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2024 data HMDA 2024 disclosure official source

Baltimore County

28,502 mortgage applications, 17.8% denial rate. Verify FIPS 24005 with U.S. Census Bureau →

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Maryland · FIPS 24005

Local mortgage market. Baltimore County, Maryland saw 28,502 HMDA-reported mortgage applications in 2024. Lenders originated 14,187 of those loans and denied 5,075, producing a denial rate of 17.8% and an approval (origination) rate of 49.8%. The average loan amount was $275,392 at an average note rate of 7.13%, with applicants self-reporting average annual income of $38K. 424 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.2x, meaning typical borrowers took on mortgages of about 7.2 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 24005 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

28,502
Applications
14,187
Originated
17.8%
Denial Rate
49.8%
Approval Rate
$275,392
Avg Loan Amount
7.13%
Avg Interest Rate
$38K
Avg Applicant Income
7.2x
Loan-to-Income Ratio

Nearby Lenders in Baltimore County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Rocket Mortgage 1,001 7.1%
2 United Wholesale Mortgage 655 4.6%
3 M&T Bank 577 4.1%
4 State Employees Credit Union of Maryland 483 3.4%
5 First Home Mortgage 447 3.2%
Compare Rocket Mortgage vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Baltimore County?
In the 2024 HMDA reporting year, 28,502 mortgage applications were filed in Baltimore County, Maryland. Of these, 14,187 were originated (approved and funded), while 5,075 were denied, resulting in a denial rate of 17.8%.
What is the mortgage denial rate in Baltimore County?
The mortgage denial rate in Baltimore County is 17.8%. The approval (origination) rate is 49.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Baltimore County?
The average mortgage loan amount in Baltimore County is $275,392. The average interest rate is 7.134%. The average applicant income is $38K.
What is the loan-to-income ratio in Baltimore County?
The average loan-to-income ratio in Baltimore County is 7.2x, meaning borrowers took on loans averaging 7.2 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Baltimore County?
The top mortgage lenders in Baltimore County by origination volume are Rocket Mortgage, United Wholesale Mortgage, M&T Bank. In total, 424 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.