Vellum Mortgage in Maryland vs the state
2.6%Denial rate-16.20 pts vs state
3.0%Decision denial rate-21.10 pts vs state
82.3%Origination rate+26.58 pts vs state
6.63%Median rate0.00 pts vs state
0.25Rate spread (pts)+0.01 pts vs state
$128kMedian applicant income
539Loans originated
17Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 566 | 448 | 5.1% | 6.75% | #71 |
| 2024 | 614 | 508 | 2.0% | 6.63% | #74 |
| 2025 | 655 | 539 | 2.6% | 6.63% | #71 |
What Vellum Mortgage lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most Vellum Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Montgomery County | 178 | 153 | 2 | 1.1% |
| Prince George's County | 113 | 85 | 5 | 4.4% |
| Anne Arundel County | 71 | 66 | 0 | 0.0% |
| Frederick County | 61 | 52 | 1 | 1.6% |
| St. Mary's County | 41 | 32 | 0 | 0.0% |
| Calvert County | 36 | 29 | 2 | 5.6% |
| Baltimore city | 30 | 19 | 1 | 3.3% |
| Charles County | 27 | 20 | 1 | 3.7% |
| Howard County | 26 | 24 | 0 | 0.0% |
| Baltimore County | 25 | 19 | 2 | 8.0% |
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: 655 applications in 2025, of which 539 were originated and 17 denied.
2.6% of all applications, or 3.0% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans Vellum Mortgage originated in Maryland in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Vellum Mortgage'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