NFM in Maryland vs the state
1.4%Denial rate-17.39 pts vs state
1.7%Decision denial rate-22.40 pts vs state
79.7%Origination rate+23.94 pts vs state
6.63%Median rate0.00 pts vs state
0.38Rate spread (pts)+0.13 pts vs state
$122kMedian applicant income
2,255Loans originated
40Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,363 | 1,850 | 2.1% | 6.88% | #15 |
| 2024 | 2,547 | 2,005 | 1.9% | 6.88% | #17 |
| 2025 | 2,831 | 2,255 | 1.4% | 6.63% | #15 |
What NFM lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most NFM applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Baltimore County | 476 | 389 | 8 | 1.7% |
| Anne Arundel County | 456 | 379 | 2 | 0.4% |
| Baltimore city | 401 | 314 | 7 | 1.7% |
| Prince George's County | 305 | 223 | 8 | 2.6% |
| Harford County | 160 | 135 | 0 | 0.0% |
| Montgomery County | 152 | 115 | 3 | 2.0% |
| Frederick County | 142 | 120 | 1 | 0.7% |
| Charles County | 98 | 76 | 2 | 2.0% |
| Carroll County | 87 | 73 | 0 | 0.0% |
| Howard County | 83 | 64 | 3 | 3.6% |
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: 2,831 applications in 2025, of which 2,255 were originated and 40 denied.
1.4% of all applications, or 1.7% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans NFM originated in Maryland in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are NFM'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