Shore United Bank · Maryland · 2025

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

Shore United Bank took 1,485 mortgage applications in Maryland in 2025, ranking #39 of 810 lenders active in the state. It originated 67.7% of them and denied 13.8% (16.9% of the applications it decided), against a statewide denial rate of 18.8%.

1.5kApplicationsin MD
16.9%Decision denial ratestate 24.1%
6.50%Median ratestate 6.63%
$275,000Median loanstate $265,000
$417MVolume24 counties

Shore United Bank in Maryland vs the state

13.8%Denial rate-5.00 pts vs state
16.9%Decision denial rate-7.26 pts vs state
67.7%Origination rate+11.97 pts vs state
6.50%Median rate-0.13 pts vs state
0.24Rate spread (pts)-0.01 pts vs state
$138kMedian applicant income
1,005Loans originated
205Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,16681812.4%6.38%#42
20241,39394214.4%6.63%#36
20251,4851,00513.8%6.50%#39

What Shore United Bank lends in Maryland

By loan purpose

Home purchase 887 60% · 5.9% denied
Refinance 185 12% · 17.8% denied
Cash-out refinance 37 2% · 16.2% denied
Home improvement 274 18% · 28.5% denied
Other / HELOC 102 7% · 35.3% denied

By loan type

Conventional 1,230 83% · 15.5% denied
FHA 209 14% · 6.7% denied
VA 41 3% · 0.0% denied
USDA / RHS 5 0% · 0.0% denied

Why it denied Maryland applicants

Debt-to-income ratio 114 56%
Credit history 46 22%
Other 22 11%
Collateral 12 6%
Insufficient cash 9 4%
Employment history 2 1%

Where in Maryland

Counties with the most Shore United Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Baltimore County 21316715 7.0%
Anne Arundel County 19712430 15.2%
Talbot County 18012227 15.0%
Queen Anne's County 926122 23.9%
Baltimore city 90634 4.4%
St. Mary's County 855214 16.5%
Caroline County 693821 30.4%
Charles County 644112 18.8%
Harford County 61494 6.6%
Frederick County 59501 1.7%

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: 1,485 applications in 2025, of which 1,005 were originated and 205 denied.

13.8% of all applications, or 16.9% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

The median rate on loans Shore United Bank originated in Maryland in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Shore United 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