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Montgomery County, Maryland · 2025

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

521 lenders acted on 28,851 mortgage applications for properties in Montgomery County in 2025. 17.4% were denied (Maryland: 18.8%). Median rate on closed loans 6.50%; median loan $345,000; median property value $695,000.

29kApplications
17.4%Denial ratestate 18.8%
6.50%Median ratestate 6.63%
$345,000Median loan
$695,000Median property value

Largest lenders in Montgomery County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 1,5711,166 15.7%6.63%
2 Truist Bank C 1,427795 29.3%6.34%
3 Bank of America F 1,182488 30.2%6.00%
4 Navy Federal Credit Union D 1,173559 19.8%7.75%
5 United Shore Financial Services B 1,053739 14.6%6.25%
6 Manufacturers and Traders Trust C 709463 22.7%5.88%
7 PNC Bank D 708358 25.7%6.38%
8 Newrez D 699189 21.8%6.88%
9 Atlantic Union Bank C 679472 15.8%6.75%
10 Pennymac Loan Services C 626290 13.7%6.50%
11 State Employees Credit Union of Maryland D 589253 46.9%5.88%
12 Prosperity Home Mortgage A 485361 5.0%6.50%
13 JPMorgan Chase Bank B 473310 6.6%6.38%
14 Spring Eq D 435106 54.0%9.70%
15 Citizens Bank C 424227 29.7%8.15%
16 Educational Systems C 421180 43.7%4.99%
17 First Home Mortgage B 386304 1.8%6.63%
18 Bank-Fund Staff Federal Credit Union A 381295 8.4%6.50%
19 Crosscountry Mortgage B 373259 3.5%6.50%
20 First National Bank of Pennsylvania B 362208 26.0%6.25%
21 First Heritage Mortgage A 359284 2.5%6.38%
22 Freedom Mortgage B 354130 6.5%6.13%
23 Pentagon Federal Credit Union F 341141 31.7%7.63%
24 Citibank B 335195 10.8%6.25%
25 TD Bank D 335163 25.7%7.44%

Best approval odds in Montgomery County

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

#LenderDecidedDecision denial rate
1Direct Mortgage Loans650.0%
2Intercoastal Mortgage660.0%
3CMG Mortgage760.0%
4Atlantic Coast Mortgage1921.0%
5First Savings Mortgage2761.1%
6Movement Mortgage881.1%
7Morgan Stanley Private Bank821.2%
8Vellum Mortgage1571.3%
9Fidelity Direct Mortgage731.4%
10Coastal Community Bank1991.5%

What Montgomery County borrowers applied for

By loan purpose

Home purchase 11,933 41% · 7.0% denied
Refinance 4,948 17% · 15.7% denied
Cash-out refinance 4,427 15% · 21.5% denied
Home improvement 3,563 12% · 31.7% denied
Other / HELOC 3,980 14% · 32.9% denied

By loan type

Conventional 25,106 87% · 17.5% denied
FHA 2,296 8% · 20.5% denied
VA 1,447 5% · 10.6% denied
USDA / RHS 2 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 1,954 39%
Credit history 960 19%
Incomplete application 717 14%
Collateral 590 12%
Other 487 10%
Unverifiable information 160 3%
Insufficient cash 101 2%
Employment history 33 1%

Montgomery County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202322,22813,06819.6%6.75%$305,000
202425,58514,93419.0%6.85%$325,000
202528,85116,64017.4%6.50%$345,000

Frequently asked questions

17.4% of applications in Montgomery County were denied in 2025, against 18.8% statewide in Maryland.

Rocket Mortgage, with 1,571 applications in 2025 and a denial rate of 15.7%.

The median mortgage application in Montgomery County in 2025 was for $345,000; the median property value on originated loans was $695,000.