Quorum Federal Credit Union · Maryland · 2025

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

Quorum Federal Credit Union took 223 mortgage applications in Maryland in 2025, ranking #149 of 810 lenders active in the state. It originated 50.2% of them and denied 33.2% (35.1% of the applications it decided), against a statewide denial rate of 18.8%.

223Applicationsin MD
35.1%Decision denial ratestate 24.1%
9.63%Median ratestate 6.63%
$105,000Median loanstate $265,000
$15MVolume19 counties

Quorum Federal Credit Union in Maryland vs the state

33.2%Denial rate+14.38 pts vs state
35.1%Decision denial rate+10.94 pts vs state
50.2%Origination rate-5.49 pts vs state
9.63%Median rate+3.00 pts vs state
2.37Rate spread (pts)+2.12 pts vs state
$158kMedian applicant income
112Loans originated
74Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023331151.5%11.25%#339
2024864138.4%10.38%#232
202522311233.2%9.63%#149

What Quorum Federal Credit Union lends in Maryland

By loan purpose

Home purchase 11 5% · 27.3% denied
Refinance 27 12% · 59.3% denied
Cash-out refinance 172 77% · 29.1% denied
Home improvement 13 6% · 38.5% denied

By loan type

Conventional 223 100% · 33.2% denied

Why it denied Maryland applicants

Debt-to-income ratio 28 38%
Incomplete application 20 27%
Collateral 14 19%
Other 7 9%
Credit history 4 5%
Unverifiable information 1 1%

Where in Maryland

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

CountyApplicationsOriginatedDeniedDenial rate
Baltimore County 36258 22.2%
Prince George's County 361910 27.8%
Montgomery County 29719 65.5%
Anne Arundel County 24117 29.2%
Baltimore city 2296 27.3%
Frederick County 17113 17.6%
Harford County 1062 20.0%
Howard County 952 22.2%
Washington County 853 37.5%
Charles County 732 28.6%

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: 223 applications in 2025, of which 112 were originated and 74 denied.

33.2% of all applications, or 35.1% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

The median rate on loans Quorum Federal Credit Union originated in Maryland in 2025 was 9.63%, against a statewide median of 6.63%.

About this data. Figures are Quorum 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