PlainLender
2024 data HMDA 2024 disclosure official source

Cecil County

4,159 mortgage applications, 16.2% denial rate. Verify FIPS 24015 with U.S. Census Bureau →

PlainLender home → About this data

Maryland · FIPS 24015

Local mortgage market. Cecil County, Maryland saw 4,159 HMDA-reported mortgage applications in 2024. Lenders originated 2,152 of those loans and denied 674, producing a denial rate of 16.2% and an approval (origination) rate of 51.7%. The average loan amount was $243,593 at an average note rate of 6.97%, with applicants self-reporting average annual income of $38K. 210 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.4x, meaning typical borrowers took on mortgages of about 6.4 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 24015 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

4,159
Applications
2,152
Originated
16.2%
Denial Rate
51.7%
Approval Rate
$243,593
Avg Loan Amount
6.97%
Avg Interest Rate
$38K
Avg Applicant Income
6.4x
Loan-to-Income Ratio

Nearby Lenders in Cecil 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 Aberdeen Proving Ground FCU 365 17.0%
2 Guild Mortgage Company 180 8.4%
3 Rocket Mortgage 134 6.2%
4 Pnc Bank N.A. 119 5.5%
5 Envoy Mortgage, LTD 55 2.6%
Compare Aberdeen Proving Ground FCU vs Guild Mortgage Company →

Frequently Asked Questions

How many mortgage applications were filed in Cecil County?
In the 2024 HMDA reporting year, 4,159 mortgage applications were filed in Cecil County, Maryland. Of these, 2,152 were originated (approved and funded), while 674 were denied, resulting in a denial rate of 16.2%.
What is the mortgage denial rate in Cecil County?
The mortgage denial rate in Cecil County is 16.2%. The approval (origination) rate is 51.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Cecil County?
The average mortgage loan amount in Cecil County is $243,593. The average interest rate is 6.968%. The average applicant income is $38K.
What is the loan-to-income ratio in Cecil County?
The average loan-to-income ratio in Cecil County is 6.4x, meaning borrowers took on loans averaging 6.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Cecil County?
The top mortgage lenders in Cecil County by origination volume are Aberdeen Proving Ground FCU, Guild Mortgage Company, Rocket Mortgage. In total, 210 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.