States › Maryland
Maryland mortgage lending
Every HMDA reporter's applications, originations and denial rate for properties in Maryland, with all 24 counties.
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. Record year 2024.
Maryland had 205,620 HMDA-reported mortgage applications and 116,985 originations ($41bn) in 2024, from 382 lenders with at least 25 applications in the state.
The statewide denial rate was 24.9% (national 24.3%) and the median rate spread 0.3 percentage points (national 0.3). Originations ran at 49.5 per 1,000 households, against 48.0 nationally.
Originations in the state went from 144,305 in 2018 to 116,985 in 2024; the denial rate moved from 25.7% to 24.9%.
The most active lenders by originations were Rocket Mortgage (7,694), Navy Federal Credit Union (5,170) and United Wholesale Mortgage (4,992).
Most active lenders in Maryland
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 10,247 | 7,694 | $2.3bn | 17.0% | 0.4 |
| 2 | Navy Federal Credit Union | 11,456 | 5,170 | $1.1bn | 34.6% | 1.5 |
| 3 | United Wholesale Mortgage | 7,036 | 4,992 | $1.9bn | 16.3% | 0.1 |
| 4 | First Home Mortgage | 4,507 | 3,563 | $1.4bn | 2.9% | 0.4 |
| 5 | Truist Bank | 6,456 | 3,020 | $898m | 44.5% | 0.1 |
| 6 | M&T Bank | 4,985 | 2,700 | $619m | 37.8% | 1.3 |
| 7 | PNC Bank N.A. | 4,966 | 2,349 | $492m | 39.9% | 1.7 |
| 8 | State Employees Credit Union of Maryland | 5,266 | 2,312 | $435m | 49.2% | 0.2 |
| 9 | Bank of America NA | 6,407 | 2,283 | $536m | 51.2% | 1.7 |
| 10 | Nvr Mortgage Finance, Inc. | 3,006 | 2,198 | $1.1bn | 18.5% | -0.0 |
| 11 | NFM, Inc | 2,547 | 2,005 | $765m | 2.3% | 0.5 |
| 12 | Pennymac Loan Services LLC | 3,886 | 1,839 | $608m | 21.3% | 0.3 |
| 13 | Freedom Mortgage Corporation | 3,852 | 1,790 | $730m | 16.1% | 0.1 |
| 14 | Tower Federal Credit Union | 2,679 | 1,555 | $236m | 33.6% | -0.2 |
| 15 | TowneBank | 1,935 | 1,520 | $590m | 3.3% | 0.2 |
| 16 | Primary Residential Mortgage, INC. | 2,015 | 1,454 | $454m | 6.2% | 0.4 |
| 17 | Newrez LLC | 4,407 | 1,409 | $472m | 39.1% | 0.5 |
| 18 | First National Bank of Pa | 2,436 | 1,393 | $519m | 34.6% | -0.1 |
| 19 | RCN Capital, LLC | 1,634 | 1,368 | $278m | 6.6% | — |
| 20 | Movement Mortgage, LLC | 1,902 | 1,320 | $454m | 5.8% | 0.4 |
| 21 | Aberdeen Proving Ground FCU | 2,140 | 1,296 | $148m | 20.6% | 0.3 |
| 22 | Prosperity Home Mortgage, LLC | 1,813 | 1,291 | $561m | 10.9% | 0.3 |
| 23 | JPMorgan Chase Bank, NA | 1,849 | 1,275 | $545m | 8.7% | 0.0 |
| 24 | Mortgage Research Center | 2,792 | 1,273 | $538m | 26.2% | -0.2 |
| 25 | Sandy Spring Bank | 1,845 | 1,239 | $393m | 16.7% | 0.5 |
| 26 | Crosscountry Mortgage, LLC | 1,783 | 1,114 | $476m | 4.4% | 0.4 |
| 27 | Meridian Bank | 1,422 | 1,102 | $351m | 3.7% | 0.3 |
| 28 | Fairway Independent Mort Corp | 1,393 | 1,065 | $420m | 4.7% | 0.4 |
| 29 | Nationstar Mortgage | 1,641 | 1,062 | $219m | 18.7% | 3.1 |
| 30 | CMG Mortgage Inc | 1,480 | 1,050 | $401m | 4.6% | 0.3 |
| 31 | Direct Mortgage Loans, LLC | 1,172 | 972 | $337m | 1.3% | 0.6 |
| 32 | Shore United Bank, N.A. | 1,393 | 942 | $381m | 17.5% | 0.2 |
| 33 | Loandepot.com, LLC | 1,957 | 911 | $282m | 34.9% | 0.4 |
| 34 | First Heritage Mortgage, LLC | 1,139 | 909 | $424m | 2.1% | 0.1 |
| 35 | Spring Eq, LLC | 3,069 | 906 | $83m | 64.1% | 4.2 |
| 36 | Embrace Home Loans, Inc. | 1,239 | 864 | $399m | 10.0% | 0.4 |
| 37 | Lennar Mortgage, LLC | 1,011 | 790 | $339m | 7.7% | 0.2 |
| 38 | DHI Mortgage Company, LTD. | 1,001 | 763 | $326m | 13.1% | -0.8 |
| 39 | Ameris Bank | 991 | 719 | $176m | 8.5% | 0.1 |
| 40 | CBNA Year to Date | 1,306 | 708 | $186m | 37.2% | 1.5 |
| 41 | Guaranteed Rate, Inc. | 1,081 | 686 | $326m | 7.0% | 0.1 |
| 42 | Guild Mortgage Company | 936 | 679 | $243m | 4.5% | 0.3 |
| 43 | Bay Capital Mortgage Corporation | 824 | 667 | $255m | 5.8% | 0.2 |
| 44 | Figure Lending LLC | 1,339 | 660 | $52m | 29.3% | 4.2 |
| 45 | Fulton Bank, National Association | 1,176 | 654 | $214m | 25.6% | -0.1 |
| 46 | Pentagon Federal Credit Unioin | 1,660 | 645 | $144m | 49.0% | 0.9 |
| 47 | Bay Equity LLC | 860 | 625 | $289m | 5.0% | 0.0 |
| 48 | United Bank | 826 | 609 | $257m | 12.2% | 0.1 |
| 49 | Lower, LLC | 946 | 603 | $216m | 13.8% | 0.5 |
| 50 | Wells Fargo Bank NA | 1,320 | 572 | $245m | 36.4% | 0.0 |
| 51 | Educational Systems FCU | 1,165 | 558 | $64m | 42.9% | -3.0 |
| 52 | City Lending Inc. | 724 | 558 | $169m | 12.5% | 1.2 |
| 53 | TD Bank | 1,149 | 552 | $208m | 39.6% | 0.5 |
| 54 | New American Funding, LLC. | 2,087 | 545 | $153m | 38.0% | 0.9 |
| 55 | First Financial of Maryland Federal Credit Union | 711 | 536 | $66m | 13.2% | 0.3 |
| 56 | Atlantic Coast Mortgage, LLC | 671 | 529 | $239m | 2.2% | 0.1 |
| 57 | Kiavi Funding, Inc. | 762 | 516 | $115m | 11.4% | — |
| 58 | Primelending | 683 | 513 | $164m | 6.6% | 0.2 |
| 59 | Homespire Mortgage Corporation | 667 | 512 | $190m | 6.8% | 0.6 |
| 60 | Vellum Mortgage, Inc. | 614 | 508 | $220m | 2.3% | 0.3 |
Top 60 of 382 lenders with at least 25 applications in the state, by originations. 215 lenders have 100 or more applications here and link to a state-specific page.
Compared with the nation
| Measure | Maryland | United States |
|---|---|---|
| Denial rate | 24.9% | 24.3% |
| Median rate spread, pp | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 17.7% | 15.6% |
| Average originated loan | $348k | $329k |
| Originations per 1,000 households | 49.5 | 48.0 |
| Home purchase share of originations | 56.2% | 57.0% |
| FHA-insured share | 14.6% | 13.4% |
| VA-guaranteed share | 10.0% | 7.9% |
Trend, 2018–2024
ApplicationsOriginations
MarylandUnited States
FHA share of originationsVA share
| Year | Applications | Originations | Amount | Denial rate | FHA | VA | Refinance share |
|---|---|---|---|---|---|---|---|
| 2018 | 251,116 | 144,305 | $43bn | 25.7% | 17.0% | 9.2% | 29.9% |
| 2019 | 304,672 | 180,768 | $59bn | 21.9% | 17.3% | 11.7% | 42.2% |
| 2020 | 496,788 | 314,319 | $108bn | 15.6% | 12.5% | 13.2% | 65.1% |
| 2021 | 520,789 | 330,508 | $114bn | 15.9% | 12.1% | 11.0% | 62.8% |
| 2022 | 276,085 | 157,726 | $56bn | 23.6% | 13.3% | 8.8% | 32.5% |
| 2023 | 183,494 | 103,198 | $35bn | 26.3% | 15.2% | 8.4% | 19.6% |
| 2024 | 205,620 | 116,985 | $41bn | 24.9% | 14.6% | 10.0% | 25.0% |
Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).
Loan purpose and loan type, 2024
By purpose
Home purchase 56% (65,722)Home improvement 9% (10,658)Refinancing 11% (13,240)Cash-out refinancing 14% (16,034)Other purpose 10% (11,320)
By type
Conventional 75% (87,827)FHA 15% (17,074)VA 10% (11,675)USDA 0% (409)
Counties
| County | Applications | Originations | Per 1,000 households | Denial rate | Median spread | Lenders |
|---|---|---|---|---|---|---|
| Prince George's County | 34,172 | 16,902 | 48.6 | 31.9% | 0.4 | 168 |
| Montgomery County | 25,585 | 14,934 | 38.4 | 23.8% | 0.2 | 136 |
| Baltimore County | 24,865 | 14,205 | 42.7 | 25.4% | 0.4 | 137 |
| Anne Arundel County | 21,466 | 12,875 | 57.3 | 22.3% | 0.3 | 116 |
| Baltimore city | 18,261 | 9,394 | 36.7 | 28.6% | 0.4 | 122 |
| Frederick County | 11,151 | 6,777 | 64.8 | 21.1% | 0.3 | 88 |
| Howard County | 9,840 | 5,897 | 48.7 | 22.5% | 0.2 | 73 |
| Harford County | 9,349 | 5,772 | 56.7 | 20.7% | 0.3 | 67 |
| Charles County | 8,838 | 4,806 | 78.9 | 26.3% | 0.3 | 66 |
| Carroll County | 5,723 | 3,614 | 56.2 | 22.1% | 0.4 | 56 |
| Washington County | 5,082 | 3,007 | 50.3 | 23.9% | 0.5 | 54 |
| St. Mary's County | 4,209 | 2,583 | 60.9 | 18.1% | 0.3 | 37 |
| Calvert County | 3,869 | 2,314 | 69.1 | 20.6% | 0.3 | 41 |
| Worcester County | 3,625 | 2,227 | 92.3 | 20.8% | 0.6 | 40 |
| Cecil County | 3,629 | 2,153 | 53.0 | 22.7% | 0.4 | 36 |
| Wicomico County | 3,276 | 1,844 | 45.6 | 26.4% | 0.5 | 34 |
| Queen Anne's County | 2,339 | 1,475 | 74.1 | 21.4% | 0.3 | 23 |
| Allegany County | 1,603 | 1,018 | 37.2 | 21.2% | 0.5 | 17 |
| Talbot County | 1,299 | 842 | 51.2 | 19.2% | 0.3 | 13 |
| Dorchester County | 1,425 | 789 | 58.2 | 26.5% | 0.4 | 16 |
| Caroline County | 1,214 | 656 | 52.5 | 28.3% | 0.5 | 12 |
| Garrett County | 980 | 622 | 49.5 | 19.6% | 0.4 | 10 |
| Kent County | 723 | 434 | 51.1 | 20.9% | 0.4 | 3 |
| Somerset County | 699 | 341 | 40.8 | 30.7% | 0.6 | 5 |
By originations. Lenders: those with at least 25 applications in the county.
VA-guaranteed loans by month
VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Maryland originations by year is charted above from HMDA.
Questions and answers
Which mortgage lenders are most active in Maryland?
By 2024 originations: Rocket Mortgage (7,694), Navy Federal Credit Union (5,170), United Wholesale Mortgage (4,992), First Home Mortgage (3,563), Truist Bank (3,020). 382 lenders had at least 25 applications in the state.
What is the mortgage denial rate in Maryland?
24.9% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
How has mortgage lending in Maryland changed since 2018?
Originations went from 144,305 in 2018 to 116,985 in 2024; the denial rate moved from 25.7% to 24.9%.
Where does this data come from?
From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.