Summit Funding in Maryland vs the state
6.3%Denial rate-12.55 pts vs state
7.7%Decision denial rate-16.44 pts vs state
75.0%Origination rate+19.29 pts vs state
6.81%Median rate+0.18 pts vs state
0.40Rate spread (pts)+0.16 pts vs state
$142kMedian applicant income
12Loans originated
1Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 18 | 5 | 33.3% | 6.75% | #406 |
| 2024 | 24 | 18 | 4.2% | 7.00% | #384 |
| 2025 | 16 | 12 | 6.3% | 6.81% | #426 |
What Summit Funding lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most Summit Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Montgomery County | 6 | 5 | 1 | 16.7% |
| Charles County | 4 | 2 | 0 | 0.0% |
| Washington County | 2 | 2 | 0 | 0.0% |
| Baltimore County | 2 | 2 | 0 | 0.0% |
| Garrett County | 1 | 1 | 0 | 0.0% |
| Prince George's County | 1 | 0 | 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: 16 applications in 2025, of which 12 were originated and 1 denied.
6.3% of all applications, or 7.7% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans Summit Funding originated in Maryland in 2025 was 6.81%, against a statewide median of 6.63%.
About this data. Figures are Summit Funding'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