Somerset Trust in Maryland vs the state
5.9%Denial rate-12.92 pts vs state
6.3%Decision denial rate-17.88 pts vs state
88.2%Origination rate+32.53 pts vs state
5.74%Median rate-0.88 pts vs state
-0.46Rate spread (pts)-0.71 pts vs state
$107kMedian applicant income
15Loans originated
1Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 14 | 9 | 28.6% | 7.00% | #442 |
| 2024 | 10 | 8 | 0.0% | 7.06% | #469 |
| 2025 | 17 | 15 | 5.9% | 5.74% | #421 |
What Somerset Trust lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most Somerset Trust applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Allegany County | 9 | 9 | 0 | 0.0% |
| Garrett County | 7 | 5 | 1 | 14.3% |
| Montgomery County | 1 | 1 | 0 | 0.0% |
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: 17 applications in 2025, of which 15 were originated and 1 denied.
5.9% of all applications, or 6.3% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans Somerset Trust originated in Maryland in 2025 was 5.74%, against a statewide median of 6.63%.
About this data. Figures are Somerset Trust'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