# Norway Savings Bank

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

Norway Savings Bank is a bank, headquartered in Norway, ME, serving borrowers across 2 states, with 114 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 30% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 56% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300S32ZDD67D2FB46
- **Headquarters:** Norway, ME
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** ME, NH
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 70/100
- Rating: ●●●●○ (4/5)

### Pull Through: Sound ☺️
- Score: 44/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.286%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,000
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 114
- **Dollar Volume:** $52 million
- **Applications Received:** 227
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $455,088
- **Average Borrower Income:** $222,991

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 42/100 | 104 | +0.305% | $1,003 | Sound ☺️ |
| Jumbo | 40/100 | 10 | -0.450% | $895 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 87 loans, Score: 39/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 41/100 | 97 | $47M | +0.332% | Sound ☺️ |
| Refinance | 34/100 | 17 | $5M | +0.075% | Acceptable 🙂 |

## State Performance

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

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 58 | 53/100 |
| Portland | ME | 46 | 70/100 |
| Lewiston | ME | 10 | 47/100 |

## Frequently Asked Questions

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

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

### Where does Norway Savings Bank offer mortgages?

Norway Savings Bank offers mortgages in 2 states: ME, NH.

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

Norway Savings Bank has a pricing score of 70/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.286% above market average.

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

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

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

Norway Savings Bank has a pull-through score of 44/100 (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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/norway-savings-bank

### How to Cite

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

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