Navy Federal Credit Union in Maryland vs the state
23.0%Denial rate+4.22 pts vs state
33.2%Decision denial rate+9.11 pts vs state
45.2%Origination rate-10.56 pts vs state
8.00%Median rate+1.38 pts vs state
1.22Rate spread (pts)+0.98 pts vs state
$142kMedian applicant income
5,163Loans originated
2,632Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 10,574 | 4,349 | 30.7% | 8.40% | #1 |
| 2024 | 11,456 | 5,170 | 24.4% | 8.75% | #1 |
| 2025 | 11,436 | 5,163 | 23.0% | 8.00% | #2 |
What Navy Federal Credit Union lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most Navy Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Prince George's County | 2,850 | 1,106 | 795 | 27.9% |
| Anne Arundel County | 1,871 | 912 | 346 | 18.5% |
| Montgomery County | 1,173 | 559 | 232 | 19.8% |
| Charles County | 889 | 422 | 228 | 25.6% |
| Baltimore County | 781 | 309 | 229 | 29.3% |
| Baltimore city | 600 | 200 | 188 | 31.3% |
| Frederick County | 589 | 309 | 122 | 20.7% |
| St. Mary's County | 558 | 297 | 91 | 16.3% |
| Howard County | 526 | 249 | 102 | 19.4% |
| Calvert County | 378 | 187 | 60 | 15.9% |
Other large lenders in Maryland
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 12,806 | 16.8% | 6.63% |
| 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% |
| Freedom Mortgage | B | 5,078 | 7.2% | 6.25% |
Frequently asked questions
Maryland: 11,436 applications in 2025, of which 5,163 were originated and 2,632 denied.
23.0% of all applications, or 33.2% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans Navy Federal Credit Union originated in Maryland in 2025 was 8.00%, against a statewide median of 6.63%.
About this data. Figures are Navy 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