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Carroll County, Maryland · 2025

Mortgage lenders in Carroll County, MD: denial rates and top lenders (2025)

311 lenders acted on 6,666 mortgage applications for properties in Carroll County in 2025. 14.5% were denied (Maryland: 18.8%). Median rate on closed loans 6.63%; median loan $255,000; median property value $505,000.

6.7kApplications
14.5%Denial ratestate 18.8%
6.63%Median ratestate 6.63%
$255,000Median loan
$505,000Median property value

Largest lenders in Carroll County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 416337 11.1%6.63%
2 PNC Bank D 398242 21.4%7.69%
3 Truist Bank C 337197 25.2%6.84%
4 Navy Federal Credit Union D 241141 13.3%7.95%
5 United Shore Financial Services B 240183 10.4%6.13%
6 Manufacturers and Traders Trust C 214147 22.4%5.99%
7 Bank of America F 18786 27.8%6.49%
8 TOWER Federal Credit Union C 179119 20.1%7.00%
9 Newrez D 17555 19.4%7.63%
10 State Employees Credit Union of Maryland D 16483 34.2%6.50%
11 Pennymac Loan Services C 16388 8.6%7.25%
12 First Financial of Maryland Federal Credit Union C 136116 9.6%2.49%
13 Freedom Mortgage B 12657 6.4%6.25%
14 Spring Eq D 11034 49.1%9.02%
15 First Home Mortgage B 9984 0.0%6.75%
16 Primary Residential Mortgage C 9678 2.1%6.88%
17 Coastal Community Bank C 8925 0.0%11.24%
18 NFM A 8773 0.0%6.63%
19 ACNB Bank B 8060 16.3%7.63%
20 Movement Mortgage A 7956 5.1%6.50%
21 Mortgage Research Center C 7736 18.2%5.99%
22 Towne Bank B 7654 1.3%6.49%
23 First National Bank of Pennsylvania B 7557 17.3%6.38%
24 Crosscountry Mortgage B 7446 1.4%6.63%
25 Nationstar Mortgage C 7352 12.3%8.69%

Best approval odds in Carroll County

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

#LenderDecidedDecision denial rate
1Direct Mortgage Loans650.0%
2NFM740.0%
3Coastal Community Bank620.0%
4First Home Mortgage840.0%
5Towne Bank581.7%
6Primary Residential Mortgage802.5%
7Movement Mortgage626.5%
8First Financial of Maryland Federal Credit Union1319.9%
9Freedom Mortgage7610.5%
10Rocket Mortgage39211.7%

What Carroll County borrowers applied for

By loan purpose

Home purchase 2,391 36% · 4.6% denied
Refinance 1,168 18% · 12.5% denied
Cash-out refinance 1,227 18% · 18.8% denied
Home improvement 888 13% · 22.6% denied
Other / HELOC 992 15% · 28.1% denied

By loan type

Conventional 5,402 81% · 15.1% denied
FHA 714 11% · 13.9% denied
VA 519 8% · 9.8% denied
USDA / RHS 31 0% · 3.2% denied

Why applications were denied

Debt-to-income ratio 305 32%
Credit history 238 25%
Incomplete application 159 17%
Collateral 124 13%
Other 80 8%
Unverifiable information 30 3%
Insufficient cash 22 2%
Employment history 5 1%

Carroll County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20235,1013,27617.4%6.88%$225,000
20245,7233,61418.5%6.94%$235,000
20256,6664,20514.5%6.63%$255,000

Frequently asked questions

14.5% of applications in Carroll County were denied in 2025, against 18.8% statewide in Maryland.

Rocket Mortgage, with 416 applications in 2025 and a denial rate of 11.1%.

The median mortgage application in Carroll County in 2025 was for $255,000; the median property value on originated loans was $505,000.