Fairway Independent Mortgage · Maryland · 2025

Fairway Independent Mortgage in Maryland: approval rate, denial rate and rates (2025)

Fairway Independent Mortgage took 1,526 mortgage applications in Maryland in 2025, ranking #34 of 810 lenders active in the state. It originated 73.5% of them and denied 4.8% (6.1% of the applications it decided), against a statewide denial rate of 18.8%.

1.5kApplicationsin MD
6.1%Decision denial ratestate 24.1%
6.63%Median ratestate 6.63%
$375,000Median loanstate $265,000
$460MVolume23 counties

Fairway Independent Mortgage in Maryland vs the state

4.8%Denial rate-14.02 pts vs state
6.1%Decision denial rate-18.06 pts vs state
73.5%Origination rate+17.75 pts vs state
6.63%Median rate0.00 pts vs state
0.34Rate spread (pts)+0.09 pts vs state
$125kMedian applicant income
1,121Loans originated
73Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,6591,2284.1%6.63%#27
20241,3931,0653.8%6.75%#37
20251,5261,1214.8%6.63%#34

What Fairway Independent Mortgage lends in Maryland

By loan purpose

Home purchase 1,217 80% · 4.6% denied
Refinance 185 12% · 3.8% denied
Cash-out refinance 81 5% · 7.4% denied
Home improvement 14 1% · 0.0% denied
Other / HELOC 29 2% · 13.8% denied

By loan type

Conventional 828 54% · 3.1% denied
FHA 436 29% · 7.6% denied
VA 253 17% · 5.1% denied
USDA / RHS 9 1% · 11.1% denied

Why it denied Maryland applicants

Debt-to-income ratio 18 25%
Credit history 14 19%
Other 13 18%
Collateral 11 15%
Incomplete application 5 7%
Insufficient cash 4 5%
Employment history 4 5%
Unverifiable information 3 4%
Mortgage insurance denied 1 1%

Where in Maryland

Counties with the most Fairway Independent Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Prince George's County 23915217 7.1%
Baltimore city 1741218 4.6%
Charles County 17212616 9.3%
Anne Arundel County 1701235 2.9%
Baltimore County 1681357 4.2%
Montgomery County 132993 2.3%
Harford County 97812 2.1%
Howard County 82583 3.7%
St. Mary's County 70544 5.7%
Frederick County 49382 4.1%

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: 1,526 applications in 2025, of which 1,121 were originated and 73 denied.

4.8% of all applications, or 6.1% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

The median rate on loans Fairway Independent Mortgage originated in Maryland in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Fairway Independent Mortgage'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