Foundation Mortgage in Maryland vs the state
13.5%Denial rate-5.29 pts vs state
14.3%Decision denial rate-9.84 pts vs state
40.5%Origination rate-15.17 pts vs state
8.00%Median rate+1.38 pts vs state
3.29Rate spread (pts)+3.05 pts vs state
$132kMedian applicant income
15Loans originated
5Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6 | 4 | 16.7% | 8.63% | #557 |
| 2024 | 11 | 4 | 45.5% | 8.38% | #463 |
| 2025 | 37 | 15 | 13.5% | 8.00% | #348 |
What Foundation Mortgage lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most Foundation Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Baltimore city | 20 | 11 | 0 | 0.0% |
| Prince George's County | 3 | 1 | 0 | 0.0% |
| Garrett County | 3 | 1 | 0 | 0.0% |
| Harford County | 3 | 1 | 1 | 33.3% |
| Cecil County | 2 | 0 | 1 | 50.0% |
| Baltimore County | 2 | 0 | 1 | 50.0% |
| Calvert County | 1 | 1 | 0 | 0.0% |
| Anne Arundel County | 1 | 0 | 1 | 100.0% |
| Frederick County | 1 | 0 | 0 | 0.0% |
| Montgomery County | 1 | 0 | 1 | 100.0% |
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% |
| Bank of America | F | 6,051 | 35.8% | 6.24% |
| 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% |
Frequently asked questions
Maryland: 37 applications in 2025, of which 15 were originated and 5 denied.
13.5% of all applications, or 14.3% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans Foundation Mortgage originated in Maryland in 2025 was 8.00%, against a statewide median of 6.63%.
About this data. Figures are Foundation 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