Caroline County
Maryland · FIPS 24011
According to CFPB HMDA 2024 application volume among U.S. counties, Caroline County ranks #1,167 of 3,210, and #21 of 24 in Maryland.
Mortgage lending activity in Caroline County, Maryland based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Caroline County, Maryland saw 1,385 HMDA-reported mortgage applications in 2024. Lenders originated 656 of those loans and denied 268, producing a denial rate of 19.4% and an approval (origination) rate of 47.4%. The average loan amount was $212,921 at an average note rate of 7.31%, with applicants self-reporting average annual income of $39K. 140 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 5.5x, meaning typical borrowers took on mortgages of about 5.5 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Caroline County
In Caroline County, lead originator Rocket Mortgage funded only 8.8% of 656 originated loans, below the county fleet's lower tercile (~10.9% top-1 share). The top three reporters together hold 20.9% of the book, so shopping across channels still meets many active filers.
Counties With Similar Application Volume
Nationwide counties nearest to Caroline County's 1,385 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Caroline County's $212,921 average loan (deduped against volume peers).
Lenders active in Caroline County
Rocket Mortgage funded 58 of the 656 loans originated in Caroline County, 8.8% of the county. 140 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Rocket Mortgage | 58 | 8.8% |
| 2 | First Home Mortgage | 40 | 6.1% |
| 3 | Shore United Bank, N.A. | 39 | 5.9% |
| 4 | Bay Capital Mortgage Corporation | 26 | 4.0% |
| 5 | United Wholesale Mortgage | 26 | 4.0% |
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; does not constitute financial advice for Caroline County borrowers.
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 Caroline County 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. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.