,727

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 43/100 | 92 | +0.320% | $1,454 | Sound ☺️ |
| Jumbo | 69/100 | 18 | -0.054% | $1,288 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 89 loans, Score: 45/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 48/100 | 107 | $57M | +0.254% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| ME | 110 | 0.72% | 76/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Portland | ME | 104 | 84/100 |

## Where This Lender Ranks

Saco & Biddeford Savings Institution appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#9** in Portland for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/portland/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#13** in Maine for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#13** in Portland for Jumbo Loans
  - [View Full Rankings](https://saferate.com/portland/best-mortgage-lenders/jumbo-loans)
- 🏆 **#14** in Portland Banks
  - [View Full Rankings](https://saferate.com/portland/best-mortgage-lenders/banks)
- 🏆 **#17** in Portland for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/portland/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#18** in Maine for Jumbo Loans
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/jumbo-loans)
- 🏆 **#19** in Maine Banks
  - [View Full Rankings](https://saferate.com/maine/best-mortgage-lenders/banks)

## Frequently Asked Questions

### What loan types does Saco & Biddeford Savings Institution offer?

Saco & Biddeford Savings Institution offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Saco & Biddeford Savings Institution offer mortgages?

Saco & Biddeford Savings Institution offers mortgages in 1 states: ME.

### How competitive are Saco & Biddeford Savings Institution's mortgage rates?

Saco & Biddeford Savings Institution has a pricing score of 45/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.258% above market average.

### What type of lender is Saco & Biddeford Savings Institution?

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

### What is Saco & Biddeford Savings Institution's loan approval success rate?

Saco & Biddeford Savings Institution has a pull-through score of 53/100 (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/saco-biddeford-savings-institution

### How to Cite

> "Saco & Biddeford Savings Institution Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/saco-biddeford-savings-institution

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