PlainLender
2024 data HMDA 2024 disclosure official source

Talbot County

1,462 mortgage applications, 13.9% denial rate. Verify FIPS 24041 with U.S. Census Bureau →

PlainLender home → About this data

Maryland · FIPS 24041

Local mortgage market. Talbot County, Maryland saw 1,462 HMDA-reported mortgage applications in 2024. Lenders originated 841 of those loans and denied 204, producing a denial rate of 13.9% and an approval (origination) rate of 57.5%. The average loan amount was $382,367 at an average note rate of 7.22%, with applicants self-reporting average annual income of $38K. 148 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.1x, meaning typical borrowers took on mortgages of about 10.1 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 24041 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,462
Applications
841
Originated
13.9%
Denial Rate
57.5%
Approval Rate
$382,367
Avg Loan Amount
7.22%
Avg Interest Rate
$38K
Avg Applicant Income
10.1x
Loan-to-Income Ratio

Nearby Lenders in Talbot 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 Shore United Bank, N.A. 123 14.6%
2 Rocket Mortgage 60 7.1%
3 Bay Capital Mortgage Corporation 50 5.9%
4 First Home Mortgage 35 4.2%
5 Bank of America NA 35 4.2%
Compare Shore United Bank, N.A. vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Talbot County?
In the 2024 HMDA reporting year, 1,462 mortgage applications were filed in Talbot County, Maryland. Of these, 841 were originated (approved and funded), while 204 were denied, resulting in a denial rate of 13.9%.
What is the mortgage denial rate in Talbot County?
The mortgage denial rate in Talbot County is 13.9%. The approval (origination) rate is 57.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Talbot County?
The average mortgage loan amount in Talbot County is $382,367. The average interest rate is 7.217%. The average applicant income is $38K.
What is the loan-to-income ratio in Talbot County?
The average loan-to-income ratio in Talbot County is 10.1x, meaning borrowers took on loans averaging 10.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Talbot County?
The top mortgage lenders in Talbot County by origination volume are Shore United Bank, N.A., Rocket Mortgage, Bay Capital Mortgage Corporation. In total, 148 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.