Citizens Bank · Maryland · 2025

Citizens Bank in Maryland: approval rate, denial rate and rates (2025)

Citizens Bank took 1,457 mortgage applications in Maryland in 2025, ranking #40 of 810 lenders active in the state. It originated 51.1% of them and denied 32.8% (38.2% of the applications it decided), against a statewide denial rate of 18.8%.

1.5kApplicationsin MD
38.2%Decision denial ratestate 24.1%
8.40%Median ratestate 6.63%
$155,000Median loanstate $265,000
$221MVolume24 counties

Citizens Bank in Maryland vs the state

32.8%Denial rate+14.01 pts vs state
38.2%Decision denial rate+14.08 pts vs state
51.1%Origination rate-4.58 pts vs state
8.40%Median rate+1.78 pts vs state
1.11Rate spread (pts)+0.86 pts vs state
$138kMedian applicant income
745Loans originated
478Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,0741,03639.0%8.50%#20
20241,30670833.5%9.40%#41
20251,45774532.8%8.40%#40

What Citizens Bank lends in Maryland

By loan purpose

Home purchase 209 14% · 17.2% denied
Refinance 306 21% · 29.7% denied
Cash-out refinance 26 2% · 3.9% denied
Home improvement 493 34% · 37.9% denied
Other / HELOC 423 29% · 38.5% denied

By loan type

Conventional 1,440 99% · 33.0% denied
FHA 10 1% · 30.0% denied
VA 7 0% · 0.0% denied

Why it denied Maryland applicants

Debt-to-income ratio 265 55%
Collateral 98 21%
Credit history 56 12%
Other 37 8%
Unverifiable information 11 2%
Employment history 6 1%
Incomplete application 4 1%
Insufficient cash 1 0%

Where in Maryland

Counties with the most Citizens Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Montgomery County 424227126 29.7%
Prince George's County 1877482 43.9%
Baltimore County 1306941 31.5%
Anne Arundel County 1256543 34.4%
Howard County 854725 29.4%
Baltimore city 793435 44.3%
Frederick County 774223 29.9%
Charles County 392113 33.3%
Cecil County 35245 14.3%
Washington County 341411 32.4%

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: 1,457 applications in 2025, of which 745 were originated and 478 denied.

32.8% of all applications, or 38.2% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

The median rate on loans Citizens Bank originated in Maryland in 2025 was 8.40%, against a statewide median of 6.63%.

About this data. Figures are Citizens Bank'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