Garrett County
Maryland · FIPS 24023
According to CFPB HMDA 2024 application volume among U.S. counties, Garrett County ranks #1,341 of 3,210, and #22 of 24 in Maryland.
Mortgage lending activity in Garrett 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. Garrett County, Maryland saw 1,095 HMDA-reported mortgage applications in 2024. Lenders originated 616 of those loans and denied 162, producing a denial rate of 14.8% and an approval (origination) rate of 56.3%. The average loan amount was $332,078 at an average note rate of 7.18%, with applicants self-reporting average annual income of $36K. 152 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 9.2x, meaning typical borrowers took on mortgages of about 9.2 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Garrett County
In Garrett County, lead originator First United Bank & Trust funded only 8.0% of 616 originated loans, below the county fleet's lower tercile (~10.9% top-1 share). The top three reporters together hold 22.1% of the book, so shopping across channels still meets many active filers.
Counties With Similar Application Volume
Nationwide counties nearest to Garrett County's 1,095 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Garrett County's $332,078 average loan (deduped against volume peers).
Lenders active in Garrett County
First United Bank & Trust funded 49 of the 616 loans originated in Garrett County, 8.0% of the county. 152 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | First United Bank & Trust | 49 | 8.0% |
| 2 | Millennium Financial Group INC Dba Mlend | 46 | 7.5% |
| 3 | Rocket Mortgage | 41 | 6.7% |
| 4 | Middletown Valley Bank | 35 | 5.7% |
| 5 | Truist Bank | 34 | 5.5% |
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 Garrett 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 Garrett 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.