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Queen Anne's County, Maryland · 2025

Mortgage lenders in Queen Anne's County, MD: denial rates and top lenders (2025)

244 lenders acted on 2,728 mortgage applications for properties in Queen Anne's County in 2025. 16.4% were denied (Maryland: 18.8%). Median rate on closed loans 6.50%; median loan $295,000; median property value $555,000.

2.7kApplications
16.4%Denial ratestate 18.8%
6.50%Median ratestate 6.63%
$295,000Median loan
$555,000Median property value

Largest lenders in Queen Anne's County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 154112 14.9%6.98%
2 Navy Federal Credit Union D 13768 19.0%7.93%
3 United Shore Financial Services B 136105 8.8%6.05%
4 K. Hovnanian American Mortgage B 124108 1.6%6.88%
5 First Home Mortgage B 10187 2.0%6.49%
6 State Employees Credit Union of Maryland D 9847 38.8%6.13%
7 Shore United Bank C 9261 23.9%6.50%
8 Bank of America F 8840 30.7%6.24%
9 Truist Bank C 7541 33.3%6.34%
10 Newrez D 7232 11.1%6.38%
11 PNC Bank D 6935 34.8%6.88%
12 Pennymac Loan Services C 6233 14.5%6.00%
13 NFM A 6248 1.6%6.49%
14 Freedom Mortgage B 6028 3.3%6.12%
15 NVR Mortgage Finance B 6050 11.7%6.00%
16 Spring Eq D 5612 50.0%9.35%
17 TOWER Federal Credit Union C 5543 12.7%7.00%
18 Manufacturers and Traders Trust C 5132 23.5%5.99%
19 The Queenstown Bank of Maryland – 4539 0.0%—
20 First National Bank of Pennsylvania B 4323 27.9%6.49%
21 Coastal Community Bank C 338 3.0%11.74%
22 Towne Bank B 3227 6.3%6.63%
23 Loandepot.Com D 2815 25.0%6.50%
24 AmeriSave Mortgage D 269 57.7%9.25%
25 Mortgage Research Center C 2412 16.7%6.25%

Best approval odds in Queen Anne's County

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

#LenderDecidedDecision denial rate
1K. Hovnanian American Mortgage1101.8%
2First Home Mortgage892.3%
3United Shore Financial Services11910.1%
4NVR Mortgage Finance5712.3%
5TOWER Federal Credit Union5213.5%
6Rocket Mortgage14116.3%
7Shore United Bank8326.5%
8Navy Federal Credit Union9427.7%
9Truist Bank6737.3%
10PNC Bank6338.1%

What Queen Anne's County borrowers applied for

By loan purpose

Home purchase 1,104 40% · 5.1% denied
Refinance 443 16% · 14.7% denied
Cash-out refinance 445 16% · 21.6% denied
Home improvement 327 12% · 30.9% denied
Other / HELOC 409 15% · 31.8% denied

By loan type

Conventional 2,103 77% · 17.5% denied
FHA 329 12% · 15.8% denied
VA 285 10% · 8.8% denied
USDA / RHS 11 0% · 27.3% denied

Why applications were denied

Debt-to-income ratio 161 36%
Credit history 96 21%
Incomplete application 67 15%
Collateral 64 14%
Other 35 8%
Insufficient cash 13 3%
Unverifiable information 10 2%
Employment history 1 0%

Queen Anne's County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20232,1181,29918.3%6.75%$265,000
20242,3391,47517.7%6.88%$275,000
20252,7281,69116.4%6.50%$295,000

Frequently asked questions

16.4% of applications in Queen Anne's County were denied in 2025, against 18.8% statewide in Maryland.

Rocket Mortgage, with 154 applications in 2025 and a denial rate of 14.9%.

The median mortgage application in Queen Anne's County in 2025 was for $295,000; the median property value on originated loans was $555,000.