Largest lenders in Allegany County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Alcova Mortgage | A | 176 | 142 | 2.3% | 6.75% |
| 2 | First Peoples Community Federal Credit Union | B | 145 | 123 | 3.5% | 6.38% |
| 3 | Rocket Mortgage | C | 129 | 86 | 23.3% | 6.38% |
| 4 | Manufacturers and Traders Trust | C | 118 | 76 | 26.3% | 5.99% |
| 5 | CHESSIE Federal Credit Union | B | 98 | 78 | 7.1% | 6.19% |
| 6 | State Employees Credit Union of Maryland | D | 79 | 38 | 40.5% | 6.75% |
| 7 | First United | C | 65 | 53 | 6.2% | — |
| 8 | Truist Bank | C | 57 | 35 | 33.3% | 6.49% |
| 9 | Dollar Bank, Federal Savings Bank | C | 54 | 34 | 16.7% | 6.58% |
| 10 | United Shore Financial Services | B | 53 | 36 | 15.1% | 6.22% |
| 11 | Mortgage Research Center | C | 52 | 25 | 23.1% | 6.25% |
| 12 | Freedom Mortgage | B | 44 | 24 | 11.4% | 6.25% |
| 13 | Act 1st FCU | – | 33 | 24 | 9.1% | — |
| 14 | AmeriSave Mortgage | D | 32 | 7 | 68.8% | 9.75% |
| 15 | Pennymac Loan Services | C | 30 | 12 | 13.3% | 7.00% |
| 16 | Union Home Mortgage | B | 25 | 17 | 16.0% | 6.50% |
| 17 | Broker Solutions | D | 25 | 6 | 12.0% | 6.69% |
| 18 | Navy Federal Credit Union | D | 24 | 12 | 12.5% | 6.69% |
| 19 | Coastal Community Bank | C | 23 | 5 | 0.0% | 11.49% |
| 20 | Nationstar Mortgage | C | 21 | 18 | 0.0% | 7.63% |
| 21 | Figure Lending | C | 21 | 9 | 33.3% | 8.70% |
| 22 | New Day Financial | F | 20 | 2 | 15.0% | 6.50% |
| 23 | Crosscountry Mortgage | B | 19 | 12 | 5.3% | 6.53% |
| 24 | Loandepot.Com | D | 17 | 7 | 29.4% | 7.13% |
| 25 | Carrington Mortgage Services | D | 16 | 4 | 68.8% | 6.63% |
Best approval odds in Allegany County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Alcova Mortgage | 161 | 2.5% |
| 2 | First Peoples Community Federal Credit Union | 128 | 3.9% |
| 3 | First United | 63 | 6.4% |
| 4 | CHESSIE Federal Credit Union | 86 | 8.1% |
| 5 | Rocket Mortgage | 118 | 25.4% |
| 6 | Manufacturers and Traders Trust | 111 | 27.9% |
| 7 | Truist Bank | 54 | 35.2% |
| 8 | State Employees Credit Union of Maryland | 70 | 45.7% |
What Allegany County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Allegany County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 1,463 | 962 | 16.4% | 6.63% | $105,000 |
| 2024 | 1,603 | 1,018 | 17.7% | 6.75% | $115,000 |
| 2025 | 1,871 | 1,138 | 17.2% | 6.50% | $115,000 |
Frequently asked questions
17.2% of applications in Allegany County were denied in 2025, against 18.8% statewide in Maryland.
Alcova Mortgage, with 176 applications in 2025 and a denial rate of 2.3%.
The median mortgage application in Allegany County in 2025 was for $115,000; the median property value on originated loans was $195,000.