Apple Federal Credit Union · Maryland · 2025

Apple Federal Credit Union in Maryland: approval rate, denial rate and rates (2025)

Apple Federal Credit Union took 202 mortgage applications in Maryland in 2025, ranking #162 of 810 lenders active in the state. It originated 36.1% of them and denied 39.6% (52.3% of the applications it decided), against a statewide denial rate of 18.8%.

202Applicationsin MD
52.3%Decision denial ratestate 24.1%
7.49%Median ratestate 6.63%
$105,000Median loanstate $265,000
$14MVolume17 counties

Apple Federal Credit Union in Maryland vs the state

39.6%Denial rate+20.80 pts vs state
52.3%Decision denial rate+28.16 pts vs state
36.1%Origination rate-19.57 pts vs state
7.49%Median rate+0.87 pts vs state
0.99Rate spread (pts)+0.74 pts vs state
$145kMedian applicant income
73Loans originated
80Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231535244.4%8.50%#163
20242108335.2%8.74%#148
20252027339.6%7.49%#162

What Apple Federal Credit Union lends in Maryland

By loan purpose

Home purchase 18 9% · 5.6% denied
Refinance 5 2% · 80.0% denied
Cash-out refinance 8 4% · 37.5% denied
Home improvement 103 51% · 46.6% denied
Other / HELOC 68 34% · 35.3% denied

By loan type

Conventional 202 100% · 39.6% denied

Why it denied Maryland applicants

Credit history 40 50%
Debt-to-income ratio 22 28%
Collateral 14 18%
Other 2 3%
Employment history 1 1%
Unverifiable information 1 1%

Where in Maryland

Counties with the most Apple Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Prince George's County 712530 42.3%
Montgomery County 352010 28.6%
Anne Arundel County 1766 35.3%
Charles County 1648 50.0%
Frederick County 1353 23.1%
Howard County 1134 36.4%
Worcester County 613 50.0%
St. Mary's County 511 20.0%
Baltimore city 514 80.0%
Baltimore County 512 40.0%

Other large lenders in Maryland

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 12,80616.8%6.63%
Navy Federal Credit UnionD 11,43623.0%8.00%
United Shore Financial ServicesB 9,30716.0%6.13%
Truist BankC 6,55934.9%6.49%
Bank of AmericaF 6,05135.8%6.24%
NewrezD 5,73921.0%6.63%
State Employees Credit Union of MarylandD 5,62444.6%6.25%
PNC BankD 5,58228.0%7.41%
Manufacturers and Traders TrustC 5,49732.0%5.99%
Pennymac Loan ServicesC 5,41112.4%6.49%

Frequently asked questions

Maryland: 202 applications in 2025, of which 73 were originated and 80 denied.

39.6% of all applications, or 52.3% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

The median rate on loans Apple Federal Credit Union originated in Maryland in 2025 was 7.49%, against a statewide median of 6.63%.

About this data. Figures are Apple Federal Credit Union's own HMDA filing for properties located in Maryland, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology