Rocket Mortgage · Maryland · 2025

Rocket Mortgage in Maryland: approval rate, denial rate and rates (2025)

Rocket Mortgage took 12,806 mortgage applications in Maryland in 2025, ranking #1 of 810 lenders active in the state. It originated 72.6% of them and denied 16.8% (18.2% of the applications it decided), against a statewide denial rate of 18.8%.

13kApplicationsin MD
18.2%Decision denial ratestate 24.1%
6.63%Median ratestate 6.63%
$255,000Median loanstate $265,000
$2.7BVolume24 counties

Rocket Mortgage in Maryland vs the state

16.8%Denial rate-2.04 pts vs state
18.2%Decision denial rate-5.96 pts vs state
72.6%Origination rate+16.87 pts vs state
6.63%Median rate0.00 pts vs state
0.48Rate spread (pts)+0.23 pts vs state
$120kMedian applicant income
9,294Loans originated
2,146Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
20237,7965,69616.8%6.75%#2
202410,2477,69415.7%6.63%#2
202512,8069,29416.8%6.63%#1

What Rocket Mortgage lends in Maryland

By loan purpose

Home purchase 3,671 29% · 12.6% denied
Refinance 2,387 19% · 18.1% denied
Cash-out refinance 6,345 50% · 18.1% denied
Home improvement 156 1% · 27.6% denied
Other / HELOC 247 2% · 24.7% denied

By loan type

Conventional 9,457 74% · 14.9% denied
FHA 2,132 17% · 26.8% denied
VA 1,217 10% · 13.4% denied

Why it denied Maryland applicants

Collateral 795 37%
Debt-to-income ratio 511 24%
Incomplete application 388 18%
Credit history 145 7%
Other 120 6%
Insufficient cash 96 4%
Unverifiable information 70 3%
Employment history 21 1%

Where in Maryland

Counties with the most Rocket Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Prince George's County 2,2411,500463 20.7%
Baltimore County 1,6131,143301 18.7%
Montgomery County 1,5711,166246 15.7%
Anne Arundel County 1,2951,002162 12.5%
Baltimore city 873538230 26.3%
Frederick County 73559964 8.7%
Howard County 63147788 13.9%
Harford County 54942475 13.7%
Charles County 54638696 17.6%
Carroll County 41633746 11.1%

Other large lenders in Maryland

LenderGradeApplicationsDenial rateMedian rate
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%
Freedom MortgageB 5,0787.2%6.25%

Frequently asked questions

Maryland: 12,806 applications in 2025, of which 9,294 were originated and 2,146 denied.

16.8% of all applications, or 18.2% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

The median rate on loans Rocket Mortgage originated in Maryland in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Rocket Mortgage'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