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St. Mary's County, Maryland · 2025

Mortgage lenders in St. Mary's County, MD: denial rates and top lenders (2025)

256 lenders acted on 4,556 mortgage applications for properties in St. Mary's County in 2025. 14.8% were denied (Maryland: 18.8%). Median rate on closed loans 6.50%; median loan $305,000; median property value $445,000.

4.6kApplications
14.8%Denial ratestate 18.8%
6.50%Median ratestate 6.63%
$305,000Median loan
$445,000Median property value

Largest lenders in St. Mary's County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Navy Federal Credit Union D 558297 16.3%7.75%
2 First Home Mortgage B 365298 1.4%6.50%
3 Rocket Mortgage C 259189 16.6%6.63%
4 Freedom Mortgage B 16986 3.6%6.13%
5 Mortgage Research Center C 16471 16.5%6.13%
6 Pennymac Loan Services C 16393 10.4%6.13%
7 United Shore Financial Services B 149110 12.1%5.93%
8 Newrez D 13254 22.0%5.99%
9 PNC Bank D 10965 25.7%7.79%
10 Towne Bank B 8972 2.3%6.38%
11 Shore United Bank C 8552 16.5%6.13%
12 Bank of America F 8029 28.8%6.38%
13 American Neighborhood Mortgage Acceptance Company B 7955 1.3%6.63%
14 Truist Bank C 7745 31.2%6.49%
15 Spring Eq D 7227 34.7%10.23%
16 Fairway Independent Mortgage B 7054 5.7%6.63%
17 Equity Resources C 5740 5.3%6.31%
18 Educational Systems C 5425 46.3%4.99%
19 TOWER Federal Credit Union C 5033 28.0%7.00%
20 21st Mortgage F 4918 42.9%9.19%
21 Select Lending Services B 4835 2.1%6.38%
22 Loandepot.Com D 4620 32.6%6.25%
23 Primary Residential Mortgage C 4537 0.0%6.50%
24 Coastal Community Bank C 4513 0.0%11.74%
25 Broker Solutions D 439 11.6%6.50%

Best approval odds in St. Mary's County

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

#LenderDecidedDecision denial rate
1First Home Mortgage3071.6%
2American Neighborhood Mortgage Acceptance Company571.8%
3Towne Bank752.7%
4Freedom Mortgage1055.7%
5Fairway Independent Mortgage586.9%
6United Shore Financial Services13213.6%
7Pennymac Loan Services11215.2%
8Rocket Mortgage24317.7%
9Shore United Bank6621.2%
10Navy Federal Credit Union39223.2%

What St. Mary's County borrowers applied for

By loan purpose

Home purchase 1,858 41% · 5.5% denied
Refinance 814 18% · 14.5% denied
Cash-out refinance 876 19% · 21.4% denied
Home improvement 458 10% · 26.2% denied
Other / HELOC 550 12% · 26.2% denied

By loan type

Conventional 2,647 58% · 18.1% denied
FHA 568 12% · 14.1% denied
VA 1,255 28% · 8.8% denied
USDA / RHS 86 2% · 3.5% denied

Why applications were denied

Debt-to-income ratio 186 28%
Credit history 162 24%
Incomplete application 108 16%
Other 88 13%
Collateral 85 13%
Unverifiable information 30 4%
Insufficient cash 9 1%
Employment history 3 0%

St. Mary's County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20233,6352,21116.3%6.75%$265,000
20244,2092,58314.1%6.63%$285,000
20254,5562,68514.8%6.50%$305,000

Frequently asked questions

14.8% of applications in St. Mary's County were denied in 2025, against 18.8% statewide in Maryland.

Navy Federal Credit Union, with 558 applications in 2025 and a denial rate of 16.3%.

The median mortgage application in St. Mary's County in 2025 was for $305,000; the median property value on originated loans was $445,000.