Safe Rate Rankings

Best Conventional Mortgage Bank Lenders in Maine

Updated February 6, 2026

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders21

Total Loans14,762

Median Rate Spread0.34%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Bangor Savings BankBank	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$1,277Fees	0.104%Below	1,178
2	Leader Bank, National AssociationBank	Exceptional	Exceptional	Exceptional	Strong	Sound	$1,148Fees	0.042%Above	35
3	The Camden National BankBank	Exceptional	Strong	Strong	Strong	Exceptional	$1,038Fees	0.079%Above	647
4	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Strong	$760Fees	0.110%Above	153
5	KeyBank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Strong	$2,124Fees	0.234%Above	112
6	Androscoggin Savings BankBank	Exceptional	Strong	Sound	Strong	Exceptional	$1,847Fees	0.124%Above	240
7	Bank of America, National AssociationBank	Exceptional	Strong	Exceptional	Strong	Sound	$2,454Fees	0.017%Below	74
8	Morgan Stanley Private Bank, National AssociationBank	Exceptional	Exceptional	Strong	Sound	Sound	$299Fees	0.433%Below	39
9	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Exceptional	Strong	Strong	$2,914Fees	0.338%Above	82
10	Wells Fargo Bank, National AssociationBank	Strong	Strong	Exceptional	Sound	Sound	$2,524Fees	0.115%Above	45
11	Citizens Bank, National AssociationBank	Strong	Strong	Exceptional	Sound	Sound	$2,179Fees	0.183%Above	42
12	Kennebec Savings BankBank	Strong	Sound	Strong	Sound	Exceptional	$59Fees	0.582%Above	388
13	Bath Savings InstitutionBank	Strong	Strong	Sound	Sound	Strong	$1,232Fees	0.400%Below	145
14	Manufacturers and Traders Trust CompanyBank	Strong	Sound	Exceptional	Strong	Sound	$1,679Fees	0.105%Above	31
15	TD Bank, National AssociationBank	Strong	Sound	Strong	Sound	Strong	$783Fees	0.401%Above	138
16	Norway Savings BankBank	Strong	Strong	Sound	Acceptable	Strong	$1,005Fees	0.271%Above	110
17	USAA Federal Savings BankBank	Strong	Sound	Strong	Acceptable	Strong	$2,067Fees	0.155%Below	86
18	Bar Harbor Bank & TrustBank	Strong	Sound	Sound	Sound	Strong	$1,333Fees	0.607%Above	82
19	Machias Savings BankBank	Strong	Acceptable	Sound	Sound	Exceptional	$1,275Fees	0.361%Above	179
20	First National BankBank	Strong	Acceptable	Sound	Sound	Exceptional	$601Fees	0.602%Above	175
21	Saco & Biddeford Savings InstitutionBank	Strong	Sound	Sound	Acceptable	Strong	$1,426Fees	0.258%Above	110

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.