The Loan Store · Maryland · 2025

The Loan Store in Maryland: approval rate, denial rate and rates (2025)

The Loan Store took 677 mortgage applications in Maryland in 2025, ranking #70 of 810 lenders active in the state. It originated 61.9% of them and denied 17.0% (18.6% of the applications it decided), against a statewide denial rate of 18.8%.

677Applicationsin MD
18.6%Decision denial ratestate 24.1%
6.88%Median ratestate 6.63%
$255,000Median loanstate $265,000
$134MVolume23 counties

The Loan Store in Maryland vs the state

17.0%Denial rate-1.81 pts vs state
18.6%Decision denial rate-5.58 pts vs state
61.9%Origination rate+6.18 pts vs state
6.88%Median rate+0.25 pts vs state
0.45Rate spread (pts)+0.21 pts vs state
$137kMedian applicant income
419Loans originated
115Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231016219.8%7.38%#209
202446128415.4%6.99%#88
202567741917.0%6.88%#70

What The Loan Store lends in Maryland

By loan purpose

Home purchase 366 54% · 9.6% denied
Refinance 55 8% · 14.6% denied
Cash-out refinance 65 10% · 26.2% denied
Home improvement 65 10% · 20.0% denied
Other / HELOC 126 19% · 33.3% denied

By loan type

Conventional 609 90% · 17.6% denied
FHA 46 7% · 15.2% denied
VA 19 3% · 5.3% denied
USDA / RHS 3 0% · 0.0% denied

Why it denied Maryland applicants

Debt-to-income ratio 53 46%
Collateral 29 25%
Incomplete application 16 14%
Other 7 6%
Credit history 6 5%
Insufficient cash 3 3%
Unverifiable information 1 1%

Where in Maryland

Counties with the most The Loan Store applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Prince George's County 1036418 17.5%
Montgomery County 976515 15.5%
Baltimore city 863727 31.4%
Baltimore County 754713 17.3%
Anne Arundel County 744812 16.2%
Frederick County 58278 13.8%
Howard County 44313 6.8%
Harford County 22172 9.1%
Washington County 19153 15.8%
Worcester County 18141 5.6%

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: 677 applications in 2025, of which 419 were originated and 115 denied.

17.0% of all applications, or 18.6% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

The median rate on loans The Loan Store originated in Maryland in 2025 was 6.88%, against a statewide median of 6.63%.

About this data. Figures are The Loan Store'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