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Wicomico County, Maryland · 2025

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

232 lenders acted on 3,742 mortgage applications for properties in Wicomico County in 2025. 20.5% were denied (Maryland: 18.8%). Median rate on closed loans 6.63%; median loan $195,000; median property value $295,000.

3.7kApplications
20.5%Denial ratestate 18.8%
6.63%Median ratestate 6.63%
$195,000Median loan
$295,000Median property value

Largest lenders in Wicomico County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 State Employees Credit Union of Maryland D 264127 37.5%6.63%
2 Movement Mortgage A 254187 6.7%6.63%
3 Rocket Mortgage C 237175 14.8%6.63%
4 CMG Mortgage A 158117 0.6%6.50%
5 Dhi Mortgage Company B 13680 28.7%5.88%
6 PNC Bank D 10742 41.1%7.77%
7 United Shore Financial Services B 10462 18.3%6.12%
8 Manufacturers and Traders Trust C 10266 28.4%5.99%
9 Truist Bank C 9355 30.1%6.49%
10 The Farmers Bank of Willards D 8757 13.8%—
11 Freedom Mortgage B 7824 16.7%6.25%
12 Vanderbilt Mortgage and Finance F 761 47.4%10.25%
13 Pennymac Loan Services C 7139 12.7%6.50%
14 Embrace Home Loans A 6954 7.3%6.63%
15 Bank of America F 6815 44.1%6.24%
16 Newrez D 6821 27.9%7.13%
17 First Home Mortgage B 6750 3.0%6.75%
18 Navy Federal Credit Union D 6735 17.9%8.25%
19 Broker Solutions D 5416 16.7%6.81%
20 Mortgage Research Center C 5017 28.0%5.99%
21 AmeriSave Mortgage D 4718 55.3%6.56%
22 Loandepot.Com D 4618 28.3%6.56%
23 Success Lending D 4530 15.6%6.31%
24 Spring Eq D 4515 46.7%9.95%
25 Luminate Bank B 4233 2.4%6.88%

Best approval odds in Wicomico County

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

#LenderDecidedDecision denial rate
1CMG Mortgage1340.8%
2First Home Mortgage523.9%
3Movement Mortgage2347.3%
4Embrace Home Loans637.9%
5Rocket Mortgage21816.1%
6The Farmers Bank of Willards7017.1%
7United Shore Financial Services8422.6%
8Manufacturers and Traders Trust9630.2%
9Truist Bank8632.6%
10Dhi Mortgage Company11932.8%

What Wicomico County borrowers applied for

By loan purpose

Home purchase 1,656 44% · 12.6% denied
Refinance 473 13% · 16.3% denied
Cash-out refinance 801 21% · 22.0% denied
Home improvement 336 9% · 40.5% denied
Other / HELOC 476 13% · 35.9% denied

By loan type

Conventional 2,466 66% · 22.2% denied
FHA 887 24% · 17.6% denied
VA 347 9% · 17.9% denied
USDA / RHS 42 1% · 7.1% denied

Why applications were denied

Credit history 211 28%
Debt-to-income ratio 210 28%
Collateral 100 13%
Incomplete application 96 13%
Other 75 10%
Unverifiable information 40 5%
Insufficient cash 17 2%
Employment history 7 1%

Wicomico County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20232,7981,60420.7%6.75%$175,000
20243,2761,84421.5%6.88%$190,000
20253,7422,05120.5%6.63%$195,000

Frequently asked questions

20.5% of applications in Wicomico County were denied in 2025, against 18.8% statewide in Maryland.

State Employees Credit Union of Maryland, with 264 applications in 2025 and a denial rate of 37.5%.

The median mortgage application in Wicomico County in 2025 was for $195,000; the median property value on originated loans was $295,000.