Howard County, MD: mortgage lenders, denial rate and originations, 2024

States › Maryland › Howard County

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

Howard County, Maryland, saw 9,840 HMDA-reported applications and 5,897 originations ($2.7bn) in 2024.

That is 48.7 originations per 1,000 households, against 49.5 for Maryland and 48.0 nationally.

The county's denial rate was 22.5%, below the state rate of 24.9%. The median rate spread on originated loans was 0.2 percentage points and 14.6% of originations were 1.5 points or more above the average prime offer rate.

73 lenders reached 25 applications in the county; the most active by originations were Rocket Mortgage (388), Navy Federal Credit Union (237) and United Wholesale Mortgage (234).

Originations were up 11% on 2023.

9,840applications, 2024

5,897loans originated$2.7bn

22.5%denial rateMD 24.9% · US 24.3%

48.7originations per 1,000 householdsMD 49.5 · US 48.0

Most active lenders

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	Rocket Mortgage	501	388	$154m	12.8%	—
2	Navy Federal Credit Union	462	237	$66m	27.3%	—
3	United Wholesale Mortgage	317	234	$115m	11.6%	—
4	Tower Federal Credit Union	323	194	$37m	29.1%	—
5	Nvr Mortgage Finance, Inc.	259	187	$120m	19.4%	—
6	State Employees Credit Union of Maryland	387	175	$52m	47.1%	—
7	Truist Bank	326	172	$65m	34.9%	—
8	Bank of America NA	429	167	$46m	45.0%	—
9	M&T Bank	257	147	$48m	35.4%	—
10	First Home Mortgage	182	144	$66m	2.0%	—
11	First National Bank of Pa	204	138	$81m	21.6%	—
12	APL Federal Credit Union	136	132	$13m	0.8%	—
13	Pennymac Loan Services LLC	203	119	$50m	18.1%	—
14	TowneBank	128	101	$45m	3.8%	—
15	Prosperity Home Mortgage, LLC	118	92	$44m	7.1%	—
16	Fulton Bank, National Association	142	91	$42m	21.7%	—
17	Sandy Spring Bank	137	91	$25m	20.9%	—
18	PNC Bank N.A.	187	83	$17m	38.3%	—
19	Lennar Mortgage, LLC	98	69	$36m	5.5%	—
20	Newrez LLC	214	68	$26m	33.3%	—
21	Freedom Mortgage Corporation	144	66	$34m	12.2%	—
22	JPMorgan Chase Bank, NA	103	66	$39m	8.3%	—
23	Meridian Bank	72	65	$27m	3.0%	—
24	NFM, Inc	88	64	$28m	0.0%	—
25	Crosscountry Mortgage, LLC	83	60	$30m	1.6%	—
26	CBNA Year to Date	97	59	$19m	27.1%	—
27	Nationstar Mortgage	79	55	$13m	19.1%	—
28	Primary Residential Mortgage, INC.	71	54	$22m	5.3%	—
29	Embrace Home Loans, Inc.	67	49	$27m	7.5%	—
30	Provident Funding Associates	61	47	$25m	2.1%	—
31	Spring Eq, LLC	160	46	$4.7m	64.4%	—
32	Pentagon Federal Credit Unioin	95	46	$12m	39.7%	—
33	Guaranteed Rate, Inc.	66	46	$22m	6.0%	—
34	Fairway Independent Mort Corp	59	46	$21m	8.0%	—
35	Loandepot.com, LLC	87	44	$17m	36.6%	—
36	TD Bank	74	44	$19m	22.4%	—
37	SWBC Mortgage Corporation	58	43	$18m	4.1%	—
38	Shore United Bank, N.A.	62	42	$24m	4.3%	—
39	Guild Mortgage Company	57	41	$21m	4.4%	—
40	Bay Equity LLC	55	41	$19m	2.4%	—

Lenders with at least 25 applications in the county, by originations; up to 40 shown of 73. Denial rate is denials over decided applications in this county.

Compared with Maryland and the nation

Measure	This county	Maryland	United States
Denial rate	22.5%	24.9%	24.3%
Median rate spread, pp	0.2	0.3	0.3
Originations with spread of 1.5 pp or more	14.6%	17.7%	15.6%
Average originated loan	$462k	$348k	$329k
Originations per 1,000 households	48.7	49.5	48.0
Home purchase share of originations	55.6%	56.2%	57.0%
FHA-insured share	6.3%	14.6%	13.4%
VA-guaranteed share	7.4%	10.0%	7.9%

Rate spread distribution

Below 0 pp36.4%

0 to 0.5 pp29.9%

0.5 to 1 pp12.7%

1 to 1.5 pp6.4%

1.5 to 3 pp8.5%

3 or more pp6.1%

Share of 5,634 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Maryland). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.

Loan purpose and loan type

By purpose

Home purchase 56% (3,276)Home improvement 11% (663)Refinancing 12% (724)Cash-out refinancing 11% (648)Other purpose 10% (586)

By type

Conventional 86% (5,090)FHA 6% (370)VA 7% (437)

Trend by year

ApplicationsOriginations

Applications and originations in Howard County, 2022–2024

This countyMaryland

Denial rate by year, state rate dashed

Questions and answers

Which lenders are most active in Howard County, MD?

By 2024 originations: Rocket Mortgage (388), Navy Federal Credit Union (237), United Wholesale Mortgage (234), Tower Federal Credit Union (194), Nvr Mortgage Finance, Inc. (187). 73 lenders had at least 25 applications in the county.

What is the mortgage denial rate in Howard County?

22.5% of decided applications were denied in 2024, against 24.9% across Maryland and 24.3% nationally.

How many mortgages were originated in Howard County in 2024?

5,897 loans totalling $2.7bn, from 9,840 applications; 48.7 originations per 1,000 households.

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 24027; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.