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Frederick County, Maryland · 2025

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

388 lenders acted on 12,305 mortgage applications for properties in Frederick County in 2025. 14.8% were denied (Maryland: 18.8%). Median rate on closed loans 6.50%; median loan $305,000; median property value $535,000.

12kApplications
14.8%Denial ratestate 18.8%
6.50%Median ratestate 6.63%
$305,000Median loan
$535,000Median property value

Largest lenders in Frederick County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 PNC Bank D 787518 20.0%0.25%
2 Rocket Mortgage C 735599 8.7%6.63%
3 Navy Federal Credit Union D 589309 20.7%7.75%
4 Truist Bank C 527283 32.3%6.50%
5 United Shore Financial Services B 471344 12.1%6.13%
6 Pennymac Loan Services C 377184 10.6%6.63%
7 Newrez D 324112 15.7%6.63%
8 NVR Mortgage Finance B 308230 12.3%6.50%
9 Bank of America F 305117 30.8%6.24%
10 Freedom Mortgage B 273115 7.0%6.13%
11 Manufacturers and Traders Trust C 243154 27.2%5.99%
12 State Employees Credit Union of Maryland D 19799 35.0%6.00%
13 Crosscountry Mortgage B 185119 6.0%6.58%
14 Spring Eq D 17551 48.6%9.43%
15 Coastal Community Bank C 15538 1.3%9.74%
16 NFM A 142120 0.7%6.75%
17 Towne Bank B 137115 0.0%6.49%
18 Mortgage Research Center C 13663 23.5%5.99%
19 Educational Systems C 12781 18.1%4.75%
20 First Heritage Mortgage A 12797 2.4%6.38%
21 Nationstar Mortgage C 12688 13.5%8.38%
22 Atlantic Union Bank C 12385 14.6%7.00%
23 TOWER Federal Credit Union C 12187 16.5%7.00%
24 Prosperity Home Mortgage A 11968 6.7%6.63%
25 Atlantic Coast Mortgage A 11586 0.9%6.50%

Best approval odds in Frederick County

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

#LenderDecidedDecision denial rate
1First Home Mortgage810.0%
2Towne Bank1180.0%
3NFM1210.8%
4Atlantic Coast Mortgage961.0%
5CMG Mortgage891.1%
6Direct Mortgage Loans861.2%
7Guild Mortgage681.5%
8Embrace Home Loans631.6%
9Coastal Community Bank1231.6%
10Swbc Mortgage581.7%

What Frederick County borrowers applied for

By loan purpose

Home purchase 4,815 39% · 6.0% denied
Refinance 2,357 19% · 12.3% denied
Cash-out refinance 1,878 15% · 18.1% denied
Home improvement 1,328 11% · 26.3% denied
Other / HELOC 1,927 16% · 28.3% denied

By loan type

Conventional 9,698 79% · 15.3% denied
FHA 1,468 12% · 15.5% denied
VA 1,104 9% · 9.2% denied
USDA / RHS 35 0% · 14.3% denied

Why applications were denied

Debt-to-income ratio 659 36%
Credit history 415 23%
Incomplete application 260 14%
Collateral 188 10%
Other 182 10%
Unverifiable information 57 3%
Insufficient cash 36 2%
Employment history 15 1%

Frederick County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202310,0896,16817.7%6.75%$305,000
202411,1516,77716.9%6.88%$305,000
202512,3057,47014.8%6.50%$305,000

Frequently asked questions

14.8% of applications in Frederick County were denied in 2025, against 18.8% statewide in Maryland.

PNC Bank, with 787 applications in 2025 and a denial rate of 20.0%.

The median mortgage application in Frederick County in 2025 was for $305,000; the median property value on originated loans was $535,000.