Service Federal Credit Union · Maryland · 2025

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

Service Federal Credit Union took 49 mortgage applications in Maryland in 2025, ranking #320 of 810 lenders active in the state. It originated 36.7% of them and denied 32.7% (45.7% of the applications it decided), against a statewide denial rate of 18.8%.

49Applicationsin MD
45.7%Decision denial ratestate 24.1%
6.06%Median ratestate 6.63%
$255,000Median loanstate $265,000
$9.0MVolume14 counties

Service Federal Credit Union in Maryland vs the state

32.7%Denial rate+13.85 pts vs state
45.7%Decision denial rate+21.58 pts vs state
36.7%Origination rate-18.98 pts vs state
6.06%Median rate-0.57 pts vs state
-0.58Rate spread (pts)-0.83 pts vs state
$208kMedian applicant income
18Loans originated
16Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023271151.9%5.75%#361
2024251136.0%6.75%#380
2025491832.7%6.06%#320

What Service Federal Credit Union lends in Maryland

By loan purpose

Home purchase 13 27% · 15.4% denied
Refinance 11 22% · 18.2% denied
Home improvement 16 33% · 37.5% denied
Other / HELOC 9 18% · 66.7% denied

By loan type

Conventional 45 92% · 33.3% denied
VA 4 8% · 25.0% denied

Why it denied Maryland applicants

Debt-to-income ratio 12 75%
Insufficient cash 1 6%
Collateral 1 6%
Credit history 1 6%
Employment history 1 6%

Where in Maryland

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

CountyApplicationsOriginatedDeniedDenial rate
Frederick County 1122 18.2%
Prince George's County 926 66.7%
Howard County 961 11.1%
Anne Arundel County 612 33.3%
Montgomery County 422 50.0%
Charles County 210 0.0%
Baltimore County 101 100.0%
Baltimore city 100 0.0%
Kent County 110 0.0%
Calvert 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: 49 applications in 2025, of which 18 were originated and 16 denied.

32.7% of all applications, or 45.7% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

The median rate on loans Service Federal Credit Union originated in Maryland in 2025 was 6.06%, against a statewide median of 6.63%.

About this data. Figures are Service 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