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Howard County, Maryland · 2025

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

384 lenders acted on 11,408 mortgage applications for properties in Howard County in 2025. 16.0% were denied (Maryland: 18.8%). Median rate on closed loans 6.50%; median loan $355,000; median property value $665,000.

11kApplications
16.0%Denial ratestate 18.8%
6.50%Median ratestate 6.63%
$355,000Median loan
$665,000Median property value

Largest lenders in Howard County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 631477 14.0%6.50%
2 Navy Federal Credit Union D 526249 19.4%7.75%
3 State Employees Credit Union of Maryland D 468222 40.0%6.00%
4 Bank of America F 466199 28.1%6.13%
5 United Shore Financial Services B 417312 10.1%6.13%
6 Truist Bank C 402222 29.4%6.38%
7 TOWER Federal Credit Union C 339218 22.1%7.00%
8 Manufacturers and Traders Trust C 284167 26.8%5.99%
9 Pennymac Loan Services C 266137 9.4%6.38%
10 Newrez D 25799 10.1%6.50%
11 PNC Bank D 237132 22.8%7.80%
12 First National Bank of Pennsylvania B 231137 26.4%6.49%
13 NVR Mortgage Finance B 211154 8.1%6.44%
14 First Home Mortgage B 209164 1.4%6.63%
15 Freedom Mortgage B 18268 7.1%6.13%
16 Spring Eq D 17549 48.6%9.58%
17 Prosperity Home Mortgage A 157120 3.2%6.63%
18 APL Federal Credit Union A 155147 2.6%7.50%
19 JPMorgan Chase Bank B 15487 4.6%6.38%
20 Atlantic Union Bank C 14393 16.8%6.75%
21 Fulton Bank C 140101 13.6%6.49%
22 Towne Bank B 12097 4.2%6.49%
23 Coastal Community Bank C 11830 0.0%10.24%
24 Pentagon Federal Credit Union F 11755 36.8%7.63%
25 Mortgage Research Center C 11434 21.1%5.99%

Best approval odds in Howard County

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

#LenderDecidedDecision denial rate
1Meridian Bank550.0%
2Coastal Community Bank870.0%
3First Home Mortgage1681.8%
4Direct Mortgage Loans541.9%
5Guaranteed Rate Affinity512.0%
6APL Federal Credit Union1512.7%
7Prosperity Home Mortgage1254.0%
8NFM674.5%
9Embrace Home Loans674.5%
10Towne Bank1034.9%

What Howard County borrowers applied for

By loan purpose

Home purchase 4,650 41% · 7.0% denied
Refinance 2,058 18% · 13.5% denied
Cash-out refinance 1,675 15% · 19.6% denied
Home improvement 1,406 12% · 28.5% denied
Other / HELOC 1,619 14% · 30.3% denied

By loan type

Conventional 9,671 85% · 16.3% denied
FHA 866 8% · 18.9% denied
VA 868 8% · 9.0% denied
USDA / RHS 3 0% · 33.3% denied

Why applications were denied

Debt-to-income ratio 708 39%
Credit history 316 17%
Incomplete application 263 14%
Collateral 219 12%
Other 204 11%
Unverifiable information 59 3%
Insufficient cash 36 2%
Employment history 12 1%

Howard County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20239,0375,32318.7%6.80%$325,000
20249,8405,89718.1%6.88%$335,000
202511,4086,67216.0%6.50%$355,000

Frequently asked questions

16.0% of applications in Howard County were denied in 2025, against 18.8% statewide in Maryland.

Rocket Mortgage, with 631 applications in 2025 and a denial rate of 14.0%.

The median mortgage application in Howard County in 2025 was for $355,000; the median property value on originated loans was $665,000.