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Baltimore city, Maryland · 2025

Mortgage lenders in Baltimore city, MD: denial rates and top lenders (2025)

468 lenders acted on 20,485 mortgage applications for properties in Baltimore city in 2025. 21.8% were denied (Maryland: 18.8%). Median rate on closed loans 6.75%; median loan $175,000; median property value $265,000.

20kApplications
21.8%Denial ratestate 18.8%
6.75%Median ratestate 6.63%
$175,000Median loan
$265,000Median property value

Largest lenders in Baltimore city

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 979580 24.1%6.75%
2 Rocket Mortgage C 873538 26.4%6.63%
3 Manufacturers and Traders Trust C 715312 41.1%5.99%
4 State Employees Credit Union of Maryland D 681239 54.6%6.50%
5 First Home Mortgage B 616481 2.8%6.63%
6 Navy Federal Credit Union D 600200 31.3%7.75%
7 Bank of America F 494179 40.5%6.24%
8 Newrez D 444113 23.4%6.88%
9 Primary Residential Mortgage C 444296 3.4%6.63%
10 Unnamed lender 254900CTT87ZKAUTIJ37 F 432272 15.3%7.63%
11 NFM A 401314 1.8%6.75%
12 Truist Bank C 340131 47.7%6.63%
13 Kiavi Funding D 320172 12.8%9.95%
14 Crosscountry Mortgage B 318191 1.9%6.75%
15 Lendingone F 31822 17.0%7.40%
16 Pennymac Loan Services C 313119 18.9%6.38%
17 Freedom Mortgage B 309107 10.4%6.25%
18 PNC Bank D 299129 33.8%0.25%
19 Dominion Financial Services A 296126 0.0%7.25%
20 Mortgage Research Center C 291118 23.4%6.50%
21 First National Bank of Pennsylvania B 272172 27.6%6.49%
22 OCMBC C 25194 22.7%7.81%
23 JPMorgan Chase Bank B 240161 9.6%6.50%
24 Broker Solutions D 23563 16.2%6.63%
25 Fulton Bank C 227135 23.4%6.50%

Best approval odds in Baltimore city

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1DAS Acquisition Company760.0%
2Coastal Community Bank740.0%
3Rf Renovo Management Company990.0%
4Dominion Financial Services2960.0%
5Velocity Commercial Capital512.0%
6CMG Mortgage1402.1%
7NFM3232.2%
8Primelending, a Plainscapital852.4%
9Towne Bank752.7%
10Crosscountry Mortgage2033.0%

What Baltimore city borrowers applied for

By loan purpose

Home purchase 9,620 47% · 11.1% denied
Refinance 3,192 16% · 19.9% denied
Cash-out refinance 4,183 20% · 27.4% denied
Home improvement 1,653 8% · 47.3% denied
Other / HELOC 1,837 9% · 45.9% denied

By loan type

Conventional 15,324 75% · 23.1% denied
FHA 3,806 19% · 19.0% denied
VA 1,336 7% · 15.5% denied
USDA / RHS 19 0% · 0.0% denied

Why applications were denied

Credit history 985 22%
Collateral 981 22%
Debt-to-income ratio 937 21%
Other 606 14%
Incomplete application 532 12%
Unverifiable information 177 4%
Insufficient cash 126 3%
Employment history 37 1%
Mortgage insurance denied 4 0%

Baltimore city by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202317,5169,20621.6%6.99%$165,000
202418,2619,39422.0%6.99%$175,000
202520,48510,21921.8%6.75%$175,000

Frequently asked questions

21.8% of applications in Baltimore city were denied in 2025, against 18.8% statewide in Maryland.

United Shore Financial Services, with 979 applications in 2025 and a denial rate of 24.1%.

The median mortgage application in Baltimore city in 2025 was for $175,000; the median property value on originated loans was $265,000.