Sofi Bank in Maryland vs the state
9.5%Denial rate-9.34 pts vs state
24.6%Decision denial rate+0.47 pts vs state
28.5%Origination rate-27.18 pts vs state
7.99%Median rate+1.37 pts vs state
1.98Rate spread (pts)+1.74 pts vs state
$152kMedian applicant income
368Loans originated
122Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 189 | 51 | 12.2% | 6.88% | #145 |
| 2024 | 362 | 141 | 16.3% | 6.63% | #104 |
| 2025 | 1,290 | 368 | 9.5% | 7.99% | #46 |
What Sofi Bank lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Montgomery County | 216 | 64 | 20 | 9.3% |
| Prince George's County | 206 | 51 | 26 | 12.6% |
| Anne Arundel County | 170 | 51 | 20 | 11.8% |
| Baltimore County | 128 | 43 | 8 | 6.3% |
| Frederick County | 104 | 33 | 3 | 2.9% |
| Baltimore city | 92 | 13 | 8 | 8.7% |
| Howard County | 81 | 26 | 7 | 8.6% |
| Harford County | 53 | 18 | 5 | 9.4% |
| Charles County | 46 | 9 | 7 | 15.2% |
| Carroll County | 42 | 15 | 4 | 9.5% |
Other large lenders in Maryland
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 12,806 | 16.8% | 6.63% |
| Navy Federal Credit Union | D | 11,436 | 23.0% | 8.00% |
| United Shore Financial Services | B | 9,307 | 16.0% | 6.13% |
| Truist Bank | C | 6,559 | 34.9% | 6.49% |
| Bank of America | F | 6,051 | 35.8% | 6.24% |
| Newrez | D | 5,739 | 21.0% | 6.63% |
| State Employees Credit Union of Maryland | D | 5,624 | 44.6% | 6.25% |
| PNC Bank | D | 5,582 | 28.0% | 7.41% |
| Manufacturers and Traders Trust | C | 5,497 | 32.0% | 5.99% |
| Pennymac Loan Services | C | 5,411 | 12.4% | 6.49% |
Frequently asked questions
Maryland: 1,290 applications in 2025, of which 368 were originated and 122 denied.
9.5% of all applications, or 24.6% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans Sofi Bank originated in Maryland in 2025 was 7.99%, against a statewide median of 6.63%.
About this data. Figures are Sofi 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