TOWER Federal Credit Union in Maryland vs the state
25.5%Denial rate+6.70 pts vs state
28.8%Decision denial rate+4.70 pts vs state
62.1%Origination rate+6.35 pts vs state
7.00%Median rate+0.38 pts vs state
-0.21Rate spread (pts)-0.46 pts vs state
$168kMedian applicant income
1,696Loans originated
697Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,882 | 1,585 | 33.0% | 7.00% | #12 |
| 2024 | 2,679 | 1,555 | 29.9% | 7.75% | #16 |
| 2025 | 2,733 | 1,696 | 25.5% | 7.00% | #18 |
What TOWER Federal Credit Union lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most TOWER Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Anne Arundel County | 820 | 517 | 201 | 24.5% |
| Howard County | 339 | 218 | 75 | 22.1% |
| Montgomery County | 306 | 189 | 78 | 25.5% |
| Baltimore County | 266 | 155 | 73 | 27.4% |
| Prince George's County | 202 | 96 | 80 | 39.6% |
| Carroll County | 179 | 119 | 36 | 20.1% |
| Frederick County | 121 | 87 | 20 | 16.5% |
| Baltimore city | 104 | 55 | 31 | 29.8% |
| Queen Anne's County | 55 | 43 | 7 | 12.7% |
| Harford County | 54 | 33 | 19 | 35.2% |
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: 2,733 applications in 2025, of which 1,696 were originated and 697 denied.
25.5% of all applications, or 28.8% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans TOWER Federal Credit Union originated in Maryland in 2025 was 7.00%, against a statewide median of 6.63%.
About this data. Figures are TOWER Federal Credit Union'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