Carrington Mortgage Services · Maryland · 2025

Carrington Mortgage Services in Maryland: approval rate, denial rate and rates (2025)

Carrington Mortgage Services took 1,617 mortgage applications in Maryland in 2025, ranking #33 of 810 lenders active in the state. It originated 24.9% of them and denied 51.7% (60.9% of the applications it decided), against a statewide denial rate of 18.8%.

1.6kApplicationsin MD
60.9%Decision denial ratestate 24.1%
6.87%Median ratestate 6.63%
$235,000Median loanstate $265,000
$97MVolume24 counties

Carrington Mortgage Services in Maryland vs the state

51.7%Denial rate+32.90 pts vs state
60.9%Decision denial rate+36.80 pts vs state
24.9%Origination rate-30.85 pts vs state
6.87%Median rate+0.25 pts vs state
0.93Rate spread (pts)+0.68 pts vs state
$107kMedian applicant income
402Loans originated
836Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,38833253.6%6.63%#32
20241,32634448.9%6.63%#39
20251,61740251.7%6.87%#33

What Carrington Mortgage Services lends in Maryland

By loan purpose

Home purchase 126 8% · 22.2% denied
Refinance 189 12% · 54.5% denied
Cash-out refinance 1,301 80% · 54.1% denied
Other / HELOC 1 0% · 100.0% denied

By loan type

Conventional 775 48% · 49.4% denied
FHA 648 40% · 54.6% denied
VA 194 12% · 51.0% denied

Why it denied Maryland applicants

Incomplete application 611 73%
Credit history 71 8%
Other 63 8%
Debt-to-income ratio 44 5%
Collateral 31 4%
Unverifiable information 8 1%
Insufficient cash 5 1%
Employment history 3 0%

Where in Maryland

Counties with the most Carrington Mortgage Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Prince George's County 45292266 58.8%
Baltimore County 20852108 51.9%
Anne Arundel County 1594074 46.5%
Baltimore city 1523482 53.9%
Montgomery County 1303164 49.2%
Charles County 1082754 50.0%
Frederick County 601631 51.7%
Harford County 471821 44.7%
Carroll County 421218 42.9%
Washington County 351413 37.1%

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: 1,617 applications in 2025, of which 402 were originated and 836 denied.

51.7% of all applications, or 60.9% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

The median rate on loans Carrington Mortgage Services originated in Maryland in 2025 was 6.87%, against a statewide median of 6.63%.

About this data. Figures are Carrington Mortgage Services'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