Home improvement loan lenders in Penobscot County, Maine
Fat Boy Data analyzed home improvement loan activity in Penobscot County, Maine to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 1,723 applications were decided by 71 lenders between 2023 and 2025.
Penobscot County at a glance
How Penobscot County compares
What the data shows
Bangor Savings Bank made the most home improvement loans in Penobscot County, ME, 348 of them.
That is 29% of every home improvement loan originated here, so this market is unusually concentrated in one lender.
SEBASTICOOK VALLEY Federal Credit Union approved the highest share of applications among lenders with at least 20 decisions here, 100% of 49.
The typical home improvement loan here is $55K, 27% smaller than the Maine typical of $75K.
Only 1 lender here typically writes at or below $35K: University Credit Union.
Each dot is one lender, placed at its approval rate. Hover for the name and sample size.
Home improvement loan lenders in Penobscot County
| Lender | Approval | Approved | Taken up | Typical loan | Loans made | |
|---|---|---|---|---|---|---|
| 1 | Bangor Savings Bank | 77% | 349 / 455 | 100% | $55K | 348 |
| 2 | Maine Savings Federal Credit Union | 79% | 306 / 385 | 83% | $55K | 254 |
| 3 | The Camden National Bank | 81% | 105 / 129 | 99% | $105K | 104 |
| 4 | Machias Savings Bank | 68% | 48 / 71 | 98% | $75K | 47 |
| 5 | University Credit Union | 88% | 56 / 64 | 96% | $35K | 54 |
Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.
Fat Boy found 66 more lenders.
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You are seeing the 5 largest home improvement loan lenders in Penobscot County. Unlock every lender who decided one of these loans here, what they approved, how much borrowers actually took, and how far the nearest office is.
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