The Peoples Bank · Maryland · 2025

The Peoples Bank in Maryland: approval rate, denial rate and rates (2025)

The Peoples Bank took 42 mortgage applications in Maryland in 2025, ranking #336 of 810 lenders active in the state. It originated 76.2% of them and denied 7.1% (8.1% of the applications it decided), against a statewide denial rate of 18.8%.

42Applicationsin MD
8.1%Decision denial ratestate 24.1%
Median ratestate 6.63%
$170,000Median loanstate $265,000
$6.9MVolume7 counties

The Peoples Bank in Maryland vs the state

7.1%Denial rate-11.66 pts vs state
8.1%Decision denial rate-16.02 pts vs state
76.2%Origination rate+20.48 pts vs state
Median rate
Rate spread (pts)
$130kMedian applicant income
32Loans originated
3Denied

Trend in Maryland

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023472721.3%#300
2024312319.4%#359
202542327.1%#336

What The Peoples Bank lends in Maryland

By loan purpose

Home purchase 18 43% · 16.7% denied
Refinance 12 29% · 0.0% denied
Cash-out refinance 8 19% · 0.0% denied
Home improvement 1 2% · 0.0% denied
Other / HELOC 3 7% · 0.0% denied

By loan type

Conventional 42 100% · 7.1% denied

Where in Maryland

Counties with the most The Peoples Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kent County 27201 3.7%
Queen Anne's County 861 12.5%
Talbot County 321 33.3%
Baltimore city 110 0.0%
Worcester County 110 0.0%
Cecil County 110 0.0%
Caroline County 110 0.0%

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: 42 applications in 2025, of which 32 were originated and 3 denied.

7.1% of all applications, or 8.1% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are The Peoples 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