First Heritage Mortgage · Maryland · 2025

First Heritage Mortgage in Maryland: approval rate, denial rate and rates (2025)

First Heritage Mortgage took 1,521 mortgage applications in Maryland in 2025, ranking #35 of 810 lenders active in the state. It originated 76.3% of them and denied 3.4% (4.3% of the applications it decided), against a statewide denial rate of 18.8%.

1.5kApplicationsin MD
4.3%Decision denial ratestate 24.1%
6.38%Median ratestate 6.63%
$455,000Median loanstate $265,000
$554MVolume20 counties

First Heritage Mortgage in Maryland vs the state

3.4%Denial rate-15.38 pts vs state
4.3%Decision denial rate-19.88 pts vs state
76.3%Origination rate+20.56 pts vs state
6.38%Median rate-0.25 pts vs state
0.12Rate spread (pts)-0.13 pts vs state
$138kMedian applicant income
1,160Loans originated
52Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
20237255631.5%6.50%#58
20241,1399091.8%6.48%#47
20251,5211,1603.4%6.38%#35

What First Heritage Mortgage lends in Maryland

By loan purpose

Home purchase 1,392 92% · 3.2% denied
Refinance 101 7% · 5.0% denied
Cash-out refinance 28 2% · 7.1% denied

By loan type

Conventional 895 59% · 2.8% denied
FHA 416 27% · 5.8% denied
VA 203 13% · 1.5% denied
USDA / RHS 7 0% · 0.0% denied

Why it denied Maryland applicants

Debt-to-income ratio 31 60%
Insufficient cash 7 13%
Collateral 6 12%
Other 3 6%
Credit history 2 4%
Employment history 2 4%
Unverifiable information 1 2%

Where in Maryland

Counties with the most First Heritage Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Prince George's County 58042927 4.7%
Montgomery County 3592849 2.5%
Frederick County 127973 2.4%
Charles County 87644 4.6%
Anne Arundel County 84720 0.0%
Baltimore city 49410 0.0%
Baltimore County 48401 2.1%
Howard County 47320 0.0%
Carroll County 39312 5.1%
Washington County 24163 12.5%

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: 1,521 applications in 2025, of which 1,160 were originated and 52 denied.

3.4% of all applications, or 4.3% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

The median rate on loans First Heritage Mortgage originated in Maryland in 2025 was 6.38%, against a statewide median of 6.63%.

About this data. Figures are First Heritage 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