Lafayette Federal Credit Union · Maryland · 2025

Lafayette Federal Credit Union in Maryland: approval rate, denial rate and rates (2025)

Lafayette Federal Credit Union took 203 mortgage applications in Maryland in 2025, ranking #160 of 810 lenders active in the state. It originated 57.1% of them and denied 22.7% (27.1% of the applications it decided), against a statewide denial rate of 18.8%.

203Applicationsin MD
27.1%Decision denial ratestate 24.1%
7.50%Median ratestate 6.63%
$155,000Median loanstate $265,000
$28MVolume17 counties

Lafayette Federal Credit Union in Maryland vs the state

22.7%Denial rate+3.86 pts vs state
27.1%Decision denial rate+2.93 pts vs state
57.1%Origination rate+1.43 pts vs state
7.50%Median rate+0.88 pts vs state
0.42Rate spread (pts)+0.18 pts vs state
$176kMedian applicant income
116Loans originated
46Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231728826.7%7.88%#153
202419211118.2%8.50%#156
202520311622.7%7.50%#160

What Lafayette Federal Credit Union lends in Maryland

By loan purpose

Home purchase 37 18% · 16.2% denied
Refinance 11 5% · 18.2% denied
Cash-out refinance 53 26% · 3.8% denied
Home improvement 16 8% · 43.8% denied
Other / HELOC 86 42% · 33.7% denied

By loan type

Conventional 203 100% · 22.7% denied

Why it denied Maryland applicants

Credit history 19 41%
Debt-to-income ratio 14 30%
Other 5 11%
Collateral 3 7%
Insufficient cash 2 4%
Unverifiable information 2 4%
Incomplete application 1 2%

Where in Maryland

Counties with the most Lafayette Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Montgomery County 784417 21.8%
Prince George's County 422211 26.2%
Anne Arundel County 18123 16.7%
Howard County 1592 13.3%
Frederick County 861 12.5%
Baltimore city 724 57.1%
Worcester County 613 50.0%
Baltimore County 651 16.7%
Charles County 522 40.0%
Carroll County 530 0.0%

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: 203 applications in 2025, of which 116 were originated and 46 denied.

22.7% of all applications, or 27.1% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

The median rate on loans Lafayette Federal Credit Union originated in Maryland in 2025 was 7.50%, against a statewide median of 6.63%.

About this data. Figures are Lafayette Federal Credit Union'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