Peoples Bank · Maryland · 2025

Peoples Bank in Maryland: approval rate, denial rate and rates (2025)

Peoples Bank took 10 mortgage applications in Maryland in 2025, ranking #471 of 810 lenders active in the state. It originated 70.0% of them and denied 20.0% (20.0% of the applications it decided), against a statewide denial rate of 18.8%.

10Applicationsin MD
20.0%Decision denial ratestate 24.1%
7.00%Median ratestate 6.63%
$215,000Median loanstate $265,000
$1.2MVolume7 counties

Peoples Bank in Maryland vs the state

20.0%Denial rate+1.20 pts vs state
20.0%Decision denial rate-4.13 pts vs state
70.0%Origination rate+14.29 pts vs state
7.00%Median rate+0.38 pts vs state
0.06Rate spread (pts)-0.19 pts vs state
$150kMedian applicant income
7Loans originated
2Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
202410620.0%8.50%#478
202510720.0%7.00%#471

What Peoples Bank lends in Maryland

By loan purpose

Home purchase 3 30% · 0.0% denied
Cash-out refinance 3 30% · 33.3% denied
Home improvement 3 30% · 33.3% denied
Other / HELOC 1 10% · 0.0% denied

By loan type

Conventional 10 100% · 20.0% denied

Why it denied Maryland applicants

Incomplete application 1 50%
Debt-to-income ratio 1 50%

Where in Maryland

Counties with the most Peoples Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Prince George's County 321 33.3%
Montgomery County 201 50.0%
Dorchester County 110 0.0%
Washington County 110 0.0%
Anne Arundel County 110 0.0%
Baltimore city 110 0.0%
St. Mary's County 110 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: 10 applications in 2025, of which 7 were originated and 2 denied.

20.0% of all applications, or 20.0% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

The median rate on loans Peoples Bank originated in Maryland in 2025 was 7.00%, against a statewide median of 6.63%.

About this data. Figures are Peoples Bank'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