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2024 data HMDA 2024 disclosure official source

Howard County

11,029 mortgage applications, 16.1% denial rate. Verify FIPS 24027 with U.S. Census Bureau →

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Maryland · FIPS 24027

Local mortgage market. Howard County, Maryland saw 11,029 HMDA-reported mortgage applications in 2024. Lenders originated 5,892 of those loans and denied 1,777, producing a denial rate of 16.1% and an approval (origination) rate of 53.4%. The average loan amount was $423,231 at an average note rate of 7.16%, with applicants self-reporting average annual income of $37K. 339 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 11.4x, meaning typical borrowers took on mortgages of about 11.4 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 24027 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

11,029
Applications
5,892
Originated
16.1%
Denial Rate
53.4%
Approval Rate
$423,231
Avg Loan Amount
7.16%
Avg Interest Rate
$37K
Avg Applicant Income
11.4x
Loan-to-Income Ratio

Nearby Lenders in Howard 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 388 6.6%
2 Navy Federal Credit Union 237 4.0%
3 United Wholesale Mortgage 234 4.0%
4 Tower Federal Credit Union 194 3.3%
5 Nvr Mortgage Finance, INC. 187 3.2%
Compare Rocket Mortgage vs Navy Federal Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Howard County?
In the 2024 HMDA reporting year, 11,029 mortgage applications were filed in Howard County, Maryland. Of these, 5,892 were originated (approved and funded), while 1,777 were denied, resulting in a denial rate of 16.1%.
What is the mortgage denial rate in Howard County?
The mortgage denial rate in Howard County is 16.1%. The approval (origination) rate is 53.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Howard County?
The average mortgage loan amount in Howard County is $423,231. The average interest rate is 7.155%. The average applicant income is $37K.
What is the loan-to-income ratio in Howard County?
The average loan-to-income ratio in Howard County is 11.4x, meaning borrowers took on loans averaging 11.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Howard County?
The top mortgage lenders in Howard County by origination volume are Rocket Mortgage, Navy Federal Credit Union, United Wholesale Mortgage. In total, 339 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.