Pennymac Loan Services in Maryland vs the state
12.4%Denial rate-6.36 pts vs state
19.6%Decision denial rate-4.53 pts vs state
48.7%Origination rate-6.99 pts vs state
6.49%Median rate-0.13 pts vs state
0.35Rate spread (pts)+0.10 pts vs state
$126kMedian applicant income
2,636Loans originated
673Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,990 | 1,295 | 16.9% | 6.63% | #10 |
| 2024 | 3,886 | 1,839 | 13.4% | 6.25% | #11 |
| 2025 | 5,411 | 2,636 | 12.4% | 6.49% | #10 |
What Pennymac Loan Services lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Prince George's County | 956 | 410 | 129 | 13.5% |
| Montgomery County | 626 | 290 | 86 | 13.7% |
| Baltimore County | 607 | 283 | 76 | 12.5% |
| Anne Arundel County | 587 | 312 | 73 | 12.4% |
| Frederick County | 377 | 184 | 40 | 10.6% |
| Charles County | 322 | 148 | 49 | 15.2% |
| Baltimore city | 313 | 119 | 59 | 18.8% |
| Howard County | 266 | 137 | 25 | 9.4% |
| Harford County | 226 | 139 | 14 | 6.2% |
| Washington County | 188 | 104 | 21 | 11.2% |
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% |
| Freedom Mortgage | B | 5,078 | 7.2% | 6.25% |
Frequently asked questions
Maryland: 5,411 applications in 2025, of which 2,636 were originated and 673 denied.
12.4% of all applications, or 19.6% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans Pennymac Loan Services originated in Maryland in 2025 was 6.49%, against a statewide median of 6.63%.
About this data. Figures are Pennymac Loan Services'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