Northwest Federal Credit Union · Maryland · 2025

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

Northwest Federal Credit Union took 194 mortgage applications in Maryland in 2025, ranking #164 of 810 lenders active in the state. It originated 57.7% of them and denied 22.2% (26.4% of the applications it decided), against a statewide denial rate of 18.8%.

194Applicationsin MD
26.4%Decision denial ratestate 24.1%
7.00%Median ratestate 6.63%
$105,000Median loanstate $265,000
$21MVolume14 counties

Northwest Federal Credit Union in Maryland vs the state

22.2%Denial rate+3.36 pts vs state
26.4%Decision denial rate+2.25 pts vs state
57.7%Origination rate+2.02 pts vs state
7.00%Median rate+0.38 pts vs state
0.45Rate spread (pts)+0.20 pts vs state
$170kMedian applicant income
112Loans originated
43Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
202325314423.3%7.25%#118
202422912024.0%7.63%#138
202519411222.2%7.00%#164

What Northwest Federal Credit Union lends in Maryland

By loan purpose

Home purchase 21 11% · 9.5% denied
Refinance 7 4% · 14.3% denied
Cash-out refinance 89 46% · 23.6% denied
Home improvement 77 40% · 24.7% denied

By loan type

Conventional 194 100% · 22.2% denied

Why it denied Maryland applicants

Debt-to-income ratio 36 84%
Credit history 5 12%
Other 1 2%
Insufficient cash 1 2%

Where in Maryland

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

CountyApplicationsOriginatedDeniedDenial rate
Montgomery County 663917 25.8%
Prince George's County 462112 26.1%
Frederick County 25163 12.0%
Charles County 1394 30.8%
Anne Arundel County 1172 18.2%
Calvert County 841 12.5%
Howard County 741 14.3%
Carroll County 321 33.3%
Baltimore County 321 33.3%
Washington County 330 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: 194 applications in 2025, of which 112 were originated and 43 denied.

22.2% of all applications, or 26.4% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

The median rate on loans Northwest Federal Credit Union originated in Maryland in 2025 was 7.00%, against a statewide median of 6.63%.

About this data. Figures are Northwest 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