Bank of America in Maryland vs the state
35.8%Denial rate+17.01 pts vs state
48.5%Decision denial rate+24.33 pts vs state
37.3%Origination rate-18.44 pts vs state
6.24%Median rate-0.38 pts vs state
1.41Rate spread (pts)+1.17 pts vs state
$124kMedian applicant income
2,255Loans originated
2,167Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 7,341 | 2,410 | 51.8% | 7.13% | #3 |
| 2024 | 6,407 | 2,283 | 39.1% | 6.99% | #5 |
| 2025 | 6,051 | 2,255 | 35.8% | 6.24% | #5 |
What Bank of America lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Montgomery County | 1,182 | 488 | 357 | 30.2% |
| Prince George's County | 901 | 246 | 427 | 47.4% |
| Baltimore County | 881 | 327 | 307 | 34.8% |
| Anne Arundel County | 610 | 260 | 204 | 33.4% |
| Baltimore city | 494 | 179 | 200 | 40.5% |
| Howard County | 466 | 199 | 131 | 28.1% |
| Frederick County | 305 | 117 | 94 | 30.8% |
| Harford County | 219 | 79 | 83 | 37.9% |
| Carroll County | 187 | 86 | 52 | 27.8% |
| Charles County | 132 | 44 | 61 | 46.2% |
Other large lenders in Maryland
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 12,806 | 16.8% | 6.63% |
| Navy Federal Credit Union | D | 11,436 | 23.0% | 8.00% |
| United Shore Financial Services | B | 9,307 | 16.0% | 6.13% |
| Truist Bank | C | 6,559 | 34.9% | 6.49% |
| Newrez | D | 5,739 | 21.0% | 6.63% |
| State Employees Credit Union of Maryland | D | 5,624 | 44.6% | 6.25% |
| PNC Bank | D | 5,582 | 28.0% | 7.41% |
| Manufacturers and Traders Trust | C | 5,497 | 32.0% | 5.99% |
| Pennymac Loan Services | C | 5,411 | 12.4% | 6.49% |
| Freedom Mortgage | B | 5,078 | 7.2% | 6.25% |
Frequently asked questions
Maryland: 6,051 applications in 2025, of which 2,255 were originated and 2,167 denied.
35.8% of all applications, or 48.5% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans Bank of America originated in Maryland in 2025 was 6.24%, against a statewide median of 6.63%.
About this data. Figures are Bank of America'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