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Garrett County, Maryland · 2025

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

175 lenders acted on 1,127 mortgage applications for properties in Garrett County in 2025. 14.5% were denied (Maryland: 18.8%). Median rate on closed loans 6.63%; median loan $215,000; median property value $405,000.

1.1kApplications
14.5%Denial ratestate 18.8%
6.63%Median ratestate 6.63%
$215,000Median loan
$405,000Median property value

Largest lenders in Garrett County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Truist Bank C 6943 24.6%6.49%
2 First United C 6742 14.9%—
3 Rocket Mortgage C 6754 10.5%6.81%
4 Millennium Financial Group B 5548 1.8%6.50%
5 Manufacturers and Traders Trust C 5235 17.3%5.99%
6 Middletown Valley Bank A 4743 0.0%—
7 Clear Mountain Bank B 3428 5.9%6.25%
8 First Peoples Community Federal Credit Union B 2926 3.5%6.49%
9 Broker Solutions D 248 25.0%7.00%
10 Intercoastal Mortgage A 2418 0.0%6.63%
11 United Shore Financial Services B 2117 9.5%5.99%
12 Mortgage Research Center C 219 19.1%5.99%
13 Navy Federal Credit Union D 198 0.0%6.56%
14 WEPCO Federal Credit Union – 1918 0.0%—
15 Newrez D 182 44.4%7.06%
16 Crosscountry Mortgage B 179 17.7%7.24%
17 Pennymac Loan Services C 168 25.0%7.19%
18 Citizens Bank C 157 33.3%7.65%
19 AmeriSave Mortgage D 152 86.7%8.94%
20 Dollar Bank, Federal Savings Bank C 1311 0.0%6.99%
21 Coastal Community Bank C 131 7.7%14.49%
22 JPMorgan Chase Bank B 129 8.3%6.49%
23 State Employees Credit Union of Maryland D 1210 8.3%7.50%
24 First National Bank of Pennsylvania B 119 0.0%6.49%
25 Freedom Mortgage B 113 0.0%6.25%

Best approval odds in Garrett County

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

#LenderDecidedDecision denial rate
1Rocket Mortgage6211.3%
2First United6116.4%
3Manufacturers and Traders Trust5018.0%
4Truist Bank6028.3%

What Garrett County borrowers applied for

By loan purpose

Home purchase 546 48% · 10.3% denied
Refinance 168 15% · 11.3% denied
Cash-out refinance 219 19% · 16.9% denied
Home improvement 95 8% · 29.5% denied
Other / HELOC 99 9% · 23.2% denied

By loan type

Conventional 941 83% · 13.8% denied
FHA 106 9% · 18.9% denied
VA 72 6% · 16.7% denied
USDA / RHS 8 1% · 12.5% denied

Why applications were denied

Collateral 36 24%
Debt-to-income ratio 35 23%
Credit history 34 22%
Incomplete application 21 14%
Other 12 8%
Unverifiable information 6 4%
Employment history 4 3%
Insufficient cash 4 3%

Garrett County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202395861415.9%6.88%$215,000
202498062216.1%6.99%$235,000
20251,12771014.5%6.63%$215,000

Frequently asked questions

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

Truist Bank, with 69 applications in 2025 and a denial rate of 24.6%.

The median mortgage application in Garrett County in 2025 was for $215,000; the median property value on originated loans was $405,000.