Largest lenders in Somerset County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | State Employees Credit Union of Maryland | D | 53 | 24 | 34.0% | 6.19% |
| 2 | Rocket Mortgage | C | 47 | 33 | 17.0% | 6.99% |
| 3 | PNC Bank | D | 34 | 12 | 47.1% | 8.04% |
| 4 | Mortgage Research Center | C | 34 | 18 | 20.6% | 6.50% |
| 5 | First Home Mortgage | B | 32 | 24 | 0.0% | 6.75% |
| 6 | Vanderbilt Mortgage and Finance | F | 28 | 1 | 53.6% | 8.50% |
| 7 | CMG Mortgage | A | 27 | 15 | 18.5% | 6.88% |
| 8 | United Shore Financial Services | B | 24 | 17 | 16.7% | 5.88% |
| 9 | Truist Bank | C | 19 | 8 | 52.6% | 6.74% |
| 10 | Tidewater Mortgage Services | C | 19 | 7 | 5.3% | 6.25% |
| 11 | Embrace Home Loans | A | 19 | 16 | 5.3% | 7.06% |
| 12 | Success Lending | D | 18 | 9 | 16.7% | 6.63% |
| 13 | Movement Mortgage | A | 18 | 15 | 11.1% | 6.50% |
| 14 | Pennymac Loan Services | C | 14 | 5 | 35.7% | 6.50% |
| 15 | First Shore Federal Savings and Loan Association | D | 14 | 5 | 28.6% | — |
| 16 | Manufacturers and Traders Trust | C | 13 | 6 | 30.8% | 6.31% |
| 17 | Newrez | D | 13 | 4 | 15.4% | 6.87% |
| 18 | Spring Eq | D | 12 | 3 | 41.7% | 9.93% |
| 19 | Hebron Savings Bank | – | 11 | 5 | 18.2% | — |
| 20 | AmeriSave Mortgage | D | 10 | 5 | 40.0% | 7.13% |
| 21 | NFM | A | 10 | 9 | 10.0% | 6.75% |
| 22 | Bank of America | F | 9 | 2 | 55.6% | 6.12% |
| 23 | Broker Solutions | D | 9 | 1 | 22.2% | 6.75% |
| 24 | Navy Federal Credit Union | D | 9 | 3 | 22.2% | 7.75% |
| 25 | Crosscountry Mortgage | B | 8 | 4 | 0.0% | 6.79% |
What Somerset County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Somerset County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 631 | 299 | 28.7% | 7.00% | $125,000 |
| 2024 | 699 | 341 | 23.2% | 6.88% | $135,000 |
| 2025 | 800 | 378 | 24.6% | 6.75% | $155,000 |
Frequently asked questions
24.6% of applications in Somerset County were denied in 2025, against 18.8% statewide in Maryland.
State Employees Credit Union of Maryland, with 53 applications in 2025 and a denial rate of 34.0%.
The median mortgage application in Somerset County in 2025 was for $155,000; the median property value on originated loans was $245,000.